Fintech PR
Finastra signs global agreement with Microsoft to accelerate trade platform modernization
The agreement will deliver one of the leading global documentary trade and supply chain finance platforms – Finastra Trade Innovation, running on Microsoft Azure
LONDON, Sept. 20, 2023 /PRNewswire/ — Finastra today announced a multi-year global agreement with Microsoft focused on trade platform modernization, building on the existing availability of Finastra Trade Innovation in the cloud. Delivering the full functionality of Trade Innovation via a full microservices architecture using Microsoft Azure, will give banks increased agility, flexibility and scalability, enabling them to continue to provide service excellence to customers throughout their modernization journey.
As the expectations of corporate customers evolve, financial institutions need to deliver a seamless and engaging transactional experience across their trade finance and supply chain finance operations in support of open finance. Further extending the open APIs available through Trade Innovation and Finastra’s open innovation platform, FusionFabric.cloud, will allow customers to leverage a vibrant digital trade ecosystem, supporting the digitalization of the full transaction lifecycle.
“Partnering with Microsoft builds on our joint strategic vision to help accelerate the digital transformation of financial services, and support customers on their journeys to be open,” said Isabel Fernandez, Executive Vice President for Lending at Finastra. “Customers are eager to transform their trade finance and supply chain offerings, and to access the latest innovations, working with partners across the ecosystem. Via this agreement, existing and new customers will benefit from increased flexibility to connect, collaborate and adapt to evolving customer needs and new regulations.”
Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft added: “We’re excited to deepen our relationship with Finastra to support banks on their trade modernization journey. Using the rich functionality of Finastra’s Trade Innovation platform and FusionFabric.cloud, combined with the power of Microsoft Azure and data and AI advancements, we look forward to helping financial institutions further accelerate innovation, increase efficiencies, enhance customer engagement and transform their operations at scale.”
Finastra Trade Innovation was recognized once again as “Best in Class” in the Aite Matrix of Trade Finance Software (Feb 2023) from Datos Insights (formerly Aite-Novarica Group). Enrico Camerinelli, Strategic Advisor at Datos Insights said: “The decline of manually intensive and paper trade finance operations, the continued growth of supply chain finance, and the rise of fintech players are encouraging banks to transform the status quo with API-based open banking, artificial intelligence, and data analytics. To achieve this, banks need modern, open systems and the support of industry leaders in this space, supporting them on their transformation journeys.”
About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.
Logo – https://mma.prnewswire.com/media/1916021/FINASTRA_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/finastra-signs-global-agreement-with-microsoft-to-accelerate-trade-platform-modernization-301932002.html
Fintech PR
GTN bolsters European growth with FCA authorisation
LONDON, Nov. 6, 2024 /PRNewswire/ — GTN, a global fintech redefining investing and trading for all, is proud to announce that it has secured authorisation from the UK Financial Conduct Authority (FCA). This strategic achievement reinforces GTN’s position as a global fintech leader, enabling the company to offer a broader range of investment services to the European financial services community.
With FCA authorisation, GTN is set to expand its service portfolio to include Tripartite Model B services, addressing the needs of wealth managers, fintechs, and other firms authorised to trade on behalf of their clients but require custody to be supplied by a partner firm.
“We are thrilled to officially launch our European subsidiary and excited to add the UK to our portfolio of regulated entities. The FCA authorisation aligns with GTN’s mission to support the vibrant European financial and fintech ecosystem,” said GTN’s co-founder and Group CEO, Manjula Jayasinghe, “GTN’s regulatory presence in the UK now complements its existing operations in the US, Singapore, and Dubai, further reinforcing its global reach. “
With its global footprint and deep understanding of the fintech landscape, GTN is uniquely poised to meet the growing demand for innovative financial solutions in Europe.
About GTN
GTN is a fintech pioneer with decades of success, holding broker-dealer and capital markets services licenses in multiple jurisdictions through subsidiaries. We are committed to empowering brokers, banks, asset managers, and fintechs with scalable and innovative investment and trading solutions that enable access to a comprehensive network of global markets and multiple asset classes, making investment and trading accessible to all.
GTN brings together a diverse team of over 500 talented individuals spread across Brazil, Hong Kong, Saudi Arabia, Singapore, South Africa, Sri Lanka, the UAE, the UK, and the US, united by a shared passion and purpose: empowering clients and transforming the accessibility to investment and trading opportunities for all.
GTN is backed by strategic investors IFC, a member of the World Bank Group, and SBI Group, one of the largest financial services firms listed on the Tokyo Stock Exchange. To learn more, visit www.gtngroup.com or follow us on LinkedIn.
