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Tarabut Acquires Vyne Ahead of New MENA Regulatory Requirements

BusinessWireSeptember 4, 20246 min
Tarabut, the first and largest regulated open banking platform in the MENA region, announced the acquisition of London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses. This strategic acquisition, which has been approved by both the Saudi Central Bank (SAMA) and the UK’s Financial Conduct Authority (FCA), bolsters Tarabut’s ability to deliver faster, more accessible, and more interconnected financial services, both across the region and globally. The deal closed officially on August 1st,...

Swift Cross-Border Payment Processing Speed Stretched Ahead of G20 Target

BusinessWireOctober 17, 20247 min
90% of cross-border payments sent over the Swift network reach the destination bank within an hour, well ahead of the G20’s target of 75% reaching the end customer’s account by 2027 The speed of processing is above the G20 target for all but two of the 40 countries receiving the top volume of transactions on the Swift network However, variations remain in processing speeds between funds arriving at the beneficiary bank and being credited to...

Behavox Intelligent Archive Achieves 100%+ Quarter-over-Quarter Growth

BusinessWireOctober 11, 20245 min
Behavox, a global leader in AI-powered compliance and risk management solutions, announced its second consecutive quarter of 100% customer growth for its Intelligent Archive solution. Launched in January of this year, this rapid growth highlights the market’s dissatisfaction with legacy providers and the growing demand for modern compliance and archiving solutions. Behavox Intelligent Archive is powered by Behavox’s proprietary large language model, created in collaboration with leading financial services institutions and tailored specifically for the...

Americas Executions Leverages Broadridge for Securities Lending

PRNewswireOctober 11, 20244 min
Americas Executions (AmerX), a full-service broker-dealer, implements technology platform Securities Finance and Collateral Management (SFCM) from global fintech leader Broadridge Financial Solutions, Inc. to drive growth for its newly launched securities lending business. “As we launch AmerX’s new securities lending business, Broadridge’s advanced solution provides the essential system functionalities to enable us to offer new products and services that address the growing needs of our clients, which is crucial for business growth,” said Kevin Cryan, AmerX...
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