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Ripple buys 40-year-old firm in $1 billion deal
Yahoo Finance· 2025-10-16 20:13
On Oct. 16, Ripple announced the acquisition of GTreasury, a 40-year-old global leader in corporate treasury management. According to Ripple, the deal will unlock idle corporate capital, enable real-time cross-border payments, and prepare Fortune 500 firms to manage stablecoins, tokenized deposits, and other digital assets at scale. The partnership also provides access to the global repo market through prime broker Hidden Road. “For too long, money has been stuck in slow, outdated payment systems and infr ...
Can SoFi’s Q3 Earnings Keep the Stock’s Rally Alive?
Yahoo Finance· 2025-10-16 17:23
Financial services company SoFi (SOFI) will release its third-quarter results on Tuesday, Oct. 28. The company has been consistently delivering strong quarterly financials, with its revenue growth accelerating, thanks to the momentum across all of its businesses. Further, SoFi’s strategic pivot toward a lower-risk, fee-based, non-lending business model and growing deposit base has helped stabilize its financial and credit performance, boosted its bottom line, and driven its share price higher. Over the pa ...
Affirm Expands BNPL Through New Partnerships with Fanatics and FreshBooks
PYMNTS.com· 2025-10-16 16:46
Affirm Holdings Inc. is broadening its footprint in the payments sector through two new partnerships, Fanatics and FreshBooks, aimed at deepening its presence among both consumers and small businesses.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS conte ...
Ripple Acquires Corporate Treasury Manager for $1 Billion
Yahoo Finance· 2025-10-16 15:40
Ripple , ripple xrp, xrp price, ripple sec. Photo by BeInCrypto Ripple just spent $1 billion to purchase GTreasury, a corporate treasury management firm. This is the company's third major acquisition in 2025 alone, and all involve TradFi-related infrastructure. After Ripple gains access to the company's full capabilities, it plans to bring blockchain innovations to a multi-trillion-dollar market sector. Ripple Buys GTreasury Ripple has been trying to become a bank for a few months now, applying for a US ...
Ripple Set to Enter Corporate Treasury Business With $1B Acquisition of GTreasury
Yahoo Finance· 2025-10-16 15:25
Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, is acquiring treasury software provider GTreasury for $1 billion, pushing deeper into corporate finance. GTreasury’s treasury platform, used by Fortune 500 enterprise for managing cash, foreign exchange and risk, will become part of Ripple’s expanding suite of financial tools, the firm told CoinDesk on Thursday. The acquisition is set to close in the coming months, subject to regulatory approvals, it added. The deal brings ...
nCino Wins Gold in 2025 Datos Impact Award for Best Artificial Intelligence and Advanced Analytics Innovation
Globenewswire· 2025-10-16 11:30
Core Insights - nCino, Inc. has been awarded the 2025 Datos Insights Impact Award Gold Medal for its AI-powered Banking Advisor, which transforms financial institutions' operations [1][4] Company Overview - nCino is a leading provider of intelligent banking solutions, helping financial institutions digitize and reengineer business processes to enhance efficiency and customer experience [6] - The company serves over 2,700 customers globally, including community banks, credit unions, and large financial entities [6] Product Features - The nCino Banking Advisor utilizes a proprietary agent framework and banking-specific AI models, leveraging 13 years of platform usage across more than 2,800 financial institutions and trillions in processed loan history [2] - It operates as a native interface within the nCino Platform, providing role-based personalization and just-in-time intelligence [2][3] - The solution automates document filing and routine tasks, enabling institutions to file documents 3.5 times faster, allowing staff to focus on higher-value activities [3] Industry Impact - The Banking Advisor addresses key adoption barriers for AI in financial services by minimizing workflow disruption, which is crucial for efficiency and compliance [3] - nCino's innovations, including enhancements to the nCino Mortgage Suite and the launch of Operations Analytics Pro, aim to create a competitive advantage for financial institutions through data-driven decision-making [4][5] Recognition and Future Directions - The award reflects nCino's commitment to embedding intelligence across its platform, fostering an interconnected environment for AI-powered tools and advanced analytics [5] - The company is focused on advancing agentic workflows and expanding analytics capabilities to enhance operational sophistication for financial institutions of all sizes [4]
FreshBooks and Affirm Partner to Bring Buy Now, Pay Later Options to Small Business Owners
Globenewswire· 2025-10-16 11:30
Toronto, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Demand for pay-over-time options is growing across North America, with nearly half of U.S. consumers now preferring it over credit cards, according to Affirm research. Responding to this shift, FreshBooks, a leading financial operating software built for service-based small businesses, today announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth. Starting today, FreshBooks Payments customers ...
Brex and Oracle to enhance B2B payments in Cloud ERP
Yahoo Finance· 2025-10-16 10:11
Finance platform Brex has announced a partnership with Oracle, marking a milestone as the inaugural fintech issuer to be embedded within Oracle Fusion Cloud Enterprise Resource Planning (ERP). This move capitalises on Oracle and Mastercard integration, enabling Brex to facilitate Oracle's B2B payments solution within the Oracle Cloud ERP environment. According to Brex, customers are expected to benefit from the ability to choose Brex virtual cards from their payables workflows directly, thereby enhancing ...
Aboon, a TPA Designed for Advisors, Raises $17.5M in Seed Funding
Yahoo Finance· 2025-10-16 10:00
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Whether a client business owner asks an advisor to create or manage a 401(k) plan for their company or an advisor decides to add retirement plan management as an offering of their practice—it is seldom easy to accomplish. This week, Aboon, an artificial intelligence-powered platform built from the ground up to make it easier for financial advisors to help their business owner clients launch and ...
Will Tesla, Nvidia End Thursday Up Or Down? Of Course, You Don't Know For Sure, But You Can Bet the Outcome on Polymarket - Tesla (NASDAQ:TSLA)
Benzinga· 2025-10-16 08:42
Blockchain-based prediction platform Polymarket introduced a new “up/down” equity market feature, allowing users to bet on specific stocks and benchmarks.Bet On Stocks Closing Price Using PolymarketThe new contracts enable betting on whether certain stock prices or benchmarks will end higher or lower at a specified time. Note that this feature already exists for cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH)As of this writing, markets for high-profile stocks such as Tesla Inc. ...