Bridgewise Secures $21 Million in New Funding to Support the Global Expansion.
- 10 months 1 day ago
- Fundraising News
Bridgewise, the innovative AI-based analysis platform for global securities, has announced the completion of a $21 million funding round, bringing its total capital raised to $35 million. The round was led by SIX Group with participation from Group11, L4 Venture Builder, and other global financial institutions.
Order.co Launches Revamp of Accounting Integrations, Now With Support for Multi-Entity Operations
- 10 months 1 day ago
- Accounting
Order.co, a leading AI-enhanced procurement and accounts payable software, announced the complete redesign of its accounting integration, a significant improvement set to revolutionize financial management for multi-entity businesses.
UK Finance Announces New Regulated Liability Network Experimentation Phase
- 10 months 1 day ago
- Cryptocurrencies
UK Finance has today announced work on a new UK Regulated Liability Network (RLN) experimentation phase with eleven of its members. The UK RLN is envisaged as a common ‘platform for innovation’ across multiple forms of money, including existing commercial bank deposits and a shared ledger for tokenised commercial bank deposits.
Baker Hill Appoints Sheila Simpson as Chief Human Resources Officer
- 10 months 2 days ago
- People Moves
Baker Hill, a leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, has expanded its executive team with the hire of Sheila Simpson as the company's new Chief Human Resources Officer.
CFCU Leverages Pulsate’s Mobile-first, Personalized Member Engagement Solutions through the Constellation Digital Banking Platform
- 10 months 2 days ago
- Digital banking
Pulsate, provider of mobile-first engagement solutions that deepen digital banking relationships and cut through noise in consumers’ moments of need, announced today that CFCU Community Credit Union (CFCU) has chosen Pulsate as its premier marketing engine for its ability to meet individual members’ needs throughout all phases of life.
Lloyds Bank Completes its First Wavebl Electronic Bill of Lading Transaction
- 10 months 2 days ago
- Transaction Banking
Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation.
EquiLend Launches Orbisa Securities Lending Data on Bloomberg Terminal
- 10 months 2 days ago
- Lending
EquiLend, the global technology, data and analytics company for the securities finance industry, today announced that it has launched Orbisa securities lending data on the Bloomberg App Portal.
Yuno Partnership Supercharges inDrive's Latin American Expansion
- 10 months 2 days ago
- Payments
inDrive, a global mobility and urban services platform, has successfully expanded into 10 countries in Latin America in less than eight months with payments orchestration support from Yuno. This new milestone is announced at Web Summit Rio 2024, which launches today, and is set to welcome both Yuno CEO Juan Pablo Ortega and inDrive CEO Arsen Tomsky as speakers.
FloodFlash Launches New Business Interruption Coverage Ahead of Hurricane Season
- 10 months 2 days ago
- Insurtech
Ahead of the 2024 Atlantic hurricane season, FloodFlash, the first insurance technology company to offer sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage in the United States. With a widely predicted hyperactive hurricane season, many experts anticipate huge losses from property damage and BI that could devastate businesses and communities for months on end.
Mphasis Collaborates with AWS to Launch Gen AI Foundry for Financial Services
- 10 months 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
- 10 months 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
- 10 months 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
- 10 months 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
- 10 months 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
- 10 months 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.
