Partnerships 

AllianceBernstein Selects Aiviq for Client AUM and Flow Data Products and Services

Baker Hill, a leading financial technology provider in delivering solutions for loan origination, risk management and analytics, announced its Baker Hill NextGen® Banker Application was named a Product Innovation of the Year nominee by TechPoint for the 24th annual Mira Awards. The TechPoint Mira Awards are Indiana’s largest and most prestigious technology awards, and the annual awards gala will celebrate the “Best of Tech” in Indiana at the JW Marriott Indianapolis on Saturday, April 22, 2023. 
 

With so many changes and disruptions to normal business operations, employee training has become a key component in the success of any organization. Remote employee training can be highly beneficial for businesses that want to maintain the same high learning standards while potentially decreasing costs and improving flexibility.

Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced a new services partnership with BNP Paribas’ Securities Services business, a global multi-asset servicing specialist with EUR 11.1 trillion in assets under custody and EUR 2.3 trillion in assets under administration, to offer investment accounting and reporting solutions combined with the bank’s custodian services.

UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBS’s position as the leading Swiss-based global wealth manager with more than USD 3.4 trillion in invested assets on a combined basis, operating in the most attractive growth markets.

DECTA, a leading provider of end-to-end payment infrastructure, has ramped up its strategy for UK growth, appointing Scott Dawson as Head of Sales and Strategic Partnerships.

corfinancial^®, a leading provider of specialist software to the financial services sector, announces that New York-based investment manager Jennison Associates (Jennison) has implemented Salerio, their post-execution trade processing, matching, confirmation and settlement instruction management system. 

Tamara, a fintech startup based in Saudi Arabia, has secured a $150 million debt facility in its latest fundraising round.

Over the past few years, Open Banking – a technology that gives consumers and businesses the legal right, for the first time, to access their payment accounts via third-party providers (TPPs), has become a global phenomenon, with studies estimating that the Open Banking market will be valued at $123.7 billion by 2031 from the $13.9 billion in 2020. 

The last three years have seen considerable change in how the UK financial services sector operates. The expectations of consumers have shifted, prompted by the pandemic and a need for better digital financial tools for a smoother customer experience. The inventiveness of fraudsters has also put another pressure on financial institutions. There are probably more than five ways digital payments will alter the way financial services operate in 2023 – but these are what we believe are some of the key changes to expect this year.