Latest company updates: Finextra Research

Klarna and Expedia expand partnership to US

Klarna, the AI powered global payments network and shopping assistant, today announced the expansion of its partnership with Expedia Group to the US market. Klarna is now bringing its flexible payment offerings to millions of travelers, enabling them to book flights and stays using its popular interest-free Pay Now or Pay in 4 options across Expedia.com/Klarna and Hotels.com/Klarna.

11 hours

/regulation

Verafin unveils Entity Research Copilot

Verafin, a Nasdaq company, renowned for its expertise in applying artificial intelligence (AI) and big data technologies to fight crime, announces the launch of Entity Research Copilot, the first of its integrated Copilot capabilities, bolstering its suite of financial crime management solutions.

11 hours

/payments

Careem Pay expands international remittances to the UK

Careem Pay, the digital wallet and fintech platform within the Careem Everything App, expands its international remittance services to include ‘Faster Payments’ to the United Kingdom for residents of the UAE.

14 hours

/payments

Sopra Banking Software taps Paymentology for card issuing services

Sopra Banking Software (SBS), a leading provider of banking software solutions, and Paymentology, a global issuer processor, are thrilled to announce a transformative strategic partnership aimed at delivering comprehensive card issuing services within SBS's next-generation SBP Digital Core platform.

14 hours

/sustainable

BMO introduces climate financing programme

BMO today announced the launch of its Greener Future Financing program in the United States – its first climate financing program to help small and medium-sized businesses build future-ready, climate-resilient operations.

15 hours

/retail

Genesis Bank and Fiserv launch Genesis For Good Catalyst Empowerment Grant programme

Genesis Bank (“Genesis” or the “Bank”), the Genesis Bank Institute for Entrepreneurship (“GBIE”), and the Genesis for Good Foundation (“GFG”), along with Fiserv, Inc. (NYSE: FI), announced today the Genesis For Good Catalyst Empowerment Grant Program.

15 hours

/cloud

British Caribbean Bank picks Finastra Essence

Finastra, a global provider of financial software applications and marketplaces, announces that British Caribbean Bank Limited (BCB), a Turks and Caicos-based financial institution offering international bank accounts and customized loan options, has selected Finastra Essence, deployed on Microsoft Azure cloud, to modernize its core technology and transform its back-office operations.

15 hours

/wealth

Cairo-based fintech Bokra raises $4.6m

Bokra, a Cairo-based fintech, announces the successful closure of its $4.6mn pre-seed round led by DisrupTech Ventures, and SS Capital alongside other investors, setting it to revolutionize wealth management in the MENA region by being the first platform to offer goal-based investment and saving products through asset backed securities.

15 hours

/payments

Coupa and Bottomline simplify business payments

Coupa, the margin multiplier company, and Bottomline, a global leader in business payments, announced a strategic partnership to simplify and optimize payment processes for businesses. Coupa can now connect to Paymode-X, Bottomline’s business payments network that offers Premium ACH, to automate payments from buyers to suppliers.

15 hours

/people

Citi execs join Icon board

Icon Solutions has today announced the appointment of James West, Head of Payments’ Business Execution & Platform Modernisation, Citi Services, to its Board of Directors. Amit Rijhsinghani, Head of Payments Technology, Citi Services, has also been appointed as a Board Observer.

17 hours

/sustainable

Oracle floats analytics cloud for climate change

Earth Day — Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions.

17 hours

/markets

DTCC urges market participants to up their game in anticipation of T+1

The implementation of a T+1 settlement cycle in the U.S. is a little over one month away, and market participants continue to prepare for the May 28, 2024, deadline.

17 hours

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