BlackRock to Acquire Preqin, Leading Private Markets Data Solutions Provider
- 7 months 1 week ago
- Trading Systems
BlackRock, Inc. has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider.
CommBank Invests Over $60 Million on Bank Branches in FY24
- 7 months 1 week ago
- Infrastructure
With Australia’s largest bank branch and ATM network, and a moratorium to keep regional branches open until at least the end of 2026, CommBank has increased its investment in upgrading its network. More than $60 million was invested over the 2024 financial year, with $17 million in refurbishments undertaken in the June quarter alone.
Clearstream, DekaBank, and DZ Bank Successfully Issue Tokenised Bonds on DLT at ECB Trials
- 7 months 1 week ago
- Cryptocurrencies
Clearstream, DekaBank and DZ Bank have jointly issued two tokenised €5-million bonds using distributed-ledger technology (DLT). The issuances took place in the context of the ECB trials aimed at exploring the potential of DLT for settling wholesale transactions in central bank money.
Travel Debit Card Currensea Smashes Crowdfunding Target in Just Four Hours as It Raises Over £1.7m on Seedrs
- 7 months 1 week ago
- Fundraising News
Travel debit card Currensea has surpassed its crowdfunding target in just four hours after launching on the Seedrs platform. Currensea, a money-saving travel card linked to existing current accounts, has already raised over £1.7m from 760 investors.
Conio, in Partnership with Mesh, Launches Europe's First Open Banking Solution for Bitcoin: a Unified Gateway to Leading Global Crypto Platforms
- 7 months 1 week ago
- Cryptocurrencies
Mesh, a US-based fintech company offering integrations with over 300 leading exchanges and wallets that recently completed a $22 million Series A round and received a $6.5 million strategic investment from PayPal Ventures, and Conio, the Italian fintech company backed by Poste Italiane and Banca Generali, which introduced Italy's first Bitcoin and digital assets wallet, announce today the launch Europe’s first Open Banking solution for Bitcoin.
Complexity Crisis: New Detected Study Reveals KYB Needs a Tech Upgrade
- 7 months 1 week ago
- AML and KYC
Detected, a fintech reinventing how companies think about business onboarding, has released a new study highlighting the key challenges and future trends in the Know Your Business (KYB) sector. The findings reveal that the most common problem with KYB is the complexity of the process and AI and automation are set to transform business operations by 2027.
UK Credit Card Trends 2023-24: FICO Data Shows Rising Spend and Missed Payments
- 7 months 1 week ago
- Payments
The last year has been challenging for UK households balancing budgets against rising fuel costs, spiralling inflation and wage pressures. Analysis by global analytics software firm FICO of its proprietary UK credit cards data for March 2023 to March 2024 illustrates the impact these pressures have had on credit card usage and debt management.
Snappi Receives Banking License from the European Central Bank
- 7 months 1 week ago
- Banking
snappi, the pioneering Greek neobank, announces that it has received a universal banking license from the European Central Bank (ECB), following the proposal of the Bank of Greece. The regulator's approval comes as the first milestone in snappi's plans to provide next-generation financial services.
Mastercard and Wilson Sonsini Fintech Experts to Join Pomelo Group Advisory Board
- 7 months 1 week ago
- People Moves
Mambu Announces Appointment of Mark Geneste as Chief Revenue Officer
- 7 months 1 week ago
- People Moves
Mambu, a leading cloud banking platform, announces the appointment of Mark Geneste as Chief Revenue Officer to lead its commercial team. Geneste’s appointment is expected to drive growth and strengthen Mambu's position in the market, further enhancing its reputation as a leader in the banking technology sector.
Allica Bank Partners with Westcor International to Launch Title Indemnity Insurance and Cut Application Times
- 7 months 1 week ago
- Insurtech
Allica Bank has partnered with leading title insurance provider Westcor International to introduce their Perfect Title insurance product across its commercial mortgage range from 1st July 2024. The move will help to significantly reduce lending times for new property purchases up to a maximum value of £1.5 million with an LTV of up to 60%. It will also apply to any refinance application, regardless of loan amount or LTV.
Bloomberg Introduces Sustainability Tools into Its Portfolio and Risk Analytics Solutions
- 7 months 2 weeks ago
- Management
Bloomberg today announced the release of new tools to help investors measure, manage and report on the sustainability characteristics of investment portfolios. The tools are accessible within Bloomberg’s widely-used portfolio and risk analytics solutions, PORT, which is available to all Terminal users, and the premium offering PORT Enterprise, for those seeking an integrated enterprise reporting solution.
Bondaval Releases Trade Credit Policy That Delivers Greater Certainty Over Credit Risk Cover, Without the Admin Burden
- 7 months 2 weeks ago
- Insurtech
Bondaval, a leading insurtech offering payment default protection powered by technology, is launching its first trade credit insurance product. With the help of intelligent tools and guidance built into the Bondaval platform, users are equipped to effortlessly manage their policy obligations, understand what actions they need to take, and achieve greater certainty over their cover.
Oxbury Achieves First Full Year of Profitability Just Three Years Since Launch
- 7 months 2 weeks ago
- Banking
Oxbury, Britain’s first and only fintech 100% dedicated to farming, with a full UK banking licence and powerful AgTech proposition supporting agriculture’s critical transition to net zero, has reported is financial results for 2023, achieving annual profitability for the first time – with over £3 million of pre-tax profit.
Zafin Recognized as the Winner of 2024 Microsoft ISV Innovation - Americas Partner of the Year Award
- 7 months 2 weeks ago
- Financial
Zafin, the leading provider of SaaS core modernization and transformation solutions for banks, today announced it has won the 2024 Microsoft ISV Innovation - Americas Partner of the Year Award. Zafin received recognition among a group of top Microsoft partners for demonstrating innovation and successfully delivering customer solutions using Microsoft technologies.
