19/09 – Weekly Fintech Recap

  • Artificial Intelligence , Blockchain , Insurtech , Payments , Banking , IT Innovations , M&A Deals , People Moves
  • 19.09.2022 09:00 am


Nutanix Offers A Stepping Stone To the Cloud at Crown Hosting Data Centres

Nutanix has announced a partnership with Trust Systems and Crown Hosting Data Centres to deliver against Crown Hosting’s Shared Hybrid Initiative with a new service for public service customers wanting to migrate to the cloud on their own terms. As in the commercial sector, public service bodies are increasingly turning to the cloud to deliver digital transformation, not only securely, but affordably and at least cost to the environment.

Modern Treasury and Goldman Sachs Partner to Provide Integrated Software and Payments to Corporate Customers

Modern Treasury, a software platform that helps companies modernize money movement, and Goldman Sachs Transaction Banking (TxB) announced a partnership to accelerate the shift to embedded payments, helping joint customers seamlessly embed and scale domestic and international payments into their products to drive growth. Modern Treasury's Payment Operations software platform will give mutual clients with an integrated money movement solution. 

SanKash Partners with EarlySalary and Finzy to Provide Travel Now Pay Later (TNPL) Option to Indian Travelers

SanKash, the fastest-growing AI-powered platform that aggregates BNPL & consumer financing providers, partnered with EarlySalary and Finzy to offer Travel Now Pay Later (TNPL) solutions to Indian travellers. This move streamlines booking and avoids upfront costs for months-ahead excursions. SanKash allows BNPL/consumer financing providers integrate into its 6000+ retailers' base network, collecting $20 billion in transaction value using a single pay later button.

Broadridge Partners with Coinbase on Integrated Trading Solution

Bringing liquidity and greater access to crypto trading, global Fintech leader, Broadridge Financial Solutions, Inc., announced a partnership with Coinbase, offering interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions’ NYFIX order-routing network. Coinbase Prime is a comprehensive solution that provides an advanced trading platform, secure custody, and prime services to manage crypto assets in one place.

NeteraPay Partners With Nordigen To Streamline Customer Authentication Processes

NeteraPay has joined forces with freemium open banking provider Nordigen to enhance their Know Your Customer (KYC) procedures. NeteraPay is a Czech licensed payment service provider and electronic money issuer with over 10 years of experience in the financial industry. The company manages fintech companies' payment accounts, e-wallet payments, mobile operator payments, and receiving and sending wire transfers. Their products enable fast, safe internet payments.

Linedata Partners with Liquid Mercury for Crypto Market Access

Linedata, a global provider of asset management and credit technology, data, and services,  announced it is providing global buy-side asset managers with institutional-grade access to crypto and digital asset order execution. This is made possible through a new collaboration with Liquid Mercury, a leading digital asset and cryptocurrency trading technology provider, via Liquid Mercury’s order execution management system.

Flywire Partners with Universitas XXI to Deliver Integrated Payment Solution to Higher Education Institutions in Spain and

Flywire Corporation (Flywire) (Nasdaq: FLYW) a global payments enablement and software company, announced the availability of its integration with Universitas XXI, a university management system focused on servicing higher education customers throughout Spain and Latin America. Universitas XXI will integrate Flywire's digital education payments technology into its student information system to accommodate international and local payment flows.

Jeton Partners Sumsub to Provide Smooth Customer Onboarding

Jeton has partnered with Sumsub to create a better onboarding experience for its 1M+ users across 100 countries. Sumsub, a global tech company with 5 international offices, helps businesses easily verify users and steer clear of fraud while ensuring full compliance with shifting regulations. UK-based Jeton Wallet processes payments. Jeton users can deposit and withdraw funds using country-specific payment methods and 50 currencies. Jeton also enables merchants to accept local payments.

Mastercard Enters Partnership with Copenhagen Fintech to Empower and Strengthen Collaboration with the Nordic

Copenhagen has a strong fintech ecosystem and a leading position among fintech hubs globally. The hub connects both start-ups, established companies and organizations focusing on innovation and new opportunities. Mastercard is committed to empowering the growing fintech community through collaborationwith Copenhagen Fintech, a fintech start-up based in Copenhagen, Denmark. Over the past few years, Mastercard has strengthened its presence in Denmark.

Future FinTech Group Partners Currencycloud for Remittance App

Future FinTech Group Inc., a blockchain application technology developer and fintech service provider, announced that Future FinTech Labs ("FTFT Labs"), a wholly subsidiary of the Company, has teamed up with CurrencyCloud, a subsidiary of Visa and a global payment platform registered with FinCen and licensed for money transmission in various states in the US, to launch the remittance app Tempo to offer US-based immigrants and others a streamlined, secure and cypherptocurrency.

