Bloomberg and Clearwater Team Up to Modernize Investment Ops with Seamless Front-to-Back Platform
In a move aimed at streamlining one of the most fragmented areas of investment management, Bloomberg and Clearwater Analytics have announced a strategic partnership to deliver a unified, front-to-back investment operations platform.
Moment Secures $36M to Automate the Chaos in Fixed Income Trading
Moment, a New York-based fintech startup, has raised $36 million in Series B funding to modernize the way financial institutions handle bonds, credit products, and everything in between. The round was led by Index Ventures, with big-name backers Andreessen Horowitz, Lightspeed, Venrock, Neo, and Contrary Capital also in the mix. This latest infusion brings Moment’s total funding to $56 million.
Lyft Teams Up with Prezzee to Deliver Mobile-First Gift Card Rewards for Drivers
Lyft is sweetening the ride for its drivers—literally and digitally. In a move to enhance driver perks and engagement, the ride-hailing giant has partnered with digital gifting platform Prezzee to roll out a new, mobile-first rewards experience powered by eGift cards.
Financial Sector’s Weakest Link? Third-Party Vendors, Says New Black Kite Report
Banks may be tightening their digital vaults, but the doors to their third-party vendors are wide open. That’s the unsettling takeaway from Black Kite’s latest report, 2025 State of Financial Services: Hidden Dangers in the Vendor Ecosystem. While direct ransomware attacks on financial institutions are declining, the report finds attackers are increasingly exploiting security gaps among vendors—giving threat actors a backdoor into the financial sector.
Snap CFO Joins DailyPay Board as Worktech Pioneer Scales Disruptive Payroll Innovation
DailyPay, the fintech making paychecks more flexible, has appointed Snap Chief Financial Officer Derek Andersen to its board of directors, effective June 27, 2025. The move signals the company’s continued evolution from a buzzy earned wage access startup to a serious contender in the enterprise HR-tech space—now armed with veteran financial firepower from one of tech’s biggest players.
Adhara and ioBuilders Merge to Create Blockchain Powerhouse for Institutional Finance
In a significant consolidation of enterprise-grade blockchain tech, Adhara and ioBuilders have merged to form what may now be the world’s most advanced independent provider of blockchain-based financial infrastructure for banks and capital markets. Headquartered in London, the new company is already profitable, with over 120 employees, operations in four continents, and annual revenues in the double-digit millions—a rarity in the blockchain-for-banks space.
Truv Integrates with Blue Sage to Supercharge Mortgage Verifications and Cut Costs
In a move set to shake up the mortgage tech stack, verification platform Truv has joined forces with Blue Sage Solutions, embedding its real-time income, employment, and asset verification tools directly into the Blue Sage Loan Origination System (LOS). The integration promises to dramatically accelerate loan processing and slash verification costs by as much as 80%—a serious upgrade for lenders still navigating clunky, manual workflows.
Broadridge Scales Up Real-Time Payments Support Ahead of EU’s 2025 Deadline
With the October 2025 deadline looming for real-time payment compliance in Europe, banks are racing against the clock—and Broadridge Financial Solutions appears to be out in front. The fintech heavyweight has announced strong market adoption of its instant payment connectivity and processing solution, aimed squarely at helping financial institutions meet new EU regulations with speed and confidence.
Private Client Resources Reboots with New Leadership, India Ops Hub, and AI Push
Private Client Resources (PCR), a long-standing player in the niche world of financial data aggregation, has officially reintroduced itself—and it’s not just a cosmetic refresh. Backed by a new executive team and a sharpened strategic focus, PCR is positioning itself for a growth spurt in the increasingly competitive data services market for high-complexity financial institutions.
PrimeXBT Rolls Out Major Platform Upgrades, Boosting Leverage, Control, and Risk Management for Traders
In a decisive move to strengthen its offering across all trading fronts, PrimeXBT has launched a comprehensive set of platform upgrades that give traders more power, control, and flexibility. Now live across MetaTrader 5, PXTrader, and Crypto Futures, the updates are a direct response to user feedback and reflect PrimeXBT’s ongoing mission to deliver institutional-grade trading tools in a retail-accessible environment.
