PureFacts Financial Solutions, a leader in revenue management, enterprise reporting, and insights solutions for the asset and wealth management sector, announced today that is has acquired Xtiva Financial Systems, Inc. (Xtiva), the global leader in sales performance and incentive compensation management software for the wealth management industry.

The Swift Board of Directors today announced new leadership, with the election of J.P. Morgan’s Graeme Munro as non-Executive Chair and Samantha Emery of Lloyds Banking Group as non-Executive Deputy Chair at its regular meeting this week.  Munro is a Swift Board director nominated by the U.S. Swift community, and Emery a Board director nominated by the U.K. Swift community.

Financial IT catches up with Domenico Scaffidi, Vice President and Global Lead of the Payments Innovation Practice of Volante Technologies at MoneyLIVE Summit.

Knowing exactly how much a cross-border payment costs is a right protected by law in the UK and the EU. However, research carried out by Wise, the global technology company building the best way to move money, shows that financial providers continue to make it difficult to find or hide fees in inflated exchange rates.

Capital.com, the high-growth global FinTech operating in the leveraged trading industry, has today announced the appointment of Simone Manni as Head of Marketing, Europe. Based in Milan, Simone will oversee Capital.com’s growth in Europe, focusing primarily on Italy and Germany. 

The Scottish National Investment Bank has expanded its portfolio, investing £5 million into real-estate data analytics platform, Utopi.

The investment will create 50 new jobs at the Glasgow-based company, which specialises in energy consumption monitoring technology and will use The Bank’s support to scale up to target new global markets.

BharatPe Group, one of India’s leading names in fintech industry, today announced its partnership with Women Entrepreneurship Platform (WEP) with the objective of enabling women entrepreneurs across India in their journeys of self-reliance and business growth. The partnership aims to build a robust ecosystem that brings together women entrepreneurs from different parts of India and equips them with the required domain knowledge as well as the financial and technical know-how needed to fulfill their business goals.

Duco, a leading data automation company, today announced that Mama Money, a rapidly growing fintech that offers cross-border money transfers and banking services, have expanded their use of Duco’s no-code solution to add automated daily cash balance controls.

In 2022, the share of FinTech companies in the SEA region officially using AI and ML technologies in their stack reached 3.09% (807 out of 26,105 companies), steadily increasing from 2.88% in 2020 and from 3.03% in 2021.