Published

  • 03:00 am

Today the Swiss fintech startup keycount announces its partnership with the European open banking leader, Aiia - a Mastercard company.

With access to the capabilities of open banking keycount is set to bring its users a one-stop-shop of liquidity management - a platform set to be launched in the German market during 2022.

The partnership is set to complement keycounts’ wealth aggregation solution. With the partnership keycount is going to be the first provider in Germany to build a fully interoperable platform making it possible for consumers to gather all financial accounts and assets in one interface.

Aiia is going to provide an essential building block for keycounts success, ensuring the seamless and instant connection to all banks in Germany and further European markets.

Commenting on the partnership, CEO & Co-Founder of keycount, Arman Öztürk says:

“We’re delighted to sign this agreement with Aiia, which will allow us to build out our platform and remove hassle from liquidity management for our users. From the very first second the Aiia team gave us a good feeling and showed us their strong commitment to help startups. With a good understanding of our mission we’re happy to take our next steps with Aiia as a vital partner in our further product development plans”

Commenting on the partnership, SMB & Fintech Director of Aiia, Tanya Slavova says:

“We’re thrilled to be a part of yet another brilliant fintech ride and we’re looking forward to seeing the keycount platform grow in the German market in the near future. With the access to Aiia we’ll bring the keycount journey up to speed and help them increase customer convenience through open banking making it possible to become a go-to financial super app.”

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  • 04:00 am
Collaboration will expand JCB's presence in Southeast Asia and act as a bridge for Soft Space to link Japanese consumers with the region and vice versa

The world's leading fintech player, Soft Space Sdn. Bhd. ("Soft Space"), has announced a new strategic partnership with Japan's only international payment brand, JCB Co. Ltd. ("JCB").

This strategic partnership is the first of its kind in Malaysia for the payment giant and involves a combination of US$5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space's fintech-as-a-service business model, technology and regulatory knowhow, and JCB's global recognition, vast alliances and brand reach.

This is part of the first tranche of funding on the horizon for Soft Space with other investments to follow in the future. The partnership also demonstrates the confidence JCB has in Soft Space's management, technology portfolio and execution strategy in today's highly competitive fintech industry.

JCB owns and operates one of the largest payment schemes in Japan supporting about 37 million merchants and 140 million cardmembers around the world, by capitalising on Asia's economic growth. Backed by these assets, JCB has a vision to become "Asia's leading payment brand" and will expand the brand globally by leveraging its strength in Asia - especially in Southeast Asia ("SEA") - to become a competitive brand preferred by Japanese and international cardmembers.

To this end, JCB has targeted SEA as a strategic business enhancement region and has established its ASEAN Business Enhancement and Creation Department in Singapore last June to seek business opportunities within the region. This will serve as a template for further strategic alliances and investments within the region.

The strategic partnership with Soft Space also aims to harness synergies between the two parties and includes the expansion of JCB's merchant network, the establishment of card issuing solutions, and the provision of customer marketing solutions.

Other collaborative areas include, but not limited to, enhanced merchant acceptance, mobility-as-a-service (MaaS) and transit; payment gateways; cards-as-a-service (CaaS); white label services, API platform services and technical support services.

Both Soft Space and JCB are committed to accelerating cashless payment both in Malaysia and SEA by utilising competitive and advanced fintech technologies, thereby establishing a link between Japanese consumers to SEA.

"I am honoured to announce this investment and collaboration agreement. I believe this is not just an investment, but the first step towards realising the boundless possibility with Soft Space," said Yoshiki Kaneko, President & COO of JCB International Co. Ltd. "We are capitalising on this opportunity to expand and secure our business in SEA by utilising Soft Space's cutting-edge technology and robust network with the financial institutions. We are confident that this collaboration will go beyond Malaysia and expand across the globe."

"We are humbled by this investment by JCB," said Joel Tay, Chief Executive Officer of Soft Space. "Being JCB's first investee in Malaysia assures us that we are on track to develop financial solutions that will fortify payment acceptance between Japan and SEA, and benefit both regions when borders open up again. This bridge between our regions will also serve as a roadmap for us to enter other regions globally in the future."

