Paysend, card-to-card pioneer and international payments platform, is proud to announce the official launch of Paysend Business in the United States. Paysend Business is an innovative payments platform for small and medium-sized enterprises (SMEs) to create online business bank accounts, providing a fast, simple, and reliable way for businesses to send and receive cross-border payments.

With its intuitive interface and powerful features, Paysend Business makes it easy for SMEs to manage their finances across borders. Businesses can receive, spend, and exchange money in over 30 currencies, without worrying about hidden fees or complicated exchange rates. Instant payments can be made through multi-currency accounts, including global inbound and outbound payment functionality and payouts to Visa and Mastercard worldwide.

"Paysend Business is excited to bring our innovative payments platform to SMEs in the United States," said Ashley Mallett, Head of the B2B Division at Paysend. "We know that cross-border payments can be a pain point for many small and medium-sized businesses, and we're committed to making it simple and affordable for them to manage their finances globally. Our platform offers a range of features that make cross-border payments faster, cheaper, and more convenient than ever before."

The US launch follows the Paysend Business UK launch in 2022, where it has rapidly gained a reputation as a leading payment platform for SMEs. In the UK, Paysend Business has helped businesses save money on international transactions and streamline their payment processes. The expansion into the US market reinforces its commitment to providing innovative and reliable cross-border payment solutions to businesses worldwide.

Paysend Business is designed to meet the needs of businesses of all sizes, from startups to established enterprises. Whether you're looking to pay suppliers in foreign currencies, receive payments from overseas customers, or manage your global payroll, Paysend Business has the tools you need to succeed.

Concordium, the Layer 1 science-backed blockchain creating a safer digital world, has today announced the launch of mysome.id, a new social media profile verification tool that will provide users with a secure and reliable way to verify their identities. Built on Concordium's unique identity protocol, mysome.id is free to use, and allows for high levels of privacy,  verifiability and transparency. Digital identities created through mysome.id are stored exclusively in a user’s wallet, a juxtaposition to the traditional data storing methods used by Web2 technology companies.

Kåre Kjelstrøm, Chief Technical Officer at Concordium, said: “As more and more of our daily conversations migrate to online, the importance of verified profiles - knowing who you are speaking to is who they claim to be - increases. Without verification, there is no trust, which is a particularly poignant concern given the influence social media discourse can have on politics, business and economies. The mysome.id verification tool creates trust by authenticating user profiles, eliminating big tech’s grip on data, and handing control of personal data back to the user.”

Initially available on LinkedIn, which currently hosts over 930 million members, mysome.id will continue to add support for other major social media sites. The mysome.id functionality allows users to adopt a displayable badge on their profile that authenticates their identity. This synchronization with LinkedIn is enabled through Concordium’s ID layer, which boasts zero-knowledge proofs and scientifically-backed cryptography: elements that ensure authenticity and privacy on an immutable blockchain ledger. This use of decentralized technology for online ID verification eliminates the need to host users’ identities and sensitive information in centralized locations. 

Lars Seier Christensen, Chairman of Concordium, said “ Fake profiles negatively impact social media users through identity theft, fraud, and scams. Centralized identity databases meanwhile are prime targets for hackers seeking to extract ransoms for lucrative, confidential data. Concordium open source blockchain and encryption technology brings decentralized storage systems that are more secure and scalable than any centralized system managed by big tech. mysome.id creates the truest form of authentication, something evidently necessary in today’s digital world.”

mysome.id is a community project launched on the Concordium blockchain and is now available to all LinkedIn users. The easy-to-use tool can be accessed through the website, with the verification process taking minutes to complete. Further to this, with the mysome.id browser extension, users are immediately notified of the status of other profiles: unverified or authenticated. For more information and to get verified visit: mysome.id 

PXP Financial, the expert in global acquiring, payment, fraud and data analysis services, announces today a new partnership with Kindred Group Plc, a leading online gambling operator offering online casino, online poker, online bingo, and sports betting products. Kindred Group Plc consists of nine brands, including Unibet, Maria Casino and 32Red. 

Commenting on the announcement, Kamran Hedjri, Group CEO for PXP Financial, said: “As the payments partner of choice for the gaming industry, we ensure the payments process never detracts from the overall gaming experience. Our deep understanding of the regulatory challenges, compliance, and payments issues operators face makes us ideally placed to help Kindred Group cut costs, drive revenue and increase player satisfaction.

“Kindred Group is an extremely well-regarded brand in the industry, and this partnership is not only an opportunity to meet all its payments needs, but further expand our footprint in the US.”

