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Astra to Launch Automated Bank Transfer Solution for Financial Institutions
Astra’s new transfer automation platform for financial institutions and fintechs:
- Uses a single comprehensive API to enable its customers to offer fast, programmatic transfers between their users’ network of accounts.
- Allows developers to easily embed financial automation within their existing products.
- Evaluates user profiles across multiple data points, manages authorizations, and verifies all accounts for ownership.
- Has a reliability rate of 99.999%. Transfers created through Astra’s platform settle faster than standard ACH and are processed without risk.
- Offers two-day ACH transfers with no fee to its customers because its orchestration technology performs so well.
According to PitchBook there is a significant opportunity in this market with “transfers processed with accelerated settlement are growing at a rapid pace – transfer volume in this segment was $1.2T in 2019 and estimated to grow to $3.3T by 2023 (CAGR of 29.3%).
Co-Founders Gil Akos, Chief Executive Officer, and Sam Morgan, Chief Operating Officer, are available to discuss how Astra’s proprietary, full-stack API enables efficient financial functionality through a suite of pre-built automations, transfers orchestration between banks, integrated anti-fraud, and account virtualization.
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.
FreeAgent Launches New AI Tool for Landlords to Capture Rental Statements
FreeAgent, the innovative accounting technology company, has launched a new feature into its landlord software, enabling landlords and accountants to harness artificial intelligence to input and reconcile data from letting agent rental statements.