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Open Banking Solutions Partners with GenAspire to Empower Next-Gen Credit Union Members
Open Banking Solutions (OBS), a cloud-based core and digital banking platform designed to give community-focused financial institutions a competitive advantage, has announced a strategic partnership with GenAspire, the teen banking solution formerly known as Copper Banking. GenAspire collaborates with credit unions to provide schools nationwide with engaging, hands-on tools that make complex financial concepts relatable and interactive. The platform supports teens and young adults in opening their first bank accounts, accessing digital banking services, building financial literacy, and cultivating the skills needed for long-term financial independence.
This partnership enables credit unions to leverage OBS’s low-code, cloud-based, end-to-end core banking platform while utilizing GenAspire’s technology to connect with the next generation of members. By combining OBS’s scalable digital infrastructure with GenAspire’s youth-focused financial programs, credit unions can operate more efficiently and innovate in ways that legacy systems often limit. Together, the collaboration addresses two major challenges facing the industry: attracting younger members and modernizing operations for growth.
OBS is led by a team of fintech veterans with a track record of developing community-focused banking solutions, including the DNA Platform. Earlier this year, OBS also introduced tailored digital services specifically for community banks and credit unions. GenAspire’s selection of OBS as its next-generation core platform marks a significant step in enhancing operational efficiency and member engagement.
Both OBS and GenAspire are part of Black Dragon Capital℠, a multi-phase investment firm focused on disruptive technologies that strengthen economic stability within communities. The firm has supported multiple innovative credit unions and CUSOs in exploring advanced technology solutions tailored to the credit union movement.
“GenAspire and Open Banking Solutions complement each other in optimizing credit union processes. We are excited about this partnership and the opportunities it creates for engaging the next generation of members,” said Kenny Stivers, General Manager of GenAspire.
Joe Lockwood, CEO of OBS, added, “Partnering with GenAspire, a company committed to empowering youth through financial literacy and high school banking technology, allows us to address critical industry challenges and help credit unions deliver exceptional services to their members.”
Terzo Unveils NirvanAI: The Future of Enterprise Contract Intelligence
Terzo, the enterprise AI platform transforming how organizations manage contracts and spending, has unveiled NirvanAI, the next generation of its intelligent contract management system. Positioned as the future of contract intelligence, Terzo’s platform is already trusted by leading Fortune 500 companies such as Cisco, The Home Depot, Delta Air Lines, and BlueCross BlueShield. The platform has not only delivered billions in savings but also helped enterprises eliminate manual processes and strengthen regulatory compliance.
Built to extract, analyze, and structure contract data with exceptional precision, Terzo’s core platform now evolves further with NirvanAI. This new upgrade integrates generative AI, intelligent assistants, autonomous agents, and advanced reporting to transform raw contract data into strategic decisions. While Terzo initially specialized in managing supplier contracts and spend, NirvanAI expands its scope to encompass customer and partner agreements, consolidating all contract types within a single, unified AI environment. The new interface replaces traditional SaaS dashboards of menus and filters with an intuitive, conversational experience, allowing users to engage naturally through a command-style terminal or simple text prompts.
NirvanAI’s unified data architecture for finance seamlessly connects past expenditures, upcoming contractual obligations, and generative AI insights to maximize financial efficiency across the enterprise. Tasks that once required extensive manual input, spreadsheet analysis, and time-consuming presentations can now be completed instantly with on-demand automation.
The results are profound: enterprises gain faster visibility, uncover hidden value, and proactively identify risks before they escalate. With the ability to search through thousands of documents and billions in contracts within seconds, teams can generate executive insights in minutes. Delivering measurable ROI within 90 days, NirvanAI offers precision and scalability built for enterprise demands.
Globally, businesses lose more than $3 trillion annually due to contract mismanagement, compliance gaps, and missed opportunities—amounting to nearly 9% of annual revenue lost from poor contract visibility. Terzo aims to reverse that trend. By centralizing revenue, spend, and contract intelligence into one ecosystem, NirvanAI enables organizations to achieve up to 10% optimization in expenditures by revealing hidden inefficiencies, rebates, and obligations. Unlike traditional tools that focus on retrospective analysis, NirvanAI provides predictive intelligence, empowering leaders to anticipate and act with confidence.
