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Plumery and Aequilibrium Join Forces to Revolutionize Digital Banking for Canadian Credit Unions
In response to the shutdown of Central 1’s digital banking services, Canadian credit unions are turning to innovative alternatives through a partnership between Plumery and Aequilibrium. Plumery, a digital banking platform provider, has teamed up with Aequilibrium, a digital transformation expert, to offer secure, scalable solutions for small to mid-sized credit unions. Their collaboration aims to simplify the migration process while ensuring customized user experiences and reduced operational costs. This proactive approach supports credit unions in maintaining continuity and enhancing customer services, highlighting the need for advanced financial technology accessible to smaller institutions.
Hong Kong and Abu Dhabi Join Forces to Enhance Investment Manager Regulatory Oversight
The Securities and Futures Commission (SFC) of Hong Kong and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi have signed a Memorandum of Understanding (MoU) to enhance regulatory collaboration in cross-border investment management. This agreement establishes a framework for consultation, cooperation, and information exchange, focusing on collective investment scheme managers. The MoU was signed at the IOSCO annual meeting in Doha and aims to improve fund management, advisory services, and transparency. Both authorities expect it to foster market connectivity, facilitate cross-border opportunities, and strengthen investor protection, thereby reinforcing the integrity of their financial markets.
Trustly Teams Up with Spreedly to Boost Pay by Bank Adoption Across the US
Trustly, a leading provider of Pay by Bank solutions, has partnered with Spreedly, an Open Payments platform, to enhance payment efficiency and conversion rates for merchants globally. This collaboration will integrate Trustly’s services into Spreedly’s platform, streamlining transactions and improving authorization success rates. Key benefits include enhanced payment flexibility, actionable data insights, and improved security through proprietary bank connectors and a patented risk engine. Industry leaders from both companies emphasize the partnership’s potential to create a unified payments experience, meeting the increasing demand for efficient, data-driven payment solutions in the market.
Bloomberg Launches MARS Climate: Revolutionizing Climate Risk Management for Savvy Investors
Bloomberg has launched the MARS Climate module, a new tool for portfolio and risk managers that quantifies the financial impacts of climate change on investments, addressing the need for effective climate risk management amid tightening global regulations. The module features a structured framework for analyzing financial implications, aligns with NGFS guidelines, and utilizes BloombergNEF’s TRACT for evaluating company-specific and geographical risks. It categorizes climate-related risks into physical acute, physical chronic, and transition risks, providing detailed insights for strategic planning. Accessible through the Bloomberg Terminal, MARS Climate integrates various risk types, enhancing comprehensive risk assessment capabilities for financial institutions.
Revolutionizing Global Transactions: Checkbook Unveils Real-Time International Payments with Visa Direct
Checkbook, an all-in-one payments platform, has expanded its Global Push-to-Card feature using Visa’s technology, enhancing real-time payment solutions for businesses worldwide. This upgrade facilitates efficient cross-border transactions, catering to freelancers and gig workers who can now access their earnings instantly. Key benefits include improved cash flow management and faster settlements for industries like insurance. Currently operational in multiple countries, Checkbook plans further expansion in 2025. Early adopter TipHaus highlights the feature’s impact on immediate payouts in the service sector. Checkbook’s CEO PJ Gupta and Visa’s Yanilsa Gonzalez-Ore emphasize the growing demand for fast, secure international payment solutions.