Market News

Toronto-based NEO Exchange has launched DealSquare, Canada’s first B2B centralized digital platform for private placements. The platform will simplify placements by digitally connecting capital raisers to dealers and their investment advisor networks. DealSquare is a technology solution developed by NEO in partnership with Silver Maple Ventures Inc. The solution will support the entire private placement process […]Read More

UK-based property finance and specialist lending solutions provider, Enra Group has announced the appointment of Adrian Scragg as the Director of Funding Solutions. Adrian will supervise the Group’s funding strategy, strengthen investor management and assist in the building of a Capital Markets programme. Danny Waters, CEO of Enra Group commented, “We are very excited to […]Read More

Digital payments are the preferred payment option for 42 per cent of consumers in India, according to an online study conducted by YouGov and ACI Worldwide, while 29 per cent consumers prefer card payments, and only 27 per cent still opt for cash payments. A joint report by Nasdaq-listed ACI Worldwide, a global provider of […]Read More

San Francisco-based technology firm Instabase, has nabbed $105 million in Series B funding led by Index Ventures along with existing investors Greylock Partners, New Enterprise Associates (NEA), and Andreessen Horowitz. The round also saw participation from other investors including Spark Capital, Tribe Capital, SC Ventures, and Glynn Capital. As a part of the deal, Sarah […]Read More

Switzerland-based product experience platform (PXP) solutions provider, Contentserv, announced a partnership with Onedot, an intelligent platform developer for sourcing, onboarding and distribution of product data. The partnership will kick-off at the Product Experience Summit in Germany. “Through our partnership with Contentserv, we can now combine our platform with state-of-the-art PIM software and offer a holistic […]Read More

Digital Motors, an automotive retail and financial technology provider has appointed Hinrich J. Woebcken, former President and CEO of Volkswagen Group of America Inc as a senior advisor. As a part of the new role, Hinrich will provide advisory services on value proposition and automotive OEM (original equipment manufacturer) relationships according to a statement. Digital […]Read More

OpenLegacy, microservices-based API integration and management platform, has expanded its presence into the Asia Pacific. Additionally, Hong Kong-based Silverhorn Investment Advisors internally led an investment in the company, taking the total funding in OpenLegacy to $50 million so far, the company said. OpenLegacy’s new office in Hong Kong will provide access to many of the […]Read More

Texas-based Vantage Bank has made the transition to US software firm KnowledgeLake’s cloud platform. KnowledgeLake Cloud is an end-to-end platform for capture, content, and process services. The platform offers consumption-driven licensing and eliminates the need for manual updates. Vantage Bank Texas is currently employing the cloud in its compliance, underwriting, operations, and lending departments, with […]Read More

Indian digital education loans platform for higher education Credenc has raised 178 million rupees ($2.5 million) in seed funding led by Omidyar Network India. Other investors including EMVC, Better Capital and IIMK Alumni Fund also participated in the round. The company plans to use the funds to expand operations to 1000 colleges across 50 cities […]Read More

Blockchain Platform as a Service (PaaS) Chainstack has released its managed R3 Corda service, providing enterprises access to one-click deployment of cloud-based Corda nodes. Showcased at the R3 conference CordaCon, Chainstack said its platform reduces the time to deploy a blockchain node to minutes – R3 partners, enterprises, and governments can deploy Corda networks in […]Read More

Norway-based digital identity solutions provider, Signicat has announced new capabilities for expanding and enhancing the reach and performance of its digital identity verification service. The supplier states that the new enhancement is expected to expand its reach to 208 countries with identity verification services including identity document scanning, web-based video interviews, NFC scanning of passports, […]Read More

Global payment innovation company  Verrency said on Tuesday that it has appointed Namita Bhide as Commercial Director, Asia Pacific. Based in Singapore, Bhide will leverage her extensive digital banking expertise to drive Verrency’s continued growth in Singapore and Asia Pacific region as the company accelerates its global strategy, increases its market share and adds new […]Read More

Mastercard has as entered into an agreement to acquire US-based tech firm SessionM. However, the terms of the agreement have not been disclosed and the transaction is anticipated to close in the last quarter. SessionM is a provider of customer engagement and loyalty platform to various retailers, airlines, restaurants and CPG companies, which help them […]Read More

Algorand Foundation, the organization that oversees the Algorand blockchain platform, announced that the network has been certified for Sharia-compliant financing by Bahrain-based Shariya Review Bureau (SRB). “Our vision at Algorand has always been inclusivity. With the rapid growth of the Islamic financial markets, I am excited that forward-thinking Islamic enterprises will now be able to […]Read More

Santander is all set to sell its Puerto Rico-based retail and commercial banking franchise, Santander Bancorp to FirstBank Puerto Rico for an approximate amount of $1.1 billion. The banking franchise is the holding company that includes Banco Santander Puerto Rico, the banking franchise with its 27 branches and total assets worth $6.2 billion. Scott Powell, […]Read More