Brightwell, a payments technology company that builds financial products to send money securely anywhere in the world, announced today that the company has achieved significant milestones in the first half of 2022 to accelerate growth for its customers. Specifically, in the last six months, Brightwell has made strides in eliminating payments fraud and handling a record volume of remittance transactions.

“From our inception, Brightwell’s goal was to deliver choice and control over how people send and spend their money, delivered in one unified platform,” said Larry Hipp, CEO of Brightwell. “Because we sit at the intersection of digital banks, remittances and global P2P, Brightwell is uniquely positioned to support the global market via remittance, online payment fraud protection and cross-border payroll.”

Securing The Payments Industry

In 2021, the rate of payment fraud attacks across FinTech increased by 70%. To help payments platforms protect their bottom line, Brightwell launched Arden, an AI-powered risk-detection engine, helping FinTechs protect their cardholders from security fraud. Since its launch, Brightwell has successfully reduced fraudulent attacks down to near zero, saving nearly 2% of revenue year-over-year.

“Since Brightwell experienced a Bank Identity Number (BIN) attack firsthand, we immediately uncovered a need in the financial industry for a solution to prevent enumeration attempts,” said Ernie Moran, general manager of Arden, Brightwell. “Because fraud attacks are an increasing threat in the online payments industry, Arden is critical to protecting our customers, enabling workflow automation for our risk team and understanding the cards and balance at risk.”

Powering Payments around the Globe

Along with Brightwell's momentum with Arden, its flagship product Navigator remains a vital source for businesses to pay their global workers. In fact, Brightwell managed a record number of remittances in June 2022, a 360% increase from the same period last year. In addition to its increased remittance volume, Brightwell renewed its partnership with one of the world’s largest cruise lines, Norwegian Cruise Line Holdings, and entered partnerships with notable cruise industry players, including The World and Selectum Blu.

Empowering FinTech and sponsor banks to increase revenue

With the revenue from international money transfers projected to reach $261 billion by 2025, Brightwell launched ReadyRemit, a comprehensive low to no-code solution for FinTechs and sponsor banks that eliminates the complexity of cross-border remittance integration. By implementing Brightwell’s full-service and fully compliance remittance platform, Fintechs and sponsor banks are able to expand their capabilities to meet the demands of their global user base while establishing a new stream of revenue.

Accolades to Recognize Brightwell’s Innovation

Over the years, Brightwell has been recognized for its thoughtful innovation to meet the needs of a quickly evolving payments industry. Most recently,

• Audrey Hall, chief product officer at Brightwell, was named one of the top 25 software product executives of 2022 because she has served, developed, and executed strategies to support business growth and brand awareness.

• Brightwell was awarded a 2022 Top Workplace by the Atlanta Journal-Constitution based on its employee feedback across 15 culture drivers, including alignment, execution and connection.

Anglo-Irish working capital funding provider Accelerated Payments today announced the appointment of Lee Baty as Head of Accelerated Payment, UK, as demand for working capital solutions continues to grow amidst the cost-of-living crisis.

Prior to joining Accelerated Payments, Lee held senior national leadership positions including HSBC’s UK Head of Trade and Receivables Finance, Business Banking and Mid-Corporate. More recently Lee was a Regional Director at PNC Business Credit, a leading provider of Senior Secured Lending to large corporates and private equity-backed businesses.

Welcoming the appointment, Ian Duffy, Founder and CEO of Accelerated Payments, said:

“Lee has spent decades helping firms to access a broad range of financial solutions, and his experience working across a wide variety of industries and sectors will be invaluable as we launch the next phase of growth for Accelerated Payments in the UK. I am thrilled to have someone of his calibre on our board as we continue to provide critical support to SMEs and Mid Corporates in the UK navigating an increasingly challenging operating environment. His leadership skills, along with his in-depth financial expertise, mean that he is the best person to lead our operations throughout the UK."

