intelliflo today announced that 20 financial advisory firms have selected RedBlack Cloud, the cloud edition of its leading portfolio rebalancing and trading platform introduced last summer. The sophisticated software-as-a-service (SaaS) solution delivers advanced, personalized rebalancing and robust order management at scale in a multi-custodian environment.

Coralogix, a company using streaming analytics to rebuild the path to observability, today announced it has raised a $142 million Series D funding round, bringing the company’s total amount raised to $238 million. A significant portion of the proceeds from the round will be used for the company’s expansion plans, especially it's India and APAC go-to-market teams.

Cross border payments may be an enigma to many, but simply put, they concern financial transactions where the payer and the recipient are based in different countries. Without effective regulatory intervention,  the cross border payments arena can act as a breeding ground for financial crime and in a bid to overcome this, there has been an industry-wide focus on regulation.

In its bid to further democratize commercial real estate as an asset class for Indians, Strata the country’s leading tech-enabled commercial real estate (CRE) investment platform, announced the launch of its mobile app. The platform will empower investors to seamlessly access and invest in any grade-A CRE asset listed on Strata’s platform and avail end-to-end asset management services instantly through an easy to use mobile app.

Fabric Ventures, the Web3 venture contributor, has announced the final close of a $140m Venture Fund — twice the original target and more than $30m above the original hard cap. They are simultaneously announcing their first close of a new Growth Fund, targeting a final fund size of an additional $100 million. Fabric Growth provides capital to support innovative web3 founders in their expansion and scaling, doubling down on initial venture investments.

Skaleet, an international fintech offering a next-generation Core Banking Platform (CBP) is today announcing its partnership with PSP Lab, a European Fintech consulting company.

TrueLayer, Europe’s leading open banking platform, and Thunes, a Singapore-based fintech company and a leader in global cross-border payments, today announced their partnership to streamline and improve the payment experience of consumers in the UK and Europe.

ABB today releases its white paper entitled “The DCS of tomorrow: ABB’s process automation system vision,” which outlines how process automation systems will evolve to support industries as they undergo digital transformation and shift to sustainable energy sources.
 

Nexi S.p.A. (“Nexi”) informs that today entered into a long‐term strategic partnership with BPER Banca S.p.A. (“BPER Banca”) and Banco di Sardegna S.p.A. (“Banco di Sardegna”) by transferring BPER and Banco di Sardegna’s merchant acquiring and POS management businesses to Nexi Payments S.p.A. At the same time, Nexi will buy the full ownership in Numera Sistemi e Informatica S.p.A. (“Numera”) from Banco di Sardegna, subject to the prior carve‐out from Numera of business activities not related to POS management and support (overall the “Transaction”).

CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, announced that a new chair and five new members have been appointed to its Board of Directors (Board) at the CLS Annual General Meeting on 17 May 2022.