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TASSAT ANNOUNCES EXECUTIVE LEADERSHIP CHANGES TO ACCELERATE GROWTH OF DIGITAL PAYMENTS PLATFORM
Tassat Group Inc., the leading blockchain technology provider of digital payment systems for banks’ B2B clients, today announced three major appointments to its executive leadership team. The leadership selections come in response to growing interest in the TassatPay™ platform, which enables banks to issue cash-backed stablecoins, facilitating real-time payments for their B2B clients.
BILLINGPLATFORM ENHANCES REAL-TIME REVENUE MANAGEMENT SOLUTION TO HELP ENTERPRISES STREAMLINE FINANCIAL CLOSE
BillingPlatform, the revenue management solution for today’s innovative business models, today announced it has added new, enterprise-grade capabilities to its Revenue Recognition solution. The new capabilities are specifically designed for accounting staff to automate the entire billing and revenue recognition process in a single solution that leverages the same data model and delivers true real-time revenue management, helping to reduce errors, mitigate company risk by adhering to accounting standards and accelerate the close process.
HEPSIBURADA’S HEPSIPAY ANNOUNCES INNOVATIVE PAYMENTS PARTNERSHIP WITH PAYCELL, FINTECH ARM OF TURKCELL
HepsiPay, the digital open wallet of leading Turkish e-commerce platform Hepsiburada , today announces a new payment agreement with Paycell, the fintech subsidiary of Turkey’s leading telecom operator, Turkcell (NYSE: TKC). The agreement will enable consumers to shop easily on the Hepsiburada platform without the need for a bank card by using the new direct carrier billing capability on HepsiPay Wallet.
Beginning in December, Turkcell customers who do not have or do not prefer to use a bank or credit card, will enjoy a frictionless shopping experience on the Hepsiburada platform. Customers will be able to quickly and easily transfer money to their HepsiPay Wallet, with the final top up amount reflected on their next Turkcell bill.
OPEN LAUNCHES NO-CODE EMBEDDED FINANCE PLATFORM ZWITCH
Open launches no-code embedded finance platform – Zwitch. Embedded finance helps fintechs and non-fintech companies to launch or embed financial services like banking, payments, cards, lending etc into their existing product or service thereby increasing sales, customer engagement, or additional revenues channels.
Open’s no-code platform Zwitch empowers anyone to embed financial services without any technical knowledge. Zwitch also has low-code and full stack API competencies.
MASTERCARD EXPANDS SUPPORT OF LATIN AMERICA REAL-TIME PAYMENTS WITH ACQUISITION OF ARCUS
Mastercard today announced it has acquired Arcus FI, an alum of the company’s Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America.
With offices in New York and Mexico City, Arcus helps to enable bill pay and cash-in, cash-out services for some of the biggest billers, retailers, fintechs and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. Its flagship solution, the Arcus Pay Network, has access to the largest retailers and direct connection with many of the largest billers in Mexico.
PAYCAST PARTNERS WITH MARQETA AND MASTERCARD FOR NEW MARKETPLACE PAYMENT SOLUTION
Marqeta , the global modern card issuing platform, Mastercard (NYSE: MA), a leader in global payments, and Paycast (an SPG Company), the marketplace payment engine, announced today a collective partnership to power and launch a digital card product to offer faster and more convenient ways for marketplace sellers to get paid and do business.
Specialising in high-value and time-sensitive transactions, Paycast enables marketplaces to hold funds in escrow between buyers and sellers until the conditions of sale have been verified. The ability for marketplace sellers to access these funds immediately on a virtual card provides more choice and a modern experience for accessing proceeds quickly and securely.
EMBEDDED FINANCE LEADER ALVIERE RUNS AD CAMPAIGN ANNOUNCING OFFICIAL ARRIVAL OF NEW ERA OF FINANCE
Alviere, the leading global embedded finance platform enabling any brand to deliver financial products and services to its customers and employees, today unveiled full page newspaper ads that officially announce a new era of financial services that will result in leading consumer brands offering all the same financial services traditionally only accessible at banking institutions.
The series of four ads appear in “The Wall Street Journal.” The ads carry bold titles and include a URL that directs readers to a landing page with more details about how brands can bring financial services to their large customer base to establish deeper, meaningful relationships with their existing customers.
