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Garanti BBVA Romania Implements Allevo FinTP-Instant for Real-Time RON Transfers

Allevo announces the successful deployment of FinTP-Instant  at Garanti BBVA Romania. The solution connects the bank to the Instant Payments service  hosted and operated by TransFonD and processes payments within scheme constraints. 

The Instant Payments service ensures money transfer in a few seconds, the maximum amount  of a payment being 10.000 RON, and 49.999,99 RON for a collection. Such a payment can be  initiated 24/7/365 between customers of Instant Payments participants. 

Wednesday, April 30, 2025 - 12:44
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/news/payments/garanti-bbva-romania-implements-allevo-fintp-instant-real-time-ron-transfers
Financial IT
British Business Bank to Invest £10 Million Alongside Haatch to Support Early-Stage Businesses Across the UK

The British Business Bank has committed £7 million to a new platform enabling it to invest alongside five of the UK’s promising and emerging angel syndicates. The platform will be managed by Haatch, an existing partner of the Bank.

Wednesday, April 30, 2025 - 12:00
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/news/investment/british-business-bank-invest-ps10-million-alongside-haatch-support-early-stage
Financial IT
Finastra Launches Transformation Service to Support Multiple Messaging Standards, Including ISO 20022

Finastra, a global provider of financial software applications, today announced the launch of its Transformation Service, supporting the translation of MT formatted messages to the new ISO 20022 MX messaging standard, among others. The Transformation Service is available to Finastra’s existing and new Financial Messaging customers looking to comply with Swift’s November 2025 deadline for the new cross-border payments and reporting plus (CBPR+) rules.

Wednesday, April 30, 2025 - 10:46
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/news/infrastructure/finastra-launches-transformation-service-support-multiple-messaging-standards
Financial IT
Backbase Launches World's First AI-Powered Banking Platform, Putting Banks Back in Growth Mode

Today, Backbase announces a major industry shift: the launch of the world’s first AI-powered Banking Platform, following the launch of its Intelligence Fabric in September 2024.

Momentum accelerates with the release of its next-generation platform, purpose-built to accelerate growth and efficiency in banking by unifying two mission-critical domains: customer servicing and digital sales.

Wednesday, April 30, 2025 - 10:41
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/news/artificial-intelligence/backbase-launches-worlds-first-ai-powered-banking-platform-putting
Financial IT
FIS Launches Next Generation of Its Enterprise Treasury and Risk Management Platform to Unlock Real-Time Cash Visibility

FIS®, a global leader in financial technology, today announced the launch of its next-generation enterprise treasury platform, Treasury and Risk Manager – Quantum Cloud Edition.

Wednesday, April 30, 2025 - 10:00
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/news/cloud/fis-launches-next-generation-its-enterprise-treasury-and-risk-management-platform-unlock
Financial IT
Prosper Marketplace Announces New $500 Million Forward Flow Agreement

Prosper Marketplace, the first peer-to-peer lending platform in the United States, today announced a $500 million forward flow agreement led by funds managed by affiliates of Fortress Investment Group ("Fortress") alongside Edge Focus. The $500 million forward flow purchase agreement will help Prosper increase access to credit as more borrowers seek a personal loan to refinance high-interest rate credit card debt, for home improvements, or to make a major purchase.

Tuesday, April 29, 2025 - 16:38
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/news/fundraising-news/prosper-marketplace-announces-new-500-million-forward-flow-agreement
Financial IT
Atom Bank Selects Provenir for Risk Decisioning and Data Orchestration
Provenir, a global leader in AI risk decisioning software, today announced Atom bank has selected the Provenir AI Decisioning Platform to streamline and modernize credit risk decisioning and data orchestration.
 
Tuesday, April 29, 2025 - 16:30
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/news/risk-management/atom-bank-selects-provenir-risk-decisioning-and-data-orchestration
Financial IT
Mastercard and Corpay Launch Strategic Partnership in Cross-Border Payments

Mastercard and Corpay today announced an expansion of their partnership to deliver an enhanced suite of corporate cross-border payment solutions.

As a result, Mastercard’s financial institutions and their customers will now have simplified access to robust, end-to-end cross-border payments choices, including carded and non-carded solutions supporting all ticket sizes.

Tuesday, April 29, 2025 - 16:26
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/news/payments/mastercard-and-corpay-launch-strategic-partnership-cross-border-payments
Financial IT
PayPal Brings Together Developers and AI Leaders to Power Agentic Commerce at Dev Days

PayPal Holdings, Inc. announced it is leading the agentic commerce revolution by providing developers and merchants with innovative tools to create next-generation shopping experiences. Developers can now enable agentic AI experiences that allow customers to pay, track shipments, manage invoices, and more, all powered by PayPal and within an AI agent.

Tuesday, April 29, 2025 - 16:22
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/news/artificial-intelligence/paypal-brings-together-developers-and-ai-leaders-power-agentic-commerce
Financial IT
BNP Paribas Signs New 10-Year Partnership With IBM Cloud

BNP Paribas has been hosting IBM Cloud in its data centers since 2019. This partnership has helped the bank to build a trusted and resilient technological infrastructure to support its digital transformation.

Tuesday, April 29, 2025 - 14:07
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/news/cloud/bnp-paribas-signs-new-10-year-partnership-ibm-cloud
Financial IT

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