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Caroline van der Merwe
COO at SmartWage
The human need to communicate is as old as time. see more
- 07:00 am

Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited), a market leader in universal, citizen-centric and population-scale e-governance solutions and PayNearby, India’s leading digital payments and largest branchless banking network today announced a strategic partnership to offer PAN-related services for PayNearby’s retail partners through Aadhaar and biometric or SMS-based OTP authentication for their customers.
The partnership will help improve service delivery for millions of citizens as they enter the formal financial sector. It will facilitate quick and easy access to online PAN services in neighbourhood stores at affordable rates, thus eliminating the submission of physical applications and supporting documents. Once the online application form is submitted, a digital copy of the ePAN will be generated within a couple of hours while a physical copy will be delivered to the customers at their chosen address in 4-5 working days.
Protean, which accepts and processes PAN applications on behalf of the Income Tax Department, Government of India, has played a pioneering role in laying down the basic e-governance infrastructure for the nation and providing citizen-centric services to the masses. Under the collaboration, PayNearby will work as the PAN Service Agency (PSA) of Protean.
PayNearby’s goal has been to simplify technology for consumption during the last-mile delivery and ensure the democratization of financial and digital services. With PayNearby serving nearly 75% of the Indian market, retailers can now accept PAN applications in paperless mode, while Protean will be able to further expand the coverage of PAN services across the country, especially to remote locations, through a PayNearby store.
Anand Kumar Bajaj, Founder, Managing Director and CEO, PayNearby, said, “We are happy and proud that Protean eGov Technologies Limited has chosen us as their partner for their PAN card services. We have been continuously working on innovation-led partnership models to offer easy access to financial and digital solutions for everyone, everywhere. With this association, we look to offer all the citizens of the country the availability of PAN card services at a neighbourhood store. This will enhance its uptake and make this unique identification popular amongst all at the last mile. With this partnership, we continue to expand the bouquet of services available at our retail stores while providing Protean with the reach it needs to the inaccessible hinterlands of the country. Our partnership with Protean solidifies our determination to bring each and every citizen in the country into the formal financial fold so that the gap between India and Bharat is bridged forever.”
Suresh Sethi, Managing Director and CEO, Protean eGov Technologies, said, “We are delighted to partner with PayNearby as part of our strategy to contribute to a financial ecosystem that offers socio-economic benefits across all strata of the society. Our partnership will help to advance our shared vision of an inclusive and empowered India. This initiative is aligned with our mission to leave no citizen behind and bring the digitally excluded into the fold of formal financial economy.”
Over the course of the last 25 years, Protean has played a pioneering role in laying out the e-governance infrastructure for the nation. It has provided citizen-centric services at a population scale. Access and inclusion lie at the heart of any e-governance initiative and towards that the company has adopted and established a “Phygital” (Physical+Digital) model to ensure a truly inclusive service delivery paradigm. This partnership is designed to make the entire process seamless, hassle-free and accessible across 17,600+ PIN codes in the country through PayNearby’s DaaS (Distribution as a Service) network of 50+ lakh micro-entrepreneurs.
The partnership will bring the underbanked and unbanked segments of the population within the tax fold through trusted local touchpoints, add to the country’s tax kitty and provide micro-entrepreneurs with an additional source of revenue.
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- 04:00 am

Worldline India, a global leader in payment services has partnered with Bajaj Finance Limited (BFL), the lending arm of Bajaj Finserv Limited and India’s largest and highly diversified NBFC company, to develop point-of-sales (POS) payments acquiring solutions for its merchant network.
Worldline India, a company with a rich experience in the payment ecosystem in India and globally, has been chosen by Bajaj Finance Limited as a technology and service partner to develop and manage their merchant acquiring initiative, which will be present at pan-India merchant locations.
With this tie-up, Bajaj Finance Limited aims to enhance its relationship with both its existing and new network of merchant partners, by providing point-of-sale terminals and enabling acceptance of a wide range of payment instruments such as EMI cards, credit cards, UPI and wallets on those terminals. In addition to the transactional services, the tie-up will provide value-added services like billing integrations, EMI offerings, transactions processing, data analytics and fraud management services.
The merchant value proposition will allow Bajaj Finance’s 58 million customer base to avail of its various services such as Bajaj Network EMI Card, Bajaj Pay Wallet, Bajaj Pay UPI and Bajaj Coins’ redemption at the point-of-sale outlets.
