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Sift Launches New API and Connectors to Create Single Source of Truth for Fintech Fraud Fighters

Retrieved on:

Wednesday, October 20, 2021

Yet, as fintech companies continue to scale, attract, and retain users, fraudsters have firmly set their sights on the industry.

Key Points:

Yet, as fintech companies continue to scale, attract, and retain users, fraudsters have firmly set their sights on the industry.
In fact, according to Sifts Q3 Digital Trust & Safety Index , fintech companies saw an 850% increase in account takeover (ATO) attacks between Q2 2020 and Q2 2021.
With Sifts advanced machine learning and streamlined API structure, fintech companies can quickly integrate into Sift and start protecting against all types of fraud and abuse, and reduce friction for customers.
Through our partnership with Sift, businesses can fight back against fraud without compromising on user experience, fraud protection, or compliance.

Remitly Announces New Partnership With Novi For The Pilot Of Its Digital Wallet

Retrieved on:

Tuesday, October 19, 2021

Banking, Professional Services, Finance, NASDAQ, Remittance, Novi, USDP, Developer, Partnership, Compliance, API, Online shopping

Remitly Global Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families, today announced a partnership with Novi, a next generation digital wallet.

Key Points:

Remitly Global Inc. (NASDAQ: RELY), a leading digital financial services provider for immigrants and their families, today announced a partnership with Novi, a next generation digital wallet.
To support its pilot launch, Novi is leveraging Remitlys custom-built global network to enable cash pickup in Guatemala.
With the launch of the pilot program, Novi is enabling customers to send and receive money using the Pax Dollar (USDP) stablecoin, securely and without fees.
Remitly is a leading digital financial services provider for immigrants and their families in over 135 countries around the world.

The Crypto Divide - What Do Small Businesses Really Want?

Retrieved on:

Wednesday, October 6, 2021

Despite growing consumer enthusiasm, aside from exploration in the crypto industry by larger enterprise-level merchants, little information is available showing the perspective of small businesses and their sentiment regarding cryptocurrency acceptance.

Key Points:

Despite growing consumer enthusiasm, aside from exploration in the crypto industry by larger enterprise-level merchants, little information is available showing the perspective of small businesses and their sentiment regarding cryptocurrency acceptance.
To examine their attitudes toward cryptocurrency, The Strawhecker Group (TSG) conducted a survey of nearly 600 small business owners in the U.S.
The complete findings, an overview of trends in merchant crypto acceptance, and profiles of popular crypto processors, can be found in the firm's new eReport The Crypto Divide .
However, TSG found that acceptance is gaining traction; 65% of small businesses who reported taking cryptocurrency just started accepting the payment method in the past two years.

Dermavant Showcases New Long-Term Data from Phase 3 PSOARING 3 Trial of Tapinarof in Patients with Plaque Psoriasis at the 30th EADV Virtual Congress

Retrieved on:

Thursday, September 30, 2021

Health, Clinical Trials, Research, Pharmaceutical, Science, Biotechnology, Linda, People, Food, Journal of the European Academy of Dermatology and Venereology, Week, Henry Ford, Efficiency, Dermatologic Clinics, Skin, Patient, NDA, Regulation of food and dietary supplements by the U.S. Food and Drug Administration, Therapy, Plaque, Depression, FDA, QD, PGA, Henry Ford Health System, Adult, Hypertension, Vitiligo, Drug discovery, LinkedIn, Diabetes, Twitter, Remittance, Roivant Sciences, Psoriasis, Ageing, Acne, New Drug Application, Risk, Atopic dermatitis, Tachyphylaxis, Research, Maintenance, Obesity, Inflammatory bowel disease, Safety, Quality of life, Doctor of Philosophy, Global Assessment of Functioning, Yale School of Medicine, Pharmaceutical industry, Dermavant’s Phase 3 Program for Tapinarof in Psoriasis, Psoriasis, Dermavant, DERMAVANT’S PHASE 3 PROGRAM FOR TAPINAROF IN PSORIASIS, PSORIASIS, DERMAVANT

The data were presented during a Late-Breaking Session at the 30th European Academy of Dermatology and Venereology (EADV) Virtual Congress.

