FX

Swift Sets Industry Up for Seamless Introduction of CBDCs for Cross-Border Transactions as Interlinking Solution Finds More Use Cases

Retrieved on: 
Monday, March 25, 2024
Carriers and Services, Technology, Professional Services, Payments, Electronic Commerce, Blockchain, Security, Networks, Internet, Fintech, Mobile, Wireless, Deutsche Bank, CLS Group, Automation, Savings bank, Standard Bank, Growth, United Overseas Bank, DVP, Tokenization, ANZ, Westpac, Risk, Sumitomo Mitsui Banking Corporation, Digital asset, Public policy, Intesa Sanpaolo, CBDC, Community business development corporation, Commercial, DTCC, Standard Chartered, DLT, NatWest Group, Ecosystem, HSBC, FX, CLS, DBS, Commercial bank, Cryptocurrency

Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.

Key Points: 
  • Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.
  • The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.
  • Swift now plans to extend its solution to support a wider range of emerging digital networks in addition to CBDCs, such as platforms for tokenised deposits.
  • This will help to facilitate access and usage of CBDCs in the new complex world of digital payments.

The Empire State Building Unveils Star Wars-Themed Takeover with a Dynamic Light Show, Interactive Fan Experiences, Celebrity Visit, and More

Retrieved on: 
Friday, March 22, 2024
Commercial Building & Real Estate, Construction & Property, Film & Motion Pictures, Travel, Celebrity, REIT, Tourist Attractions, Entertainment, CONNECT, Empire, Dairy Farmers of America, IHeartRadio, Floor, ESB, Observatory, The Empire Strikes Back, Face, Amazon, Star Wars, Rogue One, Star, STAR, Lucasfilm, Disney Consumer Products, Star Wars (film), Blister, FX, Snack, Multimedia, Fifth Avenue, Hasbro, Empire State Building, Nightclub

View the full release here: https://www.businesswire.com/news/home/20240321369670/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240321369670/en/
    The Empire State Building Unveils Star Wars-Themed Takeover with a Dynamic Light Show, Interactive Fan Experiences, Celebrity Visit, and More (Photo: Business Wire)
    "We are so pleased to unite Star Wars fans in New York City and throughout the world with this epic trip to a galaxy far, far away….,” said Jean-Yves Ghazi, president of the Empire State Building Observatory.
  • Star Wars actor Hayden Christensen visited the Empire State Building earlier this morning to tour the world-famous Observatory Experience and flip the ceremonial switch ahead of the dynamic light show.
  • The Empire State Building Observatory will host a movie screening of Star Wars: The Empire Strikes Back on the 80th Floor on March 22.
  • Lucasfilm, the Lucasfilm logo, STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates.

State Street Appointed to Provide Investment Services to AZ Quest, Further Expanding Presence in Latin America

Retrieved on: 
Wednesday, March 20, 2024
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Head, Growth, STT, State Street Corporation, FX, State Street, State

State Street Corporation (NYSE: STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil.

Key Points: 
  • State Street Corporation (NYSE: STT) today announced that it has been selected to provide fund accounting, fund administration and investor servicing for AZ Quest, an asset manager based in Sao Paulo, Brazil.
  • State Street will provide this range of services to the AZ Quest Fund SPC and its segregated portfolios.
  • “We are pleased to announce this relationship with AZ Quest, as we continue to expand our capabilities across the region, furthering our goal of supporting leading institutional clients throughout Latin America,” said Marcia Rothschild, State Street head of Latin America.
  • "We look forward to working with AZ Quest to help generate and sustain growth to meet their investment objectives.”
    Today’s announcement strengthens State Street’s continued growth in Latin America.

Allvue Systems Selected by Permian to Provide Fund Accounting Solutions

Retrieved on: 
Thursday, March 14, 2024
Software, Finance, Data Management, Accounting, Professional Services, Technology, Fintech, Security, Permian, System, Partnership, Automation, FX, Organization, Normann, Fund accounting, Cryptocurrency

Allvue Systems (“Allvue”), a leading alternative investment technology solutions provider, today announced an agreement with Permian Group (“Permian”) to provide fund accounting and administration software that supports the company’s business operations.

