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WealthBlock, the AI-powered platform transforming how private fund managers raise capital and manage investors, today announced the appointment of William McNeil as Chief Revenue Officer and General Counsel. McNeil will lead the company’s revenue growth strategy while supporting its mission to help private funds, GPs, RIAs and family offices modernize their investor experience with AI-powered…
Qasemi Islamic Microfinance Bank (QIMB) and [www.terrapay.com]TerraPay, a global money movement company, today announced a strategic partnership at Money2020 Middle East. The partnership is to enable digital payouts in USD and SAR to all bank accounts and mobile wallets across South Yemen.Through a single integration with TerraPay, QIMB will receive international inbound payments from banks, and…
Compass Plus Technologies, a global provider of retail banking and payments software, today announced the launch of FraudAxis, its next-generation fraud management platform designed to help financial institutions detect, prevent, and predict fraud in real time across all payment channels. Built on modern, microservices-based architecture, FraudAxis is a hybrid solution thatcombines rule-based analysis with adaptive machine learning models,…
Marqeta’s sixth annual State of Payments Report shows widespread interest in smarter payment platforms to unlock small to medium-sized business (SMB) growth and meet growing consumer demands amidst ongoing economic pressures. The annual State of Payments report expanded this year to survey a total of 1,000 SMBs along with 3,000 consumers across the US and UK, finding…
Iris Finance, the AI-native financial planning and analysis (FP&A) platform purpose-built for companies that sell physical products, today announced that it has raised $6.2M in seed funding led by Glasswing Ventures, with participation from Founder Collective, Hyde Park Angels (HPA), as well as existing investors Revolution’s Rise of the Rest Seed Fund, Barrel Ventures, and…
A new survey of 200 anti-money laundering (AML) professionals at US mid-size and community banks reveals a growing gap between confidence and capability in the fight against financial crime. The research, conducted by Quantexa, a pioneer in Decision Intelligence for enterprises and public sector and a leading global provider of financial crime solutions for the global…
Ebury, the global fintech specialising in international payments and FX risk management, today announced the successful completion of its acquisition of ArcaPay, following regulatory approval from the Bank of Lithuania. The business will now operate under the name Ebury Partners Lithuania. Founded in 2011 and headquartered in Vilnius, Lithuania, ArcaPay has grown steadily over the past…
TreviPay, a fully managed B2B payments platform, has collaborated with Walmart Business to launch the next phase of the retailer’s Pay By Invoice program. The program enables eligible business customers to access a line of credit with 30-day net terms, powered by TreviPay’s next-generation payments and A/R automation technology. The offering is available for purchases online, in…
Newland Payment Technology (NPT), a global leader in the supply of high-performance digital payment terminals, today announced the launch of its S90 Android SmartPOS series. The new range – S90, S90 Pro, and S90 Ultra – delivers advanced performance and flexibility for merchants worldwide, with the Ultra version supporting 5G connectivity for markets where high-speed…
Today, PayNearMe, a leading fintech transforming the payment experience for non-commerce businesses and their customers, announced a $50 million Series E investment from AVP (Atlantic Vantage Point) through its Growth Fund I. The investment will accelerate PayNearMe’s expansion into new markets and fuel ongoing investment in products that simplify the end-to-end payment experience for its clients. “PayNearMe has redefined what…
Finastra, a global leader in financial services software, today announced the availability of new functionality within Fusion Invest to serve the specific needs of annuities carriers. Enhancements include the automation of dynamic hedging of annuity contracts, providing greater transparency and operational efficiency for both traders and risk management teams. Fusion Invest combines all aspects of portfolio management…
PXP, the omnichannel global payment platform, has launched Checkout Components, a new enterprise-grade solution that addresses one of ecommerce’s biggest challenges: customers abandoning their purchases at the final hurdle. The solution gives businesses complete control over how payments are presented, processed, and optimised across desktop and mobile platforms. Built specifically for medium to large businesses…
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