Yaydoo, the leader in B2B transactions with solutions for accounts receivable, payables, and enterprise procurement in LATAM, acquired payments platform Oyster Financial. The acquisition consolidates Yaydoo's position as the largest B2B payments solution provider in the Latin-American market. Vilash Poovala, CEO of Oyster Financial and previously CTO of Clip, will become Chief Technology Officer of Yaydoo.

The acquisition comes about as a result of the complementary potential of the two companies' solutions, facilitating integration with different accounting systems and ERPs. The combined solution allows payments and collections to be made through various leading financial management software, such as CONTPAQi - all through Yaydoo's centralized platform. The combined organization will leverage Oyster's integrations and functionalities to expand its distribution channels, and customer reach into SMBs, thereby reducing the financial inclusion gap for more companies, by unlocking a wide range of affordable solutions that meet their respective budgets.

Sergio Almaguer, CEO and co-founder of Yaydoo, said: "This acquisition consolidates our leadership in business payments and accelerates our growth, enabling many thousands of companies to collect and pay through the software they already use to run their operations. We are confident that Oyster's technology and Vilash's expertise will enable us to scale our solutions to achieve the impact we are looking for across the Americas."

Oyster Financial was founded in 2018 by Vilash Poovala and Gabriel León with the purpose of providing the best technological tools for businesses to achieve their growth. Since then, Oyster has enabled Mexican SMEs to collect and receive payments within 24 hours and have gained 67,000 customers in only 2 years. In 2021, Oyster launched its payment links product, which allows businesses to have a solution that can be integrated with other accounting and administrative software systems. This allows businesses to automate all customer relationship management (CRM), enterprise resource planning (ERP), inventory monitoring, logistics and accounting systems. 

"We are excited to be part of this great vision of growth and look forward to using the combined solutions to help SMBs get the very best in financial services, that will benefit the entrepreneurial ecosystem, demonstrating that there are alternative avenues other than investment." Vilash Poovala, CEO of Oyster said. "By merging with Yaydoo we will be able to focus on addressing platforms that already serve many of these SMBs that are part of our target segment." 

Oyster Financial's technology has a payments architecture designed to scale exponentially across the Americas, and it has recently finalized a deal with CONTPAQi, one of Mexico's largest ERP pioneers in accounting and administrative software, to enable businesses to collect and pay through its platform. 

Implementing tools to increase SMB's financial liquidity is a necessity that is largely driven by inflation. In the last year, 43% of CFOs prioritized the adoption of business technology solutions, such as CRM and ERP management systems, in their economic recovery strategy, according to the Dynamic Finance Organization survey, conducted by Dun & Bradstreet Finances.

This acquisition is part of a wider market consolidation in B2B payments. Yaydoo, itself, was recently acquired by Paystand, the largest blockchain-enabled B2B payments network, propelling the combined company to the list of fintech unicorns in the Americas. Oyster now joins the Yaydoo and Paystand family of solutions to simplify and decentralize the processes of making and receiving corporate payments in the US and LATAM. 

"For Paystand and Yaydoo, adding Oyster is just the beginning of a shared journey of market growth that begins in the United States and Mexico, and positions our combined company as the fastest growing B2B payments network on the continent," said Jeremy Almond, CEO, Paystand. 

"During a period of market uncertainty, our value proposition of improving the mission-critical cash cycle for businesses, is a top priority for SME business and finance leaders. Our position as one of the fast-growing and scaled companies in this space is a huge opportunity to transform the global B2B payment market. We look to both grow and consolidate the market, and we have a healthy balance sheet and cash position to be able to do so going forward," concluded Almond, speaking at the front lines of the Money 20/20 conference in Las Vegas, NV.

Money 20/20 is the event that brings together the most important players in the Fintech ecosystem such as the leaders of Yaydoo and Paystand. To find out more about their solutions visit the booth 4716 throughout the event.

