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HealthEZ (or the “Company”), a leading independent third-party administrator (TPA) of self-funded medical plans, today announced that Abry Partners (“Abry”), one of the premier sector-focused private equity investment firms in North America, has acquired a majority stake in HealthEZ. With this transaction, Abry adds HealthEZ to its growing portfolio of healthcare services investments. Abry’s investment is intended to enable HealthEZ to provide more and enhanced services to its marquee client base as well as pursue strategic...

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Deutsche Bank and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also enable co-innovation between the two companies to create the next generation of technology-based financial products for clients. Both parties have signed a Letter of Intent and plan...

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This year, the financial sector is facing significant upheaval as a result of the coronavirus pandemic. But even before the virus’s spread began to inflict serious damage on nations’ economies, banking institutions were set for a challenging year. Low interest rates are here to stay, the shadow banking sector continues to grow and consumers are expecting more and more of banks’ digital services. Banks’ ability to adopt new technologies and maintain strong customer relations matters...

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The Bank of New York Mellon Corporation (“BNY Mellon”) today announced that it will redeem all of the issued and outstanding 2.600% Notes due August 17, 2020 (CUSIP 06406HDD8) (the “Notes”). The Notes have an aggregate principal amount of $1,100,000,000.Fintech News The redemption date for the Notes is July 17, 2020 (the “redemption date”). The redemption price for the Notes will equal 100% of the principal amount of the Notes plus any accrued and unpaid interest thereon to, but excluding,...

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The cybersecurity of cryptocurrency exchanges is paramount in today’s increasingly digital world. These platforms are responsible for large amounts of cryptocurrency tokens often worth tens of millions of dollars, belonging to thousands of unique users, making them a prime target for cyber criminals. To improve the overall safety of all cryptocurrency stakeholders, leading cybersecurity company Hacken has introduced the CER.live platform and CERtified cybersecurity certification standards. Cryptocurrency exchanges are susceptible to major threats such as traditional banking cybersecurity vectors...

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Thousands of pharmacies are to be offered material financial assistance thanks to a groundbreaking advanced payment system developed by Greensill, Britain’s leading fintech provider of working capital finance, and NHS Business Service Authority (NHSBSA). Greensill is using state of the art technologies and data analytics to forecast the value of prescriptions to be filled by a pharmacy, enabling payment a month in advance of the medicines being dispensed.  This will allow pharmacies to pay for medicines instantly...

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