Clearing house

EQS-News: CompuGroup Medical US announces CEO transition

Retrieved on: 
Wednesday, April 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.

Key Points: 
  • 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: 
Tuesday, March 19, 2024
GPN, Galileo Galilei, Global Payments, Environment, Fintech, ACH, International, International Financial Reporting Standards, PALM, Webcast, Luigi, Location, News, Acquisition, Insurance, PayPal, Silicon, PYPL, RTP, USD, The Clearing House, NU, Clearing house, Cryptocurrency

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: 
Tuesday, April 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: 
Wednesday, March 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.

Key Points: 
  • 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: 
Friday, March 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.

Key Points: 
  • 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: 
Monday, March 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.

Key Points: 
  • 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: 
Wednesday, March 6, 2024
ISA, Initial public offering, Tel Aviv Stock Exchange, Ministry, POP, TEL, OTC, Bank, Investment, Marketing, Growth, ETF, AUM, Sale, The Clearing House, Clearing house, Government, Communication, Net income, Blinking, COCO, Judicial reform, Policy, TA-35, Corporation, Worldwide Angel, Bank statement, Jefferies, Video game

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.

Key Points: 
  • 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: 
Wednesday, February 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.

Volante Technologies' Deepak Gupta appointed to the U.S. Faster Payments Council Board Advisory Group

Retrieved on: 
Wednesday, February 28, 2024
FPC, Volante, Barometer, Clearing house, Ecosystem, The Clearing House, Management

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Volante Technologies, the global leader in payments as a service, today announced the appointment of Deepak Gupta, EVP Product, Engineering & Services at Volante, to the U.S. Faster Payments Council (FPC) 2023-2024 Board Advisory Group.

Key Points: 
  • Faster Payments Council (FPC) 2023-2024 Board Advisory Group .
  • Luhtanen continued, "According to our 2023 Faster Payments Barometer survey, 78% of financial institutions say faster payments are necessary for their organization.
  • "Faster payments are at the forefront of innovation in the financial services industry," said Deepak Gupta, EVP Product, Engineering & Services, Volante Technologies.
  • Check out the latest Faster Payments Barometer for more information on today's faster payments perceptions, trends, and practices.

AppBrilliance and ZOCCAM Technologies Forge Groundbreaking Partnership to Revolutionize Real Estate Payments

Retrieved on: 
Tuesday, February 27, 2024
FedNow, Fraud, Clearing house, RTP, Partnership

AUSTIN, Texas, Feb. 27, 2024 /PRNewswire/ -- AppBrilliance, a pioneer in real-time payment solutions through its innovative Money API™ platform, proudly announces a strategic partnership with ZOCCAM Technologies, LLC., the premier platform for payment solutions in the real estate industry.

Key Points: 
  • AUSTIN, Texas, Feb. 27, 2024 /PRNewswire/ -- AppBrilliance, a pioneer in real-time payment solutions through its innovative Money API™ platform, proudly announces a strategic partnership with ZOCCAM Technologies, LLC., the premier platform for payment solutions in the real estate industry.
  • C. Eric Smith, Founder and CEO of AppBrilliance, expressed enthusiasm about the partnership, stating, "We're excited to work with ZOCCAM as they continue to reshape real estate payments.
  • This alliance empowers homebuyers and consumers to execute real estate payments instantly and conveniently through ZOCCAM's mobile app while significantly eliminating fraud.
  • Ashley Cook, ZOCCAM CEO and Founder, commented, " Breaking new ground is a rare privilege, and after introducing earnest money deposit technology to revolutionize the real estate market in 2015, we are thrilled to unveil our latest advancement – Real-time Payments.