5 FinTech deals that took place in the first half of 2022
By Joy Dumasia
FinTech describes new tech that seeks to improve and automate the delivery and use of financial services. At its core, FinTech is utilised to help companies, business owners, and consumers better manage their financial operations, processes, and lives by utilising specialised software and algorithms that are used on computers and, increasingly, smartphones. FinTech, the word, is a combination of “financial technology”.
The COVID-19 pandemic has accelerated the process of digitalisation for the financial services industry. Amidst the unprecedented market volatility, the industry’s appetite for digital technology has increased. The new year saw some significant deals being undertaken by FinTech companies.
The following are 5 FinTech deals that took place in the first half of 2022:
NeoXam, a leading financial software company, announced that it had been chosen by Societe Generale Securities Services (SGSS) to provide investment and reporting software to support clients’ services of its private equity business unit.
NeoXam’s technology, GP, handles all portfolio types, supports a comprehensive range of asset classes and integrates NeoXam’s other solutions for data management, digital and regulatory reporting, compliance and daily matching needs, among other benefits.
Sentinels, Europe’s leading intelligent transaction monitoring and client risk management platform, has been selected by Rebellion Pay to enhance and streamline the leading Spanish neobank’s anti-money laundering (AML) compliance monitoring and risk profiling functions.
By consolidating transaction data from multiple environments into an all-in-one monitoring solution, according to programmable business rules, the Sentinels platform allows compliance supervising teams to generate next-level client risk profiles and more reliably identify suspicious transactions and client behaviour.
Mirabaud is proud to announce the launching of the largest project the bank has ever embarked on, pushing ahead its highly regarded entrepreneurial and passionate team to the next level of client service thanks to the adoption of enhanced digital front and back-office capabilities.
Temenos and Wealth Dynamix will be supporting Mirabaud’s move from traditional on-premise systems to deliver a digital end-to-end wealth management platform for the Group over the next few years.
Finastra announced that Orange Bank in France had selected Finastra’s corporate treasury management solution, Fusion KTP, in the cloud. The move will enable the bank to harness a fully integrated treasury management platform and gain faster access to innovation and time to market. Launched in France in November 2017, then in Spain in November 2019, Orange Bank provides banking services designed natively around customers’ mobile uses, which are both highly innovative and synergetic with Orange Group’s telecommunications business.
ComplyAdvantage, a global data technology company transforming financial crime detection, announced that Anyday, a Danish FinTech that offers fair and transparent instalment payments, has selected the company’s award-winning Customer Screening and Monitoring solution.
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