Dragonfly Financial Technologies Corp., a digital banking and treasury management FinTech, today announced its expanded FinTech ecosystem. Through strategic partnerships with open finance platforms Ninth Wave and Prolific Banking, Dragonfly will further provide banks with secure, seamless connections to popular fintech applications and industry-leading enrollment-as-a-service solutions. 

"We're building our FinTech ecosystem to provide banks with best-in-class services — so they can deliver feature-rich, banking-as-a-service to their corporate and small business customers," said Jim Gillespie, chief product officer at Dragonfly Financial Technologies. "Prolific and Ninth Wave are in lockstep with our vision to deliver tremendous innovation and value to our customers' businesses through our features, user experience and API integrations that business banking customers want."

Through its partnership with Ninth Wave, Dragonfly is accelerating the ability to add additional core functionality to its recently launched FinTech Integration Center, which provides real-time connections to applications including QuickBooks Online, QuickBooks Desktop, Oracle NetSuite, Xero and Quicken. Dragonfly will invest in adding additional popular fintech applications for CRM, property management and other use cases. 

"We're thrilled to announce this partnership with Dragonfly, helping them accelerate the delivery of innovative services and solutions to their corporate and business banking customers," said Cameron Taylor, Chief Product Officer, Ninth Wave. "Ninth Wave is focused on providing real-time, integrated open finance solutions that connect banks to leading accounting, CRM, property management, and treasury management systems, and Dragonfly's commitment to delivering a best-in-class, comprehensive offering in this space makes it a natural partnership."

Dragonfly's partnership with Prolific Banking integrates Prolific Banking's On-Ramp solution with Dragonfly's Universal Online Banker digital banking platform — enabling Dragonfly to support enrollment-as-a-service. On-Ramp, based on the Prolific Open Digital cloud platform, successfully utilizes Dragonfly APIs, providing automated enrollment of digital business banking customers and services to Dragonfly's Universal Online Banker.

"Our On-Ramp automated enrollment service provides a truly open solution and integrating with Dragonfly's Universal Online Banker is key to providing exceptional value," said Scott Graf, Prolific Banking president and founder. "We're excited to assist Dragonfly in helping their customers automate the digital platform enrollment and provisioning process."

Biz2X announced the introduction of the new Ascend Edition of its award-winning platform today at the Money 20/20 conference in Las Vegas. This edition of the Biz2X Platform brings even more capability to Biz2X’s business lending platform and is now available to banks and lenders across the country.

The Ascend Edition of Biz2X offers all the benefits of the latest technology from the New York-based software company. Key features of the new edition include:

• An improved platform interface for bankers with a smart dashboard that improves work efficiency;
• A new generation of the company’s machine-learning-based risk scorecard;
• Improved automated lending checklist and verification view mode for loan underwriters; and
• Provides an expanded network of third-party integrations to unlock even more lending insights.

With the release of this new edition, the platform continues to support every step in the loan origination process with its industry-leading digital customer journey and to enable unrivalled opportunities for configuration so lenders can control each aspect of their business credit workflows in a single platform.

“We pride ourselves on challenging the status quo in digital lending with our technology,” said Rohit Arora, co-founder and CEO of Biz2X and Biz2Credit. “We developed the new Ascend edition of Biz2X to take a user-centric approach that helps our clients improve loan processing efficiency and achieve greater success in business lending.”

Key Benefits of Biz2X Ascend for Lenders:

• Flexibility and Configurability - Credit workflow, hierarchy, and access control to change settings
• Decision Automation - Surfacing notifications, flags, and risk-based approvals
• Ease of Use - Reducing training time, friction, unnecessary clicks, and displaying critical items
• Maximize and Digitize Data - Expanded network of integration partner to simplify data pulls

Learn more by reading about the Biz2X Platform on the company’s website.