“Enterprises monitor countless data points but often overlook the most critical one—their contracts,” said Brandon Card, CEO and Founder of Terzo. “Contracts are the blueprint of financial control, shaping spend, revenue, and risk. NirvanAI is more than a tool—it’s the Financial Command Center for modern business. Companies that adopt it won’t just save money; they’ll redefine how they manage and design their future.”
DXC Technology Launches APEX Program to Streamline Integration Between Insurers and Certified InsurTech Providers
DXC Technology, a leading Fortune 500 global technology services provider, today announced the launch of the DXC APEX (Assure Platform Ecosystem Exchange) Program, a new initiative that creates a central hub for integration among (re)insurers, brokers, and certified InsurTech providers through the DXC Assure Platform. The program addresses a longstanding industry challenge: fragmented, complex, and costly integration with third-party solutions. By providing pre-built integrations between DXC products and APEX partner offerings, the initiative enables (re)insurers and brokers to adopt new capabilities and services faster, reduce operational friction and security risks, and achieve efficiencies across their businesses.
The DXC Assure Platform is a comprehensive cloud-based service that allows insurers to protect, extend, and transform core systems while reducing costs and risks. Serving as the foundation for DXC’s Insurance SaaS offerings, the platform supports both legacy and next-generation systems with hosting, compliance, security, operational insights, and seamless integration. Leveraging advanced AI tools and automation, insurers can streamline critical processes and accelerate their path toward fully digital operations.
“The launch of the DXC APEX Program marks a significant step forward in our commitment to helping the insurance industry embrace innovation,” said Patrick Molineux, Vice President of Global Offerings at DXC. “By expanding our certified partner ecosystem, APEX enables insurance providers to modernize faster, adopt emerging technologies, and enhance security and operational efficiency. With these tools, insurers can operate more resiliently and deliver greater value to their customers.”
Several InsurTech providers have already joined the DXC APEX Program, helping DXC customers streamline workflows, reduce costs, and drive sustainable growth. Martin Henley, CEO of mea Platform, said, “Joining forces with DXC aligns with our mission to transform the insurance industry through AI-driven products. Together, we are delivering tools that boost productivity, protect margins, and enable continuous innovation, creating tangible value for (re)insurers and brokers globally.”
With over 40 years of industry expertise, DXC is the trusted partner for 21 of the top 25 insurers worldwide. As the leading provider of core insurance systems, DXC continues to innovate, reducing complexity and costs across more than one billion policies processed on its software. The DXC APEX Program reflects DXC’s ongoing commitment to modernizing the insurance industry and creating engaging, efficient experiences for today’s providers.
Absolutaris Base Aligns Financial Expertise with Global Philanthropy Initiatives
Absolutaris Base Limited, a global leader in smart financial technology, has launched its Global Philanthropy Strategy and released its Annual Public Welfare Impact Report from its UK headquarters. This initiative highlights the company’s commitment to embedding social responsibility into its long-term business model, pledging at least 1% of annual profits to public welfare and humanitarian efforts.
The strategy seeks to align financial innovation with social impact, ensuring that capital fosters not only economic growth but also human dignity and resilience during crises.
One core focus is financial literacy, viewed by Absolutaris Base as a fundamental right. Since its launch in 2022, the Absolutaris FinEd Program has aimed to equip underserved communities, low-income households, and youth with critical financial skills. It offers free courses on budgeting, saving, credit, and investing, and features a proprietary virtual tool for youth aged 14–22 to simulate financial planning. Operating across 12 local authorities in the UK, the program currently reaches over 5,000 secondary pupils and young people each year. So far, 68% of participants have opened their first savings account, 42% have created personal budgets, and average savings rates among participants have risen by 27%.
Another pillar is the Absolutaris Emergency Fund, designed to deliver rapid assistance within 72 hours of a natural disaster or humanitarian crisis. Funded by 1% of annual profits, the initiative works in coordination with UN agencies, NGOs, and local partners to ensure swift and efficient aid deployment. Recent efforts include providing medical tents and supplies to 18,000 people in Turkey after the 2025 earthquake, supporting over 6,500 women and children at the Ukrainian border, and addressing the cholera outbreak in Kenya with water purification units and epidemic prevention stations.
Absolutaris Base applies a strategic three-step model—Vision to Planning, Planning to Action, and Action to Impact—to ensure long-term, transparent, and measurable social value in all its philanthropic initiatives.
