Mercantile Exchange Corporation

FINTECH

Brex | August 19, 2021

U.S. fintech company Brex, the all-in-one finance solution for growing businesses, today announced its $50 million acquisition of Israeli-based Weav, which offers a universal API for commerce platforms. The acquisition allows Brex to expand its global presence by establishing an innovation hub in Israel. Brex offers credit cards, business cash accounts, spend management and bill pay software together in a single dashboard for its growing customer base, though it will continue to e...

Cision PR Newswire | September 22, 2020

Vergent Loan Management Software and iQ Decision Engine (iQDE) have partnered to offer a full-cycle fintech infrastructure platform for lenders that includes integrated software, data and decisioning models. The joint effort is the first of its kind for both companies and an exciting introduction for iQDE. Vergent offers comprehensive tools to manage portfolios for consumer, installment, and auto lending from over 50 years of accumulated experience, while iQDE powers the technology used to make ...

FINTECH

Western Alliance Bank | December 06, 2021

Western Alliance Bank, the primary subsidiary of $50 billion Western Alliance Bancorporation (NYSE: WAL), and Tassat Group Inc., today announced the bank will implement a fully integrated digital banking platform for its customers, which will include a digital token powered by the TassatPay Network and a private Ethereum blockchain. This platform will enable Western Alliance Bank clients to make instant payments – 24 hours a day, 365 days a year – to other Western Alli...

JPMorgan, Goldman Sachs | February 20, 2020

Goldman Sachs, JPMorgan and Jane Street Capital are the latest Wall Street heavyweights to back a new equities exchange hoping to take on Nyse, Nasdaq and Cboe Global Markets. The three firms have led a new round of strategic financing for Members Exchange (MEMX), which plans to launch this summer. They join Bank of America Merrill Lynch, Charles Schwab, Citadel Securities, TD Ameritrade, UBS and Virtu Financial, which have all been onboard with the venture since early last year. MEMX is vowing ...