BindHQ partners with Ascend to modernise broker management and financial operations
The partnership will leverage BindHQ's all-encompassing management technology along with Ascend's portfolio of automation solutions to optimise payments and…
Automation
Kinsted Wealth taps Objectway for fully integrated client and investment management platform
By offering investors omnichannel interaction, client engagement and front-office productivity, Objectway will deliver better client experience with digital front-end…
Why CFOs are so worried – and how comprehensive AI solutions can help
A range of macroeconomic challenges is making life hard for modern CFOs – as a major new survey by…
Finix rolls out Merchant Underwriting solution to automate underwriting workflows
Finix's newest solution streamlines the labour-intensive process of onboarding businesses for payment acceptance, ensuring compliance with constantly evolving regulations…
WorkFusion launches GenAI-powered Digital Workers to combat financial crime
AI Digital Workers supports AML teams in combating financial crime as well as support regulatory compliance for banking and…
Finastra integrates AI ESG scoring into trade and supply chain finance offering with TradeSun
The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the…
Lichen China launches AI-powered software for financial and taxation solutions
Lichen AI Robot will serve as the Company's virtual financial and tax advisor in the future, providing tailored financial and…
nCino’s single platform selected by Desjardins to automate loan origination process through machine learning
After implementing nCino’s Small Business and Commercial Banking Solutions in 2022, Desjardins has been able to increase the speed…
nCino to buy commercial bank account opening software provider DocFox
According to nCino, its integration into DocFox will help financial institutions to unify and intelligently oversee the complete client…
Corporate Finance
Altruist secures $169m in Series E round at $1.5bn valuation
The financing round was led by ICONIQ Growth and had the participation from new investor Granite Capital Management along…
Real estate fintech Backflip raises $15m in Series A
The funding round also had participation from the fintech’s previous investors including LiveOak Venture Partners, Vertical Venture Partners, Revel…
QI Tech gets unicorn status after Series B extension round led by General Atlantic
The Series B extension round also had participation from Across Capital
Consumer fintech Pomelo secures $35m in Series A
The venture capital and additional funding for warehouse facility have been raised from Vy Capital, Founders Fund, and A*…
Turkish retail investing startup Midas secures $45m in Series A
Led by Turkish fintech Portage, the financing round had the participation from International Finance, Spark Capital, Revo Capital and…
Financial infrastructure innovator finmid emerges from stealth with €35m funding
Established in 2021, finmid allows any B2B software platform to provide funding to their customers at scale to bolster…
AI-driven accounting platform FundGuard secures $100m in Series C
The financing round was led by Key1 Capital and new investors including Euclidean Capital and funds overseen by Hamilton…
BharCap Partners snaps up Red Oak Inventory Finance from ECN Capital
BharCap Partners said that the collaboration facilitates opportunities for optimised processes, improved efficiency, and innovative financial products
German fintech firm NX Technologies secures €22m in Series B
The financing round was led by PayPal Ventures and included the participation of Seaya Ventures, Walter Ventures, and NX…
Data & Analytics
Rivian secures $827m incentive package to expand Illinois EV plant
Secured from the State of Illinois Department of Commerce and Economic Opportunity, the funding will enable the company to…
Finxact and Zafin team up to enhance capabilities and drive core banking transformation
The partnership between the companies is expected to offer better opportunities for banks currently utilising disparate core systems by…
FINTRAC imposes administrative monetary penalty on The Toronto-Dominion Bank
The administrative monetary penalty has been paid in full by The Toronto-Dominion Bank and proceedings have ended
Sanctuary Wealth acquires Oregon-based tru Independence
The combined entity will support around 120 independent wealth management firms managing over $42bn of client assets across 30…
Fingerprint and Oscilar partner to enhance fraud prevention capabilities for fintechs
The collaboration will empower fintech companies, banks, and credit unions to integrate Fingerprint's device intelligence into multiple user interactions…
Finastra taps OpenFin to advance user experiences for Kondor clients
The financial software applications and marketplaces provider aims to leverage OpenFin's technology to bolster Kondor's visual real estate with…
