Berkadia’s adoption of Rabbet’s platform is in line with its long-term commitment to investing in people and technology. With Rabbet, Berkadia FHA/HUD has doubled service capacity, improved processing time and developed information to better advise customers. “Rabbet is committed to providing the tools to service even the most complex areas of construction finance, including HUD
Global Screening Services (GSS) and Silent Eight have announced that following a competitive selection process, Silent Eight’s flagship AI technology will make punitive decisions on the GSS platform. By implementing Silent Eight’s (Iris) machine learning platform, GSS will evaluate false positives and detect real potential risks faster. The result will be a significant improvement in
Worldline, a global leader in payment services, announces the expansion of its partnership with ING Bank N.V., the international Dutch bank. Worldline will handle the issuance and processing of debit and credit cards for ING in select countries, based on signed agreements over a period of years. As part of the expanded agreement, ING is
Trustly, the global payments platform for account-to-account (A2A) digital transactions, today announced the close of its acquisition of UK-based Open Banking payments platform EcoSpend UK, after being approved by the FCA. Trustly and EcoSpend together become the leading Open Bank payments company in the UK, providing connectivity to over 80 banks and reaching around 50
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
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
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
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
Ongoing economic uncertainty and inflated valuations are having a dramatic impact on the fintech funding cycle. Last year’s numbers paint a bleak picture – according to CB Insights, fintech companies raised $20.4 billion in Q2 2022, almost half the amount raised in the quarter. 2 years in 2021. With fintech valuations and start-up capital plummeting
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
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
B2B payments firm Mondu today announced a $13 million Series A expansion round led by Valar Ventures in partnership with FinTech Collective. This new investment follows an impressive first year for Mondu, during which the company has grown rapidly, expanding into new markets and launching a variety of products that have made the financial lives