Logo: https://mma.prnewswire.com/media/1904122/5005459/GTN_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/gtn-bolsters-european-growth-with-fca-authorisation-302296869.html
Fintech PR
Groupe Mutuel integrates Ada Health’s AI-powered care navigation into their member experience across Switzerland to support personalized, streamlined access to care
- Ada Health’s AI health assessment and care navigation technology is integrated into Groupe Mutuel’s app. It helps members better understand their symptoms and care needs and directs them to relevant care options 24/7.
- Ada incorporates users’ Groupe Mutuel insurance plans when making care recommendations, enabling personalized care journeys that include the most appropriate support and services.
- The announcement continues Ada’s strong growth in the insurer and payer segment following the recent renewal of its partnership with French health insurance aggregator Santéclair.
BERLIN and MARTIGNY, Switzerland, Nov. 6, 2024 /PRNewswire/ — Ada Health, the leading global AI health assessment and care navigation platform, and Groupe Mutuel, the comprehensive insurer, have launched a partnership to support quicker and easier access to affordable, effective care for up to 1.4 million Groupe Mutuel members across Switzerland.
Through this partnership, Ada’s clinically validated AI helps Groupe Mutuel offer tailored healthcare experiences for their members. For these members, Ada’s on-demand, trustworthy health assessments support them by navigating them to a wide array of services, 24/7. Facilitating quick, round-the-clock access to clinically appropriate services across Groupe Mutuel’s extensive care and partner network can improve time-to-treatment and potentially reduce unnecessary primary care visits.
Following an assessment, members will receive a recommendation for appropriate care options included in their policy and a referral voucher for reimbursement. Ada assessments are integrated into a member’s Groupe Mutuel single sign-on and are available in Italian, French, German, and English.
Since taking effect, Ada has already demonstrably improved member confidence, with a 59% reduction in members who are unsure of what care they should seek for their concerns. Members are also able to access guidance and services through Ada 24/7, with more than half of members utilizing Ada outside of normal clinical hours.
In addition to supporting members in understanding their health and navigating to care, Ada also helps highlight existing or unknown risk factors, such as high blood pressure and diabetes, informing potential prevention campaigns to improve long-term member well-being.
Nicholas Altebrando, Chief Product Officer at Ada, said: “At Ada, we believe that AI can help care-seekers everywhere access the right care at the right time. Partnering with insurance services enables us to provide tailored care pathways for members, helping us achieve this vision. We’re pleased to be extending our partnership with Groupe Mutuel to navigate its members to the right treatment and provide access to tailored, affordable, and efficient care for individuals across the Swiss healthcare system.”
Nicolas Höfler, Head of Digital Services & Ecosystems at Groupe Mutuel said: “By integrating Ada’s AI, Groupe Mutuel is the first health insurer in Switzerland to take an innovative and forward-looking approach to healthcare. It does not replace a doctor, but offers our members immediate and reliable assistance by orienting them to next steps.
“Offering a high level of diagnostic accuracy, Ada contributes to Groupe Mutuel’s aim of relieving the burden on the healthcare system by avoiding unnecessary visits to the doctor or guiding to more suitable services for their personal needs. Minor cases, which in the past caused overloads, can now be handled more specifically and efficiently – an advantage for members and the entire healthcare system.”
Groupe Mutuel users with questions about their symptoms can conduct a free AI-powered Ada health assessment directly through the Groupe Mutuel app. Based on their responses, Ada then provides users with tailored next steps based on their needs and personal insurance plan.
Ada assessments are available for any Groupe Mutuel member in Switzerland via the Groupe Mutuel app. For more information, visit www.groupemutuel.ch/en/private-customers/our-services/ada.html
About Ada Health
Ada Health is a global health company founded by doctors, scientists, and industry pioneers to create new possibilities for personal health and transform knowledge into better outcomes. Its core system connects medical knowledge with intelligent technology to help tens of millions of people actively manage their health and health systems to deliver more effective care.
Ada Health’s powerful AI-based health assessment platform helps users better understand their mental and physical symptoms through a thorough series of questions based on clinically validated AI and protocols, and based on their responses, navigates them to the most appropriate available services and support. The platform’s medical knowledge covers an industry-leading range of symptoms and conditions, while the platform itself prioritizes user safety and accuracy and is designed to be as inclusive as possible.
The company also works with a range of leading health providers and organizations internationally to help direct users to the right care, support overburdened systems, and help manage diseases with the ultimate aims of improving health outcomes and delivering seamless end-to-end healthcare journeys.
