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GLIA HONORED BY GOLDMAN SACHS FOR ENTREPRENEURSHIP FOR A SECOND CONSECUTIVE YEAR
Goldman Sachs is recognizing Glia’s CEO and Co-Founder Dan Michaeli as one of the Most Exceptional Entrepreneurs of 2022 at its Builders and Innovators Summit in Healdsburg, California.
For the two-day event, Michaeli was chosen by Goldman Sachs from among candidates in a variety of industries. With Justin DiPietro and Carlos Paniagua as co-founders, he founded Glia ten years ago to assist businesses in reimagining how they provide customer assistance in a digital-first era. The Digital Customer Service (DCS) platform from Glia has been embraced by an increasing number of financial institutions in an effort to enhance the customer experience and accelerate value through seamless on-screen help.
“We’re delighted to recognize Glia CEO and Co-Founder Dan Michaeli as one of the most exceptional entrepreneurs of 2022,”
“They have made extraordinary contributions to a wide range of fields, and all of us are looking forward to meeting with these innovative thinkers.”
David M. Solomon, Chairman and CEO of Goldman Sachs.
The Summit includes general sessions and clinics presented by seasoned businesspeople, academics, and industry experts, as well as resident scholars, in addition to honoring the best entrepreneurs.
fintech firm Airwallex raises US$100 million, retains US$5.5 billion valuation
Australian fintech company Airwallex said on Tuesday (Oct 11) it raised US$100 million in an extension of funding round, sustaining its US$5.5 billion valuation.
The Melbourne-based business claimed to have raised more capital from its current backers, including Tencent Holdings, Sequoia Capital China, and Lone Pine Capital.
HostPlus, an Australian industry superannuation fund, as well as a North American pension fund, took part in the round, according to Airwallex.
The Series E expanded round raised US$100 million, bringing Airwallex’s total fundraising to over US$900 million.
“The market environment remains challenging in the foreseeable future, and while we remain well capitalized, this additional runway allows us to continue our growth plans,”
Jack Zhang, co-founder and chief executive officer of Airwallex.
Airwallex reported that its income had increased by 184% year over year and that its client base had more than doubled. Airwallex offers customers the ability to generate and pay worldwide invoices and bills using its payments platform.
UBER PARTNERS WITH MARQETA, MASTERCARD, AND BRANCH TO LAUNCH UBER PRO CARD
Uber announced a new partnership with Marqeta, Mastercard and Branch to power the Uber Pro Card, an enhanced loyalty and payments experience that will help drivers and couriers save on gas, fees, and other expenses. Built for drivers and couriers, the Uber Pro Card offers customized perks, including up to 10% cash back on gas and up to 12% on EV charging.
“Thanks to the benefits of modern card issuing, workers can access their earnings immediately, and with the growing use of new digital wallets and payments capabilities can more easily manage their cash flow and better plan for their future,”
“Uber is changing standards in payments and we’re thrilled to partner with Uber, Mastercard and Branch to help them bring this vision to life.”
Jason Gardner, Founder and CEO of Marqeta.
“At Uber, we are always looking for new ways to offer drivers and couriers more support on the road,”
“The new Uber Pro Card will allow drivers and couriers to take home more of what they earn. Drivers and couriers will now have the ability to get more cash back on gas and EV charging and have their earnings automatically deposited to their accounts after each trip – free of charge.”
Andrew Macdonald, Senior Vice President, Mobility & Business Operations at Uber.
The Uber Pro Card enhances the Uber Pro driver loyalty program by providing Uber drivers and couriers with additional benefits and prizes, including up to 10% cash back on gas purchases after they reach the Diamond status as an Uber Pro driver.
The card also includes a Branch-powered business checking account that is intended to let drivers and couriers keep more of their earnings. After every journey, drivers and couriers who sign up for the card can have their profits automatically and for free transferred into their Uber Pro Card accounts. When they’re most in need, drivers and couriers can access up to $150 thanks to the Backup Balance feature.