“In developing the new Ascend edition of Biz2X, we worked closely with our clients to understand the increasing demands of credit teams everywhere,” said Aaron Traub, Chief Product Officer at Biz2Credit. “We took a proactive approach to ensure that the re-designed Biz2X dashboard makes vital lending information accessible at a banker’s fingertips. In turn, Biz2X Ascend is helping our clients view key insights, and process loans even faster to meet client expectations in today’s digital-first market.”

“The launch of Ascend is part of Biz2X’s mission to help banks be successful in business lending,” Arora added. “Biz2X is the platform chosen by business lenders to grow their lending volumes with confidence, thanks to the combined impact of the platform’s superior digital customer experience and enhanced risk management features.”

Biz2X will host a special “first look” webinar for bankers to introduce the Ascend edition of the platform. Click here to register and get notified when the event is scheduled.

Lendistry, a minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification, announced today the closing of a private placement (the "Offering") of $85 million aggregate principal amount of unsecured Fixed to Floating Rate Senior Notes due 2027 (the "Notes"). The Notes received an investment grade "A" rating from Egan Jones and will mature on Oct. 31, 2027, unless earlier redeemed at Lendistry's option after two years.

Investors in the Notes include 25 socially responsible banks, insurance companies and ESG-focused institutions, including those looking to make impactful and socially responsible investments that elevate small business owners and underserved businesses.    

Since its inception in 2015, Lendistry has deployed nearly $9 billion in loans and grants to approximately 600,000 small businesses supporting approximately 2 million jobs. Lendistry serves as an administrator of billions of dollars in grant and loan funds for federal, state and local governments and is the parent entity to the country's only African American-led, SBA-designated Small Business Lending Company.  

Everett Sands, Lendistry's CEO, stated, "We couldn't be more excited to announce this unique round of funding for Lendistry, which provides cost-efficient capital that will amplify our platform in providing access to capital to underserved small businesses and their communities at responsible rates and terms. The entrepreneurial spirit is strongest in the small business community, and especially many underserved markets that we are proud to support." Mr. Sands further commented, "As our first institutionally led capital raise, we are elated with the amount of participation and its execution, which exemplifies Lendistry's scarcity value in our ability to raise attractive capital, at size, despite a difficult capital markets backdrop. We thank our new partners for their participation as Lendistry continues to elevate its network to reach more underbanked businesses across the United States."

Performance Trust Capital Partners served as the exclusive financial advisor to Lendistry and the sole placement agent in the Offering. Honigman, LLP served as Lendistry's legal counsel in the Offering. Luse Gorman, PC served as legal counsel to Performance Trust.

When it comes to learning to trade in different markets, choosing the right platform is crucial. Most of the platforms are suited for the specific market of the specific level of knowledge. Additionally, these platforms are very promotional which makes it difficult to find the most right for you and your needs.

If you select the wrong and irrelevant platform for learning to trade in Forex, it can cause you to miss out on important information and opportunities. It can also lead to frustration and confusion as you try to figure out how to use the platform. In worst-case scenarios, selecting the wrong platform can even cause financial losses.

In this article, we will outline more importance of selecting the right and user-friendly platform for learning to trade and also will introduce one of the great and new solutions which can make your first steps in Forex the best experience.

LearnFX.com As The Best Guide During The First Step In The Forex Market

LearnFX is a special and good platform to start learning to trade Forex because it offers a number of advantages that other platforms do not. For example, LearnFX provides access to real-time market data and analysis tools that can help you make informed trading decisions. The platform can boost your confidence as it is very customer-friendly. Finally, LearnFX offers competitive pricing on its services, which means you can get started trading without breaking the bank.

LearnFX offers a number of unique features that make it an attractive option for those looking to learn about Forex trading. Firstly, the platform is completely free to use – there are no subscription fees or hidden costs. Secondly, visiting https://learnfx.com provides access to a wide range of resources including video tutorials, articles, e-books, and more. The best thing is that they are changeable and the platform always updates them. It increases diversity and learning possibilities. Finally, the LearnFX community is very active and supportive, providing users with a valuable support network as they navigate the world of Forex trading.

