Ant Group Launches Partnership on International Consumer Friendly Zones Program in China, Partnering With Global E-Wallets, Card Organizations
- 1 year 10 months ago
- Payments
Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International consumer-friendly zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments. Working with local merchants, tourism sites, and commercial districts, the Program aims to enhance international visitors' experience and...
Bond and Crown Agents Bank Launch New Partnership to Support INGO Connections With Financial Services
- 1 year 10 months ago
- Payments
Bond and Crown Agents Bank are pleased to announce a new partnership to deepen INGO’s knowledge and understanding of the support financial services offer in the timely, safe, and transparent delivery of funds into crisis.
AI Causes Cost Shift From Operations to Tech and Data; 63% of Decision-makers in Financial Services Firms Believe AI Will Increase the Cost of Data in Their Organization
- 1 year 10 months ago
- Artificial Intelligence
Nearly two-thirds (63%) of decision-makers employed by financial services firms said that AI would be likely to result in an increase in the cost of data within their organisation. This figure rises to 69% among firms in the UK; and 73% among asset owners more widely.
Inpay Continues Rapid Scaling, Announcing a 57 Percent EBITDA Growth in 2023
- 1 year 10 months ago
- Payments
Inpay, the Danish cross-border payments provider, has today announced strong annual results for 2023. Annual revenues increased by 23 percent to €60.1 million, up from €48.6 million in 2022. The business also saw strong growth in EBITDA, up 57 percent to €13.0 million in 2023, up from €8.3 in 2022.
Data-Driven Marine Insurance Sails Forward Following Cytora and TradeAtlas Team Up
- 1 year 10 months ago
- Insurtech
Cytora, the leading digital risk processing platform, has partnered with global trade data company TradeAtlas. The partnership will enable marine insurers to leverage a huge range of import and export information to make faster and more accurate risk decisions.
TotallyMoney Launches TotallySure for Loans — Putting Customers in Control With Pre-Approval, and Three Guarantees
- 1 year 10 months ago
- Lending
TotallyMoney has announced the rollout of the TotallySure for loans, helping customers avoid application rejection with pre-approval, while guaranteeing interest rates, loan amounts, and loan term:
FullCircl Announces Appointment of Georgio Anastasi as Chief Financial Officer
- 1 year 10 months ago
- People Moves
FullCircl, a SaaS platform that removes regulatory and verification roadblocks to drive revenue growth, today announced the appointment of Georgio Anastasi as Chief Financial Officer (CFO) - the last addition to the senior leadership team as the business moves from founder-led to C-suite-driven. Georgio succeeds Steve Blundell, who has moved into a non-executive role.
Full Authorisation from the Reserve Bank of India to Operate as a Payment Aggregator in India
- 1 year 10 months ago
- Payments
Boku, Inc. , a leading global provider of mobile payment solutions, is pleased to announce that its Indian entity, Boku Network Services IN Pvt. Ltd. ("Boku IN"), has received full authorisation from the Reserve Bank of India ("RBI") to operate as a Payment Aggregator. This follows Boku IN's in-principle authorisation as a PA-PG announced on 31 January 2023.
Global RegTech Software Consolidator Corlytics Receives Significant Investment Backing from Verdane to Continue Category Leadership
- 1 year 10 months ago
- Investment
Corlytics, the global leader in regulatory intelligence and policy compliance technology, has signed an investment from specialist growth investor Verdane for a majority equity stake in the company. Verdane was chosen as an investor with a proven track record of creating category leaders. Currently, Verdane has €6.9BN in committed capital scaling tech-enabled growth businesses.
dLocal and Papaya Global Forge Partnership to Support Complete Workforce Payments Globally
- 1 year 10 months ago
- Payments
dLocal, the leading cross-border payment platform, is proud to announce its strategic partnership with payroll and payments platform Papaya Global.
Kyriba Announces First of Its Kind Innovation with Onyx by J.P. Morgan and Expands Global Partner Ecosystem
- 1 year 10 months ago
- Cash management, Payments
Today, Kyriba, a global innovator in liquidity performance, announced a first-of-its-kind innovation with Onyx, J.P. Morgan’s blockchain business unit, to improve cash management, payments, and liquidity performance for CFOs and Treasurers.
New Oracle AI-powered Cloud Service Helps Banks Mitigate Anti-Money-Laundering Risks
- 1 year 10 months ago
- AML and KYC
With $5.05 trillion expected to be laundered this year alone, banks are struggling to keep up with the cost and complexity of compliance. To help address this massive challenge, Oracle Financial Services today introduced Oracle Financial Services Compliance Agent.
Verisk Pioneers New Approach to Catastrophe Risk with Release of Next Generation Models
- 1 year 10 months ago
- Insurtech
Verisk, a leading global data analytics and technology provider, has announced a monumental leap forward in global catastrophe modeling and risk analysis with the launch of Verisk's Next Generation Models (NGM). This suite of 100+ models will be implemented by insurers and reinsurers to evaluate risk across the globe with a new financial modeling framework designed to reflect anticipated insured losses from extreme events more accurately than...
Busey Bank Partners with CorServ to Implement a Modern Credit Card Program for Commercial Customers
- 1 year 10 months ago
- Payments
CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Busey Bank ($12.5 billion in assets) to launch a modern credit card program for their commercial customers.
TerraPay Receives MPI License from the MAS
- 1 year 10 months ago
- Payments
TerraPay, a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS) — a significant milestone solidifying TerraPay's position as a cross-border payments powerhouse. TerraPay now has 11 licenses and 19 regulatory approvals in 30 markets, globally.
