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Blockchain
JPMorgan Chase & Co. | September 13, 2023
JP Morgan aims to expand its blockchain efforts with a new blockchain-based digital deposit token. Deposit tokens are digital representations of bank-held deposit claims, enabling swift transactions through blockchain technology for instant settlements. In 2022, the bank carried out a trial, issuing deposit tokens...
Cision PR Newswire | August 28, 2020
Spire Capital, a leading New York-based private equity firm specializing in investments in the technology-enabled business services, communications, media, and education sectors, today announced its investment in Advocate Networks, LLC ("Advocate" or the "Company"). Advocate is the Premier TBM Services Company providing technology business management ("TBM") and technology expense management ("TEM") services to enterprise organizations needing to optimize ...
Core Banking
M&T Bank | January 15, 2022
M&T Bank today announced it is expanding the services it provides to communities with high concentrations of ethnic and racial diversity by designating an additional 100 bank branches as multicultural centers. Located in cities across the Northeast and Mid-Atlantic, the centers will offer banking and other financial services in customers' preferred languages and employ bankers from the community who understand the cultural nuances of the individuals and neighborhoods they serve. <...
Payments, Fintech
Marqeta | January 31, 2023
On January 30, 2023, Marqeta, the world's leading modern card issuing platform, announced that it reached an agreement to acquire Power Finance, Inc. ('Power'), a provider of software for managing credit card programs. The transaction is anticipated to close in the first quarter of 2023, subject to the fulfillment of customary closing conditions. Simon Khalaf, the newly-appointed CEO at Marqeta, expressed, "We're thrilled to welcome the Power team and produc...
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Whitepaper
Financial Management, Fintech
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