Important to note that learnfx materials will be from the experts of the Forex market. This is because they have a lot of experience and knowledge in this field, so they can provide you with accurate and reliable information. In addition, they can also offer you tips and advice on how to trade effectively in the Forex market. Also, LearnFX has a type of exam that includes questions about the Forex market. The structure of this exam is designed to test your knowledge of the market and how it works. The difficulty of passing these exams depends on a number of factors, including how well you have prepared and how comfortable you are with the material. If you are confident in your abilities and have put in the necessary work, then passing exams should not be too difficult. However, if you are unsure of yourself or have not studied enough, then it could be more challenging.

The platform is not only for beginners but for those who have theoretical backgrounds in the Forex market. For people who only aim to improve their practical skills that will develop their Forex trading strategies, learnfx is a good option too. More specifically, one way a person can improve their practical trading skills is by using learnfx specific educational assignments.

By learning more about these topics, a trader can become more skilled at making trades that are profitable. In addition to learnfx educational resources, another way to improve practical trading skills is by practicing with a demo account. This is the best alternative to check the knowledge for risk-free.

Importance Of Learning Experience In Forex And Expectations From LearnFX

It is well-known that the FX market is very volatile. So having a good learning experience is essential, especially for beginners. By creating a good experience, we can ensure that we understand the risks involved and are more likely to make money in the long run.

Forex trading can be difficult to master, especially for those who are starting out for the first time. The main challenges when learning to trade Forex include understanding technical analysis, mastering one's emotions, and having patience. Technical analysis can be difficult to learn at first, but it is a crucial tool in Forex trading. Mastering one's emotions are also important, as traders must remain calm and collected in order to make sound decisions. Finally, patience is key in Forex trading; success seldom comes overnight and often requires months or even years of dedication and practice before real progress is made.

So as the reality is quite complex, it is essential to collect a good experience in the early stages of learning FX trading. By starting to learn Forex trading on LearnFX, you can get a good understanding of the different aspects of trading and how to make money from it. The course is designed to help you understand the basics of Forex trading and give you the skills you need to start making money from it.

Temenos today announced the availability of a carbon emissions calculator – one of the industry’s first - giving its customers deeper insight into carbon emissions data associated with their consumption of Temenos Banking Cloud services.

This approach has been introduced by Temenos to estimate its own cloud and SaaS operations’ carbon emissions. The calculator’s methodology has been independently verified by Grant Thornton, one of the world’s leading accounting and consultancy firms. The calculator leverages the data provided by Microsoft Cloud for Sustainability Emission Impact Dashboard services, to report carbon emissions metrics.

This new Environmental Social Governance (ESG) offering is provided to Temenos Banking Cloud customers as a tailored carbon impact assessment at no cost to help them gain carbon insights from using Temenos Banking services, allowing them to track progress towards reaching their sustainability targets and complying with growing climate-related regulation. The emissions calculator is embedded into the Temenos Banking Cloud client portal.

Migrating from legacy IT systems to cloud-based services can significantly improve carbon emissions. Banks are facing new reporting requirements from industry bodies such as the International Sustainability Standards Board (ISSB), which require them to provide deeper levels of transparency into their carbon emissions. Temenos helps meet these requirements by delivering a complete set of data on cloud emissions for each client in addition to the data provided by Microsoft on their Azure consumption. This enables banks to quantify the carbon impact annually from their Temenos Banking Cloud subscription, as well as see estimated carbon savings from running their workloads in the cloud vs. on-premises data centers.

Banks running on Temenos Banking Cloud enjoy benefits of over 90% in carbon emission savings compared to on-premise IT infrastructures. Temenos Banking Cloud is powered by Azure and uses services like Azure Kubernetes Service, Azure Functions, Azure SQL and more.

