Financial Services & Insurance

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Moorwand unveils SEPA access for its Digital Banking service

LONDON, 10th October 2019 – Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, has today launched access to the SEPA initiative (Single Euro Payments Area) for customers of its Digital Banking service. Access to SEPA connects Moorwand’s client base – issuers – to an initiative for cross-border transactions that is active across 36 participating nations, including all EU member states and EEA members. SEPA represents an addition to Moorwand’s existing range of payment solutions for Digital Banking which encompasses: Faster Payments, BACs and Direct Debi ...

10.10.2019

Paper is the enemy of on-time payment

10th October, 2019: London, UK: It’s widely accepted that removing paper-based processes from accounts payable is best practice. So why is it that paper still continues to dominate in many organisations? According to Billentis Market Report for eInvoicing, 70% of all invoice processing globally is still paper-based. Consider the consequences of a single typo as a paper invoice is processed. Working from an incorrectly entered due date, the company fails to pay the vendor early, losing out on a vendor discount. If it misses the correct due date, its supplier takes things a step further and ...

10.10.2019

LankaClear Launched LankaPay/JCB Co-badged Cards in Sri Lanka

Colombo / Tokyo, Oct 9, 2019 - (ACN Newswire) - LankaClear (Private) Limited (LankaClear) - the operator of LankaPay, Sri Lanka's National Payment Network, together with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the commercial roll-out of National Card Scheme (NCS) programme of Sri Lanka, after successfully completing the pilot stage since the announcement of the strategic partnership in June 2017. With the commercial roll-out of NCS programme, LankaPay/JCB co-badged payment cards are now accepted at ATMs and merchants on JCB n ...

09.10.2019

Moorwand wins duo of industry awards

London 4th October 2019 – Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, has won Mastercard ‘Market Shaker’ and Emerging Payments Association awards. The company has also been nominated for the Fintech Power 50. Moorwand is a dedicated BIN sponsor, issuer and acquirer that turns compliance into competitive advantage for its clients. Led by payments pioneer Robert Courtneidge, and trusted by incumbents and innovators alike, Moorwand provides Electronic Money Services and access to card schemes along with unparalleled legal, regulatory and payments expe ...

04.10.2019

Samsung Pay and Finablr Announce Cross-Border Payments Partnership

- First international money transfer service of its kind within a native mobile wallet in the U.S., offering seamless cross-border payments. - The in-app ‘Money Transfer’ service powered by Travelex, a Finablr company, makes international payments easier than ever, right from the Samsung Pay app. - Samsung Pay users in the U.S. can now send money to recipients in 47 countries including India, Mexico, China, Philippines and major markets in Africa, with plans to expand to other markets. - The new service, within Samsung Pay app in the U.S., leverages Finablr’s integrated technology platfor ...

03.10.2019

651 Enterprise Software Deals And Sky-High Multiples Signal Acquirers’ Sprint For Digital Transformation, Says Hampleton Partners

London, 2 October 2019 - In its latest analysis of global Mergers & Acquisitions activity in Enterprise Software, Hampleton Partners reports the highest deal count ever recorded, with 651 transactions inked over the first half of 2019. Multiples were also sky-high; the trailing 30-month median EV/EBITDA multiple peaked at 17.5x, inching its way up from last year’s levels. Revenue multiples also grew, reaching a record 3.8x in 1H 2019. Hampleton Partners’ report noted two major M&A trends: • Large acquisitions and high valuations: disclosed transaction value for the half- ...

02.10.2019

OCBC Bank to Commence JCB Cards Acceptance in Singapore

Singapore and Tokyo, Oct 2, 2019 - (ACN Newswire) - JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd. (JCB), and Overseas-Chinese Banking Corporation Limited (OCBC Bank), the longest established Singapore bank, are pleased to announce a new partnership to broaden JCB Card acceptance in Singapore. With the acceptance of JCB Cards, OCBC Bank reinforces its position as one of the leading acquirers and continues to build momentum increasing its merchant base both in the physical and e-commerce space. Through this partnership with OCBC Bank, the JCB ...

01.10.2019

Semafone adds new accessibility features to award-winning Cardprotect Voice+ payments solution

Boston, MA and Guildford, UK – September 30, 2019 – Semafone®, the leading provider of data security and multi-channel compliance solutions for call and contact centres, today announced that it has added a range of new features to its award-winning and patented telephone payments solution – Cardprotect Voice+. One of the most important new features is Live Voice Capture, which addresses the needs of elderly or disabled customers who are unable or reluctant to use a telephone keypad to enter their payment card details. Live Voice Capture enables contact centre agents to place a call into se ...

30.09.2019

Fundsmith appoints Zeidler Group to produce KIIDs for UCITS funds

30th September 2019 Fund management company Fundsmith LLP has selected the Zeidler Group to produce Key Investor Information Documents (KIIDs) for its UCITS funds. Fundsmith will benefit from Zeidler’s one-stop shop KIID solution, which includes financial calculations and monitoring, legal content and sign off, translation management, storage and dissemination. Graeme Pollok, Head of Compliance at Fundsmith LLP says, “We were previously producing and managing our KIIDs in-house. With the increase in the number of country registrations, we decided to look for an outsourced solution to de ...

30.09.2019

Flywire and JCB Offer New Payment Option for International Students

Boston & Tokyo, Sept 30, 2019 - (ACN Newswire) - Flywire and JCB International, Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., today announced a new partnership that provides international students with a new method for making cross-border tuition payments. The program, which officially launched on September 27, allows cardholders in select countries and regions mainly in Asia to use their JCB card to pay tuition at any one of the 2,000 plus schools around the world that offer Flywire for international payments. For the first time, students and their familie ...

