Category: Fintech

money market funds
March 11, 2025 BY Sam Boughedda

Public Partners with Capitalize to Streamline 401(k) Rollovers

The partnership is aiming to allow members to consolidate retirement savings more easily.  Public will integrate Capitalize’s Rollover API, enabling users to transfer legacy 401(k) accounts into Individual Retirement Accounts (IRAs) directly on its platform. The company explained that the partnership also seeks to address the growing issue of unclaimed retirement funds.  They note that…

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Hong Kong
March 10, 2025 BY Sam Boughedda

Marqeta Partners with Spendesk to Enhance Expense Management for European SMBs

It was revealed that Spendesk, a spend management and procurement platform, will integrate Marqeta’s card processing technology into its Core Banking Platform, offering customers both physical and virtual cards with customisable spend controls.  The collaboration is expected to enhance real-time expense tracking, budget monitoring, and automated financial management for businesses. “Expense management and procurement solutions…

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saxo bank revenues
March 10, 2025 BY Sam Boughedda

Safra Sarasin Group to Acquire a Majority Stake in Saxo Bank

The majority stake was previously held by Geely Financials Denmark and Mandatum Group.  Saxo Bank will continue to operate as a standalone entity, with founder and CEO, Kim Fournais, retaining approximately 28% ownership. Fournais will also continue as CEO. The acquisition is aimed at strengthening both companies, combining J. Safra Sarasin’s wealth management expertise with…

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March 07, 2025 BY Sam Boughedda

Virtu Financial Launches Virtu Technology Solutions

The new product suite is said to be designed to provide sell-side broker-dealers with access to the firm’s advanced execution and workflow technology. The company explained that VTS repackages Virtu Execution Services’ (VES) existing capabilities, which have long been used by institutional clients to enhance market access, trade execution, and analytics.  With this expansion, Virtu…

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financial buildings
March 07, 2025 BY Sam Boughedda

American Express to Buy Software Firm Center

The move is said to be aimed at enhancing its corporate and small business payment solutions. The acquisition is expected to close in the second quarter of 2025. Center’s software integrates real-time expense tracking, automated accounting, and policy compliance tools, streamlining financial operations for businesses.  It is expected that American Express will combine the technology…

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March 05, 2025 BY Sam Boughedda

CAB Payments Appoints James Hopkinson as New CFO

Hopkinson joins the emerging markets-focused FX and payments provider immediately and will be appointed as an Executive Director pending regulatory approval. Hopkinson has over 25 years of experience in global banking, FX, and payments. He spent nearly two decades at Standard Chartered, working across Africa, Asia, and the UK, including as Global CFO of retail…

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brokeree solutions
March 03, 2025 BY Sam Boughedda

ForexVPS Integrates with Brokeree Solutions to Enhance Broker Services

The partnership is said to aim to provide brokers with enhanced hosting infrastructure and access to Brokeree’s flagship investment systems, including Social Trading, PAMM, and Prop Pulse. “This partnership provides premium hosting infrastructure, guaranteeing 99.99% uptime and around-the-clock expert support to ensure a seamless trading experience for brokers and their traders,” said Brokeree. The firm…

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Stripe obtains $600M funding at $95B valuation
February 28, 2025 BY Sam Boughedda

Stripe Total Payment Volume Hits $1.4T in 2024

The payments giant said in a press release that it now handles transactions equivalent to 1.3% of global GDP and is used by half of the Fortune 100, including major corporations such as NVIDIA, PepsiCo, and Comcast. In their annual letter, co-founders Patrick and John Collison attributed the company’s rapid expansion to its AI-driven payment…

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February 26, 2025 BY Sam Boughedda

Bank of Canada to Utilise Clearstream/TMS Group's Canadian Collateral Management Service

TMX and Clearstream said the CCMS, launched in 2024, optimises securities finance activities across the Canadian market, providing domestic tri-party repo capabilities to increase market liquidity.  It is also said to help unlock trapped collateral, improving mobility for repo transactions, securities lending, and margin requirements for derivatives. Bank of Canada Deputy Governor Toni Gravelle highlighted…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
February 24, 2025 BY Sam Boughedda

Nordnet AB Selects Broadridge Shareholder Disclosure Solution

It was revealed that the leading Nordic digital investment platform has been using Broadridge’s API-based solution since September 2024, ensuring compliance with shareholder identification requests while maintaining data security across Sweden and other European markets. “We are firmly committed to the advancement of shareholder democracy throughout the financial services industry,” said Quincy Curry, Director of…

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