Commenting on the partnership, Rajeev Jain, Managing Director, Bajaj Finance Limited, said, “As a part of our broader strategy to expand the digital offerings, we forayed into the digital payments business last year to offer an integrated payment solution to customers and merchant partners. Bajaj Finance has been consistently delivering seamless and agile credit solutions to consumers and merchants alike, and this partnership will only help extend our product suite to go beyond credit products to commerce and payments technology across our large and expanding network of merchant stores, spread throughout the length and breadth of the country.
He further stated, "Bajaj Finance has always been at the forefront of digital technology, and we are confident of leveraging Worldline’s cutting-edge technology to deliver a disruptive and game-changing in-store payment acceptance experience for our ever-growing merchant partner ecosystem."
Deepak Chandnani, Executive Chairman, Worldline India, SA & ME said, “Worldline India is proud to partner with Bajaj Finance Limited to provide easier, faster and secure digital acceptance solutions. Our expertise in creating and managing the entire merchant lifecycle journey will benefit BFL in offering a rich experience to their valued customers. Our dedicated workforce will ensure seamless execution of Bajaj Finance’s requirements which will contribute to the growth of both entities. We have successfully managed large-scale partnerships in India and other markets and are looking forward to a long-term mutually beneficial partnership with Bajaj Finance Limited.”
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- 20.06.2022 -- 09:36 am
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- 03:00 am

Berlin-based Fintech Upvest Secures $42M in Series B Financing Led by Bessemer Venture Partners
Berlin-based infrastructure fintech Upvest announced the closing of a $42 million Series B financing round - one of the largest German fintech funding rounds in 2022. Bessemer Venture Partners is leading the Series B with Earlybird and ABN AMRO Ventures doubling down as previous investors and participating in Notion Capital, Partech, 10x Group, Speedinvest and Maximilian Tayenthal (N26).
Crypto Payments Company TripleA Secures $4M in Funding Led By Razer’s zVenture
TripleA, a Crypto Payments Company, announced that it secured $4 million in funding led by a leading global lifestyle brand for gamers, Razer’s corporate ventures arm, zVentures. TripleA is the first Crypto Payments Company that has earned the Digital Payment Token license from the Monetary Authority of Singapore (MAS). This allows the company to provide end-to-end cryptocurrency payment services for businesses in full compliance with global regulatory standards.
Institutional Crypto & Digital Asset Management Platform Rooba Finance Raises $1.3 Million in Seed Round
Institutional Crypto & Digital Asset Management Platform Rooba Finance has raised $1.3 Million in a Seed round led by Inflection Point Ventures. It also saw participation from LetsVenture, Endurance Capital, KubeVC and Other prominent angel investors. The funds raised will be utilized towards Platform Development, setting up a licensed platform overseas and enabling a global GTM.
Brazilian Payments Platform Destaxa Raises $3.1 Million Seed Round
Destaxa, a payments platform that operates as a two-sided marketplace for payment acquirers and offline merchants in Brazil, announced it has raised a $3.1 million seed round. The equity investment was led by Quona Capital, and included participation from Caravela and Norte Ventures, along with angels Tiago Dalvi (Olist co-founder) and Alessio Alionço (Pipefy co-founder). The round comes as Destaxa expands its push across physical retail merchants in Brazil, which account for more than 90% of all merchant payments.
Viva Capital Funding Completes $18.5 Million Investment Grade Notes Offering
Viva Capital Funding, LLC ("Viva"), a leading invoice factoring specialty finance company, announced the closing of $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization. Proceeds will be used by the company to restructure existing debt and support additional growth of the business. Brean Capital, LLC served as the Company's Exclusive Financial Advisor and Placement Agent on the transaction.
MFS Africa Announces the Extension of its Series C to US$200 Million
MFS Africa, Africa’s largest digital payments network, announces that it has secured an additional US$100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to US$200 million. New investors, Vitruvian Partners and AXA IM Alts joined the extension, alongside existing investors, AfricInvest FIVE and CommerzVentures, who re-invested in the extension.