Orion Innovation inks key deal with BNI Madagascar for financial services modernisation
As part of the agreement, Orion will implement Temenos' cloud-based core banking platform into BNI's operations, modernizing its product…
BlackRock, PIF to establish BlackRock Riyadh Investment Management
The multi-asset class investment platform will be anchored by an initial investment mandate of up to $5bn from the…
Genpact joins forces with Microsoft to propel finance transformation across enterprises
Through the collaboration, both parties aim to foster innovation for finance organisations across the globe by focusing on using…
Digital Transformation
Ushur introduces digital engagement for KYC and paperless enrollment
KYC regulations require financial institutions to continually verify the accuracy of customer records, such as phone numbers and addresses
Finastra, ScotPayments collaborate to combat fraud with Bacsactive-IP CoP service
Finastra, ScotPayments collaborate to combat fraud with Bacsactive-IP CoP service
NAB wraps up sale of New Zealand wealth management business to FirstCape
FirstCape has been formed via the consolidation of NAB’s JBWere New Zealand and BNZ Investment Services enterprises, along with…
Sumitomo, SMFL and Gogoro to explore partnership to accelerate Gogoro’s global business expansion
Gogoro utilizes big data from its innovative smart batteries and battery swapping platform to transform energy and make it…
HCLSoftware to digitally transform customer engagement for State Bank of India
Under the five-year agreement, HCLSoftware will also implement the HCL Unica platform to help SBI in digitally modernising its…
GTCR to take AssetMark Financial private in $2.7bn deal
Based in California, US, AssetMark Financial operates a wealth management platform that supports independent financial advisors and their clients
Honda to invest $11bn in Canada to boost EV value chain
Honda Motor has commenced assessments of the requirements needed to set up an advanced and environmentally responsible Honda EV…
Deutsche Börse and Nodal Exchange partner to offer premium range of market data
This offering will include major power hubs across the United States as well as renewable energy certificates, carbon emission…
Finastra launches Next Gen Mobile Banking software for credit unions and community banks
Next Gen Mobile Banking has been rolled out for financial institutions enrolled in Finastra's pilot programme
FDI & Globalisation
US DoE closes $362m loan to CelLink for production of EV supply chain components
Located in Georgetown, Texas, the plant will produce advanced flexible circuit wiring harnesses, designed to be lighter and more…
Financial crime intelligence firm ComplyAdvantage acquires Golden Recursion
Through the acquisition of Golden Recursion, ComplyAdvantage aims to expand its financial crime intelligence offering
Finance in Motion and Napier AI partner on AML for secure impact investments
Napier AI is providing its Client Screening solution and Client Risk Assessment module as part of the Napier AI…
Standard Chartered introduces Open Banking Marketplace to expedite API adoption
The Open Banking Marketplace is a one-stop platform that allows both existing and potential customers to explore, identify, and…
ZestyAI to offer precision risk assessment for Florida Peninsula Insurance
Under the terms of the agreement, Florida Peninsula Insurance will utilise ZestyAI's advanced property analytics solutions for a deeper…
Together taps nCino to transform lending business
Together’s product range encompasses mortgages, buy-to-let, short-term finance, commercial and semi-commercial mortgages and loans, auction finance and development funding…
ABB E-mobility fast EV chargers open for vehicles at Vermont’s first NEVI site
Located in downtown Bradford, residents, workers, and visitors can conveniently recharge their electric vehicles within walking distance of local shops…
Finastra to modernise core technology for British Caribbean Bank
Through the partnership, British Caribbean Bank will leverage Finastra Essence, which is deployed on Microsoft Azure cloud, to modernise…
Clearwater Analytics closes acquisition of Wilshire Advisors’ risk and performance analytics solutions
Following the completion of the transaction, Wilshire Atlas, Wilshire Axiom, Wilshire iQComposite and Wilshire Abacus will be integrated with…
Fleet & Mobility
Heritage Private Wealth launches with support from LPL Strategic Wealth Services
Based in Midland, Texas, the father of three is a third generation Midlander with deep ties to the community
SKT collaborates with Aptos Labs, Brevan Howard and Microsoft to bring global institutional finance on-chain with Aptos Ascend
oston Consulting Group (BCG) will be Aptos Labs' preferred consulting partner, leveraging its global expertise in decentralized finance, digital…
Cognizant teams up with FICO to rollout cloud-based real-time payment fraud prevention solution
