Lloyds Banking Group has invested £4m in Caura, a car app that consolidates all driving-related payments in one place.
Caura’s iOS and Android apps promise to simplify driving-related payments for the 30 million UK motorists, who often have to use up to 10 apps and websites to manage their vehicles. their.
Drivers receive relevant information and timely reminders to help them stay compliant and up-to-date on car insurance, MOT, vehicle taxes, tolls and city fees.
With support from Lloyds, the company wants to develop integrated financial services such as auto loans and insurance, as well as white-label payment options for auto partners and self-service SaaS technology. services for SME customers.
“This significant investment represents another important step forward in our plans to work closely with fintechs and technology partners to bring together data-driven insight and technologies to help our customers.”
Kirsty Rutter, fintech investment director, Lloyds
Apex Corporation, a global financial services provider, today announced its proposed acquisition of Bank of America Custodia Services (Ireland) Limited, the business of Bank of America’s depository in Ireland. Apex Group will acquire BACSIL through its subsidiary, the European Deposit Bank (“EDB”).
BACSIL is an inbound and outbound fund custodian solution serving a multitude of blue chip clients including UCITS, alternative investment funds and offshore custodial fund structures, across a wide range of strategies. Dublin-based BACSIL business provides custodial services for $71.4 billion worth of client assets. Apex Group’s existing custody services provided by EDB support a wide range of managed funds, underpinned by leading technology and workflow systems.
The addition of BACSIL strengthens the Apex Group’s offering of independent custodial services in Ireland, with the Group also providing custody solutions in Luxembourg, the United Kingdom, Malta, Sweden, Denmark and The Netherlands through its subsidiary, the European Depositary Bank (“EDB”) and its local specialist unit.
BACSIL’s highly qualified and experienced team will join the Apex Group in Dublin, ensuring exceptionally consistent service levels for current and future customers. As part of the Apex Group, BACSIL customers will benefit from the simplicity and efficiency of a unique relationship with a global service partner throughout their business value chain; including custody solutions, digital banking, fund management, super ManCo and ESG Rating & Consulting.
This is the latest in a series of strategic global acquisitions by Apex Group that aims to expand the geographical reach of custodial services in the European market with the addition of Darwin Custody in the Netherlands.
“The addition of BACSIL continues our strategic priority of strengthening the local delivery of our independent depositary services in Europe. BACSIL’s clients will continue to receive all the existing solutions they require and continuity of service, while also benefitting from access to our full range of global solutions. We look forward to welcoming BACSIL’s clients to the Group, with our single-source model removing the necessity for multiple service provider relationships, delivering efficiency and flexible solutions to all operational requirements of regulated funds.”
Peter Hughes, Founder and CEO of Apex Group.
Closing the transaction is subject to normal conditions, including regulatory approvals expected to be granted in 2023. Terms of the transaction were not disclosed.
Kirkland & Ellis LLP and Arthur Cox LLP act as legal advisors for Apex Group, and Macquarie Capital acts as financial advisors.
Momnt, a financial technology company that provides real-time lending and payment solutions to businesses as needed, announced a strategic partnership with Paradigm to launch Paradigm Finance, a platform Leading finance for home improvement contractors.
Through this partnership, Paradigm Finance users now have the ability to provision and manage all aspects of point-of-sale financing directly within the company’s Paradigm Vendo platform, a point-of-sale solution. digital merchandise for door-to-door sales professionals.
“The way consumers pay for their home improvement projects is evolving, and there is a growing demand for flexible, easy, and affordable payment options. Paradigm Finance, powered by Momnt, is specifically designed to provide contractors and homeowners with the most cost-effective and simple financing experience possible.”
Chris Bracken, CRO at Momnt.
“Paradigm Finance is a new kind of financial services platform that improves the lives of business owners. We understand the importance and value of innovation, and Paradigm Finance provides a next-level consumer lending experience to make the sales process seamless.”
Mike Storck, Product Director at Paradigm.
“As Momnt continues to expand our offerings and provide superior solutions, we’re thrilled to partner with Paradigm. Together, we have created an exceptional digital experience that allows businesses to scale tremendously while giving customers the payment methods they prefer.”