Allica Bank Secures £30M Tier 2 Capital Facility from British Business Investments
British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, announcesa new £30m Tier 2 capital facility for a challenger bank, Allica Bank. Allica Bank has been lending to smaller businesses since March 2020, committing over £560m in loan offers in 2021 and is set to offer £1 billion to smaller businesses in 2022. This Tier 2 facility from British Business Investments will enable Allica Bank to draw on capital as required, to support additional lending to UK smaller businesses of up to £250m.
RegTech Clausematch Secures $10.8M Strategic Investment Round Led by Lytical Ventures, Flashpoint and Sony Innovation Fund
Clausematch, a global RegTech company automating policy management and compliance for regulated industries, announced the close of a US$10.8M strategic funding round led by Lytical Ventures and joined by Flashpoint and Sony Innovation Fund. The new financing will be used to increase the company’s commercial activities in the US and invest in its product, technology and data science teams. The new funds bring the total investment to date to over US$20M.
Fintech Swoop Lands £5.4 Million Funding for International Expansion
Swoop, the one-stop money shop for businesses has raised £5.4m in a Series A funding round to accelerate international expansion and help more companies to access an array of financing options. The funding announcement follows a surge in demand for SME financing, with revenues at Swoop forecasted to increase by 450% this year. Andrea Reynolds, CEO and Co-Founder of Swoop, said the funding would be used to expand into new markets, with a particular focus on North America.
Digital Banking Vendor Narmi Raises $35M
Narmi, a leading provider of open digital banking technologies, announced $35M in Series B funding co-led by Greycroft and existing investors NEA and Picus Capital. Narmi is one of the fastest-growing companies servicing financial institutions in the United States and plans to leverage the new capital to develop its digital banking solutions more broadly, partner with new financial institutions, and accelerate the digital modernization of the banking industry.
Webio Secures $4M to Scale Conversational AI in the Collections and Payments Industry
Irish start-up Webio, a leader in Conversational AI in the credit, collections and payments industry, announceda series A funding round led by Finch Capital. Webio is primed to scale-up following the digital shift during the pandemic and the uncertain economic climate to make difficult conversations about payments easy through their Conversation AI. Webio’s technology has enabled leading UK and European companies to communicate conversationally with customers throughout their credit and collections journey.
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- 06:00 am

Partnerships
Global Fintech Ascenda Announces Partnership with Banque Saudi Fransi to power JANA Rewards Program in the Middle East
Ascenda, the global loyalty technology company, announces a strategic partnership with Banque Saudi Fransi (BSF), the leading Saudi bank that has established itself as the most innovative financial services company in the region. This best-in-class loyalty solution will tap into BSF’s JANA Rewards Program premium customer base and unlock critical high-value spending across the entire banking relationship.
Ondato Partners With Basketballverse, A Web3 P2E Basketball Metaverse, To Prevent Money-Laundering
Ondato, a leading Know Your Customer (KYC) and Anti-Money Laundering (AML) platform, announced it will be providing remote identification services as part of a new partnership with Basketballverse, a Play-to-Earn (P2E) Web3 multiplayer basketball metaverse due to launch later in 2022. The partnership extends Ondato’s reach into the metaverse and the P2E gaming market. It provides Basketballverse with KYB (Know Your Business) investor ID verification and fully-compliant due diligence procedures to prevent money laundering.
BUNNI Partners with Nordigen for Direct Integration of Bank Account Information on Their Bookkeeping Platform
Accounting software provider BUNNI connects their users to up-to-date transaction information through Nordigen’s open banking platform. BUNNI is a Dutch startup, founded in 2019, with a mission to make bookkeeping simple and addictively fun. Their users are freelancers and small business owners, mainly those with a creative background. BUNNI makes administration easy for freelancers and small business owners with functions that cover timesheet management, trip registration, invoice and quotation creation, as well as bookkeeping.
Contactless Payments Witnessed a 6x Growth in the Last 3 Years: Visa and Worldline India Whitepaper
Visa, the global leader in digital payments, released a whitepaper in partnership with payments processor Worldline India on the growth of contactless payments adoption in India. The whitepaper, ‘India taps into a Contactless Future’, analyses India’s journey with digital payments infrastructure and contactless payments, highlighting the rapidly growing adoption across regions and sectors.