As an example, Flowe, a cloud-enabled digital bank built on green principles and powered by Temenos is carbon neutral.

Ivan Mazzoleni, Chief Executive Officer, Flowe, said: “We are proud that Flowe is the first digital bank in Italy to be certified as a B-Corp and is also Benefit and carbon-neutral. Flowe went live in a record time of just five months, and we onboarded 15,000 customers in our first week alone reaching more than 600,000 clients today. Supported by Temenos Banking Cloud on Microsoft Azure, we’ve been able to bring new products to market quickly and offer truly personalized experiences in line with our sustainable mission. With Temenos, Flowe can grow sustainably, passing on benefits to customers for a cleaner, greener planet and a better society.”

EQ Bank is carbon neutral in its operations and supported by the Temenos Banking Cloud it has achieved a 93.5 to 97.1% reduction in emissions compared to having an on-premise infrastructure.

“Temenos and Microsoft have been model partners to EQ Bank,” said Andrew Moor, Chief Executive Officer at EQ Bank. “They share our focus on ESG issues and readily provide a detailed breakdown of their carbon footprint whenever we request it. Using the Temenos Banking Cloud, we understand and can further reduce our carbon footprint, as we aim to set the standard for responsible, low-carbon banking in Canada.”

Max Chuard, Chief Executive Officer, Temenos, said: “Our mission is to help our clients with their digital transformation while providing them with the open cloud platform to transition to a low-carbon global economy. With this unique carbon emissions calculator, we are empowering our cloud customers to reduce the impact of their own operations and achieve their sustainability goals. We are transparent with our climate action commitments, determined to reduce our own environmental impact by setting science-based targets and improving the carbon efficiency of our products while helping our clients transform into smart, sustainable organizations.”

Bill Borden, Corporate Vice President of Worldwide Financial Services, Microsoft, said: “The world's path to net zero depends on reliable and consistent measurement. This aspect is central to holding countries, industries and companies accountable for progress. We are pleased to be putting our combined strengths to work helping banks and financial institutions worldwide innovate faster using cloud capabilities to grow their business while meeting sustainability commitments.”

Temenos recently launched an ESG Investing-as-a-service helping banks and wealth managers meet the growing demand for sustainable investing.  The company has embedded sustainability within its operations, value chain and product offering, with strong ESG governance, reporting and measurable targets. Temenos is also a part of a community of leading companies working with the Science Based Targets initiative (SBTi) to commit to science-based emissions reduction targets that are consistent with keeping global warming to 1.5 degrees Celsius. Temenos has cemented its leadership in the FTSE4Good and S&P Sustainability Indices and it has also been awarded an A- rating by the Carbon Disclosure Project (CDP). It has also obtained platinum recognition, placing Temenos among the top 1% performers assessed by EcoVadis.

Thought Machine, the cloud-native banking technology company, today announces it has been inducted into JPMorgan Chase's Hall of Innovation. The Hall of Innovation is a small group of technology companies selected yearly and recognised by the bank for their superior product quality and market-leading position.

"Thought Machine has been helping us modernize the core banking technology that powers a variety of products and services used by the more than 66 million households we serve across the United States," said Gill Haus, Chief Information Officer for Consumer & Community Banking at JPMorgan Chase. “We are thankful for their support and look forward to continuing to innovate as we migrate to their cloud-native core banking platform at scale.”

 "To enter JPMorgan Chase’s Hall of Innovation is a testament to our work and shows the importance of modern core technology for Tier 1 financial institutions. This is an important milestone for us, and we look forward to continued work with JPMorgan Chase as it transitions to our cloud-native core technology," says Paul Taylor, founder and CEO of Thought Machine.

BNY Mellon today launched Vaia, its new aggregated payment platform that gives US-based institutions access to the latest digital payment options for disbursements.

