Bonifii today announced that it has selected Mastercard, through its wholly-owned subsidiary Finicity, as the preferred open banking provider for its Member Pass credit unions to access consumer-permission bank data, to inform underwriting for different loan types across mortgage, auto, personal and small business. MemberPass, powered by Bonifii, is a digital ID that uses distributed
AS LHV Group will make an investment worth EUR 1 million in the Estonian financial technology company Modular Technologies OU, trademark ‘Tuum’. The company developing a new generation banking platform that offers the core system also to LHV UK Limited, a subsidiary of LHV Group. LHV will invest the EUR 1 million in a convertible
Synovus Bank today announced that it has signed an agreement to strategically invest in Qualpay resulting in a 60% ownership interest. Qualpay is a provider of a cloud-based platform that combines a payment gateway with robust merchant processing solutions, which allows merchants and independent software vendors (ISVs) to easily integrate payments into their software or
CIBC Innovation Banking is pleased to announce today that it is opening a new office in Seattle, Washington to help support the growth ambitions of the hundreds of existing and emerging start-ups in the area. Leading the expansion effort in Seattle is John Flemming, who joins the CIBC Innovation Banking North American team as a
MYPINPAD, a global leader in mobile payment acceptance and digital authentication solutions, and SmartPesa, a leading provider of payment systems and branch banking solutions, have agreed to merge. The merged entity will operate under the corporate name MYPINPAD. As the industry moves towards adopting the future MPoC on COTS (Consumer Off-The-Shelf) mobile payments standard established
Calabrese Consulting, an international Special Purpose Acquisition Company (SPAC) advisory firm, today announced that it has acquired Albeck Financial Services, a Houston-based provider of SEC financial reporting and advisory services for small- and mid-cap public companies. Terms of the acquisition, which became effective April 12, 2022, were not disclosed. The acquisition brings together two leading,
Finance pioneer Bank of Cyprus is rewarded for its digital transformation and its innovative digital products and systems, confirming in the best way possible that the bank provides customers with high-quality services. At the “Digital Finance Awards 2022”, held in Athens, the Bank of Cyprus secured 4 awards for its pioneering projects and innovative initiatives
Cross River Bank (Cross River), a technology infrastructure provider that offers embedded financial solutions, today announced that it has partnered with Revolut, a global financial superapp with over 18 million customers worldwide, to build and scale Revolut’s business in the U.S. leveraging Cross River’s technology and regulatory infrastructure. The partnership will open up the first
Finastra today announced a Banking as a Service (BaaS) collaboration with Microsoft to bring new lending options to thousands of Small and Medium Enterprises (SMEs) – a sector severely underserved when it comes to accessing finance. SMEs using Microsoft Dynamics 365 will be able to access and unlock vital financing offers without leaving their business
OneConnect Financial Technology Co., Ltd (OneConnect), the leading Technology-as-a-Service (TaaS) provider and an associate of Ping An Group, today announced an exclusive strategic partnership with Pismo, one of the world’s fastest-growing banking Software-as-a-Service (SaaS) firm with momentum in the Americas and Europe. This partnership sees OneConnect’s suite of cutting-edge technological solutions complemented with Pismo’s highly
Tranglo Pte Ltd has launched a comprehensive business payment solution that helps businesses send and receive global payments quickly. Tranglo Business is developed exclusively for corporates of all sizes, specifically non-payment providers such as e-commerce traders, local vendors with regional suppliers and customers, cross-border travel agencies, global freelancing and outsourcing platforms, and giggers. Tranglo Business is
BlueSnap, a global payment orchestration platform committed to helping B2B and B2C businesses accept and optimize payments around the world, has launched its Embedded Payments and Payfac-as-a-Service offering for software platforms looking to scale their customer base globally. BlueSnap has been helping software platforms monetize their payments for several years with their Integrated Payments for
