Search Results for: legacy systems

Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator
Fintech News

Finastra expands Fusion LIBOR Transition Calculator

Fintech News Desk
by Fintech News Desk0
Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on 2021. In addition to SOFR for the US dollar and SONIA......
PROHASHING Becomes World’s First Mining Pool to Offer Payouts Directly to US Banking System
Fintech News

PROHASHING Becomes World’s First Mining Pool to Offer Payouts Directly to US Banking System

Fintech News Desk
by Fintech News Desk0
PROHASHING, a cryptocurrency mining pool based out of State College, PA, has become the first mining pool in the world to offer US Dollar payouts directly to the United States banking system. In the past, it has only been possible to exchange earned coins for US Dollars or to be......
Jump Trading Takes the Leap with VAST Data to Accelerate Its Research Pipelines
Fintech News

Jump Trading Takes the Leap with VAST Data to Accelerate Its Research Pipelines

Fintech News Desk
by Fintech News Desk0
VAST Data’s Universal Storage Selected by HPCwire Readers for Best Use of HPC in Financial Services VAST Data, the storage software company breaking decades-old tradeoffs, announced that Jump Trading Group selected VAST’s highly performant, low-latency Universal Storage as the foundation to its high-performance computing (HPC) cloud infrastructure. As a global......
FICO Launches Powerful Next-Generation Originations Solution for Digital-First Account Openings
Fintech News

FICO Launches Powerful Next-Generation Originations Solution for Digital-First Account Openings

Fintech News Desk
by Fintech News Desk0
With FICO Originations Solution, Powered by FICO Platform, financial institutions can put their customers in the driver’s seat. Highlights FICO launched its next-generation loan origination solution, FICO Originations Solution, Powered by FICO Platform, which provides financial services providers the ability to transform their customers’ digital onboarding experience. Built on FICO......
Plate IQ Raises $160 Million From FTV Capital To Close The Supply Chain Payments Gap Between Vendors And Operators
Digital Payments News

Plate IQ Raises $160 Million From FTV Capital To Close The Supply Chain Payments Gap Between Vendors And Operators

Fintech News Desk
by Fintech News Desk0
Under leadership of new CEO Barrett Boston, funding will help expand Plate IQ’s VendorPay network and footprint across new industries with holistic and vertically purpose-built solutions Plate IQ, the leading restaurant and hospitality accounts payable (AP) automation and payments platform, announced that it has raised $160 million in Series B......
PactFi, the Women-led Fintech, Raises VC Funding to Streamline Trillion Dollar Private Credit Market
Fintech Investments News

PactFi, the Women-led Fintech, Raises VC Funding to Streamline Trillion Dollar Private Credit Market

Fintech News Desk
by Fintech News Desk0
PactFi, the New York-based Fintech focused on solving the pain points of the $1trillion private credit market, announces the close of its first institutional VC fundraise to streamline deal workflows in the $1 trillion private credit market. Terms of the financing were not disclosed. PactFi, which is founded and run by women of color,......
Everest Group Recognizes GFT As A "Major Contender" For Application And Digital Services In Banking
Banking Mobile Banking News

Everest Group Recognizes GFT As A “Major Contender” For Application And Digital Services In Banking

Fintech News Desk
by Fintech News Desk0
— Banks boost competitiveness with digital banking based on new generation of cloud-native core banking systems — Benefits include enhanced responsiveness, customer centricity, and reduced costs — GFT is a leading global specialist in implementing and customizing cloud-native core banking systems — BankLiteX launched by GFT and Thought Machine with......
Juniper Research: Blockchain to Facilitate $10 Billion Savings Globally in Cross-border Payments, as Operational Efficiencies Take Effect
Blockchain Fintech News

Juniper Research: Blockchain to Facilitate $10 Billion Savings Globally in Cross-border Payments, as Operational Efficiencies Take Effect

Fintech News Desk
by Fintech News Desk0
Cost savings will see 3,300% growth by 2030 A new report from Juniper Research has found deployment of blockchain for cross-border settlement will drive increasingly significant cost savings for banks; rising from $301 million in 2021 to $10 billion in 2030. Blockchain implementation in cross-border settlement will enable stakeholders to leverage improved......
Egypt's MIDBANK Selects Temenos to Power its Digital Transformation
Banking Fintech Mobile Banking News

Egypt’s MIDBANK Selects Temenos to Power its Digital Transformation

Fintech News Desk
by Fintech News Desk0
Temenos Transact and Temenos Infinity will power the bank’s digital banking transformation to meet customers’ future needs as an agile, high-touch, high-tech bank Temenos, the banking software company, announced that MIDBANK, a universal bank in Egypt providing retail, corporate, and investment banking services, has selected Temenos’ open banking platform to......
SWAP Launches Modern Payment Security Infrastructure with Thales to Accelerate Route to Market
Banking Digital Payments News

SWAP Launches Modern Payment Security Infrastructure with Thales to Accelerate Route to Market

Fintech News Desk
by Fintech News Desk0
Thales and First Tech enable fintech, SWAP, to leapfrog legacy systems and provide customers with fast, secure digital services SWAP has seen a four-fold increase in its customer portfolio In partnership with First Tech, global technology company Thales announced it has helped venture capital-backed financial service provider SWAP launch its......
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