Mobileware Technologies Partners with OmniCard - an Omni-Channel Payment Solutions Platform
OmniCard, an omnichannel spending platform with a keen focus on youth and underserved consumers, has tied up with Mobileware Technologies for their interoperable UPI solutions for wallet-wallet/bank-wallet transactions. A market leader in UPI interoperability, Mobileware also offers scalable payment solutions to organizations that require digital payment transactions for seamless access to the payments ecosystem.
AB Enters Blockchain Collaboration with Allfunds
AllianceBernstein Holding L.P., a leading global asset management firm, and Allfunds Blockchain, the arm of Allfunds (AMS:ALLFG) specialising in blockchain technology, have announced a collaboration to adapt AB’s asset services activities to the blockchain ecosystem. Allfunds Blockchain’s dedicated funds technology offers the possibility to transform operational processes in the fund industry value chain and provide legacy platforms with efficiency, agility, accuracy, and the increased safety blockchain technology delivers.
APEXX Global Partners with Ryanair to Transform Payments Ahead of Post-COVID Travel Boom
APEXX Global, (“APEXX”), the multi-award-winning Payment Orchestration Platform, has partnered with Ryanair to transform the low-cost carrier’s legacy payments infrastructure as Europe continues to reopen borders and international travel returns to pre-Covid levels. APEXX’s pan-European payments solution will boost Ryanair’s conversion rates and lower local and cross-border transaction costs, helping Ryanair continue to deliver its market-leading low-cost delivery.
CommBank Partners with Mambu to Develop Unloan, the CBA Group’s New Digital Home Loan
Australia’s leading bank, Commonwealth Bank of Australia (CBA), has selected market-leading SaaS cloud banking platform Mambu as the technology foundation of its next-gen digital mortgage brand, Unloan. Unloan is set to be a revolutionary force in the Australian mortgage industry, with the new offering able to provide loan refinancing applications in as little as 10 minutes and a discount that increases every year for up to 30 years.
Swinto Partners with Currencycloud to Help Formalize Kosova Economy
Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with Swiss-based Velanis AG to launch Swinto, a financial app that offers easy, accessible instant money transfers to Swiss-based Kosovars, at no charge to them. The people-friendly Swinto app cuts out the time and complexity that the Kosovar population usually endure when sending money home through Swiss-based banks, and means they will no longer be stung by high fees associated with other providers.
Watches of Mayfair Collaborates with TrueLayer to Tackle High Card Fees and Fraud Risks Through Open Banking
TrueLayer, Europe’s leading open banking platform, announces its collaboration with Watches of Mayfair, the luxury London-based watch and jewellery boutique, to build a checkout fit for modern e-commerce, by enabling customers to pay via instant account-to-account payments. Through this approach, Watches of Mayfair is delivering a smoother checkout experience for its customers, reducing the burden of heavy card fees and mitigating the risk of fraud and payment failure.
Delta Expands Cooperative Accounts Receivable Software Solutions with Biller Genie
Delta Payment Solutions, the management arm of Delta Payment Cooperative, announced that they have added Biller Genie as a software cooperative provider partner. Delta Cooperative Members utilizing QuickBooks, Xero or Accounting Suite software can now seamlessly integrate Biller Genie’s cloud-based platform with their Delta merchant or ACH processing accounts to automate Accounts Receivable billing and reconciliation without having to change their current system.
TISAtech Partners with Global Technology Leaders to Enable Fintech Access to Next-gen Services
FinTech benchmarking and innovation de-risking platform, TISAtech, has announced ground-breaking new partnerships with global technology leaders to bring emerging, high-growth FinTechs access to discounted and free next-generation services. Today’s announcement sees MasterCard, Amazon Web Service, R3, and Yodlee join TISAtech’s NEBULA Development Panel. NEBULA provides FinTechs with free or low-cost access to cutting-edge technologies – helping them to build and enhance their business propositions.
HES FinTech Joins Forces with Nordigen to Simplify Open Banking Adoption in Europe
HES FinTech has partnered with Nordigen to provide seamless and integrated end-to-end digital lending solutions with multiple financial providers to rejuvenate the existing European financial ecosystem. HES FinTech is an industry leader that connects financial institutions to intelligent lending platforms that help automate services and increase revenues. HES began in 2012 as a software vendor that would bridge the gap between the old and new worlds of lending through cutting-edge software that reduces operating costs and replaces manual tasks, streamlining front-to-back workflows.
