Oracle has expanded its Oracle Banking Cloud Services portfolio to provide banks with a range of tools and solutions for transaction banking. These services aim to enhance cash management, liquidity management, and virtual account management for banks, ultimately improving their visibility and forecasting capabilities. The goal is to enable customers to use their cash more…
Finastra has recently announced a significant multi-year global agreement with Microsoft that focuses on modernizing their trade platform. This partnership is intended to enhance the capabilities of Finastra’s Trade Innovation and enable banks to provide better services to their customers while adapting to evolving needs and regulations. Here are some key points from this announcement:…
Genpact, a global professional services firm, has expanded its relationship with Amazon Web Services, Inc. (AWS) to enhance its financial crime risk operations using generative AI and large language models (LLMs). This collaboration involves integrating Genpact’s proprietary cloud-based financial crime suite, riskCanvas™, with AWS’s Amazon Bedrock, a fully managed service for deploying foundation models (FMs)…
Bloomberg has announced the successful completion of its acquisition of Broadway Technology, a company specializing in high-performance front-office financial technology solutions. This acquisition is significant as it combines Bloomberg’s Electronic Trade Order Management Solutions (ETOMS) with Broadway’s low-latency execution management solution, resulting in a comprehensive, low-latency order and execution management solution designed for the credit…
This announcement from Broadridge Financial Solutions, Inc. highlights that UBS has successfully implemented a sponsored repo solution on Broadridge’s Distributed Ledger Repo (DLR) platform. Here are the key points from this announcement: In summary, the implementation of Broadridge’s sponsored repo solution by UBS demonstrates the increasing adoption of distributed ledger technology in the financial sector,…
The provided information outlines a significant collaboration between Integrity Marketing Group and BNY Mellon’s Pershing X through the adoption of the Wove wealth management platform. Here are the key points from the text: In summary, Integrity Marketing Group is leveraging the Wove platform to enhance its wealth management capabilities, and this collaboration with BNY Mellon…
The provided information outlines several key developments and initiatives related to Silicon Valley Bank (SVB) and its payment platforms: In summary, SVB is actively working to enhance its payment platforms, with a particular focus on real-time payments and integrated solutions, to provide efficient and robust financial services to its clients.
Lloyds Bank Cardnet, as part of Lloyds Banking Group, has announced a strategic partnership with FreedomPay, a consumer-centric commerce platform. This partnership aims to provide advanced payment processing capabilities to merchants using Lloyds Bank Cardnet, enhancing the customer experience for businesses across various industries. Lloyds Bank Cardnet is a significant player in the UK payments…
Pega Systems Inc. has introduced the Pega Financial Crime and Alerts Investigation Management Accelerator, a solution aimed at helping financial institutions cope with the increasing number of risk alerts and streamline investigations related to financial crimes. Financial crimes, such as fraud, money laundering, and sanctions violations, are on the rise, and this puts significant pressure…
Bendigo and Adelaide Bank, a prominent Australian financial institution, has entered into a partnership with nCino, Inc. The goal of this partnership is to streamline and elevate their business banking operations. Adam Rowse, Chief Customer Success Officer for Business Bank and Agribusiness at Bendigo and Adelaide Bank, emphasized their commitment to simplifying operations, providing the…