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Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub

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Commerce Bank, headquartered in Kansas City, USA, has recently activated the FedNow instant payments service as part of its ongoing modernization efforts.

Collaboration with Temenos

Commerce Bank has partnered with Temenos, a leading Swiss vendor, to enhance its real-time payment capabilities. This collaboration builds upon Commerce Bank’s previous deployment of Temenos’ core banking platform in 2022 and its adoption of the Infinity loan origination solution earlier this year.

Utilization of Temenos Payments Hub

Commerce Bank has opted for the Temenos Payments Hub to integrate the FedNow service seamlessly. According to Temenos, this choice aims to amalgamate advanced banking products with cutting-edge delivery methods.

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Insight from David Roller

David Roller, CIO of Commerce Bank, views this selection as a strategic step in their modernization journey. He emphasizes the bank’s commitment to meeting the evolving expectations of its customers by leveraging the capabilities offered by the Temenos platform.

Features of the Platform

The Temenos Payments Hub, delivered via Software-as-a-Service (SaaS), offers a comprehensive suite of payment tools and frameworks. These include features like straight-through processing, automated exception handling, cloud security measures, intelligent routing, and customizable workflows.

Leveraging the US Model Bank

In addition to the Temenos Payments Hub, Commerce Bank has also leveraged Temenos’ US Model Bank. This collection of pre-configured banking processes is tailored to address the specific requirements of the US market, further enhancing Commerce Bank’s operational efficiency and customer service.

Source: fintechfutures.com

The post Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub appeared first on HIPTHER Alerts.

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Latest News

BIZCLIK MEDIA LAUNCHES JULY EDITION OF FINTECH MAGAZINE

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The July edition of FinTech Magazine includes an exclusive interviews with B4B Payments CEOs Kieran Draper & Tom Jennings, plus exclusive insights from Genpact, National Bank of Canada and Avenue Bank

LONDON, July 5, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest edition of FinTech Magazine. This publication is a highly regarded voice within the Financial Sector for its in-depth reports and interviews with prominent figures in the industry.

FinTech Magazine

This month’s edition features an extensive lead report with B4B Payments CEOs Kieran Draper & Tom Jennings on joining the Banking Circle Group and its evolutionary course to becoming a card-issuing and embedded payments giant.

“From the companies we’ve talked to who are using similar products, they tell us that our product is more advanced than what’s on offer in the US market”

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The edition also contains extensive interviews with key thought leaders from Genpact, National Bank of Canada and Avenue Bank. Plus the Top 10 Digital Banks

You can visit FinTech Magazine for daily news and analysis of the ever-changing financial industry.

About BizClik

BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.

BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.

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For more information, please visit our website.

View original content:https://www.prnewswire.co.uk/news-releases/bizclik-media-launches-july-edition-of-fintech-magazine-302189950.html

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ESG Book appoints Justin Fitzpatrick as new CEO

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Fitzpatrick will drive the next phase of ESG Book’s growth as a global leader in sustainability data and technology.

  • An experienced leader of investor-backed software companies, Fitzpatrick was previously Co-founder of FullCircl, a software provider to over 700 clients and 15,000 end users in regulated industries.
  • ESG Book offers a wide range of sustainability-related data and technology solutions that are used by many of the world’s largest financial institutions.
  • With 200,000 disclosures, ESG Book’s platform provides data and analytics on public securities and the ability to directly request ESG disclosures from private companies.
  • Fitzpatrick’s appointment comes as market demand for ESG and climate data solutions continues to grow, driven by increasing regulation and disclosure requirements worldwide.  

LONDON, July 5, 2024 /PRNewswire/ — ESG Book, a global leader in sustainability data and technology, today announced the appointment of Justin Fitzpatrick as the company’s new CEO with immediate effect. He will lead the next phase of ESG Book’s growth, and drive the firm’s market differentiation through next-generation sustainability solutions.

