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- 02:00 am
Temenos, the banking software company, announces the winners of the 2021 Temenos Changemaker Awards for customers, presented at the annual flagship event, the Temenos Community Forum (TCF). The event brought together 50 industry speakers and 10,000 business leaders and technologists from around the world to reinvent and shape the future of banking. These awards, announced every year during TCF, recognize Temenos clients like Changemaker of the Year PayPal, for their contribution to their communities, innovation, and commitment to make banking better, together with Temenos.
Max Chuard, Chief Executive Officer, Temenos, said: “Temenos serves over 3,000 financial institutions around the world – financial institutions who share our passion for making banking better for the 1.2 billion people that rely on our software for their daily banking needs. Our customers are changemakers – leaders, disruptors, pioneers, and risk-takers who believe in changing the landscape of banking by leveraging the power of technology. I am delighted to recognize PayPal, CWB, Varo Bank, Itaú, Bank Albilad and Virgin Money Australia, for their work with Temenos to make banking better, together.”
Changemaker Award for Banking Experience
SMEs make up 95% of businesses in many countries, and yet they are consistently underserved by banks around the world. CWB has pioneered with Temenos to break the boundaries of SME banking with Temenos Virtual COO. Combining Temenos’ innovation and CWB’s in-depth understanding of the needs of business owners, the two have collaborated to bring the first Explainable AI-driven solution for SMEs to market, putting business owners in control of their financial destiny. For collaborating with Temenos to unlock the value for both SMEs and the financial institutions that serve them, and cementing its position as the trusted advisor for business owners in Canada, Temenos recognizes CWB with the Changemaker Award for banking experience.
Changemaker Award for Innovation
In 2020, Varo became the first consumer fintech in the US to be granted a national bank charter. Leveraging Temenos SaaS, the neobank provides innovative digital banking services aimed at 180 million Americans who are underserved by the traditional financial system. For challenging the status quo, for leveraging digital technology to lower its cost to serve to 25% of a traditional bank running legacy technology and passing that efficiency dividend through to its customers, and for making banking better for millions, Varo receives the Changemaker Award for Innovation.
Changemaker Award for Cloud Pioneer
Itaú Unibanco is a global tier 1 bank leveraging Temenos to power its banking operations on a single wealth management platform. In 2020, the bank announced that it will deploy Temenos front-to-back technology on the cloud to deliver state-of-the-art omnichannel mobile and digital banking applications to international private banking clients. The move allows Itaú to reduce time to market, generate efficiency and make its business better prepared for the exponential evolution of technological cycles. For leveraging The Temenos Banking Cloud to launch a new, truly universal digital wealth platform, Itaú receives the Changemaker Award for Cloud Pioneer.
Changemaker Award for Customer Engagement
This award goes to Bank Albilad for achieving spectacular growth and becoming a leading bank in Saudi Arabia. Driven by their relentless focus on customer engagement, and the rapid launch of new products using Temenos Transact, the bank doubled its capital. Innovation is key to the success of Bank Albilad, leveraging channels, networks and expertise to deliver sustainable growth. Bank Albilad continues to focus on developing streamlined services, value-added offerings, personalized customer journeys and expert advice to make banking better.
Every year Temenos recognizes one person for their contribution to their banking industry and the Temenos community. This year the Visionary Leadership Award goes to Chris Sozou at Virgin Money Australia for his work on the market launch of the challenger bank.
Visionary Leadership Award
Virgin Money Australia was designed with a clear ambition to simplify banking and help customers achieve their financial goals. Chris Sozou GM Platforms, Partnerships & Analytics is an inspirational leader, and has partnered with Temenos in his work across implementation and go-live to ensure a smooth market launch. Chris brings a wealth of financial services experience that has been instrumental in the successful implementation of Virgin Money Australia’s digital bank. For his role as a true leader, Temenos recognizes Chris Sozou with the Visionary Leadership Award.
- 06:00 am
With FX STAR, Pacific Western Bank equips its customers with a state-of-the-art platform to manage their global banking needs and foreign currency exposure. The bank’s customers can easily access the industry-leading FX STAR web portal to execute foreign currency transactions on their schedule, utilize multi-currency accounts to purchase foreign currencies in bulk and initiate payments when ready, as well as self-administer their internal users, manage permissions and set limits. FX Star’s capabilities eliminate the need to call, email or text a banker.
