Tagged: finance

Treasury4 Launches Payments4, Enhancing Corporate Treasury Payments

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Treasury4, an enterprise software platform delivering tools for treasury and finance practitioners, announced the launch of its Payments4 module tailored for the requirements of treasury and finance teams. An integral component of Treasury4’s Treasury Management System, Payments4 transforms the way organizations handle treasury payments by… Read More

UK Finance Report: High Street Bank Lending to SMEs Remains Stable in Q2 2024

High street bank lending to SMEs remains stable in Q2 2024, according to an update from UK Finance. UK Finance recently released its latest Business Finance Review which “reports on the finance needs of small and medium-sized enterprises (SMEs) in the second quarter of 2024.”… Read More

Finance and Investor Relations focused Research Firm Quartr Secures Investment from Altos Ventures

Quartr, a software and data provider enabling qualitative public market research for finance and investor relations (IR) professionals, announced the closing of a $6 million investment from Altos Ventures. Altos is a San Francisco-based venture capital firm that is reportedly known for its uncommonly patient… Read More

MoneyLion, Nova Credit to Activate Cash Flow Underwriting within Consumer Finance Ecosystem

MoneyLion Inc. (NYSE: ML) has revealed a parnetship with Nova Credit, a credit infrastructure and analytics company. The goal is said  to seek to activate cash flow underwriting within MoneyLion’s hosted decisioning engine. This collaboration aims to credit issuers on MoneyLion’s platform “to integrate Nova… Read More

Paylocity to Acquire Spend Management Fintech Airbase

Paylocity (NASDAQ: PCTY), a firm focused on cloud-based HR and payroll software solutions, announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and… Read More

UK Fintech Atlantic Money Launches App-Less Money Transfer Network

In an era where Fintechs become increasingly bloated with ancillary products and spend years integrating their platforms with third parties like banks, UK Fintech Atlantic Money took a step in the opposite direction. With the launch of Portals, Atlantic Money allows users “to make international… Read More

Majority of DACH Finance Professionals Say Outdated Financial Close Processes Result in Employee Turnover – Research Study

FloQast has announced the results of Market Study: The Role of Finance Automation in Reducing Stress and Retaining Talent in the DACH Region, the company’s latest research initiative. The survey explores the status of automation and digitalization “in finance and accounting teams in Germany, Austria,… Read More

Digital Assets and Web3 Service Provider Hex Trust Announces Launch of Staking Partner Program

Hex Trust, a provider of digital asset solutions for institutional finance and the Web3 ecosystem, has announced the launch of its inaugural Staking Partner Program. This initiative will feature four infrastructure partners: Chorus One, Kiln, Luganodes and Twinstake. Hex Trust clients will be “able to… Read More

Remitly Global Appoints Finance Professional Vikas Mehta as CFO

Remitly Global, Inc. (NASDAQ: RELY), a provider of digital financial services, has announced the appointment of finance executive Vikas Mehta as Chief Financial Officer, succeeding Hemanth Munipalli, effective August 19, 2024. Munipalli is leaving for family reasons, and will “oversee an orderly transition, remaining with… Read More

Deutsche Bank Introduces BASF’s Sustainability-linked Payables Finance Program in Asia

Deutsche Bank has launched BASF’s first sustainability-linked payables finance program in Asia, with a focus on its operations in China. The solution meets global standards and has “been tailored to suit local business requirements.” The program will support BASF’s activities in China. The solution provided… Read More

DeFi Adoption: Pyth Network Onboards AMINA Bank, a Swiss Licensed Banking Service Provider

Global institutions are partnering with Pyth Network to shape the future of finance. That trend continues today as we welcome onboard AMINA Bank, a fully licensed Swiss bank and pioneer in the financial industry, as a market data provider to the network. AMINA Bank is… Read More

UK Fraud Detection and Prevention Examined in Banking Market Report

Fraud detection and prevention are critical to many businesses; however, they are of growing importance in the banking and finance sector, including card issuers, banks, credit unions, and lenders, according to a report from Juniper Research. There are many anti-fraud measures that have evolved over time,… Read More

Saudi Central Bank SAMA Releases Performance Report of Finance and Real Estate Refinance Firms Sector

The Saudi Central Bank SAMA released the Annual Performance Report of the Saudi Finance and Real Estate Refinance Companies Sector for the year 2023. The report highlighted the sector’s developments and financials “during 2023, where the paid-up share capital for finance companies sector increased by… Read More

AI Accounting Platform AccountsIQ Secures $64m to Expand Workforce

AccountsIQ, a cloud-based accounting platform, has raised €60 million (about $64 million) in a Series C funding round anchored by business-to-business (B2B) software-as-a-service (SaaS) growth equity fund Axiom Equity. The investment is set to bolster AccountsIQ’s product development, enabling the firm to integrate advancements in… Read More

Finance BPO Virrtue Acquires UK Accounting Firm Virgate

Virrtue, a Texas-based finance and accounting business process outsourcing (BPO) company, announced its acquisition of Virgate, a technology-driven accounting services firm based in Gloucester, England. This move is set to enhance Virrtue’s technological capabilities and expand its footprint in the UK and European markets. Arvind… Read More

Finastra and Tesselate Launch Trade Finance Service

Finastra, a provider of financial software applications and marketplaces, and Tesselate, a consultancy, have announced the launch of an end-to-end pre-packaged service for faster and easier online trade finance. Tegula Trade Finance as a Service, powered by Finastra Trade Innovation and Corporate Channels, enables US… Read More

Malaysia: Maybank Introduces Transition Finance Framework in ASEAN at COP28 Dubai

Maybank launched its Transition Finance Framework, the “first” by a Malaysian bank at the United Nations Framework of Convention on Climate Change’s 28th Conference of Parties (COP28) in Dubai, in a continued effort to drive transition finance. The launch was witnessed by Nik Nazmi Nik… Read More

Survey on Access to Finance of European Enterprises Reveals Continued Tightening in Reported Financing Conditions

In the latest round of the twice-yearly Survey on the Access to Finance of Enterprises (SAFE) in the euro area, covering the period from April to September 2023, firms reported “an increase in turnover, although the net percentage was lower than in the previous survey… Read More

European Personal Finance Firm Iute Group Reports Latest Operational Results

Iute Group reports that its performing loans portfolio and revenue continued to grow in the 9 months of 2023. The company has further shared the following financial and operational updates: Number of active customers declined “to 282 thousand (31 Dec. 2022: 293 thousand) but the… Read More

Westbrooke’s Yield Plus UK Secured Private Debt Fund Receives £25M Revolving Credit Facility from RMB

Rand Merchant Bank (RMB) and Westbrooke Alternative Asset Management UK Limited are pleased to announce the completion of a £25m credit facility to Westbrooke Yield Plus Plc. This strategic move has opened new doors for the Fund, “offering a broader spectrum of opportunities, more effective… Read More

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