 

 

A highly experienced leader of investor-backed software companies, Fitzpatrick was previously the Co-founder and COO of FullCircl, a software provider to more than 700 clients and 15,000 end users in regulated industries. Prior to that, he was the Co-founder and CEO of DueDil, an award-winning regtech solution, and Co-founder and Non-Executive Director of Innovate Finance, an industry association that has been at the forefront of establishing the UK as a global fintech hub.

ESG Book offers a wide range of sustainability related data and technology solutions that are used by many of the world’s largest financial institutions, consultants, and corporates.

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Combining market-leading sustainability and climate data with a SaaS-based platform that provides access to approximately 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based technology offers best-in-class ESG performance management, peer benchmarking, and regulatory compliance solutions.

Fitzpatrick’s appointment as ESG Book’s new CEO comes as market demand for high-quality ESG and climate data products continues to grow, driven by fast-increasing sustainability regulation and disclosure requirements worldwide.  

Nazo Moosa, Advisory Board Member at ESG Book, said: “I am delighted to welcome Justin as ESG Book’s new Chief Executive. He is the ideal candidate to lead the company into a new, successful chapter at a time of a disruptive innovation cycle in sustainable finance. With his deep expertise in scaling and accelerating growth in investor-backed software companies, Justin has the track record to drive ESG Book’s global expansion and deliver its future success as a leader in sustainability data and technology.”

Justin Fitzpatrick, CEO of ESG Book, said: “I am excited to join ESG Book and lead the company into a new phase of growth. This is a business extremely well positioned to meet the fast-growing need for sustainability solutions across capital markets.”

“I look forward to working with the ESG Book team as we continue to expand our partnerships with financial institutions, reduce the friction for corporates in meeting ESG disclosure requirements, and deliver market-leading analytics and tools to help our clients achieve their sustainability goals.”

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About ESG Book

ESG Book is a global leader in sustainability data and technology. Combining market-leading sustainability and climate data with an ESG disclosure platform that provides access to almost 200,000 corporate disclosures and analytics, ESG Book directly connects companies with financial institutions. The firm’s cloud-based sustainability dashboard is used by the world’s largest companies and consultants for ESG performance management, peer benchmarking, and regulatory compliance.

Photo – https://mma.prnewswire.com/media/2454619/Justin_Fitzpatrick.jpg
Logo – https://mma.prnewswire.com/media/2280443/ESG_Book_logo.jpg

 

ESG Book Logo

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/esg-book-appoints-justin-fitzpatrick-as-new-ceo-302189791.html

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Canadian Crypto Custodian Balance Builds Fintech Solution

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Balance, a Canadian crypto custodian, is making headlines with its innovative fintech solution designed to streamline digital asset management. This development highlights Balance’s commitment to providing secure and efficient services in the rapidly evolving world of digital finance.

The Fintech Solution

Balance’s new fintech solution aims to simplify the management of digital assets for institutional investors. The platform offers secure custody services, advanced trading capabilities, and comprehensive reporting tools. This integrated approach is designed to meet the needs of professional investors seeking a reliable and efficient way to manage their digital assets.

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Security and Compliance

Security is a top priority for Balance. The fintech solution incorporates robust security measures, including multi-signature technology and cold storage, to protect assets from cyber threats. Additionally, Balance ensures compliance with regulatory standards, providing customers with peace of mind.

Market Impact

The launch of Balance’s fintech solution is expected to have a significant impact on the digital asset market in Canada and beyond. By offering a secure and efficient platform for managing digital assets, Balance is positioned to attract a wide range of institutional investors.

Looking Ahead

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As the digital asset market continues to grow, Balance aims to expand its services and enhance its platform. Future developments may include additional features and integrations that further streamline digital asset management for institutional clients.

Source of the news: Fintech Canada

The post Canadian Crypto Custodian Balance Builds Fintech Solution appeared first on HIPTHER Alerts.

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