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Feedzai inked a partnership with Portuguese bank Novobanco this week. The risk management and fraud prevention company has agreed to protect the bank’s clients from financial crimes while not detracting from the customer experience. Specifically, Novobanco will leverage the Digital Trust (DT) and Transaction Fraud for Banking (TFB) solutions within Feedzai’s Risk-Ops, a platform that helps Read more…
Volt, an open payments gateway based in London, has raised $60 million in Series B funding. IVP led the round, which also featured participation from CommerzVentures, EQT Ventures, Augmentum Fintech, and Fuel Ventures. The investment comes as the company announced plans for an expansion into the Asia Pacific region and the Americas. The investment also Read more…
U.K.-based Icon Solutions announced a strategic partnership with data strategy, data engineering, and IT services and solutions provider Virtusa Corporation. The collaboration will bring Virtusa’s payments implementation expertise to Icon Solutions’ Icon Payments Framework (IPF). The goal of the partnership is to create an ecosystem in which banks and other financial institutions can achieve their Read more…
BlackRock announced a strategic investment in wealth management technology provider Avaloq this week. The amount of the investment was not disclosed, but BlackRock has taken a minority stake in the Switzerland-based company. “This partnership will help us empower our clients to streamline processes, enhance risk analytics, and make more informed portfolio decisions, ultimately delivering greater Read more…
Identity verification specialist Sumsub launched a new full-cycle identity verification solution this week. The new offering, according to company co-founder and CEO, Andrew Sever, is designed to address accelerating fraud threats. This includes what Sever indicated was “an alarming 70% of fraud activity” taking place after the KYC stage. Broadly speaking, the new platform is Read more…
A newly announced partnership combines identity risk management and advanced payment transfer technology to both streamline onboarding and give businesses new ways to send money to their customers. Faster payments infrastructure company Astra and identity risk management innovator Alloy shared news of their collaboration today. The two companies will work together to streamline the onboarding Read more…
Keytrade Bank, the first online bank in Belgium, has turned to Infosys Finacle to modernize its core banking system. Courtesy of the partnership, Keytrade Bank will swap out its legacy platform in favor of the Infosys Finacle suite. This will help the financial institution boost efficiency, accelerate time-to-market for products, and provide a superior experience Read more…
Both FIS and Bond Financial Technologies are being discreet about the news. But a growing number of sources – from TechCrunch to Twitter – are reporting that FIS has acquired the embedded finance company for an undisclosed sum. The news broke on June 1 via a tweet from Fintech Business Weekly’s Jason Mikula. TechCrunch confirmed Read more…
Africa-based payments technology company Flutterwave announced this week it has selected account-to-account (A2A) payment infrastructure provider Token.io to power A2A payments– also known as pay-by-bank capabilities– on its platform. The move is expected to simplify money transfers for Flutterwave’s African users in the U.K. and E.U. looking to send money back to their home country. Read more…
International payouts platform PayQuicker announced a trio of new fintech partnerships this week. The company has teamed up with Qolo, Fortress, and Citcon, who will take advantage of and enhance the functionality of PayQuicker’s Payouts OS platform. PayQuicker recently demoed the technology at FinovateFall. “No single bank or payment provider can solve for cross-border payments Read more…
IT solutions provider Mphasis and enterprise conversational AI platform company Kore.ai have forged a new strategic partnership. The alliance will enable Mphasis to offer new customer experience management and employee engagement solutions to its enterprise clients. “Conversational AI solutions are leading the way in which enterprise clients are interacting with their end customers,” Mphasis CEO Read more…
Digital ID verification (IDV) innovator OCR Labs Global will begin the second half of 2023 with a new identity of its own. The company, which introduced itself to Finovate audiences at our developer’s conference, FinDEVrSiliconValley 2016, announced its rebrand as IDVerse this week. In a statement, the firm noted that the new name and brand Read more…