Synechron Scales ServiceNow Capabilities with Integration of RapDev, Calitii, and Waivgen
Synechron, a global leader in digital transformation consulting, has announced the launch of a dedicated worldwide ServiceNow business following its acquisitions of RapDev, Calitii, and Waivgen. By uniting the three firms under a single banner, Synechron is establishing the largest ServiceNow practice focused on financial services, while also extending its expertise across multiple other industries. The new entity will harness ServiceNow’s powerful cloud-based platform to drive workflow transformation and embed AI across mission-critical operations.
Traditionally recognized for its work in banking, financial services, and insurance, Synechron is now positioned to expand its reach into sectors such as healthcare, pharmaceuticals, energy and utilities, and aviation. The combined strengths of RapDev, Calitii, and Waivgen will enable Synechron to deliver broader, more innovative solutions across these industries.
“This marks a defining step in Synechron’s growth journey,” said Faisal Husain, CEO of Synechron. “ServiceNow is an exceptional platform, and we are eager to help enterprises unlock its full potential by combining our deep industry expertise with the engineering excellence of our new teams.”
Each of the acquired companies adds distinct capabilities to the new practice. RapDev, the world’s largest Datadog partner, enhances observability and monitoring expertise. Waivgen brings leadership as an Appian partner and has developed a vast library of AI agents tailored for the needs of banks, insurers, and global financial institutions. Calitii contributes proven experience in delivering large-scale ServiceNow implementations for some of the world’s biggest banks. Together, their innovative use of AI in solution design and delivery strengthens Synechron’s ability to meet evolving client needs.
The leaders of all three firms emphasized cultural alignment and the opportunity to scale. Tameem Hourani, CEO of RapDev, highlighted the shared entrepreneurial, engineering-driven mindset. Patrick O’Connor, CEO of Calitii, underscored the combined potential to accelerate AI adoption in financial services. Arjun Devadas, CEO of Waivgen, pointed to the chance to bring Waivgen’s AI agent technology to a truly global audience.
Through these strategic acquisitions, Synechron is significantly expanding its capabilities and reinforcing its leadership at the intersection of digital transformation, AI, and enterprise workflow innovation.
Smarter Finance at Your Fingertips: Zeni Introduces AI-Driven Business Debit Card
Zeni, the AI-powered finance platform designed for modern businesses, has unveiled the Zeni Business Debit Card, marking the first debit card to merge instant cashback rewards with integrated AI-driven financial management.
Setting itself apart from conventional debit cards, Zeni’s new offering delivers 1.75% cashback on every transaction, automatically credited to the business’s Zeni Business Checking Account. Companies can instantly generate virtual cards without waiting for physical delivery, allowing immediate spending and seamless financial operations.
The Zeni Business Debit Card leverages AI to help organizations manage spending more efficiently while simplifying bookkeeping. Every transaction is automatically categorized, reconciled, and linked to receipts via Zeni’s AI Bookkeeper. This provides finance teams with real-time visibility into company-wide expenditures and includes smart spend controls that allow businesses to establish limits per user, department, or project.
“The Zeni Business Debit Card is more than just a payment method,” said Swapnil Shinde, CEO of Zeni.ai. “It’s a comprehensive financial tool that not only earns cashback but also automates reconciliation and offers businesses instant insights into how every dollar is being used.”
With its combination of rewards, automation, and AI-driven oversight, the card empowers finance teams to streamline operations, reduce manual accounting work, and maintain better control over business finances. By integrating these capabilities directly into Zeni’s Business Checking Account, organizations can manage spending, reconcile transactions, and optimize cash flow from a single platform.
The Zeni Business Debit Card is now available to all holders of Zeni Business Checking Accounts, providing businesses with a smarter, faster, and more rewarding approach to managing their finances while gaining actionable insights through AI technology.
This launch reinforces Zeni’s commitment to reimagining financial management for modern enterprises by blending automation, AI intelligence, and real-time rewards into a single, user-friendly solution.
OpenText and Fiserv Unveil AI-Powered Content Next for Financial Institutions
OpenText™ , a global leader in secure information management for AI, has partnered with Fiserv, Inc., a leading provider of payments and financial technology solutions, to launch Content Next, an AI-powered content management and workflow platform specifically designed for financial institutions.
