Category : Banking

Banking News

Opera Acquires European Banking-As-A-Service Company Pocosys

Fintech News Desk
by Fintech News Desk0
Company to launch a new European fintech operation Opera Limited , one of the world’s leading browser providers is bringing new offerings across content, classifieds and fintech to its large user base of more than 350 million monthly active users. The Norwegian headquartered company announced completion of the acquisition of......
Banking News

MoneyGram Names Robert L. Villaseñor as General Counsel and Corporate Secretary

Fintech News Desk
by Fintech News Desk0
MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, announced that Robert L. Villaseñor has been named General Counsel and Corporate Secretary. In his role, Mr. Villaseñor will oversee global legal matters for the company and communicate with regulators and lawmakers on matters that impact MoneyGram......
Banking News

Alphacredit Enters Into an Agreement to Raise up to USD$125 Million From an Investor Group Led by SoftBank’s Latin America Fund

Fintech News Desk
by Fintech News Desk0
AlphaCredit, a Latin American-focused FinTech platform that specializes in consumer lending and financial solutions for SMEs, has signed an equity round for up to USD$125 million led by SoftBank’s Latin America Fund, one of the leading technology investors in the world. The equity infusion will allow AlphaCredit to consolidate its place as......
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......
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......
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......
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......
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......
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......
Banking Business News

Survey: Most Financial Services’ Digital Offerings Are Not Accessible to Persons With Disabilities

Fintech News Desk
by Fintech News Desk0
With Market Gaps, Brand Reputation and Legal Threats Looming, Companies Must Take a More Decisive Approach Deque Systems, a leading software company specializing in digital accessibility, announced the results of a survey showing that most financial services firms are not adequately ensuring that their websites, mobile sites and apps are......
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