PRNewswire - FinTecBuzz

Algebrik AI, Open Lending Team Up on Auto Loan Decisions for CUs

PRNewswireAugust 12, 20255 min

Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City and pioneering the world’s first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced an integration with Open Lending Corporation, an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions. This collaboration aims to strengthen auto loan decisioning capabilities within Algebrik’s cloud-native, AI-powered LOS—part of the Algebrik One lending suite—enabling credit unions and community lenders to confidently extend credit to near- and non-prime borrowers while...

Banking

Tier One Credit Union Selects Alkami for Digital Banking

PRNewswireAugust 12, 20254 min

Engagement includes both retail and business banking

Blockchain

Paxos to Seek National Trust Charter with OCC Approval

PRNewswireAugust 12, 20254 min

Paxos, the leading regulated blockchain infrastructure and tokenization platform, today announced that it has filed an application to convert its New York Department of Financial Services (NYDFS) trust charter into a national trust charter under the supervision of the Office of the Comptroller of the Currency (OCC). This strategic move will place Paxos under federal oversight and underscores its consistent commitment to maintain the highest regulatory standards of any blockchain infrastructure and tokenization platform globally. Since 2015, the company...

Crypto Currencies

Zodia Custody, Membrane Labs Partner on Institutional Collateral

PRNewswireAugust 12, 20253 min

Through this partnership, Zodia Custody will embed Membrane’s loan lifecycle and collateral management infrastructure to power institutional-grade financing workflows. Zodia Custody, the institution-first digital assets platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, has entered into a strategic partnership with Membrane Labs, a leading provider of post-trade infrastructure for institutional digital asset markets. Zodia Custody will integrate Membrane’s loan management infrastructure to underpin and automate key aspects of its collateral management...

Payments

Nium, iPiD Expand Partnership for VoP and Fraud Prevention

PRNewswireAugust 12, 20256 min

Nium, the leading global infrastructure for real-time cross-border payments, today announced the expansion of Verify, its account validation service, in Europe, through a strengthened strategic partnership with iPiD, the provider of the Know Your Payee (KYP) solution, iPiD Node. As part of this deepening collaboration, iPiD is also leveraging Nium’s Verify technology to enhance its own validation capabilities, marking a mutual partnership between two of Singapore’s most prominent fintech innovators. By tapping into Nium’s established account verification infrastructure, iPiD is...

Crypto Currencies

KuCoin Pioneers UBS uMINT Collateral Support via DigiFT

PRNewswireAugust 12, 20256 min

Setting a New Industry Standard by Enabling Liquid, Safeguarded Collateral That Links Traditional Finance and Digital Asset Investment Through Robust Technology Infrastructure KuCoin, a leading global cryptocurrency exchange, today announced support for UBS uMINT, a token corresponding to the first tokenized money market investment fund launched by UBS Asset Management and distributed through DigiFT, a leading licensed platform for tokenized real-world assets (RWAs). As the first global crypto exchange to support UBS uMINT, this collaboration allows institutional tokenholders through DigiFT to...

Platforms

Ultima Markets Secures FCA Licence to Support UK Expansion

PRNewswireAugust 12, 20254 min

Ultima Markets, a globally trusted CFD broker for online trading, has secured the regulatory licence to operate under the United Kingdom’s Financial Conduct Authority (FCA). This acquisition marks a significant step in Ultima Markets’ strategy to establish a regulated presence in the United Kingdom (UK). The UK is a key global financial hub with an estimated 19 million and growing active traders in 2024. The FCA has rules and regulations that emphasize transparency and consumer protection. “We’re incredibly proud to...

Investments

Heron Finance Adds Antares Private Credit Fund to Portfolios

PRNewswireAugust 11, 20253 min

Heron now offers accredited investors and RIAs exposure to more than a dozen leading private credit funds with over 3,500 loans from all 11 GICS sectors.

Direct Lending

Integrity Cap & IntegriTech Launch AI Lending for SMBs

PRNewswireAugust 11, 20256 min

New partnership combines next-gen AI automation with flexible, bank-backed financing to streamline loan approvals, reduce costs for lenders, and unlock faster growth for small businesses nationwide.

Platforms

SMArtX Adds 16 New Strategies to Manager Marketplace

PRNewswireAugust 11, 20254 min

Fort Washington Investment Advisors and Tannin Capital Join the SMArtX Platform

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