Akoni Hub Partners with Reliance Bank to Provide Enhanced Savings Management Services
- 1 year 3 months ago
- Cash management
Akoni Hub has formed a partnership with Reliance Bank to make its savings products available on Akoni’s cash management platform. Akoni’s customers are now able to place money in Reliance Bank’s Instant Access, Notice and Fixed Term Deposit accounts via Akoni’s online system.
Airwallex Rolls Out Borderless Visa Cards in Canada, Giving Canadian Businesses a Streamlined Approach to Global Expense Management
- 1 year 3 months ago
- Payments
Airwallex, a leading global payments and financial platform for modern businesses, today introduced the Airwallex Borderless Visa® Card in Canada. The virtual card is issued by Peoples Trust Company, part of Peoples Group, and enables Canadian businesses to easily make payments around the world, everywhere Visa is accepted.
Appital Hires Former HSBC High Touch Sales Trader John Coules
- 1 year 3 months ago
- People Moves
Appital, the peer-to-peer price discovery and liquidity sourcing technology for asset managers, today announced the appointment of John Coules to the Appital business development team. A former HSBC high tough sales trader, John Coules joins Appital at a time when the business is experiencing significant growth, reaching $4.0bn of buy-side liquidity since the launch of Appital Insights™ in September 2023.
Improving Picture for Personal Finances, But Many Still Struggling
- 1 year 3 months ago
- Personal Finance
New research from the Financial Conduct Authority (FCA) has found that while many are struggling to meet financial commitments, the picture has improved over the last year. The regulator found 7.4m people were struggling to pay bills and credit repayments in January 2024, down from 10.9m in January 2023. This is still higher than the 5.8m recorded in February 2020, before the cost of living squeeze began.
APP The Biggest Fraud Threat with AI the Solution, Says The Payments Association Survey
- 1 year 3 months ago
- Payments
A plurality of the payments industry believes that Authorised Push Payment (APP) fraud is likely to be the biggest threat in 2024 – and that AI technology will be key in combatting it. That’s according to a survey of payment leaders and trailblazers published by The Payments Association, which celebrates innovation and collaboration across the industry.
DTCC Collaborates with REGnosys to Support ISDA Digital Regulatory Reporting
- 1 year 3 months ago
- RegTech
DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that it is working with REGnosys to support industry adoption of the ISDA Digital Regulatory Reporting (DRR) solution and aid compliance with forthcoming global derivatives trade reporting rewrites. The ISDA DRR establishes a golden-source interpretation of market practices and trade reporting logic, developed through industry consensus.
Arizona Financial Credit Union Partners with NCR Atleos to Elevate Self-Service Banking
- 1 year 3 months ago
- ATMs
NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers, and consumers, today announced that $3.3 billion-asset Arizona Financial Credit Union (AZFCU) has selected Atleos’ ATM as a Service (ATMaaS) to increase operational efficiencies within the self-service banking channel while improving the member experi
GoCardless Extends Strategic Partnership With Sage, Boosting Global Reach and Unlocking New Growth Opportunities
- 1 year 3 months ago
- Payments
Bank payment company GoCardless has announced the renewal and expansion of its strategic partnership with Sage, the global leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses.
Gilion Secures €10m Equity Round to Fuel Expansion of Its Growth & Funding Platform
- 1 year 3 months ago
- Fundraising News
Gilion, the Swedish Growth & Funding platform, today announced the closure of a €10 million equity funding round, bringing the total equity raised to €40 million. This significant investment comes on the heels of a year ending with a strong growth increase, a 4x year-over-year revenue increase and an 8x increase of companies on the platform, where we now help hundreds of thriving companies optimize their growth.
Positioning Mastercard for the Next Era of Growth
- 1 year 3 months ago
- Payments
Mastercard today announced a realignment of its teams centered on three interdependent areas of Core Payments, Commercial & New Payment Flows and Services. These changes will enable further alignment to accelerate growth and deliver value for stakeholders.
Only Two Fifths of Brits Know How to Boost Their Pension
- 1 year 3 months ago
- Financial
Just two-fifths (42%) of the UK population know how to contribute more into their pension, according to new research from Lloyds Bank. The same study also found that of those who have multiple pots, a quarter would not know where to start to combine multiple pension pots accrued throughout their working life.
Empower Enters Into an Agreement to Acquire Petal
- 1 year 3 months ago
- Infrastructure
Empower Finance, Inc. has entered into a definitive agreement to acquire Petal, a consumer credit card and financial technology company headquartered in New York, and completed its acquisition of Cashalo, a consumer credit and lending company headquartered in the Philippines. Empower is a leader in alternative credit underwriting and a pioneer in financial product innovations for underserved consumers in the U.S. and Mexico.
Bloomberg Launches Point-in-Time Data Solution that Gives Quants a Competitive Edge
- 1 year 3 months ago
- Data
Bloomberg today announced the launch of Company Financials, Estimates and Pricing Point-in-Time, a new offering that connects and integrates a broad, diverse range of datasets from multiple sources, provides historical point-in-time data and will enable linking traditional company data to more esoteric data like alternative data.
MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity
- 1 year 3 months ago
- Cybersecurity
The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, to strengthen cyber resilience in the financial services sector in Singapore. The strategic partnership aims to further cement the collaboration between MAS and Mastercard in:
Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.
- 1 year 3 months ago
- Fundraising News
Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin.
