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Tech deals: Finanta, ConnexPay, Nexar, Ocrolus, SEI

Finanta, ConnexPay, Nexar, Ocrolus, SEI, among other, have announced the latest tech deals with enterprise customers to improve efficiency.

tech deals
tech deals

Finanta Collaborates with IBC Bank

Finanta, a fintech innovator, has partnered with IBC Bank to digitize and modernize commercial lending processes. Through this strategic alliance, IBC Bank will deploy Finanta’s platform to optimize loan origination, collateral and portfolio management, and regulatory compliance.

By automating complex lending tasks, the partnership aims to enhance operational efficiency and deliver a seamless, customer-centric experience in commercial banking.

ConnexPay Partners with Shift4

Shift4, a leader in integrated payments technology, has teamed up with ConnexPay, the world’s first all-in-one payments platform, to provide enhanced solutions for online travel agencies and hospitality businesses across the UK and European markets.

By combining ConnexPay’s payment issuance technology with Shift4’s payment processing infrastructure, the partnership aims to simplify financial operations for merchants. Key technologies in the collaboration include Shift4’s advanced 3D Secure acquiring capabilities and ConnexPay’s unified PayIn/PayOut system, allowing next-day settlement and real-time virtual card issuance.

Nexar partners with Lyft

Nexar, known for its AI-driven mobility solutions, has announced a partnership with Lyft to support the scaling of autonomous vehicle technology. Leveraging Nexar’s extensive video telematics featuring over 45 petabytes of real-world driving data the companies aim to build a comprehensive dataset for AV development.

This partnership combines Lyft’s rideshare data with Nexar’s real-time footage analysis, enhancing the safety and accuracy of AV technologies.

Ocrolus Partners with LendSaaS

Ocrolus, an AI leader in document automation, has partnered with LendSaaS to enhance Merchant Cash Advance origination processes. This collaboration allows LendSaaS customers to use Ocrolus’ document analysis and cash flow analytics directly within its MCA servicing platform.

Through automated bank statement processing and real-time fraud detection, Ocrolus enables faster decision-making for MCA financing. The partnership supports LendSaaS in offering customizable, AI-driven origination solutions, benefiting companies of all sizes in need of streamlined capital access.

Close Brothers Asset Management Partners with SEI

Close Brothers Asset Management has entered into an alliance with SEI to enhance its operational infrastructure. The partnership introduces SEI’s Wealth Platform and SEI Data Cloud, giving CBAM access to integrated technology and real-time analytics.

Managing £20 billion in assets, CBAM selected SEI after a comprehensive review to advance its data management and operational capabilities. This deal also transitions some CBAM employees to SEI’s SWP Operations, ensuring a seamless shift to SEI’s cloud-based infrastructure aimed at driving CBAM’s growth and transformation strategy.

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