MarketFinance Forms a Strategic Partnership with Funding Options
Leading fintech payments and credit company MarketFinance has partnered with Funding Options to join its real-time lending platform, Funding CloudTM. Funding CloudTM enables lenders to bridge the SME funding gap by providing businesses with the best finance options on the market, at speed and powered by technology. MarketFinance has strengthened its finance origination capability by developing a Lending API to embed its products in Funding CloudTM.
Pleo Selects Lucinity to Provide Trusted AI-powered AML Software as it Continues to Scale
Pleo, the Danish $4.7B FinTech used by 20,000 companies across Europe, has selected Lucinity as its central hub for Financial Crime Prevention after a rigorous selection process. Founded in 2015, Pleo offers smart spending solutions for forward-thinking companies through a streamlined approach to expense management. Pleo has been acquiring new customers exponentially, serving various industries and companies throughout Europe.
Digital Banking and Payments Start-up Revolut Partners with Vonage to Improve Customer Service Experience
Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, announced that global financial super app Revolut has selected the Vonage Contact Center (VCC) for Salesforce solution to improve communications with customers. The Vonage partnership will provide Revolut agents with the ability to route calls to one another to successfully deal with any customer issues and customise dashboards with real-time performance data and analytics.
CaixaBank and Microsoft Establish Innovation Laboratory for Artificial Intelligence Solutions and the Metaverse
CaixaBank and Microsoft have signed a strategic joint innovation agreement intended to promote the application of Artificial Intelligence (AI) to new financial solutions, as well as to create new and innovative work environments in the metaverse. The agreement will see the two companies start up an AI Innovation Lab, with particular involvement from CaixaBank Tech – the tech company launched in 2021 to advance the technological evolution of the CaixaBank Group.
PXP Financial Partners with Discover Global Network to Extend Payment Capabilities
PXP Financial (‘PXP’), the expert in payment services, data analysis and fraud, announced that it is partnering with Discover® Global Network, the payment brand of Discover and the world’s fastest-growing global payment card network. The partnership will allow merchants which use PXP’s point of sale or eCommerce solution to accept payments from the 280 million Discover Global Network cardholders around the world, who collectively represent $500 billion in spending opportunity.
New Partnership will Help Improve Access to Funding for Thousands of SMBs
Uplinq Financial Technologies (Uplinq) announced a new partnership with a leading small business funding provider, Reliant Funding (Reliant). Reliant will engage Uplinq’s revolutionary credit assessment platform to help it make more accurate decisions in situations where standard approaches do not suffice. Founded in 2008, Reliant’s aim is to help small businesses achieve big goals.
Virgin Money Partners with SurePay to Prevent Fraud and Misdirected Payments
SurePay, the leading Confirmation of Payee provider, announced that it has supported Virgin Money with the implementation of its UK Confirmation of Payee solution to protect consumers against fraud and misdirected online payments. Confirmation of Payee is a way of giving consumers greater assurance that their payments are being routed to the intended recipient and are not being accidentally or deliberately misdirected.
Aviva to Implement Open Banking Dashboard for Pension Clients with Bud
Following a rigorous selection process, Bug has been chosen by Aviva to provide the tech behind their new Open Banking dashboard. Aviva originally reached out earlier in the year to discuss the prospect of providing an Open-Banking-enabled dashboard to their workplace pension clients. The idea is that the dashboard will act as a new capability that Aviva’s clients can offer to their pension scheme members and correlates very closely with the insights coming from its ongoing age of ambiguity studies.
Temenos signs TS Banking Group
Temenos (SIX: TEMN) announced that TS Banking Group, an Iowa-based banking institution, has selected Temenos Banking Services delivered on the Temenos Banking Cloud for a complete front-to-back digital transformation. TS Banking Group will migrate the entirety of its banking operations to Temenos’ leading open platform for composable banking.
Launches
Scaleway expands its Cloud Ecosystem with the Launch of its New Line of PRO2 Instances
Scaleway, the cloud of choice, releases the latest generation of high-end production instances, PRO2, powered by 3rd Gen AMD EPYC™ 7003 processors. This processor is only available by complete cloud ecosystems, and Scaleway is the only European provider currently selling them. The new line offers flexible ratios of CPU to RAM to cover all customers' infrastructure needs.
