Clearing house

Brett Pitts Joins DailyPay's Board of Directors

Retrieved on:

木曜日, 5月 2, 2024

School, University, Small business, Executive, Clearing house, Bank of Montreal, Wells Fargo, The Clearing House, Business administration, DailyPay, Digital, BMO, Workforce, Growth, Moses Austin, Management

NEW YORK, May 2, 2024 /PRNewswire/ -- DailyPay, a worktech company and the leading provider of earned wage access, today announced that Brett Pitts has joined its Board of Directors. Pitts, an accomplished leader in the banking and payments industries, brings decades of experience to DailyPay from prominent financial institutions and financial services companies where he drove innovation as an executive leader and board member.

Key Points:

NEW YORK, May 2, 2024 /PRNewswire/ -- DailyPay, a worktech company and the leading provider of earned wage access, today announced that Brett Pitts has joined its Board of Directors.
Pitts, an accomplished leader in the banking and payments industries, brings decades of experience to DailyPay from prominent financial institutions and financial services companies where he drove innovation as an executive leader and board member.
"Brett has been a trailblazer in the banking and payments space, both in commercial and consumer financial services, and we look forward to having him on DailyPay's Board of Directors."
Pitts has served on several boards and advisory groups, including Moneris, The Clearing House, Early Warning Services, and Kids Help Phone.

Bitnomial Reports Q1 2024 Record Volume and Open Interest, Options Launch, and FCM Launch

Retrieved on:

木曜日, 4月 11, 2024

Bitcoin, CFTC, DCO, FCM, DCM, CTFC, Partnership, Clearing house, Growth, Miner, Cryptocurrency

CHICAGO, April 11, 2024 /PRNewswire/ -- Bitnomial, a CTFC-regulated digital asset derivatives exchange, clearinghouse, and settlement business, today announced metrics for the quarter that ended March 31, 2024 in addition to highlighting the expansion of its Bitcoin Product Complex and clearing services.

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Additionally, the introduction of our wholesale clearing FCM and physical options trading has been met with unprecedented demand, particularly from institutional clients.
Last December , Bitnomial subsidiary, Bitnomial Clearinghouse, was granted a US clearinghouse license to clear margined futures and options trades.
In January of 2024, Bitnomial executed the first Bitcoin options trade on the exchange making Bitnomial the only US exchange to offer leveraged physical crypto options trading.
Later in Q1, Bitnomial completed its first trade under its newly launched wholesale FCM business, Bitnomial Clearing, which offers institutional brokers additional collateral management services alongside the product offerings available on Bitnomial Exchange.

EQS-News: CompuGroup Medical US announces CEO transition

Retrieved on:

水曜日, 4月 10, 2024

CGM, Acquisition, News, LIS, Electronic health record, Clearing house

Austin, TX – Underlining the commitment to its second largest market worldwide by revenue, CompuGroup Medical announces the appointment of Benedikt Brueckle as its new Chief Executive Officer for the US, effective January 1, 2025.

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Austin, TX – Underlining the commitment to its second largest market worldwide by revenue, CompuGroup Medical announces the appointment of Benedikt Brueckle as its new Chief Executive Officer for the US, effective January 1, 2025.
"We are very grateful for Derek Pickell's leadership and contributions to CompuGroup Medical US", said Michael Rauch, CEO of CompuGroup Medical SE & Co. KGaA.
Derek Pickell, the outgoing US CEO, has led CompuGroup Medical US with distinction, overseeing steady growth and expansion.
Benedikt Brueckle has been with CompuGroup Medical for more than 13 years and led the acquisition of eMDs in 2020.

Fintech Market Size Projected To Grow To $882 Billion By 2030 as Advanced Technologies & Services Expand

Retrieved on:

火曜日, 3月 19, 2024

These services are typically delivered over the cloud, allowing other companies to integrate and use financial technology capabilities without developing these technologies in-house.

Key Points:

These services are typically delivered over the cloud, allowing other companies to integrate and use financial technology capabilities without developing these technologies in-house.
A report from Fortune Business Insights projected that the fintech market size is projected to grow to USD 882.30 billion by 2030, exhibiting a CAGR of 17% during the forecast period (2023-2030).
Fortune Business Insights continued: “Moreover, the economic impact of the pandemic led to an increased demand for lending and credit services.
North America is leading the fintech market share globally with market value of USD 89.61 billion in 2022.

CHIPS Liquidity Algorithm Saves Financial Industry Billions

Retrieved on:

火曜日, 4月 2, 2024

Risk, Senior, Leg, USD, Friction, The Clearing House, Citigroup, New product development, Barclays, Private sector, Clearing house, Bank

NEW YORK, April 2, 2024 /PRNewswire/ -- Participants on CHIPS®, the largest private sector high-value clearing and settlement system in the world, receive significant economic benefits due to its patented liquidity savings algorithm. In 2023 this algorithm generated an economic value for CHIPS participants and the financial system of $4.99 billion, or $13.8 million per day, estimates The Clearing House, the operator of CHIPS and the leading innovator and operator of U.S. payments networks.

