With investing, even a small edge that can be identified and pursued can result in huge returns. That’s why, as experienced investor Daniel Calugar explains, hedge funds are already experimenting with quantum computing to help them solve complex financial modeling and risk analysis. Quantum computing is still a relatively new technology, at least from the standpoint that it isn’t yet widely adopted. There are many reasons for this, of course, not the least of which is the fact that the emerging technology is still expensive and not readily available. Still, major hedge funds are diving headfir ..read more

Capital markets technology firms Tokeny, a leader in tokenization technology for capital markets assets, and Globacap, a world leader in the automation of private markets operational workflow, have partnered to expand the DINO Network and transform the distribution landscape for tokenized private assets. Private capital markets have witnessed robust growth over the past decade, surpassing global public markets’ expansion by 1.7 times. Tokenization has emerged as a key enabler of accessibility, efficiency, transparency, and liquidity for the private market by providing a unified and programmabl ..read more

Building societies could be missing out on attracting a new generation of customers and retaining current ones by failing to accelerate their digital propositions and experiences according to a new report, “Digitise or die”: a call to arms for building societies’, from Moneyhub. Almost half (47%) of building society customers reported difficulties engaging with their services, with digital experience a frequent pain point for many. Moneyhub’s report and research highlights the growing need for building societies to digitalise as they struggle to attract a new generation of younger customers. I ..read more

Paystand, the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay, an industry-leading spend management software. The transaction creates a B2B payments powerhouse whose continued goal is to revolutionize payments by expanding the largest, fastest, and most cost-efficient B2B payments network. he acquisition marks the next step in Paystand’s trajectory towards building an industry-wide decentralized finance (DeFi) network, once considered a pipe dream, capable of connecting buyers and suppliers at scale. This milestone, in combination with partnerships ..read more

This week the EU passed a broad set of Anti-Money Laundering Regulations (AMLR), which enforce stricter rules for Know Your Customer (KYC) processes at financial institutions. These aim to protect against money laundering and the financing of sanctioned individuals and organisations. Crypto Asset Service Providers (CASPs) are included in the AMLR, and will be obligated to verify the identity of all customers, store data on cross border transactions, and report suspicious activity to the relevant authorities. Although the EU’s AMLR isn’t new to the financial industry, this latest update clarifi ..read more

iPipeline, a leading provider of digital solutions for the life insurance and wealth management industries, today announces the appointment of Adam Boone as Chief Financial Officer, who will lead the financial management activities for the growing global business. Boone will play a critical role in advancing the company’s strategic operating initiatives, including spearheading plans for sustained financial growth. In his 17-year-plus career, Boone has built an impressive track record of building and managing global finance functions and cultivating high-performing teams at high-growth technolo ..read more

Industry pioneers from banking and technology are set to join forces in a webinar on May 14th at 4:30 PM BST, highlighting innovative pathways for small and medium enterprises (SMEs) toward decarbonisation and enhanced sustainability practices. Hosted by Connect Earth, the webinar titled “From Banking to Decarbonisation: Innovative Pathways for SMEs” aims to spearhead discussions that underscore the critical role of financial institutions in leading environmental initiatives. As global scrutiny increases on how the financial sector and businesses manage their carbon footprints, the need for ad ..read more

Elavon, a leading global payments provider, today announces its expanded collaboration in Europe with FreedomPay, a global leader in Next Level Commerce technologies. The partnership aims to deliver cutting-edge integrated commerce solutions and omni-channel payments technology to large enterprise merchants across Retail payments and Hospitality. The agreement pairs Elavon acquiring with FreedomPay commerce technologies to benefit Elavon merchants across Europe, empowering businesses with enhanced payment flexibility and optionality, data security, and a seamlessly integrated payments technolo ..read more

WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that it has reached a new long-term agreement with Booking.com, effective April 2024. This agreement distinguishes WEX as Booking.com’s preferred virtual card provider as it continues providing WEX payment solutions in support of Booking.com’s payments vision to make buying and selling travel-related products and services easier for everyone. “With more than 800,000 active customer relationships worldwide, WEX is proud to work with eight of the top ten online travel agencies globall ..read more

Nuvo, the fastest trade credit management platform for B2B sellers, has announced a strategic relationship with Equifax®, a leading global data, analytics and technology company. Nuvo will leverage Equifax commercial and business principal information within Nuvo credit application software, streamlining the customer onboarding, underwriting, and credit approval processes associated with extending trade credit. Nuvo’s suppliers will also gain the ability to submit their receivables to Equifax to help their customers build their business credit profile. Nuvo offers suppliers the ability to issu ..read more