Kyriba, the global leader in cloud treasury and finance solutions, today announced that it has closed a $160 million growth investment round led by Bridgepoint, an international private equity group, which gives Bridgepoint a majority stake in the business. The closed deal values Kyriba at $1.2B and Daher Capital, Iris Capital and CEO Jean-Luc Robert will continue on as investors in the company. With the new capital, Kyriba will enhance product development and customer support, and expand its partner ecosystem.

Model Risk Management (MRM) frameworks are increasingly attracting the attention of auditors and regulators who are raising the bar in two key areas:

Vayana Network, India’s largest 3^rd party Short-Term Trade Finance (STTF) platform, announced that it has facilitated over Rs.15000 crores in trade finance. Vayana’s digital Network enables businesses and their trade partners get easy, convenient and fair-priced access to financing from Financial Institutions (FIs), such as Banks and NBFCs.

The banking technologies company Penkių kontinentų bankinės technologijos (BS/2) of Penki Kontinentai Group received an exceptional award from the world leader of the banking and trade equipment Diebold Nixdorf for successful business development in Uzbekistan.

SWIFT announces today that it has been admitted to the next phase of the tender process to provide connectivity services to all Eurosystem market infrastructures (also known as TARGET services).

AutoRek, a global financial controls, regulatory reporting and data management platform, announces its partnership with Cforia Software. Cforia Software, Inc. is a world-leading provider of software and services for global customers that automate their Order to Cash business processes.

FSS (Financial Software and Systems), a global payments technology company, has launched FSS Voice Commerce, a real-time voice banking platform that offers customers, meaningful, contextual and personalized banking interactions. Enabling banks to deepen customer engagement via conversation-led banking and deliver interactive service experiences to its customers, FSS Voice Commerce is set to take frictionless banking to the next level. The launch took place at the Seamless Middle East event that was hosted in Dubai this year.

GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM), has announced the appointment of Ramesh Pulandaran as Head of Sales for Asia-Pacific.

Based in Singapore, Pulandaran will report to Managing Director of Global Sales & Client Operations Neill Vanlint and play a crucial role in further growing GoldenSource’s customer base in the Asia-Pacific region.

Cobalt, the foreign exchange (FX) infrastructure based on shared ledger and high performance technology, has appointed Stephen Wolff as a Strategic Advisor to support its global growth strategy.

Appway is thrilled to be named in WealthTech 100 as one of the 100 most forward-thinking companies redefining the wealth and asset management industry. 

Investments in WealthTech have grown dramatically, with nearly five times more invested in the sector in 2018 than in 2014. “With the rise of mobile and digital distribution channels, new business models, and personal finance consumer propositions, the wealth management industry is undergoing huge change,” Richard Sachar, Director at FinTech Global, explains.