Sumsub has Launched GPS-based Proof of Address Verification
Sumsub, a tech company that helps businesses stay compliant and fight digital fraud, has recently addedGPS-based verification to its Proof of Address solution. This new feature is primarily aimed at the fintech market, where companies are often obliged to verify user residence. By opting for GPS-based technology, rather than combing through physical documents, companies can verify addresses as quickly and conveniently as possible, keeping pass rates sky-high.
Gold-i Adds Binance to its Crypto Switch
Gold-i integrated its Crypto Switch™ 2.0 with Binance, one of the world’s leading cryptocurrency exchanges.The integration enables Gold-i’s institutional clients to trade Binance’s wide spread of digital assets and products with highly competitive pricing. Gold-i’s clients will be able to capitalize on Binance’s market-leading liquidity for investment and hedging opportunities.
Ceviant Launches Operations in Nigeria
Ceviant, the UK-based fintech platform offering transformative cash management solutions for emerging market businesses, announces it has launched in its first emerging market, Nigeria, as it goes live with its website. Ceviant is a financial technology company that delivers a broad range of treasury and trade solutions to a large and diversified client base, including corporates and multinationals, SMEs, importers, and exporters.
Plenitude Launches ClientSight, Financial Crime Client Risk Rating Solution
Plenitude, the Financial Crime, Risk and Compliance specialists launched Plenitude ClientSight, a comprehensive, cloud-based Client Risk Rating (CRR) solution. CRR is a key control for all Anti-Money Laundering (AML) regulated firms which forms part of an effective risk-based approach. CRR determines the level of Know Your Customer (KYC) and Client Due Diligence (CDD) that needs to be performed, and the level and frequency of ongoing monitoring activities across the client lifecycle.
CASHe Launches Instant Credit Line on WhatsApp; Name is All that one Has to Share
CASHe, India’s leading credit-led, AI-driven financial wellness platform announced that it has launched an industry-first credit line service using its AI-powered chat capability on WhatsApp to provide customers with a fast, seamless and convenient way to access instant credit lines by merely typing their name. The company further stated that it is the first fintech player to offer this revolutionary service that promises an instant credit limit without the need for any documents, app downloads or filling up tedious application forms.
Nucleus365, Launches to Market
Nucleus365, a UK-based payment institution offering a centralised platform for global payment processing, FX and connected banking, has launched to market at Money20/20. Nucleus365 offers an integrated payment solution for merchants seeking to access new and emerging markets. Regulated by the Financial Conduct Authority (FCA), Nucleus365 offers a unified platform for payment processing, back office treasury functions and reconciliation purposes covering banking and acquiring.
Temenos Launches a Dynamic NAV Oversight and Contingency Solution for Asset Managers
Temenos announced the launch of Multifonds Navigator, a simple and cost-efficient NAV oversight and contingency solution available to asset managers who outsource their fund accounting operations to third-party administrators. Powered by a robust exception-driven engine that drills down into the most intricate detail of fund structures, Multifonds Navigator provides an estimated NAV and IBOR valuation that is calculated across asset classes and multiple jurisdictions automatically.
Walken to Launch on Bybit Launchpad 2.0
Walken protocol, the market's first all-in-one product based on the Walk2Play-Win2Earn concept, is launchingin partnership with Bybit as the first listing platform for its token $WLKN. Bybit users can access the token on Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects. Bybit users can commit BIT to subscribe to token allocations or participate in Launchpad 2.0's new lottery model for early-stage projects for a chance to win allocations of new tokens with USDT.
Wise Сompetitor Atlantic Money Rolls Out App to Early Sign-ups in the UK
Atlantic Money, the fintech that helps people send money globally, quickly and cost-effectively, is rolling out its product for the first time to early sign-ups in the UK. The firm expects to save its average customer around 75% annually when compared to Wise. This saving increases substantially when compared to other market players such as leading banks.
Payveris Introduces Loan Payments Service
Modern money movement leader Payveris, a division of Paymentus, launched Loan Payments®, a cutting-edge loan and debt repayment service with the widest array of real-time payment methods and channels available on the market. Loan Payments® is designed to help financial institutions meet rising consumer demand for payment methods and channels that are speedy, convenient and secure — all while reducing operational overhead, fostering better customer engagement and loyalty.
