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German Commerzbank AG to Open Baltic Representative Office in Lithuania

Commerzbank AG, one of Germany’s oldest financial institutions, has announced plans to open a Representative Office in Vilnius. The new Representative will serve as the hub for the three Baltic States Estonia, Latvia, and Lithuania. Specifically, Commerzbank will focus on trade and project finance in the region. Additionally, the deepening of the cooperation with the public sector and local financial services industry is a key priority.

Wednesday, August 21, 2024 - 13:20
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Financial IT
Stan Chooses Stripe to Improve Business Agility with Payments and Billing
Wednesday, August 21, 2024 - 13:03
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Financial IT
Baton Systems Transforms Bank Treasury with Real-Time Liquidity Management

Baton Systems, a global capital markets tech provider orchestrating the optimised settlement of $20-30 billion (USD) in asset value daily, has introduced new treasury management tools designed to optimise intraday liquidity, reduce costly buffers, and mitigate risk in real-time. The new liquidity management capabilities offer firms a means to dramatically reduce their financing costs which have been elevated by interest rate normalisation.

Wednesday, August 21, 2024 - 11:46
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Financial IT
Fintilect's Launch Brings AI-powered Digital Banking to the UK
Fintilect, the new identity for three market-leading financial technology companies spanning both sides of the Atlantic, has been officially launched today, enabling regional and global financial services institutions to deliver one of the most advanced hyper-personalized, AI-driven digital banking experiences available in the market today.
 
Wednesday, August 21, 2024 - 11:30
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/news/digital-banking/fintilects-launch-brings-ai-powered-digital-banking-uk
Financial IT
Mastercard Appoints Winnie Wong as Country Manager for Thailand and Myanmar

Mastercard today announced the appointment of Winnie Wong as country manager, Thailand and Myanmar.

Based in Bangkok, Winnie will oversee all Mastercard activities in the two markets, including business development, implementation of innovative, safe, and smart payments solutions for businesses and consumers, as well as the growth and delivery of commercial solutions to corporations and SMEs.

Wednesday, August 21, 2024 - 10:32
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Financial IT
Zumo Joins the Abu Dhabi Sustainable Finance Declaration

Zumo, the B2B digital assets infrastructure, has signed the Abu Dhabi Sustainable Finance Declaration, reinforcing its commitment to a greener financial services industry as it extends its reach further into the region.

Wednesday, August 21, 2024 - 10:14
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/news/infrastructure/zumo-joins-abu-dhabi-sustainable-finance-declaration
Financial IT
Klarna Acquires Laybuy in New Zealand

Klarna, the AI-powered global payments network and shopping assistant, has acquired Laybuy’s assets in New Zealand, the birthplace of the payments provider, and plans to relaunch the service in the coming weeks.

Wednesday, August 21, 2024 - 04:52
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Financial IT
Resal Raises a $9M Funding Round

Resal, the leading Saudi company in digital cards, rewards solutions, and loyalty programs, announced the successful closure of a $9 million investment round with participation from Derayah Ventures Fund, Al-Wafrah AlThanya Investment Company, Venture Souq FinTech Fund, ADDiriyah Asset Management, Nomad Holdings, Bugshan Investment Group, and several family offices and angels investors.

Wednesday, August 21, 2024 - 04:40
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Financial IT
Treasury Prime Partners with Kobalt Labs to Bring AI-Powered Compliance to Its Bank Network

Treasury Prime, a leading embedded banking software company, announced today the addition of Kobalt Labs, an AI-powered copilot for risk and compliance teams, to the Treasury Prime Partner Marketplace.

Wednesday, August 21, 2024 - 04:32
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/news/artificial-intelligence/treasury-prime-partners-kobalt-labs-bring-ai-powered-compliance-its
Financial IT
Houlihan Lokey Expands Global Technology Group with Senior Software Hire

Houlihan Lokey, Inc., the global investment bank, announced today that Geoff Rhizor has joined as a Managing Director. Based in San Francisco, Mr. Rhizor will join the Technology Group where he will focus on the social impact/nonprofit and office of the CFO software sectors and will collaborate with members of the FinTech Group in the latter.

Wednesday, August 21, 2024 - 04:24
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Financial IT

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