Today, Soft Space has an expansive range of product offerings that span white-label e-wallet solutions to its flagship Tap to Phone technology, which is the world's first SoftPOS solution to support secure PIN entry. The solution has received endorsements from major card schemes such as Visa, UnionPay International, Mastercard and Malaysia's MyDebit, and has been deployed in some of the largest financial service institutions and corporate enterprises in the Middle East, North America, Europe, and Asia Pacific.

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  • 02:00 am

Ideal, the decision intelligence firm, is now offering its powerful performance analytics and supervisory risk management solutions to clients trading within ION-owned Barracuda FX’s secure environment. The partnership between Ideal and Barracuda FX provides clients with turnkey access to industry-leading analytics and actionable insights.

The Ideal Flow solution brings an unprecedented level of insight to FX trading. Ideal Flow offers independent TCA reporting, client and counterparty analysis, liquidity management, and more in one unified interface. In addition to best execution reporting, Ideal Flow provides powerful visualizations and analysis of counterparty behavior—both over time and by the millisecond—flagging potential issues to investigate and informing client tiering and flow decisions.

The Ideal Control solution streamlines trade supervision for first-line risk management teams, helping to foster more ethical trading behavior. Particularly relevant for senior managers complying with SMCR, Ideal Control provides independent validation and evidence of ethical decision-making, greatly mitigating operational, reputational, and regulatory risks. Ideal Control operationalizes trading best practices and principles-based regulation as quantifiable checks, curated alerts, and clear action steps—automating workflows and building a defensible audit trail over time.

“The highly specialized analytics powering Ideal solutions reflect our team’s firsthand experience leading trading desks and quant groups for over two decades in-house, within FX, fixed income, and other asset classes,” remarked Ideal CEO John Crouch. “Our in-depth understanding of FX-specific dynamics and workflows translates to user-friendly interfaces with intelligent curation built-in.”

Crouch continued, “Ideal Flow and Ideal Control analyze the same pool of FX trading data through two different lenses, illuminating how traders can optimize their performance and helping supervisory risk managers adhere to the FX Global Code and MiFID MAR code of conduct principles. We’re excited to bring these decision intelligence solutions to Barracuda FX clients.”

Barracuda FX Chief Technology Officer Joshua Walsky added, “Barracuda FX has a long history of offering market-leading products across the front office for banks, brokers, and other financial institutions trading in FX. Our flagship OMS and solutions for trading, execution, pricing, and distribution provide our clients with modular, end-to-end solutions for their FX trading needs. We are pleased to offer the complementary capabilities of Ideal solutions within our secure environment. Barracuda FX clients can get up and running with Ideal Flow and Ideal Control almost instantly.”

The combined capabilities of Barracuda FX and Ideal help firms trading in FX optimize their performance.

 
 

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  • 06:00 am
  • Strengthens management team to bolster growth and M&A
  • Wealth of international experience as finance expert
  • Dynamic, innovative approach to CFO role

SERgroup Holding International GmbH has appointed Holger Kliebe as the new Chief Financial Officer (CFO) and Member of the Management Board. SER is a leading software vendor of enterprise content management solutions for intelligent information management.

SER is pleased to welcome Holger Kliebe, a finance expert with a wealth of international experience, as the new CFO. In his new role, he will be responsible for the areas of Finance, Controlling, Legal, Facilities, Order Processing and Administration.

“SER is known for its outstanding digital solutions in intelligent content and process automation — and its market and growth potential is enormous. I aim to hone and utilize this potential together with the Board. Given SER’s upward growth trajectory, the office of the CFO is crucial. We will be focusing even more on increasing value for our customers, which is the backbone of successful work. This is also extremely important for areas without direct customer interaction. My goal is to create and tap into a highly innovative environment with modern technologies. I very much look forward to the exciting work ahead!” he says.

In his previous position, Kliebe was the Director of Finance & Administration and Member of the Management Board at the software firm INFORM GmbH. He was also a Member of the Supervisory Board of logisticar GmbH and held a variety of executive positions at firms such as Klaus Steilmann GmbH & Co. KG and the Grünenthal Group. In addition to a degree in Business Administration, he has over 18 years of experience in finance on both operative and strategic levels.

“We have found in Holger an excellent manager and accomplished finance expert who brings so much to our management team. With his dynamic approach and know-how in software and digitalization, he is the perfect fit for us. Holger’s expertise in strategic development and M&A will provide us immeasurable support and help us to accelerate SER’s growth track,” comments Dr. John Bates, Executive Chairman of the SER Group.

