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
Digital bank Zopa has raised £75 million in funding to drive its next phase of growth. Led by existing investors, the deal strengthens Bank Zopa’s unicorn position. This funding will be used to meet Zopa Bank’s growing balance sheet capital requirements and to support mergers and acquisitions that could begin as early as this quarter.
UK-based FinTech Group Stubben Edge (the Company) today announced that it has received an additional investment of £5.6 million. This round was again oversubscribed and well received by existing and new shareholders, giving the company a pre-fund valuation of £175 million and a 75% increase over the funding round. before. This further demonstrates investor confidence
Globaleye, an independent international wealth management consulting firm, today launched a new hybrid asset management solution that offers both hybrid and digital asset management advice. Globaleye 3.0 will fill the gap in the region for highly personalized and effective digital consulting. This innovative technology changes the way affluent clients interact with their wealth and financial
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
Truv has announced a partnership with Totem to enable automated direct deposit transfers through Truv’s authorized consumer data platform for all Totem customers. This partnership is one of many for Truv, where they are helping depository institutions take the direct deposit transfer process from days to seconds. In 2023, depository institutions will see a decrease
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
Apex Corporation, a global financial services provider, today announced its proposed acquisition of Bank of America Custodia Services (Ireland) Limited, the business of Bank of America’s depository in Ireland. Apex Group will acquire BACSIL through its subsidiary, the European Deposit Bank (“EDB”). BACSIL is an inbound and outbound fund custodian solution serving a multitude of
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
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
FinTech describes technology that drives innovation in financial services. It drives automation and enhances online business, giving consumers control and management of their accounts. Consumers and businesses can use FinTech every day through automated financial transactions and other technological breakthroughs. We’ll explore how FinTech is modernizing and revolutionizing corporate and consumer financing. What is financial
Momnt, a financial technology company that provides real-time lending and payment solutions to businesses as needed, announced a strategic partnership with Paradigm to launch Paradigm Finance, a platform Leading finance for home improvement contractors. Through this partnership, Paradigm Finance users now have the ability to provision and manage all aspects of point-of-sale financing directly within
