Kiwibank has successfully gone live with ACI Worldwide’s Enterprise Payments Platform, a managed cloud solution that will process all of Kiwibank’s account-to-account real-time payments.

“Aligned with our vision for transformation and to build a new, modern, flexible tech stack, the ACI Enterprise Payments Platform is vital for future-proofing our payments system. By moving everything to ACI’s platform, we’ve replaced over 50% of the tech underpinning our banking solutions and opened our business up to embrace technology faster, while maximising performance and enhancing security,” said Mark Stephen, Kiwibank Chief Customer Officer.

“We’re the first bank in New Zealand to do this, and we’re really excited about what it means for our customers. Future phases of our migration will include moving domestic and international payment functionality out of our old systems and onto ACI Enterprise Payments Platform as well as offering services like real-time payments,” said Stephen.

Working with ACI to move its infrastructure to the cloud provides Kiwibank access to cutting-edge technology at scale to streamline operation of multiple, and growing, payments services. “This significantly improves our readiness for future innovation. It also means we will be able to implement change at lower cost and lower risk, not having to work around multiple systems, utilising the expertise of the ACI managed service model,” commented Stephen.

“We’re always working to improve our offer of being simple, easy, accessible and providing expertise for our customers, this move will help us deliver on that promise. ACI has helped us provide the tools our customers need in today’s fast-moving society. It’s a really exciting time for us as we continue to grow and gear up for future growth of the bank,” said Stephen.

For ACI Worldwide, this project epitomizes how ACI’s technology and global expertise can help our customers meet the increasing demands of their customers and their markets. “The cloud-native managed service Enterprise Payments Platform solution is a transformative move for Kiwibank to leapfrog the competition. It enables the bank to realize the convergence of all payment rails and offers scalability and flexibility to bolt on additional technology solutions without having to build the architecture from the ground up. We’re very excited to have implemented such an advanced solution for one of New Zealand’s leading banks,” said Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide.

The Reserve Bank of New Zealand has urged local banks to pick up the pace in New Zealand's journey towards real-time payments. New Zealand’s economy could benefit from additional economic growth of $271 million, or 0.1%, by 2027 if the country were to introduce a domestic real-time payments scheme, according to a study by the Centre for Economic and Business Research commissioned by ACI and Payments NZ, the payments industry association responsible for the governance of New Zealand's core payment systems.

Kiwibank is a long-standing ACI banking customer, leveraging ACI’s ATM/POS and AI-powered Fraud Management solutions. The strategic partnership with ACI marks a significant milestone in Kiwibank’s digital transformation efforts and sets the foundation to unlock the benefits of real-time payments.

To scale its credit business and streamline the management and operation of its private debt portfolio, NorthWall Capital, a London-based credit investment firm offering private capital solutions, has adopted the Sentry loan portfolio management solution from global Fintech leader Broadridge Financial Solutions, Inc.

"As we enter our next phase of growth, the adoption of Sentry will be invaluable in strengthening our current technology infrastructure and empowering our firm to scale its private credit offering," said Ian Lokkerbol, founding partner and chief operating officer, NorthWall Capital. "We were quickly impressed by the superior functionality of Sentry, and we look forward to leveraging it to streamline our investment operations and equip our team with the tools they need to continue building strong, opportunistic portfolios for our clients."

"By automating critical investment management functions and supplying fund managers with technology that allows them to make more informed decisions, Broadridge's Sentry solution is enabling transformation in the private credit industry," said Mike Sleightholme, Broadridge's president of international and head of asset management solutions. "We are pleased to provide NorthWall Capital with our award-winning solution and are excited to see the opportunities it will create for the firm through operational efficiencies and long-term business growth. Broadridge continues to empower high-performance asset managers and alternative investment managers by delivering flexible technology solutions and insights that provide the confidence and the agility to pursue growth in any market climate."

Broadridge's Sentry solution brings greater accuracy and transparency to the private credit process and provides front-to-back-office functionality to increase overall efficiency. Sentry is a scalable web-based solution that captures, calculates and analyses the borrower's KPIs, monitors the pipeline, improves credit selection, and creates reusable covenant rules. Besides managing day-to-day loan administration, Sentry allows users to monitor compliance issues and reconcile and aggregate data.

JustPaid, the AI-powered FinTech company, has just announced new capabilities for its conversational AI financial chatbot. The chatbot is being enhanced to provide more tailored and dynamic insights for users based on their specific financial needs and feedback.