Content Next transforms the way banks and credit unions handle information, moving beyond traditional document storage to intelligent, automated workflows. Built on OpenText’s multi-tenant SaaS platform, Core Content Management, the solution allows financial organizations to streamline operations, reduce manual work, and deliver modernized employee experiences. By embedding AI tools, providing self-service administration, and offering customizable workspaces based on roles and processes, Content Next empowers employees to access insights more quickly and enhance customer service, turning content into actionable intelligence.
Whitney Russell, President of Digital and Financial Solutions at Fiserv, emphasized that the solution “redefines operational efficiency for banks and credit unions,” highlighting the practical impact of AI-driven content management in day-to-day financial workflows. Through its integration into Fiserv’s enterprise content management suite, Content Next offers a single source of truth with governance, scalability, and native compatibility with Microsoft 365 and Google Workspace. Enhanced AI search and summarization features allow institutions to optimize processes such as loan processing, deposit management, and regulatory compliance while maintaining secure access controls and privacy protections.
Sandy Ono, EVP and Chief Marketing Officer at OpenText, stated that Content Next is “not just a repository—it’s a catalyst for intelligent work,” underscoring the value of AI-enhanced content in helping employees work more efficiently and deliver better service to customers.edit
The collaboration between OpenText and Fiserv reflects a shared commitment to supporting AI-poweredited financial institutions. As AI and emerging technologies like quantum computing increase the volume and complexity of financial data, organizations need solutions that protect sensitive information while enabling innovation. Together, OpenText and Fiserv combine deep content expertise, governance capabilities, and industry knowledge to help banks and credit unions improve efficiency, ensure compliance, and drive enhanced customer engagement.
Content Next will be showcased at the Fiserv Forum Client Conference 2025, with availability expected soon, offering financial institutions a first look at the new AI-driven content management capabilities designed for the modern banking landscape.
Real-Time Treasury at Scale: Broadridge Implements Instant Cash Reporting for Merck
Broadridge Financial Solutions, Inc. (NYSE: BR), a global leader in fintech innovation, has announced that Merck has chosen Broadridge to implement Swift’s new Instant Cash Reporting service. Leveraging Broadridge’s Swift Service Bureau (SSB) and SCORE+ services, the initiative will provide Merck with real-time, on-demand access to balances and transaction details across more than 400 accounts worldwide, revolutionizing its treasury operations.
Broadridge’s Swift Service Bureau has long been recognized for delivering seamless connectivity to the Swift network, supporting a wide range of financial messaging from payments and securities to derivatives and corporate actions. The platform consistently ensures highly efficient transaction processing, robust connectivity, and proactive workflow management, making it a trusted solution for major corporates.
Instant Cash Reporting is part of Swift’s broader Corporate Evolution program, representing a major leap beyond traditional next-day cash reporting. The service was developed with input from the Swift Corporate Working Group, where Broadridge plays an active role as a key representative. This initiative builds on Broadridge’s track record of pioneering financial innovations, such as the introduction of ISO 20022 migration services for corporates back in 2007.
Johann Lee, Principal Expert at Merck KGaA, Darmstadt, Germany, emphasized the value of Broadridge’s approach, noting that it eliminates the complexity and expense of deploying proprietary APIs across numerous banking partners. With SCORE+ and SSB, Merck gains a unified, standardized channel for real-time financial data that will strengthen cash management and streamline payment processing.
The launch of Instant Cash Reporting follows the earlier success of Swift’s payment tracking capabilities for corporates, marking another milestone in the evolution of global treasury operations. Kai Marzenell, Director of Swift Product Management at Broadridge, highlighted that providing Merck with instantaneous access to financial data across its global banking network transforms how liquidity is managed, improving efficiency and enabling more agile decision-making.
Broadridge is also preparing to expand its offering with new API-enabled tools, including Stop & Recall features and advanced Payment Preparation functions, creating a more comprehensive, end-to-end payment ecosystem for corporates. For a company like Merck, which expects to generate around 900,000 intraday reports annually, the benefits are significant. With SCORE+, Merck can now extract details from up to 1,000 accounts in one call, a substantial improvement over traditional, fragmented bank-by-bank integrations.
By combining scalability, innovation, and simplified integration, Broadridge is setting a new standard for global treasury management, reducing complexity while empowering corporations with the agility needed to navigate today’s fast-changing financial landscape.
