Raiffeisen Schweiz has announced its strategic alliance with SIX Digital Exchange (SDX), a trailblazing platform licensed by the Swiss Financial Market Supervisory Authority (FINMA). By becoming a member of SDX, Raiffeisen Schweiz positions itself at the forefront of the digital asset revolution, underlining its commitment to pioneering native digital financial products. Revolutionizing Digital Finance with SDX’s Comprehensive Blockchain Platform SDX’s groundbreaking approach involves leveraging distributed ledger technology (DLT) to operate a stock exchange and Central Securities Depository (CSD). This move aligns seamlessly with Raiffeisen Schweiz’s vision to issue native digital products. SDX’s blockchain-based platform offers an end-to-end solution for issuing,…
Author: Editorial Team
In a strategic move toward digital transformation, First Bank, a US-based family-owned institution, has successfully implemented the Backbase Engagement Banking Platform. This deployment is a pivotal step in First Bank’s overarching strategy to deliver a seamless, digital-first experience for its customers across retail, business, wealth, and lending services, via this bank-fintech partnership move. Elevating Customer Service through Unified Operations First Bank’s adoption of the Backbase platform consolidates its diverse range of services onto a unified platform. This integration spans consumer and business banking to commercial and wealth management, creating a centralized hub for operations. The platform not only streamlines existing…
Allied Payment Network has embarked on a transformative journey, solidifying a strategic partnership with MY CREDIT UNION, a prominent US financial institution. The financial institution-fintech partnership brings together the prowess of Allied’s Ultracs platform and MY CREDIT UNION’s digital banking infrastructure, aiming to redefine the landscape of financial transactions. Paving the Way for Seamless Transactions The integration of Allied Payment Network’s advanced payment tools with MY CREDIT UNION’s robust digital banking platform marks a significant stride in providing customers with the seamless, mobile-first experiences they demand. By combining the Ultracs and Allied platforms, the alliance is set to streamline members’…
M&G Investments has taken the lead in a substantial $30 million seed funding round for the pioneering digital asset trading startup, Global Futures and Options (GFO-X). This significant investment comes as GFO-X gears up for the imminent launch of its cutting-edge digital asset derivatives marketplace tailored for institutional investors. Earlier in May, the company solidified a crucial partnership with the London Stock Exchange clearing house, LCH, ensuring a secure settlement mechanism through its groundbreaking segregated central counterparty clearing service, LCH DigitalAssetClear. Transforming Digital Asset Trading In an era where digital assets are gaining prominence, GFO-X positions itself at the forefront…
Danske Bank, a frontrunner in the Nordic financial services sector, has announced a strategic partnership with Netdania, a leading name in financial technology and part of United Fintech. This collaboration is a pivotal move aimed at transforming Danske Bank’s District platform by leveraging Netdania’s advanced charting technology. The bank-fintech partnership goal is to not only enhance data visualization but also to elevate the overall user experience on the digital platform. Established Bank Enhancing Its Digital Product Innovation This initiative is a testament to Danske Bank’s commitment to innovation and its pursuit of excellence in serving corporate and institutional clients. By…
New York City-based fintech Pontera has successfully secured $60 million in a recent funding round, spearheaded by the notable participation of Iconiq Growth as a new investor. This influx of funds follows Pontera’s previous funding round in February 2022, where it raised an impressive $80 million across three rounds. With Iconiq Growth leading this latest investment, Pontera’s total funding to date reaches an impressive $160 million and creates the buzz in the US fintech funding news. Pontera, formerly known as FeeX and established in 2012, specializes in providing wealth management services tailored for 401(k) participants. The fintech addresses what it…
In a move geared towards enhancing the security landscape for enterprises and banks, Treasury Prime, a prominent embedded banking software company, has unveiled its strategic collaboration with Effectiv, a leading fraud and risk management platform. This partnership introduces Effectiv’s advanced Transaction Monitoring solution to Treasury Prime’s extensive multi-bank network, equipping businesses with powerful tools to combat fraudulent activities. In the face of mounting regulatory scrutiny and an uptick in fraudulent incidents within the financial sector, the need for robust transaction monitoring has never been more pronounced. Effectiv’s comprehensive fraud, risk, and compliance platform offers an end-to-end solution, safeguarding every stage…
TreviPay, a leading player in B2B payments and invoicing, has rolled out an advanced all-in-one payment solution aimed at fostering experiential loyalty among enterprise buyers. This comprehensive solution integrates cutting-edge technology features, offering merchants in various sectors, including retail, hospitality, and manufacturing, the flexibility of payment choice and customization. By leveraging TreviPay’s technology, businesses can reduce friction and enhance loyalty throughout the entire purchasing process. Recent research conducted by TreviPay underscores the significance of payment choice in shaping the experiences of first-time and returning buyers. An impressive 86% of global business buyers highlighted the importance of being able to use…
Crédit Agricole Corporate & Investment Bank, a key player in one of the world’s largest banking groups, has successfully integrated Opensee’s cutting-edge market risk management solution into its Front Office operations. Opensee’s platform consolidates diverse data sets from multiple sources, providing a unified repository that enables Crédit Agricole CIB’s Global Markets management to monitor, analyze, and report risk exposures seamlessly. By leveraging Opensee’s self-service tools, the bank gains a comprehensive view of its trading activities, utilizing a singular source for market data. Opensee’s cloud-native platform goes beyond standard reporting, offering transparent decision-making processes essential for the highly regulated financial industry.…
Global fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) has announced the successful implementation of its cloud-based solution, Sentry, at the renowned global investment firm Carlyle. This strategic move aims to bolster Carlyle’s management of private credit and collateralized loan obligation (CLO) portfolios. The integration of Broadridge’s Sentry private credit and CLO portfolio management technology equips Carlyle with a unified platform for streamlined deal pipeline management, trade compliance, and loan operations. This scalable solution enables enhanced operational efficiency, allowing Carlyle to navigate its growing portfolio seamlessly. Broadridge’s Sentry PM stands out as a robust, web-based solution offering end-to-end functionality for both…