Within the bank, FX STAR streamlines the pricing, trading, risk management, settlement processing, confirmations, matching, accounting, compliance, reporting and nostro reconciliation. Finzly’s cloud-based FX STAR platform connects with Pacific Western Bank’s core system using plug and play architecture. Finzly’s open architecture leverages configurable workflows, micro-services, distributed computing, faster “in-memory” data grids, “drag and drop” reporting and real-time monitoring.
“As part of our strategic push to partner with fintechs in search of best-of-breed solutions, we selected Finzly’s FX STAR platform, given its dynamic user interface and rich set of features that enhance our foreign exchange capabilities on behalf of our clients,” said Mark Yung, EVP, COO of Pacific Western Bank.
“We are thrilled to welcome Pacific Western Bank to the Finzly family. Finzly has simplified the trading and payment of foreign currencies with a seamless user experience. FX STAR delivers a highly customizable system, enabling financial institutions to securely and more efficiently manage post-trade processing of confirmations, compliance, payments, settlements, ledger postings and reporting,” said Booshan Rengachari, founder and CEO, Finzly. “With FX STAR, Pacific Western Bank can confidently manage their foreign exchange initiatives to deliver a superior banking experience to their customers.”
Jaime Lowe
Sales Director at UTP Group
The rapid roll-out of the UK’s Covid vaccination programme, with over 60 million administered doses to date, means that for many of us, life can begin to resemble somet see more
- 08:00 am
“The market has been trading in relatively rangebound fashion leading up to the data release, however, this morning’s release will restoke concerns around inflation and place further pressure on the Fed to acknowledge the continued rise in prices and prepone tapering discussions.
“On the back of the print, US Treasury yields are picking up steam and trading higher across the board this morning, with the 10-year up by ~4bps. In line with the rise in yields, the broader dollar index is trading higher this morning amidst renewed concerns on inflation. The market will now look closely to the Fed for guidance at its June 16 FOMC and whether any timeline on tapering talks is to be disclosed.”
- 08:00 am
TreasurySpring, the London-based financial technology company that operates the world’s first Fixed-Term Fund platform today announced the closing of its latest capital raise, securing more than $10m of new investment in a round that was co-led by MMC Ventures and Anthemis Group, with participation from existing investors, including ETFS Capital. The company has now raised more than $15m since its first external capital injection in November 2017.
Founded in 2016 by long-term business partners Kevin Cook, Matthew Longhurst and James Skillen, TreasurySpring’s FTF platform enables all holders of large cash balances to minimise risk and maximise returns, providing simple, digital access to a diverse menu of proprietary cash investments. Through a single online onboarding, clients can already choose from 120+ investment options on a daily basis, offering them unique exposure to asset classes that have historically only been available to major financial institutions.
In the current climate of ultra-low and negative interest rates, coupled with an uncertain credit outlook, an ever-increasing number of institutional clients across all sectors and geographies are looking for alternatives to traditional bank deposits and money market funds. Having only publicly launched its Fixed-Term Fund platform in September 2019, TreasurySpring has already issued more than $9B of FTFs to a fast-growing institutional client-base including FTSE 100 and other listed companies, IGO’s, leading fund managers from the Private Equity, Venture Capital, Real Estate and Hedge Fund sectors, large private companies, charities and family offices.
Commenting on the funding, Kevin Cook, Co-founder and CEO said: “Following a break-out 12 months in which we increased AUM by 10x, we wanted to bring in the best possible investment partners to support our ambitious growth plans. We have long admired both Anthemis Group and MMC, so I am delighted that they co-led the round and we are excited to work with Sean, Ollie and their respective teams, as we move into the next phase of our journey to redefine cash investment and front-office treasury.”
The financing round will support the growth of the team, with a particular focus on sales and marketing. The firm has already attracted Oscar Coyle, who will join from HSBC as a Sales Director later this month. In addition to continued investment in the platform’s core technology and operations, funds will also be deployed to accelerate expansion across sectors and geographies, as well as a number of exciting new product and marketing initiatives.