“In today’s hyper-competitive labor market, Uber recognized the need to provide a dynamic, real-time payments experience that engages workers and drives greater loyalty,”
“We’re incredibly excited to partner with Uber, Marqeta and Mastercard to create a modern banking solution that not only empowers drivers and couriers with greater flexibility, speed and support but also meets their unique business needs—from free, fast access to their earnings after every trip to extensive cash back rewards.”
Branch’s Founder & CEO, Atif Siddiqi.
Drivers and couriers will be able to make purchases right away with the Uber Pro Card because it supports seamless contactless payments and is accessible through mobile wallets. Through the Uber Pro Card app, they can manage their savings, collect rewards, and transfer money to other bank accounts.
The Uber Pro Card, a Debit Mastercard BusinessCard®, provides greater purchasing freedom as well as features and capabilities that can be used by drivers and couriers to better manage their cash flow, record-keeping, and device security. In addition to enhanced security features like Mastercard ID Theft ProtectionTM and 24/7/365 Global Emergency Services, this includes access to Mastercard Easy Savings®, a rebate program that rewards small company owners when they spend, and Mastercard Receipt Management.
“Drivers and couriers are critical to our economy, and it’s imperative that they have the financial tools and resources that make their lives easier,”
“Bringing this new offering together in partnership with Uber, Marqeta and Branch, we’ll be able to arm this segment with a dynamic and tailored product that not only meets their needs but exceeds their expectations.”
Sherri Haymond, executive vice president of Digital Partnerships at Mastercard.
Stride, the top portable benefits platform created for independent workers, will also be available with the Uber Pro Card, giving drivers and couriers access to straightforward, reasonably priced coverage plans for their health, dental, and vision needs. In order to give gig and independent workers more flexibility and pertinent benefit alternatives, Mastercard and Stride teamed up in 2020.
AFTERPAY LAUNCHES 12-MONTH BNPL PAYMENT OPTION
Buy now, pay later (BNPL) firm Afterpay is launching a new monthly payment option that aims to give consumers greater payment flexibility and responsible spending options ahead of the holiday shopping season.
Shoppers who choose Afterpay’s monthly payment option can budget their purchases over a 6- or 12-month return period on purchases ranging from $400 to $4,000, according to a press release on Thursday. Wednesday, October 5.
For consumers, the new payment options include no late fees and no compounding, plus interest limits on debt, and transparency about the total amount owed at the time of purchase. Merchants that offer Afterpay benefit from the ability to offer more items across more categories and price tags with no additional transaction or integration fees.
Merchants can also benefit from newly expanded Postpay options by attracting new customers, increasing overall sales, and increasing average sales per customer, depending on the release. onion.
Afterpay’s new monthly payment solution will initially be introduced online, although the company plans to offer the service for in-person purchases in 2023.
“Our new offering is a natural extension of the Afterpay experience — giving customers a new way to take more control and have more choice in the way they pay,”
“We look forward to supporting customers with yet another smart budgeting tool.”
Lee Hatton, head of Cash App Asia Pacific.
Afterpay’s monthly payment option is currently available in the US on Bellacor.com, EyeBuyDirect, FWRD, and Your Mechanic, among many other merchant partners. The company also plans to expand the offering to merchants outside of the US in 2023.
BNPL aims to provide consumers with an alternative to the high-interest rates and compounding debt of credit cards. More than 98% of Afterpay transactions are never subject to late fees, and more than 90% of Afterpay transactions are paid by debit card, according to the release.
DIGITAL BANK ZOPA IN TALKS TO RAISE ANOTHER $100M FROM INVESTORS
UK digital challenger Zopa is in talks to raise $100 million in what could be its final funding round before going public, according to Sky News.
The raise, which would value the bank somewhat higher than its £750 million valuation from a £220 million round last October, is currently being discussed by the bank with both new and existing shareholders.
Having established itself as a leader in P2P lending, Zopa switched to becoming a typical bank two years ago. It achieved profitability this April and the £2 billion deposit milestone in August.
According to sources cited by Sky, the company, which has long been rumored to be contemplating an IPO, has gone to investors for what is anticipated to be the last capital infusion to fuel expansion.
BENDIGO BANK COMPLETES ROLL OUT OF PAYTO
Bendigo Bank has today launched its new PayTo digital payments service delivering new levels of control and transparency for its online and mobile banking customers.
