Finastra Integrates AI ESG Scoring Into Trade and Supply Chain Finance Offering With TradeSun
- 1 year 9 months ago
- Trading Systems
Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This results in greater understanding of the sustainability of trade and helps organizations to...
Ozone API and Thistle Initiatives To Help Banks Get Ahead of PSD3
- 1 year 9 months ago
- Compliance
Today, Ozone API, the global open banking leader, and Thistle Initiatives, the award-winning compliance consultancy, announce a strategic partnership to help financial institutions get ahead of impending Third Payment Services Directive (PSD3) and quickly achieve open banking compliance.
Brite Payments Strengthens Leadership Team with Appointment of Luke Trayfoot as Chief Commercial Officer
- 1 year 9 months ago
- People Moves
Brite Payments, a leader in instant bank payments, today announced that Luke Trayfoot has joined the company as Chief Commercial Officer (CCO), leading the Stockholm-headquartered fintech’s commercial efforts. The appointment of the former PayPal and Mangopay executive signifies a new phase in Brite’s journey as it accelerates its growth in markets across Europe.
Zopa Bank Reports First Full Year Profit
- 1 year 9 months ago
- Digital banking
Digital bank Zopa today reports its first full year of profitability. Launched in June 2020, the milestone makes Zopa one of the fastest digital banks in the UK to turn an annual profit. Zopa Bank swung to a pre-tax profit of £15.8 million for the financial year ending 31 December 2023 from a pre-tax loss of £26 million for the year ending 31 December 2022. Total operating income for the same period to 31 December 2023 was £222 million, up 47.8...
Sopra Banking Software Introduces Instant Payments Solution to Power As Many As 1,500 Transactions Per Second for Banks and Financial Institutions
- 1 year 9 months ago
- Payments
Sopra Banking Software (SBS), the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, today announced the availability of its cloud-based Instant Payments solution. The technology enables banks and financial institutions to power secure instant payments for consumers anytime, anywhere.
Bridgewise Secures $21 Million in New Funding to Support the Global Expansion.
- 1 year 9 months 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
- 1 year 9 months 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
- 1 year 9 months 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
- 1 year 9 months 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
- 1 year 9 months 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
- 1 year 9 months 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
- 1 year 9 months 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
- 1 year 9 months 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
- 1 year 9 months 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
- 1 year 9 months 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).