Accelerated Payments is one of Europe's fastest-growing financing providers, with close to a billion euros worth of invoices financed. Based in Dublin, with offices in London and Toronto, Accelerated Payments has funded more than 80,000 invoices financed to over 300 companies since its inception.

The new hire follows the recent appointments of Carolyn McClure as a Vice President of Business Development for the USA market; and industry veteran Neil McMillan as Head of North America. The increase in local staff in each of its key markets will help to advance the company’s regional and global dominance in the alternative finance sector.

Commenting on his new role, Lee said:

“This is an exciting opportunity to work with a dynamic company that genuinely cares about helping businesses with their liquidity challenges. More than ever before, companies are grappling with working capital as soaring business costs and global inflation rates start to bite. Managing cash flow will be critical to overcoming these and other economic challenges - and Accelerated Payments have the solutions to help. I look forward to playing a role in bringing greater awareness about the fantastic services that this fintech offers to SMEs and Mid Corporates - and ensuring that companies can leverage the support they need to grow their businesses in the UK and beyond.”

Recurly, Inc., a leading subscription management and billing platform for high-growth brands, has announced an agreement to acquire LeapRev, a global revenue recognition and forecasting solution. This acquisition will create a single source for subscription management, recurring billing, and revenue management that empowers Recurly customers to better focus on driving growth among increasingly complex and evolving revenue accounting and reporting standards.
 

“Recurly powers recurring billing management for many of the world’s leading brands. Part of our customers’ success has resulted from Recurly’s ability to support more granular, pay-as-you-go pricing models. This trend toward enabling greater flexibility in pricing models creates a greater need for accounting automation,” said Dan Burkhart, CEO and Co-Founder at Recurly. “We are delighted to welcome the talented team at LeapRev and deliver a best-in-class solution for the automation of revenue recognition to the world’s most successful subscription businesses.”
 

Revenue recognition reporting requirements continue to shift, requiring international payments and multi-currency inclusion. The acquisition of LeapRev enhances the revenue recognition capabilities of the Recurly platform, streamlining the complex revenue reporting processes associated with subscription contracts, including FASB (ASC 606/340-40/842) and IASB (IFRS 15) guidelines. Recurly customers will also be able to streamline revenue management across a diverse set of monetization and pricing models and easily account for contract modifications including volume discounts, up-sell, cross-sell, refunds, returns, cancellations, terminations, and price adjustments.
 

“We are excited to offer deeper capabilities in revenue management. This new solution will help our customers meet reporting and compliance requirements, as well as provide enhanced revenue intelligence and predictability for businesses with a complex mix of pricing and usage models,” said Jonas Flodh, Chief Product Officer at Recurly. “Adding this expanded functionality to the Recurly subscription management and billing platform further enhances our ability to provide automation of the close process, and revenue insights and forecasting across a variety of industries.”
 

Created by a team of industry veterans, LeapRev’s platform delivers a next-generation revenue management application in order to automate customer’s accounting standards.
 

“We are excited to join the Recurly team and continue the mission of simplifying the complexities of subscription management,” said Aswin Kurella, Co-Founder, LeapRev.
 
“This is a powerful combination to continue to scale high-growth companies,” said Seshagiri Chilukuri, Co-Founder of LeapRev.

Software Intelligence company Dynatrace (NYSE: DT) announced today that a leading fintech company, Soldo, is using Dynatrace® Application Security to help ensure its development and production environments are secure. Soldo offers organizations a simple, automated way to delegate, control, and track expenses for employees and departments, and helps finance teams manage budgets with real-time visibility over company-wide spending. Its platform is built on a complex cloud-native technology stack, running in AWS and leveraging a Kubernetes-based architecture. Soldo also uses open-source code and adheres to agile and secure delivery practices to drive continuous innovation and align with strict financial services industry regulations. 

