Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Skandinaviska Enskilda Banken AB (SEB) is leveraging Broadridge’s international post-trade processing solution to simplify and streamline its securities business across international and domestic markets.

“As a leading European bank with operations in more than 20 countries, and servicing a global client base, it was important for us to partner with a technology partner that can enable our global post-trade operations to be best in class,” said Kristian Gårder, co-head of Equities, SEB.  “Broadridge is a tech leader that has enabled us to advance from discrete, asset-specific systems to a unified and strategic solution that delivers increased simplification, frictionless workflow efficiency, real-time business-wide management controls, and the ability to respond effectively to new market requirements and our customers’ evolving needs.”

SEB is an established, long-standing user of Broadridge’s front and middle office solutions for order management, trade execution and allocation, and has now extended for post-trade processing. As a result, the bank now benefits from a strategic front to back-office infrastructure that simplifies and optimizes trading workflows and operations across international markets with advanced, straight-through solutions that deliver efficiency, scale and resilience at every stage of the securities trade lifecycle.

“We are excited to support SEB across its full trade lifecycle, bringing transformation and innovation across its securities businesses in the Nordic region and the wider international markets,” said Danny Green, Head of International Post-Trade Solutions, Broadridge. “In today’s markets, investing in post-trade efficiency is of paramount importance, and leading firms such as SEB are now in a stronger position to tackle the combined challenges of shrinking settlement periods, regulatory change and client service differentiation, while optimizing cost/income ratios and reducing risk.

Broadridge is focused on optimizing trading and connectivity, simplifying post-trade and delivering transformation and innovation for clients. To find out more about Broadridge’s solutions for the trade lifecycle, visit our website.

The post SEB Implements Broadridge’s International Post-Trade Processing Solution appeared first on HIPTHER Alerts.

In today’s Fintech Pulse, we delve into some of the most significant developments reshaping the industry, with a spotlight on new partnerships, regulatory advancements, and the importance of cybersecurity compliance.

Anadolubank Nederland Teams Up with Worldline

In a strategic move aimed at enhancing its payments infrastructure, Anadolubank Nederland has signed a five-year deal with Worldline to implement a cloud-based instant payments solution. This collaboration aligns with the European Union’s regulations on instant payments and emphasizes the need for financial institutions to remain agile in the face of regulatory demands. Worldline’s solution will ensure Anadolubank is equipped with a secure, scalable platform that enhances customer experience while meeting compliance requirements. Notably, Worldline has been consolidating its position in the payments landscape, recently announcing plans to reduce its global workforce by 8% in a cost-cutting initiative, aiming for significant savings. (Source: FinTech Futures)

IN Groupe Acquires IDEMIA’s Smart Identity Business

In a critical development within the identity management sector, IN Groupe has completed the acquisition of IDEMIA’s Smart Identity business. This acquisition positions IN Groupe as a stronger player in the identity management space, integrating IDEMIA’s portfolio of cutting-edge digital identity solutions with its offerings. The acquisition comes at a time when digital identity and secure authentication are becoming increasingly critical across the fintech and government sectors, driven by the growth of digital financial services and the need for enhanced KYC (Know Your Customer) protocols. This move is expected to bolster IN Groupe’s capabilities in addressing identity challenges for both private and public sector clients. (Source: Fintech News)

Nubank Leverages Nasdaq Technology for Compliance in Colombia

In a strategic step to streamline its regulatory compliance, Nubank has adopted regulatory reporting technology provided by Nasdaq to ensure seamless operations in Colombia. Nubank, which has rapidly expanded its footprint in Latin America, continues to prioritize regulatory compliance as it scales its operations. Nasdaq’s technology will enable the digital bank to manage its reporting requirements more efficiently while adapting to the evolving regulatory landscape in Colombia. This development underscores the growing importance of regtech solutions in supporting fintech companies’ compliance obligations, particularly as they navigate diverse regulatory environments across multiple jurisdictions. (Source: The Fintech Times)

Experian Launches New KYC Tool for Enhanced Ownership Tracking

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As regulatory scrutiny continues to mount globally, Experian has launched a new tool designed to help businesses track ownership structures more effectively, simplifying the KYC (Know Your Customer) process. This tool aims to improve transparency and reduce the risk of money laundering by offering businesses better insights into their customers’ organizational structures. The new solution is especially relevant as regulators continue to push for stricter compliance measures across the fintech ecosystem, with emphasis on customer verification and anti-money laundering (AML) protocols. (Source: Fintech News Malaysia)

