Alternative investment fintech iCapital to acquire UBS Fund Advisor
The deal includes the AlphaKeys Funds platform, which represents more than $7 billion in client assets.
The deal includes the AlphaKeys Funds platform, which represents more than $7 billion in client assets.
Hummel brings over 25 years of experience leading global engineering and technology teams to MX.
The app will offer stock trading, investment management, an e-wallet, crypto trading and FX capabilities.
Iyo Bank has tapped DTCC to achieve “no touch” post-trade processing for equities and fixed income transactions.
Capital on Tap says the funding will help SMEs access credit at a time when the UK is anticipating a recession.
BCFC hopes to enhance the infrastructure of its mobile and web customer channels.
Davy will deploy the Torstone Platform for its post-trade processing.
The partnership aims to streamline the invoice-to-cash payment cycle for businesses.
The solution will offer users an alternative to funding transactions through card payments or online banking.
Paynas provides employee management and payment services to MSMEs.
Toperty is based in Colombia and Saturn5 is based in Mexico City.
The new digital offering is powered by enterprise solutions provider Narmi.
As Feinstein retires, Brandon Williamson has been appointed regional managing director for acquiring in South Africa.
The deal is expected to close in Q4 2022.
The firm’s prebuilt CabbageLink technology can be integrated into mobile apps and online stores.
Moonbeam says its digital banking products will aim to emphasise financial literacy and economic mobility.
Truist identified the Arena platform as “an investment that will help us deliver better financial experiences”.
The new platform leverages R3’s Corda DLT software.
The latest raise brings the fintech’s total funding to date to $216 million in equity and debt.
PassFort says the solution will enable “seamless” onboarding for business customers.
The Swiss banking group has announced a flurry of new appointments.
With the acquisition, Celero says it will serve 53,000+ merchants in the US, processing $21bn in annual card volume.
MVB Financial is aiming to grow its government guaranteed lending business.
The FCA is “proactively monitoring the market to ensure expectations are met”.
Narasimhan previously served as senior vice president of Visa’s merchant and acquiring business in Europe.
Gravity’s new CEO thanked Price for “his time forming and leading” the company.
Jar claims to have racked up 10 million users since its launch last year.
The deal values Covalto at $547 million and will see the firm listed on the Nasdaq exchange.
The bank will support the creation of more than 100,000 jobs and 20,000 new homes.
The Filipino firm will implement the Avaloq Core Platform.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Swyftx says 74 employees will be laid off as the firm grapples with global economic uncertainty.
eToro says the acquisition is a “key step” as it looks to diversify its offering to US users.
The start-up bank in Iraq has opted for core banking tech supplier ICS Financial Systems (ICSFS).
BOQ, Virgin Money and ME Bank will eventually transition to Temenos’ cloud-based core software.
Sanders will drive OpenFin’s digital transformation efforts for end-users across its ecosystem.
Pomelo’s investors include celebrities The Chainsmokers and The Weeknd.
BankProv CEO Dave Mansfield says working with Republic will “expand access to new investment opportunities”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UMe members will be able to access Bankjoy’s digital banking platform, including mobile and online banking.