Scalable Capital Launches Own World ETF Together With DWS and MSCI to Rethink Global Investing
- 15 hours 36 min ago
- Fundraising News
As the first digital investment platform in Germany Scalable Capital launches its own global equities core ETF, the “Scalable MSCI AC World Xtrackers UCITS ETF”. Scalable Capital advises the asset manager DWS on the construction and replication of the portfolio for the new ETF. DWS is one of the largest providers of ETFs through its Xtrackers brand. The underlying All Country World Index (AC World or ACWI) is provided by MSCI, a leading provider...
SandboxAQ Announces More Than $300 Million of Funding to Drive Next Era of AI
- 16 hours 56 min ago
- Fundraising News
SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis.
Best Egg Gets $1 Billion in Funding From AB CarVal Affiliates to Help More People Access Vehicle Equity Loans
- 17 hours 6 min ago
- Fundraising News
Best Egg, a leading fintech that drives financial confidence, announced today the successful arrangement of a $1 billion purchase facility to help offer more vehicle equity loans that let people use their car’s value as collateral to borrow money. This commitment, led by funds managed by affiliates of AB CarVal, entails a forward-flow purchase commitment for loans facilitated through the Best Egg platform.
Bitget Partners With Fiat24 to Advance PayFi Solutions for Crypto
- 18 hours 6 min ago
- Payments
Bitget, the leading cryptocurrency exchange, and Web3 company, has announced a strategic partnership with Fiat24, a Swiss-regulated fintech company that develops modern banking solutions powered by blockchain technology. The collaboration focuses on exploring PayFi solutions for major cryptos like Ethereum (ETH) and Bitget Token (BGB), as well as stablecoins such as USD Coin (USDC).
Thredd Strengthens Global Leadership With Strategic Senior Appointments
- 18 hours 11 min ago
- People Moves
Thredd, a leading next-generation global payments processor, today announced four strategic senior appointments to its leadership team, reinforcing its commitment to delivering world-class expertise in supporting fintech organisations and programme managers worldwide.
Klarna Partners With Iconic Luxury Retailers Neiman Marcus and Bergdorf Goodman
- 18 hours 16 min ago
- Lending
Klarna, the AI-powered global payments network and shopping assistant, has partnered with Neiman Marcus, one of the largest luxury retailers in the U.S., and famed New York City-based Bergdorf Goodman to offer its range of flexible payment methods online.
TBC Bank Uzbekistan Secures $37M Equity Investment, Making 2024 a Record Year
- 22 hours 36 min ago
- Fundraising News
TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces a $37 million equity investment from its majority shareholder London-listed TBC Bank Group PLC (TBC Group). This capital brings the total new equity funding secured in 2024 to $75 million, setting a new annual record for TBC UZ.
Trulioo Transactions Surge 34% for Global Marketplaces, 21% for Payments Enterprises in 2024
- 23 hours 16 min ago
- Payments
Trulioo, an industry-leading identity platform with proven global coverage for
Cytora and Moody’s RMS Partner to Help Insurers Weather Climate and Natural Disaster Risk
- 1 day 15 hours ago
- Insurtech
Cytora, the leading digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moody’s RMS.
ING Appoints Debbie Janeczek as Chief Information Security Officer (CISO)
- 1 day 15 hours ago
- People Moves
ING announced today that it has appointed Debbie Janeczek as chief information security officer (CISO), effective 13 January 2025. Debbie is joining from Swift, the messaging network used for international transactions between banks, where she was the chief security officer. Debbie has worked for industry-leading financial services, technology companies, and top government organizations, where she has built and executed security strategies and...
Visa Completes Acquisition of Featurespace
- 1 day 15 hours ago
- Payments
Visa today announced it has completed its acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payment protection technology that prevents and mitigates payments fraud and financial crime risks. This will bolster Visa’s fraud protection capabilities and enhance security for its customers and consumers worldwide.
Increased Regulation and Embedded Finance Predicted as the Top Fintech Trends for 2025 by Mambu and Partners
- 1 day 15 hours ago
- RegTech
The report identifies the top trends for 2025 including the increased adoption of AI, embedded finance, and real-time payments. The report also highlights other influential areas poised to reshape the financial landscape including emerging regulations, blockchain, and alternative lending.
Independent Research Firm Names Temenos a Leader in Digital Banking Processing Platforms
- 1 day 15 hours ago
- Banking
Temenos today announced that it has been named a Leader in The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024. According to Temenos, this reflects the flexibility and rich functionality of its comprehensive core banking solutions, which are further enhanced by a strong partner ecosystem and Temenos’ continued investment in innovation.
Alibaba Cloud Named a Leader in Public Cloud Platforms Report
- 1 day 18 hours ago
- Cloud
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has been recently named a Leader in The Forrester Wave™: Public Cloud Platforms Q4 2024 report. Alibaba Cloud believes this designation recognises its depth of its cloud and AI offerings and strategy, its significant global presence, as well as the ability to provide its global customers with a wide range of products and services. This is the first time Alibaba...
Cloudera Partners with the Bank of Georgia to Drive Data-Driven Product Development
- 1 day 19 hours ago
- Banking
Data is at the heart of Bank of Georgia’s operations, informing everything from its customer relations to product development. Using Cloudera to bring multiple data sources into one centralised location, the bank can provide intelligent and personalised customer experiences and effectively utilise data to drive innovation.
