Apex Corporation, a global financial services provider, today announced its proposed acquisition of Bank of America Custodia Services (Ireland) Limited, the business of Bank of America’s depository in Ireland. Apex Group will acquire BACSIL through its subsidiary, the European Deposit Bank (“EDB”). BACSIL is an inbound and outbound fund custodian solution serving a multitude of
BNY Mellon and Fiserv, one of the world’s leading providers of payment technology and financial services, have teamed up to provide additional real-time exchange rate quotes for their payments. US financial institutions. With innovative application programming interfaces (APIs) connectivity, financial institutions leverage Payment Exchanges: Fiserv exchange services can now seamlessly access BNY Mellon real-time exchange
Corporate Bank of England has agreed on an initial guarantee of £175 million to a commercial lender, DF Capital. This guarantee will allow Manchester-based DF Capital to provide up to £225 million more in inventory financing each year through commercial floor plans and unit storage solutions for manufacturing companies. UK small and medium enterprises. This
FinTech describes technology that drives innovation in financial services. It drives automation and enhances online business, giving consumers control and management of their accounts. Consumers and businesses can use FinTech every day through automated financial transactions and other technological breakthroughs. We’ll explore how FinTech is modernizing and revolutionizing corporate and consumer financing. What is financial
Momnt, a financial technology company that provides real-time lending and payment solutions to businesses as needed, announced a strategic partnership with Paradigm to launch Paradigm Finance, a platform Leading finance for home improvement contractors. Through this partnership, Paradigm Finance users now have the ability to provision and manage all aspects of point-of-sale financing directly within
FNZ, the global asset management platform, has agreed to acquire YieldX, a US provider of bond portfolio management technology, optimization services and direct indexing tools to the industry. Asset Management. Financial institutions, advisors and their clients will benefit from the unique combination of FNZ’s full-service platform and YieldX’s digital infrastructure and technology solutions. These innovative
The payments industry was once dominated by a handful of giants, but now sees near-constant market entry by fintech companies, each offering disruptive thinking and technology. new technology in this field. This means an innovative mindset must become the norm for any brand looking to influence payments. As we’ve seen in retail, media and banking,
Anyfin, a Swedish startup that offers refinancing of consumer loans and credit card debt using a combination of artificial intelligence and snapshots of current statements and payment terms. debt pocketed $30 million in a Series C funding round led by existing investor Northzone. Launched in November 2017, Anyfin founders Filip Polhem, Mikael Hussain and Sven
Intuit, the global financial technology platform that powers TurboTax, Credit Karma, QuickBooks, and Mailchimp, has extended the Intuit QuickBooks Business Network’s capabilities to millions of small and medium-sized businesses in the United States, creating one of the largest business networks – business networks (B2B) to accelerate and automate B2B payments and improve overall cash flow.
European B2B payments platform Sprinque has raised a €6 million funding round led by Connect Ventures, with participation from Kraken Ventures, Inference Partners and SeedX. Existing investors Antler, Volta Ventures and Force Over Mass also participated in the round. Sprinque’s B2B payment platform allows merchants and marketplaces to offer invoice payments with clear payment terms
Worldline, the world leader in payments services, is proud to announce that it has been awarded the title of Top Employer 2023 in Europe and Asia-Pacific by the Leading Employer Institute, a global body that recognizes excellence in people management. The recognition affirms Worldline’s global leadership in HR best practices Worldline participated in a leading
Ongoing economic uncertainty and inflated valuations are having a dramatic impact on the fintech funding cycle. Last year’s numbers paint a bleak picture – according to CB Insights, fintech companies raised $20.4 billion in Q2 2022, almost half the amount raised in the quarter. 2 years in 2021. With fintech valuations and start-up capital plummeting
