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Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights 1st March 2023

FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.

Ontra Acquires FundFormer to Help Asset Managers Raise Funds Faster

Ontra, the leading provider of contract automation and intelligence for the world’s most prominent asset managers, announced the acquisition of FundFormer, a top electronic subscription document provider for fund managers and their investors. The acquisition will allow Ontra’s asset management customers to raise funds faster and more efficiently, while providing a superior investment experience for their limited partners.

ICRA upgrades Outlook to Stable, while re-affirming long-term Rating of Edelweiss Financial Services

Edelweiss Financial Services Limited (“EFSL”) announced that ICRA, one of India’s leading credit rating agencies, has re-affirmed the Credit Rating of ‘[ICRA]A+’ to the Retail NCD Programme of the Company and has upgraded the outlook from Negative to Stable. The upgrade in the outlook reflects the Group’s stable financial performance and sustained debt reduction coupled with the strong fundamentals and improved outlook for the business.

Marqeta Announces Expansion of its Credit Platform, Further Empowering Customers to Design Innovative Credit Card Experiences

Marqeta the global modern card issuing platform, announced a significant expansion of its credit platform with a new, intuitive dashboard and over 40 new credit APIs that enable customers to design, test, and launch differentiated credit card experiences. Marqeta’s credit platform provides customers with greater flexibility and control than legacy credit solutions, with customers also having the option to leverage First National Bank of Omaha (FNBO)’s leading program management and banking capabilities alongside these new features.

Kevin Mechtley Named to Sammons Independent Annuity Group Leadership Team

Sammons Financial Group, Inc. has named Kevin Mechtley to a new role as Vice President, Business Development and Chief Innovation Officer. In this position, Mechtley will have a dual focus on new product innovation and strategic relationship building. Mechtley – who moves from Sammons Financial Group’s legal team where he led the government affairs unit – will use his vast annuity industry experience and longstanding distribution relationships to further expand Sammons Financial Group’s annuity offerings and competitive position.

DocFox Automates Complex, high-risk Business Member Onboarding for VSECU

DocFox, the leading provider of automated business account opening software for financial institutions, announced VSECU has chosen the fintech to automate complex account onboarding for its business members.

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