Given the speed at which its dynamic cloud environment changes, and the prevalence of open-source code in its applications, Soldo needed to reduce the risk of vulnerabilities in its production environment. Achieving this was previously a challenge, as the company’s software testing practices and tools were mainly focused on pre-production. Each time its development and security teams discovered new zero-day vulnerabilities, such as Log4Shell, in production, they had to search for them manually. With the Dynatrace® platform’s automatic runtime vulnerability analysis and protection, the teams can continuously and automatically identify and prioritize vulnerabilities across the entire software delivery lifecycle, including at runtime, to deliver more secure digital interactions.

“Soldo exists to help business owners focus on growing their organization without wasting time managing expenses and corporate spending,” said Luca Domenella, Head of Cloud Operations and DevOps at Soldo. “This requires us to earn our customers’ trust that we can offer the highest level of protection for the troves of sensitive data they entrust with us. Dynatrace gives us an uncompromising level of control over the security of our software by continuously monitoring for vulnerabilities in our production environments. That means we instantly know how a new vulnerability affects our digital services, so we can respond quickly to keep our customers’ data safe.”   

Soldo was already using the Dynatrace platform to optimize the performance of its digital services and deliver seamless user experiences. After evaluating multiple runtime security solutions, it identified that extending its use of Dynatrace by activating its Application Security Module provided the best fit for its requirements due to the efficiency of its unified platform approach. Dynatrace now provides Soldo with a real-time, automatically prioritized view of all potentially impacted applications and data in its cloud ecosystem. This enables its teams to easily see where vulnerabilities exist and tier their remediation efforts accordingly. Davis, the AI engine at the core of the Dynatrace platform, initiates remediation workflows automatically, enabling Soldo’s teams to reduce the time it takes to identify new zero-day vulnerabilities from days to minutes leaving more time for innovation.

“The precise answers we get from Dynatrace are invaluable and save our teams from wasting countless hours trawling through security alerts to understand our risk,” continued Domenella. “For example, when Log4Shell emerged last year, Dynatrace instantly showed us exactly where and how the vulnerability affected our platform. Those insights enabled our teams to remediate the vulnerability in just a few minutes rather than the days or weeks it would otherwise have taken. Ultimately, Dynatrace helps ensure nothing escapes our DevSecOps lifecycle, so we can focus on strategic work rather than finding, triaging, and remediating vulnerabilities.” 

Visit our Customer Stories page for more details on how Soldo uses Dynatrace to enable its state-of-the-art DevSecOps lifecycle.  

CRMNEXT, the world’s leading responsive composable banking platform, has been named a ‘Visionary’ on the Gartner Magic Quadrant (MQ) 2022 for its Sales Force Automation (SFA) platform. Only 14 companies in the world have been identified for their SFA capabilities, of which CRMNEXT, an India-born MNC features against the global giants for its expertise in envisioning the market evolution and foresight for changing market rules. CRMNEXT has maintained its stronghold in the annual Gartner MQ for SFA for the 9^th year in a row, having achieved the ’Visionary’ status from being a ‘Niche’ and ‘Challenger’ brands earlier.

“This recognition from Gartner, straight for the 9^th year validates our passion and expertise in being #UpForTomorrow always” stated Sushil Tyagi, Executive Director, CRMNEXT. “Our proprietary ‘shape-shifting architecture’ is a game-changer which is geared up for more composability and is coupled with an advanced big data analytics approach that manages data and its volume, veracity, velocity, and variety. These capabilities shall continue to hold CRMNEXT as the leading player in the SFA and CRM technologies space in the banking domain.” On average, CRMNEXT has proven to reduce the sales turnaround time by 90%, resulted in a 210% average increase in lead conversions, and has led to a 3X increase in digital channel revenues. 

