CAIS, the leading alternative investment platform for independent financial advisors, announced today that Kan Kotecha has joined the firm as the Chief Technology Officer.

Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC) and $90 million in debt financing led by the International Finance Corporation (IFC) and East West Bank.

Ingo Payments, a trusted leader in account funding and disbursements solutions defined as Money Mobility, announced its acquisition of Deposits Inc., a provider of modern banking software tools and infrastructure. This acquisition accelerates the launch of its Modern Money Stack, which will enable banks, fintechs and brands to transform money flows into full, feature-rich accounts that foster new relationships, revenue streams, and utility, delivered in a modern, modular, compliant and cost-efficient way.

The Bank of New York Mellon Corporation ("BNY"), a global financial services company, today announced BNY has entered into a definitive agreement to acquire Archer Holdco, LLC ("Archer"), a leading technology-enabled service provider of managed account solutions to the asset and wealth management industry.

Hex Trust, a leading provider of digital asset solutions for institutional finance and the Web3 ecosystem, announces a strategic partnership with Grass. This viral, new decentralized infrastructure network is building the first open internet-to-scale web crawl. Today, the network is powered by over 2 million users who are running nodes to scrape petabytes of web data for AI models. The partnership also cements Hex Trust’s position as a major service provider and custodian within the Solana and SPL ecosystem. 

Clear Street, a financial technology firm modernizing the global capital markets and brokerage ecosystem, today announced that Co-Founder and CEO Chris Pento will assume an executive and partner role at White Bay, the family office of Co-Founder Uriel Cohen, effective at year-end 2024.

Lithic, a leading card issuing technology company known for enabling growth-oriented businesses with bespoke card programs and seamless money movement, today announced its expansion into the Canadian market. This marks Lithic’s first entry into a non-U.S. market and introduces powerful multicurrency processing capabilities that position Lithic to support the most ambitious and innovative card program use cases.

Cogitate, a provider of cloud-native core policy, billing, and claim applications for insurers, is pleased to announce its partnership with One Inc, the leading digital payments network for the insurance industry.

American Express and Knot, an Amex Ventures portfolio company, have teamed up to launch a new pilot feature that simplifies adding payment information at select merchants.

Binance Kazakhstan has secured formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license – bringing our Kazakhstan entity one step closer to becoming the first fully regulated Digital Asset Trading Facility (DATF) in the country. This achievement is a testament to Binance’s commitment to maintaining the highest standards of trust, security, and regulatory compliance.