Category: Fintech

The company introduced a new FX solution that aims to lower costs and improve risk forecasting for businesses navigating currency volatility. At the core of the collaboration is Ant’s proprietary Time-Series Transformer (TST) AI FX Model, which is said to forecast cashflow and foreign exchange exposure with over 90% accuracy.  The model, trained using time-series…

In a statement, Alpha said it had carefully reviewed the conditional proposal with its financial advisers before deciding to reject the offer. The company did not disclose financial details of Corpay’s bid. Corpay, a Georgia-based provider of business payments and spend management solutions, had previously confirmed it was in discussions with Alpha regarding a potential…

The company said it has introduced new capabilities designed to enhance efficiency and reduce risk for global financial institutions. The enhancements, announced on Tuesday, include tools for fails research, inventory optimisation, and email integration automation.  OpsGPT is said to now leverage “agentic” AI capabilities to provide real-time operational intelligence, helping firms streamline workflows, manage capital…

In a statement, the currency risk management firm said it had received non-binding indicative proposals from three potential bidders: IFX Payments, Lumon Acquisitions (a Pollen Street Capital vehicle), and Terry Clune with Harry Adams.  However, the Board has “unequivocally rejected” the proposals from Lumon and Clune/Adams, while it is continuing talks with IFX Payments over…

The suspension of trading in the company's shares on AIM took effect from 07.30 a.m. today. Argentex said its exposure to a rapidly devaluing US dollar, driven by recent tariff and spending cut announcements from President Trump, had triggered a wave of margin calls linked to its FX forward and options positions.  Argentex noted that…