October 10, 2024 BY Sam Boughedda

AmerX Leverages Broadridge Technology for New Securities Lending Business

The company explained that the SFCM platform will provide it with essential functionalities to manage its securities lending operations, including collateral management, trade lifecycle management, and risk assessment. They expect it to streamline processes, enhance transparency, and ensure compliance with regulatory requirements. "Broadridge's advanced solution provides the essential system functionalities to enable us to offer…

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Stripe obtains $600M funding at $95B valuation
October 10, 2024 BY Sam Boughedda

Stripe and NVIDIA Expand Partnership to Boost AI Capabilities

The collaboration will see Stripe leverage NVIDIA's GPUs and AI software to improve its fraud detection capabilities and provide businesses with enhanced AI tools. By enabling developers and enterprises to prepay for select NVIDIA cloud services, Stripe said it aims to make NVIDIA's AI platform more accessible to a wider audience. "NVIDIA is one of…

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SIX enhances ESG offering with investment in Ordena Software Solutions
October 09, 2024 BY Sam Boughedda

Truflation Unveils Real-Time AI Index

The index is designed to track the performance of Artificial Intelligence companies and the Real World Assets (RWAs) driving generative AI. The index comes at a time when the global AI market is experiencing rapid growth, projected to reach $1.3 trillion by 2032. With 92% of Fortune 500 companies integrating generative AI into their operations,…

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October 09, 2024 BY Sam Boughedda

Worldline and OPP to Launch Embedded Payments Solution in Europe

The collaboration aims to address the evolving payment needs of businesses operating platforms and marketplaces across Europe. The Embedded Payments solution integrates OPP's specialised payment technology, designed specifically for platforms, with Worldline's acquiring and acceptance expertise, as well as point-of-sale (POS) capabilities. Key features include split payments, advanced escrow management, and mediation handling, all of…

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October 08, 2024 BY Leaprate Staff

ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional Offerings

The investment in Spark Systems creates opportunities to leverage ATFX Connect liquidity within the platform, this builds on ATFX group's commitment to enhance its trading infrastructure which is evidenced by previous milestones. These initiatives have positioned ATFX as a leading player in the industry, providing clients with cutting-edge trading solutions and improved market access. “Investing in Spark Systems aligns with our strategic vision…

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October 08, 2024 BY Sam Boughedda

FTX Plan of Reorganisation Approved By US Bankruptcy Court

FTX's high-profile collapse in November 2022 sent shockwaves through the cryptocurrency industry. It resulted in the criminal conviction of FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for fraud earlier this year. The United States Department of Justice states on its website that "Samuel Bankman-Fried orchestrated one of the largest financial…

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October 08, 2024 BY Sam Boughedda

Instantia Seleects ION FX for Trade Execution and Risk Management

Instantia, which offers users a client-centric way to manage currency exchange, FX strategies, and cross-border payments, was said to be drawn to ION FX's comprehensive end-to-end processing functionality for FX cash and derivative products. ION added that Instantia also appreciated the ability to customise the user interface through ION APIs, which they believe improves the…

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October 08, 2024 BY Sam Boughedda

Nasdaq to Launch PureStream in Europe

PureStream, which is already available in the US and Canada, is expected to be introduced on Nasdaq Europe in the first quarter of 2025, subject to regulatory approval, the company said in its press release on Tuesday. PureStream is said to be designed to facilitate interactions between institutional investors with a common execution goal, enabling…

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October 07, 2024 BY Sam Boughedda

Revolut Calls for Meta Platforms to Reimburse Fraud Victims

According to Revolut's Consumer Security and Financial Crime Report, Meta platforms remain the primary source of scams reported to the company, accounting for 62% of all scams in the first half of 2024. They stated that Facebook was the most common source, followed by WhatsApp and Telegram. Revolut is concerned that Meta's data-sharing partnership primarily…

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