 

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  • 08:00 am

KNEIP, a leader in fund data management and reporting solutions for the asset management industry, announced today that it has agreed to acquire Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation.

With this strategic acquisition, KNEIP renews its commitment to being the technology leader in its industry. This acquisition brings significant technology expertise in-house, with microservices architecture and multi-tenant cloud computing, which will increase service quality and data accuracy, as well as will drive process automation across its portfolio. With Dataglide technology, KNEIP is ready to launch new products, innovate, and consolidate. Asset managers rely more than ever on accurate and efficient data management, and KNEIP’s new technology platform will support them better. It will in turn be a key tool to accelerate the growth of the business.

Dataglide has been working with KNEIP for more than a year to build its next generation fund data management system. The acquisition is highly complementary to KNEIP’s existing technology and will make its current infrastructure highly scalable and even more secure. It will also allow KNEIP to deliver working software more frequently and bring more value to clients faster.

Enrique Sacau, CEO of KNEIP, commented: “We are delighted to bring Dataglide’s capability and its team into KNEIP to accelerate our plans for growth. Our goal is to help firms control their data, lower their operational and compliance risk, and ultimately inform their business strategy. This acquisition contributes to future-proof our business, as it takes our technology to the next level and deepens our capability to deliver innovative solutions and services to our clients.”

Simon Hook and Matt Duckhouse, co-founders of Dataglide, commented“We are delighted to be partnering with KNEIP and to contribute actively to the company’s future successes. By combining the technical expertise of the Dataglide team with the deep market understanding and powerful offering of Kneip, we will accelerate product innovation for the benefit of the fund management sector.”

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  • 08:00 am

Buy Now, Pay Later player Anyday has partnered with open banking platform Nordigen to provide accurate and healthy credit offerings. Using Nordigen’s premium lending categorisation tool, Anyday will be able to perform detailed credit checks, approving their customers in seconds. 

Anyday is a Denmark-based, financing solution that prioritises users’ experience, by removing interest rates and additional fees typically associated with BNPLs. Instead they work with countless merchants who take on additional fees on their sides, to benefit the users. 

"Anyday's mission is to provide fair and transparent financing to all shoppers. In order to accomplish this, we knew we needed to partner with a provider that can help us gain deep insight into a shopper's personal economy in order to provide a healthy credit offering. With that, Nordigen was a clear choice. Our communication and collaboration were rock solid from the start and Nordigen's APIs were seamless to integrate. We couldn't be happier that now, together, we are able to further deliver on our mission to provide the best possible financing solution for merchants and shoppers across Denmark, without any unexpected expenses and unpleasant surprises,” says Luke Golden, product owner at Anyday. 

Nordigen securely shares financial information with third party financial service providers in Europe through the use of their PSD2-regulated APIs. This information helps SMEs provide their users with better services and quicker credit checks. 

“Anyday has created a financing tool for the people and we are delighted to be collaborating with them to enhance their credit check process. Open banking has created many opportunities for good with transaction data sharing and creating better, more simplified processes to benefit the user and our premium categorisation tool helps take this one step further with more organised and clear data analysis,” says Rolands Mesters, co-founder and CEO of Nordigen.

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  • 07:00 am

The Centrale Bank van Curaçao en Sint Maarten (CBCS), in close collaboration with Worldline and the local commercial banks, has implemented the basic infrastructure for Instant Payments (IP). As a result as of 15 January 2022, all interbank payments in and between Curaçao and Sint Maarten and in Bonaire will now be processed within ten seconds, 24 hours a day and 365 days per year. With the exception of two local commercial banks, which will join later in 2022, all banks in Curaçao, Sint Maarten and Bonaire are participating in the IP CSM. The IP CSM, developed by Worldline, fully complies with international standards and ISO 20022.

With the introduction of the Instant Payments CSM, the CBCS is one of the first financial institutions to make use of a dual currency system for Instant Payments. This means that now interbank transactions made with both Netherlands Antillean guilders and United States of America US-dollar ($) are processed within just a few seconds, 24 hours a day, 365 days per year.

