Tonkean has acquired Cinch to grow its procurement and finance offerings as well as its presence in Europe, the Middle East and Africa. The transaction brings together Tonkean’s process and agentic orchestration platform and Cinch’s artificial intelligence-powered finance and logistics intelligence platform, the companies said...
Crypto exchange Kraken is set to acquire tokenized assets platform Backed Finance. The deal, announced in a news release Tuesday (Dec. 2), follows a collaboration between the companies called xStocks, their tokenized equities effort. Terms of the deal were not disclosed. “xStocks has seen exceptional...
Nuvei’s global processing capabilities can now support 10,000 transactions per second and more than $1 trillion in annual payment volume. These capabilities were expanded by the company’s expanded strategic partnership with Microsoft, which enables Nuvei’s core payment processing application programming interfaces (APIs) to run on...
OpenAI is teaming with Thrive Holdings, an investment vehicle created by longtime investor Thrive Capital, to boost enterprise artificial intelligence adoption. Their initial focus will be on accounting and IT services, where OpenAI’s platform can drive immediate benefits, according to a Monday (Dec. 1) announcement....
Goldman Sachs is set to acquire defined outcome ETF firm Innovator Capital Management. The $2 billion deal, announced Monday (Dec. 1), is designed to expand the exchange traded fund (ETF) lineup at Goldman’s asset management business. Innovator, the banking giant noted in its announcement, was...
Amazon and Google have teamed to help cloud service providers connect with each other. The tech giants’ cloud units on Monday (Dec. 1) announced a new, jointly engineered multicloud networking solution that uses Amazon Web Services (AWS) Interconnect – multicloud and Google Cloud’s Cross-Cloud Interconnect. According to the announcement, the partnership also introduces an...
Global data and technology company Experian has partnered with British not-for-profit organization Fair4All Finance to help people access debt consolidation products. Together, using a 1-million-pound (about $1.3 million) grant from Fair4All Finance, the organizations will promote ReFi, Experian’s technology that combines multiple debts into a...
Robinhood is set to acquire LedgerX, a derivatives exchange formerly owned by FTX. It’s part of a joint deal announced Tuesday (Nov. 25) by the financial services platform and capital markets company Susquehanna International to purchase a majority stake in LedgerX, which was once owned by the now-defunct cryptocurrency platform FTX...
Global payments processor Thredd has signed an agreement in which it will connect across three global Visa Cloud Connect endpoints. By connecting to Visa Cloud Connect, which allows organizations to access Visa’s global payments network VisaNet, Thredd will eliminate the need for multiple regional integrations...