Tuum Partners with Salt Edge to Deliver a Full Spectrum of Open Banking Solutions

Tuum, an Estonian-born next-generation core banking platform, has partnered with Salt Edge, a leader in open banking solutions, to help financial services providers from all over Europe to leverage the full spectrum of open banking features – fast and secure. As technological advancements make headway, it is becoming more evident that today’s digital booming bandwagon is leaving fintechs and financial institutions with only two choices: join or get left behind.

Marqeta Teams Up with Bread Financial

Bread Financial, a tech-forward financial services firm that provides simple, tailored payment, lending, and saving options, has chosen Marqeta to enhance the in-store checkout experience for Bread PayTM shoppers. Bread Financial, which allows shoppers more options to pay in their preferred channel, will introduce the Bread PayTM One-Time Use Card using Marqeta's technology.

CalCPA Partners with Anchor to bring Autonomous Billing & Collections to the Entire Accounting Industry

Anchor, the autonomous B2B billing & collections platform, partners with the California Society of Certified Public Accountants (CalCPA) to bring its platform to the largest statewide professional association of CPAs in the U.S. Through the partnership, Anchor provides CalCPA members exclusive pricing and discounts as well as dedicated staff to support our members to access its end-to-end billing & collections automation platform, which eliminates late payments, revenue leakage, manual work, and high operational costs.

PATRONAS Financial Systems Collaborates with Temenos Multifonds

Temenos announces the collaboration between Temenos Multifonds and PATRONAS Financial Systems, a leading provider of advanced software for the European investment industry. The collaboration offers asset managers an integrated ‘best of breed’ front to back-office solution by utilising PATRONAS’ cutting-edge front and middle-office solution for portfolio, order, and trade management and Temenos Multifonds’ renowned innovative back-office solutions for automated NAV calculation, portfolio/fund accounting and NAV oversight.

CaixaBank Becomes the Only European Bank Selected by the ECB to Collaborate in Prototyping the Digital Euro

The European Central Bank (ECB) has selected CaixaBank and four other organisations to collaborate in the development a prototype of a digital euro. The institution launched a call with the aim of selecting entities to develop technology projects associated with the creation of the European digital currency. CaixaBank, the only European bank selected for the project and will be responsible for producing a prototype for peer-to-peer (P2P) online payments using the digital euro.

Robinsons Bank Selects BPC for Digital Adoption Across Philippines

Robinsons Bank (RBank), owned by JG Summit Holdings, Inc., one of the Philippines' largest and most diversified conglomerates, announced that it has chosen BPC as its solution partner to co-innovate, to drive financial inclusion and digital adoption across the nation. Using BPC’s SmartVista Platform, RBank will be able to bring new products to customers in a highly efficient and cost-effective manner.



Private Markets Access Platform Launches at IPEM

Private Markets Alpha (PM Alpha), a firm dedicated to increasing access to private markets for the global wealth management sector, will introduce its new platform at the IPEM industry conference on September 20. The platform combines services and solutions from carefully selected third-party suppliers to create a one-stop-shop for wealth managers who may not have dealt with private markets before or who lack the resources and skills to do so systematically.

OneSpan Launches Virtual Room Enabling Secure Face-to-Face Transactions

OneSpan, the digital agreements security company, announced the general availability of its secure Virtual Room cloud service which enables organisations to deliver live, high-touch assistance to their customers in a high-assurance virtual environment. This next-generation customer engagement solution combines identity security, authentication, and e-signature solutions from the OneSpan portfolio with a high-assurance virtual experience.

XBO.com Launches its Normie-Proof Crypto Exchange, Securing Licenses in Australia and Poland

XBO.com, the cryptocurrency exchange making the benefits of crypto more accessible to everyone, launchesits platform that merges gaming-inspired UI and top security solutions to offer traders a user-friendly and reliable alternative to existing exchange platforms. Following XBO.com’s pre-launch, where early registrants could earn special rewards and account privileges, the exchange platform is ready for use by any and all crypto users.

Kyriba Launches AI-Driven Cash Management

Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, announced the launch of Cash Management AI, a new solution based on Artificial Intelligence, which uses data science technologies to predict cash availability with increased speed, control and reliability. It helps cash management and forecasting. It will increase confidence and precision in financing investments, a priority for treasurers given rising interest rates and market volatility.

Deel Announces Two Major Product Launches - Deel Shield, Removing Misclassification Risks, and Deel API

Deel, the leading global payroll and compliance solution, announced two major launches – Deel Shield and Deel API/the Deel Partner Program. Deel Shield offers businesses the most secure level of contractor compliance, allowing them to unlock global hiring with zero misclassification risks and liability. Deel API lets enterprises and developers supercharge and globalise their HR products with Deel's hiring software.