Looking to the future, partnership with all local banks

Implementing the infrastructure for IP CSM is only the first step for the CBCS. In collaboration with the local commercial banks and Worldline, additional technological possibilities are being developed. After Instant Payments are available to all bank customers on the islands, the CBCS will expand the payment options to more efficient mobile and on-line P2P (person-to-person), P2B (person-to-business), P2G (person-to-government) and in-store payments. The involvement of other stakeholders in the financial sector will be considered in this context. Later the infrastructure will be connected to IP payment ecosystems in other currencies, such as Aruba and the Netherlands.

Leila Matroos, executive director of the Centrale Bank van Curaçao en Sint Maarten: "The introduction of Instant Payments is the result of our ambition to modernize the technological infrastructure, and to stimulate economic development in Curaçao and Sint Maarten. This way, we are better prepared for the future, and for the countless developments in the world of payments. By working together with an experienced IP processor from the Eurozone, we can easily connect to other countries at a later stage.”

“The implementation by the Centrale Bank van Curaçao en Sint Maarten is a logical next step after the earlier introduction of Instant Payments by the Central Bank of Aruba. Instant Payments is on its way to becoming the new global payment standard. In this global context, the processing of Instant Payments for different currencies at the same time proves Worldline´s strong ability and ambition to be one of the leading global service providers for payments processing”, says Michael Steinbach, Managing Director Financial Services at Worldline. “That is why we continue to support the CBCS with their essential route towards 24/7/365 payments. Being the largest IP processor in the Eurozone, we are therefore very proud to work with the CBCS on this implementation and further expansion.”

 

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  • 01:00 am

OKLink, the well-known blockchain big-data company, has announced the launch of Chaintelligence Pro 2.0, the world's first blockchain analysis platform combining blockchain big-data technology and technical investigation methods, to assist police in cryptocurrency-related crime investigation and anti-money laundering.

"By the end of last year, the number of cryptocurrency-related crime cases in China had risen to about 6328, with more than 16.3 million people and over 320 billion yuan involved. Confronted with these cryptocurrency-related crimes, police officers are struggling with difficulties including high learning costs, high tracking difficulty, etc.," said Zhang Chao, vice president of OKLink.

Focusing on these sticking points, Chaintelligence Pro 2.0 optimized the blockchain & big data technology framework, and achieved 3 major innovations, i.e. technical innovation, function innovation and investigation innovation:

- Technical innovation: As the first-of-its-kind blockchain analysis platform combining blockchain and big-data technology, Chaintelligence Pro 2.0 could provide accurate on-chain data and save much time and human cost with machine learning, data modeling, Similarity algorithm, and Feature Engineering technologies.

- Function innovation: With functions like Data Visualization, real-time monitoring, smart researching and judging, Chaintelligence Pro 2.0 Provides integrated services of on-chain data monitoring, analyzing, penetrating and governing, which makes it easier for police officers to investigate cryptocurrency-related cases.

- Investigation innovation: Based on the practical experience accumulated by Chaintelligence 1.0, the 2.0 version could track on-chain data with technical investigation methods, letting the data do the research and investigation job.

"Data security plays a vital role in the coming digital economy age," Zhang Chao said. "Over the last year, Chaintelligence 1.0 has assisted in cracking down over 80 cases and recovering over 30 billion worth of crypto assets. In 2022, OKLink will boost product innovation, deepen service offerings and speed up industry expansion, pushing forward the healthy and sound development of blockchain industry."

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  • 02:00 am

Kaleidofin claims to provide curated, goal-based financial solutions to customers

It uses multiple sources of information to create individual personas of the household and provide specific financial solutions

The startup claims to have over a million active transacting customers in the country across more than 230 semi-urban and rural districts

Fintech neobanking startup Kaleidofin has raised $10 Mn in a Series B funding round led by Michael and Susan Dell Foundation. Existing investors Oikocredit, Flourish Ventures, Omidyar Network, Blume Ventures and Bharat Fund also participated in the round. 

Founded in 2017 by  Sucharita Mukherjee and Puneet Gupta, Kaleidofin claims to provide curated, goal-based financial solutions to customers in underbanked segments using financial planning and wealth management tools. 

Kaleidofin’s platform tries to understand the financial goals of each customer’s household, identify sources of financial vulnerability, preferences and risk tolerance. 

