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Capital Markets Fintech Investment Services News

Gemspring Capital Makes Strategic Investment in Cforia Software

Fintech News Desk
Gemspring Capital, a middle-market private equity firm, is pleased to announce its acquisition of Cforia Software, LLC (“Cforia”), a leading provider of order-to-cash (OTC) automation software. Read More: GlobalFintechSeries Interview with Michael Higgins, Chief Executive Officer at Velox Clearing Based in Westlake Village, CA, Cforia’s OTC automation software platform improves collections......
Tyfone Enters Reseller Agreement with Payrailz to Offer Payment Services to Community Financial Institutions
Fintech Mobile Banking News

Tyfone Enters Reseller Agreement with Payrailz to Offer Payment Services to Community Financial Institutions

Fintech News Desk
Payrailz, a digital payments company offering smarter, more engaging payment experiences to banks and credit unions, announced it has entered a reseller agreement with Tyfone, a leading provider of digital banking solutions. Read More: GlobalFintechSeries Interview with Christian Spaltenstein, Managing Director – Americas at AFEX .@tyfone enters reseller agreement with @payrailz......
Finastra names Hack to the Future winners
Artificial Intelligence Fintech News

Conpend TRADE AI app goes live on Finastra’s FusionFabric.cloud

Fintech News Desk
App optimizes trade finance operations, automating paper-based, manual processes for compliance and document checking Finastra announced a new app available on its FusionFabric.cloud open development platform, Conpend TRADE AI. The app builds on the functionality of Finastra’s Fusion Trade Innovation technology to significantly cut document and compliance checking time. Using optical character recognition......
Fintech News

Prime Consumers Under Increasing Financial Strain, According to Latest Reading From Consumer Sentiment Tracker

Fintech News Desk
A new study released today by Elevate’s Center for the New Middle Class (CNMC) reveals that prime consumers (those with credit scores of 700 and above) are exhibiting significant financial weakness due to the coronavirus pandemic while conditions for non-prime consumers, a population of approximately 150 million in the United States, seem......
Fintech Investment Services News

HSBC Launches ESG Portfolio Reporting Service

Fintech News Desk
HSBC today launched a reporting service that provides asset owners and managers with independent measurement of how focused their listed asset investments are on environmental, social and corporate governance (ESG) issues. Read More: GlobalFintechSeries Interview with Chuck Klein, Chief Executive Officer & Founder at IMM The new service will allow asset......
Capital Markets Fintech News

Wells Fargo Names Mike Santomassimo as New Chief Financial Officer

Fintech News Desk
Wells Fargo & Company (NYSE: WFC) announced today that Mike Santomassimo will join the company in fall 2020 as Chief Financial Officer. Santomassimo will report to CEO Charlie Scharf and serve on the company’s Operating Committee. He will succeed John Shrewsberry, who has announced plans to retire following a successful......
Banking Fintech Mobile Banking News

Western Union Expands with TrueMoney in the Philippines

Fintech News Desk
Western Union, a leader in cross-border, cross-currency money movement and payments, today announced a collaboration with TrueMoney, a leading financial services provider in the Philippines, enabling customers in the Philippines to receive money from their loved ones around the world. Customers will initially be able to receive money at select TrueMoney......
Fintech News

Diane P. Weidner Promoted to Vice President of American Financial Group, Inc.

Fintech News Desk
American Financial Group, Inc. (NYSE: AFG) is pleased to announce the promotion of Diane P. Weidner to Vice President. Read More: Bank Of The Future: How Banks And Fintechs Are This Decade’s Unlikely Duo Mrs. Weidner joined AFG in 1987 and has held positions of increasing responsibility across the company over......
Thought Machine Announces $125m Series B Funding Round – Driving Continued International and APAC Expansion
Banking Fintech Fintech Funding News

Thought Machine Announces $125m Series B Funding Round – Driving Continued International and APAC Expansion

Fintech News Desk
Thought Machine, the cloud native core banking technology firm, with its APAC headquarters in Singapore, marks its entrance into the Asia Pacific market by announcing the signing of an additional $42m in funding for its series B round. This round extension will close in early August and is led by......
Aegean Airlines Partners with ACI Worldwide to Maximize Revenue and Combat eCommerce Payments Fraud
Banking Business Fintech News

ACI Worldwide and Arvato Financial Solutions Partner to Combat eCommerce Fraud

Fintech News Desk
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced a strategic partnership with Arvato Financial Solutions to combat the rising levels of eCommerce fraud during the Covid-19 crisis. Read More: Thimble Launches Certificate Manager to Improve Oversight of Vendor Insurance Policies @ACI_Worldwide and Arvato Financial Solutions partner to......
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