Month : August 2021

Arch Capital Group Ltd. Closes Acquisition of Westpac Lenders Mortgage Insurance Limited
InsurTech Mortgage News

Arch Capital Group Ltd. Closes Acquisition of Westpac Lenders Mortgage Insurance Limited

Fintech News Desk
by Fintech News Desk0
Arch Capital Group Ltd. announced the completion of the previously disclosed acquisition of Westpac Lenders Mortgage Insurance Limited (WLMI), an Australian Prudential Regulation Authority (APRA) authorized captive lenders mortgage insurance (LMI) provider to the Westpac Group (Westpac). With the transaction complete, Arch will proceed with combining the operations of WLMI......
Prosus Agrees Acquisition of BillDesk by PayU for US$4.7 Billion
Digital Payments Fintech News

Prosus Agrees Acquisition of BillDesk by PayU for US$4.7 Billion

Fintech News Desk
by Fintech News Desk0
Acquisition of BillDesk will see PayU become one of the leading online payment providers globally, handling a total payment volume (TPV) of US$147 billion Deal will bring Prosus’s cumulative investment in Indian tech to more than US$10bn Prosus CEO: “Payments and fintech is a core segment for Prosus, and India......
Juniper Research: B2B Cross-border Payment Transaction Values to Exceed $42 Trillion in 2026, as eCommerce Marketplace Growth Stimulates Trade
B2B Digital Payments News

Juniper Research: B2B Cross-border Payment Transaction Values to Exceed $42 Trillion in 2026, as eCommerce Marketplace Growth Stimulates Trade

Fintech News Desk
by Fintech News Desk0
A new study from Juniper Research has found the transaction value of B2B cross-border payments of all payment types will exceed $42.7 trillion in 2026, from $34 trillion in 2021. The research identified that growth of over 25% is being driven by increased popularity of eCommerce marketplaces, which are generally cross-border in......
Adyen launches Score with GoFundMe -- A Machine Learning Tool To Easily Identify Malicious Platform Users
Digital Payments News

Adyen launches Score with GoFundMe — A Machine Learning Tool To Easily Identify Malicious Platform Users

Fintech News Desk
by Fintech News Desk0
Adyen, the global payments platform of choice for many of the world’s leading companies, today launched Score. The company is first-to-market with a machine learning driven solution on a single platform for signaling irregular activity and monitoring platform compliance. By leveraging data insights analyzing the platform merchant’s data and flagging......
Unitas Financial Services Announces Sudden Passing of President and Chief Executive Officer William (Bill) Jones
Fintech InsurTech Mortgage News

Unitas Financial Services Announces Sudden Passing of President and Chief Executive Officer William (Bill) Jones

Fintech News Desk
by Fintech News Desk0
Unitas Financial Services (Unitas) announced the passing of their CEO and President, William (Bill) Jones, 53, due to complications of Covid-19. Co-owner and President of the Unitas Mortgage Division, Lisa Cooper, has been appointed as Interim CEO. In the 26 years since founding Golden Eagle Insurance, which later merged with Innovative......
Global FinTech Leader Veritran Announces Strategic Growth Investment from Trivest Partners
Fintech News

Global FinTech Leader Veritran Announces Strategic Growth Investment from Trivest Partners

Fintech News Desk
by Fintech News Desk0
Veritran reaches $225 million valuation with strategic investment from Trivest Partners Veritran, Inc., a leading global FinTech Low-Code Platform provider, announced a strategic growth investment from Miami-based Trivest Partners LP (“Trivest”), one of the leading U.S. private equity firms with over $2.4 billion of assets under management. With this investment the Company reaches a $225......
Rigel Protocol is Bringing DeFi to Everyone With the Gifting DApp
DeFi News

Rigel Protocol is Bringing DeFi to Everyone With the Gifting DApp

Fintech News Desk
by Fintech News Desk0
Rigel Protocol is set to bring new solutions to the Defi space, on both the BSC and the Ethereum chain, a Decentralized Protocol that aims to give to the community access to multiple instruments to expand the adoption of Blockchain technologies in daily life. The Rigel Protocol is completely designed,......
Standard Chartered and Linklogis Rally Investors to Drive Sustainable Trade Finance
Banking Fintech News Risk Management

Standard Chartered and Linklogis Rally Investors to Drive Sustainable Trade Finance

Fintech News Desk
by Fintech News Desk0
Joint venture to launch Olea, a digital blockchain-enabled trade finance platform Standard Chartered, a leading international banking group, and Linklogis, a leading supply chain finance technology solution provider in China, today announced a joint venture to establish Olea, a fully-digitised trade finance origination and distribution platform that aims to bring......
Bankjoy Expands Reach to More Than One Million Members
Banking Digital Fintech Mobile Banking News

Bankjoy Expands Reach to More Than One Million Members

Fintech News Desk
by Fintech News Desk0
Demand for modern digital banking grows as more credit unions partner with fintech to deliver superior member experience Digital banking provider Bankjoy is expanding its reach to more than one million members nationwide, demonstrating a strong and growing demand for its digital platform. “Our mission is to provide services that go above......
Paymerang
Digital Payments Fintech News

Paymerang Announces New Partnership with Community Bank Services, a Subsidiary of the North Carolina Bankers Association

Fintech News Desk
by Fintech News Desk0
Partnership will help banks and their customers automate invoice processing and vendor payments. Paymerang, a Richmond, Va.-based, industry leading finance automation company, provides simple solutions to antiquated accounts payable processing operations, helping banks become more efficient, secure and profitable. The company has announced a new strategic partnership with Community Bank Services,......
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