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Socure agrees Effectiv acquisition

Socure, the leading provider of artificial intelligence for digital identity verification, fraud prevention and sanction screening, has signed an agreement to acquire Effectiv, a real-time risk decisioning company, for $136M. The acquisition is expected to close in November.

/markets

Eurosystem collateral management system to launch on 16 June 2025

The new Eurosystem Collateral Management System (ECMS) will go live on 16 June 2025.

/retail

DailyPay gets additional $100m credit commitment from Citi

DailyPay, Inc., a worktech company and leading provider of earned wage access, today announced it has secured an additional $100 million commitment to its secured credit facility capacity from Citi.

/wealth

Wealthtime signs agreement with Wipro and GBST to deliver digital-first platfrom

Wealthtime, the adviser-focused platform business, has agreed a partnership with Wipro (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, and its global technology partner GBST to deliver a market leading, digital-first platform and innovative customer-centric service offering.

/wholesale

YouLend secures $1 billion three-year financing facility with Castlelake

YouLend, a global embedded financing platform today announces that it has secured a new financing facility with funds managed by Castlelake, a global alternative investment firm that specializes in asset-based private credit.

/wealth

Wealthsimple introduces travel eSIM for clients

Today, Wealthsimple, the money management platform on a mission to help Canadians achieve financial freedom, announced the addition of a global travel eSIM, powered by Gigs, as part of its new lifestyle rewards program for clients with $200,000 or more in assets.

/wealth

Mintos joins forces with Upvest

Mintos, a multi-asset investment platform headquartered in Latvia, has joined forces with Upvest, the leading European provider of investment infrastructure, to enhance its ETF portfolio offering across Europe.

/payments

Marqeta introduces new card programme management tools

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today introduced two new products – UX Toolkit and Portfolio Migrations – to its card program management tools.

/security

Criminals reverting to old school tactics says Visa

Ahead of Money20/20 US, Visa, a global leader in digital payments, today published the State of Scams: Fall 2024 Biannual Threats Report.

/payments

Plooto offer short term capital to SMEs with new Pay by Card product

Plooto, a leading payment automation solution for small-to-midsize businesses (SMBs), now offers Pay by Card to Canadian and U.S. businesses, developed in collaboration with Visa.

/wealth

JPMorgan Chase rolls out new flagship branch format for affluent clients

JPMorganChase today unveiled its newest branch format, the J.P. Morgan Financial Center, specifically designed to serve the unique needs of affluent clients through a highly personalized level of service, backed by the global capabilities of JPMorganChase.

/wholesale

BofA sees 51% increase in companies using APIs for real-time treasury needs

The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs).

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