Diebold Nixdorf Receives $650 Million Capital Commitment

Financial services, software, and hardware provider Diebold Nixdorf secured a commitment of $650 million in capital this week. The loan is coming from two unidentified, institutional lenders and repayment is due in August 2022.

The Ohio-based company will use the loan to acquire remaining shares of Diebold Nixdorf, repay debt, and fund its DN Now operational improvement plan. The loan is expected to be completed within the coming days.

Bloomberg reported earlier this month that the company may be experiencing a “potential liquidity crisis” and that “Diebold is trying to negotiate easier terms with its lenders, the second change in four months, to allow for greater leverage in its debt covenants.”

Diebold Nixdorf demoed on the Finovate stage alongside Zenmonics at FinovateFall 2014, showcasing an in-lobby terminal. Founded in 1859, the company is partnered with almost all of the world’s top 100 banks and most of the top 25 global retailers. Diebold Nixdorf’s employees help bring solutions to more than 130 countries.

Finovate Alumni News

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  • Diebold Nixdorf Receives $650 Million Capital Commitment.
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Around the web

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  • Modo teams up with Etihad Airways to build loyalty solution for airline industry.
  • Vera welcomes Carlos Delatorre as CEO.
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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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Around the web

  • Seasons FCU selects online and mobile banking technology from Bankjoy.
  • Customer experience specialist Truphone partners with Verifone.
  • AlphaPoint taps Sri Manda as its new Chief Information Security Officer.
  • RegTech Supplier Performance Report ranks Trulioo’s GlobalGateway as top ID verification tool for third consecutive year.
  • Telenor pioneers Norwegian Open AI Lab.
  • WSJ features LendUp’s focus on subprime lending.
  • Diebold Nixdorf hires advisers to seek a sale.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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  • Algomi Picks Up Investment from Euroclear.

Around the web

  • YUKKA Lab selected to participate in the Swiss Kickstart Accelerator.
  • Finicity announces integration with SimpleNexus’ enterprise digital mortgage platform and mobile app.
  • Diebold Nixdorf teams up with Progress Systems to bring self-service cash withdraw and deposit services to credit unions in Ireland.
  • Lending Club appoints Ronnie Momen as Chief Lending Officer.
  • Kabbage appoints Scott Rosenberg as CFO.
  • BeSmartee integrates with Equifax to automate service options.
  • Crowdfund Insider: OurCrowd celebrates 5 years with $750 million raised, 160 companies & 21 exits.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Diebold Nixdorf Brings its Bank-Like Kiosk to Emirates NBD Customers

Diebold Nixdorf announced this week that it partnered with Emirates NBD to bring consumers in the United Arab Emirates access to its digital kiosk that offers a variety of banking services.

The bank has called the kiosk EasyHub, and the capabilities go far beyond a typical ATM. This kiosk allows customers to conduct many of the activities they would typically do in a brick-and-mortar bank, all outside of bank operating hours. Users interact with a video teller and follow written instructions on the screen to sign up for new products and services, apply for and receive a new debit card, update their personal details, request a checkbook, authenticate statements, and even apply for a personal loan.

Diebold Nixdorf’s Vynamic Connection Points, a multi-vendor software allowing for customized applications, is powering the EasyHub kiosk. The device comes with a debit card dispenser, biometric signature pad, document scanner, statement printer, ID reader, cash recycler and coin dispenser, and an NFC reader for contactless transactions.

In a blog post, Abdulla Qassem Emirates NBD group chief operating officer cited EasyHub’s customer-first approach, increased flexibility, and superior service among the benefits of teaming up with Diebold Nixdorf.

Diebold Nixdorf appeared on the Finovate stage alongside Zenmonics at FinovateFall 2014 to showcase an in-lobby terminal. Founded in 1859, the company is partnered with almost all of the world’s top 100 banks and most of the top 25 global retailers. Diebold Nixdorf is headquartered in Ohio and has 23,000 employees across the globe.