Gartner report considers SFA to be a foundational technology and evaluated CRMNEXT for its set of CRM and SFA technologies that are primarily tailored for financial services, with traction in insurance and consumer packaged goods (CPG). The report categorically lauds CRMNEXT application for its strengths listed below:

Deployment Options: Developed on a single codebase on a Shape Shifting architecture that provides unique commutable cloud capabilities. This enables it to be easily deployed across all deployment models ranging from software as a service (SaaS), private cloud, cloud in its own data centre or even hybrid

Customer Data Management: A unified data platform that manages all customer-related

data generated or enhanced through third-party app integrations. Its ability for real-time updates greatly helps in fast interaction, especially for building customer relationships.

Pipeline Management: Its Catalyst Performance Modeler (CPM) which is part of its SFA offering, is an effective sales planning and forecasting tool. Its intelligent algorithms take past performance and current run rates into account to create strategies for meeting targets. CRMNEXT can support a high degree of sales process complexity with artificial intelligence/machine learning (AI/ML) models, with no code required.

In recent decades, investing has become accessible to almost everyone. The growth of the Internet and other forms of technology have made it possible for people of any location and economic standing to participate in the global financial markets. The number of people who decided to become investors after the Covid-19 epidemic hit an all-time high. Newbie investors are still frequently bewildered and unsure of who or what to trust because of this.

Here's when a platform like investfox might be useful. To better inform its customers about financial investment opportunities and that's not all. The platform allows traders and investors from any location in the world to choose the best broker in the financial markets. Because of the company's big potential and the way it works nowadays, it should be stated, that investfox is one of the main companies that are worth watching in 2022. in this article, we'll give you even more information about the startup and the reasons you should take this company into consideration.

Already live

Since 2022, June 28, investfox started to furnish customers with several services, like financial service provider reviews, educational materials, related to the investment, and so forth. In addition to that, the startup has a great goal of making the investment industry transparent. How is this possible? The main idea behind this aim is to provide customers with unbiased information about brokers that play a major role in investing.

Fully funded through private equity

Another primary reason among others why you should watch investfox in 2022 is that it is fully funded through private equity, when it comes to reviewing websites, especially in the case of the investment field, many of them are affiliate sites, which means that the website takes money from advertising other companies. As a result of this, the information you can find on this website is not objective. In the case of investfox, which is fully funded through private equity, the company has no goal of advertising the company, but to provide customers with unbiased, transparent, and proper information about the way brokers work. For example, if there is a company X, which is funded by another biggest company Y, it’s most likely that X will advertise the Y services in a certain manner. However, that’s not the case with investfox, which since its inception continues to provide its customers with objective information with the help of industry experts.

Huge market size

Since every startup and company has some limitations, in the case of businesses this is defined by the market size. In the case of investing and online trading, we have a huge market. After covid, which had a dramatic effect on the marketplace, the market started to expand significantly. Since then, according to the forecasts it is going to grow even more. To be more precise, let’s look at the figures.

According to the reports from 2022 to 2030, the worldwide market for online investment platforms is forecast to rise from 2021's USD 1.88 billion at a CAGR (compound annual growth rate) of 13.9%. Over the projected period, the market is expected to be driven by the rising acceptance of cryptocurrencies as an investment. More and more people are investing money online all around the globe, which is likely to fuel the industry's expansion. This means that investfox has even more potential to grow and become a popular website among investors and online traders.

Low-quality competition, which mostly consists of affiliate sites

The field where the investfox operates has low-quality competition, which even increases the chances for the company to become more and more successful in the future. Because of the low-quality competition, the startup isn’t going to slow down its progression. In contrast with that, investfox, with its team, is going to add more and more features, which will make the services more sophisticated for the customers. Usually, those companies' websites that are operating in the same industry as investfox are affiliate websites. This means that they usually advertise other companies' services and products in order to get funds from them. This makes them quite subjective, in contrast with investfox, for which the low-quality competition doesn't mean providing customers with low-quality services. Instead, the startup works 24/7 to make its services more and more appealing for both inexperienced and seasoned investors. It should also be highlighted that more strategic investments, which might be announced later this year, can be icing on the cake when it comes to startup success.

