Financial Risk Solutions (FRS), provider of the award-winning investment administration software Invest|Pro^TM used by asset owners, life assurance, wealth and investment management companies worldwide, today announced multiple key promotions as part of the company’s expansion plans into new markets.

X1, a credit card for digital natives launched by former Twitter employees, has secured $25 million in Series B funding.

X1 Card underwrites consumers based on income rather than credit ratings, allowing it to set credit limits 5x greater than standard card providers. It's appealing to recent college graduates and those with stable incomes but low credit scores.

TIBCO has announced enhancements to TIBCO Cloud™ Integration, its industry-recognised iPaaS offering, powered by TIBCO Cloud™.

5ire Raises USD 100 Million in Series A Funding at Valuation USD 1.5 Billion, Turns Unicorn

An overwhelming majority of enterprise organisations would be better supported by higher levels of IT process maturity, according to new research by client-side IT advisory CloudStratex.

Partnerships 

Blockpass and BlockOn Capital Partner over India Blockchain Week

Crypto firm Coinbase has been granted approval by Italy's financial regulator to operate as a crypto assets service provider.

Stori, a rapidly growing fintech company offering credit card products to Mexico’s underserved population, today announced its latest round of financing of $150 million, which values the company at $1.2 billion.

The Banking Industry Architecture Network (“BIAN”), the independent not-for-profit standards association, today announces two new appointments to its executive board. Eran Agrios, Senior Vice President and General Manager, Financial Services at Salesforce and Tracy Strong, Global Head of Technology Strategy for Personal Banking and Wealth Management at Citi have both joined the executive board effective 10 May 2022.   

D-Wave Systems Inc. (“D-Wave”), a leader in quantum computing systems, software, and services, and the only company building both quantum annealing and gate-based quantum computers, and Mastercard today announced a multi-year strategic alliance to champion the acceleration and adoption of quantum computing solutions.