Commerce Bank goes live on Temenos core banking platform to reimagine banking for the digital era

Temenos, the banking software company, today announced that Commerce Bank has gone live with Temenos core banking platform. This milestone completes Commerce Bank’s modernization project to move from its legacy systems for deposits to a modern, agile and open platform tailored for the US market.

US regulatory agencies announced new steps this week for their reviews of proposed bank mergers.

3S Money, the UK bank challenger, has partnered with ClearBank, the cloud-based clearing bank, to offer multicurrency accounts to its retail and corporate clients for the first time, to support their international growth and that of their end users.  

• A quarter of BNPL users are concerned about their ability to repay their BNPL bills
• Over a third chose to pay with BNPL due to insufficient funds in their current or savings account
• Nearly a fifth of 18–34-year-old BNPL users have had their credit score impacted due to missed BNPL payments
• The average BNPL user is paying off £293 in BNPL loans, and almost half have had loans from different BNPL providers at the same time

Geopolitical issues, including the heightening Ukraine-Russia tensions, will drive Bitcoin’s increasing mass adoption and higher values this year – despite a 5% drop in the last 24 hours.

The prediction from Nigel Green of deVere Group, the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations, comes as more than 100,000 Russian troops mass on the border with Ukraine and global leaders try diplomatic efforts to avoid war between the two countries.

Please tell us about SEON. What does the company do?

SEON is using Artificial Intelligence (AI) to redefine what it means to fight online fraud. Since starting in 2017, we have developed our solution into a revolutionary AI fraud prevention platform. 

~70% of all eligible former and current employees liquidated their ESOPs~

~The soonicorn offered employees ESOP at different stages of their tenure with the company~

B2B e-commerce and supply chain enablement platform Bizongo has announced the completion of its first Employee Stock Ownership Plan (ESOP) monetization program worth $3.7 million. While 102 of Bizongo’s former and current employees were eligible for the buyback, only 70% of employees opted to liquidate ESOPs from the pool worth $4.8 million.

In 2022 PayRetailers will continue as an Official Sponsor of CONMEBOL Sudamericana for the second consecutive year. The partnership reaffirms the innovative PSP platform’s presence in Latin America, consolidating its leadership in cross-border payment processing in the region.

Solid infrastructure in Latin America

Google LLC today announced that it has signed a definitive agreement to acquire Mandiant, Inc., a leader in dynamic cyber defense and response, for $23.00 per share, in an all-cash transaction valued at approximately $5.4 billion, inclusive of Mandiant’s net cash. Upon the close of the acquisition, Mandiant will join Google Cloud.