The chatbot will feature custom action tiles and metrics tailored for topics like cash flow, allowing founders and business operators to have more focused conversations. Financial data from sources like QuickBooks and Chase Bank are connected to provide context on where insights are coming from.

Part of JustPaid’s overarching vision for the chatbot is to integrate with Stripe and other tech-leading money movement vendors, allowing company operators, bookkeepers, and accountants to process transactions seamlessly and directly within the chatbot, and thus providing a more straightforward experience for payments and services.

Leveraging new AI technology, the financial chatbot will display interactive components for a richer experience, opening up possibilities to visualize cash flows and other financial data over time in a more engaging format.

“We are committed to creating the best financial experience possible for businesses,” says Anelya Grant, co-founder of JustPaid. “Business operators should be able to interact with financial data and know what is happening in real-time.”

Chat.justpaid.io aims to provide everything startups need for financial management and conversations in one place through its conversational interface. The new features announced today further this mission by enhancing insights, integration, and interactivity.

“We are aiming to have a super context-relevant focused chat, so that when you log in, the chatbot immediately tells you what is happening in your business with real-time tiles,” says Vinay Pinnaka, co-founder of JustPaid. “If something changes in the business, you’ll know immediately.”

Airbase, the leading procure, pay, close software to stop uncontrolled spend, today announced a strategic collaboration with Sardine, the leader in behavior-based fraud management. Airbase and Sardine’s partnership underscores a shared commitment to enhancing customer financial security against a backdrop of soaring vendor and payment fraud.

“Airbase has been an amazing partner to us. Together, we’ve created the safest way for companies to procure, pay, and close their books,” said Soups Ranjan, CEO of Sardine. “We’re excited to expand our relationship with Airbase and help them onboard and serve more legitimate customers in a frictionless way.”

“We are constantly at the forefront, fighting against fraudulent attacks on our customers. Our partnership with Sardine, marked by a deep and seamless integration, significantly bolsters our risk management capabilities,” says Nayeem Mano, VP of Risk Management at Airbase. “This collaboration isn’t just about combining efforts; it’s about leveraging Sardine’s powerful software to enhance the vigilance and effectiveness of our risk team.”

Under the stewardship of CEO and Founder Thejo Kote and CFO Aneal Vallurupalli, Airbase maintains a steady commitment to trust and safety. The company prioritizes long-term strategies over short-term gains, investing in personnel and technology to ensure a resilient operational foundation.

“In a rapidly transforming market, our focus on fraud prevention and our commitment to protecting our customers’ funds will remain steadfast,” asserts Vallurupalli.

Sardine’s unique approach to fraud prevention resonates with Airbase. “Collaborating with Sardine feels like expanding our internal team,” explains Airbase’s Manager of Fraud and Chargeback, Preston Miller. “Their deep understanding of fraud, combined with their flexible product, enhances our ability to offer superior fraud prevention to our customers.”

This strategic collaboration with Sardine underscores Airbase’s commitment to safeguarding customer finances and reinforces its standing as a trusted spend management platform.

Tarabut, MENA’s first and largest Open Banking platform, today announces its partnership with BENEFIT, Bahrain’s leading FinTech company and the national electronic payment infrastructure operator, introducing a new consent authentication method to streamline Bahrain's Open Banking ecosystem.

Through Tarabut’s advanced Identity Verification product, and regulator-approved application programming interface (API), BENEFIT users can consent to accessing Open Banking services directly in the BENEFIT app and others.

The partnership will enhance customer experience by eliminating the scattered customer journeys typified by the need to switch between notifications and bank apps. The Tarabut-BENEFIT collaboration paves the way for a cohesive, enhanced experience, poised to significantly boost user conversions. The integration includes app-to-app deep linking, improving the authentication model for users in Bahrain to quickly link their bank accounts, regardless of the bank. This alliance ensures consistent access to a wider range of financial products, fostering competition and enhancing experiences across all financial services in Bahrain.

Tarabut Founder & CEO, Abdulla Almoayed says about the partnership, “This partnership leverages Tarabut's extensive experience and pre-existing integrations, combined with BENEFIT's widespread adoption and transactional capabilities, to create a synergy that pushes the whole ecosystem forward. What truly defines our integration is the shared capability to not just adapt to the Open Banking evolution, but to lead it for the Kingdom as a whole. By leveraging our resources and expertise, we have developed a groundbreaking solution that sets a new standard, ensuring unparalleled sophistication and user-centric design unmatched by any other offering in the region.”

