Match-Trade Technologies, a leading technology provider for forex brokers, introduces a refreshed version of its proprietary payment solution - Match2Pay crypto payment gateway.

After several months of hard work, the crypto payment solution popular among forex brokers using various CRMs appears in a new version. The rebranding was not limited only to the new layout and improved user experience of the payment processor app. The technology is now also available with the support of a regulated processing entity, Match2Pay UAB. The company is registered in the European Union (Lithuania) as a virtual currency exchange operator and depository virtual currency wallet operator and has a brand new website match2pay.com. 

To promote the rebranded version, Match2Pay is now offered without the minimum monthly fee for all the clients who sign contracts till the end of the year. The solution is available in 2 variants: a crypto wallet managed by the provider’s team and a self-managed solution with the client’s sole control over the wallet.

This crypto payment processor for business allows accepting cryptocurrency payments that can be instantly settled in USD-based stablecoins or FIAT currencies of the client’s choice, including USD, EUR and GBP. With a solution supported by the EU-regulated processing company, businesses can ensure that crypto flow is properly checked and can be later processed via most financial institutions. 

As a universal multi-crypto payment solution, Match2Pay supports over 100 coins but is also integrated with multiple exchangers like MoonPay, Mercuryo, itez, CEXIO to enable customers to buy cryptos using credit cards (or wire transfers). It is a perfect solution to offer secure and fast payment options that suits the needs of many industries, including e-commerce, online trading, gaming, gambling, VPN, hosting, SaaS and many more.

Clients can start accepting crypto payments worldwide within a matter of days, and the processor can be integrated with any 3rd party solution through Rest API. The technology provider guarantees advanced security with white-listed IPs and 2FA for withdrawals. Companies using Match2Pay can also benefit from detailed reporting tools and abusive customer protection.

Match2Pay holds this year’s Electronic Money Award for The Best Innovation in Payments Solutions. Your first chance to meet the team will be at the Finance Magnates London Summit in November.

• The fintech company with the highest valuation is FTX; the Bahamian cryptocurrency firm is the only contender outside the US to feature in the top 10. The company is currently valued at a whopping £28.2 billion, with funding at £1.6 billion.

• Chime is the most influential company in the fintech market in 2022, returning a score of 7.22 out of 10 in our index. The personal finance giant ranks second for funding (£2 billion) and latest valuation (£22 billion), behind Stripe and FTX respectively. 

• Between the 50 fintech giants included in the study, an average Fintech score of 4.99 was awarded, with overall funding for the industry leaders standing at over £25 billion.

• Trading in NFTs increased by 21,000% in 2021, and OpenSea - the world’s largest NFT marketplace - ranked second in the study. They boast the most twitter followers (1.8 million), as well as receiving 2,889,600 Google searches in the last 12 months. 

SH Digital, is a fully licenced digital asset trading platform, designed to offer the most fluid, reliable trading experience possible.

SH Digital will provide users with a suite of key services including, giving access to tier-one liquidity. Users will be given the ability to convert fiat currency into cryptocurrency through multiple on and off-ramps, all while providing access to multiple financial institutions. SH Digital has a trading license from DMCC, UAE and also a Virtual Asset Service Provider registration from Lithuania.

SH Digital was co-founded by Kevin Neuschatz and Mohit Davar. SH Digital will be led by Mohit Davar, global payments and crypto specialist and former CEO Of MoneyGram International with over 25 years of experience. The trading desk will be led by crypto specialists Thomas Puech and Nathanael Cohen who will serve as Managing Partner and Head of OTC desk respectively. The pair previously worked for the past four years in the cryptocurrency institutional ecosystem and founded INDIGO crypto Hedge-Fund.

SH Digital’s OTC desk allows for world-class liquidity, tailored to provide a “white glove”, personalised trading experience to crypto investors. This service allows corporate and institutional clients to perform high frequency/volume trades, supports arbitrage/hedge trading, electronic API trading, in addition to lines of trading and white glove settlement processing.

Mohit Davar, founder, SH Digital said:

“SH Digital is designed to offer users the ultimate trading experience, giving them access to a complete suite of services for all their investment needs, in a regulated manner. Our aim is to set the new standard for digital assets trading, offering access to services previously out of reach for many investors.”

Ayoconnect, Southeast Asia's largest open finance platform, has closed a US$13 million B extension financing round led by SIG Venture Capital with participation from CE Innovation Capital and existing investor fintech PayU, the payments and Fintech business of Prosus, increasing its stake.