$820M Milestone: iCapital Powers Ahead in Modernizing Global Investment Access
Global fintech leader iCapital has raised over $820 million in its latest funding round, pushing its valuation beyond $7.5 billion. The financing was co-led by T. Rowe Price and SurgoCap Partners, with ongoing backing from existing investors Temasek, UBS, and BNY, and support from State Street.
Founded in 2013, iCapital provides a comprehensive technology and data infrastructure platform that simplifies access to alternative investments, structured products, and annuities. Its unified system allows financial advisors, wealth managers, and asset managers to manage these offerings alongside traditional investments at scale.
The newly secured funds will help advance iCapital’s global acquisition strategy, accelerate international expansion, and support further technological innovation across its services. Over the years, the company has invested more than $700 million into developing its platform and has completed 23 strategic acquisitions, including names like Mirador, AltExchange, and Parallel Markets. These moves have contributed to the firm’s rapid growth, which now includes a workforce of 1,875 across 16 global offices. iCapital’s platform currently supports over 750 product providers and more than 3,000 wealth management firms, offering access to 2,100 funds and serving 114,000 active financial professionals.
The deal’s financial advisor and placement agency was Goldman Sachs, while its legal counsel was Ropes & Gray.
CEO Lawrence Calcano emphasized that this funding is not just a vote of confidence from investors, but a catalyst to accelerate the company’s mission of enhancing the investing experience. He reiterated the company’s commitment to delivering technology-driven solutions that empower advisors and managers with the tools and insights they need to offer exceptional service in an evolving financial landscape.
David DiPietro of T. Rowe Price praised iCapital for building a platform that is becoming essential to private markets investing, highlighting its blend of sophisticated technology and deep market understanding.
Efficacy Joins Stitch: A New Era for Card Clearing and Merchant Services in SA
Leading South African payments infrastructure provider Stitch Group has announced that it has acquired Efficacy Payments, a digital payments business with headquarters in Cape Town that specializes in cash deposit and card acquiring solutions. While the financial terms of the deal remain confidential, the move is positioned as a strategic step to expand Stitch’s role in the local payments landscape.
With this acquisition, Stitch intends to offer merchants direct card acquiring services as a DCSP, a role that allows the company to facilitate direct card clearing for both online and in-person payments. Efficacy, established in 2016, has held DCSP status since 2021, bringing regulated clearing experience to Stitch’s growing portfolio.
The integration of Efficacy’s technology is expected to unlock a number of operational benefits for Stitch’s clients. These include better conversion rates at checkout, reduced transaction costs, real-time reporting, and more efficient reconciliation processes. Stitch also highlights that merchants will gain faster access to innovative product features and updates as a result of this enhanced infrastructure.
Junaid Dadan, Stitch’s president and co-founder, commented on the announcement, noting that card processing remains a core need for South African businesses. He emphasized the opportunity to improve key aspects such as transaction success rates, reconciliation systems, and accessibility to cutting-edge technology.
This deal follows Stitch’s earlier acquisition of Dutch fintech ExiPay in January, which added in-person payment functionality to the company’s existing online payment solutions. The company’s consistent growth led to a $55 million Series B investment round in April, which was led by QED Investors. This round brought Stitch’s total funding to $107 million, further reinforcing its ambition to build a full-stack payments infrastructure offering for the South African market.
With Efficacy now part of its ecosystem, Stitch is well-positioned to deliver an end-to-end payment experience across digital and physical channels.
Timestamp Partners with BitGo to Power Innovative Capital Formation
Timestamp Financial, a regulated investment platform for startup investing, today announced a strategic partnership with BitGo, the leading infrastructure provider of digital asset solutions, through which BitGo will serve as Timestamp’s official custodian and escrow partner.
Timestamp’s integration of BitGo’s custody and escrow solutions is the first step towards their forward-looking strategy for startup capital formation. Soon after the initial phase of this integration, founders and investors will be able to participate in regulated investment offerings using bitcoin without compromising on security, trust, or regulatory integrity. The partnership marks a tangible step towards the responsible financialization of bitcoin.
“Partnering with BitGo sets the stage for the development of capital formation infrastructure aligned with the Bitcoin standard.” said Arman Meguerian, Founder and CEO of Timestamp. “Our mission is to give founders and investors a secure, compliant, and accessible path to raise and deploy capital in a rapidly evolving financial landscape. That requires regulatory clarity and institutional-grade systems, which BitGo delivers at the highest level.”