More strategic investments might be announced later this year

investfox is a privately financed company that has not yet received investments from the outside, but it is in discussions with a few companies that are interested in contributing to investfox's development via financial contributions and other services (e.g. tech, marketing, etc). So this means that the startup is going to become more successful and grow in the future due to the increasing interest from other companies and investors.

Clear product roadmap

Is it possible for a startup to grow and succeed without a clear plan of action? All of this does not apply to investfox since the company has a clear product roadmap. For example in September, the company plans to launch apps for Android and iOS users, which make the startup mobile-friendly and more comfortable for customers to use. In October, according to the plans, the startup is going to involve the user area and make it better. In November, the company will add investment opportunities finding tool, which can be quite useful for any sort of online trader.

Experienced team

investfox is headed by Konstantin Rabin, a person with over a decade of experience in the online trading sector. Konstantin has been behind a number of successful financial trading websites and previously has been running Finance Makers, an IT company that serves various retail financial trading brokerages. investfox editorial team is composed of 3 seasoned traders, each with experience in FX, crypto, and stocks.

Rapidly growing payment orchestration provider BR-DGE has today announced a commercial and technological partnership with Vyne, the specialist account-to-account (A2A) payments platform.

This new partnership will provide greater choice for merchants who use the BR-DGE platform, optimising the merchant and consumer payment experience. BR-DGE merchants will benefit from Vyne’s Open Banking solution, which allows payments via bank transfer at a low cost for merchants. Each payment made through Vyne is also automatically Strong Customer Authentication (SCA) compliant, dramatically reducing the risk of fraud for customers and merchants while eliminating chargebacks, all without impacting conversion.

Through a single point of integration, BR-DGE’s merchants can access a world of payment providers, anti-fraud capabilities and alternative payment methods (APMs). Leveraging Vyne’s Open Banking powered payments solution, BR-DGE’s merchants will be able to reduce transaction fees and improve conversion rates and cash flow.

Vyne's full stack solution enables merchants to receive customer funds instantly and further offers the ability to process full and partial refunds in real time, as well as payouts and batched settlements with full reconciliation. The Secure Customer Authentication (SCA) embedded payment process will help to improve merchant checkout conversions by offering a seamless user experience via different channels, including online checkouts, payment by SMS, chat or email, and QR codes.

The collaboration will stimulate growth for both businesses as BR-DGE and Vyne innovate to improve the merchant and consumer payment experience. It builds on BR-DGE recently announcing a merchant partnership with a leading independent travel company, Travel Counsellors. Vyne's solution recently went live with a number of brands in the THG portfolio, including Myprotein, Glossybox, and Pop In A Box.

Commenting on the partnership, Tom Voaden, Strategic Partnership Lead at BR-DGE, said: “We are thrilled to be partnering with Vyne to enhance our payment offering to both merchants and their customers. At BR-DGE, we understand the immense benefits of Open Banking and are leveraging its power to provide a frictionless payment experience for all.

This latest partnership with Vyne further solidifies our Open Banking capabilities and ensures that our merchants continue to have access to the most convenient and secure payment solutions available. It also presents brilliant opportunities for both firms as we continue our journey of growth.”

Luke Flomo, Chief Revenue Officer at Vyne, added: “Merchants should be able to enhance their payments proposition easily, without strenuous development. BR-DGE enables merchants to seamlessly add payment methods through a single, simple integration. By adding Vyne’s Open-Banking-powered Pay with Bank to BR-DGE’s ecosystem, more merchants will be able to benefit from fairer fees, increased conversion and real-time cash flow. Our partnership with BR-DGE is an exciting move in our wider partnership's strategy.”

Money20/20, the world’s leading Fintech show, is returning to Las Vegas this October 23-26 with an agenda like never before and an impressive lineup of keynotes designed to help the industry successfully tackle its biggest challenges.

