Temenos announced that Mbanq, one of the US’s leading Banking-as-a-Service (BaaS) providers, has expanded its relationship with Temenos to accelerate BaaS adoption in the US.’ This agreement deepens cooperation between the companies following the launch of a joint credit union providing services last year (affiliate). Temenos also made a small investment in Mbanq to enter
Amex Business Link, a new business-to-business (B2B) payments environment that network issuing and acquiring participants can provide to their business customers, was introduced by American Express. Amex Business Link facilitates domestic and international transactions while taking the card and non-card payments, making it simpler for buyers and suppliers of all sizes to manage payments. The
Positive news, yes? Actually, no. The percentage of after-tax income that consumers save personally is known as the personal savings rate. The increment’s 1% increase is an issue. Among 100 people, none spend. Because they may only purchase in certain quantities, they “save.” Their after-tax income that hasn’t been spent rises along with their income.
OneConnect Financial Technology Limited, a leading provider of technology services to financial institutions in China, announced today that it will change the proportion of American Depositary Shares (“ADS”) that represent equities. ordinary shares from one ADS representing three ordinary shares to one ADS representing thirty shares of common stock. The rate change will take effect
In 2016, Andrew Hoag, a former senior executive at Verisign and web project manager at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for businesses. Hoag’s idea is that the way companies spend their money is changing, especially as they embrace digital transformation, and visibility and control
The closure of a $12 million Series B capital raising was announced today by Strategic Risk Associates (SRA), a top supplier of comprehensive risk and performance management SaaS technology (WatchtowerTM) for the financial services and insurance industries. Along with longtime SRA client, Atlantic Union Bankshares Corporation and other existing investors, this round of funding were
InvestCloud, the global leader in financial digital transformation, today announced that Huntington National Bank has launched Advisor Connect, a branded digital experience based on Find My Advisor’s technology. InvestCloud. Huntington is a subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $179 billion regional bank holding company headquartered in Columbus, Ohio. Retirement savings, insurance worries, and
Account-based marketing (ABM) has gained traction in recent years, and according to LinkedIn, 84% of marketers say ABM helps maintain and grow existing relationships significantly. Ultimately, an organization implementing an ABM strategy must be able to understand each person behind an account, because that individual-level understanding is critical to executing with the surgical precision that
Honeywell has announced the release of Honeywell Smart Pay, a contactless software payment solution enabling the company’s powerful mobile to become secure and compliant payment terminals, accepting contactless mobile payments from anywhere a business sells or delivers goods and services. Honeywell Smart Pay gives sales associates and service workers the ability to complete on-site payments in
Companies in the financial sector can leverage artificial intelligence to analyze and manage data from multiple sources to provide valuable insights. These innovative results help banks overcome the challenges they face on a daily basis while providing day-to-day services such as loan management or payment processing. Let’s now look at some AI-driven FinTech innovation use
In today’s tough economic climate, it is certain that clients are looking for ways to minimize their costs whenever possible in the face of the increasing cost of living. Banks have a key role to play in supporting consumers and especially the most vulnerable who are struggling to pay for basic necessities like rent, energy
PayZen, the fintech company tackling healthcare affordability with personalized, no-cost patient financing solutions, has raised a $220 million growth round to strengthen its leadership position as it pioneers the new category of Affordability Financing. The round is composed of $20 million in equity financing and a $200 million credit facility. The oversubscribed equity component was
