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Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

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NiyoX Equitas Digital Savings Account On-boards 100,000 Customers In 50 Days

NiyoX – a 2-in-1 wealth plus savings account powered by India’s leading digital banking fintech Niyo – on-boards 100,000 customers in less than two months of its launch. At a time when more than 80% of the country is under lockdown-like restrictions, the relevance and need of having a digital savings account has increased exponentially. NiyoX is on track to on-board 2 million customers by FY21-22.

Crypto Custodian Brane Capital Working with MNP for SOC 2 Certification

Brane Inc., a leading cryptocurrency custodian, announced today that it is working with MNP to perform SOC 2 assurance covering the security trust criteria for Brane’s custody service.

Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients

Customers Bank, a subsidiary of Customers Bancorp, Inc. a bank holding company, and Tassat, a global provider of blockchain technologies for digital payments, announced that Customers Bank will use Tassat’s proprietary platform TassatPay® Network, which features real-time B2B payments and integration of digital and legacy payment rails. The partnership will deliver enhanced payments functionality for the bank’s business clients and low-cost core deposit growth for the bank.

Billtrust Announces Business Payments Network 4.0 (BPN), Record Volume and Network Participation

Billtrust, a B2B accounts receivable automation and integrated payments leader, announced the next major version of its Business Payments Network 4.0 (BPN) during its Billtrust Summit 2021 event. BPN 4.0 now supports the bi-directional exchange of transactional data and documents, enabling invoice presentment to accounts payable portals in addition to its existing payment and remittance acceptance capabilities. BPN, an open network supporting buyers and suppliers allowing both AP and AR platforms to exchange invoices, payments and remittance data, now delivers invoices to over 170 leading accounts payable portals.

Circle Appoints Mandeep Walia as Chief Compliance and Risk Officer

Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, announced the appointment of Mandeep Walia as Chief Compliance and Risk Officer.

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