May 12, 2024 @ 2:06 pm By Omar Faridi  |  

Betterment, which claims to be the largest independent digital financial advisor, today announced that Betterment for Advisors, its RIA custody division has deepened its partnership with XYPN, a turnkey advice and planning platform that seeks to make it possible for fee-only financial advisors to build… Read More

 Tagged betterment, financial services, fintech trends, xypn

May 12, 2024 @ 1:08 pm By Michael Wong  |  

Rasan Information Technology Co., along with its shareholders, aims to raise up to 841 million riyals ($224 million) in an initial public offering in Riyadh, marking one of the first IPOs by a fintech firm in Saudi Arabia, Bloomberg reported. The firm has set the… Read More

 Tagged fintech, ipo, Rasan, saudi arabia

May 12, 2024 @ 12:23 pm By Omar Faridi  |  

FloQast has introduced new feature enhancements to its FloQast Compliance Management solution, including proactive risk assessment, new management of compliance programs, and more. The feature enhancements reportedly “bring greater ROI to chief financial officers and accounting and finance teams through a lower total cost of… Read More

 Tagged compliance, financial services, floqast

May 12, 2024 @ 11:45 am By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce plans to launch weekly single stock options for 10 Hong Kong-listed equities, the latest derivatives market enhancement that will give investors even more choice to manage risks and execute trading strategies. HKEX plans to… Read More

 Tagged hkex, hong kong, options

May 12, 2024 @ 11:27 am By Michael Wong  |  

South African fintech company Lesaka Technologies, Inc. has announced a definitive agreement to acquire Adumo RF (Pty) Ltd for approximately ZAR 1.59 billion ($85.9 million). The deal, which hinges on shareholder and regulatory approvals, is expected to close in the third quarter of 2024. Under… Read More

 Tagged adumo, Lesaka Technologies, south africa

May 12, 2024 @ 10:57 am By Michael Wong  |  

JanOne Inc., a Nasdaq-listed pioneer in innovative solutions aimed at ending the opioid crisis, has signed a definitive agreement to acquire ALT 5 Sigma Inc., a Delaware-based player in blockchain financial technology, along with its subsidiaries. The transaction is set to close the week of… Read More

 Tagged ALT 5 Sigma, fintech, JanOne

May 11, 2024 @ 7:20 pm By Michael Wong  |  

Mongolia’s first digitally focused bank M bank has secured $30 million in financing from the International Finance Corporation (IFC) provide digital lending to women and small and medium enterprises (SMEs). In a collaborative effort to bolster the Mongolian financial sector, IFC and M bank are… Read More

 Tagged digital bank, ifc, M bank, mongolia, online lending

May 11, 2024 @ 5:27 pm By Michael Wong  |  

Global Fintech platform Airwallex is in discussions with several Middle Eastern sovereign wealth funds as it seeks to raise capital for regional expansion, according to CEO Jack Zhang. The Melbourne-based startup has engaged with Abu Dhabi Investment Authority, Mubadala Investment Co, and Saudi Arabia’s Public… Read More

 Tagged airwallex, mena, middle east

May 11, 2024 @ 5:25 pm By Omar Faridi  |  

Taurus SA is pleased to announce its new membership with the Nordic Blockchain Association (NBA), a non-profit organization dedicated to the advancement of blockchain technology in the Nordic countries. This partnership highlights Taurus‘ commitment “to supporting digital assets growth with traditional financial institutions in the… Read More

 Tagged distributed ledger technology, europe, nordic blockchain association, taurus

May 11, 2024 @ 5:22 pm By Omar Faridi  |  

Validata announces the extension of their long-standing global, technology partnership agreement with Temenos and has extended its integration with Temenos core banking to provide banks and Electronic Money Institutions (EMIs) with “a cost-effective solution for Cash and Nostro reconciliation including payments investigations and case management,… Read More

 Tagged banking, temenos, validata