H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce that it has led a $120 million round of total financing, inclusive of debt and equity, as part of the Series E funding for Pyramid Analytics, a next-generation decision intelligence platform for enterprises. The Series E round includes new
HCL Technologies UK Limited, a wholly-owned subsidiary of HCL Technologies (HCL), a leading global technology company, has signed a definitive agreement for the acquisition of Confinale AG, a Switzerland-based digital banking and wealth management consulting specialist and Avaloq Premium Implementation Partner. Through this strategic acquisition, HCL will increase its footprint in the global wealth management
Scalable Capital, a leading digital investment platform in Europe, is launching eight new investment strategies in its digital wealth management service. As of now, clients can choose from eleven different ETF-based investment approaches – including new strategies focusing on climate protection, value investing, and crypto. This means that investors can have their wealth managed in
Cyber insurance companies are demanding greater risk management strategies from organizations interested in purchasing cyber insurance. “Insurers want to know there is an organized and proactive effort to manage cybersecurity risk,” Travis Wong, VP of risk engg. and security services at cyber insurance provider Resilience. These risk management strategies include multi-factor authentication (MFA), backup, incident
Everyware, a leading contactless payments, and customer engagement solutions company, announces the expansion of its Pay By Text options by offering real-time payments (RTP) and its open banking approach to financial data. The RTP and open banking experience, along with security enhancements, are made possible through Everyware’s partnership with MX, the leader in Open Finance.
Veem, a leading provider of global B2B payment solutions, today announced the rollout of new functionalities including enhanced card options and faster ACH, allowing small businesses more flexibility in how they pay and get paid to manage cash flow. Credit cards are an essential tool for small businesses to manage cash flow and Veem is
OFX Group Limited (OFX) today announced it has completed its acquisition of Firma Foreign Exchange Corporation (Firma) for a total consideration of C$90m (A$98m). The transaction expands OFX’s capability and presence as a global foreign exchange and payments provider. “We’re excited to complete our first major acquisition and to welcome our new clients and colleagues.
Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world’s richest person — promotes his interests, attacks critics, and opines on a wide range of issues to more than 83 million followers. “We
Kani Payments, the disruptive UK data reconciliation, and reporting platform have today announced that it has been selected as a Mastercard Start Path company. Approximately 1,500 start-ups annually are evaluated for entry into the program. Now, part of the latest cohort of the highly sought-after program, which has only a 2% acceptance rate, Kani Payments
The fintech solutions available in AppMarket will empower Fiserv financial institution clients to use open finance strategies to address emerging opportunities in crypto finance, gig economy banking, small and mid-size business (SMB) lending, and other priorities. AppMarket will help financial institutions of all sizes to accelerate speed to market, deliver tailored services to target markets
Intellect Global Transaction Banking (iGTB) announced it will integrate Microsoft Cloud for Financial Services to accelerate cloud adoption and digital transformation initiatives of corporate banks. The collaboration will see iGTB adopt Microsoft as its preferred cloud platform to remove traditional barriers to banking technology adoption, thereby helping banks go to market 3 to 4 times
Mindtree, global technology services, and digital transformation company, and Sapiens International Corporation and a leading global provider of software solutions for the insurance, banking, and financial services industries, today announced a partnership to help insurance companies drive digital transformation. The combination of Sapiens’ industry-leading, cloud-native, a core suite of banking and insurance applications, and Mindtree’s