“We’re proud to partner with Timestamp to bring secure, regulated infrastructure to the frontier of startup investing,” said Mike Belshe, Co-founder and CEO of BitGo. “This collaboration represents a powerful step forward in aligning capital formation with the principles of sound money and digital asset security. Through the integration of BitGo’s institutional-grade custody and escrow services with Timestamp’s innovative platform, we aim to establish the financial infrastructure that will underpin a Bitcoin-native future.”
In the next phase of this partnership, Timestamp and BitGo plan to lay the groundwork for a new era of capital formation—one that is bitcoin-native, regulation-ready, and designed for a world operating on the bitcoin standard.
Start Anytime: ezAccounting Payroll Software Built for Mid-Year Setup and Business Growth
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“Mid-year setup is simple, seamless, and cost-effective with ezAccounting Business Software,” said Dr. Ge, Founder of Halfpricesoft.com.
ezAccounting is a powerful all-in-one solution built for accountants, agricultural businesses, and business owners—making it easy to track income and expenses, process payroll, print checks, generate detailed reports, and prepare tax forms with confidence.
ezAccounting offers both payroll and bookkeeping tools in one easy-to-use solution—ideal for small businesses and accounting professionals alike. Whether you’re new to accounting software or switching from QuickBooks, ezPaycheck, or another program, transitioning to ezAccounting is quick, intuitive, and stress-free.
Switching to new software mid-year might seem daunting, but it can offer significant advantages —especially when the current system is costly, inefficient, or lacking features.
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At Halfpricesoft.com, our goal is to empower Accountants, CPAs and SMBs with affordable, reliable, and easy-to-use software solutions that simplify payroll, streamline operations, and support efficient financial management. Trusted by thousands, we are committed to helping business owners save time and reduce costs through innovative online and desktop tools.
Enterprise WealthTech XFOLIO lands $2m seed funding
XFOLIO, a French and Lebanese-based FinTech company redefining institutional wealth management, has successfully closed a $2m seed funding round.
The investment was fully provided by Middle East Venture Partners (MEVP), and will enable XFOLIO to accelerate its product development, expand into new markets across MENA and Europe, and form strategic partnerships.
Founded in 2024 by serial entrepreneur Anis Rahal, who previously founded TreasuryXpress before it was acquired by Bottomline Technologies, XFOLIO offers a unified platform that merges portfolio management and treasury automation into a single cloud-based system.
The platform is designed to help financial institutions, family offices and wealth managers consolidate, automate and visualise both bankable and non-bankable assets. It leverages financial messaging standards to deliver a first-of-its-kind application that addresses growing demand for streamlined digital solutions.
The newly secured capital will support the company’s go-to-market strategy and fund the development of AI-powered recommendation tools and cross-bank trading features.
Middle East Venture Partners partner Jad El Boustani said, “We believe XFOLIO is building the future of enterprise WealthTech.
“Anis and the co-founders bring unmatched expertise in financial connectivity and portfolio management. Their solution addresses a critical gap in the market: modern, cost-effective tools for mid-sized wealth managers who have been left behind by legacy systems. It is an honor to be working again with Anis and his team.”
XFOLIO co-founder and CEO Anis Rahal said, “At XFOLIO, we believe that Treasury and Wealth Management should be unified into a single, seamless system. Both sectors depend on one critical success factor: real-time connectivity to market data providers. We find the current pricing in the market to be excessive, largely due to legacy systems that fail to leverage modern, cutting-edge technologies. XFOLIO is here to change that. We’re introducing fair, transparent pricing – and our mission is to democratize access to both Treasury and Wealth Management solutions.”
Whalet and TerraPay team up to boost SME global payments
Whalet has announced a strategic partnership with global money movement firm TerraPay to deliver seamless cross-border payout solutions aimed at supporting small and medium-sized enterprises (SMEs).
The collaboration will focus on simplifying international transactions for Whalet’s core customers — cross-border sellers from the Asia-Pacific region — while improving overall payment efficiency.
TerraPay vice president – IMT (APAC) Sukesh Malliah said, “This partnership enhances global payouts, ensuring businesses can move funds effortlessly. By working with Whalet, we’re enabling a more accessible and efficient payout experience for SMEs and marketplace sellers, empowering businesses to operate seamlessly across multiple regions.”
