The Lightnet Group ("Lightnet") announced today it has secured a $50 million capital commitment from LDA Capital Ltd ("LDA") to grow its infrastructure, operations, and expand its technological partner's (Velo Labs Technology) blockchain technology.  Lightnet will have the option to increase the $50 million to a total commitment of up to $100 million over the next three years.

Spreedly, the provider of the leading Payment Orchestration platform, and PPRO, the leading provider of digital payments infrastructure, announced today a partnership to offer a diverse portfolio of alternative / local payment methods (APM / LPMs) through the Spreedly platform.

In the FX market, liquidity providers are crucial since they make transactions happen. Without them, no one would be able to buy or sell, and the market would come to a standstill. In this post, we'll examine liquidity providers and how they contribute to the smooth operation of the forex market.

Liquidity in FX : From A to Z

MultiPass, a UK-based bank challenger specialising in multi-currency cross-border payments, partners with Moorwand, a payments solutions provider offering BIN sponsorship and issuing services, and payments processor Tribe Payments, to launch corporate payment cards. 

imagin, CaixaBank's digital services and lifestyle platform, has reached 4 million users in its second year of activity, equivalent to a growth of 36% if compared to June 2021. The platform is a leader among the main neobanks and fintechs, with a market share of 12.9% in Spain, according to data from Smartme Analytics. Additionally, imagin is among the apps with the most active users in the last 12 months, having achieved an annual increase of 40% in 2022, according to Data.ai.

Pragma LLC, an independent, global leader in multi-asset execution technology, announced today that it has released a new generation of Panorama, the firm’s cutting-edge advanced algorithmic management system (AMS).

ZEDRA, a global specialist in Corporate and Global Expansion, Active Wealth, Pension and Corporate Incentives, as well as Fund solutions, today confirms the completion of the acquisition of BNP Paribas Jersey Trust Corporation Limited (the Company) following the receipt of regulatory approval from the Jersey Financial Services Commission on 12th August 2022.

Coremont LLP (“Coremont”), a leading FCA-regulated financial services firm that provides complete front-to-back portfolio management support for hedge funds and institutional asset managers, has appointed Yu Xu as Deputy Head of Product. Yu joins with a particular focus on infusing a product-led culture within the organisation and delivering on an ambitious product roadmap to accelerate the firm’s growth trajectory.

PayEd – Education in Payments has launched today, offering the world’s first comprehensive online learning platform for the payments sector.  Established by Irish payments veteran John Ryan, the new educational service aims to fill the knowledge gap in the sector and help people launch a career in payments and to offer practical training for the disadvantaged, and those who operate and manage payments systems and want better outcomes.

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