Month : January 2020

WEX Announces a $400 Million Investment From Warburg Pincus and Amendment to the Credit Agreement
Banking Business News

WEX Signs Definitive Agreement to Acquire eNett and Optal

Fintech News Desk
by Fintech News Desk7
Aligns with WEX’s global growth strategy by extending the Company’s leadership position in the attractive Travel market Accelerates WEX’s revenue growth and is accretive to adjusted net income EPS in the first 12 months Provides significant global geographic diversification while reducing WEX’s exposure to macro-economic fluctuations Complements WEX’s technology and......
MTrac 2020 – An Improved Platform to Increase Compliance
Banking News

MTrac 2020 – An Improved Platform to Increase Compliance

Fintech News Desk
by Fintech News Desk8
Global Payout Inc. and its wholly owned subsidiary MTrac Tech Corporation (“MTrac”) are pleased to announce that the beta phase of the system improvements to MTrac 2020 has been completed. The platform was augmented to accommodate the growing demands of the regulatory agencies that oversee the financial industry. The MTrac team......
MUFG Union Bank Launches Real-Time Payments for Clients on the RTP Network
Banking News

MUFG Union Bank Launches Real-Time Payments for Clients on the RTP Network

Fintech News Desk
by Fintech News Desk7
MUFG Union Bank N.A., announced that receipt of real-time payments is available for its corporate, commercial, and retail clients via the RTP® network, operated by The Clearing House. The RTP network provides instantaneous receipt of payments, which increases payment certainty and funds availability, with funds immediately available for use. Real-time payments enable MUFG......
Kurtosys Raises Funding From Vistara Capital to Accelerate Global Growth
Banking News

Kurtosys Raises Funding From Vistara Capital to Accelerate Global Growth

Fintech News Desk
by Fintech News Desk8
Kurtosys, a leading digital experience platform (DXP) provider for financial service firms, announced that it has secured growth capital from Vistara Capital Partners. This funding enables the company to accelerate its global growth initiatives and invest further in the automation and delivery of exceptional investor experiences. Kurtosys provides an end-to-end......
Magna Finance Company Selects Input 1 Premium Billing System as Their Platform for the Future
Banking Business News

Magna Finance Company Selects Input 1 Premium Billing System as Their Platform for the Future

Fintech News Desk
by Fintech News Desk5
Input 1, a digital billing and payments provider to the insurance industry, is pleased to announce that Magna Finance Company has selected Input 1’s Premium Billing System as the digital cloud platform for its insurance premium finance business. Headquartered in Worcester, MA, Magna Finance has been a provider of premium financing......
SoFi Announces First Credit Card That Can Help People Pay Down Debt
Banking News

SoFi Supercharges its Debit and Credit Cards with Mastercard

Fintech News Desk
by Fintech News Desk6
SoFi and Mastercard to Offer Top-of-the-Line Benefits and Technology to SoFi Members SoFi, the digital personal finance company, and Mastercard announced a multifaceted partnership to offer a suite of products and in-person experiences to its nearly one million (and growing) SoFi members. The partnership will initially focus on the SoFi Money......
Mphasis and QEDIT Partner to Offer Privacy-Enhancing Technology Solutions on Blockchain to Enterprises
Fintech News

Mphasis and QEDIT Partner to Offer Privacy-Enhancing Technology Solutions on Blockchain to Enterprises

Fintech News Desk
by Fintech News Desk6
Mphasis , an Information Technology (IT) solutions provider specializing in cloud and cognitive services, announced its partnership with Israeli-based QEDIT, an enterprise solution provider that uses Privacy-Enhancing Technology and Zero-Knowledge Proof (ZKP) cryptography to help companies transact and leverage their business data in a privacy-compliant manner. Under this partnership, the two entities will......
Unintended Consequences: Financial Regulators Face Legal Impediments to Innovation
Business News

Unintended Consequences: Financial Regulators Face Legal Impediments to Innovation

Fintech News Desk
by Fintech News Desk6
The financial regulatory system is struggling to keep up with the breakneck speed of technological change, and even as financial regulators embrace new technologies, there are legal and regulatory hurdles that can hamper innovation. Study Uncovers Legal Impediments that Hold Regulators Back The Alliance for Innovative Regulation (AIR) and Flourish......
DMCC Announces Crypto Valley in Dubai at Davos 2020, Boosting Blockchain Ecosystem
Blockchain Cryptocurrency News

DMCC Announces Crypto Valley in Dubai at Davos 2020, Boosting Blockchain Ecosystem

Fintech News Desk
by Fintech News Desk0
World’s largest ecosystem for cryptographic, blockchain and distributed ledger technologies to launch in Dubai DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – announced its strategic partnership with CV VC and CV Labs, to launch Crypto Valley – the world’s largest ecosystem for cryptographic, blockchain......
Socotra Raises $15.2 Million in Series B Funding to Transform Insurance IT
InsurTech News

Socotra Raises $15.2 Million in Series B Funding to Transform Insurance IT

Fintech News Desk
by Fintech News Desk0
Former New York Life President John Kim Joins Socotra Board Socotra, a San Francisco-based company with the only cloud-native core platform that enables insurance companies to rapidly develop and deploy new products, announced that it has raised $15.2 million in a Series B funding round led by Brewer Lane Ventures with......
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