A follow-on round to its oversubscribed Series B fundraise led by Tiger Global and closed in January 2022, the new funding will enable Ayoconnect to continue building out an exceptional leadership team, and to invest in product and technology development. The round will also facilitate the execution of Ayoconnect’s roadmap through both organic and external growth, which includes new solutions around payments, data and banking, and with new APIs planned for account opening and card issuing.

Ayoconnect’s vision is to drive financial inclusion for Indonesian consumers and SMEs working in conjunction with regulators and incumbent banks to facilitate this. As part of that strategy, Ayoconnect has recently been awarded a Bank of Indonesia (BI) Payment Service Provider (PSP) Category 1 license. The company is the only open finance player in the country to benefit from the credibility and reassurance of the central bank’s licensed regulation.

With companies increasingly focusing attention on cost control, Ayoconnect enables its business customers to launch new financial services faster and cheaper with its core infrastructure that is secure and regulated. The use of Ayoconnect’s APIs means companies can bypass the long and expensive process of building their own technology infrastructure from scratch, and without needing a BI license themselves.

Ayoconnect has also just launched automated recurring direct debit with seven of Indonesia’s biggest banks (Mandiri, BRI, BNI, CIMB Niaga, Danamon, Bank Syariah Indonesia and Bank Neo Commerce). The direct debit API, which can be integrated with minimum effort, is the first to provide Indonesian businesses with recurring capabilities that can instantly debit from customers’ saving accounts across multiple banks.

At a time when fintech funding is tightening, the latest round brings total investment in the company to date to US$ 43 million, an uplift on Ayoconnect’s valuation since the beginning of 2022, and extending the company’s runway.

Jakob Rost, CEO and co-founder at Ayoconnect, said: “We are delighted that previous and new investors have joined this B Extension round. That level of trust is a result of Ayoconnect’s rapidly growing traction in the Indonesian market, where we have successfully closed high profile partnerships, launched important new products, and increased even further the range of banks we work with. The new funding will help us to accelerate delivery of our vision by shipping new solutions to our banking and API clients. The next 12 months will be about executing even faster and investing smartly in new solution rollouts.”

Commenting on the investment, Akshay Bajaj, SIG Venture Capital said: “The Ayoconnect team has a unique combination of experience, strategic relationships and the requisite regulatory credentials to successfully capitalize on the open finance opportunity in Southeast Asia. They have been running high volume APIs for years and are incredibly well positioned to help customers launch compelling and profitable use cases quickly and securely. As a result of its expanding capabilities, Ayoconnect continues to experience strong and growing demand from banks and API clients. We love their vision and believe they have the potential to transform and enhance the future of payments in Southeast Asia.”

Vijay Agicha, Global Head of Strategy and Growth at PayU added: "Ayoconnect’s extensive array of APIs has enabled them to establish a remarkable client base comprising Indonesia’s leading financial institutions and tech companies. We are impressed with what the team has achieved so far and are excited to build on our initial investment which further reinforces PayU's commitment to Southeast Asia's fintech growth story. We look forward to supporting Ayoconnect on the next stage of their ambitious growth journey.”

Founded in 2016, Ayoconnect employs just under 250 people. By delivering on its roadmap, the company aims to cement its position as the region’s leading fintech and the trusted go-to partner in the space for banks, financial institutions and tech companies. 

GoHenry, the prepaid debit card and financial education app for kids and teens, has raised $55m in its latest growth capital round with investment from existing investors, Edison Partners and Revaia, alongside new capital from leading Italian paytech Nexi.

Having more than doubled its revenue during the pandemic to $42M in 2021, the funding round follows GoHenry Group’s recent acquisition of Pixpay, the leader in teen banking in France and Spain, which marked the fintech pioneer’s first steps into Europe. The funds will be used to grow GoHenry Group’s global presence, with plans for Pixpay to launch in Italy later this year. It will also fuel its product expansion, which has already seen GoHenry venture into the Junior ISA space in the UK and introduce in-app gamified money lessons called ‘Money Missions’ to further support the financial education of young people.

Alex Zivoder, CEO at GoHenry Group, comments: “Under the current market conditions, to have attracted investment from a leading PLC like Nexi is testament to the robust business we have built at GoHenry since we launched 10 years ago. As digital payments become the norm, more families are looking for solutions to help their kids and teens interact with and understand how to manage money in a cashless world. We’re delighted to welcome Nexi to our board and to have strengthened our relationship with Edison and Revaia with this raise as we collectively continue to transform financial education for kids and teens across the globe.”

