Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, and Xceptor, the intelligent data automation platform for financial markets, today announced the expansion of its six-year partnership to drive enhanced client service for Ultimus’ clients.

YES BANK, India’s sixth-largest private sector bank is playing a critical role in leading India’s charge in digital banking leadership, as is seen in the Q1 FY26 results. Holding a massive 55.3% market share as a payee PSP in UPI transactions and the second position in payer PSP transactions, clocking 33.3% share, YES BANK is a leader driving India’s digital rails and offering digital payments without hassles.

Quavo, Inc. (“Quavo”), the leading disputes technology partner and trusted advisor for financial institutions, will unveil enhanced AI capabilities for its flagship dispute management platform, QFD®, live at FinovateFall in New York City. Building on over six years of delivering AI-driven fraud investigations, these advancements continue to refine and elevate the way financial institutions resolve disputes.

The fintech sector’s outrage at plans to ditch open banking rules is “totally hypocritical,” says Adam Turmakhan, CEO of TurmaFinTech, who argues providers have been holding US community banks “to ransom” over their customer data for years.

Signicat, a leading provider of digital identity solutions in Europe, has expanded its eID Hub with the integration of the Czech Bank iD. This move positions Signicat as one of the few international providers to offer Bank iD within its portfolio, now comprising over 36 digital identity methods.

Aquanow, a leading global digital asset infrastructure provider, has entered into a strategic partnership with SGB, a fully licensed digital bank regulated by the Central Bank of Bahrain (CBB), to make fiat banking services more accessible to institutional and enterprise participants in the digital asset space.

Shriram Asset Management Company (Shriram AMC), a part of Shriram Group, has announced the launch of Shriram Chhoti SIP, a low-ticket size Systematic Investment Plan (SIP) that allows investors to start investing with just ₹250 per month. This new facility will be available exclusively under the Shriram Multi Asset Allocation Fund starting August 11, 2025.

Qatar Islamic Bank (QIB), Qatar’s leading digital bank, in collaboration with INJAZ Qatar, a leading non-profit organization focused on youth economic empowerment, has successfully concluded the 2024/25 cycle of the nationwide Life Skills Program, impacting over 27,000 students across 71 schools.

Axal, the fintech startup backed by a16z CSX and CMT Digital, has teamed up with MoonPay to launch Axal Yield, a groundbreaking savings tool that enables users worldwide to earn onchain yield effortlessly. Powered by decentralized finance (DeFi) lending and integrated with MoonPay’s new Virtual Accounts, Axal Yield combines passive income generation with full user control.

CLS, a financial market infrastructure group delivering settlement, processing and data solutions across the global FX ecosystem, announced today that OTP Bank Plc. (OTP Bank), has joined CLSSettlement as a settlement member. The Hungarian credit institution is the second new settlement member to join this year, bringing the total number of settlement members to 75.

Backbase, the global leader in Engagement Banking, in partnership with the African Banker magazine, has launched the inaugural report in the Africa Digital Banking Experience Series 2025, a timely publication that explores the transformation of banking across the continent in an age of hyper-personalisation, AI integration, and financial inclusion.

InvestCloud, a global leader in wealth technology, today announced the first of a new generation of AI-enabled solutions to help advisors increase productivity and deliver greater value to clients. The new solutions, Intelligent Screening and Intelligent Meeting, are enhanced by technologies from smartKYC, the leading provider of AI-driven know your customer (KYC) risk screening and monitoring solutions, and Zocks, a privacy-first AI assistant for financial advisors.

FreeAgent, the innovative UK accounting software company, has launched a major upgrade to its award-winning platform - introducing tools to help Construction Industry Scheme (CIS) contractors manage deductions and returns, while building on its existing support for subcontractors.

Quavo, Inc. (“Quavo”), a leading technology partner and trusted advisor for financial institutions, has partnered with First City Credit Union to strengthen fraud and dispute resolution services for members affected by the LA fires. This collaboration reflects both organizations’ dedication to supporting individuals by providing seamless, protected, and accessible dispute services—regardless of their location.

The World Bank Group has signed on as co-chair of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, joining current co-chairs the African Development Bank Group (www.AfDB.org) and Mastercard in an initiative to provide digital access to critical services for 100 million individuals and businesses across Africa by 2034.