Mike O’Connell, VP of Partnerships at Momnt.
Anyfin, a Swedish startup that offers refinancing of consumer loans and credit card debt using a combination of artificial intelligence and snapshots of current statements and payment terms. debt pocketed $30 million in a Series C funding round led by existing investor Northzone.
Launched in November 2017, Anyfin founders Filip Polhem, Mikael Hussain and Sven Perkmann have extensive experience in consumer credit, credit risk assessment and technology, having previously held roles. senior positions in some of Sweden’s biggest tech companies including iZettle, Klarna and Spotify.
The company uses publicly available consumer data to gauge the creditworthiness of its customers and promises to refinance existing loans within seconds of receiving a photo of a statement of credit. current loan, including repayment history.
Consumers can send photos to Anyfin through a channel of their choice, such as text message, email or Facebook Messenger, and the company responds with an option to refinance the loan at a good rate. than. With one click, the consumer accepts the new Anyfin option and the company takes care of the existing loan settlement for him. The company says the number of active customers on the platform has grown by 50% in 2022, and half of its 1 million app downloads took place in the past 12 months.
In October, Anyfin raised $52 million in new funds to accelerate the growth of its business across Europe. The company says the capital will be used to set up a new office in Berlin – it’s first outside of Sweden – and strengthen the local team. In addition, Anyfin plans to launch a new app-based savings service for consumers in Germany, Sweden and Finland.
The increased investment in Germany will include the implementation of existing services in Sweden, such as interest-free cash advances, a budgeting tool and a way to block credit purchases. Other existing Series C backers include Accel, EQT Ventures, FinTech Collective, Quadrille Capital, Augmentum Fintech and new investor Citi Ventures.
European B2B payments platform Sprinque has raised a €6 million funding round led by Connect Ventures, with participation from Kraken Ventures, Inference Partners and SeedX. Existing investors Antler, Volta Ventures and Force Over Mass also participated in the round.
Sprinque’s B2B payment platform allows merchants and marketplaces to offer invoice payments with clear payment terms to online shoppers without incurring additional risk or increasing operational costs. Sprinque is a white-label solution that can be fully integrated through their API, Magento plugin, Prestashop and WooCommerce, or works offline through their Seller Control Center.
“Sprinque has been built to enable merchants and marketplaces to offer Pay by Invoice with payment terms in the most seamless way possible for the most ambitious merchants,”
Juan Espinosa, Co-Founder, and CEO.
“Sprinque’s founding team has a deep understanding of B2B commerce and how to help their customers improve conversion, retention, and cash flow. They recognize that a B2C-style BNPL payment method does not translate into a B2B context, so instead they are building a differentiated product designed specifically for the breadth and complexity of B2B commerce,”
Rory Stirling, General Partner at Connect Ventures.
Sprinque’s buyer range covers much of Europe to enable frictionless cross-border e-commerce. It initially targeted merchants in the Netherlands, Spain, and Germany, but is looking to quickly expand to other countries.
The latest investment will be used to expand further into European markets and develop functionality beyond the Billing product, as well as develop risk-sharing and all-management solutions. both merchant and venue payment flows in the B2B marketplace.
“In our quest to find the next big winner in B2B payments, Sprinque’s management continued to impress us with their complementarity skills and executional strength. We could not be more excited to double down on our investment and help the company unlock this multi-trillion opportunity.”
Thibault D’hondt, Principal, Force Over Mass.
HES Fintech, a leading smart lending platform provider, today announced a partnership with Acquired.com, a payments specialist and payment initiation service provider based in the UK. The UK, through which lenders using HES will be able to take advantage of a sophisticated payment solution designed to enable fast loan disbursements and transparent borrower-centric methods of collection.
“Acquired.com’s solution is best-in-class when it comes to payment processing”
“they have proved they can operate in a truly consultative manner by building a deep understanding of our client’s needs and what we want to achieve as we launch in the UK. As we bring our out-of-the-box solution HES LoanBox to the market we are excited to work with a payments partner in which we can put our trust in to help realize our goals.”
said Ivan Kovalenko, CEO at HES Fintech.
