●      Allianz X and existing investors provide a total of USD 21 million

●      OpenGamma helps professional capital market participants enhance capital efficiency through optimization algorithms for collateral management

●      Additional funding to enable OpenGamma to further grow core business, expand range of services, and accelerate growth

Ryan Breslow, a founder of Bolt Financial Inc., said he’s stepping down as chief executive officer, two weeks after securing an $11 billion valuation for the business.

Most Read from BloombergBreslow, 27, will become executive chairman. Maju Kuruvilla, a 44-year-old Bolt executive and a former vice president at Amazon.com Inc., will be promoted to CEO. TechCrunch reported the move earlier Monday.

Komerční banka – part of the Société Générale Group - has completed the first phase of its core banking system replacement, going live on Temenos Transact in under 12 months with implementation partner, Syncordis. The modernization of its core system constitutes the crucial step in Komerční banka's strategy to become the digital banking leader in the Czech Republic.

Everlake will leverage NTT DATA’s global insurance digital platform to maintain the high quality of service to which Everlake customers are accustomed

Industry veteran to lead business development and broker distribution in California, Arizona and Nevada

• What’s the news: T-Mobile MONEY customers can now use True Name, a feature that lets customers display their chosen name on their T-Mobile MONEY debit card.
• Why it matters: Transgender and non-binary Americans face substantial challenges and even discrimination and harassment when names on their bank cards don’t match who they truly are. And it’s difficult to get those cards updated. T-Mobile makes it easy for all customers to be themselves every day.  
• Who it’s for: EVERY T-Mobile MONEY customer.

The rapid digitalisation of the economy, turbo-charged by the Covid-19 pandemic, has presented new opportunities for all types of business. But the acceleration also brings challenges; businesses are under more pressure than ever before to offer secure, seamless, and efficient customer journeys to run a successful digital operation.

Consumers’ growing digital-first approach also brings risk. Fraudsters are finding new and innovative ways to commit fraud and steal people’s identity, personal details and, money. Here are six trends we expect to see develop in the UK over 2022.

Visa, the popular global payment network company, said during an earnings call that its customers made $2.5 billion (roughly Rs. 18,685 crore) in payments using its crypto-linked cards during the first fiscal quarter of 2022 that ended on December 31. That volume, when put into perspective, already accounts for over 70 percent of all crypto-card volume throughout the fiscal year of 2021 that ended on September 30 2021, signalling increased adoption of digital asset payments over the past few months.

Siepe, a trusted provider of technology, data and analytics, has named industry veteran Michael Oliver as its new Director of Sales for Middle-Office Services. His role will play an integral part in overseeing Siepe’s expansion into middle-office capabilities. Oliver will be responsible for driving business development to this new sector of Siepe’s product offering, building relationships with investment managers, and driving new business across the leveraged loan community.

Everyone is so excited...

The RBA may actually do SOMETHING?