Capital Management and CCAR are key priorities for banks in the US today. It is of crucial importance that banks ensure that they can pass upcoming CCAR exams and overcome the current challenges faced by the state of the economic environment and subsequent new scenarios they are facing. Banks need to ensure their capital management practices fit macroeconomic influences and emerging risks, incorporate climate risk considerations and re-evaluate the benefits and limitations in the use of data and automation.

Mexican neobank, albo, has proudly announced its latest accomplishment of closing a growth funding round worth $40m.

The recent infusion was spearheaded by United States-based Morpheus Ventures. The funding round also witnessed significant backing from former supporters like the US-based Valar Ventures and Mexico’s own Nazca Ventures. This fund collection serves as a landmark achievement in albo’s development.

PortX, a transformative leader in open banking and seamless core integration for community financial institutions, is excited to announce the successful closing of a $16.5 million Series B funding round.

Synchrony, a premier consumer financial services company, has been recognized among the Top 10 India's Best Workplaces™ for Women 2023 by Great Place To Work® India. This acknowledgment underscores Synchrony's dedication to its people-centric culture and its ongoing efforts to create a diverse and inclusive workplace. 

Slope, a company focused on revolutionising the B2B payment landscape, has successfully announced its latest funding round.

The recent funding round saw Slope raise $30m, with the lead investment from Union Square Ventures and significant backing from OpenAI’s Sam Altman.

We are delighted to announce that BMLL has won “Best Data Science Solution” at the Data Management Insight Awards USA 2023. These awards recognise established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across North America.

Zumo, the UK-based digital-asset-as-a-service platform, has announced a significant industry milestone as it becomes the first digital asset platform to have integrated tech-based requirements of the Financial Conduct Authority’s (FCA’s) new financial promotions regime for cryptoasset firms, set to take effect from 8 October 2023. 

iDenfy, a global RegTech startup offering AI-based ID verification and fraud prevention tools, partnered with Quoka, Germany's leading online marketplace, which offers a platform for individuals and businesses alike to sell and buy quickly and safely. iDenfy will be responsible for handling Quoka’s verification request while helping the marketplace scale and ensure compliance. 

Today, Fireblocks is excited to announce the acquisition of BlockFold, a smart contract development and consulting firm specializing in advanced tokenization projects for financial institutions. The acquisition enriches Fireblocks’ tokenization capabilities to provide clients with a complete service layer that includes advisory, token customization, orchestration, and distribution through the Fireblocks Network. 

Alipay+ today launches the #MoneyCannotBuy marketing initiative, a series of social media campaigns and special rewards, as the provider of cross-border digital payments and marketing solutions teams with global merchants in bringing a unique travel experience to Asia’s e-wallet users.

#MoneyCannotBuy features major social media campaigns and special promotion from over 100 brands worldwide ranging from major theme parks to shopping malls, luxury retailers and major airports, for mobile-savvy travelers.