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Like many other services in the technology sector, Banking as a Service (BaaS) was heavily influenced by the effects of the pandemic. During and after various lockdowns and other stages of the global health alert, it became clear that consumers want to be able to access products faster, more reliably and using more modern technologies.
Finastra, a global provider of financial software applications and marketplaces, and Green RWA, a pioneering association in climate transition, today announced the launch of the Climate-Extended Risk Model (CERM) Sandbox. The new platform offers an interactive and immersive experience for banks to understand and manage climate risks in a simple and accessible manner.
Bud Financial, the AI-based data intelligence platform, has been selected by embedded consumer lender Fluro to power its lending decision-making through open banking data and transaction AI. Fluro will integrate Bud's AI capabilities in account connection, categorisation and transaction analysis, to supercharge its decisioning engine and affordability assessments, for both existing and new customers.
Unblu, a leading Conversational Engagement Platform, and Objectway, a top 100 global provider of as-a-service software and services for financial institutions, have announced a strategic partnership to enable wealth and investment firms to build more successful, effective and profitable client relationships.
Torstone Technology, a leading global SaaS platform provider for post-trade securities and derivatives processing and risk management, is excited to announce the appointment of Neil Mardon as the company’s new Chief Financial Officer (CFO). As a seasoned financial industry executive, Neil is expected to bring a wealth of experience to the firm and bolster its expansion. Neil will also be joining Torstone’s Board of Directors.
ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, today announced its Managed Performance Services offering, which enables investment firms globally to outsource all, or certain aspects, of their performance measurement and reporting functions, helping firms balance their regulatory obligations with monetary and time budgets.
ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, has successfully moved its Wallstreet Suite clients to ISO 20022. An enterprise treasury and risk management solution for the largest and most complex organizations, Wallstreet Suite offers multi-entity support, real-time information across all asset classes, and advanced analytics for decision-making and performance measurement.
Nearly three-quarters of SMEs (70 per cent) say their bank actively discriminates against them in favour of larger companies, according to new research from HedgeFlows, a leading fintech platform.
The findings were contained in a survey of 500 UK SME owners, conducted by independent polling agency Censuswide. The research quizzed industry chiefs about access to finance, support and tools for international expansion.