Category: Fintech

The company, which designs, engineers and markets a growing range of trading and investing products, said it is aiming to enhance Exinity's trading platform and provide trading and investing experiences across various asset classes. Over the upcoming year, it is expected that Exinity Group's trading capabilities will be enhanced by the integration of TraderEvolution's technology,…

This investment spearheads a $7 million funding round for Pemo. Founded in 2022, Pemo focuses on serving small and medium-sized enterprises (SMEs) in the UAE. They offer corporate cards and a platform to manage business expenses and payments. Augmentum explained in a press release that, with only 1.7% of payments currently made using corporate cards…

The companies said in a press release that the partnership will integrate IDVerse's advanced identity verification tools and infrastructure into LSEG's existing suite of digital identity and fraud solutions, allowing businesses to scale global operations and improve the speed and reliability of customer onboarding processes. IDVerse's technology is powered by generative AI and is designed…

NovoPayment, which specialises in delivering digital banking, payments, and card solutions, is expected to use the funding to help accelerate its product and commercial growth and strengthen its position in the banking and payment vertical SaaS market. NovoPayment's platform aims to let banks, fintechs, and other financial institutions deliver digital financial and payment services.  Its…

The investment marks big xyt's first external funding round after a decade of profitable, bootstrapped growth. The company said in a press release that the funding will be used to accelerate its global expansion into Europe, the US, and APAC, as well as to fuel its product development and team growth. Big xyt provides data…

The company said in its press release that the collaboration marks a step towards bridging the gap between traditional finance and digital assets. Built on the Ethereum blockchain, uMINT offers investors access to UBS Asset Management's institutional-grade cash management solutions.  By tokenizing the assets, UBS aims to cater to the growing demand for digital financial…

Essentially, the companies executed the first blockchain-based SGD transaction using Ant International's blockchain-based Whale platform. "To enable this transaction, Standard Chartered plugged into Ant International's Whale Platform to offer the liquidity necessary to conduct this transaction which is a significant step forward towards instant and 24/7 treasury management," reads the press release. The approach optimises…

The company revealed Wednesday that the number of active customers increased by 25% year-over-year, reaching 11.4 million. Revenue surged 19% to £591.9 million, driven by a 19% increase in cross-border volume to £68.4 billion. Reported profit before tax came in at £292.5 million, rising a significant 51% from the previous year. Wise said it continues…

The company explained that the move strengthens its position in the Canadian financial services market, enabling it to offer comprehensive wealth management and capital markets solutions to Canadian firms. The acquisition of SIS, which specialises in clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management, align with Broadridge's target of…