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BNP Paribas and NatWest Go Live with CobaltFX’s ‘Dynamic Credit’ for FX Credit Management


BNP Paribas and NatWest have partnered with fintech CobaltFX to simplify and streamline the allocation of credit for foreign exchange (FX) trades between banks. The implementation of CobaltFX’s ‘Dynamic Credit’ solution marks a step forward in enhancing market access and control while optimizing credit disbursement. CobaltFX, part of United Fintech, has been a longstanding partner of BNP Paribas and NatWest. This latest


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Fiserv and Central Payments Deliver Modern Issuing Capabilities to Fintechs and Financial Institutions


Fiserv, Inc., a leading global provider of payment and financial services technology solutions, and Central Payments L.L.C., a banking as a service (BaaS) provider, enabling fintechs, businesses Businesses and payment facilitators bring financial products and services to market with greater speed and growth potential. The combination of the Fiserv technology stack, including real-time core, card


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Apex Group acquires Efficient Group companies in South Africa


Apex Group Ltd., a global financial services provider, today announced its proposal to acquire Efficient Group (Pty) Ltd. Efficient is the parent company of Boutique Collective Investments (RF) (Pty) Ltd (“BCI”) and Boutique Investment Partners (Pty) Ltd (“BIP”) and upon completion of the acquisition, Efficient Group (Pty) Ltd will rename the Apex Corporation banner. The


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PWC UK Picks Ai Quality Leader TruEra To Collaborate On Ai Risk Management


TruEra, a leading provider of AI quality management solutions for testing, interpreting, debugging, and monitoring machine learning (ML) models, today announced that it has been selected by PwC to integrate AI risk management in the UK and Ireland. Key elements of the collaboration include: • Using TruEra’s software to validate AI/ML models (e.g., analyzing robustness


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HSBC buys Silicon Valley Bank UK


The collapse of the US bank Silicon Valley Bank (SVB) HSBC has bought its UK subsidiary, SVB UK, for £1. Customers and businesses who have deposited funds into SVB UK will have normal access. Taxes were irrelevant. “Continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety


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Weavr acquires Comma to combine embedded and open banking


Weavr, the London-based startup that allows businesses to integrate banking and payments into their mobile apps or SaaS platforms, has acquired open banking B2B platform, Comma Payments. With Comma, Weavr claims to have become the first integrated finance provider to combine Banking as a Service (BaaS) and Open Banking in one integrated payments solution for


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Investcloud Launches White Fmb+


InvestCloud, the global leader in digital transformation for the financial industry with over $6 trillion in assets, today announced the release of the next evolution of InvestCloud White, called InvestCloud White FMB+. The new product offering includes integrated front, middle and back-end InvestCloud solutions, as well as simple multi-channel asset management services to provide comprehensive


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Funding Circle and Sage partner to streamline SME finance


UK-based lending platform Funding Circle has partnered with Sage, the accounting, finance, HR and payroll technology company for small and medium-sized businesses (SMEs). This partnership aims to simplify secure financing for small businesses. With the integration of Sage Accounting and Funding Circle API, businesses will now be able to apply for loans and manage their


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Citi Foundation Announces Inaugural Global Innovation Challenge To Empower Nonprofits Improving Food Security Around The World


The Citi Foundation announced the first-ever Global Innovation Challenge to help scale the impact of nonprofits around the world developing innovative solutions to improve food security. This first challenge will provide a total of $25 million to 50 organizations to support piloting or scaling up ideas and projects designed to address this issue and strengthen