Bank Archives - Page 32 of 53

FINASTRA AND HSBC COLLABORATE TO BRING BAAS FX CAPABILITY TO MID-TIER BANKS

Finastra and HSBC announced that they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. This collaboration will take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure, regulated infrastructure. The first phase of the rollout will provide indicative and executable FX rates to regional

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8 SIMPLE HACKS TO MAKE ACCOUNTING LESS TEDIOUS

Accounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results. It is the measurement, processing, and communication of financial and non-financial data of economic entities. The task is tiresome since it requires a great deal of hard work and concentration on the part of the person

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TWITTER HIRES TOP LEGAL FIRM TO SUE ELON MUSK FOR ENDING $44 BILLION DEAL

Twitter is contemplating legal action against Tesla and SpaceX CEO Elon Musk over his decision to terminate a USD 44 billion takeover deal. As per The Hill, the microblogging site has hired a large New York-based law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Musk. Twitter will file its lawsuit

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YULIFE RAISES $120M IN ITS SERIES C FUNDING ROUND TO ACCELERATE GLOBAL EXPANSION

YuLife, the tech-driven insurance company on a mission to inspire people to live their best lives, announced that it has raised $120m in a Series C led by Dai-ichi Life Holdings Inc, a new strategic investor in the company. The funding round, which YuLife’s existing investors supported, takes YuLife’s total funding to $206m since the

WELAB BANK ANNOUNCED THE LAUNCH OF GOWEALTH

WeLab Bank, the virtual bank dedicated to curating intelligent banking experience, announced that it had become Asia’s 1st purely digital bank independent of traditional banking groups in major Asian markets to launch a digital wealth advisory solution- GoWealth Digital Wealth Advisory (GoWealth). GoWealth combines the FinTech strength of WeLab Bank with the investment expertise of Allianz Global

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FEEDZAI RECOGNIZED AS A TOP ANTI-MONEY LAUNDERING SOLUTION BY LEADING ANALYST FIRM

Feedzai, the world’s first RiskOps platform for financial risk management, has been ranked among the top vendors in anti-money laundering (AML) in a Forrester report released today, “The Forrester Wave: Anti-Money-Laundering Solutions, Q3 2022”. “Feedzai leverages machine learning and automation to overcome the difficulty many institutions have with legacy AML programs which operate with siloed,

ALERUS COMPLETES ACQUISITION OF METRO PHOENIX BANK

Alerus Financial Corporation recently announced it has completed the previously announced acquisition of MPB BHC, Inc., the bank holding company for Metro Phoenix Bank. Founded in 2007, Metro Phoenix Bank is the largest full-service community bank headquartered in Phoenix, with approximately $453 million in total assets, $280 million in total loans, and $402 million in total

DERIVATIVE PATH TEAMS UP WITH GOLDMAN SACHS TO DELIVER FX AND GLOBAL PAYMENTS TO US BANKS

Derivative Path, a leading provider of capital markets technology and derivatives execution services to regional and community banks, announced it is collaborating with Goldman Sachs Transaction Banking (TxB) to offer an automated, digital-first payments platform to help financial institutions with spot foreign exchange and international payments. Using TxB’s API-based platform, Derivative Path clients can now provide a

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NATWEST ANNOUNCED THE LAUNCH OF ITS DIGITAL CARBON PLANNER

NatWest announced the launch of its Carbon Planner, a free-to-use digital platform designed to help UK businesses manage their future fuel and operational costs and reduce their carbon footprint to help them go and grow greener. The launch follows the bank’s broader commitment to lend £100 billion to businesses in Climate and Sustainable Funding and Financing by

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WHY THE TIME IS RIGHT FOR MORE IMMIGRATION-FOCUSED FINTECH ?

We’re entering an extraordinary, challenging economic environment – the likes of which many in the fintech sector won’t have experienced in their working lives before. A recession is starting to feel like an inevitability – one that will be compounded by record inflation, soaring interest rates, geopolitical unrest, and an affordability crunch that could last

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THE 5 BEST CRYPTO DEBIT CARDS: SPEND YOUR CRYPTO

What is the best crypto debit card? The Coinbase Visa Card came in as best overall in our review of top crypto debit cards. We compared various fees, rewards, availabilities, business track records, and more to narrow down your best options. Each of these five debit cards allows you to utilize your crypto when making

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IBANFIRST ACQUIRES CORNHILL, A FOREIGN EXCHANGE PROVIDER IN THE UK

iBanFirst announced the acquisition of the London-based FX provider, Cornhill. The acquisition builds on iBanFirst’s long-term funding partnership with private equity firm Marlin Equity Partners, established in June 2021. The acquisition is a testament to the company’s focus on accelerating its international expansion, strengthening partnerships, and cementing market leadership across Europe. Following the post-Brexit transition,

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