Innovation Fintech News
Bahrain FinTech Bay Partners with RTGS.global to Advance FinTech Innovation and Growth
Bahrain FinTech Bay (BFB), Bahrain’s fintech ecosystem builder, has announced a fintech partnership with RTGS.global, a provider of real-time cross-border settlement solutions. By leveraging RTGS.global’s expertise, the collaboration is set to drive fintech innovation and promote sustainable growth, further solidifying Bahrain’s position as a leader in the global fintech landscape. RTGS.global’s instant atomic settlement solution …
Mitigram Partners with Fides to Make Global Trade Finance Seamless
Mitigram is pleased to announce it has partnered with Fides, as Mitigram becomes their trusted partner for trade finance supply. This is in line with Mitigram’s strategy to improve bank communication for corporates. The partnership will enable clients to digitalise their trade finance operations, centralising and simplifying global multibank connectivity and transaction communications, thereby helping …
New Research Reveals Hedging Strategy Divergence Among UK and US Corporates
New research from MillTechFX has revealed UK corporates have dropped their hedge ratios by around six percentage points, possibly due to increased political certainty, while US corporates increased theirs by two percentage points, potentially due to the opposite. The MillTechFX Corporate Hedging Monitor – Q2 2024 surveyed 250 senior finance decision makers at UK and …
Wolverhampton Wanderers FC Appoints Neo as its Official Foreign Currency Exchange Partner
Premier League club Wolverhampton Wanderers FC has today announced the appointment of Neo, the cross-border payments and foreign exchange (FX) fintech, as its Official Foreign Currency Exchange Partner. As Official Foreign Currency Exchange Partner of Wolverhampton Wanderers FC, Neo will handle its FX and multi-currency transfer payments and help the club save on its currency …
EY Selects Treasury Delta for UK Fintech Growth Programme
Treasury Delta, a strategic partner of TMI, have been selected for EY’s prestigious Fintech growth programme. “We are delighted to welcome Treasury Delta to the EY Fintech growth programme, a six-week initiative designed to propel the most promising Fintechs on their journey to success. Treasury Delta’s innovative digital platform stands out, promising a transformative impact on …
Traydstream Appoints New Chief Technology Officer
Traydstream is delighted to announce the appointment of Stephan Hufnagl as its new Chief Technology Officer (CTO). Stephan brings a wealth of experience from his tenure at Microsoft, Google and other engineering companies. His appointment marks a significant milestone in Traydstream’s journey towards technological excellence and innovation. In his most recent role at Microsoft, he …
LuxAG Partners with Arqit and Traxpay to Finance Digital Negotiable Instruments
Arqit, Traxpay and LuxAG have entered into a trade and supply chain financing partnership for LuxAG to invest in digital negotiable instruments (DNIs), enabling businesses to use DNIs to get easy access to new pools of working capital. Leveraging Arqit’s TradeSecure™ application that generates highly secure DNIs, Traxpay’s superior supply chain finance (SCF) technology, and …
Pecunia Treasury & Finance and Treasury Delta Form Strategic Alliance
Pecunia Treasury and Finance (Pecunia), a boutique treasury consultancy firm in The Netherlands, specialising in advising corporate clients on best practice in treasury risk management in the Benelux region, has partnered with Irish FinTech Treasury Delta. Together, they will use digital technology to streamline and simplify corporate treasury transactions with banks and technology vendors. Patrick …
TMI Announces Strategic Partnership with Treasury Delta
TMI are delighted to announce a strategic partnership with FinTech Treasury Delta. In 2020 TMI launched the Innovation Lab to identify treasury FinTechs of the future, in 2021 Treasury Delta were selected to join The Lab. In 2020 TMI launched the Innovation Lab to identify treasury FinTechs of the future, and in 2021 Treasury Delta …
Surecomp and Pelican AI Announce Partnership to Enhance Digital Trade Risk and Compliance
Surecomp today announced that it is partnering with Pelican AI, a global provider of AI-powered financial crime and compliance solutions, as part of a collaborative vision to drive the digital transformation of trade-based risk management. Offering comprehensive solutions to financial institutions worldwide, the new collaboration between Surecomp and Pelican AI will specifically address the need …