As HES begins to expand its market share in the UK, the partnership with Acquired.com promises to accelerate the delivery of market-leading solutions for B2B and B2C lending across a number of verticals. main.
When looking for a payment service provider to help achieve this ambitious goal, it was important for HES to find a partner that could meet the diverse needs of a diverse portfolio of customers. its form. Founded in 2015, FCA-regulated Acquired.com is a flexible payments specialist offering bespoke and bespoke payment processing solutions. They are uniquely positioned to benefit lenders using HES LoanBox by improving the end-to-end lending process with their tailored solutions, from seamless loan disbursement to Continuous and on-time debt collection is optimized.
As they looked to build long-term relationships with UK lenders, HES needed a partner with significant lending experience who could offer a variety of payment methods to borrowers, including Apple Pay, Google Pay and Open Banking. Additionally, Acquired.com’s Account Updater tool will allow HES lenders to avoid contacting borrowers with expired, lost or stolen card details. Enables recurring payments to be accepted seamlessly by automatically updating customer payment details without impacting service, benefiting both lenders and borrowers.
“Our partnership with HES Fintech establishes Acquired.com as the payments and banking solution of choice for UK Loan Management Software providers. It’s been a pleasure working with HES Fintech and their clients, tailoring our solution to meet specific needs and overcoming challenges faced. We are also delighted to see our proprietary Pay By Bank solution being put to good use in the lending sector.”
Jack Mangnall, Senior Partner Manager at Acquired.com.
AdvicePay, the leading fee payment processing platform designed specifically for financial advisors, has announced that it has completed a SOC 2 Type II audit conducted by KirkpatrickPrice. This endorsement demonstrates that AdvicePay has a strong commitment to security and provides high-quality service to its customers by demonstrating that they have the necessary internal controls and processes in place.
SOC 2 audits provide independent third-party verification that the service organization’s information security practices meet industry standards set forth by AICPA. During the audit, the service organization’s non-financial reporting controls related to confidentiality, availability, process integrity, confidentiality, and system confidentiality were all checked. The SOC 2 report released by KirkpatrickPrice verifies the adequacy of the design and performance of AdvicePay’s controls to meet the standards of these criteria.
“AdvicePay is pleased to have successfully completed the SOC 2 Type II examination and audit. We take security very seriously, and it is imperative that the financial professionals who use our product can trust us to operate at the highest standards of security and compliance,”
“Hitting this milestone for the third year in a row provides validation and reinforces our ongoing commitment to protecting our customer’s data and continually meeting the most stringent security standards in the industry.”
Mary Moore, Chief Operating Officer at AdvicePay.
“The SOC 2 audit is based on the Trust Services Criteria,”
“AdvicePay delivers trust-based services to their clients, and by communicating the results of this audit, their clients can be assured of their reliance on AdvicePay’s controls.”
Joseph Kirkpatrick, President of KirkpatrickPrice.
Fintech credi2 and Visa, a global leader in digital payments, have signed a strategic partnership within the framework of the Visa Fintech Partner Connect program. Together they have developed a product that is flexible to use and will support “buy now, pay later” (BNPL) payments with Visa credentials in Central European markets in the future. Vendors integrating this white-label solution into their card applications have penetrated a billion-dollar market that remains largely untapped.
The new white label offer for card issuers, developed by credi2 in partnership with Visa, will in the future allow cardholders to make flexible installment payments through Visa logins. This gives consumers a flexible partial payment option before and after making a purchase online or at a point of sale. With the BNPL option seamlessly integrated, banks can benefit from the rapidly growing multi-billion dollar pre- and post-purchase BNPL market. According to Juniper Research, the BNPL market will be worth $995 billion by 2026.
“Visa cards are accepted in more than 200 countries and territories worldwide. Because of the large reach, providers should think about their positioning in a changing world of omnichannel payment methods,”
“Anyone who does not offer the option of flexible installment payments is at risk of losing touch with the payment market.” Young adults of Generations Y and Z in particular are already using convenient BNPL solutions that are integrated into the retailer’s purchasing process. During the payment journey, they can opt for flexible installment payments.
