Category: Financial Services

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
January 17, 2025 BY Sam Boughedda

Broadridge Adds GenAI-Powered Advanced Analytics Features to Platform

The enhancement is said to be a key component of Broadridge’s OpsGPT application and aims to streamline trade data analysis and operational reporting. The company explained that the GenAI-powered functionality allows users to generate insights and visualisations from their trade data using natural language, effectively eliminating the need for complex data migrations.  “Integrating this AI…

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Nuvei
January 17, 2025 BY Sam Boughedda

Nuvei Partners with Outpayce from Amadeus to Enhance Travel Payment Solutions

The company explained in a press release that the collaboration is expected to enhance the payment capabilities available to travel businesses, offering transaction processing across various global markets. The partnership allows travel businesses using Outpayce's XPP to access Nuvei's expansive suite of payment solutions.  They add that the integration simplifies the adoption process by providing…

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January 16, 2025 BY Sam Boughedda

Wise Reports 24% Volume Growth in Q3

The company said in its third-quarter results that its growth was driven by its expanding customer base, which now totals over 9 million active users, marking a 20% increase from the previous year. The company's Wise account balances also saw a significant boost, growing by 26% to £16.2 billion. Continued adoption of the Wise account…

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Reduced retail sales curbs the pound
January 16, 2025 BY Sam Boughedda

CAB Payments to Cut 20% of Workforce

The company announced the move in its 2024 pre-close trading update on Thursday, explaining that it is aimed at aligning the company's operational structure with its growth ambitions and improving operational leverage. The decision comes in response to challenging market conditions, including a stronger dollar, reduced aid flows, and political uncertainty impacting demand for cross-border…

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Freetrade raises £30m from existing and new investors
January 16, 2025 BY Sam Boughedda

IG Group Acquires Freetrade in £160m Deal

The move is expected to bolster IG's trading and investment offerings in the UK, helping to expand its reach to new customer segments and enhance its technological capabilities. The deal will be funded in cash from IG’s existing capital resources. Completion is expected in mid-2025. Breon Corcoran, CEO of IG, said it is a “rare…

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equiti logo
January 15, 2025 BY Sam Boughedda

Equiti Gains In-Principle Approval to Launch Investment Fund

It marks the inaugural product under its newly introduced platform, Equiti Wealth, aimed at offering diverse wealth management solutions tailored to long-term investment needs. The Equiti Global Balanced Fund is designed to provide investors with access to a wide array of professionally managed funds, with a minimum investment threshold set at $1,000.  "Today signifies a…

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Clearstream
January 15, 2025 BY Sam Boughedda

Euro Route to Romanian Bond Market Opened by Clearstream

The international central securities depository of Deutsche Börse Group explained that the development, achieved in partnership with BRD Groupe Société Générale and the Romanian central securities depository, Depozitarul Central, allows international investors to invest directly in Romanian government and corporate bonds through their existing Clearstream accounts. The move is expected to enhance market access and…

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January 15, 2025 BY Sam Boughedda

CFPB Sues Capital One: Says Company Cheated Consumers Out of Over $2bn in Interest Payments

The lawsuit alleges that Capital One deceived customers about its 360 Savings accounts, promising "best" and "highest" interest rates while freezing those rates at low levels despite rising interest rates across the market. The CFPB further claims that Capital One simultaneously introduced a similar product, the 360 Performance Savings account. This is said to have…

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January 14, 2025 BY Sam Boughedda

Thunes and Hyperwallet Expand Payout Access Across Asia-Pacific

Hyperwallet is a PayPal service for global payouts. The partnership lets Hyperwallet's customers send real-time payments to over 450 million mobile wallets and bank accounts in countries including Bangladesh, Indonesia, Malaysia, the Philippines, South Korea, and Vietnam. The company said the new alliance comes in response to the rapidly growing digital wallet usage in Asia-Pacific,…

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January 14, 2025 BY Sam Boughedda

Worldline Extends KBC Partnership in New 6-Year Agreement

The new six-year agreement will see Worldline continue to provide issuing and transaction processing services for KBC in the Belgian market. Furthermore, the renewed partnership is expected to build on a strong foundation of trust and co-creation between the two companies, aiming to support KBC's ambitions in the financial sector.  Worldline’s customer-centric solutions and service…

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