Network Funding, LP

Reuters | February 25, 2020

Stocks across the globe fell on Tuesday to their lowest since mid-December and the benchmark U.S. debt yield was near a record low on lingering concerns about the economic hit of the spread of the novel coronavirus. The yen strengthened against the dollar end euro in a sign trader were in search of relatively safer assets. Countries around the world are stepping up efforts to prevent a pandemic of the flu-like virus that has now infected more than 80,000 people, 10 times more cases than the SARS...

Core Banking

SMBC Group | August 25, 2022

Sumitomo Mitsui Financial Group, Inc. (SMFG, President and Group CEO Jun Ohta, together with subsidiaries SMBC Group) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius Bank™ will launch and operate as a new division of Manufacturers Bank, a California state-chartered bank that is a wholly-owned subsidiary of SMBC Group. Jenius Bank will launch in the coming months with personal loans and then expand its offe...

Payments

Alacriti | August 13, 2021

Veridian Credit Union, a full-service financial cooperative with $5.5 billion in assets and more than 260,000 members, has selected Alacriti, an innovator in cloud-based payments and money movement services, as the platform provider that Veridian will use to enable real-time payments over The Clearing House’s (TCH) RTP® network and to accelerate their Fedwire modernization. Veridian will deploy Alacriti’s cloud-native, ISO 20022-based Cosmos Payment Services, a cos...

Fintech

FalconX | November 04, 2022

FalconX is honored to announce FalconX 360 has been recognized as the Most Innovative FinTech Solution by the 2022 Tech Ascension Awards. The Tech Ascension Awards recognized the very best innovations in technology. The Tech Ascension awards judged applicants based on technology innovation, market research, and competitive differentiators. The class-leading vendors that received recognition from the Tech Ascension Awards showcased technology that solves critical industry challenge...