Yann Ranchere, Partner at Anthemis Group said: ‘With its ambitious and mission-driven team, TreaurySpring is opening the traditional money market industry to a whole new pool of participants. As investors, we believe that the platform’s fund products will supply investors with new and more versatile methods of diversification.” While Oliver Richards, Partner at MMC Ventures added: “Having worked with the team at TreasurySpring for the last two years, we have absolute confidence in their ability to deliver on their unique vision to level the playing field in cash investing and short-term funding, through a platform that not only brings value to its clients and issuers but also enhances the diversification and systemic stability of the money markets as a whole.”
- 02:00 am
Fintech Week London is taking place at a number of select venues in London and online between 12th and 16th July 2021.Celebrating some of the biggest and most exciting names in the sector, the event comprises a two-day conference, breakout sessions, an award ceremony and a long-awaited industry party.The first physical event of its kind for some time, FintechWeek London will also be live streamed for those unable to be present on-site, providing online intelligent matchmaking and networking.For those ready to meet in person again, and for those joining virtually, it’s set to be a packed agenda. Content for the conference has been curated by some of the industry’s most respected experts and B2B influencers. Topics to be discussed and debated include Sustainable Banking and Green Finance, CryptoCurrency, Big Tech & Big Banks and Digital Identity.
From fireside chats to fringe events, starting at Barclays Rise on Monday 12th July 2021, Fintech Week London welcomes a host of respected keynote speakers and industry leaders:
Author and commentator, Chris Skinner opens the event with the future of Fintech and emerging trends, followed by a discussion on Green Finance and Sustainability and Social Inclusion.
Ghela Boskovich and Imran Gulamhuseinwala will lead the morning session on Open Banking / Banking as a Service on Tuesday 13th July. David Birch (Consult Hyperion), honorary president of EEMA, the European e-ID Association and Matt Warman MP will later host a session around UK Digital Identity Framework, discussing any new requirements for businesses.
Big Tech and Big Banks leads the way for the morning session on Wednesday 14th July, curated by Theo Lau. Joining a panel session will be Dr Leda Glydis (10x) and Joanne Dewar (GPS). Lord Chris Holmes and Martin Boyd (FIS) will then lead the discussion on open finance and financial health.
The afternoon will see the Next Big Things in Fintech, hosted by Chris Skinner and Suzanne Chisti looking at the power of fintech founders and the importance of diversity in a changing world, as well as how the pandemic and fintech have impacted each other.
The breakout sessions on Thursday will be hosted at Level39, and will focus on hot topics including raising capital for fintechs, cybersecurity, payments and AI. In the afternoon, together with Market Across and main partnercrypto.com, the topic will be cryptocurrencies and blockchain, looking at innovations such as DeFi, NFTs and what is happening to Bitcoin.
Speakers throughout the week will also include Alex March, head of Klarna UK, Dan Morgan, policy lead – Europe, of Plaid and Sophie Guibaud, chief growth officer of OpenPayd.
Guests, media and conference attendees will be treated to an industry party on Tuesday 12th July and The Open Banking Expo Awards will take place on Thursday evening, where experts and innovators from the world of financial technology will receive recognition. Awards include Best Open Finance Innovation, Open Banking for Good and Best Open Banking Partnership.
Raf De Kimpe, CEO of Fintech Week London, said: “We have been blown away by the interest and support that we have received from the Fintech industry in London and internationally. This has come from sponsors, speakers, partners and now we are seeing a surge in interest from attendees. Over the course of five days, we will welcome over 2,000 executives from high-street banks, digital challengers, technology giants, and new disruptors. Fintech Week London will host many of these industry leaders in person for the first time in so long, and we can’t wait to hear the fantastic discussions that will undoubtedly emerge. London still sits at the centre of global Fintech, and we can clearly see the evidence of this as our event draws closer.”
De Kimpe continues: “Planning an event like this right now definitely comes with added pressure, but it is going to be worth it - this is an industry that feeds off of collaboration, and we want to help bring that back. In terms of mitigating potential risk, we are constantly monitoring the situation and government guidelines. We will take appropriate precautions and our terms and conditions on tickets are very flexible, we urge everyone that has symptoms or had a high-risk contact to join from the safety of their home. We'll provide a costless swap from a physical to an online ticket (with partial refund). Additionally, we urge all our physical attendees to take a lateral flow test less than 24 hours prior to the event, these tests are available free of charge to UK residents.”