Whalet founder and CEO Nicholas Liao added, “Partnering with TerraPay strengthens our ability to offer reliable payouts for cross-border trade enterprises and e-commerce marketplace sellers. This collaboration ensures our customers can efficiently manage transactions while optimizing financial processes worldwide.”
Whalet focuses on providing SMEs with a wide suite of global payment services. Its offerings include one-click store setup, multi-currency global accounts, pay-ins, payouts, currency exchange, and card issuance. The firm holds payment licences in Singapore, the US, and Hong Kong SAR, ensuring its operations meet compliance standards across key international markets.
With international commerce rapidly evolving, both Whalet and TerraPay are focused on building a robust financial ecosystem that enables SMEs to pursue growth across borders. Their joint solution aims to provide reliable, frictionless payout networks that align with SMEs’ global expansion goals.
Whalet’s mission is to help SMEs approach global trade with confidence, offering secure and cost-effective cross-border solutions that cover a wide range of services from store setup to multi-currency management. The company currently supports transactions in 39 major currencies and partners with financial institutions worldwide to ensure businesses can scale efficiently while meeting regulatory demands.
European Fintech Paynt Acquires Canada-Based E-xact Transactions to Accelerate North American Expansion
Paynt, a leading European payment technology company, today announced its acquisition of Canadian firm E-xact Transactions, marking a major milestone in the company’s strategic expansion across North America.
Paynt currently processes payments across the European Economic Area and the United Kingdom, with regional offices in the UK, Ireland, the Baltic States, and the United States. The acquisition of E-xact, which processes over CAD 3.5 billion annually across more than 50 million transactions, will add a new operational hub in Vancouver, Canada.
To support this North American growth, Paynt has appointed payments industry veteran JohnPaul Golino to its board of directors. Golino will lead the integration of E-xact into Paynt’s platform and oversee regional go-to-market efforts.
“With a new established presence in Connecticut and Vancouver, we’re entering a new chapter in building Paynt’s North American footprint and reinforcing our global leadership in payment solutions,” said Sam Kohli, founder and Group CEO of Paynt.
Founded over 25 years ago, E-xact Transactions delivers lightning-fast, secure payment processing — with sub-one-second transaction times — and supports leading e-commerce platforms such as Shopify, Magento, and WooCommerce.
“This acquisition not only expands our reach but enhances the solutions we bring to merchants and partners across Canada,” said JohnPaul Golino. “We thank MAPP Advisors for their guidance in connecting us with E-xact — this is the beginning of a powerful new phase.”
Paynt is also actively evaluating additional acquisition targets in the United States, with plans to finalize another deal by the end of 2025.
Saphyre Launches AI Agent for Onboarding, Enabling Fund Launch by Email
Saphyre, the leading fintech platform for pre-trade and post-trade intelligent automation, today announced the launch of its AI Agent for Onboarding, a game-changing capability that allows brokers and clients to initiate full fund onboarding simply by sending an email.
With no portals, forms, or extra tools required, the AI Agent for Onboarding enables firms to meet their clients exactly where they are in their inbox. Clients of brokers can submit onboarding requests by emailing their required data points and documents. From there, Saphyre’s AI reads the message and attachments, intelligently parses the data, and automatically starts the onboarding process.
“The same emails your clients send today can now kick off a complete onboarding without any back-and-forth and manual rekeying or specialized formatting” said Stephen Roche, President and Co-Founder of Saphyre. “This is real operational efficiency, at scale.”
If any required data or documents are missing, Saphyre’s AI Agent for Onboarding follows up with a clean, automated request — asking only for what is needed. Once all information is collected, the system passes the request to the broker operations team for final review and approval. The onboarding is then seamlessly processed through their internal systems, via API integrations.
“We’ve eliminated the tedious steps that slow teams down,” Roche added. “Instead of chasing clients for missing information or copying data from emails into static forms, brokers can now focus on higher-value tasks — and get their clients to market faster.”
“This isn’t a chatbot or assistant. It’s a fully integrated AI capability designed to reduce onboarding timelines, eliminate inefficiencies, and improve client experience,” said Gabino Roche, CEO and Founder of Saphyre. “With our AI Agent for Onboarding, firms can operate smarter, move faster, and scale without sacrificing control.”
The AI Agent for Onboarding reflects Saphyre’s continued commitment to transforming operational processes through intelligent automation helping firms thrive in an increasingly fast-paced and regulated market.