Published
- 06:00 am
The integration into the WireXchange wire transfer solution from Fiserv is enabled by an API module developed in close collaboration with the Bankers’ Bank. This approach reflects the pace of change in the digital payments landscape, which has made it vital for financial institutions to embrace a payments strategy that delivers agile solutions and exceptional customer experiences.
A single point of human contact is assigned to each financial institution client with AscendantFX for responsive support from a dedicated expert well versed in the nuances of dealing with Financial Institutions. All transactions are monitored through proprietary trend analytics to identify potential fraud or suspicious activities and vendor risk management is streamlined through access to a complete Due Diligence package. As a non-bank provider, AscendantFX is a trusted brand that balances product innovation with a high-touch experience for unparalleled international payments execution.
Dan Caputo, Vice President, Global Payment Solutions at AscendantFX, states, “Our success, as an organization, is built on our international payments expertise in the world of corporate and financial institutions payments. Our unwavering commitment to customer-focused solutions is a leading factor as to why thousands of corporations and financial institutions in North America trust us as their international payment provider. We are proud to partner with Fiserv to fulfill the payment needs of financial institutions in North America through the WireXchange solution.”
AscendantFX joins a cutting-edge suite of payment processing products and services offered by Fiserv to meet the demand for efficient transactions.
“In a digital world where change presents opportunity, driving innovation requires providing technology solutions that are in step with the way people live and work today,” states Bailey Nelson, Director of Operations Management at Fiserv. “Financial institutions are increasingly focused on providing a simple and secure customer experience, and improving the transparent movement of electronic money globally is another way to enhance that experience.”
Wendy Stanford, Senior Vice President Payments and Cash Management at Bankers’ Bank states, “Our specialization in correspondent banking allows us to provide a differentiated international payments experience for our customers. We have partnered with AscendantFX as we see the tremendous efficiency this integration can provide to many of the community banks we service.”
- 06:00 am
Broadridge Financial Solutions, Inc. (NYSE: BR), an S&P 500 company and global Fintech leader with $4 billion in revenue, today announced the expansion of its Digital Center of Excellence (CoE) with a new office located in Tel Aviv, Israel.
The expansion of the Digital CoE broadens Broadridge's access to industry-leading talent and technology in Israel focused on the development of innovative digital communications management platforms and user experience (UX) tools to drive and facilitate consumer engagement.
"The launch of our Tel Aviv office and further investment in digital expertise is an exciting milestone and is illustrative of Broadridge's strong commitment to digital transformation," said Doug DeSchutter, President of Broadridge Customer Communications. "Broadridge has helped clients successfully digitize content across industries, including investor communications for proxies and interims where 64% of these communications are now electronic or suppressed. Bringing additional expertise in security authentication, content personalization, and omni-channel delivery, our team in Tel Aviv expands our ability to deliver dynamic, contextual communications to consumers through the preferred channels of their choice."
Broadridge's new Tel Aviv office – located in the heart of Tel Aviv's Silicon Valley alongside several leading international technology companies – will be led by Avi Weiss, General Manager.
"Broadridge's Digital Center of Excellence in Tel Aviv not only demonstrates our commitment to investing in the Israeli market, but also enables us to be more responsive to the rapidly evolving needs of our clients and helps transform Broadridge's regulatory and customer communications," said Mr. Weiss. "As we continue to grow, we look forward to increasing our investment in Israel, not only through the opening of our new office and new hires but also through strategic partnerships in the country."
The expansion of Broadridge's Digital CoE follows the company's acquisition of ActivePath, an Israeli-based company whose digital technology enhances the customer experience associated with consumer statements, bills and regulatory communications.
- 09:00 am
MX, the leader in actionable financial data, now provides members of Ent Credit Union, Colorado’s leading credit union, the ability to take charge of their finances and track their progress towards financial well-being.