Bringing together the most innovative people in payments, Fintech and the broader financial ecosystem, Money20/20 is the place where the rockstars of the industry come to cut deals and court investors. With over 8,000+ people from 2,800+ companies who attended in 2021, this year’s show at the Venetian in Las Vegas will be the place where Fintech’s brightest minds focus on solving each other's challenges.

This year’s diverse agenda has also been designed to inspire and change minds, fuel thousands of conversations and shape the future of Fintech. As for the speakers, they’re some of the biggest names in the industry:

• Building Through Cycles of Uncertainty: A Conversation with Vinod Khosla, Founder, Khosla Ventures
• The Everything Exchange with Brett Harrison, President, FTX 
• Benefits Access and Management for the Creator Economy with Amrapali Gan, CEO, OnlyFans 
• Reaching Financial Nirvana with Bill Harris, CEO, Nirvana Money 
• Payments: The New Pillar of Brand Identity: Sarah Sylvester, Executive Vice President, Victoria’s Secret 
• Crypto in Payments: Jess Houlgrave, Head of Crypto Strategy, Checkout.com 
• Payments in Latin America - The Unicorns’ Perspectives: Marlene Garayzar, Co-Founder & Chief Governance Officer, Stori
• Bringing Innovation Thinking to Policy, and Policy Understanding to Innovation: John Pitts, Head of Policy, Plaid and Kaitlin Asrow, Executive Deputy Superintendent of Research and Innovation, New 
• The Great Scamdemic: Catfishing in the 21st Century: Albert Ko, CEO, Early Warning
• Designing a Luxury Payment Experience: Nico Kersten, CEO, Mercedes Pay GmbH
• Web3: Token-Gated Commerce Is What’s Next for Brand Loyalty: John Lee, Head of Blockchain Ecosystem, Shopify 
• Benefits Access and Management for The Creator Economy: Brittney Palmer, OF Creator, UFC Ring Girl, & Artist 
• Rational Regulation In The Middle Ground of Web2.5: Jai Ramaswamy, Chief Counsel, Andreessen Horowitz 
• Separation of Powers: Provenance & Figure: Mike Cagney, CEO, Figure 

“Money20/20 USA is the place to be this October,” said Money20/20 President, Tracey Davies. “We bring together the whole ecosystem, from global leaders to new challengers, from tech giants to up-and-coming startups. Everyone is excited to come together and do business over four incredible days.”

She continued: “Attending Money20/20 USA gives companies access to thousands of visionaries, decision-makers, influencers and press. Through our stages and experiences, people can engage, learn, be inspired and ultimately connect across the ecosystem to get business done.”

You can access the just released Money20/20 USA agenda here and the already confirmed speakers here.

With the leaders behind Fintech’s established giants and rising stars at the heart of the show, Money20/20 has always been the platform for major industry launches and announcements. You can submit your announcement here before the September 26 deadline. 

Nexi is unveiling its strategic plan and mid-long term financial targets at today’s Capital Markets Day.

Our Group has evolved since the 2019 IPO, from being the Italian Champion to the leading European PayTech at scale. The Company has scaled significantly, expanded its operations across 25+ countries, as well as strengthened the reach and breadth of capabilities, while also making the business more diversified and resilient.

“Nexi occupies a privileged position across the European markets we serve”, said Paolo Bertoluzzo, Chief Executive Officer of Nexi Group. – “Our deep local capabilities and close proximity to our customers, combined with our market-leading scale and efficiencies, provide us with key competitive advantages. I believe these advantages have positioned us favourably to continue driving growth, profitability and shareholder value into the future. The best in class competence and talent of our people represent a further strategic lever for our growth with a differentiated and innovative range of products and services. We will continue to invest in technology and innovation with strong confidence in the future evolution of our industry.”

