Category: Fintech

October 18, 2024 BY Sam Boughedda

Bank Rakyat Indonesia Partners with Nium to Boost Cross-Border Payments in Indonesia

The firm explained in a press release that the collaboration aims to provide BRI's customers with faster, more convenient, and cost-effective international money transfers. Through the partnership, BRI's 150 million customers will have access to a range of real-time payment options, including bank account transfers, card payments, and digital wallets. This is said to be…

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October 11, 2024 BY Sam Boughedda

CAB Payments Confirms StoneX Acquisition Proposal

The company said in a release that the proposed offer values CAB Payments at £1.45 per share, consisting of both cash and a full share alternative. The offer represents an 18% premium over CAB Payments' stock price of 123 pence. CAB Payments was listed on the London Stock Exchange in July last year. However, its…

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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 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 03, 2024 BY Sam Boughedda

DXtrade Partners with Finalto to Enhance Liquidity Provider Services

Finalto, an aggregator of Tier 1 bank liquidity providers and established non-bank market makers, offers a bespoke liquidity pool tailored to connect demand with market supply as quickly as possible. By integrating with DXtrade, brokers will have access to Finalto's liquidity services, including predictive and scenario analysis tools, real-time insights, and improved order execution. The…

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Visa
September 27, 2024 BY Sam Boughedda

Visa to Acquire AI Payments Protection Firm Featurespace

The acquisition is aimed at strengthening Visa's portfolio of fraud detection and its ability to combat fraud and financial crime. Featurespace, founded at Cambridge University, utilises advanced algorithms to analyse transaction data and detect even sophisticated fraud attempts. "Since its inception out of Cambridge University's engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze…

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