Powered by MX’s digital money management (DMM), which collects and enriches data and then presents guiding insights that help members take smart financial action, Ent’s Money Insight tool allows members to aggregate accounts from other financial institutions – giving them a clear view of all their finances in one place in a dynamic, visual format. Members can also easily track and categorize their spending, create budgets, manage debt and more. Ent is offering the DMM data solution to its more than 300,000 members for free, within online banking and mobile banking.
“Our members now have relevant, visible and timely advice and control of their finances, and the best part about it – it’s free,” said Tanan Miles, Ent's vice president of electronic banking. “It’s just one more way we’re delivering on our credit union’s mission to improve our members’ financial quality of life.”
“From the perspective of the customer, we’re basically helping people get to know their finances better than their Amazon shopping cart,” said Nate Gardner, Chief Customer Officer at MX. “From the perspective of the credit union, we know financial clarity and guidance are key to delighting members. The MX data platform gives Ent powerful tools that make that happen – increasing member loyalty while driving profitable growth.”
- 03:00 am
Arachnys, the leader in Customer Risk Intelligence solutions for Know Your Customer (KYC), Anti Money Laundering (AML) and Enterprise Due Diligence (EDD), today announced it has completed a $10 million Series A funding round led by QED and other investors.
Arachnys will use the proceeds to accelerate product R&D, expand go-to-market efforts and further develop strategic partnerships integrating its cloud platform within established compliance and onboarding platforms. The company will also establish a new delivery and implementation organization to satisfy demand within its growing pipeline for global deployments of its Customer Risk Intelligence solutions.
Amias Gerety, Arachnys Board Member, Partner at QED Investors, and former Acting Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury, said: “We chose to invest in Arachnys for its superbly talented founders, seasoned leadership and a solution that is miles ahead of traditional AML vendor’s products. They’ve staked out a clear leadership position in the emerging Customer Risk Intelligence market and we’re proud to be their partner in supporting their explosive growth. ”
The funding follows a year in which Arachnys doubled its business and secured new tier one enterprise deployments of its cloud-native, Customer Risk Intelligence platform in North America, Western Europe and Southeast Asia. They have expanded their global executive team with key sales and marketing appointments and recently added four financial crime prevention veterans to their advisory board.
“Increased regulation, coupled with new AML, KYC and EDD requirements continue to pressure banks and financial institutions. This funding round accelerates our ability to help clients automate and transform their financial crime prevention initiatives into a revenue accelerator, while expediting regulatory compliance,” said David Buxton, CEO & Founder of Arachnys. “Arachnys is passionate about helping financial institutions stop bad actors and rapidly onboard valued clients by powering the investigative minds that secure their firms and our world.”
“More than ever financial institutions need the Arachnys Customer Risk Intelligence platform to uplevel their financial crime prevention efforts,” said Greg Meekings, Board Chairman at Arachnys. “Arachnys will use this venture funding to further enrich the platform and rapidly deliver its solutions to market.”
- 01:00 am
CloudTrade, the leading provider of e-invoicing, e-order and complex data capture services, today announced the addition of Philip Padfield and Richard Moore to its board, as Chairman and Investment Director,respectively. Alongside the appointment of Sunil Purohit as Chief Financial Officer, and Tara Burghardt as Marketing Manager.
Today’s boardroom additions and strategic hires build on CloudTrade’s continued growth and July’s £2 million injection from Calculus Capital. The new board and senior executive appointments will accelerate expansion of CloudTrade’s services in the US and EMEA, while bolstering the business’s second stage global growth, which currently stands at over 40% YOY globally.
David Cocks, CloudTrade’s CEO and co-founder, said: “CloudTrade is growing, so building out the board and management team with the additions of Philip, Richard, Sunil and Tara, will strengthen our brand globally, drive our business forward and further cement our ability to provide a solution that streamlines the Purchase-to-Pay and Order-to-Cash processes for our users and their suppliers.”
As Chairman, industry veteran Philip Padfield will be responsible for CloudTrade’s continued global growth and innovation. Padfield was most recently CEO of Science Warehouse, which has now been acquired by Advanced.