Key Points:

Financial institution participants on CHIPS benefit from enhanced liquidity efficiency that saves the industry almost $14 million per day.
In 2023 this algorithm generated an economic value for CHIPS participants and the financial system of $4.99 billion.
The economic value to participants and the industry from the liquidity efficiency of CHIPS can be approximated by considering the opportunity cost of routing CHIPS payments, which in 2023 averaged $1.8 trillion per day, through less liquidity efficient payment channels.
Beyond this economic value, the liquidity efficiency of the CHIPS network allows CHIPS participants and their customers to deploy scarce liquidity more flexibly and contributes to a more nimble and less risky financial system.

CompuGroup Medical US announces CEO transition

Retrieved on:

水曜日, 3月 27, 2024

CGM, Acquisition, LIS, Electronic health record, Clearing house, Management

In the past three years, CompuGroup Medical US has achieved excellent profitable growth, partly as a result of the launch of converting its APRIMA customers to CGM's inhouse Clearinghouse eMEDIX.

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In the past three years, CompuGroup Medical US has achieved excellent profitable growth, partly as a result of the launch of converting its APRIMA customers to CGM's inhouse Clearinghouse eMEDIX.
"We are very grateful for Derek Pickell's leadership and contributions to CompuGroup Medical US", said Michael Rauch, CEO of CompuGroup Medical SE & Co. KGaA.
Derek Pickell, the outgoing US CEO, has led CompuGroup Medical US with distinction, overseeing steady growth and expansion.
Benedikt Brueckle has been with CompuGroup Medical for more than 13 years and led the acquisition of eMDs in 2020.

Citizens Financial Group Chairman and CEO Awarded Foreign Policy Association Medal; Highlights Vital Role of US Banks in Global Economy

Retrieved on:

金曜日, 3月 8, 2024

Banking, Professional Services, Finance, Bank Policy Institute, Citizens Financial Group, Partnership, Clearing house, FPA, Policy, Corporation, Foreign Policy, Management

The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal.

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The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal.
Speaking at the Association’s March 7 Financial Services Dinner in New York, Van Saun highlighted America’s contributions to strong global financial systems, rising economic prosperity and the creation of new markets.
“The FPA is honored to once again recognize Mr. Van Saun for his longtime commitment to global financial services,” said Noel Lateef, President & CEO, FPA.
He is a member of the Bank Policy Institute board and serves on the board of the Partnership for Rhode Island.

Galileo Expands Collaboration with The Bancorp to Offer Real-Time Payments via The Clearing House

Retrieved on:

月曜日, 3月 4, 2024

Data Management, Banking, Accounting, Technology, Professional Services, Payments, Small Business, Security, Software, Fintech, Finance, Clearing house, Galileo Galilei, Financial Technologies Group, ACH, RTP, Luigi, The Clearing House, Partnership

Real-time payments are available any time of day, year-round, ensuring the instant availability of funds even when traditional methods such as ACH and wires are unavailable.

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Real-time payments are available any time of day, year-round, ensuring the instant availability of funds even when traditional methods such as ACH and wires are unavailable.
Businesses can offer real-time payments to their customers via Galileo and The Bancorp.
Enhanced Customer Satisfaction: The speed and convenience of real-time payments significantly enhance the customer experience, eliminating delays in payments.
“With this integration between The Bancorp and Galileo, we can offer a swift, efficient way to ensure faster money movement today.”

The Tel-Aviv Stock Exchange Reports the Results of the Financial Statements for the Fourth Quarter and Full Year 2023

Retrieved on:

水曜日, 3月 6, 2024

Revenues in the fourth quarter totaled NIS 101 million, compared to revenues of NIS 86 million in the corresponding quarter last year, an 18% increase.

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Revenues in the fourth quarter totaled NIS 101 million, compared to revenues of NIS 86 million in the corresponding quarter last year, an 18% increase.
The adjusted profit in 2023 totaled NIS 89 million, compared to NIS 51 million in 2022, an increase of 74%.
The adjusted profit in the fourth quarter totaled NIS 23 million, compared to NIS 13 million in the corresponding quarter last year, an increase of 70%.
TEL AVIV, Israel, March 6, 2024 /PRNewswire/ -- The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) today announced its financial results for the fourth quarter ended December 31, 2023 and for 2023.

Sila Announces ACHNow in Partnership with Trice to Revolutionize Real-Time Payments

Retrieved on:

水曜日, 2月 28, 2024

Workload, FedNow, NACHA, API, Clearing house, Entrepreneurship, ACH, RTP, Partnership

PORTLAND, Ore., Feb. 28, 2024 /PRNewswire-PRWeb/ -- Sila, a leading innovator in the financial technology space, and Trice, an instant payments platform for businesses and banks, are thrilled to announce a strategic partnership that will redefine the landscape of real-time money movement with ACHNow.

Key Points:

Sila & Trice redefine real-time payments with ACHNow, integrating RTP, FedNow, and Instant Settlement for secure, fast, and cost-effective money movement.
PORTLAND, Ore., Feb. 28, 2024 /PRNewswire-PRWeb/ -- Sila, a leading innovator in the financial technology space, and Trice, an instant payments platform for businesses and banks, are thrilled to announce a strategic partnership that will redefine the landscape of real-time money movement with ACHNow.
Key highlights of the partnership include:
Real-Time Availability: ACHNow is a 24/7/365 real-time payments platform that empowers businesses to securely request and receive expected funds around the clock.
"We are excited to join forces with Trice to drive innovation with real-time payments for businesses," said Shamir Karkal, Co-Founder and Chief Strategy Officer at Sila.