Quoted on the Milan stock exchange, Nexi merged with Danish paytech Nets last year expanding into the Nordics and Germany, and consolidating into Europe’s largest payments processor with a presence in over 25 countries. This fundraise marks Nexi’s first investment in the GoHenry Group and leads on its mission to drive the transition to a cashless Europe by making every payment digital. The new partnership between Nexi and GoHenry will include a mix of capital and services. Edoardo Giorgetti, Head of YAP, Innovation Lab at Nexi will also join the GoHenry Group board of directors.

“We are very pleased to enter into this partnership which allows us to continue our journey beyond Italy to enable and educate the consumers of tomorrow by supporting the go-to-market efforts of GoHenry Group as it expands across Europe. It also reflects our ambition to empower European fintechs as a part of a broader market evolution towards embedded payments and pay-as-a-service propositions,” says Edoardo Giorgetti, Head of YAP at Nexi Group.

“When we first partnered with GoHenry in 2020, we knew the company was poised to make a global impact by making money approachable and fun for the younger generation and their families,” said Chris Sugden, Managing Partner, Edison Partners. “Our initial investment powered the business’ acceleration in the U.K. and expansion to the U.S. We are excited to fuel GoHenry’s rapid growth into continental Europe and to teach young people financial literacy with practical tools like how to manage a budget.”

Elina Berrebi, Founding Partner of Revaia, added: “We are very proud to support GoHenry’s efforts to develop financial literacy for all kids in Europe and the US. This new financing and strategic partnership is a significant milestone in its journey to become a leading global family finance player and will further develop its European footprint.”

MBG Capital advised the GoHenry Group.

Boogi has chosen Nordigen as their open banking provider.

Boogi is a platform that helps businesses increase their revenue through incentives and loyalty programmes. Their consumer tracking and automated marketing technologies, powered by open banking, enable customers to boost foot traffic and frequency of visits. The aim of the platform is to assist clients in engaging more customers, increasing revenue, and creating solid, repeat business.

In order to create a highly effective, automated marketing and loyalty ecosystem, Boogi's five-year vision is to become the rails that connect every company, client, e-commerce platform, and customer intelligence solution. Thousands of retailers can seamlessly integrate their solutions with passive tracking made possible by open banking transaction data.

“Using Nordigen’s transaction data product has been a seamless and perfect fit for our business. Gaining secure access to thousands of banks has enabled our company to grow and accommodate all users in the UK, creating comprehensive coverage for our customer intelligence solutions,” states Stefano Di Gregorio, founder & Head of Product at Boogi. 

The integration with Nordigen enables Boogi’s customers to connect their bank accounts directly to the tool and transfer financial data with ease. 

“We are thrilled to announce our partnership with Boogi. They have really embraced open banking as part of their future and their current strategy, and we are excited to be on this journey with them. Our open banking connections will allow Boogi customers to connect all their bank accounts to the platform and automate processes,” says Rolands Mesters, co-founder and CEO of Nordigen.

Europe’s leading open banking platform, Tink is working with Snoop, the multi-award-winning money-saving app, to give UK consumers real-time insights on how to cut their bills, pay off debt, grow their savings and save where they spend.

This summer Snoop passed one million downloads. Together with Tink the app empowers people to use their own data as a powerful force to save money and take control of their finances. In helping consumers navigate the very serious challenges presented by the cost-of-living crisis the collaboration is showcasing the significant benefits that open banking technology has enabled.

For many, money can be tough. At best, it’s unexciting. At worst, it can be complicated and stressful. This partnership is designed to help everyone get on top of their finances, provide proactive and timely money management and build financial capability across the UK.

John Natalizia, co-founder and CEO at Snoop commented: “Consumers are already having a terrible time of it right now and, with interest rates going through the roof from all-time lows, people with mortgages and debts are facing a very real credit crunch over the coming months. Our aim is for Snoop to be an essential resource for everyone looking to navigate these turbulent times. Working together with Tink means we can provide contextual money-saving insights and deliver a personalised, fast and accurate customer experience.”

Tom Pope, Head of Payments and Platforms at Tink, added: “With inflation at its highest in over forty years, services like Snoop are invaluable as the cost of living continues to soar. By providing proactive money management insights, through data that shows consumers where they can save — this is a collaboration that is demonstrating the real-world value of open banking.”