Key Points:

The data were presented during a Late-Breaking Session at the 30th European Academy of Dermatology and Venereology (EADV) Virtual Congress.
Subjects who received tapinarof treatment during PSOARING 1 or 2 and completed PSOARING 3 received treatment for up to 52 weeks.
Greater than 90% of eligible patients who completed PSOARING 1 and PSOARING 2 enrolled in PSOARING 3.
The company has reported positive Phase 3 results for tapinarof cream in adult patients with plaque psoriasis, and has initiated a Phase 3 program in atopic dermatitis in patients aged 2 years and older.

Western Union Expands with Suhyup Bank in South Korea

Retrieved on:

Thursday, September 16, 2021

Banking, Other Professional Services, Professional Services, Finance, National Federation of Coffee Growers of Colombia, Fishery, Remittance, Insurance, Bank, FX, NYSE, Online shopping, Western Union, Suhyup Bank, WESTERN UNION, SUHYUP BANK

At Western Union, we are driven by collaborations that drive global connectivity and support our mission of moving money for better, said K. Premmananth, Head of Singapore, Indonesia and North Asia for Western Union.

Key Points:

At Western Union, we are driven by collaborations that drive global connectivity and support our mission of moving money for better, said K. Premmananth, Head of Singapore, Indonesia and North Asia for Western Union.
We look forward to a successful collaboration with Suhyup Bank, expanding access to money transfer services for customers in South Korea.
Suhyup Bank is a bank steeped in innovation and we always do our best to meet customers needs through a variety of financial products and services, said Jooeun Lee, Head of Global Banking Department, Suhyup Bank.
Suhyup Bank was separated from Suhyup on 1st Dec. 2016 as a specialized bank in Korea.

Leidos Awarded $65 Million IRS Systems Support Contract

Retrieved on:

Tuesday, September 14, 2021

RESTON, Va., Sept. 14, 2021 /PRNewswire/ -- Leidos (NYSE:LDOS), a FORTUNE500 science and technology leader, was recently awarded the Paper and Remittance Processing Support (PRPS) III prime contract by the Internal Revenue Service (IRS).

Key Points:

RESTON, Va., Sept. 14, 2021 /PRNewswire/ -- Leidos (NYSE:LDOS), a FORTUNE500 science and technology leader, was recently awarded the Paper and Remittance Processing Support (PRPS) III prime contract by the Internal Revenue Service (IRS).
Through this contract Leidos will support two IRS systems to streamline the processing of paper tax filings, information returns and remittances.
"We are proud to support the IRS while providing low-risk solutions to help secure taxpayer information," said Leidos Civil Group President Jim Moos.
"Through this contract Leidos will optimize these critical systems and support their journey to greater efficiencies for the American taxpayer.

Remitly Announces Launch of Initial Public Offering

Retrieved on:

Tuesday, September 14, 2021

Remitly Global, Inc. (Remitly), the mobile-first provider of remittances and financial services for immigrants, announced today that it plans to commence the roadshow for its proposed initial public offering of its common stock.

Key Points:

Remitly Global, Inc. (Remitly), the mobile-first provider of remittances and financial services for immigrants, announced today that it plans to commence the roadshow for its proposed initial public offering of its common stock.
The offering consists of 7,000,000 shares of common stock offered by Remitly and 5,162,777 shares of common stock to be sold by certain of Remitlys existing stockholders.
The initial public offering price is expected to be between $38.00 and $42.00 per share.
In addition to the shares sold in the public offering, Remitly announced that PayU Fintech Investments B.V., an existing stockholder, has agreed to purchase a number of shares of common stock with an aggregate purchase price of up to $25.0 million at a price equal to the initial public offering price.

