Saudi Exchange Market Data Now Available via QuantHouse

• 3 months 1 week ago
• Data

Iress today announced that its QuantHouse division can now deliver real-time market data from the Saudi Exchange.

EPAM Completes Strategic Acquisition of First Derivative, Enhancing AI and Data-Driven Solutions for Financial Services

• 3 months 1 week ago
• Artificial Intelligence, Data

Avaloq and Quadient Partner to Elevate Client Communications for Financial Services

• 3 months 1 week ago
• Infrastructure

Avaloq, a leading provider of software and services for banks and wealth managers, integrates Quadient Inspire as the standard CCM solution for the Avaloq platform

Corpay Completes Cross-Border Payments Acquisition

• 3 months 1 week ago
• Payments

Corpay, Inc., a global S&P 500 corporate payments company, completed the acquisition of GPS Capital Markets, LLC, a business-to-business cross-border solutions provider to upper middle market companies, primarily in the U.S.

Wefox Agrees to Sell Insurance Carrier

• 3 months 1 week ago
• Insurtech

As announced in June 2024, the Liechtenstein-domiciled insurance carrier wefox Insurance AG is no longer part of wefox's core business. wefox has now agreed to sell the insurance company to a group of Swiss companies led by BERAG.

MontyPay Takes Home the "Payment Innovation of the Year" Award for Revolutionizing Global Commerce

• 3 months 1 week ago
• Payments

MontyPay has been awarded the "Payment Innovation of the Year" accolade at the 

Model Risk Management, Canada

• 3 months 1 week ago
• FinTech StartUps

There is a critical need for financial institutions to enhance model risk management amidst evolving regulatory pressures, particularly with OSFI E-23. Delegates from banks, insurance companies, and investment firms are facing significant challenges, including adapting to new regulations, effectively quantifying and managing climate risks, and integrating AI and machine learning into their risk frameworks.

CFIT Leads the Charge Against Economic Crime with Digital ID Innovation

• 3 months 1 week ago
• Security

The Centre for Finance, Innovation, and Technology (CFIT) today reveals details of progress by its industry-wide coalition towards creating a digital company ID that will counter-economic crime and, according to the  Government, contribute to the £600M annual addition to the UK economy, from the widespread use of secure digital identities.1  

Lumin Digital Secures $160 Million in Growth Funding

• 3 months 1 week ago
• Fundraising News

Lumin Digital, a leading cloud-native digital banking provider, today announced it has raised over $160M in growth equity financing, led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.

Tenity Advances Decentralized Finance (DeFi) Innovation with Broader Investment in the XRP Ledger (XRPL)

• 3 months 1 week ago
• Blockchain

Tenity, the global innovation ecosystem and early-stage investor creating the future of finance, is deepening its focus on decentralized finance (DeFi) through its Incubation Fund II, supporting new innovative projects building blockchain-based solutions on the XRP Ledger (XRPL) welcoming Ripple as its new global strategic partner and Limited Partner in the Tenity Inc. Fund II.

Finfare Inc. Celebrates 3-Year Anniversary with Brand Refresh

• 3 months 1 week ago
• Infrastructure

Finfare Inc., the hyper-growth fintech company is celebrating its three-year anniversary with an exciting brand refresh and several industry honors. The brand revamp reflects the company’s evolution and its ongoing commitment to its mission to transform financial experiences, clearing the way for people and businesses to save money, grow, and thrive. Finfare was founded on December 6, 2021 by Wayne Lin, the company’s CEO — and was recently...

British Business Bank Increases Commitment to Simply Asset Finance to Unlock Over £175M for Smaller UK Businesses

• 3 months 1 week ago
• Asset Management

The British Business Bank has announced an increase to its ENABLE Funding commitment to Simply Asset Finance (“Simply”), one of the UK’s largest and fastest growing independent asset finance providers. This increased facility will allow Simply to provide more than £175m of finance to smaller businesses across the UK.

Masttro Launches Next-Gen Platform for Wealth Management

• 3 months 1 week ago
• Wealth Management

Masttro, the global leader in wealth tech solutions for family offices, RIAs, wealth managers and wealth owners themselves, today announced the launch of its next-generation platform, setting a new standard for easier and more powerful wealth data management.

MAS Imposes Civil Penalty of $2.4 Million on JPMorgan Chase Bank, N.A. for Misconduct by Its Relationship Managers

• 3 months 1 week ago
• AML and KYC

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million on JPMorgan Chase Bank, N.A. (JPM), for failing to prevent and detect misconduct committed by its relationship managers (RMs). In 24 over-the-counter (OTC) bond transactions, the RMs had made inaccurate or incomplete disclosures to clients, resulting in the clients being charged spreads that were above the bilaterally agreed rates.

Envision Credit Union Enhances Self-Service Banking Through Expanded NCR Atleos Relationship

• 3 months 1 week ago
• ATMs

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers, and consumers, today announced that Tallahassee, Fla.-based Envision Credit Union has deepened its relationship with Atleos, selecting Atleos’ ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) solution to streamline operations within the self-service