“I’m excited to be appointed as CloudTrade’s Chairman at such a pivotal time in the business’s history, and to help ensure the company’s legacy in e-invoicing, e-order and complex data capture services and risk management solutions continue to thrive,” said Philip Padfield. “I’ve dedicated my career to transforming businesses and helping them fulfil their potential, and we believe this is an exciting, second phase in the development of CloudTrade.”
Richard Moore, Investment Director at Calculus Capital, who has also joined CloudTrade’s board, following his organisations fund injection in July 2018, said: “Over the last year, CloudTrade has grown the business through new partners, including IBM, DXC (formerly Hewlett Packard Enterprise), SAP Ariba, BT, Cegedim, Opus Capita and SupplyOn, and from an increase in projects through existing partners. The team and I will be building on that growth, particularly through new partnerships, in both existing and new markets across the globe.”
CloudTrade enables companies to evolve past their reliance on paper, and transact digitally with their trading partners, irrespective of size or technical maturity. CloudTrade is now one of the fastest growing e-invoice and e-document networks, electronically connecting over 200 organisations to thousands of their trading partners, across numerous sectors and regions across the globe.
CloudTrade’s core platform, which is protected by lasting patents in Europe, the U.S. and Australia, uses unique rules-based technology with backward tracking search, to interpret, validate and extrapolate semantic meaning from documents of any type: including invoices, sales and purchase orders, advanced shipping notices and other complex, data rich documents.
Jason Bell
Regional sales director at FS&I
The financial services ecosystem is transforming. see more
- 07:00 am
George Goognin Mile Unity Foundation’s Global Ambassador, participated a meeting with Hage Geingob, the president of Namibia, Minister of Investments and the Head of Presidents' Administration, and discussed the ways MILE blockchain technology can be implemented in real economy.
George Goognin has received a personal invitation from President’s Administration to visit Namibia with the aim to develop a detailed plan for the implementation of XDR technology that would boost the flow of investment and international trade.
“I am grateful to Namibia’s government for a warm welcome in New York during the UN Assembly. The President, the Minister of Investments and the head of Administration were extremely kind and eager to discuss possible investments. I am sure we will be able to cooperate in all the fields,” said Goognin.
Hage Geingob shared that the main goal of Namibia is to establish reliable institutional mechanisms for development of the country’s economy and to adapt existing ones to current realities.
“We are closely following the news on emerging technologies, including blockchain, artificial intelligence, smart-city and the Internet in general, and are ready to implement them in Namibia,” he added.
“We will visit Namibia to meet with bank and governmental officials to discuss the regulation of blockchain technologies and crypto assets, and their application in money remittance, cross-border trading and investments,” Goognin also said.
- 05:00 am
The migration of Euronext Dublin’s Cash Market to Euronext’s trading platform Optiq is now planned in February 2019, subject to regulatory approval.
The migration to Optiq, Euronext’s proprietary trading platform, will allow Euronext Dublin trading members and investors to benefit from access to trading across all cash equity asset classes available on Euronext’s pan-European exchanges. Euronext and Deutsche Börse will work together actively to ensure a smooth transition.
• Upgraded cost synergies targets
As a result of the first successful integration steps, Euronext has identified additional cost-saving opportunities, and now expects to deliver €8 million (vs €6 million announced at the time of acquisition) in pre-tax run-rate cost synergies. As part of the integration, total costs of €14 million (vs €9 million announced at the time of acquisition) will be incurred in the first years of integration.
• Signing of a termination agreement with Deutsche Börse for the migration of Euronext Dublin to Optiq®
Euronext has signed an agreement for the early termination of the trading services contract provided by Deutsche Börse AG to the Irish Stock Exchange (now operating as Euronext Dublin), initially due on December 2021. This agreement will contribute to approximately 50% of the announced €8 million in cost synergies. Furthermore, Euronext will recognise a €4 million impact from this settlement as an exceptional P&L expense in Q3 2018.