New Report Finds that SMEs are Struggling with Unfair Pricing and Slow Cross-Border Payments
A new report from FX and payments provider, Neo, has found that SMEs still rely heavily on traditional banks and struggle with the cost and speed of cross-border payments as a result. The report entitled, ‘Growing pains: the escalating cross-border payment challenges for SMEs’, highlights that traditional banking partners are failing to meet SMEs’ cross-border payments needs. …
UK Trade Activity Stuck in Reverse Gear Amid Challenging Macroeconomic Conditions
Transaction volumes across UK supply chains grew at a lower than expected rate for the fifth consecutive quarter amid a challenging macroeconomic environment. Tradeshift’s latest Index of Global Trade Health shows UK trade activity grew at 5 points below the baseline in Q2, far slower than either the Eurozone or the US. “UK order volumes …
New Report Finds that Corporates are Moving to Diversify FX Counterparties Following Banking Crisis
A new report from MillTechFX has revealed that many corporates in North America are looking to diversify their FX counterparties after the recent banking crisis highlighted the potential risks associated with having only one or two banking partners. The report entitled ‘The MillTechFX North America CFO FX Report 2023: The intensifying FX challenges for corporates’ …
Cleareye.ai Secures Strategic Investment from J.P. Morgan
Cleareye.ai, Inc., the provider of a category-leading digital trade finance solution ClearTrade, for digital automation of trade compliance and operations, today announced it has secured a strategic investment from J.P. Morgan. The ClearTrade Platform, built to revolutionise trade finance, is a leading provider of smart interpretation of data and documents in trade to identify TBML …
Standard Chartered partners Worldpay from FIS to accelerate global expansion of Straight2Bank Pay
Standard Chartered and the world’s largest merchant acquirer, Worldpay from FIS®, have announced a strategic partnership to expand the market coverage of, and enable new capabilities on, Straight2Bank Pay, the Bank’s one-stop digital collections gateway for merchants. This global partnership is a testament to Standard Chartered’s continued investment in its cash management solutions via innovation …
Arqit Brings Data Security Expertise to World-leading Centre for Digital Trade and Innovation
London – A security partnership between the Centre for Digital Trade and Innovation (C4DTI) and Arqit will deliver digitally secure, globally interoperable trade solutions. Coordinated by the International Chamber of Commerce (ICC) United Kingdom, C4DTI is industry-led and government-supported, working to create an open digital trade system based on common, internationally recognised standards. The centre …
Surecomp and Contour Enter Strategic Partnership to Accelerate Interoperability Between Digital Trade Finance Solutions
Surecomp today announced that it is partnering with Contour, one of the global digital trade finance networks, as part of a collaborative vision to drive the digital transformation of trade finance across financial institutions. Surecomp has over 35 years of expertise digitising trade finance processes and its integration with Contour’s decentralised network of banks and …
Finastra’s ESG Service Will Support Banks in Delivering a Sustainable Lending Experience to Corporate Clients
Finastra today announced the availability of its ESG Service, a cloud-native SaaS solution that streamlines sustainability-linked lending. Open and scalable, ESG Service facilitates the integration of sustainability performance target criteria into ESG pricing for both Finastra Loan IQ and other back-office systems in the market. Sustainability-linked loans utilise complex pricing structures with multiple moving parts …
Kyriba Partners with Jiko to Enhance its Marketplace with Direct Access to T-Bills Through a New Investment Application
Kyriba Corp, a global leader in cloud-based finance and IT solutions, and Jiko, a vertically integrated financial institution which offers its clients real-time programmatic access to the yield and safety of T-bills, today announced a strategic partnership, whereby Kyriba’s customers will be able to leverage Jiko’s flagship Money Storage product directly from Kyriba’s Liquidity Management …
Deutsche Bank invests in Australian paytech DataMesh
