Entercard, which provides card products and consumer loans through partnerships in Sweden, Norway, Denmark and Finland, has been co-owned by Swedbank and Barclays since 2005. It employs around 450 staff and serves 1.5 million customers. “Today we are forming the largest card business in the Nordics and Baltics,” said Tomas Hedberg, Deputy Chief Executive of…
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The firm said on Wednesday that the products span agricultural commodities, energy, metals and freight, and are listed on the Shanghai International Energy Exchange, the Dalian Commodity Exchange and the Zhengzhou Commodity Exchange. The initiative follows Marex’s approval from the China Securities Regulatory Commission to act as an Overseas Intermediary. Marex said demand for these…
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The bank said its new direct payment rails provide “high transaction speed and a scalable platform,” designed to reduce the number of transaction hops compared with the common PSP-driven model. The integration aims to boost success rates while simplifying reconciliation for merchants. Through a single connection to Deutsche Bank’s Merchant Solutions platform, clients gain access…
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Developed by the firm’s Data, Analytics & Innovation team, the tools aim to combine advanced technology with Citi Wealth’s personalised client service model. Advisor Insights is said to provide bankers and advisors with a customised dashboard carrying timely messages on market developments, portfolios and current events, including commentary from Citi Wealth’s Chief Investment Office. AskWealth,…
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The alliance will see BMG leverage StoneX Payments’ technology platform and settlement network, giving it access to over 375 correspondent banks and payment endpoints across 180 countries. The partnership is designed to improve payment efficiency, reduce reliance on intermediary banks, and expand access to underserved markets. StoneX Payments will facilitate foreign exchange and payment processing…
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The companies said in a press release that the collaboration expands their partnership from blockchain to AI-enabled global cash management, aiming to cut foreign exchange costs and improve risk management for Ant International and its clients. Both companies are participants in the Monetary Authority of Singapore’s PathFin.ai programme, which seeks to advance AI adoption in…
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The purchase price is comprised of $135 million at closing, which is expected in the fourth quarter of this year, subject to certain closing conditions, and up to an additional $65 million in potential future earn-outs. The transaction includes intelliflo’s U.S. subsidiaries, RedBlack and intelliflo Portfolio. The company said intelliflo's US-based subsidiaries will be established…
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Under the agreement, Luminex has integrated access to Nasdaq Canada’s CXD trading book, giving users an additional source of non-displayed liquidity. The firm explained that the integration is designed to support efficient block trading, robust size discovery and potential price improvement opportunities, subject to regulatory approval. Luminex, owned and operated by U.S.-based LeveL Markets, has…
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The move was marked by a $100 million commercial paper transaction issued by Oversea-Chinese Banking Corporation (OCBC), with State Street Investment Management acting as the anchor investor and J.P. Morgan Securities as placement agent. The deal showcased the platform’s ability to enable precision-timed settlement, including T+0 settlement, and automated lifecycle management through smart contracts. Integration…
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