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Capital Bank of Jordan has signed for Backbase’s digital channels platform, reports Martin Whybrow of Fintech Futures (Finovate’s sister publication). The Dutch supplier’s solution will cover both customer and employee digital channels across institutional and retail banking. A key stated aim is faster time-to-market for new products. Capital Bank has signed for the full product Read more…
Digital identity authentication provider Payfone closed a $24 million funding round today. Credit reporting agency TransUnion led the round, while existing investors Synchrony, MassMutual Ventures, and Wellington Management also contributed. The investment brings the New York-based company’s total funding to $117.6 million. TransUnion’s investment comes in conjunction with a strategic partnership between the two companies, Read more…
With all of the talk about the benefits of enabling technology such as AI and machine learning, it’s not a surprise to see global payments platform Flywire getting in on the action. The Massachusetts-based company recently announced that it is leveraging machine learning to improve its payments and receivables solution. Flywire’s recent machine learning updates allow the company to improve Read more…
B2B payment solutions provider Bento for Business inked a deal with Visa this week. The deal includes Visa as an additional payment card in the Bento for Business platform that aims to help small businesses manage their cash and employee expenses. The Visa card offering is being added to the company’s Mastercard prepaid commercial card Read more…
A new round of funding led by SBI Investment and Salesforce Ventures has driven identity verification specialist Onfido’s total capital to more than $100 million. “With this new funding, we can protect more businesses, in more countries – and in more ways – from the effects of fraud,” Onfido co-founder and CEO Husayn Kassai said. Read more…
The news that payment processing giant Worldpay is expanding to Australasia comes just days after the U.K.-based company announced its pending sale to FIS. Worldpay is making two major moves in the Australasia region. First, it opened two sales offices in Australia, enhancing the company’s market presence. Second, Worldpay launched into the New Zealand market, after having Read more…
A new strategic partnership between FICO and Equifax will help financial institutions better manage risk, marketing, and fraud. The two companies have introduced the Data Decisions Cloud: an end-to-end data and analytics suite that integrates Equifax Ignite, a data and analytics management solution, with FICO Cloud applications and Decision Management Suite, FICO’s digital decisioning platform. “Our Read more…
In a round led by Bloc Ventures, cloud computing scheduling and orchestration management platform YellowDog announced securing an additional $3.3 million (£2.5 million) in Series A funding. The investment brings the total raised for the company’s Series A to more than $5.5 million (the company raised $2.2 million – £1.7 million – in March of last Read more…
When the going gets good, the good go analytic. That’s one takeaway from the pivot – more than a year in the making – bond market analytics platform Overbond announced today. With the launch of its COBI-Matching solution, the company is reintroducing itself not just as a specialist in new bond issuance, but as a Read more…
ACI Worldwide is bringing text-to-pay technology to billers courtesy of a new partnership with Solutions by Text. ACI will integrate Solutions by Text’s Pay-by-Text software into its UP Bill Payments solution, enabling businesses to receive payments from customers via SMS. The new option will give customers new payment flexibility, make on-time payments more likely, and Read more…
As technology advances, are we having enough conversations about how we can ensure the benefits will remain inclusive of all? The experts weigh in.
What is it millennials want when it comes to managing their wealth? Robo-advisors? Human interaction? A medley of both?