This BNPL solution is an alternative to previous options. Along with a Visa card with a partial payment function, it offers a trustworthy means of payment that enables users to subsequently convert purchase amounts into installment payments – with high coverage and acceptance. “BNPL via Visa card offers customers more flexibility, a better overview and helps to prevent their account limit from being blocked by debiting the entire amount,”
Christian C. Waldheim, Co-CEO at credi2.
“We see sustained consumer interest in flexible and at the same time secure payment options. With the help of credi2, we can enable our issuing partners to enter the market quickly and easily with essential infrastructure building blocks,”
“The white-label solution developed by the two partners can be modularly adapted to the requirements of the respective card-issuing financial institution.”
Jakub Grzechnik, Head of Product at Visa in Central Europe.
Salv, a regtech startup founded by a group of former Wise and Skype employees, has raised €4 million in an expansion round led by ffVC and with participation from G+D Ventures.
Salv Bridge is a real-time crime-fighting collaboration platform that uses the collective power of the network to reduce non-compliance and financial crime.
The GDPR-compliant platform enables collaborative investigations between financial institutions by opening a direct line of communication – allowing them to exchange and supplement data about potential threats.
According to Salv, this helps network members resolve fraud cases in minutes, not days. To date, FS companies in the network have prevented between 6 and 7 million euros from accessing accounts controlled by criminals.
“The funds allow us to add further functionality to our modular AML toolset and expand to new markets, helping more companies greatly improve their crime-fighting measures and thereby protect their end-customers.”
Taavi Tamkivi, CEO, Salv.
eTip, a powerful and customizable digital tip solution, today announced a partnership with Visa, the world leader in digital payments. Working together, eTip and Visa are helping hospitality and service customers accelerate digital tip adoption.
While cashless payment methods and contactless tipping for restaurant employees have skyrocketed due to pandemic demand, payment methods for hospitality industry employees, such as hotel managers, have been increasing. Housekeepers, on-call staff, waiters, concierges, servers and other service providers, remain firmly in the cash-based past.
While some peer-to-peer money-sharing platforms are used by some, privacy and regulatory concerns mean that customers, most of them, are now used to a moneyless world. face, nothing to give to housekeeping, carry luggage or perform other chores. maid. Their cars.
With eTip, customers will no longer have to feel guilty and run to an ATM to tip employees, download apps, or share personal information. Instead, eTip’s simple and secure QR code and NFC-based tipping solution allow customers to tip with their digital wallet or credit card. After a customer tips a service, eTip allows employees to receive a tip in real-time, directly into their bank account. This transfer is supported by Visa Direct, which enables real-time payments for eligible cards.
“eTip makes it possible to simply tip with a tap or scan,”
“Our research shows that staff tend to see an 80 percent increase in tips when the barriers to tipping are removed through our solution, and a five-time increase in the amount being tipped as well. Visa partnering with us shows their commitment to bringing their industry leadership in cashless payments and real time tip disbursements to the most vital part of the hospital industry, its people. By combining Visa’s technology and ours, we are revolutionizing the way tipping is done.”
Nicolas Cassis, CEO of eTip.
“We are seeing an increase in market demand for a fast, reliable, and fully digitized tipping experience for hotel guests and employees in the hospitality industry,”
“eTip now offers a digital tipping solution, enabled by Visa Direct, helping to modernize that process for their guests and employees.”
Yanilsa Gonzalez-Ore, Senior Vice President of Visa Direct.
With customers in hotels, casinos, resorts, cruise lines, health and beauty services as well as sports venues, eTip not only allows these businesses to accelerate the transition. Going cashless but also reducing operating costs and allowing them to recruit, retain and motivate talent. For example, eTip hotel customers typically save an average of $34,800 per year in churn costs and reduce churn by an average of 30%.
By digitizing the tipping experience, through digital acceptance and real-time tip payments, hotels can improve the overall guest experience as well as employee satisfaction. According to an eTip survey of 5,000 guests staying at the hotel, nearly 100% of guests said they had a 5-star experience. In addition, hotel managers report that employees have higher levels of engagement and an increased sense of belonging.