Key Points: 
  • Allvue Systems (“Allvue”), a leading alternative investment technology solutions provider, today announced an agreement with Permian Group (“Permian”) to provide fund accounting and administration software that supports the company’s business operations.
  • Allvue will deliver its comprehensive Fund Accounting solution fully integrated with a Nordic well-proven platform to handle the “purchase to pay” process.
  • Normann emphasized that by integrating capabilities for document approval and payments with Allvue's robust Fund Accounting platform, Permian is positioned to be a pioneering force.
  • Clients who implement the Fund Accounting solution will have access to a fully integrated platform that will streamline and de-risk back-office processes.

TradingHub Appoints CFO and Global Head of Sales and Relationship Management on the Heels of Rapid Growth

Retrieved on: 
Wednesday, March 13, 2024
Professional Services, Technology, Legal, Finance, Software, Fintech, Financial management, Thomson Reuters, Growth, ARR, CFO, London Stock Exchange Group, Knowledge, Credit Suisse, Morgan Stanley, CFA, FX, Pharmaceutical industry

TradingHub , a leading provider of uniquely intelligent trade surveillance software for the global financial services industry, today announces the appointment of Stephen Bergin as CFO and Shayne Ganeson as Global Head of Sales and Relationship Management.

Key Points: 
  • TradingHub , a leading provider of uniquely intelligent trade surveillance software for the global financial services industry, today announces the appointment of Stephen Bergin as CFO and Shayne Ganeson as Global Head of Sales and Relationship Management.
  • With over two decades of financial executive leadership, Bergin has served as TradingHub’s Head of Finance since 2021.
  • Over that time, he has spearheaded financial management strategy, innovation and growth throughout the organization culminating in an increase of over 80 percent in ARR.
  • “Possessing a unique and diverse knowledge of both financial management and growth strategies, he has been pivotal in TradingHub’s rapid expansion to-date.

IHS Holding Limited Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Technology, Telecommunications, IHS, Loan, Approximation, Standard Chartered, SSA, IHS Towers, GTS, Movement, MTN, Nigerian naira, MENA, ZAR, CIV, FX, USD, NGN

Revenue for our Nigeria segment decreased by $34.6 million, or 9.7%, to $320.7 million for the fourth quarter of 2023, compared to $355.3 million for the fourth quarter of 2022.

Key Points: 
  • Revenue for our Nigeria segment decreased by $34.6 million, or 9.7%, to $320.7 million for the fourth quarter of 2023, compared to $355.3 million for the fourth quarter of 2022.
  • Revenue for our Latam segment increased by $10.4 million, or 23.8%, to $54.3 million for the fourth quarter of 2023, compared to $43.9 million for the fourth quarter of 2022.
  • During the fourth quarter of 2023, capital expenditure (“Total Capex”) was $130.6 million, compared to $195.6 million for the fourth quarter of 2022.
  • The loan is guaranteed by IHS Netherlands Holdco B.V., IHS Netherlands NG1 B.V., IHS Towers NG Limited, IHS Netherlands NG2 B.V., Nigeria Tower Interco B.V., INT Towers Limited and IHS Nigeria.

FlexTrade Integrates with Coinbase Prime

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Technology, Cryptocurrency, Finance, Asset Management, Fintech, Digital Cash Management, Digital Assets, Coinbase, FX, EMS, Digital asset

FlexTrade Systems (@FlexTrade ), a global leader in multi-asset execution and order management systems, today announces a direct integration with Coinbase Prime, the leading institutional prime broker platform for digital and crypto assets.

Key Points: 
  • FlexTrade Systems (@FlexTrade ), a global leader in multi-asset execution and order management systems, today announces a direct integration with Coinbase Prime, the leading institutional prime broker platform for digital and crypto assets.
  • With the integration to Coinbase Prime, FlexTrade clients can directly access one of the largest pools of liquidity for digital assets via FlexTRADER EMS and FlexONE OEMS.
  • Brian Foster, Global Head of Wholesale at Coinbase stated: “At Coinbase, we empower clients to execute complex digital asset trading strategies by offering access to some of the most liquid trading venues globally.
  • We are excited to make this available to FlexTrade clients through the OEMS.”
    Uday Chebrolu, Sr Vice President of FX and Digital Assets, added: " We are delighted to integrate with Coinbase Prime into FlexTRADER and FlexONE.

