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Fintech Focus: JPMorgan launches Singapore FX trading engine

S&P Global Market Intelligence rounds up financial technology companies' recent product launches, partnership announcements and fundraising activity, as well as regulatory developments in the financial technology space. Please send tips to Rachel.Stone@spglobal.com. For more fintech news, click here.

Trading and investing

JPMorgan Chase & Co. is rolling out a new foreign exchange trading and pricing engine in Singapore, Finance Magnates reported. The new trading engine will launch in the first quarter of 2020.

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The Financial Data Exchange, or FDX, added eight new members between May 1 and July 31. The newest members include Visa Inc., Mastercard Inc., SunTrust Banks Inc., Mountain America FCU, the American Bankers Association, Principal Life Insurance Co., Blanc Labs and Flinks. The non-profit organization launched in fall 2018 with the goal of forming a common interoperable data standard. FDX, which now includes 55 companies, is primarily a technical standards body that seeks to share its application programming interface with companies across the U.S.

Banking and lending

German American Bank will deploy 360factors, Inc.'s Predict360 platform to empower compliance, regulatory change, document and audit management. Additionally, the bank will utilize the company's regulatory and business intelligence tools.

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Toyota Motor Credit Corp. will launch private financial services for third-party automotive and mobility companies. The specialty lender entered into a financial services agreement with Mazda Motor of America Inc., whereby the company and its affiliates will provide exclusive private label offerings.

Payments

BitPay Inc. integrated with the Blockchain wallet, which is expected to make payments simpler and safer. Users will be able to spend their HODLings from their wallet at various merchant shops online.

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Fiserv Inc. and PayActiv, Inc. partnered to provide PayActiv users with greater and faster options for accessing wages. The users will be able to utilize Fiserv's digital disbursement to help transfer money on a real-time basis to a U.S. checking or savings account directly through their account.

Insurance and healthcare

RBC Healthcare's membership program RBC healthcare advantage is now live. The program was created to support healthcare professionals at different stages of their careers. Additionally, it provides customized deals, preferred rates and business banking among other services.

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Covr Financial Technologies, LLC and Envestnet Inc. collaborated to integrate Covr Financial Technologies' digital insurance platform with Envestnet's MoneyGuide.