PayTo is a novel, digital means to pre-authorize one-time or recurring payments straight from a bank account. It was created locally utilizing the real-time payment capabilities of the New Payments Platform, the same system used for secure PayID and immediate Osko payments between individuals.
Customers of Bendigo Bank can now utilize PayTo to authorize or delay the payment of bills, subscriptions, and one-time purchases through their currently online or mobile banking accounts.
Customers may handle payments that are made directly from their bank account with more control thanks to PayTo, and they can do it in the comfort and security of their online or mobile banking.
PayTo is a better, more dependable approach to enable payments as it eliminates the uncertainty associated with sending and receiving payments from bank accounts. PayTo also provides real-time account validation.
The addition of the PayTo service will allow the Bank’s customers greater control of payments they make from their accounts.
“At Bendigo Bank, we’re committed to creating connected, seamless customer experiences. As one of the first Australian banks to roll out PayTo to our customers, we believe this new capability will help them better manage their payments,”
“Whether you’re a customer paying a utility bill or a business looking for an alternative to direct debit, PayTo’s accuracy and instant payments will give consumers and businesses alike more real-time control over the payments they make.
“And, as PayTo agreements can be found in your internet or mobile banking app, your information is protected by the same level of security as the rest of your banking data.
“The swift roll out of the PayTo service to our Bendigo Bank customers is another example of the progress being made on the Bank’s digital transformation, which remains focused on delivering and embedding digital capabilities, and reducing complexity.”
Ryan Brosnahan, Chief Transformation Officer, Bendigo and Adelaide Bank.
NCINO LAUNCHES ENHANCED SMALL BUSINESS BANKING SOLUTION AT AMERICAN BANKER CONFERENCE
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that PeoplesBank, an independent community bank based in York, Pennsylvania, is live on nCino’s Small Business Banking Solution. The $2.3 billion asset PeoplesBank had previously deployed nCino’s Commercial Banking Solution, creating a single, cloud-based platform to meet the growing needs of the institution and its clients.
“nCino has enabled us to address the unique needs of our small business clients and create a specialized banking experience that supports their goals and growth,”
“Our industry is rapidly changing and we’re very proud of our ability to better support small business owners in our community with premier technology offerings. Their success relies on being agile and able to scale and, with nCino, we now provide tailored experiences that evolve with our clients as their businesses grow.”
Amy Doll, Senior Vice President, Chief Commercial Banking & Lending Officer at PeoplesBank.
According to the Small Business Administration (SBA), small businesses account for more than 99% of businesses and create 65% of new jobs in the United States. As organizations around the world define small business banking in different ways, nCino has reinforced its commitment to the small business sector with an enhanced small business banking solution that creates scale as well as the flexibility to fit any definition of a small business, from 2 people. cafe for a 300-person tech startup.
“PeoplesBank has done an extraordinary job of leveraging the nCino platform to provide exceptional service for their small business banking clients and help position them for long-term growth and success,”
“We offer our customers the opportunity to focus on meaningful work and build positive, profitable relationships with their clients, while their tech does the heavy lifting. We’re very excited to continue this journey with PeoplesBank and look forward to further enabling them to support their small business clients and the communities in which they live and work.”
Garrett Adams, General Manager of Small Business at nCino.
People’sBank’s Amy Doll will speak with nCino’s Garrett Adams in a keynote at The American Banker’s Small Business conference tomorrow, detailing Pe People’s secret to success’ sBank for small businesses. Pe People’sBank will also feature one of its customers, Martin’s Snacks, to showcase its journey from scaling production to becoming an industry leader.
CIRCLE ANNOUNCES ACQUISITION OF ELEMENTS TO ACCELERATE CRYPTO PAYMENTS
On stage at Converge22, Circle announced an accelerated crypto payments roadmap enhanced by the recent acquisition of Elements, a merchant and developer-first payments orchestration platform. The announcement includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of entry for merchants to access next-gen payments and financial services.
The new payment offerings make it simple for merchants to integrate their existing PSP relationships with Circle’s crypto payment offerings.