Zaggle Launches Zoyer to Modernise Business Payments for Enterprises and SMEs

Zaggle, India’s leading B2B2C SaaS FinTech providing integrated card products bundled with SaaS-based business spend offerings, announced the launch of Zoyer to simplify and automate business-to-business payments for Enterprises and SMEs.  Zoyer unites accounts payable and credit card payments onto a single platform to enable enterprises to streamline business-to-business payables for effectively managing operating cash flows and maximizing business performance.

Teslar Software Launches Indirect Lending Solution

Teslar Software announced the launch of its indirect lending solution, which empowers community financial institutions to offer indirect lending services to local businesses and consumers in a way that’s quick, efficient and digitally optimized. Joe Ehrhardt, CEO and founder of Teslar Software, demoed the solution Monday at FinovateFall in New York. Teslar Software is helping community institutions fill the gap that currently exists for medium-sized purchases with its indirect lending solution.

Broadway Introduces Trading Support for Eris BSBY Swap Futures

Broadway, a leading provider of high-performance front-office solutions, announced support for trading Eris BSBY Swap Futures within Broadway’s flagship suite of fully hosted SaaS trading solutions. Offered by CME Group, Eris BSBY Swap Futures (Eris BSBY) allow market participants to forecast and hedge rates on the 3-month Bloomberg Short-Term Bank Yield Index (BSBY). The feature is currently live and available to all Broadway customers.

PayQuicker Launches Payouts OS, New Global Payouts-as-a-Service Platform

PayQuicker, an innovative financial technology leader in the global payouts market, announces the launch of Payouts OS. Payouts OS packages PayQuicker’s trusted, time-tested technology into a first-in-market payouts-as-a-service platform that meets the needs of gig economy workers and small to medium-sized businesses across a diverse set of industries including clinical trials, insurance, gaming, marketplaces, and more.

Multi-country Consortium Comes Together to Launch Pan-European Payments Pilot for EU Digital ID Wallet

A new multi-country consortium of Europe’s most trusted identity experts announced its proposal to deliver a large-scale, cross-border payments pilot strongly aligned with the aims of the European Commission’s EU digital identity wallet program. The NOBID-led partnership includes Denmark, Germany, Iceland, Italy, Latvia, and Norway (Nordic-Baltic eID Project). The consortium's plan will implement the EU's most popular wallet-payment use case.

Hearth Launches Cash-Back Banking That Helps Home Improvement Businesses Get Paid Faster

Hearth, a software platform for home improvement professionals, announced that it has launched a new financial services product, Hearth Banking. Hearth Banking is the first cash-back banking account designed specifically to help home improvement businesses get paid faster.  Used in combination with Hearth's digital invoicing and payments tools, Hearth Banking helps businesses access and spend money from ACH transactions in just one business day and credit and debit card transactions in just two business days—compared to four to seven days with other banking accounts.

Payhawk Opens New York Office and Launches US Credit Card

Payhawk, the spend management solution with a presence across the UK and Europe, officially launches in the US today. The unicorn has opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and the US. The US launch is a key part of Payhawk’s expansion strategy, following a record year of growth that has seen its revenue grow 524%, and its employee headcount grows 250%, year to date.

NEAR Launches Web3 Regional Hub in India for Blockchain Talent Development and Innovation

NEAR Foundation, the Swiss non-profit that oversees the governance and development of the NEAR protocol, announced the launch of a regional hub in India dedicated to blockchain talent development and innovation. The hub marks a strong commitment from NEAR to invest in India - a country that is home to some of the world’s most talented and coveted developers and Web3 creators.

Adyen First to Launch Real-time Account Updater with Visa in Europe

Adyen, the global financial technology platform of choice for leading businesses, announced the expansion of Real-Time Visa Account Updater (VAU) to Europe. As the first platform to offer Real Time VAU coverage in Europe with Visa, Adyen will help its customers increase revenue and authorization rates from card-on-file payments by automatically updating Visa accounts in real-time. This in turn prevents involuntary churn and since Adyen automatically connects to the schemes account updater services, there is no integration.

CyberloQ Launches Unique Proprietary MFA Technology in Collaboration with Banking Orchestration Platform, Pannovate 

CyberloQ Technologies, Inc., a cyber-security technology company, announced a strategic collaboration for its proprietary MFA technology with Pannovate’s Banking Orchestration Platform. Pannovate is an award-winning Banking-as-a-Service and orchestration layer that helps banks, fintechs, and enterprises grow and offer seamless digital and embedded finance experiences. Global innovators, digital banks, and startups.