Through a single integration with BNY Mellon, institutions can now provide their payees with access to Vaia's wide range of payment choices – including real-time payments via RTP^®, Same-Day ACH, Tokenized Payments with Zelle^®, and debit cards – all on a client-branded front end. This could significantly reduce the time and resources needed for businesses to connect with all available payment rails.

"End customers want greater choice in how they are paid, but with so many digital payment options emerging, businesses are struggling to stay up to date with, and connected to, the latest capabilities," says Jennifer Barker, CEO of Treasury Services at BNY Mellon. "Vaia does the heavy lifting to ensure that our clients' end customers always have access to the latest suite of digital payment options."

The new platform was built in collaboration with Verituity, a cloud-based solution that connects banks, payers, and payees to first-time and on-time digital payouts. Earlier this year, BNY Mellon announced that Verituity had joined its Accelerator Program, which fosters collaboration with the best-developing technology companies to create next-generation solutions for emerging business challenges.

Vaia leverages BNY Mellon's Account Validation Services to verify payee identities and validate accounts end-to-end, helping to mitigate payment fraud and deliver a safe and efficient payment process. Going forward, Vaia will also continue to add the latest payment innovations to its portfolio of solutions, ensuring that clients and their payees have access to the most up-to-date digital payment options.

Vaia is currently available to BNY Mellon clients in the US, with plans to support cross-border payments in future roll-out phases.

Highline Technologies, the payments fintech that unlocks payroll-linked lending and billpay, announced it has officially joined the American Transaction Processors Coalition (ATPC).

The Atlanta-based ATPC works through government affairs activities and public relations initiatives to promote and protect the payments industry. Highline will lend its voice and efforts in supporting ATPC’s ongoing work with fellow member companies, community leaders and government officials to raise the profile of the payments processing space, promoting innovation and spurring growth.

“We are excited to have Highline join the ATPC team. They bring a unique perspective and expertise that is critical when educating legislators about the essential role the payments processing ecosystem plays in empowering consumers and small businesses to succeed in an increasingly digital economy,” said ATPC Executive Director West Richards. “The ATPC convenes players in the payments ecosystem to share best practices on issues like cybersecurity, privacy, and financial inclusion and we look forward to Highline’s fresh insights.”

Last month, Highline CEO Geoff Brown met with members of Congress as part of the ATPC’s annual Capitol Hill fly-in. “The rapidly evolving payments space is not only full of opportunity but also challenges, and it’s critical those voices leading the efforts are heard and supported,” commented Brown. “Highline strongly believes in ATPC’s mission to promote our vital industry and we look forward to working together alongside our peers to help further advance it.”

Jifiti, a leading fintech company, announced today the launch of its business-to-business (B2B) BNPL solution. Any bank, lender and merchant that caters to business customers can now offer BNPL in their own brand, embedded directly into the user journey, without a middleman. 

With the addition of B2B financing, Jifiti now facilitates every Buy Now Pay Later option for leading banks, lenders and merchants globally, online and in-store, through a single platform. Merchants that would like to offer B2B-embedded financing can connect to Jifiti's platform via e-commerce plugins, simple API integration or use Jifiti's zero-integration virtual card technology. 

Jifiti is rolling out its B2B solution to multiple partners across international markets, including top retail brands and financial institutions. Merchants can now support their business customers easily and seamlessly, offering them more payment options that were not previously available to them. Business buyers require specialized BNPL solutions as the purchasing amounts are higher, approvals are more complex and they require different loan terms than consumers. 

Jifiti's modular platform supports every BNPL option, including split payments, instalment loans, lines of credit and now B2B loans. As the platform is white-labelled, the financial institution and merchant retain full customer and data ownership and are able to build brand loyalty. 

"The B2B market was the next logical step in our journey at Jifiti. We aim to give every customer the financing that best suits their needs. Now, we can help our bank and merchant partners extend that same level of customization to their business customers through specialized B2B-embedded finance," stated Yaacov Martin, CEO and Co-Founder of Jifiti.