As a minimum, all visitors will be asked to scan the NHS Track & Trace QR code at the reception and temperature checks will be performed on entry. All visitors will be asked to wear a mask as much as possible and wash hands regularly. There will be extra hand sanitising stations throughout the venue and common areas will be disinfected regularly.
Registration for Fintech Week London is now open, and partner submissions are still being considered.
Click on the link below for further information on Fintech Week London:https://fintechweek.london
- 09:00 am
Klarna, the leading global payments provider, retail bank, and shopping service, today confirms a new equity funding of USD 639 million. The round was led by SoftBank’s Vision Fund 2 ,with additional participation from existing investors Adit Ventures, Honeycomb Asset Management and WestCap Group, to support international expansion and further capture global retail growth. Klarna’s other investors include Sequoia Capital, SilverLake, Dragoneer, Permira, Commonwealth Bank of Australia, Bestseller Group, Ant Group, Northzone, GIC - Singapore’s sovereign wealth fund - as well as funds and accounts managed by BlackRock and HMI. The post-money valuation of Klarna is USD 45.6 billion and remains the highest-valued private fintech in Europe and the second-highest worldwide. As part of theGiveOneinitiative established by Klarna earlier this year, 1% of this equity raised will be directed to initiatives supporting planet health.
Klarna enables consumers to shop, pay and bank in a smarter way, designed to fit the lives they lead, rather than the requirements of the traditional payments and banking industry. The ongoing structural shift of consumers turning away from revolving credit lines where they incur interest or fees to debit and simultaneously seeking superior retail experiences means Klarna’s healthier, more transparent and convenient alternatives, which put consumers in control are closely aligned to evolving global consumer preferences and drive global growth.
Sebastian Siemiatkowski, Klarna Founder and CEO said: “Consumers continue to reject interest-and fee-laden revolving credit and are moving toward debit while simultaneously seeking retail experiences that better meet their needs. Klarna's more transparent and convenient alternatives align with evolving global consumer preferences and drive worldwide growth.I’m very proud of the investors who are supporting Klarna’s ambition to challenge these outdated models to empower consumers with fair, transparent, and convenient products to help them bank, shop and pay each day.”
Yanni Pipilis, managing partner for SoftBank Investment Advisers said, “Klarna’s growth is founded on a deep understanding of how the purchasing behaviors of consumers are changing, an evolution which we believe is accelerating. Klarna has already successfully expanded into the US and we are excited to continue supporting the team in bringing the next generation of financial services to new markets worldwide.”
Eric Munson, founder and CIO of Adit Ventures said, “Adit Ventures is a proud Klarna investor. We are excited to watch this unique brand continue to challenge the boundaries of modern payments, banking, and shopping. Klarna’s rapid growth has been a testament to their innovation, leadership, and execution—however, we believe the best is yet to come as Klarna multiplies their addressable market through global expansion.”
David Fiszel, founder and CIO of Honeycomb Asset Management said: “Honeycomb is proud to add to our earlier investments in Klarna. We are excited to support its long-term global growth initiatives and mission to redefine the consumer purchasing experience at scale. Klarna truly is a unique founder-led company with a world-class management team focused on innovation in the rapidly-growing fintech sector.”
Charlie Young, partner at WestCap commented: “Klarna is leading a revolution in consumer preference, and has already reimagined the payments, eCommerce, and banking experience for tens of millions of people. Klarna's global scale and leading market position create even more opportunity for the business going forward. WestCap is pleased to partner with Klarna at this exciting moment in the company's history.”
Klarna is available direct to consumers via the company’s shopping app, used by 18m customers worldwide as well as at over 250,000 retailers globally. In the app, consumers can browse and shop at any brand online with Klarna payment options, allowing them to pay immediately or later, manage spending and available balances, add favorite items to collections, initiate refunds, access tailored discounts, receive price-drop notifications, track deliveries intelligently and join Klarna’s loyalty program, Vibe.
Klarna’s Q1 2021 results evidence how such services are resonating with consumers, recording over USD 18.9bn GMV (Q1 2020: USD 9.9bn) for the period driven by growth in all markets and exceptional momentum in the US with over 18 million American consumers now using Klarna. In 2020, the Klarna app consistently ranked among the Top 10 app downloads in the US and this momentum continues as downloads in 2021 have increased 125% year on year, propelling record volumes in March 2021. Klarna is now live with 24 of the top 100 US retailers, more than any of its competitors, illustrating our position as the global shopping partner of choice. Equally, Klarna’s global footprint across 17 markets continues to grow, with a number of new markets launching in 2021 including France just this week, soon to be the largest e-commerce market in Europe worth over USD 185bn by 2024.