PXP Financial currently has a significant market share in the US, and as gaming continues to grow in the region, more operators are recognising that providing the right payment solutions package plays a crucial role in driving retention and player loyalty. In fact, research shows 49% of gamers would deposit more with better withdrawal options.

Mickael Marceau, Director Payment Solutions Kindred Group added: “As a business that has its origins in the gambling industry, we know the PXP platform is built for today; making payments flexible, instant and global. We’ve been collaborating with PXP Financial for a while and have been impressed with the team’s proactivity and gambling expertise. We’re now excited to get the partnership off the ground and see how it can improve our customers journey.”

The global online gambling market recorded a valuation of USD 63.53 billion in 2022 and is predicted to expand at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030. PXP Financial is growing in tandem with the industry. This is the latest partnership announcement from the company.

Tricolor Holdings today announced that it has been named the Fintech Nexus Award winner for Excellence in Financial Inclusion. Given to the financial services company making the biggest difference in expanding access to financial services for the underserved population, Tricolor was recognized for its proven track record leveraging innovation and artificial intelligence to improve physical and financial mobility.

“We’re grateful to be recognized by such a respected and prestigious financial technology publication, but more importantly for the growing awareness of the formidable challenges faced by credit-invisible Hispanic consumers with respect to mobility,” said Daniel Chu, founder and CEO of Tricolor Holdings. “When this vast and growing population is left behind in terms of access to credit, we all risk falling short of achieving our economic goals as individuals and as a nation. This award validates the inextricable link we’ve formed between doing well and doing good at scale and highlights our long history of executing a model that provides value for customers while creating long-term value as an enterprise.”

Over the last 15 years, Tricolor has disbursed more than $2 billion in affordable auto loans and helped hundreds of thousands of customers – many of whom lack access to affordable credit – purchase a high-quality used vehicle. The company is well-known for its use of innovative, advanced technologies and a disruptive business model that enables the purchase of used vehicles that empower underserved, low-income communities and provides them with improved access to mainstream financing and ultimately, a better future.

Meeting the Needs of Underserved Hispanics
The more than 59 million Hispanics in the United States would collectively rank as the eighth largest economy in the world. Yet, according to the FDIC National Survey of Unbanked and Underbanked Households, 32% of this US Hispanic population has no or limited access to mainstream credit.

Tricolor uses artificial intelligence (AI) and nearly 15 years of proprietary customer insights and with over 25 million unique non-traditional credit attributes to unlock financially inclusive opportunities for low-income, credit-invisible Hispanics left behind by mainstream financial providers. To date, this U.S. Department of the Treasury-certified Community Development Financial Institution (CDFI) has disbursed over $2 billion in affordable auto loans and saved borrowers more than $800M in potential interest compared to loans for which they would have otherwise qualified. It has also helped over 50% of its borrowers with no FICO score to establish a score with a major credit bureau.

Tricolor’s patented, interactive tools provide unprecedented transparency and empower self-selection for its customers. Further, its integrated retail plus lending platform creates a seamless customer experience and superior value, resulting in high-quality vehicles, backed by a free warranty, and made accessible through affordable credit. As a result, Tricolor routinely earns Net Promoter Scores that are superior to even the biggest names among both disruptors and traditional automotive retailers. It is also the only company in all of consumer ABS to issue multiple social bonds collateralized with loans that provide affordable access to low-income borrowers with no FICO score for financing the purchase of a motor vehicle.

Tricolor has been routinely recognized for its important work supporting consumers, including being named one of Inc. Magazine’s Best in Business for 2022.

Nutanix has announced Project Beacon, a multi-year effort to deliver a portfolio of data-centric Platform as a Service (PaaS) level services available natively anywhere – including on Nutanix or on native public cloud. With a vision of decoupling the application and its data from the underlying infrastructure, Project Beacon aims to enable developers to build applications once and run them anywhere. 

According to the Enterprise Cloud Index, 75% of IT teams expect to leverage more than one IT infrastructure 一 including on-premises, in public cloud or at the edge 一 in the next one to three years. Moving applications to a different environment is currently possible at the infrastructure layer. However, the PaaS services that many organisations use to help developers build and ship applications faster cause lock-in as they are tied to specific public clouds. This leads to high switching costs when looking to move applications to an environment that is more suitable, whether it’s due to cost, compliance, latency or other factors. Project Beacon aims to change that.

“Project Beacon is our vision for enabling developers to write applications once and run them anywhere by delivering data-centric PaaS level services that are no longer tied to a single infrastructure provider,” said Rajiv Ramaswami, President & CEO at Nutanix. “We hope to enable enterprises to fully embrace the benefits of hybrid multicloud, not only at the infrastructure layer but also at the application data layer.”