Deutsche Bank has acquired a strategic stake in Australian paytech DataMesh Group to accelerate the build-up and service offering of the bank’s merchant solutions business across Asia Pacific. Deutsche Bank and DataMesh did not disclose financial terms of the transaction. With DataMesh’s Unify payment orchestration layer, Deutsche Bank can operate seamlessly with individual acquirers in …
Nepi Rockcastle Leverages Citi’s Global CitiConnect API in FinqTreasury Platform
Nepi Rockcastle, a premier owner and operator of shopping centres in Central and Eastern Europe, implemented Citi’s global CitiConnect API solution in FinqTreasury, a next generation treasury management automation platform, developed by Finqware. This is the first successful live integration of CitiConnect API connectivity with a fintech platform in Romania and Bulgaria and one of …
BNY Mellon and Fiserv Expand Real-Time FX Rate Quotes Capabilities for Payments from US Financial Institutions
BNY Mellon and Fiserv, a global provider of payments and financial services technology, have joined forces to deliver additional capabilities for real-time FX rate quotes for payments from U.S. financial institutions. Using innovative application programming interface (API) connectivity, financial institutions leveraging Payments Exchange: Foreign Exchange Services from Fiserv can now seamlessly access BNY Mellon’s real-time …
Surecomp Enables Further Trade Finance Efficiencies with Traydstream Partnership
Surecomp today announced that it has finalised a partnership agreement with the London-based fintech Traydstream to integrate AI powered document checking into its collaborative trade finance platform RIVO™. By offering an integrated solution for document checking, sanction screening, AML detection and other OCR-based compliance checks, RIVO customers will be able take a more proactive approach …
J.P. Morgan Invests in Payments Provider ISG to Improve Ease of Digital Payments
In-Solutions Global Ltd (ISG), a leading payment solutions provider headquartered in India, today announced a strategic investment by J.P. Morgan. Established in 2004, ISG supports more than 17 billion transactions for their clients annually via its proprietary GeniusTM Payments-as-a-Service (PaaS) platform, which provides market-leading stack and scalable capabilities that simplify the payment collection process resulting …
Trovata Partners with J.P. Morgan Asset Management to Make it Easier for Businesses to Invest Excess Cash as Interest Rates Rise
Trovata, a leading bank-connected platform that makes it easier for finance and treasury professionals to manage cash, and J.P. Morgan Asset Management, a global leader in investment management with $2.3 trillion of assets under management, announced they are partnering to help joint customers tap into Morgan Money’s services to access higher yields on corporate investing …
Arqit and Traxpay Sign Contract to Deliver more Efficient, Secure Trade Finance
Arqit Quantum Inc., a leader in quantum-safe encryption, has signed a contract with Traxpay, a leader in supply chain financing solutions, to deliver quantum-safe digital finance instruments, enabling supply chain actors to conduct business more efficiently and securely in the new digital trade era. Deployed directly into Traxpay’s supply chain financing platform which has processed …
Jiko Announces Over $1B in T-Bills Traded, Including a Same-Day Withdrawal of $100M
Jiko, a financial network that revolutionises how money is stored and moved, today announced that it has traded over $1B in T-bills since the summer 2022 launch of its corporate offering, Jiko Money Storage, which provides on-demand liquidity by enabling programmatic investment in T-bills, securely held at leading custody bank BNY Mellon. Jiko also announced …
Conduent Collaborates with BNY Mellon to Launch New Digital Hub that Expands Access to Faster, Easier and Secure Payments
Conduent Incorporated, a global technology-led business process solutions company, today announced the launch of its new Digital Integrated Payments Hub enabling businesses and public sector agencies to access secure, faster, and cost-effective options to send, request or receive payments. By integrating the payment capabilities of BNY Mellon’s trusted infrastructure, Conduent’s new Digital Integrated Payments Hub …
Kyriba and J.P. Morgan Payments Launch New Real-Time Treasury Solution
Kyriba and J.P. Morgan Payments today announce a new real-time treasury solution with a new API that delivers real-time cash visibility and bank reporting, which will be made available to their mutual clients. The end-to-end process automation, using J.P. Morgan’s open banking API capabilities, enhances existing API-based connectivity and enables more frequent data retrieval and …
