Manulife Financial Corporation has announced its agreement to acquire a 75% stake in Comvest Credit Partners for US $937.5 million in upfront cash consideration. This strategic acquisition is set to significantly scale Manulife’s private credit capabilities, bringing together Comvest’s US $14.7 billion in assets and Manulife’s US $3.7 billion Senior Credit business to form an
Vola Finance, a personal financial management platform, has officially launched Vola CreditMap—a comprehensive loan management dashboard aimed at empowering consumers to take control of their personal debt and improve their credit scores. Designed with simplicity and impact in mind, CreditMap offers users a centralized experience to manage all forms of debt, including credit cards, student
OpenWay, the global powerhouse behind the acclaimed Way4 digital payment platform, has announced its official expansion into Francophone Africa, bringing its cutting-edge payment solutions and robust local service infrastructure to banks and fintech companies in the region. This strategic move underscores OpenWay’s commitment to advancing digital finance across the African continent by enabling financial institutions
XData Group, a European software development company specializing in banking technologies, has launched Comcora, a white-label Banking-as-a-Service (BaaS) platform created to empower both traditional banks and fintech startups with a streamlined pathway to offering modern digital financial services. Designed to minimize complexity and accelerate deployment, Comcora provides an adaptable and scalable solution tailored to the
ImageSource, Inc., the company behind the ILINX® intelligent automation platform, has introduced a new Indirect Cost Rate (IDC) Proposal Solution tailored specifically for the financial and regulatory requirements of Tribal Nations. Created in close partnership with tribal finance and grants management experts, this purpose-built solution is designed to remove the inefficiencies that have long challenged
ComplyControl, a UK-based provider of AI-driven compliance technology, has unveiled ComplyControl SafeStart — a specialized initiative aimed at supporting fintech startups across the EU and UK. This new program is designed to empower early-stage companies with the tools and guidance needed to establish trust, accelerate growth, and maintain regulatory compliance from the very beginning of
EquiLend has taken a major step forward in its mission to lead innovation in securities finance by acquiring Trading Apps, a front-office technology provider recognized for its advanced automation tools and modular trading solutions. These tools are widely adopted by top-tier securities finance desks around the world and are known for improving operational efficiency and
Equifax®, a global leader in data, analytics, and technology, has teamed up with Qlarifi, the first real-time consumer credit database specifically designed for Buy Now, Pay Later (BNPL) lending, to conduct a groundbreaking joint study. The focus of the study is to evaluate how the inclusion of Buy Now, Pay Later data affects credit risk
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has entered into a strategic partnership with Tether, the leading digital asset company and issuer of USD₮, the most widely used stablecoin globally. The collaboration focuses on accelerating cryptocurrency adoption in Brazil through a combination of institutional partnerships, sponsorship of major events, and expansive
Splitit has joined forces with Samsung to introduce a groundbreaking installment payment feature within Samsung Wallet. This collaboration brings users the ability to make in-store purchases and pay over time, utilizing their existing credit cards directly at the point of sale. This marks a major milestone, as it’s the first time an installment option is
PayPal has announced a groundbreaking global initiative—PayPal World—which brings together many of the world’s major digital wallets and payment systems on a unified platform. The launch begins with interoperability between PayPal and Venmo and includes partners representing close to two billion users worldwide. This strategic move aims to revolutionize how people send money, shop both
Spinwheel, a prominent leader in real-time consumer credit data and AI-powered payments, has formally announced a strategic partnership with Algebrik AI Inc., a Delaware-based business based in New York City that is credited with creating the first cloud-native, AI-driven, digital-age Loan Origination System (LOS) in history. This partnership is a major step in changing the