Finzly Launches Account Galaxy: Embedded Banking Solution with Virtual Account and Virtual Ledger Capabilities

Retrieved on: 
Thursday, April 4, 2024
Growth, EVP, Partnership, ERP, ISO 20022, News, API, FX, ISO, Bank

CHARLOTTE, N.C., April 4, 2024 /PRNewswire-PRWeb/ -- Finzly, the pioneering provider of modern money movement systems to financial institutions, today announced the launch of Account Galaxy™, a groundbreaking solution that provides the tools and technology needed by banks of all sizes to participate in the emerging embedded banking segment.

Key Points: 
  • Through a "sidecar core", Account Galaxy provides virtual accounts, a functionality needed for core-independent embedded banking.
  • Finzly is already assisting banks like Quaint Oak Bank in their embedded banking evolution.
  • While embedded banking has the potential to transform banking as we know it today, participation has been limited because of the advanced technologies needed.
  • "Account Galaxy is a game-changing solution that empowers banks of all sizes to participate in the fast-growing embedded banking business," said Booshan Rengachari, Finzly founder and CEO.

Solace Named a Leader in 2024 IDC MarketScape Report for Worldwide Event Brokering Software

Retrieved on: 
Wednesday, April 3, 2024
Automation, Organization, Growth, CPO, IDC, AI, CPG, Architecture, TB, FX, Data management

OTTAWA, ON, April 3, 2024 /PRNewswire/ -- Solace, a market-leading enabler of the real-time, event-driven enterprise, today announced it was named a "Leader" in the IDC MarketScape: Worldwide Event Brokering Software 2023 Vendor Assessment (doc. # US50301923, March 2024), the first and only Event Broker competitive evaluation by a major analyst firm.

Key Points: 
  • OTTAWA, ON, April 3, 2024 /PRNewswire/ -- Solace, a market-leading enabler of the real-time, event-driven enterprise, today announced it was named a "Leader" in the IDC MarketScape: Worldwide Event Brokering Software 2023 Vendor Assessment (doc.
  • # US50301923, March 2024), the first and only Event Broker competitive evaluation by a major analyst firm.
  • The IDC MarketScape study evaluated the functional capabilities and go-to-market strategies of several major event broker software vendors serving customers across a wide range of industries.
  • Solace also plays a significant role in major digital government initiatives in Canada, Singapore, India, Hong Kong, Dubai and Japan.

Solace Named a Leader in 2024 IDC MarketScape Report for Worldwide Event Brokering Software

Retrieved on: 
Wednesday, April 3, 2024
Automation, Organization, Growth, CPO, IDC, AI, CPG, Architecture, TB, FX, Data management

OTTAWA, ON, April 3, 2024 /PRNewswire/ -- Solace, a market-leading enabler of the real-time, event-driven enterprise, today announced it was named a "Leader" in the IDC MarketScape: Worldwide Event Brokering Software 2023 Vendor Assessment (doc. # US50301923, March 2024), the first and only Event Broker competitive evaluation by a major analyst firm.

Key Points: 
  • OTTAWA, ON, April 3, 2024 /PRNewswire/ -- Solace, a market-leading enabler of the real-time, event-driven enterprise, today announced it was named a "Leader" in the IDC MarketScape: Worldwide Event Brokering Software 2023 Vendor Assessment (doc.
  • # US50301923, March 2024), the first and only Event Broker competitive evaluation by a major analyst firm.
  • The IDC MarketScape study evaluated the functional capabilities and go-to-market strategies of several major event broker software vendors serving customers across a wide range of industries.
  • Solace also plays a significant role in major digital government initiatives in Canada, Singapore, India, Hong Kong, Dubai and Japan.