Merger & Acquisition
Enterprise Payment Leader TIS Acquires Forecasting Innovator Cashforce
Treasury Intelligence Solutions (TIS), a global leader in enterprise payment optimization, announced its acquisition of Cashforce, an AI-powered provider of cash management and forecasting solutions. This acquisition will see Cashforce's leading cloud solution - currently deployed at many of the largest and most sophisticated corporate treasuries in the world - become integrated with TIS' SaaS payments platform.
Nexi Announces Sale of Technology Businesses Worth €57M to Euronext
Nexi S.p.A. (“Nexi”) and Euronext Group (“Euronext”) announce the signing of the sale and purchase of the technology businesses currently powering MTS, Euronext’s leading fixed-income trading platform, and Euronext Securities Milan (formerly called Monte Titoli) by Nexi to Euronext (the “Transaction”). The purchase price will be paid in cash and amounts to c. €57m, subject to customary closing adjustments.
CleverTap Completes Acquisition of Leanplum
CleverTap, the world's No.1 retention cloud, announced it has completed its acquisition of San Francisco-based Leanplum, a leading multi-channel customer engagement platform. The acquisition, originally announced on 19th May, was closed in a record time of 3 weeks. With this acquisition, CleverTap has strengthened its footprint in the US and Europe. CleverTap will combine the product stack of both organizations and extend its world-class solutions and technology to all its customers and prospects worldwide.
Job Moves
PPRO Appoints Former Wayfair Finance Head as New CFO
PPRO, the leading provider of digital payments infrastructure, appointed former Wayfair Europe finance chief Rahul Raswant as its new Chief Financial Officer. Rahul takes over the position from Götz Möller, who is stepping down after more than three years at the company. Rahul brings diverse international experience to the role. Prior to joining PPRO, he was the European Head of Finance at Wayfair for three years.
Menlo Security Joins CrowdStrike’s CrowdXDR Alliance
Menlo Security, a leader in cloud security, announced that it has joined the CrowdStrike CrowdXDR Alliance, a unified and open Extended Detection and Response (XDR) coalition formed with security and IT operations leaders and best-of-breed solutions. As a member of the CrowdXDR Alliance, Menlo Security’s solution will be integrated into CrowdStrike Falcon XDR to provide protection from malware being delivered by Highly Evasive Adaptive Threats (HEAT).
payabl. Promotes Oleg Stefanets to Chief Risk Officer
payabl., the European payments expert that enables businesses to take payments easily, reliably and securely, announces it has promoted Oleg Stefanets to Chief Risk Officer. With vast risk management experience in the online payments industry, particularly in card schemes acquiring, merchant underwriting, mitigation of risk and fraud management, Oleg has showcased his expertise to achieve two promotions at payabl. in under two years.
Accelerated Payments appoints VP Carolyn McClure to advance Business Development across North America
SME funding provider Accelerated Payments has made another strategic appointment in North America as it beefs up its local presence in the region. Industry veteran Carolyn McClure has joined as Vice President of Business Development and will be responsible for implementing growth strategies and customer acquisition for alternative financing services during a time of global economic uncertainty.
Yapily Appoints New CTO to Accelerate European Innovation and Expansion
Yapily, the open banking infrastructure provider, announced that Noam Oren has joined the executive team as Chief Technology Officer. A seasoned tech industry veteran from Payoneer, Noam brings to Yapily over two decades of experience in cross-border payments, meeting the needs of enterprise companies, and scaling global organisations. In his last role, he contributed to the company's growth from the seed stage to a successful IPO in 2021.
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- 02:00 am

Temenos (SIX: TEMN) today announced that TS Banking Group, an Iowa-based banking institution, has selected Temenos Banking Services delivered on the Temenos Banking Cloud for a complete front-to-back digital transformation.
TS Banking Group will migrate the entirety of its banking operations to Temenos’ leading open platform for composable banking.
Headquartered in Treynor, Iowa, TS Banking Group is a multi-charter bank holding company, with $1.5 billion in banking and fiduciary assets and locations across the Midwest. This partnership will encompass three of TS Banking Group’s brands: TS Bank, The Bank of Tioga and First National Bank and Trust Company. Leading the resurgence in community banking, TS Banking Group reinvests 10% of their net income locally; hosting educational events and partnering with local organizations and nonprofits as part of its mission to IGNITE PROSPERITY®. TS Banking Group will implement Temenos’ pre-composed banking services across the three banks to increase profitability and deliver world-class banking experiences with a local touch.