Powered by FICO Falcon Fraud Manager, the new joint offering will enable banks and other payment service providers in…
Backbase partners with EverBank to improve commercial and treasury services
According to the terms of the agreement, Backbase will serve as the all-encompassing solution for EverBank's commercial clients their…
Endowus launches its full-service digital wealth platform
The full-service launch empowers Hong Kong-based investors with better choices, curated advice and control over their wealth
Codat introduces new supplier enablement data product for businesses
The new data solution will enable businesses to seamlessly share their spend and supplier data from enterprise resource planning…
FIntegrate Technology joins forces with ThreatAdvice to prevent fraud in financial organisations
According to the terms of the agreement, FIntegrate Technology will integrate ThreatAdvice’s TAFraudSentry solution into its FusionDMS dispute management…
BNY Mellon, Accenture join forces to transform financial services solutions
The partnership will expedite the introduction of new services across private markets and wealth management technology by combining Accenture's…
Finastra introduces small business data collection module for DFA 1071 compliance
Implemented as part of Finastra’s LaserPro Compliance Reporter solution, the new module optimises collection of data, validation, storage, generation…
FP&A
Experian to acquire consumer and commercial credit bureau illion for $539m
According to the Irish company, the acquisition will add a revenue of approximately A$175m and a benchmark EBITDA of…
Canadian fintech Brim Financial raises $85m in Series C to drive US expansion
Led by EDC Investments, the financing round also saw the participation of Vistara Growth along with return investors Epic…
Oman Housing Bank taps Temenos to transform core banking platform in cloud
Oman Housing Bank will be replacing its existing legacy platform with Temenos core banking platform operating on the cloud…
Clearstead Advisors snaps up Wilbanks Smith and Thomas Asset Management
Following the completion of the merger, Clearstead Advisors and its subsidiaries will have around $44bn in total assets under…
ACI Worldwide partners with Arab Financial Services to transform payments
Through the 10-year partnership, both parties aim to facilitate digital payments modernisation for banks, fintechs, and merchants across the…
Wealth Enhancement Group acquires Piermont Wealth Management
Established in 2000, Piermont Wealth Management handles more than $226m in client assets
Sandbox Banking and Plaid join forces to bolster automated identity verification
Through the partnership, both companies aim to integrate Glyue’s Customer360 module and customer experience workflows with Plaid's verification solution
Fintel acquires 70% stake in regtech solution provider ifaDASH
The acquisition has been facilitated through Fintel’s technology and knowledge platform Fintel IQ
Harmony Bank taps Baker Hill to transform commercial lending process
Through the collaboration, the bank will utilise Baker Hill NextGen commercial loan origination system’s preconfigured version Baker Hill NextGen…
Government, Risk & Compliance
Kasikorn Securities to improve portfolio analytics and risk management for derivatives with ICE
By leveraging ICE’s portfolio analytics application for derivatives, Kasikorn Securities will analyse holdings at single security and portfolio level,…
CBA invests in UK-based regtech company Global Screening Services
The Australian bank’s investment is part of the regtech company’s $47m Series A2 capital raising
SmartSearch to secure investment from Triple Private Equity
Through its commitment, Triple Private Equity will acquire a majority interest in the digital compliance and AML software provider
Delta Thailand opens new Delta Plant 8 and R&D center for EV production and innovation
The Prime Minister delivered a special address at the event, expressing the government's delight at the opening of the…
Denmark’s Danske Bank to migrate key infrastructure to AWS
Danske Bank intends to transfer more than 16,600 virtual and physical servers and over 1,000 applications from its private…
Coast secures $92m for fleet and fuel expense management
Fleet and fuel expense management firm Coast raises $92m in a new funding round. (Credit: Markus Winkler from Pixabay)
BofA merges banking, investing, and retirement mobile apps
The new update unifies the five apps, namely Bank of America, MyMerrill, Bank of America Private Bank, Merrill Edge,…
US-based Central Bank to transform core technology with TCS
According to TCS, Central Bank's deployment of TCS BaNCS' multi-bank, multi-entity capabilities and extensive API library will enable the…
Country Builders Bank joins forces with Kiya.ai to advance banking infrastructure
By leveraging the banking technologies provided by Kiya.ai, Country Builders Bank intends to increase operational efficiency, expedite revenue generation,…