Paygeon rolls out new financial platform for SMBs to automate invoice payments
The innovative solution leverages advanced artificial intelligence (AI) technology to replace conventional payment workflows that often brings human errors…
Automation
Tipalti launches expense management and automation tool
The new expense management solution seamlessly integrates with Tipalti’s platform, which automates accounts payable (AP), procurement, cards and mass…
Docyt AI enables true real-time accounting with new advanced generative AI capabilities
Company’s accounting intelligence & automation platform brings the power of artificial intelligence to SMBs, franchises, accounting firms and internal…
Tipalti introduces localised finance solution for European Market
The company’s latest localised offering and license are said to empower it to provide a comprehensive range of payment…
Citi rolls out auto-enabled payment solutions suite for financial institutions
The new solutions will allow financial institution clients to have access to new capabilities which can be used with…
Central Bank extends Sagent Software partnership six years to power servicing at scale
Central Bank will continue powering its scale servicing operations with Sagent’s cloud-based LoanServ system of record
Quadient partners with REPAY to deliver exceptional payment experiences with accounts payable automation solution
With the new REPAY integration, Quadient AP enables frictionless payments to vendors and suppliers using their preferred method and channel of…
Morgan Stanley to launch AI bot for wealthy clients’ financial advisers
By utilising the virtual assistant, bankers can quickly locate research or forms without the need to sift through extensive…
Temenos unveils industry-first secure Generative AI solution for banks
The new Generative AI solution will allow banks to categorise and label customer transactions from free text narrative automatically…
Corporate Finance
Centerbridge, Wells Fargo partner on direct lending to middle market companies
Centerbridge Partners aims to launch Overland Advisors, which aims for at least $5bn in investible capital, to address the…
Financial app Curve secures additional £58m in Series C extension
The funding round had participation from Microsoft co-founder Paul G. Allen's venture arm Cercano Management, Britannia, IDC Ventures, Cohen…
EJF Capital raises $104m for EJF Ventures Fund
The Fund received support from both new and existing EJF investors
Fipto raises €15m to transform international payments market
This funding round, which includes Serena (lead investor) and Motier Ventures, follows Fipto's registration as a Digital Asset Service…
Fortress Investment acquires 7.7% stake in Nassau Financial for $130m
The acquisition of minority interest comes as part of a strategic partnership between the parties to unleash new opportunities…
ThetaRay secures $57m in growth round to fuel expansion
The growth round was led by fintech and financial services investment platform Portage and supported by JVP, the largest…
Maddix Capital Services Fund II launches with plans to transform service-based investments
The fund has already secured commitments for 30% of its total value, with the remaining portion earmarked for distribution…
Tri Ri Asset Management closes $142m TRAM Venture Fund
Two pension funds, a sovereign wealth fund, and leading family offices from Scandinavia and Switzerland participated in the fund's…
Finance automation platform Ramp secures $300m in Series D
The financing round, which was co-led by Thrive Capital and Sands Capital, also saw the participation of General Catalyst,…
Data & Analytics
Credibly to expand small business financial products suite with Green Dot
By leveraging Green Dot’s banking-as-a-service (BaaS) platform, Credibly Business Banking will provide small business owners with a more frictionless…
Entrepreneurial Spirit drives $1.7bn wealth management firm to join Kestra Financial
Symonds brings to Kestra a team of five producers and six operations personnel who offer an unmatched level of…
Mercedes-Benz, Mastercard collaborate to roll out embedded in-car payments at pump
The new native in-car payments feature will enable customers to use a fingerprint sensor in their car to make…
US SEC issues two enforcement actions against DWS Investment Management Americas
The actions are taken over DWS' failure to develop a mutual fund anti-money laundering (AML) programme as well as…
TCS, Standard Bank extend collaboration to streamline custody and settlement processes
As part of the collaboration, TCS will centralise and standardise Standard Bank's custody and settlement processes in more than…
Corvallis and Finastra extend partnership to help Italian banks accelerate instant payments offerings
