Access Fintech News
9 articles
growth-positive
AccessFintech raises $60 million from banking giants to expand data management network | CTech
AccessFintech, an Israeli startup, has raised $60 million in a Series C funding round led by WestCap. The funding round also saw participation from BNY Mellon, Bank of America, and existing investors Dawn Capital, J.P. Morgan, Goldman Sachs, and Citi Group. This brings the total capital raised by AccessFintech to $97 million since 2018. The companys data collaboration network, called Synergy, has expanded to include over 100 participants and now covers derivatives and syndicated loans. AccessFintech has also introduced new services such as a claims network and a predictive fails service. The funding will support the companys plans for significant expansion and entry into additional markets.
InvestmentExpand
Citi, J.P. Morgan and AccessFintech Achieve Operational Efficiencies Through Data and Workflow Collaboration
growth-positive
חברת AccessFintech גייסה 20 מיליון דולר
Israeli fintech company AccessFintech has raised $20 million in a Series B funding round led by Dawn Capital, with participation from Deutsche Bank, Citi, J.P. Morgan, and Goldman Sachs. The company, founded by Roy Saadon and Steve Fazio, has created a technological platform for sharing trade data among financial institutions. The platform aims to reduce risk exposure during transactions. The company has raised a total of $37 million to date. AccessFintechs platform processed approximately 350 million transactions globally in July alone.
Investment
JP Morgan extends partnership with AccessFintech - FinTech Futures
growth-positive
J.P. Morgan, Access FinTech Extend Partnership - Markets Media
AccessFintech has extended its partnership with J.P. Morgan to provide a real-time transaction status solution for buy-side clients. The solution aims to drive post-trade operational efficiencies by offering real-time transparency and workflow to buy-side institutions. It reduces the time spent by buy-side operations teams to monitor multiple internal tools and custodian portals, and eliminates the need for calling brokers and custodians for updates. The solution has been in bilateral testing and is now in the process of a global deployment. AccessFintech plans to extend the service to other custodians. The partnership aims to bring together all elements of the post-trade process in one consolidated view, enabling clients to have an accurate view of their portfolio and drive risk management in the settlement process.
Partners
growth-positive
Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan Back Fintech Startup AccessFintech
AccessFintech has raised a $17.5 million Series A funding round from Citigroup, Credit Suisse, Goldman Sachs, and J.P. Morgan. The company, founded in 2016, develops risk management and resolution tools for financial institutes. The funding will be used to further develop its risk and exception management services and expand its global account coverage.
Investment
growth-positive
AccessFintech Receives Investment from JPMorgan Chase & Co. - FinSMEs
AccessFintech, a financial technology company, has received an investment from JPMorgan Chase & Co. as part of its series A round. The financial terms of the investment were not disclosed. AccessFintech has also joined J.P. Morgan’s exclusive In-Residence program to further test its technology at scale through collaboration between the two firms. AccessFintech provides a platform delivering control, transparency, and collaboration into the operating models of financial institutions.
Investment
growth-positive
Access FinTech Joins JPMorgan's FinTech Program
UK-based financial technology company, Access Fintech, has announced that JPMorgan Chase participated in its Series A funding round. The terms of the investment were not disclosed. In addition to the investment, Access Fintech has joined JPMorgan’s In-Residence program, aimed at helping emerging FinTechs bring their products and services to enterprise customers. This partnership will enable Access Fintech to test its technology at a larger scale.
InvestmentPartners
Former Traiana Founder Roy Saadon Launches Access Fintech
