Mphasis Collaborates with AWS to Launch Gen AI Foundry for Financial Services
- 1 week 2 days ago
- Artificial Intelligence
Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced a multi-year global agreement with Amazon Web Services (AWS).
Pioneering Initiative Launches to Accelerate Disability Inclusion in Fintech
- 1 week 2 days ago
- Infrastructure
Project Nemo, a pioneering disability inclusion initiative launches today, urging the fintech industry to better serve the UK’s largest minority and accelerate disability inclusion efforts.
HSBC Achieves 15% Uplift in Monthly Card Spend Using FICO's AI-Powered Optimization
- 1 week 2 days ago
- Payments
Today at FICO® World, the industry's leading analytic and AI event, FICO announced that HSBC, one of the world’s largest banking and financial services organizations, has used AI-powered mathematical optimization technology to grow its credit card portfolio. The project saw a 15% uplift in monthly spending by customers on their cards, as well as improvements in active card use and share of wallet, without increasing bad debt.
BNY Mellon Collaborates with Accenture to Drive Accelerated Growth for Clients
- 1 week 2 days ago
- Infrastructure
BNY Mellon, the global financial services company, is collaborating with Accenture, a leading professional services company, to modernize financial services offerings with an initial focus on data management and analytics product development and delivery. The companies will use leading technologies to unleash the power of data at new speed to help their joint clients drive accelerated growth.
SBI SECURITIES Selects Broadridge's Post-trade Solution for its Equities Brokerage Services in the UK
- 1 week 2 days ago
- Trading Systems
Global Fintech leader Broadridge Financial Solutions, Inc. today announced that SBI SECURITIES Co., Ltd. has selected Broadridge’s post-trade solution to launch its equities brokerage services to clients in the UK, through its subsidiary SBI Shinsei International Limited. This is in addition to the existing relationship with Broadridge to process Japanese equities transactions in Hong Kong and Singapore.
Lloyds Bank Appoints New Head of Commercial Cards, Business & Commercial Banking
- 1 week 2 days ago
- People Moves
Lloyds Bank Business & Commercial Banking has appointed Linda Weston as Head of Commercial Cards. Starting in June, Linda will be based in London and report into Chris Loring, Managing Director, Lending & Working Capital.
docStribute Appoints ex-Group CIO of Newcastle Building Society as Non-Executive Director
- 1 week 2 days ago
- People Moves
London-based RegTech company, docStribute, today announces the appointment of Manila McLean to the board of the Company as an independent Non-Executive Director with effect from 15 April 2024.
SC Ventures Makes Strategic Investment in Algbra, Establishes Partnership With Its UK Sustainable Finance Platform Shoal
- 1 week 2 days ago
- Fundraising News
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has announced a strategic investment in Algbra, an ethical finance-focused and sharia-compliant UK-based fintech. As part of the agreement, Shoal, SC Ventures’ sustainable finance platform, will partner with Algbra. The terms of the deal are undisclosed.
Fils and Aion Announce Strategic Partnership to Help Financial Institutions Integrate ESG Principles into Services Across the Middle East
- 1 week 2 days ago
- Banking
Fils, a pioneering force in climate-positive transactions, empowering businesses of all sizes to embed climate-positivity into transactions using their APIs, is thrilled to announce a strategic partnership with Aion, a leader in digital banking solutions. This groundbreaking collaboration aims to set new standards in sustainable finance, leveraging cutting-edge technology to drive meaningful change in the financial industry across the MENA...
Frollo Calls for Use Case-Based Approach to Improve Open Banking Data Quality
- 1 week 2 days ago
- Open Banking
Frollo, Australia's leading Open Banking provider, calls for a collaborative, use case based approach to enhancing data quality in the country's Consumer Data Right (CDR) ecosystem. With nearly four years of experience in the space, Frollo has a unique vantage point on data access and quality in the Consumer Data Right.
Tabs Secures $7M in Seed Funding Led By Lightspeed to Advance its AI-powered B2B Accounts Receivable Platform
- 1 week 4 days ago
- Fundraising News
Tabs, an Accounts Receivable (AR) platform for B2B businesses, today announced a $7 million seed funding round led by Lightspeed Venture Partners. This brings the company’s total amount raised to $12 million, including a pre-seed round from Primary Ventures. The investment will fuel Tabs' mission to reimagine B2B AR processes at a critical time when most businesses struggle to collect cash and find profitability.
EQT to Sell Rimes, a Global Leader in Enterprise Data Management Solutions for the Investment Industry, to Five Arrows
- 1 week 4 days ago
- Infrastructure
EQT is pleased to announce that EQT Mid Market Europe ("EQT"), together with its co-shareholders, has agreed to sell Rimes to the Five Arrows Long Term Fund and Five Arrows Principal Investments (together "Five Arrows"). Five Arrows is the alternative assets arm of Rothschild & Co.
FloQast Secures $100 Million in Series E Funding, Achieving $1.6 Billion Valuation
- 1 week 4 days ago
- Fundraising News
FloQast, a Finance and Accounting Operations Platform provider created by accountants for accountants, today announced the successful closure of its Series E funding round, raising $100 million. The round was led by ICONIQ Growth, with Roy Luo, representing ICONIQ Growth, joining FloQast’s Board of Directors. BDT & MSD Partners and WiL (World Innovation Lab) also join as first-time investors, alongside the continued participation from board...
Token.io Bolsters Executive Team with Key Appointments
- 1 week 4 days ago
- People Moves
Leading account-to-account (A2A) payment infrastructure provider Token.io has announced the appointment of three executives to its senior leadership team, positioning the company for further growth. The company is pleased to welcome Ronnie d'Arienzo as Chief Commercial Officer, Tatiana Okhotina as Chief Financial Officer, and Tim Corke's transition from Chief Customer & Strategy Officer to Chief Operations Officer.
Revolutionizing Security: Veridas Unveils Voice Shield to Combat Voice Fraud
- 1 week 4 days ago
- Fraud Detection
Veridas is launching a Voice Shield solution to provide an efficient and ready-to-use service for this problem. With over 5 million processes worldwide with voice biometrics alone, Veridas brings “Voice Shield” to the market as the highest level of anti-fraud technology.