This funding round provides GiveOne, the initiative to support planet health established by Klarna earlier this year, with its third significant donation since launch. Recent investor A$AP Rocky pledged to support the Miti Alliance in Kenya and its founder Michael Waiyaki, who is fighting to slow down the effects of climate change due to deforestation. Klarna has also launched a CO2 tracker on every purchase. In one of the largest-ever awareness-raising efforts on carbon footprints, 90 million Klarna consumers across all markets are now provided with the kgCO2 value on every purchase.
- 05:00 am
Commenting on the ECB Monetary Policy Statement and maintaining a dovish tone, Jesus Cabra Guisasola, Associate at Validus Risk Management, said: “As most market participants expected, the ECB maintained its dovish tone and decided to leave its ultra-loose policy unchanged by keeping the current PEPP purchases at the fastest pace for the third quarter of 2021."
“While there are clear signals of optimism around the European economy, after a pickup in vaccinations and falling coronavirus cases. There are still uncertainties surrounding the euro-area and its recovery.
“The pandemic is leaving a legacy of high debt and weak balance sheets with an uneven recovery between southern and northern European economies. Hence, the ECB prefers to continue with its wait-and-see monetary policy stance and not disrupt the funding market in the short term.
“An environment where the European economy recovers at different paces with inflation below the 2% target, could lead to a weaker euro. Nevertheless, there is a market consensus for a weaker dollar in the coming months and we could see EURUSD testing 1.25, a level not seen since early 2018.”
- 01:00 am
Acronis, the global leader in cyber protection, today released a new advanced protection pack for Acronis Cyber Protect Cloud. Powered by the industry-leading solution from Perception Point, the new Advanced Email Security pack enables service providers to enhance and extend their cybersecurity capabilities by detecting and stopping all email-borne cyberthreats before they can reach their clients’ end users.
The native integration of Acronis Cyber Protect Cloud withAdvanced Email Security means MSPs can use one solution to extend their cyber protection services to protect their clients’ Microsoft 365, Google Workspace, or Open-Xchange mailboxes. Advanced Email Security intercepts all email-based threats, including spam, phishing and spoofing, business email compromises (BECs), advanced persistent threats (APTs), and even the zero-day malware attacks that are behind 80% of breaches[1].
“Email is both business-critical and the top threat vector for organisations today. For service providers, preventing email threats from reaching their clients is vital,” said Jan-Jaap “JJ” Jager, Board Advisor & Chief Revenue Officer at Acronis. “The new Advanced Email Security pack marries the best-in-class technology from Perception Point with the unified cybersecurity, data protection, and endpoint protection of Acronis Cyber Protect Cloud. As a result, MSPs have everything needed to keep clients secure and their business efficient and profitable."
“We are thrilled to partner with Acronis to power the leading Acronis Cyber Protect Cloud solution, with Perception Point, integrated as the Advanced Email Security pack,” said Yoram Salinger, CEO of Perception Point. “Together we are making enterprise-grade cybersecurity solutions available to all MSPs and their end-customers. Acronis’ and Perception Point’s approach helps us realise our vision of combining the best technology with personalised services, to protect customers from the broad range of constantly evolving threats."
Proven email security
While legacy sandboxing technologies assess threats reactively, which limits how much traffic can be scanned and delays malware verdicts by up to 20 minutes, the technology in Advanced Email Security scales to cover 100% of the email traffic and shortens that scanning time to a maximum of 30 seconds.
As a result, Advanced Email Security enables MSPs to automatically:
- Stop phishing and spoofing attempts by leveraging powerful threat intelligence, heuristics, URL reputation checks, unique computer vision algorithms, and machine-intelligence-enhanced Domain-based Message Authentication, Reporting and Conformance (DMARC), DomainKeys Identified Mail (DKIM), and Sender Policy Framework (SPF) record checks.
- Detect advanced evasion techniques used to hide malicious content. To do this, the solution recursively unpacks embedded files and URLs, and separately analyses them with dynamic and static detection engines.