As part of Project Beacon, Nutanix aims to deliver the platform services that many organisations rely on, with a single API and console, integrated with Kubernetes® container orchestration, and consistent management across environments. This suite of data-centric platform services would be characterised by a consistent and simplified management experience, automated mobility, portable licensing, developer self-service, with built-in security and governance for cloud operations teams. Through these services, developers would have access to a suite of data-centric PaaS services whether in native public cloud, on-premises or at the edge, while operations teams would be able to remain in full control of data governance, compliance and data protection.

“As the industry’s leading enterprise Kubernetes platform, Red Hat OpenShift helps customers build, deploy and manage any application, anywhere,” said Matt Hicks, President and Chief Executive Officer, Red Hat. “With Project Beacon, Nutanix will build on our mission with a vision of data-centric platform services delivered consistently, anywhere, further extending customer choice on Red Hat’s open hybrid cloud platforms with Nutanix’s advanced data services.”

Nutanix is starting with database services, the foundation of all apps. As part of this effort, the company aims to extend the customer benefits of the Nutanix Database Service™ (NDB) solution as a managed service in the public cloud. This will build on the NDB database automation and management experience already available on Nutanix Cloud Infrastructure (NCI), as a managed service on native public cloud infrastructure. 

Nutanix would then expand from there to the most popular data-centric platform services, such as streaming, caching and search. The goal of this effort is to deliver all key elements needed to build modern applications so that developers would not have to rely on solutions that will lock them into a single infrastructure.

“Organisations have come to rely on public cloud services to accelerate the speed of development and innovation, but there are trade-offs – in terms of complexity, cost, lock-in, and more,” said Dave Pearson, IDC RVP for Infrastructure Systems, Platforms and Technologies. “With Project Beacon, Nutanix aims to reduce lock-in and increase application development simplicity through unified management, automated mobility and the ability to write applications once and deploy them as-needed on appropriate infrastructure.”

Accuro, one of the leading wealth advisors based in Antwerp, Belgium, has selected Objectway - global TOP-100 FinTech provider of as-a-service software and service platform to banks, wealth and asset managers – as its partner to implement a new private client wealth management platform for its advisory and discretionary business.

Accuro is focused on the protection, growth, and inter-generational transfer of their client’s wealth, based on a personalized collaboration with their customers.

The partnership with Objectway will help Accuro to accelerate its multi-custodian, real-time, straight-trough-processing of orders and to offer their clients a digital investment experience for their advisory and discretionary businesses in a fully regulatory-compliant way.

The solution is built on Objectway Platform, the as-a-service growth platform delivering a flexible solution design by leveraging end-to-end digital and service capabilities and will position Accuro to scale the growth of their business, increasing client satisfaction and retention.          
Hosted on private cloud, the fully modular solution is configured according to Accuro’s requirements and can seamlessly add more functionalities over time.

Key factors in Accuro’s selection process were the full coverage of all the required business and regulatory compliance needs, and the ease of integration with multiple custodians.

“The transformation process went very smooth thanks to the direct access and no-nonsense approach of Objectway,” affirmed Hans De Schouwer, Founding Executive & Compliance - IT Director at Accuro.

“Accuro is one of the few boutique wealth managers in Belgium that offer both discretionary and multi-asset class advisory services to their clients. Especially the advisory model is heavily under pressure due to increased regulations to protect investors. We are proud that Accuro has identified and trusted Objectway as the best provider to support and evolve their service models. The implementation progressed in a very collaborative and transparent way, with special attention to the specific needs and focus points indicated by Accuro to preserve their own identity. With this win, Objectway strengthens its position as trustworthy partner for the delivery of high-personalised products and services in the Wealth Management space,” said Kurt Vanhee, Managing Director Continental Europe and North America at Objectway.

Since 2019, Utimaco has been led by its current CEO, Stefan Auerbach. “We are all incredibly proud to have reached this stage of our journey. We are now a global company on a very rapid growth trajectory, but more importantly the cybersecurity marketplace knows the name Utimaco,” says Stefan Auerbach, CEO of Utimaco. “We have become a mark of trust throughout the world, and when companies are looking to create or improve upon security solutions, they know that we have everything they need and will always be on the cutting edge of security technology.”

He added: “We are able to achieve this because of the work of Horst Görtz, not just in setting up the company, but establishing a culture that we strive to continue to this day, of a great team spirit, and an innovative strength that has always been alive in Utimaco.”