Industry Veteran Rieber Joins LSQ Supply Chain Finance Team

LSQ, a leading provider of technology-driven working capital financing and payments solutions, announces the hire of Brian Rieber as Vice President of Working Capital Solutions. In his role, Rieber will be focused on helping companies create supply chain finance programs to meet their liquidity needs. Rieber has more than 20 years experience in the industry. He started his career in accounts payable at IBM. From there, he spent nearly a decade at American Express selling B2B payment...

IBM Acquires Expertus to Expand Hybrid Cloud Digital Payment Solutions

Canadian Fintech Solutions Provider Gives¬†Financial Institutions the Flexibility and Security to Rapidly Innovate and Compete; Advances IBM’s Hybrid Cloud and AI Strategy IBM (NYSE:¬†IBM) today¬†announced it has acquired¬†Montreal-based fintech company, Expertus Technologies Inc.¬†The acquisition strengthens IBM’s portfolio as an end-to-end digital payments solution provider and further advances IBM’s hybrid cloud and AI strategy. “Financial institutions must balance greater demand for secure digital solutions while complying with rapidly evolving regulation,” said¬†Mark Foster, Senior Vice President, IBM...

SS&C Completes Acquisition of Algorithmics

SS&C Technologies Holdings, Inc.¬†(Nasdaq:¬†SSNC) today announced the completion of the acquisition of¬† Algorithmics and related assets from IBM. The addition of Algorithmics will extend SS&C’s risk analytics and regulatory offering. Supported by a global team of risk experts based in all major financial centers, Algorithmics’ solutions and technology address market, credit, and liquidity risk, as well as capital management.¬†Algorithmics’ cloud-based technology will add micro-services within SS&C’s platform. The acquisition adds more than 200 clients, 350...

IBM to Support Payments and Foreign Exchange in More Than 50 Countries

MONEY 20/20: IBM (NYSE:¬†IBM) today announced IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions, is officially accessible in a growing number of markets. Designed to optimize and accelerate foreign exchange, cross border payments and remittances, World Wire is the first blockchain network of its kind to integrate¬†payment¬†messaging, clearing and settlement on a single unified network, while allowing participants to dynamically choose from a variety of digital assets for settlement. “We’ve...

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