Abdulwahed AlJanahi, Chief Executive at BENEFIT says about the partnership: “Our partnership with Tarabut is instrumental in unlocking the full potential of Bahrain's Open Banking landscape. By simplifying financial connectivity and harmonizing user journeys, we're forging a enahnced experience that sets new standards. This milestone underscores our mutual dedication to bolstering Bahrain's stature as a pivotal FinTech hub within the region, aligning closely with the national drive towards digital transformation and emergent technologies.” AlJanahi added: “This is part of our solid commitment toward paving the way for innovation in the sector”.

Yousif AlNefaie, Deputy Chief Executive of BENEFIT, says: “This strategic partnership with Tarabut represents a paradigm shift in Bahrain’s Open Banking landscape. By seamlessly integrating our platforms, we're not just redefining user experiences; we're pioneering a new era of financial connectivity. This is yet another testament to our shared commitment to advancing Bahrain's financial ecosystem and propelling it to unprecedented heights." Moreover;” This is a key strategic direction for us and goes in line with the national directions as the financial sector continues to be a remarkable contributor to the economy”.

With the vast number of users, licensing from the Central Bank of Bahrain, and support from some of the top banks in the country, BENEFIT has emerged as a cornerstone in Bahrain's FinTech and Open Banking scene. Elevating this partnership is a crucial step in building customer trust and driving increased adoption and conversion rates within the Open Banking ecosystem. The Tarabut-BENEFIT collaboration paves the way for a cohesive, enhanced experience, poised to significantly boost user activity.

This strategic initiative empowers consumers to select banking services and tools tailored to their preferences, fostering a more inclusive financial ecosystem within the country. This shift holds the potential to significantly improve the financial well-being of millions, representing a development of crucial importance extending well beyond the realm of Tarabut.

 YNAB, an app and set of habits for your money, is among the first to integrate Apple's new FinanceKit API providing direct access to Apple Card, Apple Cash, and Savings with Apple Card transactions within YNAB.

YNAB helps users align their money with their priorities through a simple set of spending habits; direct access to Apple Card makes it faster and easier for users to view transactions and have total clarity of their spending. Apple Card, Apple Cash and Savings with Apple Card transactions now seamlessly sync with YNAB to reflect real-time spending, making it simple to always be up-to-date.

"We are thrilled to be one of the first apps selected by Apple to bring this feature to life," shares Todd Curtis, CEO of YNAB. "Since 2004, YNAB has been focused on helping people change their relationship with money, and we are excited that this integration will enhance the YNAB experience for Apple Card holders, making it even easier for them to spend confidently, save aspirationally, and even give joyfully."

DailyPay, a proud launching partner for Visa+, announced today that the innovative new service is available to DailyPay's millions of users nationwide.

Launched in late 2023, the mission of Visa+ is to create an interoperable future, where paying across services is as seamless as using any one service, benefiting both consumers and payment app providers.

Now, all DailyPay users nationwide will have the opportunity to deposit their earned wages, prior to a scheduled payday, directly to Visa+ linked accounts where they can leverage other person-to-person digital payment apps. This empowers the DailyPay user to pay bills, spend, invest, or move money to friends/family on their own schedule.

DailyPay currently partners with America's leading employers who offer the financial wellness benefit to their employees. In 2023, DailyPay moved $19 billion on its work tech platform, clearly demonstrating that earned wage access has arrived as an essential benefit for the American worker.

"The future of payments has arrived," said Dekel Beeri, Product Strategy, DailyPay. "We are thrilled to be part of the launch of Visa+, which will allow DailyPay's millions of users to move money quickly, safely, and securely between DailyPay and other world-leading person-to-person digital payment apps, as part of this game-changing new platform."

Uber today announced a new partnership with Mastercard and Payfare to launch the Uber Pro Card, providing free instant payouts after every trip or delivery and enhanced loyalty features for drivers and delivery people on the Uber platform in Canada, powered by Payfare’s leading digital banking app and platform.  Built specifically for the needs of drivers and delivery people, the Uber Pro Card offers exclusive cash back rewards helping to save up to 4% on gas, up to 8% on electric vehicle charging, and other everyday expenses.

“At Uber, we look to support drivers and delivery people with flexible options to access their earnings,” said Michael van Hemmen, General Manager of Mobility for  Uber Canada. “Through our partnership with Mastercard and Payfare, the new Uber Pro Card will enable drivers and delivery people to make the most of their earnings through exclusive cashback rewards.”

Qualifying cardholders will also be eligible for the Backup Balance4 feature, enabling drivers and delivery people to access up to $50 when they need it most.

