iCapital, a leading global fintech platform powering alternative investments for the wealth and asset management industries, has announced a definitive agreement to acquire Parallel Markets, a pioneer in reusable financial identity solutions. The acquisition aims to simplify investor onboarding, enhance compliance verification, and optimize digital identity management for fund managers and wealth advisors. Revolutionizing Investor Onboarding and Compliance “We are excited to welcome the Parallel Markets team to iCapital,” said Lawrence Calcano, Chairman and CEO of iCapital. “Investor onboarding and compliance verification remain significant challenges in private markets. Parallel Markets has developed an innovative reusable investor passport that eliminates redundant…
Author: Editorial Team
Sage Capital Bank, a rapidly growing community financial institution in Central Texas, has chosen Apiture to modernize its online and mobile banking services. The bank, which has doubled its size organically over the past decade and now holds $700 million in assets, aims to elevate customer experience with cutting-edge digital solutions. By integrating Apiture’s Consumer Banking, Business Banking, and Digital Account Opening tools, Sage Capital Bank will provide customers with an intuitive, feature-rich digital experience. Additionally, Apiture’s Data Intelligence will enable personalized banking experiences, improving customer engagement and satisfaction. “Our customers expect secure, convenient banking anytime, anywhere,” said Gene Stroman,…
Imagine signing up for a new online service without the hassle of repeatedly entering your personal details. No long forms, no document uploads—just a secure, seamless experience. That’s the future Prove and Portabl are building together. With its acquisition of Portabl, Prove is enhancing its mobile-based identity verification solutions by integrating Portabl’s expertise in reusable digital identities and W3C-compliant verifiable credentials. This breakthrough will help businesses streamline user verification, build trust networks, and proactively combat fraud. The Power of Reusable Digital Identity Traditional identity verification is often inefficient, requiring users to repeatedly submit the same information across different platforms. Portabl’s…
Planixs, a leading provider of real-time treasury and liquidity management solutions, is pleased to announce the renewal of its long-standing partnership with FirstBank UK. This collaboration reinforces Planixs as a trusted treasury technology provider while equipping FirstBank UK with cutting-edge enhancements to meet evolving regulatory and operational needs. Under this renewed agreement, FirstBank UK will transition to the latest version of Planixs’ Realiti platform—version 18. This upgrade introduces advanced regulatory reporting, enhanced stress testing, and improved liquidity management tools. These new features will help the bank meet strict compliance requirements, optimize cash and collateral management, and improve overall operational efficiency.…
NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in self-service financial solutions, has announced a partnership with nbkc bank, a $1.1 billion-asset financial institution. Through this collaboration, nbkc customers will gain access to Atleos’ Allpoint Network, adding 55,000 surcharge-free ATMs worldwide for seamless everyday banking. Based in Kansas City, Missouri, nbkc sought a cost-effective way to enhance customer convenience by offering banking services at retail locations across the U.S. By joining the Allpoint Network, nbkc customers can now access a vast network of trusted ATMs in retail stores where they already shop. The partnership also enables cash deposits at over…
Square, a leading financial technology company, has partnered with Salt Edge, a top Open Banking platform, to revolutionize payment operations for small and medium-sized businesses (SMEs) in the UK. This collaboration enhances financial transparency, security, and efficiency, helping UK businesses streamline cash flow management. Empowering SMEs with Smarter Financial Tools For over 15 years, Square has been equipping businesses with innovative hardware and software solutions, including Square Online, Square Appointments, and Square for Restaurants. These tools simplify inventory, cash flow, team management, loyalty programs, and marketing—allowing business owners to focus on growth rather than administrative complexity. With its extensive global…
With the rising cost of living and 11.5 million UK residents having less than £100 in savings, building financial security can feel overwhelming. However, setting clear financial goals significantly improves the likelihood of success—those who set goals are 10 times more likely to achieve them. Additionally, 83% of goal-setters report improved financial confidence within a year. To bridge this gap, Moneyhub has launched its Savings Goals API, a powerful tool that helps financial institutions empower customers to save efficiently. By integrating Open Banking technology, this innovative API allows users to set, monitor, and stay committed to their savings objectives, enhancing…
Finastra, a global leader in financial software solutions, hosted its Americas Lending Day event in New York City, bringing together top experts from banking, lending, trade finance, and technology sectors. The event focused on the latest trends, challenges, and opportunities in financial digitization, automation, and standardization. Through keynote speeches, panel discussions, and interactive breakout sessions, attendees gained insights into commercial and corporate lending, trade finance, and emerging innovations shaping the future of financial services. Key Insights from the Event 1. AI is Driving Transformation in Lending Experts highlighted AI’s critical role in streamlining operations and improving customer experiences. AI is…
Zellis has announced a definitive agreement to acquire elementsuite, an AI-powered HR and workforce management (WFM) software provider. This strategic move will integrate elementsuite’s advanced HR capabilities with Zellis’ industry-leading payroll and HR platform, creating a seamless, AI-enhanced solution for businesses across the UK and Ireland. By combining forces, Zellis and elementsuite will offer customers an end-to-end AI-powered HR and payroll suite. Current Zellis customers will gain access to enhanced HR functionality, while elementsuite users will benefit from Zellis’ cutting-edge payroll technology. The unified platform will streamline HR processes, improve workforce management, and enhance employee experiences. Expanding AI Capabilities in…
Spring Financial, a leading Canadian fintech company, is revolutionizing personal finance with the launch of Bloom, an AI-driven financial concierge app. Designed to simplify money management, Bloom provides Canadians with a clear financial overview, real-time insights, and AI-powered assistance—all in one easy-to-use mobile app. At the heart of Bloom is Oscar AI, Canada’s first AI financial assistant, offering instant answers to users’ money-related questions. Whether it’s tracking monthly Uber expenses, managing subscriptions, or comparing spending habits to national averages, Oscar AI delivers personalized financial insights in seconds. “With rising financial complexity and limited tools to provide a full financial picture,…