UK-based Forecasting Innovator Predictive Black Acquired by FatBrain AI
FatBrain AI has acquired Predictive Black Ltd, a UK-based innovator of real-time cash management, financial insights and business wellness for SMEs. The Predictive Black SaaS platform delivers to SMEs personalised forecasts for revenue, costs and cash, innovating the global $135B+ open banking market. It works by securely connecting, aligning and continuously scoring the clients’ financial …
Goldman Sachs Asset Management Partners with Kyriba
Goldman Sachs Asset Management announced today that it has entered into a connectivity agreement with Kyriba, a global leader of enterprise liquidity management solutions, to connect the Goldman Sachs Liquidity Solutions Portal, Mosaic, with Kyriba’s digital Treasury Management System (TMS). The new arrangement will create an end-to-end workflow for investing in money market funds, introducing …
AccessPay and Finastra Deliver Corporate-to-bank Connectivity
AccessPay and Finastra have teamed up to remove the challenges and reduce the costs associated with traditional corporate banking’s host-to-host connections. Enabling banks to offer direct connectivity for payments to a wider range of corporate customers, the partnership strengthens corporate relationships. Banks can now offer seamless connectivity to their corporate customers, to any enterprise resource …
Token Teams up with NatWest Group to Unlock Wider Range of VRP Use Cases
Open Banking payments platform Token today announces it will enter into an agreement with NatWest Group to offer Variable Recurring Payments (VRP) for non-sweeping services. The news, a significant industry development, was delivered by Token’s Chief Product Officer Charles Damen and NatWest Group’s Head of Open Banking Daniel Globerson during a panel session on VRP …
BNP Paribas sign agreement for the acquisition of Kantox
BNP Paribas has announced the signature of an agreement for the acquisition of Kantox, a fintech for automation of currency risk management. Kantox’s software solution has re-bundles the Corporate FX workflow, offering a one-stop-shop, API driven, plug-and-play solution which has emerged as a valuable technology within the B2B cross-border payments sector. Kantox’s technology provides a …
Nomentia Enters into a Partnership with SEB to Provide Bank Connectivity to SEB Clients
Nomentia is partnering with SEB to provide integrations and bank connectivity to SEB’s clients to prepare them for the upcoming changes enforced by P27, the Nordic Payments Platform. P27 will increase the efficiency of payment processing to improve domestic and cross-border payments in the Nordics. Through this partnership, SEB clients will have the possibility to …
TIS Partners with Delega to Offer Customers NextGen Automated Multi-bank Signatory Rights Management
TIS, a cloud-based platform and service provider for payments, cash management, compliance and security, today announced its partnership with Delega, a specialist fintech offering secure, automated multi-bank signatory rights management. The partnership enables TIS and Delega customers to benefit from NextGen electronic bank account management (eBAM). It will leverage Delega’s cutting edge front-end design – …
Surecomp Partners with BIDV to Streamline Trade Finance
Toronto – Surecomp today announced that the Joint Stock Commercial Bank for Investment and Development of Vietnam, commonly known as BIDV, has gone live with its DOKA-NG and allNETT solutions to fully digitise trade finance processing. Supported by local partner, CMC Technology and Solution (CMC TS) in Vietnam, Surecomp was selected by BIDV to deliver …
Finastra and HSBC collaborate to bring Banking as a Service FX capability to mid-tier banks
The move will enable banks to embed FX services directly into corporate and branch channels Finastra and HSBC announced today that they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. This collaboration will take advantage of modern API-driven connectivity with licensed institutions’ secure, …
Deutsche Bank Partners with FinLync to Provide Instant Access to Real-time Treasury for Corporates
Deutsche Bank today announced its partnership with FinLync, a global fintech company offering products that are transforming corporate finance and treasury offices. FinLync’s pre-built API integrations and SAP-embedded treasury applications will enable corporate treasury and finance teams to connect to Deutsche Bank’s API offerings rapidly and easily. FinLync’s technology directly embeds up-to-the-moment bank data into …