Merger & Acquisition

Bright Data to Launch Bright Insights with the Acquisition of Market Beyond

Bright Data, the industry-leading web data platform, announced the acquisition of eCommerce insights provider Market Beyond. With this acquisition, Bright Data adds digital shelf analytics to its already comprehensive data offerings, introducing its new division – Bright Insights. Market Beyond's staff will join Bright Data's 400+-person team to lead Bright Insights. Bright Insights will be rolled out to enterprise retail customers, with plans to expand to other areas.

J.P. Morgan to Acquire Renovite Technologies

J.P. Morgan announces that it has signed an agreement to acquire Renovite Technologies, Inc., a leading cloud-native payments technology company. The acquisition of Renovite will help J.P. Morgan Payments construct its next-generation merchant acquiring platform and assist its migration to the cloud. Renovite will become part of J.P. Morgan Payments, which combines corporate treasury services, trade finance, and card and merchant services to offer clients an integrated payments experience.

Google Completes Acquisition of Mandiant

Google LLC today announced the completion of its acquisition of Mandiant, Inc., a recognized leader in dynamic cyber defence, threat intelligence and incident response services. Mandiant will join Google Cloud and retain the Mandiant brand. Google and Mandiant share a long commitment to industry-leading security. Over the past two decades, Google has innovated to build some of the most secure computing systems in the world.


Job Moves

LPA Promotes Maria Weege to Head of Marketing

LPA, the capital markets software and advisory firm, announced that it has appointed Maria Weege as its Head of Marketing, a year after she joined the company as Digital Marketing Lead. Mrs. Weege will assist roll out LPA's international brand to institutional capital markets clients and present the firm as a disruptive enterprise accelerating the transformation of capital markets through technology.

Shieldpay Announces Andrew Hawkins as Chief Technology and Product Officer

Shieldpay, the market leader in secure digital payments, announced the appointment of Andrew Hawkins as Chief Technology and Product Officer. Andrew will be evolving Shieldpay’s product and technology function to deliver solutions securing the world’s complex B2B payments in his leadership position. Andrew has 25 years of IT experience, including 7 years at Microsoft, HBSC, and Zopa.

Bluechain Appoints Tim Annis as UK Managing Director

Bluechain, the fast-growing fintech startup business that transforms the traditional payments and receivables process, announced the appointment of Tim Annis as UK Managing Director. This appointment is the next step for Tim at Bluechain, as he previously held the role of UK Head of Sales since March 2020. Tim has over 20 years of experience in the payments and tech industries, having worked at American Express (AMEX), Tradeshift, and most recently as Bluechain's Head of Sales.

Wombat Appoints Jeremy Larsson as Chief Revenue Officer and Head of Partnerships

Micro-investing platform Wombat has appointed Jeremy Larsson as Chief Revenue Officer and Head of Partnerships as the business seeks to accelerate its growth plans following the close of its Series A funding round in August. Jeremy has a wealth of experience launching product and service propositions for leading incumbent banks and finTechs globally including CurrencyFair, John Lewis Finance, Barclays, SunLife, Telegraph Financial Services and Royal Bank of Scotland Group.

DKK Partners Appoints Bovill as Global Compliance Partner

DKK Partners, a leading fintech company, which specialises in emerging markets (EM) foreign exchange (FX) liquidity, has appointed Bovill, the financial services regulatory consultancy, as its global compliance partner.Bovill will work with DKK to ensure all processes and operations meet all the appropriate compliance requirements. In addition, Bovill will provide advice and recommendations around regulatory matters, both in the UK and on a global scale.

VizyPay Promotes Three Powerhouse Women to Directorial Roles

VizyPay, an award-winning payment processor that saves small businesses money, has promoted experienced and motivated women to its executive team. Elizabeth Rucker, Olivia Hall, and Shannon McCann started with VizyPay as sales partner recruiters and distinguished themselves through hard work and leadership. VizyPay offers resources and support to enable each woman conquer hurdles and establish her career in less than three years. VizyPay is promoting diversity and equality in the payments and financial technology industries by empowering Rucker, Hall, and McCann.

Genesis Global Names Chief Human Resources Officer

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced Marina Kilcline as Chief Human Resources Officer.  Kilcline reports to CEO, Stephen Murphy. She brings to Genesis more than 20 years of experience in optimizing organizational design, enhancing employee engagement and creating performance-based cultures at leading companies including RICS, Avis Budget Group, ZipCar, GSK and Nestle. 

Objectway Appoints Hassan Suffyan as Managing Director for the UK Region

Objectway, a global top 100 banking, wealth & asset management software provider, has announced the appointment of Hassan Suffyan as Managing Director of Objectway for the UK region. Hassan joins Objectway Group's executive team to drive UK and Ireland expansion. His skills will help the Group digitally equip wealth managers, private banks, and asset managers. Hassan will also execute strategic development projects across the Group.

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