Finovate Alumni News

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  • Personetics Accommodates Digital-Only and Challenger Banks.
  • Diebold Nixdorf Brings its Bank-Like Kiosk to Emirates NBD Customers.
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  • Switch Speeds Virtual Card Adoption with CardSavr API.

Around the web

  • aixigo wins top honors in the Outstanding Front-End Digital Solutions Provider (Vendor) category of the Private Banking Conference & Awards in Germany for its wealth management platform.
  • Trunomi announces partnership with blockchain-based digital ID solution, Shyft.
  • Mambu and Form3 team up to launch cloud-based payments processing service.
  • Fiserv collaborates with Rippleshot to provide early breach detection solution, Card Risk Office Fraud Warning.
  • Mitek adds identity document verification and biometric facial recognition technology to its platform courtesy of a new agreement with Experian.
  • Earnix introduces AcceleRate-it with Direct Deploy technology.
  • Trulioo wins Startup Canada’s Global Entrepreneurship Award.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Global: Fintech News from Around the World

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global: Fintech News from Around the World is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Africa

  • Lidya Scores $6.9 Million in Series A Investment.
  • Kenya finance ministry publishes draft of initial regulations its digital lending industry.
  • Fintech Futures profiles Cameroon-based crypto wallet and exchange app, Interstellar.

LATAM

  • Argentine lending platform Moni raises $3 million in funding.
  • Brazil’s central bank launches new fintech sandbox, Laboratório de Inovações Financeiras e Technológicas (LIFT).
  • MarkitSERV extends network of derivatives clearinghouses to include Mexico’s Asigna.

CEE

  • Czech Republic’s Worldcore announces completion of its cryptocurrency exchange.
  • Is fintech an “opportunity or threat” to emerging Europe?
  • Czech utility conmpany, Pražská Plynárenská, to accept payments in bitcoin.

Asia

  • Ant Financial inks deal with Shanghai Pudong Development Bank, its third deal with an established Chinese bank in a week.
  • Malaysian fintech Jirnexu raises $11 million in Series B led by Japan’s SBI Group.
  • Philippine government points to northern Philippines as a future blockchain, cryptocurrency, and fintech hub.

MENA

  • Emirates NBD teams up with Diebold Nixdorf to introduce digital kiosk, Emirates NBD EasyHub.
  • ADGM and KPMG Lower Gulf announce FinTech Abu Dhabi Innovation Challenge.
  • Emirates NBD introduces its NBD Accelerator Auto Loans program.

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Finovate Alumni News

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  • Equifax Adds Entersekt’s Transakt Technology to Better Secure Online and Mobile Services.
  • AutoGravity Announces Partnership with U.S. Bank.

Around the web

  • Diebold Nixdorf appoints Gerrard Schmid as new CEO.
  • Worldpay launches DataEdge for Financial Institutions.
  • DCU selects Digital Onboarding to simplify the new account activation process.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • SumUp Partners with BancoEstado to Boost Mobile Card Acceptance in Chile.

Around the web

  • New software and cash recycling technology from Diebold Nixdorf to support an upgrade of 400 ATMs by Turkey’s VakifBank.
  • ACI Worldwide teams up with Zelle to bring real-time payments to FIs.
  • BNP Paribas to deploy Fenergo’s Client Lifecycle Management (CLM) solution.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

 

Finovate Alumni News

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  • Symbiont Wins Distributed Ledger Technology Award for a Second Year in a Row.

Around the web

  • FinTech Insider News interviews Revolut founder and CEO Nikolay Storonsky.
  • Diebold Nixdorf SVP of Software Alan Kerr talks omnichannel ecommerce with PYMNTS.com.
  • Betterment’s Nick Holeman discusses spotting bull markets on CNBC.
  • CardFlight to power mobile POS offering from Beyond.
  • Quotatis Pro highlights Xero in its list of top apps to help you run your business.
  • Neustar joins Visa ID Intelligence as a digital identity partner.
  • PayNearMe teams up with New York City Department of Finance to enable parking ticket fines at more than 100 area 7-Elevens.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.