All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
OpenFX secures $23m funding to enhance cross-border payments
The funding, led by Accel and supported by investors like Castle Island Ventures, Flybridge, Hash3, Lightspeed Faction, and NFX, follows OpenFX reaching $10bn in annualised transaction volume
Ant International, HSBC launch tokenised deposits in Hong Kong
The tokenised deposit service enables continuous HKD and USD payments between corporate wallets at HSBC Hong Kong, as the first bank-led blockchain-based settlement service in the region
Passthrough taps BlackRock’s Aladdin to enhance investor experience
The collaboration integrates Passthrough’s digital subscription technology, allowing clients to digitise their investor onboarding processes and offer scalable investor relations solutions.
SCB implements OneSumX solution to enhance GRC capabilities
SCB will adopt Wolters Kluwer’s phased, modular approach to enhance data accuracy, operational efficiency, and optimised resource allocation, through OneSumX solution suite
CrediLinq secures $8.5m to enhance B2B embedded financing
CrediLinq aims to use the funding to enhance CrediLinq’s global reach and technology capabilities, with plans to expand geographically, in the US, followed by the UK and Australia
FalconX partners with Standard Chartered to expand offerings
FalconX will initially use Standard Chartered’s currency pairs to improve the speed, scale, and cross-border settlements, followed by developing additional products and services for its institutional clients.
TIFIN launches AI platform AXIS to enhance middle office operations
TIFIN AXIS builds on TIFIN’s AI capabilities and Palantir’s data infrastructure, and aims to enhance efficiency, reduce risk, and eliminate bottlenecks in wealth enterprises and asset management firms
Apex Fintech, ília Digital partner to transform digital investment platforms
The collaboration will use Apex AscendOS’s advanced API-driven infrastructure to empower banks and financial institutions to offer enhanced, customised investment experiences.
Barclays, Ant International partner for AI-driven FX management
The collaboration aims to reduce foreign exchange (FX) costs and risks for businesses by integrating Ant International’s Time-Series Transformer (TST) AI FX Model, which forecasts cashflow and FX exposure
Aztec, Warburg Pincus enter strategic partnership for US market
As part of the partnership, Warburg Pincus joins Aztec as a minority shareholder and an important client, enhancing the latter’s expansion, especially in the US market