Recent News

State Street Collateral+ Delivers New Analytics and Optimization Capabilities in Partnership with Cassini Systems


November 22, 2021 | | BOSTON & LONDON & HONG KONG -- State Street Corporation (NYSE:STT) announced today it has added market leading pre-and post-trade optimization and margin analytics capabilities to its Collateral+ service. In partnership with Cassini Systems, the leading provider of pre- and post-trade margin and collateral analytics for derivatives market participants, Collateral+ now offers an integrated, modular approach to optimization, which addresses collateral efficiency from multiple angles. First, it integrates collateral and funding impact into the front-office decision strategy ahead of the trades being placed. Through the addition of Cassini’s technology, Collateral+ can optimize margin and carry cost impact, providing the best trade route by identifying all possible ways to execute and clear the trade and highlighting the lowest cost. Collateral+ can also offer margin optimization as a post-trade utility with tools such as novation and compression to lower margin and funding requirements. Another module provides ...

Boost Payment Solutions and Mastercard Announce a Global Partnership to Expand the Use and Acceptance of Commercial Cards


November 3, 2021 | | NEW YORK -- Boost Payment Solutions, Inc., the leader in optimizing the use and acceptance of commercial cards, announced today a strategic global partnership with Mastercard to create tailored and scalable strategies to accelerate and expand the use of commercial card products. The partnership’s initial focus will be seven key markets – the United States, Canada, Mexico, Brazil, Western Europe, United Kingdom and Australia. Business-to-business (B2B) spending is believed to exceed $125 trillion worldwide. Today much of this spend remains entrenched in antiquated methods, with invoices in many regions of the world still being manually processed and reconciled. B2B payment providers, such as Boost, deliver automated, efficient, and lower-cost solutions for companies and their suppliers, which has already resulted in tens of billions of dollars of business-to-business payments having been converted to commercial card products. This alliance is expected to support the acceleration of ...

CIBC Innovation Banking, Ten Coves Capital and Mosaik Partners Provide Point Predictive Inc. with Growth Financing


October 28, 2021 | | RESTON, Va. -- CIBC Innovation Banking, Ten Coves Capital, and Mosaik Partners are pleased to announce that they have provided new credit facilities and equity financing to San Diego-based Point Predictive Inc. (“Point Predictive”), a leading data and analytics company that helps lenders automate loan decisions, mitigate loan losses and reduce underwriting friction. Leveraging un-matched industry data consortiums and the power of AI and machine learning models, Point Predictive helps lenders better separate truthful loan applications from those containing fraud and misrepresentation to accelerate the underwriting process − a significant industry demand. Point Predictive’s solutions help automotive, mortgage, and other consumer lenders reduce manual document verification and consumer friction by quickly and accurately identifying fraud and misrepresented information. Through a unique combination of artificial and natural intelligence, Point Predictive’s platform streamlines the underwriting process by enabling lenders to avoid the costly burden of manually ...

What chip shortage? MagicCube raises $15M to ‘replace all chips,’ starting with POS terminals


October 14, 2021 | TechCrunch | SAN FRANCISCO -- MagicCube, a mobile security startup, has raised $15 million in a round led by Mosaik Partners. Bold Capital, Epic Ventures, card-reader/POS hardware maker ID Tech and unnamed individual investors in the fintech space also participated in the financing, which brings the Santa Clara-based startup’s total funding raised to $30 million since its 2014 inception. Put simply, MagicCube’s software-based security technology is aimed at replacing all security chips, which have historically been the standard for safely storing sensitive data and authenticating whoever needs access to it. And it’s starting with financial services. The company’s technology lets merchants transform mobile devices into payment terminals. Or in other words, it gives merchants a way to accept card payments on any consumer device with no reader or extra hardware required. Consumer financial data is critical for digital-first experiences, but sharing also increases risk. The best ...

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