March 13, 2024 @ 10:01 pm By Omar Faridi  |  

In a significant development for the remittance sector, TerraPay, a global cross-border payments network, has announced a partnership with Alfardan Exchange. Based in Qatar, Alfardan Exchange provides exchange services as well as commodities like gold and coins. This collaboration aims to leverage TerraPay’s advanced digital… Read More

 Tagged payments, qatar, remittances, terrapay

March 13, 2024 @ 9:33 pm By Omar Faridi  |  

Bank Muamalat Malaysia Berhad (Bank Muamalat) announced a multi-year collaboration with Google Cloud to accelerate its transformation into a leading digital Islamic bank. This collaboration aims to leverage Google Cloud’s integrated capabilities in modern infrastructure, data analytics, security, and generative AI (gen AI) to “deliver… Read More

 Tagged cloud, digital financial services, mambu, virtual banking

March 13, 2024 @ 12:30 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced that OMB Bank has joined the Treasury Prime Bank Network to offer innovative embedded banking solutions to customers in the fintech space. The partnership marks the latest addition to Treasury Prime’s -bank network, which now totals more… Read More

 Tagged embedded banking, financial services, fintech adoption, treasury prime

March 13, 2024 @ 12:27 pm By Omar Faridi  |  

Quantexa, a global firm focused on decision intelligence solutions for the public and private sectors reveals its Decision Intelligence Platform roadmap, and provides an update on Q Assist, a generative artificial intelligence (AI) assistant that previewed in July last year. Quantexa also announced a partnership… Read More

 Tagged decision intelligence, microsoft, Quantexa

March 13, 2024 @ 12:25 pm By Omar Faridi  |  

Thames Technology, a provider of cutting-edge payment solutions, has announced a strategic partnership with Ellipse World, Inc., a Los Angeles based innovative FinTech company, to offer an additional layer of advanced protection for its banking cards. The collaboration enables Thames Technology to “integrate Ellipse’s EVC… Read More

 Tagged digitalization, financial technology, payment tech, thames technology

March 13, 2024 @ 9:31 am By Omar Faridi  |  

DTCC is reporting that its Fixed Income Clearing Corporation (FICC) Treasury clearing volumes have grown 31% year over year, “processing a daily average volume of USD$7.019 trillion.” This growth comes at a time when market participant firms “are assessing the impact of the U.S. Securities and… Read More

 Tagged dtcc

March 13, 2024 @ 8:21 am By Omar Faridi  |  

Tide, the UK’s business financial platform, is to launch in Germany, with the country becoming Tide’s second market outside of the UK, following the successful start of its operations in India in 2022. In the UK, Tide offers small businesses “that don’t have a finance… Read More

 Tagged europe, financial services, germany, tide

March 13, 2024 @ 8:19 am By Omar Faridi  |  

Starling Bank announces the appointment of Raman Bhatia as Group Chief Executive Officer. He will take over from John Mountain, who has “been acting as interim CEO since our founder Anne Boden announced she was stepping back from the role last year.” Raman is currently… Read More

 Tagged new appointments, starling bank, uk, united kingdom

March 13, 2024 @ 5:11 am By Omar Faridi  |  

SmartStream Reference Data Services (RDS), a provider of financial reference data, has announced the launch of an enhanced derivatives data service, providing in-depth insights into futures related transactions. This expansion is said to be crucial for “meeting EMIR Refit reporting requirements.” The EMIR Refit initiative… Read More

 Tagged data, derivatives, financial reference data, smartstream reference data services

March 12, 2024 @ 11:43 pm By Omar Faridi  |  

Finastra announced that Jefferson Bank, an independent bank serving communities across Texas, has selected Finastra Payments To Go, a payments-as-a-service solution for its new instant payments services. The cloud-based payments solution will “help Jefferson Bank to efficiently deliver both RTP TCH and FedNow services 24/7,… Read More

 Tagged banking, finastra, fintech adoption, payments