The collaboration extends the scope from Finastra's SaaS digital banking solution, Essence, to include Finastra Payments To Go, an…
US SEC charges Goldman Sachs $6m in penalties over incomplete blue sheet data
The American investment bank and financial services company has made over 22,000 deficient blue sheet submissions to the SEC…
Insurtech Roadzen completes merger with Vahanna Tech Edge Acquisition I
Following the merger, Roadzen has been listed on Nasdaq and has become a publicly traded company
Vanguard set to launch new active fixed income ETFs
The management of the ETFs will be entrusted to Vanguard Fixed Income Group, a division known for its knowhow…
Digital Transformation
England & Company expands to Singapore
The Singapore office complements England's four U.S. offices which are strategically located in Houston, New York, San Diego, and…
Standard Life, Moneyhub partner to offer commercial pensions dashboard
In addition to identifying and reviewing all their pension data, pension scheme members will be able to connect to…
Infosys Finacle to drive digital banking transformation for Guaranty Trust Bank
By leveraging Infosys Finacle's suite of retail and corporate banking solutions, Guaranty Trust Bank aims to achieve an extensive…
NICE Actimize bolsters financial crime solutions for GoTyme Bank’s digital banking venture in Philippines
NICE Actimize's AI and Analytics solutions are set to bolster financial crime prevention efforts, aligning with the bank's customer…
NAB penalised $2.1m for unconscionable conduct over account fees
In addition to the $2.1 million penalty, NAB has paid approximately $9 million in remediation to affected customers who…
Finastra, Microsoft join forces to expedite trade platform modernisation
Through the collaboration, the parties aim to provide the full functionality of Trade Innovation via a full microservices architecture…
IDS, Benesch partner on asset management solutions and services
Through the collaboration, both companies are seeking new avenues for implementing advanced asset management solutions as well as help…
SAP Fioneer unveils ESG data solution to empower financial institutions
The new offering not only bridges critical data gaps for banks and insurers to ensure ESG compliance but also…
Temenos and IBM collaborate to enhance payments solutions on hybrid cloud
The collaboration will enable banks to combine IBM’s expertise in offering secure cloud infrastructure with Temenos’ payments solutions
FDI & Globalisation
How CFOs and the cloud can support sustainability
With projects and employees scattered across two continents, Skanska is one of the biggest construction companies on earth. Not…
Sandbox Banking, MeridianLink partner to drive digital lending for FIs
The partnership between Sandbox Banking and MeridianLink is geared towards providing financial institutions in the latter's customer network with…
Hyundai Motor to invest over $12bn in Georgia for EV and battery manufacturing
Apart from the investment announcement, the company signed a MoU with Georgia Tech to work together on research and…
BankID BankAxept taps TCS to boost Norway’s payment and identity verification systems
TCS will create and manage an operational command centre with the goal of enhancing the resilience, security, and accessibility…
SAS, Microsoft to bolster liquidity and interest rate risk management for financial firms
SAS collaborates with Microsoft to provide banks with robust AI and analytics capabilities, enabling them to effectively navigate the…
Oracle expands banking cloud services for swift transaction banking solutions
The new services, combined with Oracle's real-time payments processing, extensive account operations, and APIs, will enable banks to improve…
EBANX expands operations to India, offering local payment solutions for global merchants
The strategic move extends EBANX's reach beyond its established presence in 18 countries across Latin America and Africa
NatWest Group expands partnership with AWS to accelerate AI adoption
The extended partnership involves using AWS' generative AI solutions to speed up the bank's goal of aiding 10 million…
SentiLink launches Facets to significantly improve financial fraud detection and enhance proprietary fraud models
Early test partners significantly improved their ability to accurately detect fraud by incorporating SentiLink Facets, a set of ready-to-use…
Fleet & Mobility
Prudential Financial to improve disability claims ecosystem with EvolutionIQ
By integrating EvolutionIQ's platform into Prudential Financial’s claims process, the latter aims to boost the vital work of its…
AFC Commercial Bank partners with iGCB to modernise operations
Through this strategic partnership with Intellect, the bank aims to deliver a seamless and highly personalised banking experience, enhancing…
Ashton Thomas joins RedBird’s wealth management firm Arax Investment
