CFIT Leads the Charge Against Economic Crime with Digital ID Innovation
- 2 weeks 5 days ago
- Security
The Centre for Finance, Innovation, and Technology (CFIT) today reveals details of progress by its industry-wide coalition towards creating a digital company ID that will counter-economic crime and, according to the Government, contribute to the £600M annual addition to the UK economy, from the widespread use of secure digital identities.1
Finfare Inc. Celebrates 3-Year Anniversary with Brand Refresh
- 2 weeks 5 days ago
- Infrastructure
Finfare Inc., the hyper-growth fintech company is celebrating its three-year anniversary with an exciting brand refresh and several industry honors. The brand revamp reflects the company’s evolution and its ongoing commitment to its mission to transform financial experiences, clearing the way for people and businesses to save money, grow, and thrive. Finfare was founded on December 6, 2021 by Wayne Lin, the company’s CEO — and was recently...
Tenity Advances Decentralized Finance (DeFi) Innovation with Broader Investment in the XRP Ledger (XRPL)
- 2 weeks 5 days ago
- Blockchain
Tenity, the global innovation ecosystem and early-stage investor creating the future of finance, is deepening its focus on decentralized finance (DeFi) through its Incubation Fund II, supporting new innovative projects building blockchain-based solutions on the XRP Ledger (XRPL) welcoming Ripple as its new global strategic partner and Limited Partner in the Tenity Inc. Fund II.
Lumin Digital Secures $160 Million in Growth Funding
- 2 weeks 5 days ago
- Fundraising News
Lumin Digital, a leading cloud-native digital banking provider, today announced it has raised over $160M in growth equity financing, led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.
British Business Bank Increases Commitment to Simply Asset Finance to Unlock Over £175M for Smaller UK Businesses
- 2 weeks 5 days ago
- Asset Management
The British Business Bank has announced an increase to its ENABLE Funding commitment to Simply Asset Finance (“Simply”), one of the UK’s largest and fastest growing independent asset finance providers. This increased facility will allow Simply to provide more than £175m of finance to smaller businesses across the UK.
Masttro Launches Next-Gen Platform for Wealth Management
- 2 weeks 5 days ago
- Wealth Management
Masttro, the global leader in wealth tech solutions for family offices, RIAs, wealth managers and wealth owners themselves, today announced the launch of its next-generation platform, setting a new standard for easier and more powerful wealth data management.
MAS Imposes Civil Penalty of $2.4 Million on JPMorgan Chase Bank, N.A. for Misconduct by Its Relationship Managers
- 2 weeks 5 days ago
- AML and KYC
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million on JPMorgan Chase Bank, N.A. (JPM), for failing to prevent and detect misconduct committed by its relationship managers (RMs). In 24 over-the-counter (OTC) bond transactions, the RMs had made inaccurate or incomplete disclosures to clients, resulting in the clients being charged spreads that were above the bilaterally agreed rates.
Envision Credit Union Enhances Self-Service Banking Through Expanded NCR Atleos Relationship
- 2 weeks 5 days ago
- ATMs
NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers, and consumers, today announced that Tallahassee, Fla.-based Envision Credit Union has deepened its relationship with Atleos, selecting Atleos’ ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) solution to streamline operations within the self-service
Twilio Segment Expands Integration with AWS, Empowering Mutual Customers to Build Personalized Engagement Solutions at Scale
- 2 weeks 5 days ago
- Infrastructure
Twilio, the customer engagement platform that drives real-time, personalized experiences for today’s leading brands, today announced at AWS re:Invent 2024 the public beta availability of Linked Audiences in Twilio Segment for Ama
Allfunds Appoints Luis Berruga as Senior Advisor to Drive Strategic Growth
- 2 weeks 5 days ago
- People Moves
Allfunds , a leading B2B WealthTech platform for the funds industry with over €1.4 trillion in assets under administration, offering fully integrated solutions for both Fund Houses and Distributors, today announces Luis Berruga’s appointment as Senior Advisor, to support strategic initiatives and product development, with a focus on the forthcoming ETP platform.
DTCC Announces the Appointment of Michael Winnike to Lead Clearing & Securities Services Strategy and Market Solutions
- 2 weeks 5 days ago
- People Moves
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Michael Winnike as Managing Director, Clearing & Securities Services (CSS), Strategy and Market Solutions. He joins December 2, 2024, and reports to Brian Steele, Managing Director, President, CSS.
Marc Armengol Appointed TSB’s Chief Executive Officer as Robin Bulloch Announces Retirement
- 2 weeks 5 days ago
- People Moves
The TSB Board has today announced the appointment of Marc Armengol as Chief Executive Officer of TSB, subject to regulatory approval. Marc will succeed Robin Bulloch, who will retire after a 45-year career in retail banking, including five years at TSB.
Themis Launches Tathabbat: Saudi Arabia's First AML and KYF/KYC Firm to Help Protect the Kingdom's Economic Expansion
- 2 weeks 5 days ago
- Compliance
Themis, a global leader in financial crime prevention, announces the official launch of Tathabbat. This marks a significant step in Saudi Arabia's compliance landscape, aligning with Vision 2030 and the country's push to adopt world-class Know-Your-Finance (KYF) standards.
Muinmos Expands into the Middle East with Appointment of Nadeem Sa’adeh as Regional Business Development Director
- 2 weeks 5 days ago
- People Moves
Muinmos, a market-leading client onboarding platform provider, is expanding its footprint into the Middle East with the appointment of Nadeem Sa’adeh as Regional Business Development Director. Based in the region, Nadeem Sa’adeh is the RegTech firm’s first hire in the Middle East, where he will play a key role in driving Muinmos’ growth strategy.
Asia-Pacific Financing Partnership Supporting MSMEs Focuses on Women and Climate Finance
- 2 weeks 5 days ago
- Payments
The Asian Development Bank (ADB) and the Mastercard Impact Fund, administered by the Mastercard Center for Inclusive Growth, announced a landmark partnership to promote financial inclusion and access for MSMEs across the Asia-Pacific region. The collaboration will leverage a US$ 5 million grant from the Mastercard Impact Fund to support up to US$ 1 billion of ADB financing to financial institutions for lending toward micro, small, and medium...
