IMC Private Capital

Business Wire | October 12, 2020

Temenos, the banking software company, today announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new digital bank in Switzerland. Temenos Transact core banking technology will enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors in Switzerland and internationally. FlowBank has recently secured its banking license in July 2020 and is planning to launch the operations by the end of 2020. The bank aims to meet...

CORE BANKING

Equifax, AccountScore | February 10, 2021

In order to improve Open Banking and insights competences of the company, Equifax, Inc. (NYSE: EFX) has recently acquired AccountScore Holdings Limited, a transaction data analytics company. This acquisition will help the company to enhance commercial and consumer products offerings. This would be made possible with the assistance of AccountScore in combining Equifax’s traditional credit bureau information with bank transaction data. This integration also bene...

Wall Street | February 04, 2020

The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China’s central bank intervened. The Dow was on pace for its biggest single-day rise in about eight months, as the stock market recovered from steep losses in the prior week. The People’s Bank of China (PBOC) injected a total of 1.7 trillion yuan ($242.74 billion) through reverse repos on Mond...

FUNDING

Yes Lender | July 07, 2021

Yes Lender has announced the acquisition of Edge Funder, Inc., a FinTech start-up that is revolutionising entrepreneur access to operating capital through its direct-to-merchant finance site. The platform, which is powered by artificial intelligence and proprietary algorithms, provides merchants with several funding choices in less than 60 seconds. Edge Funder also has extensive marketing expertise in boosting online traffic and generating quality leads of merchants in need of operating capital....