Spendesk Becomes First Profitable AI-Driven Spend Platform

Spendesk, the AI-powered spend management and procurement platform, today announces a major milestone: it has achieved profitability, marking one full quarter in the black. This achievement makes Spendesk the first European spend management and procurement platform to reach profitability, a bold step forward in the industry’s evolution. Since its €2 million seed round in 2017, Spendesk has rapidly evolved from a disruptive startup to a profitable market leader. The company surpassed €1 billion in spend...

Allvue, Octaura Partner to Streamline Loan Trading & Management

Allvue Systems, LLC, a leading provider of investment management technology for alternative asset managers, and Octaura, a leading electronic trading platform for syndicated loans and CLOs, today announced a joint implementation of their solutions for ICG, a global alternative asset manager with a track record of over 35 years. By implementing Allvue’s highly configurable suite of CLO management solutions alongside Octaura’s electronic leveraged loan trading and analytics platform, ICG gains a seamless workflow for bulk loan trading, portfolio management,...

RS2 Partners with Visa for Global End-to-End Payment Solution

RS2, a global provider of payment software and processing solutions, has today announced it will collaborate with Visa, a world leader in digital payments, to offer an end-to-end acceptance infrastructure proposition. The new collaboration will combine Visa’s front-end authorization services, while RS2’s robust infrastructure powers back-end processing. This powerful combination will enable banks, fintechs, and merchants around the world to access a streamlined, scalable, and secure payment platform. Early implementations are underway in Europe and...

Mascoma Technologies Launches Stratum to Modernize Banking

Mascoma Technologies today announces the release of Stratum, a Software-as-a-Service (SaaS) platform that gives financial institutions real choice in how they build and evolve their technology environments. Purpose-built by bankers for bankers, Stratum empowers financial institutions (FIs) to standardize and synchronize data, run legacy and next-gen systems in parallel, and create connected ecosystems to meet customers’ needs. “At a time when many banks are frustrated by the limitations of legacy platforms, Stratum changes the game,” said...

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