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SoFi And PGIM Fixed Income Announce $525 Million Securitization Agreement, Signaling Continued Demand For Personal Loans

SoFi Technologies, Inc., a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced a $525 million personal loan securitization agreement closed in Q4 2024 with funds and accounts managed by

Friday, January 17, 2025 - 11:05
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/news/infrastructure/sofi-and-pgim-fixed-income-announce-525-million-securitization-agreement
Financial IT
Profile Software Introduces AI-Driven Solution For DORA Compliance

Profile, a leading global financial solutions provider, announces the development and release of a cutting-edge solution within its AI.Adaptive platform. This new offering is designed to assist banks and financial organisations in ensuring compliance with the DORA, the European Digital Operational Resilience Act framework.

Friday, January 17, 2025 - 10:57
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/news/compliance/profile-software-introduces-ai-driven-solution-dora-compliance
Financial IT
Global Insurtech BOXX Insurance Continues US Expansion Plans With Product And Distribution Management Leadership Hires

BOXX Insurance, a leading global cyber Insurtech, is excited to announce three new appointments to support its growth agenda in the US.

Friday, January 17, 2025 - 10:49
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Financial IT
iCapital® To Acquire Parallel Markets To Streamline Digital Identity, Investment Onboarding, And Compliance Verification

iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries, and 

Friday, January 17, 2025 - 10:34
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/news/digital-identity/icapitalr-acquire-parallel-markets-streamline-digital-identity-investment
Financial IT
PhotonPay Launches Google Pay Support For Mastercard Users In Hong Kong

Starting today, PhotonPay, a digital financial infrastructure, will support Google Pay, enabling cardholders to take advantage of simple and secure contactless payments and digital card storage on both Android devices and WearOS.

Friday, January 17, 2025 - 10:30
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/news/payments/photonpay-launches-google-pay-support-mastercard-users-hong-kong
Financial IT
Ecommpay Empowers Merchants To Tailor Payments Pages With Market-Leading Design Tool

Inclusive global payments platform, Ecommpay, has launched a new design tool enabling merchants to tailor the payment experience to maximise customer conversion. The new functionality allows for customisation of any part of a payment page layout as well as providing CSS and A/B testing for optimised performance.

Friday, January 17, 2025 - 10:26
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/news/payments/ecommpay-empowers-merchants-tailor-payments-pages-market-leading-design-tool
Financial IT
OnlineMastercard Move And Cairo Amman Bank Join Forces To Enable Convenient And Secure Cross-Border Payments In Jordan Payment Launched Under Joint Cooperation Between UnionPay International And KCB

 

In collaboration with Mastercard, Cairo Amman Bank will leverage Mastercard Move’s money movement capabilities to transform international money transfers for its customers in Jordan. 

The collaboration will advance financial inclusion and contribute to an even more accessible digital economy by facilitating the movement of funds from Jordan to 37 countries.

Friday, January 17, 2025 - 10:22
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/news/payments/onlinemastercard-move-and-cairo-amman-bank-join-forces-enable-convenient-and-secure
Financial IT
Columbia Insurance Group Modernizes Payments With One Inc
One Inc, the leading digital payments platform provider for the insurance industry, is pleased to announce Columbia Insurance Group (CIG), a mutual insurance company specializing in comprehensive property and casualty insurance for small and mid-size businesses, has selected One Inc’s best-in-class digital payments solutions PremiumPay® and ClaimsPay®, for both inbound and outbound payments. The integration will be deployed using Guidewire InsuranceSuite on Guidewire Cloud Platform.
 
Friday, January 17, 2025 - 08:48
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/news/payments/columbia-insurance-group-modernizes-payments-one-inc
Financial IT
PayPal Ventures Invests In Olé Life

Olé Life, a leading Latin American insurtech company, today announced that it has raised $13 million in Series B funding, led by PayPal Ventures with participation from Mundi Ventures, AV8 and Advent Morro. Olé Life is redefining how families access and experience financial protection with products that are easy to acquire and offer long-term stability. Olé plans to use the funding to accelerate its growth across Latin America by setting up local operations in key markets.

Friday, January 17, 2025 - 08:32
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/news/investment/paypal-ventures-invests-ole-life
Financial IT
TransUnion Announces Agreement To Acquire Majority Ownership Of The Consumer Credit Business Of Buró De Crédito

TransUnion has signed a definitive agreement to acquire majority ownership of Trans Union de Mexico, S.A., S.I.C., the consumer credit business of the largest credit bureau in Mexico, Buró de Crédito. TransUnion currently owns approximately 26% of Trans Union de Mexico, has held seats on its board of directors for over two decades, and serves as one of its technology providers. TransUnion has agreed to acquire an additional 68% from selling shareholders, including several of the largest banks operating in Mexico.

Friday, January 17, 2025 - 08:28
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/news/lending/transunion-announces-agreement-acquire-majority-ownership-consumer-credit-business-buro
Financial IT

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