About Groupe Mutuel
With over 2,800 employees across Switzerland, Groupe Mutuel serves more than 1.4 million individual customers and over 29,500 companies. As the only multiline insurer in Switzerland, Groupe Mutuel is the reference partner in the field of health and retirement benefits for private and corporate customers. Its turnover exceeds CHF 5.8 billion.
Thanks to tailored solutions, whether in basic insurance (LAMal/KVG) or supplemental insurance (LCA/VVG), it is the third largest health insurer in Switzerland. Groupe Mutuel also offers an extensive range of products in individual retirement benefits and patrimony insurance.
Based in Martigny, the insurer provides companies of all sizes with solutions for loss of earnings in the event of illness, accident insurance (LAA/UVG) and occupational pension plans (LPP/BVG). In the field of corporate health insurance, Groupe Mutuel is ranked fifth nationwide.
Fintech PR
AMPCO METAL Acquires Schmelzmetall Group to Expand Capabilities and Enhance Customer Offerings
MARLY, Switzerland, Nov. 6, 2024 /PRNewswire/ — AMPCO METAL, a global leader in copper-based alloys, is pleased to announce its acquisition of Switzerland-based Schmelzmetall Group, a renowned producer of high-performance copper alloys. This strategic acquisition strengthens AMPCO METAL’s position in the industry and expands its offerings to better serve customers across aerospace, defense, additive manufacturing, and other advanced applications.
With the integration of Schmelzmetall’s technology and expertise, AMPCO METAL can now deliver an even wider range of innovative solutions. Schmelzmetall is known for its specialized copper alloys, including Beryllium-containing powders and other high-purity materials, which offer unique advantages in demanding applications. Together, the combined companies are positioned to bring customers new capabilities and access to expanded technical resources.
Key Benefits for AMPCO METAL Customers
- Expanded Additive Manufacturing Solutions: Schmelzmetall’s high-performance copper-based metal powders and advanced 3D-printing capabilities enable the production of custom components with exceptional precision. AMPCO METAL now invites customers to explore opportunities in additive manufacturing using these specialized materials.
- Enhanced Offerings for Aerospace and Defense: Schmelzmetall’s vacuum-cast alloys offer superior reliability, with innovations in non-destructive testing that guarantee defect-free materials. These alloys are ideal for aerospace and defense applications requiring high chemical consistency and minimal porosity.
- Advanced Welding and Casting Expertise: The integration brings additional technical know-how in resistance welding, high-pressure aluminum injection, and low-pressure casting, supporting AMPCO METAL’s commitment to offering industry-leading solutions in metal processing.
Seamless Integration for Uninterrupted Service
AMPCO METAL has begun integrating Schmelzmetall’s sales team, with completion anticipated by the end of the year. During this period, customers can expect the same points of contact and continued, uninterrupted service.
A Stronger Commitment to Quality and Innovation
“This acquisition aligns with our mission to deliver top-quality products and services that meet the evolving needs of our customers,” said Martin Lütenegger, Group CEO of AMPCO METAL. “We’re excited to build on Schmelzmetall’s legacy and bring new capabilities to our clients worldwide.”
For more information, please contact your AMPCO METAL representative or visit our website at www.ampcometal.com
Contact:
Jérémie Dalin
Group Head of Marketing
+41264399300
Photo: https://mma.prnewswire.com/media/2549085/AMPCO_METAL.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ampco-metal-acquires-schmelzmetall-group-to-expand-capabilities-and-enhance-customer-offerings-302296613.html
-
Fintech5 days ago
Fintech Pulse: Your Daily Industry Brief – Breaking Trends and Insights in Fintech
-
Fintech7 days ago
Fintech Pulse: A Snapshot of Global Expansion, Regulatory Moves, and Transformative Tech in Fintech
-
Fintech PR7 days ago
The Rise of Insurance Third Party Administrator Market: A $544.67 Billion Industry Dominated by Tech Giants – Sedgwick, Crawford and Company and CorVel Corp | The Insight Partners
-
Fintech PR7 days ago
Ministers and Global Executives to Converge at the Second Edition of Gateway Gulf in Bahrain
-
Fintech PR4 days ago
CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation
-
Fintech PR7 days ago
Aker Solutions ASA: Proposed extraordinary cash dividend of NOK 21 per share, in total NOK 10 billion
-
Fintech PR5 days ago
Xinhua Silk Road: Financial co-op for global common dev’t under spotlight at forum held in E. China’s Shanghai Jing’an
-
Fintech PR5 days ago
Hitting Milestones, Coinstar and BBC Children in Need Celebrate Together with £1.6 Million in Donations