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BLACKLINE TO COLLABORATE WITH MICROSOFT TO BRING GREATER FINANCE & ACCOUNTING AUTOMATION TO MICROSOFT DYNAMICS 365 CUSTOMERS
Building on its longstanding relationship delivering finance and accounting automation solutions to Microsoft Dynamics GP customers, BlackLine, Inc. today announced it is expanding on the collaboration to bring enhanced automation and financial operations management to Microsoft Dynamics 365 customers.
“Through our collaboration with Microsoft, we seek to help finance and accounting teams at midsize companies, as well as large organizations, gain control over their financial close, intercompany accounting, accounts receivable and other key processes for the office of the Controller,” said Mel Zeledon, senior vice president of channels and alliances at BlackLine. “Together we’re providing an end-to-end solution, delivering greater customer value through enhanced connectivity and integration.”
EMPRISE BANK SELECTS TREASURY PRIME AS BANKING-AS-A-SERVICE (BAAS) PARTNER TO CREATE NEW EMBEDDED BANKING PROGRAM
Treasury Prime, the leading Banking as a Service (BaaS) company, announced today that after a competitive evaluation, Emprise Bank has chosen Treasury Prime as its strategic partner for its new embedded banking initiative. Together, Emprise Bank and Treasury Prime will build a program to enable companies to quickly and easily embed banking services, including bank accounts, payments, and cards, into their products or offerings. The program is scheduled to go live in the first quarter of 2022 and the teams are lining up the first fintech clients.
“There has been an explosion of investment in fintech companies and the vast majority of them need a supportive and reliable bank partner so they can build their businesses,” said Chris Dean, CEO of Treasury Prime. “Emprise Bank understands what it takes to be a great fintech bank: moving fast, providing clarity and counsel on regulatory issues and compliance, and supporting their clients as they go from launch to growth to scale. Together we’re going to power a new generation of fintech and neobank innovation.”
AGNOSTIQ SELECTS PENNYLANE TO DEVELOP QUANTUM PLATFORM FOR FINANCE
Agnostiq partners with Xanadu to build products on top of Xanadu’s open-source software, PennyLane, to solve and address financial problems using advanced computing technologies. PennyLane provides a powerful and pioneering differentiable programming approach to quantum computing. It seamlessly integrates classical machine learning libraries with quantum hardware and simulators, giving users the power to train quantum computers the same way as neural networks.
JP MORGAN ENABLES FINTECH FIRM EVEN WITH REAL TIME PAYMENTS
Today, fintech startup Even is setting a new trend with support from J.P. Morgan, the U.S. banking powerhouse with a market capitalisation of over $496 billion. The company has revealed JP Morgan is enabling real time payments (RTP) for it.
With this new feature, Even is planning to be one of the first businesses in the world to provide millions of hourly workers across the United States immediate access to their earned salaries. Until now, this option has only been available to people working for online platforms such as ride-hailing apps.
TROVATA LAUNCHES ITS INTEGRATED API BANK CONNECTOR(TM) FOR SAGE PRODUCTS
Trovata, the global leader in cash management automation and bank data aggregation via APIs in wholesale banking, announced today the availability of its API Bank Connector™ within multiple Sage products via Sage Banking Service in the U.S.
Trovata will connect and manage these feeds to streamline journal entries and bank reconciliation within Sage products using Sage Banking Service, a global platform that integrates with banks and bank aggregators, keeping accounts up to date and reconciled with transactions in customers’ bank accounts. This gives Sage customers, who use a solution such as Sage Intacct, the ability to easily connect to their corporate banking portals – including J.P. Morgan Access, Wells Fargo CEO, and Bank of America CashPro – using Trovata’s cash management platform. They can automate the transfer of daily bank transactions into their accounting system swiftly and accurately.
SPRINGBROOK SOFTWARE DELIVERS 50% INCREASED EFFICIENCY WITH NEW ADVANCED CAPITAL BUDGETING AND PLANNING SOLUTION FOR LOCAL GOVERNMENT AGENCIES
Springbrook Software, the leading cloud-based ERP platform for local government agencies, just released advanced Capital Budgeting and Planning, fully integrated with Springbrook’s cloud-based Cirrus financial platform. The solution reduces budget management and development time by 50%.
“Our full featured solution is developed for government agency finance teams to help them track, measure and improve organizational performance. Customers have reported up to a 50% savings in time in automating manual processes and up to 80% in reporting. The collaborative features of this solution make it ideal for the new, work from anywhere workforce,” says Robert Bonavito, Springbrook CEO.
MINING AND METALS BLOCKCHAIN PLATFORM MINEHUB TECHNOLOGIES LAUNCHES TRADE FINANCE APPLICATION
MineHub Technologies Inc. is pleased to announce the launch of its Trade Finance network application, available to all platform users. The Trade Finance application is the first in a series of network applications MineHub will be launching in the coming months.