Leveraging Temenos global expertise and continuous investment in R&D, TS Banking Group will create an open ecosystem by customizing banking services and integrating them with third-party fintech solutions. Temenos Banking Cloud will enable TS Banking Group to increase agility, efficiency, and scalability. The openness of the Temenos platform will enable TS Banking Group to design banking experiences geared specifically to its niche audience of farming communities.
Kevin Forristall, President, TS Banking Group, said:
“We chose to partner with Temenos because we believe it is the best possible way for us to serve our employees, clients and communities into the foreseeable future. In the debate between relationship banking and digital banking, we are committed to delivering the best of both for our communities. The Temenos Banking Cloud will provide us with the agility of a challenger bank, and the investment in innovation of the larger banks, in a way we would otherwise be unable to achieve. With this open platform, we will reach new communities that are typically underserved, and provide seamless experiences and support to our local farmers, businesses, families and communities.”
Roman Bartik, President – Americas, Temenos, said:
“We are delighted that TS Banking Group has selected the Temenos Banking Cloud as a foundation to support their ongoing mission to spearhead banking in rural communities. Temenos Banking Cloud is the platform of choice for banks whether they are digital-first or traditional brick and mortar banks. This signing with TS Banking Group follows strong growth and customer success in the U.S. market. Temenos’ cloud platform paves the way for banks to deliver mission-driven products and services that delight their customers, and we look forward to partnering with TS Banking Group.”
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- 09:00 am

Modern money movement leader Payveris, a division of Paymentus, today launched Loan Payments®, a cutting-edge loan and debt repayment service with the widest array of real-time payment methods and channels available on the market.
Loan Payments® is designed to help financial institutions meet rising consumer demand for payment methods and channels that are speedy, convenient and secure — all while reducing operational overhead, fostering better customer engagement and loyalty.
An Aite-Novarica Group survey from 2021 found that 89% of consumers want more real-time payment options from their digital banking experience. As consumers enjoy more payment choices, speed and convenience in just about every other aspect of their financial lives, they expect the same from their loan payment servicers — and aren’t satisfied by the status quo from financial institutions. In fact, a recent J.D Power study found that non-bank loan servicers saw a 17% increase in customer satisfaction, while banks only saw a 4% increase.
“When financial institutions make it complicated to accept and receive payments through coupon books or legacy loan payment systems, borrowers are less likely to consider them for their next loan,” explained Payveris Chief Innovation Officer Marcell King. “Providing choice, speed and autonomy is no longer a bonus, but a baseline expectation for consumers. Financial institutions must seriously rethink their loan payment experience and meet customers where they are, and Loan Payments® can help them get there. Whether that’s an auto loan, a personal loan, or a mortgage, the days of consumers using a coupon book have passed.”
With Loan Payments®, financial institutions can deliver a true omni-channel experience that matches what consumers have come to expect from shopping or paying bills. Payment methods supported by Loan Payments® include cash, debit card and e-check/ACH. Loan Payments® also empowers consumers to choose their preferred payment channel, whether it's online, mobile, text, PayPal app, Amazon Alexa, Walmart, or directly at their bank or credit union. In addition to more convenience and flexibility, Loan Payments® gives financial institutions’ customers more control over how they automate and schedule payments, and the ability to spread their payments across multiple methods at once.
Reducing overhead & driving consumer loyalty
Financial institutions that offer dated loan payment experiences — in which non-deposit customers can’t easily pay their loan bill online, make payments using a variety of sources, or have their payments post in real-time — accrue more overhead costs in the form of inbound phone calls. With a sub-optimal loan payment experience, financial institutions are practically inviting these costly interactions with their customer service representatives. This problem only gets worse with scale.
WSECU, a Payveris customer since 2020, is one of the first financial institutions with plans to roll out Loan Payments®.
Melissa Wolff, Vice President, Operations Support and Payment Services at WSECU:
“Our first priority is to improve the loan payment experience for members, making it easier and providing them more options. Payveris is helping us do that, and that alone is a big win. But there is also more we gain, including the operational efficiencies that come from no longer managing disparate processes. Now, everything is centralized into one payment processing system, regardless of which option best meets the needs of an individual member.”
Financial institutions also stand to gain another avenue in which they can drive customer engagement and loyalty.