BNY Mellon and Fiserv, one of the world’s leading providers of payment technology and financial services, have teamed up to provide additional real-time exchange rate quotes for their payments. US financial institutions.
With innovative application programming interfaces (APIs) connectivity, financial institutions leverage Payment Exchanges: Fiserv exchange services can now seamlessly access BNY Mellon real-time exchange rate quotes in over 120 currencies with no further integration required. This new offering gives US financial institutions the ability to perform currency conversions for cross-border payments with instant exchange rate visibility.
“One of the main challenges for U.S. financial institutions looking to access real-time FX rate quotes for payments is that the costs associated with integrating to a banking partner can be prohibitive,”
“We are addressing this head-on through new integration which enables institutions to provide clients with streamlined, real-time FX rate quotes to facilitate cross-border payments.”
Isabel Schmidt, Global Co-head of Payments at BNY Mellon.
BNY Mellon’s real-time exchange rate quotes are designed to be configurable, providing tailored service for cross-border payments. In addition to transaction tracking and reporting tools, financial institutions can access detailed payment status to enhance the support experience and bring more transparency to their customers with tools. Online by BNY Mellon.
Payment exchange: Fiserv Forex Services is a flexible, web-based solution for end-to-end international transfers, minimizing the time and effort required to manage global payments. This solution eliminates manual processes with the added benefit of one-step electronic entry for forex transactions.
“Financial institutions need cost-efficient solutions to meet the increasing demand for payments in foreign currency,”
“With Payments Exchange: Foreign Exchange Services, banks and credit unions can access multiple options to facilitate foreign exchange payments for their clients without needing to integrate with multiple third-party providers platforms or systems.”
Laura Clary, Vice President of Enterprise Payments Solutions Product Management at Fiserv.
Corporate Bank of England has agreed on an initial guarantee of £175 million to a commercial lender, DF Capital.
This guarantee will allow Manchester-based DF Capital to provide up to £225 million more in inventory financing each year through commercial floor plans and unit storage solutions for manufacturing companies. UK small and medium enterprises.
This is the first time ENABLE Assurance has supported inventory financing. This specialized form of lending is essential to the supply chain, supporting available working capital and improving cash flow throughout the product delivery cycle.
DF Capital received its banking license in September 2020. One of the British Corporate Bank’s goals is to increase the variety of offers and financing options available to small businesses. By supporting new entrants in the market in this way, the Bank can help to rapidly increase the number of supported companies and bring more choices to the market.
The guarantee commitment could increase to £350 million, which would support additional funding of around £450 million per year.
“Supporting lenders in providing finance for smaller businesses is key for us at the British Business Bank. This is a significant facility and has the capacity to generate growth for dealerships and manufacturers across the UK as well as providing a greater choice of finance for smaller businesses.”
Reinald de Monchy, Managing Director, Guarantee and Wholesale Solutions, British Business Bank.
“We are delighted to have worked closely with the British Business Bank to utilize an ENABLE Guarantee for inventory finance for the first time. This sizeable facility gives us a runway to grow our lending and support more manufacturers and dealers in the years ahead. This has been an important milestone in our capital strategy, giving us increased capacity to scale the bank.”
Carl D’Ammassa, Chief Executive Officer, of DF Capital.
FNZ, the global asset management platform, has agreed to acquire YieldX, a US provider of bond portfolio management technology, optimization services and direct indexing tools to the industry. Asset Management.
Financial institutions, advisors and their clients will benefit from the unique combination of FNZ’s full-service platform and YieldX’s digital infrastructure and technology solutions. These innovative capabilities, which will be integrated into FNZ’s wealth management platform, enable clients to analyze a multitude of fixed-income opportunities globally and quickly identify results that reflect the duration and desired return, depending on their risk profile.