Nexi’s strategy to drive strong profitable growth consists of three strategic value drivers:

1.      Differentiate through scale and market and customer proximity

2.      Drive focused accelerated growth in SME, eCommerce and Advanced digital Issuing through superior products and commercial execution

3.      Deliver strong synergies and continued operational leverage

Such strategic value drivers are supported by three business foundations at the core of the Group: (i) superior technology capabilities, driving innovation agility and efficiency, (ii) one integrated talented team with deep PayTech capabilities, (iii) ESG championship, making digital payments a driver of progress.

On ESG specifically, Nexi is committed to achieving its ambition by:

·          Supporting the digitization of micro-businesses, SMEs and Public Administration also through our advanced digital products portfolio;

·          Fighting climate change, with our Net Zero commitment in 2040, being climate neutral from 2022, and accelerating greener consumption behaviours also throughout the supply chain;

·          Further investing in people, engagement and continuous capabilities upgrade and ensuring proper gender and minority representation promoting an inclusive culture with a best-in-class governance.

Our strategy will be executed across the business areas:

Winning in Merchant Solutions

Nexi’s strategy in Merchant Solutions is differentiated and tailored to SME, Large & Key Accounts (LAKA) and eCommerce, addressing the local market requirements and the constantly evolving merchant needs across the highly fragmented European market.

Local capabilities are key to serve SME in all European countries, especially as merchants’ needs become more sophisticated, creating structural advantages for Nexi. To achieve growth in SME, our strategy will be based on three pillars aimed at strengthening our European leadership in this segment through (i) modular flexible one-stop-shop solutions, segment and local-specific (ii) payments-software integration, partnering with ISVs, and (iii) investments on local distribution, both direct and indirect. Our strategy will be differentiated by market considering our current competitive positioning: we will focus on growing existing customer base value in markets where we have a clear “leadership” position, while we will focus on accelerating market share growth in “challenger” markets.

The vast majority of the European LAKA revenue pool is in local “by nature” merchants and verticals where Nexi is already well established. Future growth in the LAKA segment will come mainly from national and regional mid-large corporates through (i) the development of vertical-specific industry omni-channel propositions based on modular capabilities, (ii) a deep local entrenchment via partnerships and tech integration with ISVs, ECR and CRM providers, and (iii) the investment in dedicated local and specialized sales and support capabilities available across all merchants’ interactions to drive increased differentiation of our customer proximity advantage.

The European eCommerce market is fragmented, requiring deep local presence and expertise, with the mid-market being by far the largest and fastest-growing segment. Our eCommerce strategy is designed to achieve leadership in mid-market through (i) high-conversion omni-acceptance and collection solutions, with full local integrations, (ii) local front-ends with one pan-European integration layer, and (iii) cross-selling synergies with SME and LAKA, with further investments in local go-to-market and support.

Winning in Issuing Solutions

Nexi’s Issuing strategy is designed to best serve the highly fragmented European banking landscape, dominated by local and regional banks and unique local schemes. In this space, Nexi will leverage its unique Advanced Digital Issuing capabilities, ranging from a state-of-the-art digital processing platform to unique Payments-as-a-Service turn-key product propositions.

Our focus on winning new customers in Europe includes (i) new bank customers using digital processing, leveraging a superior technological platform, able to deliver high service levels with high digital agility and futureproofing, and (ii) corporates, FinTechs and medium/small banks through a Payments-as-a-Service proposition.

Contextually we planned to grow the value of the customer base (i) upselling the digital VAS proposition on the existing customers and (ii) upgrading corporates, FinTechs and medium/small Banks to the Payments-as-a-Service propositions.

Financial Outlook

Over the plan horizon, Nexi expects to compound organic revenue growth with incremental operating leverage, resulting in strong cash generation and strategic excess cash to capture further incremental value creation for our shareholders.

Today we announce the following targets, approved by the Board chaired by Michaela Castelli, on an organic basis:

·       Net revenues:~9% 2021-2025 CAGR;

·       EBITDA: ~14% 2021-2025 CAGR, ~+900 bps EBITDA margin expansion by 2025;

·       Excess cash generation: ~2.8 €B in the period 2023-2025;

·       Net leverage: 1.0x - 1.5x Net Financial Debt/ EBITDA by 2025E;

·       Normalized EPS: ~20% 2021-2025 CAGR.