“We are very impressed by the Elements team for their work in taking the complexity out of crypto payments,”
“Lowering barriers of entry for payments and financial services and establishing dollar payments utility are core to Circle’s mission. Providing well-designed payment products that can facilitate seamless, efficient, frictionless and delightful customer experiences are key to empowering merchants to take advantage of these next-gen payment solutions.”
Nikhil Chandhok, Chief Product Officer at Circle.
Circle is in a unique position to promote digital payments and an always-on financial system as inherent aspects of the internet because it is the issuer of both USD Coin (USDC) and Euro Coin (EUROC). As of September 28, 2022, there are more than $49 billion of USDC in circulation, and since its launch in 2018, it has enabled more than $5 trillion in on-chain transactions. The development of a payments infrastructure that enables businesses to take USDC and other cryptocurrencies as payment methods at the point of sale is a logical next step in the increasingly widespread use of digital currencies.
“Elements’ mission is to put more money into the hands of merchants. With Circle, we knew the natural synergy in our business models would create an opportunity to deliver a seamless and low-cost payments and settlement experience for merchants using a digital currency they can trust,”
“Today’s news is only the beginning of our joint mission to deliver first-class payments offerings and define the next generation of payments.”
Nafis Jamal, Founder and CEO at Elements.
At Circle’s first Converge22 conference, co-founders of Elements Jamal and Hao Min joined Chandhok on stage to demonstrate Circle’s Crypto Payments API, which is now in beta, as well as the one-stop checkout SDK for cryptocurrency merchants, which will be accessible in Q4 2022. Beta access to Circle’s Crypto Payments API is available; for more information, please click here.
Digital Tipping Provider Etip Partners With Visa To Modernize Tipping For Hospitality And Service Industries
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 Expand Real-time Fx Rate Quotes Capabilities For Payments From U.s. Financial Institutions
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.
British Business Bank Agrees Initial £175m Enable Guarantee With Specialist Commercial Lender Df Capital
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 to acquire YieldX, Accelerating the Personalization of Wealth Management Solutions
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 QuickBooks Business Network expands to boost up and automate B2B payments
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 Recognised As Top Employer Europe & Asia For 2023
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 Successfully Completes Acquisition Of Fondsdepot Bank
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.
American Express to acquire B2B payments automation company Nipendo
American Express announced that it has reached an agreement to acquire Nipendo, a company used by global businesses to automate and streamline business-to-business (B2B) payment processes.
“Our extensive direct relationships with both buyers and suppliers puts us in a unique position to transform the way companies pay for goods and services. We are taking the friction out of B2B payments, paving the way for faster, more efficient, and transparent transactions,”
“With Nipendo, we will strengthen our expertise and capabilities in the space, and their innovative platform will give business customers common ground to connect and transact on the Amex network.”
Anna Marrs, Group President, Global Commercial Services and Credit & Fraud Risk at American Express.
This transaction is the latest strategic step by American Express toward creating a comprehensive B2B platform that makes business payments simpler and more efficient. American Express is building a broader set of B2B capabilities for buyers and suppliers through new product development, mergers and acquisitions, and partnerships.
In 2019, Amex acquired the company, and in 2022, Amex partnered with customer account players BillTrust and Versapay. Last month, the company announced Amex Business Link, a B2B solution for participants of the American Express network.
Nipendo’s platform allows businesses to easily connect, communicate, and automate Buy-to-Pay processes, including accounts payable and receivable. The Nipendo platform works alongside the company’s existing systems, allowing customers to maintain their existing payment infrastructure while benefiting from additional automation. American Express intends to integrate Nipendo’s team, technology, and capabilities to expand its differentiated enterprise offerings.
“Businesses can face a number of challenges even before they make a payment, including finding the right suppliers, managing order processes and supply chain, as well as handling discrepancies and invoice reconciliation. These traditionally paper-based processes require heavy investments of time, effort, and money,”
“We are honored to become a part of American Express, excited about the synergy of our mutual vision and looking forward to serving as an important component of the new business value we can offer, by efficiently streamlining B2B payments.”
Nipendo’s Co-Founder & CEO, Eyal Rosenberg.