“App-based workers, including drivers and delivery people on Uber, play an integral part in our economy and they require flexible financial products to meet their unique needs,” said Balinder Ahluwalia, Senior Vice President Market Development, Mastercard in Canada. “Through this partnership with Uber and Payfare, we are enabling app-based workers to scale their business by providing them with cash flow when they need it most.”

The Uber Pro Card will be available via mobile wallets and enables seamless contactless payments, so drivers and delivery people can begin spending immediately. They can track earnings, transfer funds, earn rewards, and manage savings all through the Uber Pro Card app.

“Uber is our longest tenured app-based platform partner and we are pleased to expand our partnership with the all new Uber Pro Card in Canada,” said Marco Margiotta, CEO and Founding Partner of Payfare. “Free instant access to earnings and tailored incentives for gig workers help our cardholders every day while also benefiting our app-based platform partners with increased engagement of drivers and delivery people.”

The Uber Pro Card is a Mastercard Business Prepaid Card that can be used at all Mastercard acceptance points, offering flexibility. The card also provides built-in tools and benefits to help drivers and delivery people better manage cash flow, keep records, and safeguard their devices. This includes access to Mastercard Easy Savings, a rebate program to reward small business owners when they spend, Easy Savings Specials, providing offers for business essentials, and other benefits. The Uber Pro Card is separate from the Uber Plus Card that delivery people can use for shop and pay trips.

spektr, an innovative European startup committed to simplifying ongoing due diligence processes through automated compliance solutions, proudly announces the appointment of Reno Mathews as its Chief Compliance Officer.

Bringing over two decades of diverse compliance experience from esteemed organizations such as Citi, Google, Robinhood, Meta, and Trulioo, Mathews is renowned for his expertise in navigating complex regulatory frameworks within the financial sector.

“In many organizations, compliance teams are often neglected in the race for technological advancement. I’m excited to join a team of remarkable individuals dedicated to relieving this burden from compliance teams and crafting a tailored solution using the best technology and automation that meets their needs.” said Reno Mathews, Chief Compliance Officer of spektr.

In previous roles, Mathews led the development and implementation of compliance controls at a global scale, demonstrating his capability to manage regulatory obligations across various jurisdictions in all continents. His earlier roles, notably as the Chief Compliance Officer of Payments at Google, entailed close collaboration with regulatory bodies for his oversight of licenses and exemptions across a broad spectrum of jurisdictions including the US states, UK, Ireland, Lithuania, Malaysia, Korea, Japan, Australia, Thailand, Singapore, India, and Brazil.

During his time at Trulioo, as Chief Compliance Officer, Mathews crossed paths with Mikkel Skarnager, who had previously founded a client onboarding platform eventually acquired by Trulioo. Their shared vision for transformative compliance solutions led Mathews to join spektr, continuing their partnership in addressing industry challenges.

Mathews’ selection underscores spektr’s commitment to innovation and excellence in Ongoing Due Diligence practices for financial enterprises worldwide. His proven expertise in steering compliance frameworks across diverse sectors such as banking, payments, cryptocurrencies, and trading lays a robust groundwork for spektr to develop an innovative compliance platform enriched with automation capabilities.

RemotePass has raised $5.5 million in our Series A funding round, led by 212 VC and joined by prominent investors worldwide. This fresh injection fuels their mission to revolutionize remote work for companies and talent globally.

Born as a pivot from a business travel platform during the COVID-19 pandemic, they've grown into a 55-member strong team serving over 360 businesses in 50+ countries.

RemotePass stands at the forefront of HR and FinTech solutions, offering a comprehensive platform that simplifies the complexities of managing remote teams. By facilitating the onboarding, payment, and retention of remote employees, RemotePass caters to companies of all sizes, enabling them to leverage global talent pools without the need for a legal entity in each country.

RemotePass’s cumulative funding has now exceeded $10m, thanks to previous rounds of investment from notable entities such as BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs. This underscores the company’s robust financial foundation and its commitment to enhancing the remote work ecosystem.

Ali Hikmet Karabey, managing director at 212 VC, lauded RemotePass’s achievements, stating, “Witnessing RemotePass’s remarkable product growth and stellar customer service since early 2023 has solidified our belief in their visionary team and business model.”

Kamal Reggad, CEO and co-founder of RemotePass, echoed the sentiment of growth and opportunity, “Our platform helps democratize access to global opportunities, leveling the playing field for skilled individuals and enabling them to compete in a global job marketplace. This funding fuels our mission to empower countless lives and help global teams succeed.”