- Prevent malware and email threats that evade conventional defenses such as advanced persistent threats (APTs) and zero-day attacks. By leveraging Perception Point’s unique CPU-level technology, it acts earlier in the attack chain to block exploits before the malware is released and delivers a clear verdict within seconds.
Unlike other email security solutions, Acronis Cyber Protect Cloud with Advanced Email Security also stops threats delivered via internal email addresses, preventing malware from spreading laterally throughout an organisation.
Advanced Email Security is the latest advanced protection pack released for Acronis Cyber Protect Cloud, which enables MSPs to build services at little to no upfront expense, ensuring 100% coverage of clients' workloads with cyber protection.
Additional advanced protection packs such as Advanced Backup, Advanced Security, Advanced Disaster Recovery, andAdvanced Management give MSPs the flexibility to expand and customise their services to deliver the optimum level of cyber protection for each client and every workload.
Partners and analysts respond to the new solution pack
“Bluefin trusts Acronis Cyber Protect Cloud because we’ve seen how it’s enabled us to provide a comprehensive range of cyber protection services to our clients – and Advanced Email Security is an exciting, welcome addition,” said Dawn Wilson, Chief Executive Officer of Bluefin Technology Group. “With data breaches that are happening daily, we’re expected to keep our clients’ email inboxes safe and protected. This addition makes it easy for us to enhance our services with email security that is proven without having to add a whole new vendor and set-up.”
According to Simon Edwards, CEO of SE Labs, the Advanced Email Security pack gives MSPs a single, multi-layered email security solution that detects threats more quickly and more precisely than other options. Perception Point received top overall ranking in SE Labs Independent testing, ranking #1 in detection rate, false-positive rate, and overall accuracy rating.
"This extremely challenging test puts email services through a very rigorous assessment and it is to Perception Point's credit that it achieved first place and the highest AAA award,” said Edwards.
According to Gartner, "As organisations continue to migrate to cloud email, the need to re-evaluate email security is even greater. The solutions and controls that were put in place for on-premises email solutions are no longer enough." Further, Gartner states, "Integrated email security solutions (IESSs) provide many of the capabilities in an SEG such as advanced malware protection, sandbox analysis and URL analysis, intercepting malicious emails before they reach a user’s inbox." Perception Point was recognised as a Representative Vendor for IESS in the 2020 Gartner Market Guide for Email Security report.
Any service provider interested in learning more about Acronis Cyber Protect Cloud with Advanced Email Security is encouraged to view a demonstration at the Acronis Demo Center or go to https://www.acronis.com/en-us/products/cyber-protect/.
- 01:00 am
Cashflows, the platform that makes it easy for merchants to accept payments, today announces new partnerships with IMX Software and eDynamix. Cashflows will enable the businesses to extend their payment offerings and enhance user experience in the financial services and automotive sectors respectively. The news comes as Cashflows is expanding its reach to help businesses across a wider range of industries deploy efficient payment and settlement solutions.
IMX Software delivers market-leading technology solutions to the world’s leading banks and financial service providers. Its solutions support face to face and online orders while providing a single view of business performance across multiple channels. Together with Cashflows, IMX Software merchants can now accept card payments across all their platforms including GTS. Faster settlement of transactions means businesses can reduce the amount of time between customers receiving their currency and funds reaching IMX’s merchants bank accounts. Cash flow improvement has a dramatic commercial benefit for the service provider, including the reduction of risk by shortening the delay between payment initiation, clearing and subsequent settlement.
eDynamix is a specialist software provider for major brand motor dealerships. Its solution enables motor dealerships to sell and manage service plans, taking payment up front by direct debit or cards, for both servicing and car sales. Embedding Cashflows’ payment processing capabilities into the eDynamix platform has delivered faster settlement and an enhanced end-user experience.
Cashflows’ partnerships with IMX Software and eDynamix highlights these businesses’ common goal to provide greater choice, convenience and efficiency to consumers and merchants by driving technological innovation in the payments space across all sectors.
Amanda Mesler, CEO, Cashflows, comments: “We’re excited to be working with companies like eDynamix and IMX Software that share our goal of optimising the payment experience. We’re growing our partnership team with some of the best in the field to help us stay ahead of the curve, developing products and services in line with what our customers across a wide range of industries need. By combining our partners’ existing software with our state of the art acquiring platform and its capabilities, we are uniquely positioned in the market to enhance the payment experience for everyone involved.”
