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Nancy Langer Takes the Helm as President and CEO of CSI, Pioneering the Next Wave of Innovation
CSI has appointed Nancy Langer as its new President, CEO, and board member, succeeding David Culbertson, who will transition to vice chair of the board. Langer, with over 35 years of FinTech experience, previously served as CEO of Transact Campus, leading significant growth and digital transformation. Her record includes notable achievements at CoreLogic and Metavante. Frank Martire, CSI’s board chair, highlighted Langer’s expertise in transforming financial tech organizations as key to driving innovation at CSI, especially for community banks. Langer expressed her commitment to fostering a culture of innovation and enhancing customer service in her new role.
Devexperts Unveils Comprehensive Turnkey Futures Trading Platform for U.S. Brokers
Devexperts has launched a cutting-edge futures trading platform tailored for US brokers, responding to increased demand for futures trading solutions in a favorable regulatory environment. The platform enables immediate deployment or customization and provides access to major exchanges like CME and ICE. Key features include DOM ladder trading, a real-time order management system, post-trade monitoring, and integration with market data services. It also includes mobile applications and customizable tools for traders. Devexperts offers comprehensive support and development services, ensuring brokers can adapt to market needs. CEO Ben Hurley highlighted the platform’s importance amid rising global interest in futures trading.
BUX Faces €1.6 Million Fine from Dutch Regulators for Referral Incentive Violations
The Netherlands Authority for the Financial Markets (AFM) has fined neo-broker BUX €1.6 million for violating inducement regulations by providing incentives to customers and influencers. BUX ceased these practices in April 2023, which raised concerns about customer interest integrity. CEO Yorick Naeff emphasized BUX’s commitment to transparency and customer care. Despite regulatory challenges, BUX is innovating by partnering with PrimaryBid to enable retail investors in Belgium and the Netherlands to access IPOs. Additionally, BUX Financial Services has been acquired by Asseta Holding, following BUX’s acquisition by ABN AMRO, as part of a strategic shift focusing on its Cyprus-based entity.
Affirm and Adyen Boost BNPL Services with Strategic UK Expansion
Adyen has strengthened its partnership with Affirm to launch innovative payment solutions in the UK, offering consumers flexible options like interest-free and interest-bearing installment plans. This collaboration allows approved customers to customize payment schedules, ensuring transparency without hidden fees. According to Adyen UK’s Managing Director, Nicole Olbe, there is a growing demand for superior payment experiences globally. The partnership, which began in November 2020 in the U.S., is expected to enhance customer satisfaction at checkout and drive merchant growth in the UK. Affirm’s UK Country Manager, Ruth Spratt, highlighted the benefits of these flexible payment options for businesses.
Brite Payments and OXID eSales Join Forces to Revolutionize Instant E-Commerce Payment Solutions
Brite Payments, a Swedish FinTech firm, has partnered with Germany’s OXID eSales to enhance e-commerce payment processes by integrating Brite Instant Payments and Instant Payouts into OXID’s platform. This collaboration aims to provide merchants with fast, secure transactions and simplify the refund process through an easy plugin. Key features include a frictionless checkout, bank payment capabilities, and reduced fraud risks, meeting the needs of the growing number of consumers in Germany familiar with digital payment methods. Both companies emphasize improving the overall payment experience, benefiting merchants with predictable cash flow and lower operational costs.