The projected generation of ~2.8 €B of excess cash in the period 2023-2025 will allow us to have the flexibility to explore a number of value accretive opportunities for all our shareholders, whose positive impact are not reflected in the Targets presented today.

Based on contingent market opportunities and context, from time to time we will evaluate whether to pay down the debt, pursue strategic M&A opportunities or return capital to shareholders through buyback or dividends. Any strategic use of our excess cash will be driven by value creation for all our shareholders.

Volante Technologies, the global leader in cloud payments and financial messaging, today announced that ACH Colombia, a financial technology company, has gone live with a new banking portal featuring a superior digital payments experience aligned with the social media and e-commerce platforms customers use in their daily lives.

The deployment is part of a wider payments modernization initiative aimed at digitalizing ACH Colombia’s entire payments operation with Volante. As a result, customers can now be onboarded six times faster than before. They can also enjoy services with a higher level of personalization and receive funds twice as fast. Over time, ACH Colombia will also be able to offer customers an ever-increasing variety of domestic payment services through the portal.

"ACH Colombia is investing in the future to improve the quality of our services and continue to contribute to the integration of the country's financial ecosystem. The initiative represents a complete digital overhaul that sees us transform into a fully hybrid and multi-cloud operation fit for modern times. Preliminary customer feedback has been overwhelmingly positive,” said, Luis Alberto Fernández Pulido, VP Operations and Technology, ACH Colombia.

ACH Colombia manages payments in Colombia’s social security system through its platform to make the settlement and payment: SOI, provides secure online payment and purchase options by debiting the resources online from savings, checking or electronic deposit accounts: PSE, and offers the possibility of making interbank transfers immediately with Transfiya. The company handles 95 per cent of Colombia’s interbank transfers, and during the first half of 2022, more than 167 million transactions in Colombia went through its network or over 27 million transactions per month. As the firm actively improves Colombian citizens’ quality of life by expanding digital financial inclusion, it expects that number to more than double, to over 35 million per month.

The initiative originated in ACH Colombia’s realization that, in order to deliver on this tall order, it needed to modernize its payments infrastructure and processes. Since it had already moved its entire operation to a fully hybrid and multi-cloud environment as part of a bank-wide digital transformation initiative, the solution needed to be cloud-native.

“We conducted a rigorous selection process and opted for Volante’s VolPay because of its superior cloud-native, low-code architecture, rich functionality, and ease of integration with our cloud-resident middle and back-office functions,” he added. “Our business models also go hand in hand, which is a prerequisite for short and long-term success,” said Fernández Pulido.

“Volante has provided us with a solid foundation to deliver on our strategy and roll out our customer-centric new business model. We’re well set up for the future, including ISO 20022 and real-time capabilities, and will be able to expand our product offering and add more payment service variety whenever customer demand changes or the market dictates it,” said Fernández Pulido.

“During the last three years, financial businesses have had to adapt to new ways of working and interacting with their customers, making for a heavy reliance on digital channels. In Colombia, 61 per cent of consumers use payment services from neo banks. This digital shift means that banks must adapt and make smart investments in technology to support their customers and help them grow,” said Vijay Oddiraju, CEO, Volante Technologies.

“By digitalizing its entire payments operation, ACH Colombia is leapfrogging its peers,” Oddiraju continued. “It is the first financial services firm in Colombia to modernize its payments infrastructure in the cloud, and only the second in the entire region. We congratulate them on this momentous achievement and look forward to continuing our partnership with them as the region continues to accelerate towards a 24x7 real-time digital future.”

To read more about how banks in Latin America are leapfrogging their global peers, read Volante’s recent blog. You can also meet the Volante team in person at FELABAN Guatemala on November 14 to 15, 2022.