PowerPay Secures $400 Million Committed Multi-Lender Warehouse Facility Led by KeyBank
- 8 months 3 days ago
- Fundraising News
PowerPay, a prominent financial technology platform, is pleased to announce the successful closing of a $400 million committed warehouse facility. KeyBank led the transaction as part of a multi-bank syndicate. This strategic financial arrangement positions PowerPay to continue its remarkable growth trajectory, enabling expanded lending capacity to serve its consumers and channel partners nationwide.
Acquired.com Co-Funds New Independent Operator and Launches Game-Changing Solution to Accelerate the Adoption of Variable Recurring Payments Across the UK
- 8 months 3 days ago
- Banking
Acquired.com, the next generation payments business powering recurring commerce, today announces its participation as a founding member of a landmark industry initiative to fund the creation of a new independent operator dedicated to advancing Commercial Variable Recurring Payments (cVRPs), coordinated by Open Banking Limited.
ZestyAI’s AI-Powered Severe Convective Storm Risk Models Approved in Ohio
- 8 months 3 days ago
- Insurtech
ZestyAI, the leading provider of AI-powered risk analytics, today announced that its Severe Convective Storm suite, including Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Ohio Department of Insurance. With the addition of Ohio, ZestyAI’s Severe Convective Storm suite is now approved for use in 16 states, covering key high-risk markets across the Midwest, Great Plains, and South.
Affirm Announces Strategic Global Partnership With UATP
- 8 months 3 days ago
- Payments
Affirm, the payment network that empowers consumers and helps merchants drive growth, announced a new, long-term global partnership with UATP, a global network owned and operated by the world's airlines.
Capgemini Unveils Industry-First Perpetual KYC Sandbox for Real-Time Compliance
- 8 months 3 days ago
- Compliance
Capgemini today announced the rollout of a technology sandbox that offers financial institutions a sound framework to migrate from legacy, static Know-Your-Customer (KYC) processes and labor-intensive periodic reviews towards perpetual KYC (pKYC) and event-based reviews. A first of its kind, Capgemini has collaborated with multiple technology partners to orchestrate the integration of this architecture.
Stablecoin Payments Are Now Available on Apple Pay Through Mesh
- 8 months 4 days ago
- Payments
Mesh, the first truly global crypto payments network, today unveiled its Apple Pay integration live on stage at Token2049 during Co-Founder and CEO Bam Azizi's keynote address. This marks the first public demonstration of the new capability – available later in Q2 – that will enable merchants partnered with Mesh to accept crypto payments through Apple Pay without building their own crypto infrastructure.
iPipeline Launches E-Apply: A New Digital Application Option for Annuities
- 8 months 4 days ago
- Digital Identity
iPipeline®, a leading provider of comprehensive and integrated digital solutions for the life insurance, pensions, savings, and investment markets in the UK, has launched E-Apply, a new digital option for annuities within their Assureweb® portal. This innovation allows advisers to complete the entire annuity application process online for the first time, saving valuable time and resources.
Stripe Radar Now Protects ACH and SEPA Payments from Fraud
- 8 months 4 days ago
- Data Protection
Today, programmable financial services company Stripe announced an expansion of Radar, Stripe’s AI-powered fraud prevention product, for ACH and SEPA payments. Radar assesses more than 1,000 characteristics of a potential transaction in order to determine, in less than 100 milliseconds, the likelihood that it’s fraudulent. On average, Radar users see a 42% reduction in SEPA fraud and a 20% reduction in ACH fraud.
Clearwater Analytics Completes Acquisition of Beacon, Deepening Risk and Modeling Capabilities
- 8 months 4 days ago
- Management
Clearwater Analytics, the most comprehensive technology platform for investment management, today announced it has completed its acquisition of Beacon Platform Inc. (Beacon), a provider of enterprise risk analytics and developer infrastructure.
Rain and Visa Partner to Accelerate Onchain Credit Cards
- 8 months 4 days ago
- Cryptocurrencies
Rain, a global card issuing platform built for stablecoins, is helping usher in a new era of onchain finance through its work with Visa. Today, Rain announced it has joined Visa's pilot program for stablecoin settlement. Rain has fully tokenized its credit card receivables and has transitioned all settlement transactions for its Visa cards to USDC, to now be able to settle with Visa 7 days a week, 365 days a year.
Square Expands Banking Services to Give Sellers Better Control of Their Cash Flow
- 8 months 4 days ago
- Banking
Square announced new Square Banking tools that give sellers instant access to their cash flow and free, easier ways to manage their earnings. Today, business owners can conveniently sign up for a Square payments account and a free Square Checking¹ account in just minutes through one streamlined application—right on Square’s website and point of sale app.
Visa and Bridge Partner to Make Stablecoins Accessible for Everyday Purchases
- 8 months 4 days ago
- Cryptocurrencies
Stablecoins – once a technology confined to crypto communities – are making their way into headlines, dinner party conversations and soon, everyday transactions. Visa, a global leader in digital payments, and Bridge, a leading stablecoin orchestration platform and a Stripe company, today announced a new card-issuing product. Fintech developers using Bridge can now offer stablecoin-linked Visa cards to their end customers in multiple countries...
Persona Raises $200M at $2B Valuation to Build the Verified Identity Layer for an Agentic AI World
- 8 months 4 days ago
- Fundraising News
Persona, the leading verified identity platform, today announced a $200 million Series D funding round, bringing the company's valuation to $2 billion. The round was co-led by Founders Fund and Ribbit Capital, with participation from existing investors including BOND, Coatue, First Round Capital, and Index Ventures and Chemistry. AI, fraud, and fragmentation are redefining online identity
Gresham Announces Cloud Solution to Improve Data Quality for Investment Managers
- 8 months 4 days ago
- Cloud
Global leader in enterprise data automation for the financial services industry, Gresham, today announces a major enhancement to its reconciliation solution, Control for Investment Management, previously sold under the Electra brand.
Prosper and Ideas Community Launch Partnership to Transform Entrepreneurs' Personal Finances
- 8 months 4 days ago
- Infrastructure
Prosper, the zero-fee investment and savings platform, today announced a strategic partnership with Ideas Community, home of the UK StartUp Awards, to transform entrepreneurs' personal finances. The partnership launches with a survey of 900+ StartUp Awards 2024 finalists which reveals that while these entrepreneurs lead some of the UK's fastest-growing companies, 75% haven’t developed a more holistic approach to their wealth strategies that...
