Tagged: clearing

Fintech Platform Alpaca Reportedly Transitions to Self-Clearing at DTCC

Hitoshi, Co-founder & Chief Product Officer at Alpaca notes that Alpaca has transitioned to self-clearing at DTCC. As noted in a blog post, this is a key milestone since they started “a regulated brokerage business five years ago.” It’s a pivotal milestone for them because this… Read More

Gemini Offers Unified Platform for Crypto ETFs, Other Exchange-Traded Products

Gemini Fund Solutions (GFS) says it is the one of the leading providers of custody, clearing/settlement, trading, and other capital markets services that have been specifically designed “for crypto exchange-traded funds (ETFs), closed-end funds (CEFs), and other fund vehicles.” Founded in 2020, GFS is reportedly… Read More

ICE Announces Wealth Management Platform Integration with BNY Mellon | Pershing

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of data, technology and market infrastructure, and BNY Mellon | Pershing, a provider of clearing and custody solutions, announced that the web-based version of the ICE Connect wealth management platform has been “integrated into BNY Mellon |… Read More

ClearBank Selects ThetaRay AI Monitoring Tech to Support Business Growth

ClearBank, which claims to be the largest next-generation clearing and embedded banking platform in the UK, and ThetaRay, provider of AI-powered transaction monitoring technology, announced they will “collaborate in cloud-native anti-money laundering (AML) monitoring to protect ClearBank against financial crime with ThetaRay’s robust and industry-leading… Read More

The Bank of London Appoints Phil Knight as Group CTO, Chief Info Security Officer

The Bank of London, which claims to be the next-generation technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced the appointment of Phil Knight as Group Chief Technology Officer (CTO) and Group Chief Information Security Officer (CISO). Phil will “oversee… Read More

Citi to Introduce 24/7 Clearing in Q4 2022

Citi Treasury and Trade Solutions announced its intent to launch “24/7 Clearing” as a service to its financial institution clients, “beginning with 24/7 USD Clearing in Q4 2022.” This new service is “designed to enable Citi’s clients to make USD payments across Citi’s 1,500 financial… Read More

Fondy to Provide Merchant Customers Virtual IBAN Accts via ClearBank Integration

ClearBank, the enabler of accounts, real-time clearing, and embedded banking for financial institutions, announced its integration with Fondy, a one-stop payment platform, “to provide ecommerce companies with an efficient, easy-to-implement shop payment solution.” This solution will “allow companies to manage and control their money flow… Read More

Berlin’s Upvest Selects BNP Paribas Securities Services for Custody, Settlement Services

Upvest has selected BNP Paribas Securities Services to provide custody, clearing and settlement services. Recently, Upvest successfully “closed its $42m Series B financing with lead investor Bessemer Venture Partners – one of Germany’s biggest fintech fundings of the year.” The selection of BNP Paribas Securities… Read More

StoneX Executes First Bitcoin (BTC) Cash-Settled Swap

StoneX Markets LLC, a subsidiary of StoneX Group Inc., a provider of execution, post-trade settlement, clearing and custody services across asset classes and markets worldwide, has announced that it successfully “executed and settled its first cash-settled BTC/USD swap.” The counterparty to the trade was one… Read More

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