The acquisition will further support FNZ’s mission to deliver personalized investment solutions to more people in the wealth management industry. This is part of FNZ’s continued focus on innovation, which aims to provide more investment options at scale as end-users increasingly seek portfolio diversity and transparency. their investment. FNZ combines the most advanced investment, infrastructure and operations technology in a single, state-of-the-art platform, enabling global financial institutions to rapidly deliver personalized services and innovative wealth management products that perfectly fit their need. their customer.
Founded by Adam Green and Steve Gross in 2019, YieldX is headquartered in Miami with offices in New York. It serves a wide range of clients, from leading wealth and asset managers to B2C financial services and technology providers operating globally.
Following the acquisition, Adam Green will join FNZ as CEO of Wealth Management and Steve Gross will join FNZ as Chief Asset Management Strategist. Together with the leadership team, they will support broader expansion efforts of wealth management products, solutions, and technologies across North America.
Today, FNZ manages more than $1.5 trillion in client assets representing more than 20 million investors worldwide. It works with more than 650 major financial institutions and 8,000 wealth management firms in 21 countries, including abrdn, Barclays, Colonial First State, Envestnet, Generali, Lloyds Bank, Santander and Vanguard.
“We have a joint vision of opening up wealth by transforming the wealth management industry through more transparent, accessible, and personalized technology solutions. YieldX’s solutions perfectly complement our existing strengths and will further differentiate our offering for the benefit of all clients.”
“The acquisition also provides a unique opportunity to accelerate our growth and presence in the U.S. as we continue to add market-leading capabilities to our global wealth platform. We’re incredibly pleased to welcome Adam and Steve, as well as the wider YieldX team to FNZ. Like us, they are highly innovative, customer-obsessed and are an invaluable addition to our team.”
Tom Chard, CEO of North America, FNZ
“The demand for digital, personalized fixed-income solutions has skyrocketed over the last year as yields have risen. Pairing our capabilities with the world-class platform and team at FNZ will allow us to accelerate and scale the delivery of our solutions.”
“I am very excited about the opportunity to join FNZ and work with such a dedicated team. The opportunity to leverage YieldX to support FNZ’s expansion is a perfect fit.”
Adam Green, co-founder and CEO of YieldX.
Intuit, the global financial technology platform that powers TurboTax, Credit Karma, QuickBooks, and Mailchimp, has extended the Intuit QuickBooks Business Network’s capabilities to millions of small and medium-sized businesses in the United States, creating one of the largest business networks – business networks (B2B) to accelerate and automate B2B payments and improve overall cash flow.
B2B payments remain one of the biggest unresolved challenges facing SMEs and one that FinTech innovation is well-positioned to tackle. QuickBooks data shows that 52% of B2B small businesses suffer from late payments, even more than B2C (business to consumer) businesses (32%), creating a cash flow challenge for small businesses that often depend on timely payments for critical business needs such as paying employees, purchasing inventory or supplies, and growing their business.
“With the QuickBooks Business Network, we’re innovating to address age-old challenges small businesses face when it comes to B2B payments, 70% of which are still paper or check-based in the U.S.,”
“Our fintech expertise and payment industry leadership enable us to bring new, powerful automation to small business B2B payments. By reducing manual work and accelerating the time it takes to get paid, we can help small business owners better predict and manage cash flow.”
Rania Succar, Senior Vice President of Intuit QuickBooks Money Platform, and CEO, Mailchimp.
Eligible QuickBooks Online customers in the United States can easily connect to each other online to accelerate B2B payments, leverage automation to simplify and streamline administrative tasks, and access Access improved collaboration and connectivity features.
The QuickBooks Business Network is the latest FinTech innovation developed by Intuit capable of delivering faster payments to businesses. Whether it’s payments, banking, or loans, QuickBooks transforms cash flow while providing advanced money management features, such as cash flow forecasting, to help small businesses stay in control. better their finances.
Worldline, the world leader in payments services, is proud to announce that it has been awarded the title of Top Employer 2023 in Europe and Asia-Pacific by the Leading Employer Institute, a global body that recognizes excellence in people management.
The recognition affirms Worldline’s global leadership in HR best practices
Worldline participated in a leading Employer audit to evaluate human resource best practices and the company’s level of commitment and long-term effort to implement exemplary people and management practices. ink in the company.
