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Paystand | July 26, 2021
Paystand, a blockchain-enabled payment network for businesses, announced today a $50 million Series C round of fundraising led by NewView Capital, with participation from SoftBank's Opportunity Fund, King River Capital, Industrious Ventures, and Transform Capital. This latest round nearly twice Paystand's previous fundraising and reflects the company's triple-digit growth as it leads the fight for an open commercial finance system. Paystand will invest this new cash in reinventing B2...
Reuters | March 04, 2020
The interest rate on U.S. overnight repurchase agreements slipped on Friday after an operation conducted by the New York Federal Reserve that parked $75 billion in temporary cash in the U.S. banking system. The overnight repurchases agreement (repo) rate was last USONRP= 1.85%-1.95%, compared with 1.90%-2.00% before the latest repo operation. They ended at 1.75% late on Thursday after hitting 10% on Tuesday, according to Refinitiv data. The U.S. central bank has conducted a series of cash-adding...
FINANCIAL MANAGEMENT, FINTECH
Axiom Bank | January 25, 2023
In a recent development, Axiom Bank, N.A., headquartered in Florida, announced that it will leverage automated assurance and oversight processes across its partner programs by integrating with Cable's comprehensive financial crime compliance effectiveness testing platform thereby, enhancing its ability to provide partners with an elegant, agile experience while ensuring regulatory compliance.
Aleem Jackson, Senior Vice President, BSA/AML Program Head at Axiom Bank expressed,...
FINANCIAL MANAGEMENT, INVESTMENT MANAGEMENT
Inscribe | September 15, 2022
Inscribe, the award-winning fraud detection and document automation platform, today announced that it has released new features to help the financial services industry meet demands for better risk management and faster customer approvals. Outdated and inefficient processes currently being utilized leave businesses waiting from one to six months to hear about loan applications, while millions of consumers without credit scores aren't able to access financial products at all. But forward-think...
INVESTMENT MANAGEMENT, TRADING SYSTEMS
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