Manage the rising concerns that sanctions and cryptocurrency pose to your institution whilst enhancing use of advanced technologies and transaction monitoring

Financial Crime and Anti-Money Laundering (AML) continue to be one of the hottest topics across the global financial industry right now. Current concerns around Russian sanctions and the increased focus on cryptocurrency have heightened focus on AML and Financial Crime departments, alongside an increase in the number of fines that financial institutions are having to pay for insufficient fraud practices.

The GFMI 6th Edition AML And Financial Crime conference will bring together the foremost leaders in AML, Financial Crime, Fraud and Sanctions from leading Financial Institutions to deliver case studies that address the challenges and strategies for managing the ever-changing landscape within financial crime. There will be discussions into the importance of strong risk assessments and reporting strategies and the focus on the risks that cryptocurrency and sanctions are currently posing. 

Attending This Premier marcus evans Conference Will Enable You to:

• Improve reaction times to changes in sanctions via strong systems and risk management strategies

• Assess the latest developments within Financial Crime regulation

• Improve overall comfort with the difference in risks associated with crypto transactions across your institution

• Create strong monitoring processes to ensure that model governance is resilient 

• Appreciate the heightened focus on risk assessments and SARs

• Overcome challenges with the quality of data to improve the accuracy of alerts

Best Practices and Case Studies from:

• Guidette Laracuente, Executive Vice President and Head of Model Risk, Bank of China

• Becky Catanese, Head of Compliance, U.S. & Canada, Crypto.Com

• Aleem Jackson, Senior Vice President, BSA/AML Program Head, Axiom Bank

• Michael Aleman, Senior Director, Global Financial Crime Blockchain Innovation, PayPal

• Gregory J. Calpakis, BSA/AML Reform Program Manager & Information Security Officer,  OCC

• Vincent G. Heintz, Managing Director | Regional Head of Financial Crime Compliance: Europe and the Americas, Standard Chartered Bank

For more information and registration discounts please contact: Ms Ria Kiayia, Digital Media and PR Marketing Executive at riak@global-fmi.com or visit: https://bit.ly/3ynBznl

Master the governance and validation of models in a volatile market, where advanced technologies and regulatory pressures are causing a variety of challenges to model risk management teams

Model risk is a key area of focus for financial institutions as there are constantly ongoing developments which need to be incorporated into frameworks. With the growing use of AI and ML, grew the complexity of models within financial institutions and to adapt enhancements need to be made in the documentation and reporting of models to reduce any errors and ensure thorough governance. Additionally, there are concerns about data management for these models due to the current turbulent environment.

The GFMI 21st Edition Model Risk conference will provide attendees with case studies of the utilization of advanced technologies, such as machine learning and artificial intelligence, within model risk management. This conference will also provide an understanding of the best practices for overcoming the challenges of the current volatile market and regulatory landscape, as well as the best practices for the governance and validation of models in a turbulent environment. Furthermore, areas such as ESG, climate risk and vendor risk management will be analyzed in depth and detail. Register now for two days of interactive sessions and a must-attend workshop on day three!

Attending This Premier marcus evans Conference Will Enable You to:

• Evaluate the best uses for machine learning and artificial intelligence across model risk management  

• Assess the current regulatory landscape and its impact on model risk 

• Understand  how model risk managers are adapting to the unique and volatile market 

• Analyze the best practices for governing the increased quantity and complexity of models 

• Examine the most effective methods of model validation and the utilization of automation across model risk 

• Investigate how ESG and climate risk can be incorporated with models 

Best Practices and Case Studies from:

• Agus Sudjianto, Executive Vice President and Head of Model Risk, Morgan Stanley

• Sally Mayo, Senior Vice President, Head of Model Risk Management, East West Bank

• Dr. Joseph Breeden, President, MRMIA

• Stephen Boras, Executive Vice President, Head of Model Risk Management & Validation, Citizens Bank

• Roderick Powell, Senior Vice President, Head of Model Risk Management,  Ameris Bank

• Shawn Tumanov, Director, Data & Analytics (AI/ML/RPA) Governance, BMO Financial Group

For more information and registration discounts please contact: Ms Ria Kiayia, Digital Media and PR Marketing Executive at riak@global-fmi.com or visit: https://bit.ly/3RHlL5G