MineHub Trade Finance is a network application, bringing visibility, security and efficiency to financiers of commodity transactions, whilst digitising administration and communication between lenders and financiers. Integrated with the core MineHub platform, this service is an additional offering that further increases the value of the MineHub platform to its users.
IMM AND CSPI PARTNER TO ACCELERATE DIGITAL TRANSFORMATION FOR COMMUNITY FINANCIAL INSTITUTIONS
IMM, the only eSignature provider that specializes in eSignature and digital transaction solutions exclusively for financial institutions, today announced it has partnered with Missouri-based Computer Service Professionals Inc. (CSPI), a fintech provider of core, digital banking, document management and item processing solutions, to give community financial institutions a more streamlined, enhanced digital banking platform. IMM’s flagship eSignature platform, IMM eSign, will be integrated with CSPI’s Aurora Advantage Digital Banking product suite.
VINCI PARTNERS IMPACT AND RETURN STRATEGY ANNOUNCES INVESTMENT IN DM CARD
Vinci Partners Investments Ltd., the controlling company of a leading alternative investment platform in Brazil, announced today that “Vinci Impacto e Retorno IV”, or “VIR IV” (“the Fund”), the Impact family of funds managed by Vinci Partners’ Private Equity strategy, entered an agreement to invest a R$ 100 million in an investment round for the acquisition of a minority stake in DM Card, a fintech focused on credit to low income population and one of the main Private Label card issuers to retailers in Brazil.
EUROPEAN FINANCIAL SERVICES PROVIDERS, BANKS EMBRACE BIOMETRIC AUTHENTICATION
In Europe, financial services companies and banks are embracing biometrics, actively partnering with tech vendors and software developers to improve digital onboarding experiences, strengthen compliance functions, and enhance fraud prevention. Biometric authentication techniques, which use a person’s unique biological characteristics such as their fingerprints, facial features and voice, to verify they are who they say they are, are fast becoming the go-to methods to verify one’s identity.
PAYMENT SERVICE PROVIDER TRANSACT365 LAUNCHES IN LATIN AMERICA
Transact365, a UK-based fintech, has launched its global payments platform in Latin America (LATAM), making it one of the largest alternative payments platforms in the region. The move enables cross border and local e-commerce transactions through bank transfers and local payment methods such as PIX and Boleto, ensuring consumers in the region can make online transactions and merchants have the capabilities to access them.
FIS ACQUIRES EMBEDDED FINANCE START-UP PAYRIX
US fintech start-up Payrix has been sold by equity firm Providence Strategic Growth and Dallas-based investment fund Blue Star Innovation Partners to payments giant FIS. The financial terms of the deal were not disclosed. Founded in 2015, the Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service (SaaS) verticals. The company offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business needs.`
JAGGAER ANNOUNCES PARTNERSHIP WITH PAYMENTS-AS-A-SERVICE FINTECH FINEXIO
JAGGAER Pay Enhances Source-to-Pay Offering with Automated Accounts Payable Solution JAGGAER, the global leader in Autonomous Commerce, and Finexio, the fast-growing digital Accounts Payable (AP) payments-as-a-service company, announced a strategic partnership that expands JAGGAER’s offerings to include a service-centric solution to simplify and optimize business-to-business (B2B) payments.
MASHREQ BANK CHOOSES THETARAY TRANSACTION MONITORING SOLUTION FOR CORRESPONDENT BANKING
Mashreq Bank of the UAE and ThetaRay announced they will collaborate in transaction monitoring. The implementation of ThetaRay’s AI-driven, next-generation solution allows safe and secure cross-border payment transfers for correspondent banking with protection from financial crime. The collaboration between the UAE bank and ThetaRay, a leader in its field, came to fruition thanks to the Abraham Accords that were signed in September 2020 to normalize relations between Israel and the UAE, Bahrain, Sudan, and Morocco.
3S MONEY PARTNERS WITH CLEARBANK TO BOOST INTERNATIONAL TRADE
3S Money, the UK bank challenger, has partnered with ClearBank, the cloud-based clearing bank, to offer multicurrency accounts to its retail and corporate clients for the first time, to support their international growth and that of their end users. The partnership will enable 3S Money’s corporate clients to hold multiple currencies in their accounts and make faster, more flexible payments in USD, EUR, GBP and EEA currencies via ClearBank’s API. This will enable them to launch local account capabilities, in order to scale faster into new markets, save time and increase their revenue. The partnership will also enable 3S Money’s clients to enable USD transactions, entering the American market for the first time.
CCC ACQUIRES INSURTECH SAFEKEEP
CCC Intelligent Solutions (CCC), a leading SaaS platform for the P&C insurance economy, announces it has acquired Safekeep, an AI leader in subrogation claims management technology. Safekeep is an enterprise platform that leverages AI to speed and improve subrogation management across auto, property, workers’ comp, and other insurance lines of business. The acquisition of Safekeep is a natural next step in CCC’s vision to deliver end-to-end straight-through claims processing.