It uses multiple sources of information including demographic profiles, income sources, asset ownership and others to create individual personas of the household and provide specific and relevant financial solutions. 

“We look forward to scaling up the Kaleidocredit business line and driving deep into loan product innovation focused on the informal customer and nano business. To this end, we will deepen our investments in developing our technology, risk management and data science capabilities,” said Sucharita Mukherjee, founder of Kaleidofin. 

Kaleidofin’s product lines include KaleidoGoals, a goal-based savings solution; KiScore: a machine learning-based automated credit health check for informal sector customers; KaleidoCredit, credit as a platform service; KaleidoPay, an inclusive payments solution. 

The startup claims to have more than a million active transacting customers in the country across more than 230 semi-urban and rural districts in 14 states in the country.

“Access to customizable credit for nano-entrepreneurs can unleash a growth wave for enterprises and the economy, and also enable some to graduate to small and medium enterprises,” said Geeta Goel, country director of Michael & Susan Dell Foundation India.

Last year was a record-breaking calendar year for Indian tech as startups raised more than $41.4 Bn across 1,579 deals in 2020, as per Inc42 analysis. This is a higher number than the total funding raised in the previous three years combined ($37 Bn).

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  • 05:00 am

Aiming to showcase the best of fintech world highlighting the worlds most innovative businesses and trusted thought leaders from the industry.

The Fintech Power 50 are pleased to announce that nominations for their 2022 edition are now open. The Power 50 programme is the annual guide to the most influential and innovative companies in the fintech industry, as well as featuring 10 of the visionary and inspiring personalities shaping the sector.

For the fourth year running, 40 global, cutting-edge companies and 10 of the world’s best

fintech influencers will be selected for the exclusive annual programme, which shines a spotlight on those who are driving change and creativity in the financial services industry.

As well as showcasing the hottest in the Fintech world, the Fintech Power 50 acts as a hub that actively promotes its members to a global audience by introducing bespoke networking and event opportunities. Being part of the Fintech Power 50 is not an award, it is a great recommendation tool and a testament to the work that individuals and companies are doing to help the sector innovate and grow.

Until March 1st, industry members can nominate fintech companies and industry individuals from anywhere in the world that they believe are deserving of being featured in this year's programme. Nominees will then be revealed for both the businesses and industry influences, where the public will be invited to vote online until the beginning of June. Winners will be announced in a launch ceremony on 11th July.

Not only will winners be showcased in the 2022 cohort, but the companies and individuals will also be given access to The Fintech Power 50’s trusted network of fintech companies and leaders. Benefits include guest appearances on webinars, podcasts and panels, the opportunity to contribute opinion lead thought leadership articles in The Fintech Times newspaper, invitations to industry networking events and support with talent acquisition.

The 2021 cohort included some of the biggest, most influential names in the fintech world, with Ron Shevlin, a top global fintech influence, Theodora Lau, whose work seeks to spark innovation to improve consumer financial well-being, Jim Marous, the internationally recognised financial industry strategist and Brett King, world-renowned futurist and speaker.

In terms of businesses, some of the influential fintech companies featured on the 2021 list included mobile identity-verification specialist Jumio, Moneyhub, a money management app, European Open Banking platform Tink, and Global Processing Services, a go-to payments processing partner.

Mark Walker, Co-Founder and Chief Operating Officer, said: “We’re excited to start the nomination process for The Fintech Power 50 2021 for the fourth year running. As always, we aim to recognise the game-changers who are making a difference to our industry and look forward to offering industry members the opportunity to share and spotlight the people and companies that they believe are shaping the fintech space.

“Not only do we showcase the fantastic businesses and individuals across the globe that are working to innovatively shape the future of the fintech industry, but The Fintech Power 50 also provides true help and support to every member for a whole year. We’re here to help our cohort transform the industry for the better and I look forward to receiving nominations for our potential future members.”

Nominations for ‘The Fintech Power 50 2021’ will close on 1st March, with online voting available until 6th June. The final cohort will be announced in July. To nominate yourself or someone else, fill out the short form here: *[LINK]*. To find out more about The Fintech Power 50, visit https://www.thepower50.com/ or view the 2021 Fintech Power 50 list at https://www.thepower50.com/the-fintech-power50-2021/.

 

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