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Finastra Secures a Massive $5.3B Debt Financing

Finastra, a FinTech enterprise owned by Vista Equity Partners, has successfully secured a groundbreaking private loan package.

This colossal amount of $5.3bn is being provided by renowned private lenders, notably Oak Hill Advisors, Blue Owl Capital, and HPS Investment Partners, as detailed in a recent Bloomberg report.

Tuesday, August 22, 2023 - 15:36
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Financial IT
Brazil’s OZ Câmbio Partners with Nium to Speed Real-time, Cross-Border Business from LatAm

Nium, the leader in real-time global payments, and OZ Câmbio, today announced a new strategic partnership during the first day of the

Tuesday, August 22, 2023 - 15:07
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/news/payments/brazils-oz-cambio-partners-nium-speed-real-time-cross-border-business-latam
Financial IT
Provenir Named US Fintech Awards 2023 Finalist in Two Categories, ‘Fintech of the Year’ and ‘Data Initiative of the Year’

Provenir, a global leader in AI-powered risk decisioning software, today announced that it has been named a finalist in the “Fintech of the Year” and “Data Initiative of the Year” categories for the US Fintech Awards 2023.

Tuesday, August 22, 2023 - 14:47
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Financial IT
EBANX Strengthens Technology, Product and Governance and Names New VPs

EBANX, the technology company specializing in payment solutions for rising economies, announces the appointment of two Vice Presidents to lead its technology and governance initiatives. The announcements represent yet another important step by EBANX on the path of increasingly strengthening technology and governance at the core of its global solutions, in line with its mission of connecting the largest brands in the world to rising markets such as Latin America and Africa. 

Tuesday, August 22, 2023 - 14:44
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/news/people-moves/ebanx-strengthens-technology-product-and-governance-and-names-new-vps
Financial IT
More than Half of Challenger Banks Neglect Sanctions and PEP List Checks

Recent survey data reveals challenger banks show a concerning lack of commitment when it comes to screening new customers against sanctions or politically exposed persons (PEP) lists. Only a quarter (24 per cent) say they always verify new customers, while more than half (54 per cent) also freely admit to performing such checks only “on occasions”.

Tuesday, August 22, 2023 - 14:41
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/news/aml-and-kyc/more-half-challenger-banks-neglect-sanctions-and-pep-list-checks
Financial IT
True Digital Partners with Ncontracts to Provide Better and Faster Vendor Data for Banks and Credit Unions

True Digital Group, provider of the industry’s first digital vendor optimization network that supports financial institutions in their discovery,  implementation, and monitoring of technology vendors, today announced a strategic partnership with Ncontracts, the leading provider of integrated vendor, compliance, and risk management solutions to the financial industry.

Tuesday, August 22, 2023 - 13:38
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/news/data/true-digital-partners-ncontracts-provide-better-and-faster-vendor-data-banks-and-credit
Financial IT
Trading Technologies to Acquire Abel Noser Solutions

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, and Abel Noser Solutions, LLC (ANS) announced today a definitive agreement for TT to acquire ANS, the industry-leading provider of transaction cost analysis (TCA) for investment managers, brokers, asset owners and consultants, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners. Terms of the transaction, expected to close on Aug. 31, were not disclosed.

Tuesday, August 22, 2023 - 13:33
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/news/trading-systems/trading-technologies-acquire-abel-noser-solutions
Financial IT
Liminal Launches Android Version of Vaults for Seamless On-the-Go Asset Management

Leading regulated digital asset custody provider, Liminal, renowned for its innovative multi-party computation (MPC) wallet infrastructure, has unveiled the eagerly anticipated Vaults Android app. Building on the success of its iOS counterpart, this release represents a transformative leap in digital asset management for Web3 enterprises.

Tuesday, August 22, 2023 - 12:28
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/news/asset-management/liminal-launches-android-version-vaults-seamless-go-asset-management
Financial IT
Paradigm Sports Enters into Strategic Partnership with TransferMate to Manage International FX Transfers

Global sports and entertainment agency, Paradigm Sports, has entered into a strategic partnership with TransferMate, the world’s leading B2B global payments infrastructure provider, to exclusively manage their international FX transfers.

Tuesday, August 22, 2023 - 12:25
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/news/money-transfers/paradigm-sports-enters-strategic-partnership-transfermate-manage-international
Financial IT
Tap to Pay on iPhone Now Available to Customers in the UK and Netherlands with SumUp

Tap to Pay on iPhone is now available for SumUp customers in the UK and Netherlands. Using Tap to Pay on iPhone, SumUp merchants can now seamlessly and securely accept all forms of contactless payments, including Apple Pay, contactless credit and debit cards and other digital wallets, using only an iPhone and the free SumUp iOS app, with no additional hardware needed.

Tuesday, August 22, 2023 - 12:21
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/news/e-payments/tap-pay-iphone-now-available-customers-uk-and-netherlands-sumup
Financial IT

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