Openmarkets Gains ISO 27001 Certification

Australian-based wealth fintech, Openmarkets, has achieved ISO 27001 certification, highlighting its commitment to information security. In an era where data breaches and cybersecurity threats are escalating, this certification serves as a benchmark of Openmarkets’ dedication to safeguarding customer data and adhering to the highest global standards for information security management. Achieving ISO 27001 also positions Openmarkets more competitively in the fintech space, as cybersecurity compliance becomes increasingly crucial for customer trust and regulatory approval. (Source: CRN Australia)

M2P Fintech Secures Over $100 Million in Funding

In one of the largest funding rounds this quarter, M2P Fintech has raised over $100 million in a combination of primary and secondary funding. This round will fuel M2P’s ambitious growth plans, which include expanding its financial infrastructure offerings across the Asia-Pacific region. The fintech firm, which provides API-based solutions to banks and financial institutions, has been instrumental in enabling digital financial services in emerging markets. With this new funding, M2P is well-positioned to drive further innovation in payments and financial infrastructure solutions. (Source: Entrackr)

Final Thoughts

These latest developments highlight the fast-paced evolution of the fintech industry, driven by technological innovation, regulatory compliance, and strategic partnerships. From digital identity management to instant payments and robust cybersecurity frameworks, the fintech landscape is rapidly transforming, with companies investing heavily in scalable solutions to meet both customer and regulatory demands.

Stay tuned for more updates as we continue to track these exciting trends in the fintech world.

The post Fintech Pulse: Your Daily Industry Brief (24 September, 2024) appeared first on HIPTHER Alerts.

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CARD91 proudly announces the launch of its 3-in-1 card platform at the prestigious Global Fintech Fest 2024. This innovative solution merges an ID Card, Access, and Prepaid Card functionalities, including NCMC, into one streamlined product, tailored for the modern needs of Corporate Employees and Students alike. Apart from these use cases, this card can be used in multiple scenarios like proper management of large-scale events, in medical institutions, shopping malls, and many more.

Unlock the Future with a Single Tap

This 3-in-1 card platform is set to redefine how organisations and their employees handle professional and financial transactions. By integrating multiple services into one card, users can now enjoy unparalleled convenience, improved security, and increased flexibility.

Platform Capabilities:

• Mobile-First Design: Optimised for mobile access, ensuring a seamless experience for both users and issuers.
• User-Friendly Interface: Intuitive portals and customisable dashboards simplify management, enhancing operational efficiency for corporates.
• Regulatory Compliance: Fully aligned with RBI guidelines, ensuring secure, compliant transactions.
• Enhanced Security: Equipped with numberless EMV cards, multi-factor authentication, and PCI DSS-compliant data storage for robust fraud protection.
• Configurable Integration: Open APIs allow easy adaptation and integration with various business systems.
• End-Use Control: Customisable settings for transaction limits, whitelisting/blacklisting MCCs/MIDs for enhanced expenditure control.

Card Benefits:

• Multipurpose Functionality: A unified solution for both business and personal use, simplifying everyday interactions.
• Convenient Mobility: NCMC-enabled, allowing users to skip metro queues and streamline daily commutes.
• Environmentally Friendly: Reduces carbon footprint by consolidating multiple functions into one eco-friendly card.

A New Era of Integration and Convenience

“We are thrilled to introduce this pioneering 3-in-1 card platform. This product represents our vision of the future, where technology seamlessly integrates into our everyday lives, from unlocking office doors to making secure online purchases and tapping to pay at the store. This launch also signifies our preparedness to enable APAAR Cards for students,” said CARD91 CEO, Ajay Pandey.

He added, “This launch marks a significant step forward in digital convenience, and we extend our sincere thanks to NSDL Payments Bank and NPCI for their support in making this possible.”

The post CARD91 Launches Revolutionary 3-in-1 Card Platform at Global Fintech Fest 2024: Pioneering ID and Payment Integration appeared first on HIPTHER Alerts.

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