- 06:00 am
“B2C2 is one of the largest crypto market makers and it is therefore great to have them as a partner. Our goal is to build an ecosystem of partners that can help sophisticated traders to work effectively and efficiently, so we are very happy to have B2C2 adding to our offer,” said Robert Dykes, CEO of Caspian.
The partnership is significant because of the liquidity that these kind of investors need if they are to move further into cryptocurrency markets. While Caspian provides a suite of tools designed to make accessing and trading these different markets much more easy, B2C2 is experienced in providing the OTC liquidity that this type of investor requires. Users of the Caspian platform will be able to “point and click” trade liquidity streamed by B2C2 via API connectivity directly into Caspian.
“We’re delighted to be joining Caspian as they seek to increase institutional involvement in crypto trading. Many retail brokerage firms already trust us to provide liquidity for their crypto trades and we believe the multi-functional Caspian platform will appeal to these clients too,” said Max Boonen, Director and Co-Founder of B2C2.
While the OTC liquidity nature of the partnership is unique, B2C2 is the latest in a long list of companies that have joined the Caspian ecosystem. As well as a recent partnership with Coinbase, the trading platform is actively partnering with wallet providers, exchanges, custody services and more to attract institutional investors to their platform and to the crypto industry in general.
Caspian’s crypto trading platform has been specifically designed to meet the needs of larger investors who are implementing a diverse strategy that currently requires them to execute trades and maintain target allocations across many exchanges. The fragmentation of crypto-exchanges creates liquidity and slippage issues, as well as a challenging audit and compliance environment.
B2C2 was founded in 2015 by Director and Co-Founder Max Boonen, after he left his job as a fixed-income trader at Goldman Sachs. It works with hedge funds, asset managers, brokers and family offices to facilitate large OTC crypto trades between big investors. B2C2 provides 24/7/365 liquidity for trades from at least 0.01BTC, and executes hundreds of trades per second.
- 05:00 am
Brightwell Payments, Inc., a FinTech company that helps global workers get paid as well as send and spend money safely and easily worldwide, today announced a partnership with Transpay, the cross-border payment company.
Brightwell users around the world can now send money cross-border to over 15,000 cash payout locations in the Philippines, from anywhere and at any time via the Brightwell Navigator mobile app, making Brightwell the choice for global money transfer across the maritime industry and 190 countries worldwide.
“Because over one-third of the crew members that Brightwell serves are from the Philippines, the integration of Transpay into our mobile app is a great step forward in bringing even more convenient global money management to these individuals,” said Hal Ramakers, SVP Global Solutions at Brightwell. “Transpay shares our vision for simplifying the lives of crew members as well as our ongoing dedication to meeting the unique needs of global workers by giving them the ability to send money without borders.”
Hundreds of thousands of people leave their homes to work in the cruise industry because it provides income and career opportunities that would be otherwise unavailable to them. For crew members, access to an easy and cost-effective way to send money home directly from a mobile device is more than convenient, it’s life changing. Without it, transferring money with poor connectivity onboard is costly and time-consuming, especially when sending money to countries such as the Philippines where cash is the preferred currency and 77 percent of the population is unbanked. Integrating Transpay into the Brightwell mobile app enables crew members to have greater control of their finances and the ability to easily transfer money for cash payout.
“Our mutual passion with Brightwell for helping crew members share their hard-earned income with loved ones while saving time and money with competitive rates and fees makes this partnership a natural fit,” said Peter Shore, General Manager of Transpay. “Brightwell’s technology innovation, cultural commitment to the global worker and years of experience make them an ideal partner for us. We’re thrilled to be able to provide Transpay’s payout service to those working in the cruise industry as a quick and seamless way to send funds back home.”
Transpay is a service from WyndPay, a leading global payments company with 30 years of operating history and processing $7 billion USD in annual payment volumes. Transpay provides businesses of all sizes with a scalable, secure, and fully compliant cross-border mass payout solution, making it easy to send funds directly to the local bank accounts of vendors, business partners, freelancers or others on a global scale.
