NEWS
Featured News
Trending News
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.
TELSTRA COLLABORATES WITH EQUINIX TO DELIVER ENHANCED ACCESS AND NETWORK CONNECTIVITY TO MAJOR GLOBAL FINANCIAL EXCHANGES
Telstra, a leading global telecommunications and technology company, today announced it is collaborating with Equinix, the world’s digital infrastructure company™, to enhance the Telstra Octagon financial services solution and expand global access and direct connectivity between North America and eight of the world’s major futures and commodities exchanges.
Developed as a purpose-built solution for capital markets and fintech companies in North America, Telstra Octagon uses Telstra’s ultra-low latency global networks to support high-frequency trading activities. With Telstra’s financial trading solution available on Platform Equinix, Telstra can now offer financial organizations enhanced network connectivity, as well as access to Equinix data center, colocation and Equinix Fabric™ interconnection services adjacent to the exchanges.
PAYSAFE COMPLETES ACQUISITION OF VIAFINTECH
Paysafe , a leading specialised payments platform, today announced that it has completed its acquisition of market-leading German fintech company, viafintech. viafintech, known under the brand viacash, offers one of the largest bank-independent alternative payments infrastructures in Europe, allowing a popular alternative to the traditional banking system. For Paysafe, the investment allows it to expand in critical markets and position itself as the essential payments partner to challenger banks around the world.
ACCENTURE STRENGTHENS FINANCIAL SERVICES WITH BCS CONSULTING
Accenture, a multinational professional services company that specialises in IT services and consulting, has acquired BCS Consulting, a UK management consultancy that delivers complex business change for financial services firms.
Headquartered in London, BCS Consulting’s 250 strong team joins Accenture’s U.K. Financial Services Strategy and Consulting practice.
APOLLO FINTECH ROLLS OUT CROSS-BORDER PAYMENT NETWORK
Apollo Fintech on Wednesday (Oct. 27) announced its bank wire network, Knox Wire, will debut Jan. 15, 2022, and that registrations are now available for the platform, which can process same-day cross-border payments for almost 20,000 financial institutions around the world.
Knox Wire’s network can be used by central banks, commercial banks, credit unions, loan associations, investment companies, brokerage firms, insurance companies, mortgage companies and most other financial institutions to send payments down the block or around the world.
It can also be a regional real-time gross settlement system, according to the announcement.
Knox Wire uses bidirectional messaging and anti-money laundering technology to reduce the average international wire wait time of three to five days to as little as 2 seconds, according to the announcement. It integrates almost all mainstream banking systems, using API, and the company’s development team can help with integration and maintenance.
EDELMAN STRENGTHENS INTEGRATED FINANCIAL COMMUNICATIONS OFFERING IN CANADA WITH LAUNCH OF EDELMAN SMITHFIELD
Edelman announced today the launch of Edelman Smithfield in Canada, a dedicated financial and capital markets communications boutique agency within the larger firm. Edelman Smithfield in Canada offers Board and C-suite level communications expertise in mergers and acquisitions, bankruptcies and restructurings, corporate governance, asset management and private equity, as well as capital markets regulation and other special situations. Edelman has operated its financial and capital markets communications specialty as Edelman Smithfield in London, UK after acquiring Smithfield Consultants in 2015.
M1 FINANCE SELECTS THE TEMENOS BANKING CLOUD TO POWER ITS FINANCE SUPER APP™
Temenos , the banking software company, today announced that M1 Finance, the Finance Super App™, has selected The Temenos Banking Cloud. With Temenos, and through collaboration with a third-party bank, M1 will broaden its suite of financial services to include banking, starting with deposits and payments and eventually expanding into lending.
M1’s mission is to empower financial well-being by creating one of the world’s best platforms for long-term money management. The company has created a suite of financial tools enabling clients to Invest, Borrow and Spend. M1 takes the complexity out of investing, making wealth creation easy while promoting healthy financial habits. In July 2021, M1 completed a round of Series E funding that propelled it to unicorn status with a valuation of $1.45 billion.
FIDELITY BANK SELECTS TOTAL EXPERT TO EXPAND CUSTOMER RELATIONSHIPS THROUGH DATA-DRIVEN INSIGHTS
Total Expert, the customer experience platform purpose-built for modern financial institutions, today announced it has been selected by Fidelity Bank, one of the oldest and continually growing independent, local community banks serving customers in Central and Eastern Massachusetts.
Partnering with Total Expert, Fidelity Bank will bring CRM and marketing automation under one roof to empower front-line staff to make data-driven decisions and better serve customers. Fidelity Bank will leverage Total Expert to refine its customer engagement strategies aimed at helping consumers make well-informed and confident financial decisions.
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.
DNA PAYMENTS ACQUIRES UK CARD SPECIALIST CARD CUTTERS
Payments provider DNA Payments has acquired Card Cutters, a card acceptance specialist, as part of its strategy to grow in the U.K., the company announced in a news release Wednesday Based in the U.K. and Ireland, Card Cutters provides merchant services and payment technologies to small, independent retailers and larger multi-outlet businesses. London-based DNA says the acquisition will also include Card Cutters’ Global Card Solutions, which gives merchants a range of card machine technology and merchant support, as well as Card Cutters’ subsidiary in Ireland.