EXA Infrastructure has announced the launch of the EXA Financial Network, a new platform that will connect major financial exchanges across North America and Europe. The largest owned infrastructure platform of its kind will connect 25 exchanges across 11 countries, representing over 60% of global market capitalisation.

Spendesk, the complete spend management platform, announces it has been awarded the International Standards Organisation (ISO) 27001:2022 certification for the security of its services. 

In today’s fast-paced industry, partnerships between fintechs and traditional banks are fundamentally transforming the lending industry. These collaborations are not just about combining resources; they represent an opportunity to attract and serve a broader range of borrowers while helping to develop more resilient loan portfolios for lenders. By leveraging new advances in technologies like data automation and AI, these partnerships can also enhance risk assessment and faster decision-making, boosting financial wellness for borrowers.

Today, the Consumer Financial Protection Bureau (CFPB) released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans. The research found that Black entrepreneurs received less encouragement to apply for a loan and were more frequently steered toward alternative loan products compared to white shoppers with similar or weaker business credit profiles. While focused on specific testing sites, this research provides insights into potential lending disparities that warrant further exploration.

Investment funds managed by Morgan Stanley Expansion Capital announced today an investment of $20 million in NovoPayment, a leading financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions.

The funding is expected to support NovoPayment’s continued scaling and expansion of commercial partnerships.

Global Fintech leader Broadridge Financial Solutions, Inc., today announced the appointment of Alix Jules as AI Business Transformation Leader at Broadridge, effective November 11, 2024. Jules will be based in New York City and will report into Roger Burkhardt, Head of AI for Broadridge.

MoneyLIVE Summit 2025, Europe’s most senior banking and payments conference, is set to unveil Startup City, an exclusive space designed to connect rising FinTech companies with leading investors, financial institutions, and corporate venture teams. The initiative will be featured at Europe's leading banking conference, MoneyLIVE Summit, which attracts over 1,500 senior leaders from the banking and payments industry.

Citi and Bank of Shanghai launched a first-of-its-kind payments solution on Bank of Shanghai’s TourCard. The TourCard aims to provide international travelers a straightforward, cost-efficient and more streamlined Chinese yuan renminbi (CNY) payment journey while traveling in China.