July 21, 2024 @ 8:04 pm By Omar Faridi  |  

Clear Street, a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business. Fox River provides a comprehensive “suite of algorithmic execution solutions in US and Canadian equities.” These… Read More

 Tagged acquisition, clear street, cloud, financial technology, fox river, instinet

July 21, 2024 @ 7:07 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global firm focused on financial technology, announced the launch of its new SMB Digital Lending solution. Created in partnership with Lendio, the nation’s small business financial solutions technology platform, the solution aims to “reduce the barriers to funding for small and… Read More

 Tagged digital lending, financial technology, fis, smbs

July 21, 2024 @ 7:06 pm By Omar Faridi  |  

9Spokes, a global data platform, announced the launch of its new Cashflow forecasting product, a tool designed for integration within the digital platforms of financial organizations. This offering provides small and medium-sized businesses (SMBs) with “automated, predictive cashflow management and forecasting capabilities.” A recent study… Read More

 Tagged 9spokes, cashflow forecasting, data, integration

July 21, 2024 @ 6:56 pm By Michael Wong  |  

The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in payment systems. This agreement was formalized during a visit to the UAE by Indonesian President Joko Widodo. The MoU, signed by Khaled… Read More

 Tagged central banks, cross-border payments, indonesia, uae

July 21, 2024 @ 6:54 pm By Omar Faridi  |  

Matera, a banking software provider, announced a $100 million investment from Warburg Pincus, a global growth investor. The investment will be used to fund the company’s “expansion into the North American market and further expand product development.” Founded in Brazil, Matera is a technology “provider… Read More

 Tagged banking, matera, software, warburg pincus

July 21, 2024 @ 6:49 pm By Tony Zerucha  |  

The co-founder of a cloud platform for global card processing insists that recent payment systems outages are the price the world pays for widely used yet outdated infrastructure. Robert Kraal is the CBDO of Silverflow, which offers a cloud-native solution with a single API for… Read More

 Tagged chaps, payments, Robert Kraal, silverflow, swift

July 21, 2024 @ 6:47 pm By Tony Zerucha  |  

Episode Six, a payment processing provider and digital ledger infrastructure, has announced that its cloud-based solution, offering payments-as-a-service, is now available on the Amazon Web Services (AWS) Marketplace. The company operates across 14 AWS availability zones, including regions such as the United States, Europe, Singapore, Australia,… Read More

 Tagged aws, Brian Muse-McKenney, cloud, john mitchell, TRITIUM

July 21, 2024 @ 6:24 pm By Michael Wong  |  

Amid the accelerating shift towards digital banking, nearly half of banking customers in Ghana still favor traditional banking methods, according to the 2024 PwC Ghana Banking Survey Report. The survey reveals that 47% of respondents prefer to conduct their banking transactions through conventional means, highlighting… Read More

 Tagged banking, ghana, pwc, research

July 21, 2024 @ 2:28 pm By Tony Zerucha  |  

Euroclear has acquired a 49% stake in Inversis, a global investment technology solutions provider and outsourced financial services. By the end of 2027, Euroclear will become the full owner of Inversis. The transaction is subject to customary closing conditions and regulatory approvals. Founded in 2001 and… Read More

 Tagged Alberto del Cid, Banca March, euroclear, Inversis, Jose Luis Acea, Valerie Urbain

July 21, 2024 @ 2:24 pm By Omar Faridi  |  

Yanki Onen, CEO and founder at wamo, is pleased to share a significant update, which is not only positive news for them, but also significant for their customer base. Yanki Onen revealed that wamo has “secured a $5 million growth-focused investment, and officially obtained their… Read More

 Tagged funding round, sme's, wamo, yanki onen