NS&I to Replace Legacy Core Banking with SBS’s Cloud Platform

In Extending Its Relationship with IT Service Provider Atos, The UK Savings Bank Will Transition All of Its Banking and Payments Services to SBP Digital Core NS&I (National Savings and Investments), the U.K.’s government-owned savings bank, and global financial technology company SBS today announced their work together to digitise NS&I’s core banking and payments services. The initiative is part of NS&I’s Transformation Programme and its contract with Atos, a European digital transformation company, to modernise its banking engine. SBS’s...

SUNRATE announces strategic partnership with Voxel

SUNRATE, an intelligent global payment and treasury management platform announced at Bavel Travel Summit 2024, that it has entered into a partnership with Voxel, an Amadeus company and a leading provider of electronic invoice and B2B payment solutions for travel sellers, hotels, and other travel players. The partnership builds on the virtual card issuing engine and know-how of SUNRATE, which will join Bavel Pay, Voxel’s payment solution, and will enable Voxel and its clients to scale...

ION introduces Wallstreet Suite: Empowering Treasury

ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, announces the launch of its new Wallstreet Suite solution. Tailored for the world’s largest and most complex organizations, central banks, and government agencies, the new Wallstreet Suite is an enterprise-level treasury management system and payment hub solution. It is designed to handle sophisticated treasury needs including high volumes of payments and sophisticated risk management, while providing global visibility to...

Arbor Realty Trust, Inc. co-funds Fannie Mae SARM loans of 2022

Arbor Realty Trust, Inc. (NYSE: ABR ), a leading multifamily and commercial mortgage lender, recently co-funded one of the largest Fannie Mae Structured Adjustable-Rate Mortgage (SARM) loans of 2022 in support of New York-based Emerald Empire’s acquisition of Pangea Properties’ Chicago portfolio. The deal was primarily financed by Arbor Realty Trust. NewPoint Real Estate Capital also participated in the transaction. The sale spans several hundred properties and thousands of units, of which 97% are considered “affordable” at 60% of Area Median Income...

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