Blue Ridge Exchange | FX Trading House

SoftBank | February 28, 2020

Elliott Management Corp is pressing SoftBank Group Corp (9434.T) for details of nearly-$10 billion of investment securities on its balance sheet, as part of its campaign to improve the value of the Japanese conglomerate in which it holds a stake, sources said. The $40 billion hedge fund, one of the most powerful activist investors, has a $3 billion stake in the company and is trying to push for changes after SoftBank’s bet on start-ups such as space-sharing firm WeWork soured. SoftBank&rsq...

Welcome Technologies, | May 29, 2020

Welcome Technologies announced the launch of a bank account in partnership with Green Dot Corporation. The account and Visa card, PODERcard, aim to help close the banking gap for immigrants and will be offered first to U.S. Hispanic consumers. ...

FINTECH

BNY Mellon, Saphyre | June 10, 2021

BNY Mellon and Saphyre announced today that they would collaborate to use AI technology to transform the customer experience and significantly automate and accelerate client onboarding. This cooperation is part of BNY Mellon's OMNISM strategy, which involves collaborating with best-of-breed FinTech companies to innovate and support customers' investment goals. By supplementing standard communication channels like as email, fax, and phone calls, Saphyre's platform provi...

CORE BANKING

Temenos | October 11, 2021

Silicon Valley-based Mbanq, a Banking-as-a-Service (BaaS) provider and one of the world’s fastest growing FinTechs, today announced it has signed a strategic agreement with Temenos (SIX: TEMN), the open cloud banking company, to launch an innovative Credit-Union-as-a Service (CUaaS) offering, and to accelerate BaaS adoption across the US. CUaaS is offered by Mbanq’s Credit Union Service Organization (CUSO) and will be powered by The Temenos Banking Cloud. This solution...