Through the transaction, Ashton Thomas is expected to gain advantage from Arax Investment Partners' multi-partner platform structure
Finastra introduces Compliance as a Service to prevent financial crime
The new tool includes real-time anti-money laundering transaction screening from Fincom and ThetaRay’s AI-driven transaction monitoring as a pre-integrated…
EY rolls out AI platform EY.ai after $1.4bn investment
Developed over the past 18 months, EY.ai utilises advanced EY technology platforms and AI capabilities with expertise in transformation,…
FusionIQ expands digital wealth management platform to Canada
By introducing FusionIQ One platform, the company aims to transform Canadian wealth management as well as to support Canadian…
Aviva to divest 25.9% stake in Singapore Life to Sumitomo Life in £800m deal
Under the terms of the agreement, the Japanese life insurance company will pay a consideration of £500m for Aviva’s…
How data can boost energy sustainability
The better a state is doing, so the saying goes, the less you should think about it. By that…
Deutsche Bank unveils new investment manager DB Investment Partners
The investment manager entity will function separately from Deutsche Bank and the latter will retain its existing balance sheet-driven…
FP&A
Visa invests in Form3 to reduce fraud in real-time payments
Through the new commercial partnership with Visa, Form3 aims to continue its growth journey by developing new products and…
Temenos extends cloud partnership with US-based Varo Bank
By leveraging Temenos Banking Cloud, Varo Bank is able to scale based on customer demands, deploy new products quickly,…
Deloitte, Bitwave forge alliance to transform accounting and compliance of digital assets
At the heart of the partnership lies Bitwave's software platform, crafted to effortlessly streamline data transmission from more than…
UK FCA introduces new screening to approve financial adverts
Firms will need to apply to the FCA between 6 November 2023 and 6 February 2024 to continue approving adverts…
Avantax to go private with Cetera in $1.2bn deal
As per the terms of the agreement, the shareholders of the Nasdaq-listed tax-focused financial planning and wealth management company…
Rapid Enterprise updates digital LOS Decisioneer with new capabilities
The latest update to Decisioneer includes an architecture to support multilingual capabilities within the platform to support SMB lenders…
India-based fintech firm Perfios secures $229m in Series D
Perfios will utilise the capital to bolster the company's continued expansion plans in Europe and North America
Atlante receives additional €49.9m EU grant for EV charging infrastructure
The new funding adds to the €23m granted to Atlante last year and brings the total to approximately €73m
UST and mistEO forge strategic partnership to revolutionise climate risk management in insurance and banking sectors
Through this partnership, mistEO will collaborate closely with UST to empower its insurance and banking clients across the US…
Government, Risk & Compliance
Gotion High-tech to build $2bn EV battery gigafactory in Illinois, US
Upon the completion of the battery plant, it will generate 10GWh of lithium-ion battery packs and 40GWh of lithium-ion…
How to create the financial services workforce of the future
In financial services, finding and keeping the right talent is an essential ingredient for a business to be successful…
Ant Group launches financial large language model and new applications
Ant Group’s financial LLM is claimed to have been trained on more than hundreds of billions of token datasets…
Capgemini to acquire Exiger’s financial crime compliance division
Through the acquisition, the French business and technology transformation services company will bolster its offerings in financial crime, risk…
Stellantis inaugurates battery technology centre in Italy
Over 100 dedicated employees, mainly upskilled Stellantis workers, will be stationed at the Mirafiori battery technology hub
Accenture, Workday collaborate to transform finance functions across industries
The duo is creating a range of data-driven finance solutions that can be customised and adapted to meet the…
Nucleus’ £242m acquisition of Curtis Banks gets all regulatory approvals
The transaction enables Nucleus Financial Platforms and Curtis Banks to create a retirement-focused adviser platform with about £80bn of…
BNY Mellon partners with Trustly on open banking payments solution Bankify
By combining BNY Mellon's transaction payments expertise with Trustly's open banking capabilities, the new solution is said to offer…
Sumitomo Mitsui Trust Asset Management selects Virtu Financial for global execution, workflow, and analytics
The implementation leverages Virtu’s Triton Valor EMS to centralize the full global suite of investment tools including integrated Algo…