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Bank of Hangzhou Extends Scope on MX.3 With FRTB Solution

Bank of Hangzhou has expanded its use of Murex's MX.3 platform by implementing the Fundamental Review of the Trading Book (FRTB) solution, MX.3 for FRTB, using the standardized approach (SA).

The Bank of Hangzhou initially implemented MX.3 in 2021 to support capital markets activities across asset classes, covering front-office, back-office and risk management functions. The platform has consistently met the bank's needs for business expansion, risk management and compliance.

Wednesday, January 8, 2025 - 15:03
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/news/banking/bank-hangzhou-extends-scope-mx3-frtb-solution
Financial IT
International's Digital Payment Solution to Power New Money Fellows Offering in Egypt

Network International, a leading enabler of digital commerce in the Middle East and Africa, has partnered with Money Fellows, the leading money circles app, to power a new solution that will leverage its best-in-class payment functionality. 

Wednesday, January 8, 2025 - 12:51
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/news/payments/internationals-digital-payment-solution-power-new-money-fellows-offering-egypt
Financial IT
TransUnion Announces Agreement to Acquire Financial Technology Company Monevo, a Credit Prequalification and Distribution Platform

TransUnion has signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalised credit offers to consumers via comparison websites and other third parties.

Wednesday, January 8, 2025 - 11:42
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/news/infrastructure/transunion-announces-agreement-acquire-financial-technology-company-monevo
Financial IT
Travelex Unveils New Qatar Store as Middle East Expansion Accelerates

Leading Foreign Exchange company Travelex has unveiled a new retail location at Hamad International Airport – reflecting the brand’s ongoing expansion across the State of Qatar.  

Wednesday, January 8, 2025 - 10:44
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/news/infrastructure/travelex-unveils-new-qatar-store-middle-east-expansion-accelerates
Financial IT
Volante Technologies Recognized as a Global Market Leader in Innovation: Payment Hubs, 2024–25 Omdia Universe Report

Volante Technologies, the global leader in

Wednesday, January 8, 2025 - 09:28
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/news/payments/volante-technologies-recognized-global-market-leader-innovation-payment-hubs-2024-25
Financial IT
Nuvei Enters Strategic Partnership With Gaming Innovation Group (GiG)

Nuvei Corporation, the Canadian fintech company, has entered a new strategic partnership with GiG, a leading B2B technology provider to the iGaming industry. This collaboration enables iGaming operators to optimize their payments functionality through their existing integration with GiG's CoreX solution.

Wednesday, January 8, 2025 - 09:23
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/news/payments/nuvei-enters-strategic-partnership-gaming-innovation-group-gig
Financial IT
ThreatMark Secures $23 Million to Advance the Fight Against Online Fraud

ThreatMark has always been dedicated to ensuring that people feel secure in their online transactions. In line with this mission, they are thrilled to announce a major step forward: securing $23 million in a funding round led by Octopus Ventures, Riverside Acceleration Capital, and Springtide Ventures.

Wednesday, January 8, 2025 - 08:47
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/news/fundraising-news/threatmark-secures-23-million-advance-fight-against-online-fraud
Financial IT
Tradition Capital Bank Partners With CorServ for Improved Credit Cards

CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Tradition Capital Bank to launch an innovative credit card program for commercial, small business, nonprofit, and consumer clients.

Wednesday, January 8, 2025 - 08:39
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/news/credit-cards/tradition-capital-bank-partners-corserv-improved-credit-cards
Financial IT
PXP Appoints Alex Apergis as Chief Revenue Officer and Transforms Its Brand, Reflecting Its Ambition to Create a Tech-First Global Commerce Ecosystem

PXP, a leading omnichannel global payment platform and innovative industry disruptor, have announced the appointment of Alex Apergis as its new Chief Revenue Officer to supercharge global growth. Alongside this strategic leadership addition, PXP is transforming its brand to reflect its innovative tech-first strategy to create a global commerce ecosystem.

Wednesday, January 8, 2025 - 08:31
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/news/payments/pxp-appoints-alex-apergis-chief-revenue-officer-and-transforms-its-brand-reflecting
Financial IT
Fazeshift Secures $4M Seed Round Led by Gradient to Automate Accounts Receivable With AI

Fazeshift, an AI agent for Accounts Receivable, raised $4M in seed funding led by Gradient, Google's early-stage AI fund. The round also included investment from Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, Phoenix Fund, and prominent angels including Terrence Rohan, Kulveer Taggar, and Rich Aberman.

Wednesday, January 8, 2025 - 08:04
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/news/fundraising-news/fazeshift-secures-4m-seed-round-led-gradient-automate-accounts-receivable-ai
Financial IT

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