Investors continue supporting kompasbank’s growth journey, contributing an additional EUR 5.5 million to the digital business bank. This capital injection aims to accelerate the growth of the Danish bank’s lending portfolio and the expansion of its products and services to become a full-service bank.

Avaloq has successfully integrated its secure and scalable digital asset platform at one of Switzerland’s leading banks, Zürcher Kantonalbank (ZKB), in partnership with Fireblocks. The bank’s new offering addresses growing market demand for trading and custody of digital assets. Avaloq deployed its digital asset platform for Zürcher Kantonalbank on the cloud and manages it in a software as a service (SaaS) model.

SWIVEL™, a transaction enablement fintech that streamlines money movement, enhances user engagement, and mitigates risk in digital environments, announced that it is hosting an upcoming three-part webinar series exploring how SWIVEL’s Instant Payments solution in collaboration with FedNow®, the new instant payments service from The Federal Reserve, is helping to unlock and empower this rail both today and for the future.

Sedric AI, (“Sedric”), the pioneering compliance-dedicated AI      platform for financial institutions, today announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation from Amex Ventures and existing investors including StageOne Ventures and The Garage, brings the total amount raised by the company to date to $22 million.

Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments platform, and Trustly, the global leader in Open Banking Payments.

PayPal today ushered in a new era for customers, making it easier and more rewarding than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. Now, customers have access to rich rewards, stackable cash back offers in the PayPal app, and more personalized ways to manage their spending – all with the safety and security PayPal is known for and the peace of mind they’re getting more money back in their pockets.  

J.P. Morgan Asset Management today announced an enhancement to its Morgan Money platform, a short-term investment management solution with over $300 billion in assets under management (AUM), through a collaboration with Kyriba, a global leader in liquidity performance. This integration aims to streamline liquidity management processes, enhance the management of critical trading and accounting workflows, and provide real-time visibility into cash flow balances.

U.S. Bank is introducing two new U.S. Bank Smartly® products designed to work together to maximize credit card rewards while also helping clients earn more on their savings balances.

Magnetiq Bank is leading the charge in Europe by adopting Visa B2B Connect, a cutting-edge solution revolutionizing cross-border payments.

Visa B2B Connect offers a secure, cost-effective alternative to traditional banking for business-to-business transactions, enabling e-commerce merchants and bank customers to make payments in multiple currencies, including GBP and USD, with ease.

Paylocity, a leader in cloud-based HR and payroll software solutions, today announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities.