Broadridge Launches Instant Payments Service, Aligned with New EU Regulations
- 1 year 2 months ago
- Payments
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the launch of its highly resilient and scalable managed service for connectivity, message processing and workflow management for instant payments. The Broadridge service supports real-time money transfers, operating 24/7/365, with transaction processing times of under 10 seconds from payer to beneficiary.
Swift Cross-Border Payment Processing Speed Stretches Further Ahead of G20 Target
- 1 year 2 months ago
- Payments
Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour.
Finastra and LPBank Modernize Treasury Management Operations in Record Time
- 1 year 2 months ago
- Banking
Finastra, a global provider of financial services software applications, has announced the implementation of its front-to-back treasury solution, Kondor, at Fortune Vietnam Joint Stock Commercial Bank (LPBank) to modernize the bank’s treasury management operations and capabilities. This strategic collaboration is part of LPBank’s concerted effort to accelerate its digital transformation strategy and enhance its competitiveness in the market.
UK Finance Leaders Reveal Friction in Global Spend and Expense Management Holds Their Business Back
- 1 year 2 months ago
- Management
The vast majority of UK finance leaders (95 percent) struggle to manage their global spending due to disconnected management tools and manual processes, according to a new report released by Airwallex, the leading global payments and financial platform for modern businesses.
BVNK and Circle Partner to Expand USDC Utility for Global Business Payments
- 1 year 2 months ago
- Payments
BVNK, the payments infrastructure provider, and Circle, a global financial technology firm, today announced a partnership aimed at accelerating the utility of USDC for BVNK’s global customer base. BVNK will integrate USDC more deeply into its payment offerings, enabling businesses to leverage USDC’s speed and stability for a variety of payment use cases.
Helena Warne Joins Bibby Financial Services to Drive Growth for SMEs in Wales
- 1 year 2 months ago
- People Moves
Bibby Financial Services (BFS) has appointed Helena Warne as Business Development Manager for Wales to grow its funding support for businesses throughout the country. Helena brings over 25 years of financial services experience to her new role. At Lloyds Banking Group she covered the Wales region for seven years, specialising in Invoice Finance. And in her role as Area Director, Helena led a team of over 10 commercial banking relationship...
Nasdaq Integrates AI to Simplify and Accelerate Bank and Insurance Risk Calculations
- 1 year 2 months ago
- Risk Management
Nasdaq today announced it has developed an innovative new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning capability. The functionality will be integrated into Nasdaq’s Calypso platform, which is used by banks, insurers, and other financial institutions globally to access capital markets, process front-to-back office treasury workflows, manage risk, and meet...
Consumers’ Capacity to Save Fell by 25.5% Over the Last Year as Recent Inflationary Pressures Continue to Take Their Toll
- 1 year 2 months ago
- Personal Finance
The latest proprietary insight from Moneyhub, the market-leading data and payments platform’s Financial Wellness Tracker, reveals that consumer capacity to save without making any changes to their overall spending behaviour fell 25.5% over the 12 months to end September 2024. Simultaneously, total cash held in savings dropped by 11.6% as the recent turbulent financial times continued to play out and inflation persistently remains above the...
Worldline Launches “Bank Transfer by Worldline,” a New Account-to-Account Payment Method in 14 European Countries by End of 2024
- 1 year 2 months ago
- Payments
Worldline, a global leader in payment services, today announces the launch of its account-to-account payment method named “Bank Transfer by Worldline”. The solution enables retailers to accept payments and completes the existing payment options offered to merchants. It also effectively addresses specific payment scenarios that traditional methods typically cannot accommodate, including invoices and high-value transactions. It delivers a seamless...
Yuno Welcomes Former Uber and JP Morgan Director to Lead APAC Partnerships and Drive Regional Growth
- 1 year 2 months ago
- People Moves
Yuno, the world’s leading payment orchestration platform, today announced the appointment of SheueChee Beh as its new Head of Partnerships for APAC. This move doubles down on the company’s commitment to scaling its presence in Asia-Pacific.
Lowell Enhances Its Debt Collection Operations with a New Three-Year SaaS Partnership Extension with Tietoevry Banking
- 1 year 2 months ago
- Banking
Lowell, one of the largest credit management companies in Europe, has signed a 3-year extension of its contract with Tietoevry Banking for Collection Suite Nova, the market leading end-to-end collection solution driving growth. The new contract ensures continued use of Collection Suite Nova delivered as Software as a Service (SaaS) from Tietoevry’s private cloud. The agreement covers service in Sweden.
Swift to Launch AI-Powered Fraud Defence to Enhance Cross-Border Payments
- 1 year 2 months ago
- Payments
Swift today announced that it is rolling out new AI-enhanced fraud detection to help the global payments industry step up its defence as bad actors grow increasingly sophisticated.
Bridgepoint to Reinvest in Kyriba, Alongside New Minority Investor, General Atlantic
- 1 year 2 months ago
- Infrastructure
Bridgepoint, one of the world's leading quoted private asset growth investors, and Kyriba, the global leader in liquidity performance, today announced that Bridgepoint will reinvest in Kyriba following a period of record growth for the business and will remain the majority shareholder. In addition, Bridgepoint and Kyriba will welcome a new minority investor, General Atlantic, a leading global growth investor.
Accelerating AI Advancement: Abu Dhabi’s Innovation Champions & Tech Pioneers Shine Bright at GITEX GLOBAL 2024
- 1 year 2 months ago
- FinTech StartUps
Abu Dhabi’s innovation champions and tech pioneers exhibited the brand-new services and solutions destined to reshape the future at GITEX GLOBAL 2024. As the Emirate consolidates its global leadership position in the emerging AI economy, some of the UAE capital’s proudest companies showcased a plethora of AI-based advancements designed to drive digital transformation across the nation and beyond.
SoFi Technologies to Adopt Galileo’s Cyberbank Core for New Commercial Payment Services Sponsor Banking Program
- 1 year 2 months ago
- Banking
SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that empowers members to borrow, save, spend, invest, and protect their money, today announced its adoption of Galileo’s modern, cloud-based Cyberbank Core to power
