10x Banking, Alloy Partner to Bring Cloud Risk Decisioning to Finance

10x Banking, the cloud-native core banking platform, has partnered with Alloy, a leading identity and fraud prevention platform, to deliver a next-generation customer onboarding, perpetual KYC and KYB monitoring, and credit decisioning platform for financial institutions globally. The partnership combines 10x’s pioneering meta core platform with Alloy’s leading solutions for managing identity risk throughout the customer lifecycle. 10x’s solution powers major financial institutions globally, including Chase UK and Westpac, and provides banks with the fastest, most cost-effective path to cloud-native...

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA

Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA. On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.” Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world. His...

Piper Sandler Strengthens Financial Services Group Adding Matt Somma

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Matt Somma as a managing director in the financial services group. His primary responsibilities will be advising asset and wealth management firms on M&A transactions and capital raises, as well as providing advice to family offices and their respective portfolio companies on strategic alternatives. Somma will be based in the New York office and report to Bill Burgess and Scott Clark, co-heads of investment banking...

Empyrean Solutions Secures Significant Investment from Hg

Transaction follows a period of rapid growth and scaling, where Empyrean has emerged as a leading provider of integrated risk and performance management solutions for financial institutions. Funding will enable Empyrean to accelerate its product roadmap investments to address more ‘Office of the CFO’ software solutions, designed specifically for financial institutions, as well as expand sales and marketing to keep up with growing demand. Empyrean Solutions (“Empyrean”), a leading provider of risk and performance management...

Prosper Wins 2024 Tearsheet Award for ‘Best Consumer Lending Program’

Prosper Marketplace, the first peer-to-peer lending platform in the United States, has been recognized as the winner of the 2024 Tearsheet Award in the Best Consumer Lending Program category. The Tearsheet Awards celebrate companies who have achieved exceptional success in various categories, including marketing, banking, payments, data, and lending. This Best Consumer Lending Program award honors top performers in the lending sector, recognizing companies and individuals driving innovation in digital lending and expanding financial access to...

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