xpate Becomes a Principal Member of Mastercard
- 4 years 10 months ago
- Payments
xpate, the payments platform that prioritises simplicity, speed and user experience, has announced the start of a strategic partnership with Mastercard to further enhance its innovative payments services as a principal Mastercard participant. As a principal member, xpate will work directly with Mastercard to enhance its xpate Stacks platform, offer its innovative solution to new clients, bolster its merchant acquiring portfolio, and take...
PayPal Is The Largest Non-bank Lender With Over $54B In Total Assets
- 4 years 10 months ago
- Covid-19, Lending
Non-bank lenders have become a popular alternative to traditional banks when it comes to acquiring loans. According to data presented by TradingPlatforms.com, PayPal is the largest non-bank lender in the world with $54.27B in total assets.
PayPoint Helps Family Fund Business Services Meet Soaring Need for Cash Pay Outs During Pandemic
- 4 years 10 months ago
- Covid-19, Payments
Family Fund Business Services has met its ambition to deliver digital payment services to its local authority clients, with the help of PayPoint and its innovative cash voucher solution, Cash Out. Over £7.5 million of much needed cash was quickly and easily released to local authorities and their beneficiaries during 2020, as a result of the collaboration between the two organisations.
The Era of Non-Bankable Asset Management Starts Now, Finds Avaloq’s Latest Industry Report
- 4 years 10 months ago
- Asset Management
Despite non-bankable assets (nBAs) accounting for around one third of global private wealth, they often come with high entry barriers for investors. However, this is forecast to change significantly over the next few years as innovative technologies and solutions allow financial institutions to value, hold and issue nBAs in the form of tokenized assets, alongside traditional ones such as stocks and bonds.
Objectway Recognised by Celent Among the Leaders in Wealth Management Solutions in North America
- 4 years 10 months ago
- Cloud
Objectway, a leader in the Digital Wealth & Asset Management software, was mentioned as a distinguished vendor in the February report Front-to-Middle office Platforms: North American Wealth Management Edition 2021 by Celent.
Surecomp Marketplace Facilitates Fraud Prevention with Document Forgery Detection Partner Gradiant
- 4 years 10 months ago
- Banking
Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced the addition of document forgery detection solution Valida by Gradiant to its Marketplace platform. The latest fintech partner to join the company’s trade finance ecosystem platform is a key prevention tool in the fight against fraud.
Spectrum Markets Hits Two Million Trades
- 4 years 10 months ago
- Banking, Security
Spectrum Markets, the pan-European trading venue for securitised derivatives, announced it has now executed more than two million trades, representing a total volume of 585 million securitised derivatives traded. This major milestone comes less than 18 months after it first launched, with Spectrum’s 24/5 trading hours continuing to prove particularly popular.
EPA Releases New Insight to Explore How Fintech Can Tackle Financial Exclusion
- 4 years 10 months ago
- Payments
The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, has today published a new paper that shows the serious problem of financial exclusion in the UK and how innovation in Fintech can allow people to access affordable credit. This comes at a time when over 10 million adults in the UK cannot access affordable credit, often because of low credit scores or badly designed credit products.
Paysend Announces Global Partnership with Mastercard
- 4 years 10 months ago
- Payments
Global FinTech Paysend today announced a strategic partnership with Mastercard starting in the UK and EEA, which will be mutually beneficial as it will boost Paysend’s global reach and enhance both businesses’ customer base. Paysend is proud to be acknowledged a global partner for Mastercard in the definition of a new horizon for money transactions worldwide.
Razorpay Announces its Third and Largest ESOP Sale of $10 Mn for 750 Current, Former Employees, Irrespective of Ranks
- 4 years 10 months ago
- Payments
One of the recently crowned FinTech unicorns, Razorpay announced its third ESOP (Employee Stock Ownership Plan) Buyback program worth $10Mn (INR 73 Crore) for its 750 employees. All existing and former employees of Razorpay who hold vested stocks will be eligible to sell up to 33% of their vested ESOP shares. Sequoia Capital India and GIC, two of Razorpay’s key investors will be the buyers involved in this development.
Atom Bank and Credit Kudos Partner to Help Small Businesses Bounce Back
- 4 years 10 months ago
- Lending, Banking, Data
Atom bank is partnering with fintech Credit Kudos to further enhance its open data capabilities for business loan affordability assessments and deliver £1bn in lending over the next two years.
Wombat and TrueLayer Collaborate to Deliver Instant Investment Account Funding
- 4 years 10 months ago
- Investment, Banking
TrueLayer, the leading technology company building financial infrastructure that’s open to everyone today announced a new partnership with Wombat, the award-winning savings and investment platform. Using TrueLayer’s Payments API, Wombat is now providing its customers with the ability to instantly deposit funds into their investment accounts. After just one week of launch, 82% of Wombat’s one-off deposits are now being routed through TrueLayer.
Citadele Prepares for Growth by Investing in Flexible Infrastructure Provided by the Cloud-Based nCino Bank Operating System®
- 4 years 10 months ago
- Lending, Banking, Cloud
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Citadele Bank, the second largest bank in Latvia by assets, will adopt the nCino Bank Operating System to help modernise its Corporate lending business i
TruSight Announces Completion of Symphony Communication Services Assessment
- 4 years 10 months ago
- Compliance
TruSight, the financial industry’s leading provider of third-party risk data, today announced that it has completed a comprehensive risk assessment of Symphony Communication Services, the secure and compliant collaboration platform that has become a key technology infrastructure provider for financial services firms around the world. Symphony’s federated technology was created to enable secure collaborati
Settld Partners with Leading Identity Verification Service Onfido
- 4 years 10 months ago
- Digital Identity
Settld, the end-of-life admin service, has teamed up with global identity verification and authentication provider, Onfido, for a secure and simplified user verification process.
