Housing Bank for Trade and Finance

Fintech

IBM, EY | May 10, 2021

IBM and EY have joined forces to create a centre of excellence dedicated to helping financial institutions accelerate their digital transformations with hybrid cloud solutions. The majority of banking and financial services organisations have yet to deploy core systems to the cloud due because of the huge complexity and concerns over security, risk, governance and control. According to a 2020 IBM survey, while 91% of financial institutions are actively using cloud s...

Financial Management

Finvasia | December 15, 2021

Finvasia Group today announced the acquisition of Zulu Trade Group, the world’s largest and oldest social network for trading and investing. It’s supremacy as the largest “broker agnostic” social trading platform remains unchallenged even after 14 years of its operations. ZuluTrade has helped over a million investors across more than 100 countries and has traded in excess of USD 2 trillion worth of trades. In addition to ZuluTrade, the deal also includes AA...

Core Banking

Lumin Digital | April 11, 2022

Lumin Digital, a PSCU company, declared today that West Community Credit Union (WCCU), based in Missouri, has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions. Lumin Digital will support the credit union's more than 27,000 members by going live on the platform in October 2022. West Community Credit Union is an advanced financial institution that strives to build relationships based on trust by understan...

Payments, Fintech

Businesswire | April 11, 2023

CardX, a Stax company and the leading surcharging compliance platform, has launched Mastercard Click to Pay on Lightbox, CardX’s online payment form, to expand the product’s reach. With this partnership, Click to Pay is now available for all existing and new card-not-present merchants on CardX’s platform. Given the present economic uncertainty, managing costs and optimizing approval rates is critical. Click to Pay makes the payment process as frictionless as po...