Recent adoption of collaborative open source strategies across financial services and fintech is a direct result of the demand to solve business problems in order to stay competitive. The Fintech Open Source Foundation (FINOS) is the catalyst for this movement and today announced that five new members have joined the foundation, which is evidence of
Sensibill, the leading provider of everyday financial tools and SKU-level insights, and CAARY, a new credit and financial platform for small and medium-sized enterprises (SMEs), today announced their partnership. Together, the companies will offer a seamless, end-to-end financial services solution for SMEs that includes credit, payment solutions, receipt capture, expense management and automated reconciliation. “We
Figure Technologies, Inc. (Figure™), a leader in transforming financial services through the power of blockchain technology, today announced it has signed an agreement to merge with Homebridge Financial Services in a landmark deal that will reshape the technology landscape of the nation’s mortgage industry. “We are bringing together the most robust, powerful and efficient technology
Huawei on July 29, 2021 held its first virtual Asia-Pacific Intelligent Finance Summit 2021, with the theme “Accelerate Digital Transformation in Banking, New Value Together”. As economies across the Asia-Pacific region continue to recover and rebound, leading banks and financial institutions are accelerating digital transformation, seizing new digitalization opportunities to reinvent themselves for what the
Symphony- the leading markets’ infrastructure and technology platform – will now offer the most complete and secure verified directory in the financial services industry as it has acquired the counterparty mapping platform StreetLinx. This acquisition adds over 200 institutional counterparties to the more than 1000 institutions already served by Symphony. “As we accelerate from directory
TerraNova Capital Structured Finance (“TerraNova Capital”), the credit advisory and special purpose finance division of TerraNova Capital Equities, Inc. today announced the launch of their SPAC Backstop and deSPAC finance platform. The TerraNova finance platform will help SPACs identify structured finance solutions in conjunction or in place of PIPE financing and redemption shortfalls. “With over
Finitive, the leading data-driven private credit marketplace, today announced that it has been named one of the Top 100 Financial Technology Companies of 2021 by the Financial Technology Report. Founded in 2017, Finitive’s tech-enabled platform offers institutional investors access to a multi-trillion-dollar market of private credit opportunities across multiple asset classes and structures, including specialty finance,
IBM (NYSE: IBM) and SAP SE (NYSE: SAP) today announced that SAP intends to onboard two of its finance and data management solutions to IBM Cloud for Financial Services to help accelerate IBM cloud adoption within the financial services industry. The collaboration will be designed to help the companies address the industry’s stringent compliance, security
According to data from EY, the UK acquired 99 investment projects in financial services in 2019. However, in 2020, just 49 were acquired, a significant drop that puts the country only 14% ahead of France. The latest EY UK Attractiveness Survey for Financial Services found that foreign investment fell by 23% across Europe in 2020,
There has been a real drive towards ‘frictionless’ banking in Western countries, giving rise to the question: why aren’t cross-border payments equally frictionless? Especially for those in emerging markets, who have everything to lose and much to contribute. Read More
2021 is expected to be a year of change, with businesses around the world optimistic that the months ahead will be brighter than what 2020 dealt us. Many of the micro trends that companies thought would be temporary measures throughout the pandemic have become macro trends that are here to stay. These are a few
Members of trade bodies, academia, and NGOs will make up the task force, known as the Green Technical Advisory Group (GTAG). The GTAF will be responsible for overseeing the government’s delivery of a “Green Taxonomy”. This common framework will offer comprehensible standards that lay out when a financial product or investment can be classed as