30.09.2019

SCRY.INFO Participates in Discussion on Financial Technology at 20th World Knowledge Forum

SINGAPORE, Sept 29, 2019 - (ACN Newswire) - Eva Foo, SCRY.INFO founder, was invited to participate in the 20th World Knowledge Forum (Sept 25-27) discussion on the development of financial technology. Eva expressed her view that through the application of blockchain in the financial field, and its support of terminal payments and smart contract data verification services, blockchain will become increasingly prominent in the Korean commercial market. SCRY.INFO has released a blockchain open source protocol, based on real data sources which realize the storage, verification, sharing, analysis ...

29.09.2019

Infinito Unveils Native Exchange Feature for Over 150 Cryptocurrencies on Infinito Wallet

SINGAPORE, Sept 26, 2019 - (ACN Newswire) - Infinito today announced that users of Infinito Wallet can now trade over 150 cryptocurrencies seamlessly inside the app using the newly introduced feature, Native Exchange. This new function is developed in collaboration with Infinito's strategic network of exchange service partners, the first of which to be implemented is the popular non-custodial exchange, Changelly. More exchange partners will be integrated to upgrade this function with a "best-rate" feature where users can choose from a selection of attractive trading rates from d ...

26.09.2019

Fidel Raises Series A Funding to Facilitate Rapid Fintech Innovation

LONDON and NEW YORK - 25 September 2019 - UK-headquartered fintech company Fidel has today announced that it has secured its first major funding round, an $18M Series A, co-led by US-based fintech specialist funds Nyca Partners and QED Investors. The new funding will be used to build the Fidel team and support the company’s growth, product development and international expansion in North America, the Nordics and APAC. The oversubscribed round also includes investment from Commerce VC, Elefund, Horizons Ventures, 500 Startups and several high profile angel investors such as Cris Conde, forme ...

25.09.2019

Azzurro Associates Selects LexisNexis Visualfiles for Azzurro Law Ltd

LONDON, U.K., 25 September, 2019 – Innovative and growing commercial debt management business, Azzurro Associates, has selected LexisNexis® Visualfiles™ as the legal workflow and case management platform of choice for its newly formed commercial legal recoveries business, Azzurro Law. Visualfiles will enable the firm to efficiently and flexibly manage the debt recovery process across the life span of portfolios handled by the organisation. Azzurro Law will use Visualfiles for pre-legal and amicable collection, legal recovery, insolvency, disputes and enforcement. Additionally, based on defi ...

25.09.2019

Gresham and AccessPay partnership to accelerate global adoption of Clareti Multi Bank services

London - 24 September, 2019 - Gresham Technologies plc, the leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management, today announced a partnership with AccessPay, significantly enhancing its market-leading Clareti Multi-Bank cloud-based solution with connectivity to AccessPay’s enterprise-to-bank integration platform. A global provider of real-time solutions for cash management and payments control, Gresham required a partner that could help accelerate the adoption of those sol ...

24.09.2019

Juvo Unveils ‘Financial Identity as a Service’ to Unlock Financial Services for 3.9bn Underbanked Consumers

San Francisco, September 24th, 2019 – Juvo, a pioneer of financial identities for the underbanked, today unveils Financial Identity as a Service (FiDaaS). FiDaaS is a technology suite that builds financial identities by utilizing alternative data sources, along with incremental data generated from direct-to-consumer lending. These financial identities allow the 3.9 billion people[1] around the world without a credit history to qualify for financial services from financial institutions and merchants, often for the first time. Juvo’s FiDaaS platform currently updates 5.6 billion data points ever ...

24.09.2019

Advisory Firm Avonhurst Hires New Head of Network Relationships

LONDON – Advisory law firm Avonhurst today announced it will be joined by a new Head of Network Relationships, Dutch lawyer Carolina Daubeney-Bruil. This marks the fifth high level hire since the firm launched just over two months ago. Daubeney-Bruil has spent the last four years working as International Law Firm Relationship Manager at Ropes & Gray’s London office, primarily focusing on Europe. Previous to that, she was a Senior Associate at Clifford Chance in the project finance group, and an Advocaat in the Amsterdam office of Baker & Mackenzie, specialising in property investme ...

23.09.2019

Gresham and ANZ partnership progresses innovative cash management solution

London – 20 September 2019 - Gresham Technologies plc, the leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management provides further details of its recent strategic licencing agreement with ANZ for a new and innovative cash management solution. Gresham and ANZ have partnered to deliver a complex project which has involved collaboration between teams from a number of different areas of the bank working across multiple time zones with Gresham staff in Asia Pacific and at its Innova ...

20.09.2019

Travelex unveils new API-led B2B fintech platform 'Travelex Business'

Travelex, a Finablr company and a market leading independent foreign exchange specialist, has today unveiled its new B2B fintech platform, Travelex Business. Travelex Business allows the company's partners including banks, credit unions, retailers and digital technology companies, to access a broad range of payments and foreign exchange services in one place. The launch of the Travelex Business platform follows a four-year digital transformation project. Travelex Business leverages the strengths of Finablr's network and capabilities and combines it with a state-of-the-art cloud-ba ...

17.09.2019

65% of banks struggle with payment profitability according to Aite research

London, 17th September 2019 – Aite Group, a global research and advisory firm in financial services, today launches a new report “The Payments Transformation Race: Criteria for Success”, commissioned by Icon Solutions. Based on a global survey of senior executives at the world’s top-tier banks, it reveals that high costs, low margins and increasingly commoditised business models are eroding payment profits, resulting in some services failing to break even. On the upside, it shows a clear link between payment transformation priority and profit, with those banks committed to investment demon ...

17.09.2019


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