Western Union Launches Digital Money Transfer Services with Cebuana Lhuillier in the Philippines

Retrieved on:

Monday, September 6, 2021

Finance, Banking, Professional Services, Mobile, Wireless, Technology, Cebuana Lhuillier, Companies, Economy, Jean Henri Lhuillier, Business, Remittance, Lhuillier, Bank, Western Union, Western Union, Cebuana Lhuillier, WESTERN UNION, CEBUANA LHUILLIER

This service expansion follows the recent launch of Western Union services enabling customers to send and receive money at over 2,500 Cebuana Lhuillier locations in the Philippines.

Key Points:

This service expansion follows the recent launch of Western Union services enabling customers to send and receive money at over 2,500 Cebuana Lhuillier locations in the Philippines.
Facilitating convenient access for customers is of utmost importance for Western Union, said Jeffrey Navarro, Head of Network, Philippines, Malaysia, Brunei & Indochina, Western Union.
Following the successful launch of Western Union services at our retail locations, we are now excited to roll out a digital solution for convenient money transfers in the Philippines, said Jean Henri Lhuillier, President, and CEO of Cebuana Lhuillier.
Lhuillier, Inc. (PJLI) is the proud parent company of Cebuana Lhuillier, the Philippines largest microfinancial services provider that offers pawning, remittance, micro insurance, bills payment, e-load, business-to-business solutions services, and micro savings and other banking services through their banking arm, the Cebuana Lhuillier Rural Bank.

KYODAI Remittance Launches B2B Cross-border Payments for Corporate Customers with Western Union

Retrieved on:

Monday, September 6, 2021

Banking, Professional Services, Finance, Finance, Companies, Money, Foreign exchange companies, Remittance, Western Union, Payment systems, Foreign exchange market, Credit cards, Transfast, Instarem, Western Union, KYODAI Remittance, WESTERN UNION, KYODAI REMITTANCE

The Western Union Company, a leader in cross-border, cross-currency money movement and payments, has announced that KYODAI Remittance will begin utilizing services from Western Union Business Solutions to fulfill business to business (B2B) cross-border payments for corporate customers.

Key Points:

The Western Union Company, a leader in cross-border, cross-currency money movement and payments, has announced that KYODAI Remittance will begin utilizing services from Western Union Business Solutions to fulfill business to business (B2B) cross-border payments for corporate customers.
This is the first time Western Union Business Solutions has formed a business alliance with a Japanese money transfer company for the purpose of B2B international payments.
We are excited to build on the strength of our relationship with KYODIA Remittance and support the institutions expansion into B2B cross border payments in Japan, said Haruhiko Ohashi, Head of Japan, Western Union Business Solutions.
The alliance between KYODAI Remittance and Western Union Business Solutions will benefit Unidos and its corporate customers by the increased coverage of countries supporting B2B remittances.

Global Cross-Border Payments and Remittance Services Markets to 2026 as Transaction Value is Expected to Grow from $37.15 Trillion in 2020 to $39.9 Trillion by 2026

Retrieved on:

Friday, September 3, 2021

Money, Articles, Economy, Remittance, Banking in India, Payment system, Lockbox, Blockchain, Payment processor, Unified Payments Interface, Payment and settlement systems in India

DUBLIN, Sept. 3, 2021 /PRNewswire/ -- The "Global Cross-Border Payments and Remittance Services Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Sept. 3, 2021 /PRNewswire/ -- The "Global Cross-Border Payments and Remittance Services Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
Global remittance and cross-border payments' transaction value is expected to grow from $37.15 trillion in 2020 to $39.9 trillion by 2026.
Global PaaS is expected to reach $25.5 billion by 2026 from $7.1 billion in 2020, expanding at a Compound Annual Growth Rate (CAGR) of 23.9%.
Moreover, the rapid growth of mobile penetration across the world can be attributed to the growth of digital adoption in cross-border payments and remittance services.