Octane Closes $200 Million Whole Loan Sale with AB CarVal
- 1 year 1 month ago
- Fundraising News
Octane®, the fintech revolutionizing the buying experience for major recreational purchases, announced today that it has sold a portfolio of $200 million of fixed-rate installment powersports loans to funds managed by
Paxos Introduces Global Dollar (USDG)
- 1 year 1 month ago
- Cryptocurrencies
Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) – a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte. Ltd., will partner with global exchanges, wallets and platforms to...
BlueFlame AI Launches AI-Powered DDQ Manager
- 1 year 1 month ago
- Artificial Intelligence
BlueFlame AI, a leading provider of generative artificial intelligence (Gen AI) solutions for the alternative investment management industry, has announced the launch of its DDQ Manager, a generative AI-powered solution designed to transform the way Alternative Investment Managers handle Due Diligence Questionnaires (DDQs) and Requests for Proposals (RFPs).
TBC UZ Launches Salom Card, Its New Flagship Daily Banking Product
- 1 year 1 month ago
- Payments
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces the soft launch of Salom Card, its flagship debit card product. Salom Card will initially be released exclusively for waiting list subscribers, with full rollout to follow shortly.
Klarna and Zoom Announce Global Launch of Flexible Payments in 16 Markets
- 1 year 1 month ago
- Payments
Klarna, the AI-powered global payments network and shopping assistant, today announces the launch of its flexible payment options for Zoom Workplace, enabling users across the US and multiple European markets* to access Zoom’s premium services with greater financial flexibility. The initiative aims to make digital collaboration more accessible and affordable for businesses and individuals alike.
Allvue Systems Unveils Fund Administration Essentials to Power Growth for Fund Administrators and Their Clients
- 1 year 1 month ago
- Infrastructure
Allvue Systems, LLC, a leading provider of technology solutions for alternative asset managers and fund administrators, is excited to announce the launch of Fund Administration Essentials, an integrated suite of technology solutions purpose-built for emerging fund administrators to enhance operational efficiency and optimize the investor experience.
Zing Launches Automatic and One Tap Top-Ups for All Members
- 1 year 1 month ago
- Infrastructure
International money app Zing has today rolled out two new frictionless, top-up options for members. Automatic and one tap top-ups will utilise open banking variable recurring payments (VRP) to enable members to add funds from seven major banks within 30 seconds.
Trustly Bolsters European Leadership with Appointment of Henrik Wallström as Chief Technology Officer
- 1 year 1 month ago
- People Moves
Trustly, the global leader in Open Banking Payments, is excited to announce the appointment of Henrik Wallström as its new Chief Technology Officer (CTO) for its European operations. Based in Stockholm, Henrik joins Trustly from communications platform Sinch where he served as CTO for the Applications business unit, leading global teams and focusing on integrating acquired companies and creating a shared operating model and technical platform.
Bitget Launches Bitget Pay to Enable Zero-Fees Cross-Border Payments
- 1 year 1 month ago
- Payments
Bitget, the leading cryptocurrency exchange and Web3 company, has just launched its new payment service for instant crypto transactions called Bitget Pay. The release marks the introduction of a contactless, peer-to-peer crypto payment solution exclusive to the Bitget App.
IDEX Biometrics Appoints New Chief Financial Officer
- 1 year 1 month ago
- People Moves
IDEX Biometrics has appointed Kristian Flaten as Chief Financial Officer, effective today. Kristian Flaten brings over 25 years of financial leadership and experience with international business and financing, including from Asian growth markets, a strong focus for IDEX Biometrics. He has a proven track record in corporate finance, debt financing and business development in growth companies.
iDenfy Partners with O2Factoring to Elevate Financial Security for Entrepreneurs
- 1 year 1 month ago
- Security
iDenfy, a Lithuania-based ID verification fraud prevention regulatory company, partnered with O2Factoring, a Dutch-based financial service provider specializing in factoring solutions. The collaboration focuses on integrating advanced identity verification and Anti-Money Laundering (AML) screening solutions to streamline regulatory compliance and deliver a seamless, secure experience for O2Factoring clients.
Unlimit and SHOPLINE Partner to Drive Chinese Merchants' Global Expansion
- 1 year 1 month ago
- Payments
Global fintech Unlimit has formed a strategic partnership with SHOPLINE, a rapidly growing Software-as-a-Service (SaaS) provider, to assist Chinese merchants in expanding their global reach through the integration of new payment processes.
Sygnum’s Crypto Yield Fund Adopts Luxembourg RAIF Structure to Extend Investor Protection and Global Access to Its Market-Neutral Strategy
- 1 year 1 month ago
- Cryptocurrencies
Sygnum, a global digital asset banking group, today announces the successful transition of its Yield Core AMC, a product that invests in yield-generating strategies in crypto, including lending, funding arbitrage and liquidity provision, into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure. This evolution broadens the fund’s international distribution potential, enhances investor protection, and reinforces its already strong...
Finance Veteran Eugene Wong Joins CLARA Analytics to Guide Company Through Its Next Phase of Hyper Growth
- 1 year 1 month ago
- People Moves
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today announced it has hired Eugene Wong as Chief Financial Officer (CFO). Mr. Wong brings over 15 years of finance and operating experience to his new role. He will work closely with CLARA CEO Heather H. Wilson to chart the financial and strategic course of the company amid impressive growth.
Deepfake Fraud Costs the Financial Sector an Average of $600,000 for Each Company, Regula’s Survey Shows
- 1 year 1 month ago
- Fraud Detection
Regula, a global developer of forensic devices and identity verification solutions, reveals new survey findings, “The Deepfake Trends 2024.” The stats highlight the financial impact deepfake fraud has on businesses across industries and countries. While the average loss for most organizations reached $450,000, the Financial Services sector experienced a greater burden, exceeding $603,000.