KEYBANK ACQUIRES LEADING PAYMENTS INNOVATOR XUP
KeyBank National Association today announced that it has acquired XUP Payments, a B2B focused digital platform.
XUP’s technology enables simple, intuitive, client onboarding and servicing experiences. Its team of engineers has built integrations with processors, 3rd party risk tools, customer relationship management systems, and other fintech services, allowing banks to offer a more integrated and seamless payments experience. Key was an early investor in XUP, and this transaction follows a highly successful partnership between the two companies which transformed Key’s Merchant Payments capabilities, accelerating its top quartile volume growth.
CROSSFIRST BANK EXPANDS RESTAURANT FINANCE GROUP
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc., announced today that it will expand its restaurant finance group that will focus on building trusted relationships with established and high-growth restaurant chains. The Bank hired Bobby Oliver to lead the restaurant finance group as Executive Director, Restaurant Finance Group.
FISERV AND MX ENABLE SECURE CONSUMER FINANCIAL DATA ACCESS TO ACCELERATE FUTURE OF OPEN FINANCE
Fiserv, Inc. , a leading global provider of payments and financial services technology solutions, and MX, a financial data platform provider and a leader in modern connectivity, are accelerating the future of open finance through secure, reliable consumer financial data sharing. MX is the first company to access tokenized consumer data via AllData® Connect from Fiserv, to better enable a more secure way for consumers to share their financial data with their favorite apps or services.
OMAHA’S FINTECH ECOSYSTEM ATTRACTS SAN FRANCISCO-BASED COMPANY
The Greater Omaha Chamber welcomed Unison, a San Francisco-based fintech company, to downtown Omaha today. The move will bring hundreds of estimated jobs to Omaha, with the initial regional headquarters located in the Landmark building. The Greater Omaha region has become a lucrative destination for the finance and insurance industry, contributing $10.6 billion to Greater Omaha’s regional GDP in 2019 – 70 percent larger than the national average.
CHESSWOOD GROUP LIMITED TO ACQUIRE WAYPOINT INVESTMENT PARTNERS INC.
Chesswood Group Limited, a publicly traded North American specialty finance company, and Waypoint Investment Partners Inc., a Toronto based investment fund and private client investment manager, are pleased to announce that Chesswood and its wholly-owned subsidiary, Chesswood Capital Management Inc., have entered into a definitive agreement to acquire Waypoint.
MANULIFE FINANCIAL CORPORATION PRICES U.S. PUBLIC OFFERING OF SENIOR “GREEN” NOTES
Manulife Financial Corporation today announced that it has priced a public offering in the United States of U.S.$750 million aggregate principal amount of 3.703% senior notes due 2032 at a public offering price of 100.000%. The offering was made pursuant to a preliminary prospectus supplement, dated March 14, 2022, to the Company’s registration statement declared effective by the Securities and Exchange Commission on September 30, 2021.
HARGREAVES LANSDOWN SELECTS BOTTOMLINE TO FUTURE-PROOF PAYMENTS
Bottomline, a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced that UK-based Hargreaves Lansdown plc, the UK’s number one investment platform for private investors, has selected Bottomline PTX to support its ‘cloud-first’ payments strategy.
VISA COMPLETES ACQUISITION OF TINK
Visa today announced that it has completed the acquisition of Tink, an open banking platform that enables financial institutions, fintechs and merchants to create products and financial services and to transfer money. Through a single API, Tink enables its customers to make money transfers, access aggregated financial data, and use smart financial services such as risk intelligence and account verification. Tink is integrated with more than 3,400 banks and financial institutions, and concerns several million banking customers in Europe.
OAKTREE AND 17CAPITAL ANNOUNCE STRATEGIC PARTNERSHIP
Oaktree and 17Capital are pleased to announce an agreement for Oaktree to acquire a majority stake in 17Capital. 17Capital specializes in providing non-dilutive capital to high-quality private equity management companies, funds and institutional investors that are seeking to finance value creation and portfolio management initiatives. Oaktree is a leader among global investment managers specializing in alternative investments, including credit, private equity, real assets and listed equities.