Search Results for: balance sheet

Porter Capital Closes the Year by Funding a $20M Facility in Just Three Weeks
Fintech Fintech Funding News

Porter Capital Closes the Year by Funding a $20M Facility in Just Three Weeks

Fintech News Desk
by Fintech News Desk0
Porter Capital, a leading provider of accounts receivable financing and asset-based lending solutions for businesses nationwide, announced the funding of a $20 million facility in just three weeks. The client is a publicly-traded company who specializes in manufacturing machine tools and machines. The company sought a $20,000,000 line to be......
LMRKTS Helps Banks Bridge the SA-CCR Adoption Gap
Banking Fintech News Risk Management

LMRKTS Helps Banks Bridge the SA-CCR Adoption Gap

Fintech News Desk
by Fintech News Desk0
LMRKTS, an industry-leading optimization and compression provider, announced the completion of its third optimization cycle for clients who calculate their capital requirements using the Basel Committee on Banking Supervision’s Standardized Approach for measuring Counterparty Credit Risk (SA-CCR). Banks face new challenges in post-trade counterparty exposure management as SA-CCR is being......
Nasdaq-Launches-New-Risk-Platform-for-the-Sell-Side-and-Broker-Clearing-Industries
Business Fintech News Risk Management

Nasdaq Launches New Risk Platform for the Sell-Side and Broker Clearing Industries

Fintech News Desk
by Fintech News Desk0
Nasdaq (NDAQ) unveiled the enhanced Nasdaq Risk Platform, a real-time single point of access risk platform for sell-side and clearing broker communities. The cloud-based risk platform provides visibility of initial margin, counterparty risk controls and improved risk-adjusted outcomes across asset classes. The Nasdaq Risk Platform has an open and flexible risk aggregation......
CME-Group-and-IHS-Markit-to-Form-Leading-Post-Trade-Services-Joint-Venture-for-OTC-Markets
Business Fintech News Trading

CME Group and IHS Markit to Form Leading Post-Trade Services Joint Venture for OTC Markets

Fintech News Desk
by Fintech News Desk0
CME Group (NASDAQ: CME), the world’s leading and most diverse derivatives marketplace, and IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that they have agreed to combine their post-trade services into a new joint venture. The new company will include trade processing and......
MetaBank Study Reveals Digital Banks Should Focus on Growing Share of Banking
Banking Fintech Investment Services News

MetaBank Serves As Agent for Distributing Prepaid Debit Cards As Part Of Economic Impact Program

Fintech News Desk
by Fintech News Desk0
Meta Financial Group, Inc.® (Nasdaq: CASH) (the “Company”) today announced that MetaBank (“MetaBank” or the “Bank”), a wholly-owned subsidiary of the Company, has again been asked to disburse Economic Impact Payments (“EIP”) funds through the distribution of prepaid debit cards, a program authorized by the U.S. Congress through the Consolidated......
Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round
Business Fintech Investment Services News

Pico Names Intel Capital as New Investor and Completes $135 Million Investment Round

Fintech News Desk
by Fintech News Desk0
Pico will benefit from Intel Capital’s strong expertise in disruptive technology innovation and value-added approach to accelerate its next phase of growth Pico, a leading provider of technology services for the global financial markets community, today announced it recently closed on a strategic investment with Intel Capital, Intel Corporation’s global investment......
Moody’s-Acquires-ZM-Financial-Systems_-Bolstering-Risk-Assessment-Capabilities-for-U.S.-Banks
Banking Fintech News Risk Management

Moody’s Acquires ZM Financial Systems, Bolstering Risk Assessment Capabilities for U.S. Banks

Fintech News Desk
by Fintech News Desk0
Moody’s Corporation (NYSE:MCO) announced today that it has acquired ZM Financial Systems (ZMFS), a leading provider of risk and financial management software for the U.S. banking sector. The transaction advances Moody’s position as a leader in integrated risk assessment by broadening Moody’s Analytics’ suite of enterprise risk solutions, which help......
Foley Trasimene Acquisition Corp. II and Paysafe, A Leading Global Payments Provider Focused on Digital Commerce and iGaming, Announce Merger
Business Fintech News

Foley Trasimene Acquisition Corp. II and Paysafe, A Leading Global Payments Provider Focused on Digital Commerce and iGaming, Announce Merger

Fintech News Desk
by Fintech News Desk0
~ Paysafe operates a unique two-sided network and processes nearly $100 Billion in Volume ~ ~ Bill Foley to become Chairman of the board of directors and Paysafe CEO Philip McHugh will continue leading the Newly Combined Company ~ ~ Transaction and partnership with Foley Trasimene will accelerate growth, enhance......
London Fintech Updraft Raises £16m to Help People Break up With Their Credit Cards
Fintech Fintech Funding Investment Services News

London Fintech Updraft Raises £16m to Help People Break up With Their Credit Cards

Fintech News Desk
by Fintech News Desk0
Updraft, a part lending, part credit report, and part financial planning app designed to tackle escalating consumer borrowing, has secured £16m in funding to help its member’s avoid unnecessary credit card and overdraft charges. The funding arrives in the form of equity and debt, with specialist investment firm Quilam Capital......
Occupier Helps Retailers Identify Real Estate Opportunities Amid Covid-19, Drives Digital Adoption Among Brokers and Tenants
Business Fintech News

Occupier Releases ASC 842-Compliant Lease Accounting Software

Fintech News Desk
by Fintech News Desk0
Occupier, a modern real estate lease management platform for businesses, announced today the release of its third module that enables companies to gain compliance with new lease accounting standards under FASB ASC 842 and IFRS 16. Read More:  insightsoftware Announces Intent to Acquire IDL Group Following the new lease accounting......
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