By 2023, the Institute has recognized over 2,000 Top Employers in more than 120 countries/regions across five continents. This is an in-depth external audit of human resources and people management practices. The Institute of Top Employers’ program certifies organizations based on the participation and results of the Human Resources Best Practices Survey* covering six HR areas, covering 20 topics. Worldline is proud to be certified in a total of 16 countries.
These include Australia, Austria, Belgium, France, Germany, India, Italy, Malaysia, the Netherlands, New Zealand, Poland, Singapore, Spain, Sweden, Switzerland and the Group’s joint venture in Germany, PAYONE , with specific recognition of three best practices: Ethics and integrity, business strategy and employer brand.
A new value proposition for recognized employees
This recognition follows Worldline’s new Employee Value Proposition (EVP), developed in close collaboration between several departments and Worldliness. The new EVP was determined based on feedback from employees, businesses and the market while taking into account Worldline’s purpose and ambitions as a company at the heart of the global payments technology industry.
It aims to attract more candidates by making them aware of the employee’s career they can look forward to while better-defining candidate goals.
Committed to Improvement
Worldline is very aware of encountering new challenges in the future, especially in areas identified as possible for improvement and, therefore, continues to implement dedicated action plans.
“When you join Worldline you enter into a technology company that offers a unique digital, business, international and purpose experience. I am very proud of all of the countries included in this year’s prestigious Top Employer lists. Our inclusion is a demonstration of our strong, long-term people focused vision. Worldline’s values of Innovation, Cooperation, Empowerment and Excellence resonate in everything we do, from our long-term PayTech strategy to the smallest of daily interactions between colleagues.”
Philippe Mareine, Chief People Officer and Head of Corporate Digital Acceleration at Worldline.
“Exceptional times bring out the best in people and organisations. And we have witnessed this in our Top Employers Certification Programme this year: exceptional performance from the certified Top Employers 2023. These employers have always shown that they care for the development and well-being of their people. By doing so, they collectively enrich the world of work. We are proud to announce and celebrate this year’s group of leading people-oriented employers: the Top Employers 2023.”
Top Employers Institute CEO David Plink.
FNZ, the global wealth management platform, is pleased to announce the acquisition of Fondsdepot Bank, one of Germany’s leading independent custody and trading platforms. The acquisition represents FNZ’s further investment in the German market and will bring together the additional strengths of the ebase investment platform, professional wealth management technology provider DIAMOS and Fondsdepot Bank.
Following the acquisition of Fondsdepot Bank, FNZ employs more than 1,000 employees and manages over 120 billion euros worth of assets for more than 2 million customers in Germany. The company brings its expertise and experience to over 650 partners, including Allianz Global Investors, AXA, BNP Paribas, Generali, Gothaer, comdirect and WWP.
Sebastian Henrichs will continue to be the CEO of Fondsdepot Bank, and lead FNZ Germany. Kai Friedrich will continue to lead ebase as CEO and will be appointed FNZ’s Head of European Integration.
FNZ is transforming the industry landscape with its comprehensive wealth management platform. By combining the most advanced investment technology, infrastructure and operations in a single, state-of-the-art platform, FNZ enables global financial institutions to rapidly deliver personalized services. products and innovative wealth management products that perfectly fit the needs of their clients.
“We are delighted to have successfully completed the acquisition of Fondsdepot Bank, which, together with ebase and DIAMOS, accelerates our mission to open up wealth by making wealth management more accessible to more people.”
“We also look forward to welcoming Sebastian. He has extensive leadership experience and a track record of success in the German wealth management sector, and I’m confident that the team will continue to grow FNZ’s business in Germany.”
Adrian Durham, Group CEO of FNZ.
“I am very excited about the opportunity to join FNZ and to work with such a strong team. Together, we will continue to grow FNZ’s market-leading client offering by leveraging our combined platform capabilities and market knowledge. All of our employees will play a critical role in achieving this goal, creating even more exciting career opportunities in the future.”
Sebastian Henrichs, CEO Fondsdepot Bank.