Fintech Valley Vizag

TenureX leverages Google Cloud Platform to offer a new model of correspondent banking

Retrieved on: 
Monday, June 13, 2022
Cloud, Financial Stability Board, Ecosystem, GCP, FSB, Growth, Roadmap, Risk, G20, Finance, Compliance, Geography, Fintech Valley Vizag, Google Cloud Platform, Cryptocurrency, Bank

TEL-AVIV, Israel, June 13, 2022 /PRNewswire/ -- Although the correspondent banking model has existed in various forms for centuries, today it faces many challenges that mean it must evolve to remain relevant. The urgent need for change was underlined by the G20 in April 2020, when the Financial Stability Board (FSB) called for the public and private sectors to cooperate on innovation projects. As a result, in October 2021, the FSB issued the G20 Roadmap for Enhancing Cross-border Payments.

Key Points: 
  • Together they present serious obstacles to growth and financial inclusion together with correspondent banking being preserved forprivileged regions and customer types.
  • Smaller local banks, money service businesses, and regulated FinTechs are excluded from traditional correspondent banking because of a binary risk-based approach.
  • TenureX has collaborated with Google Cloudto develop a secure and trustedcloud service which shall eliminate the constraints of bilateral, relationship-based banking.
  • Built on Google Cloud Platform (GCP), TenureXpromises to completely unlock the legacy of operations of correspondent banking.

The German E-money-institute PayCenter is looking for new strategic partnerships - partner's interest shares are up for sale

Retrieved on: 
Monday, June 13, 2022
Federal Financial Supervisory Authority, Garmin, Debit Mastercard, Google Play, Wirecard, Hidden champions, App Store (iOS/iPadOS), Sale, Apple Pay, Growth, Mastercard, Fitbit, Fintech Valley Vizag, Federal, Financial technology, Google Pay, Bank, Management

Since being granted ane-money licence by BaFin in 2012, PayCenter has always stood among the shades of a sparkling Wirecard AG.

Key Points: 
  • Since being granted ane-money licence by BaFin in 2012, PayCenter has always stood among the shades of a sparkling Wirecard AG.
  • With its account and payment solutions PayCenter serves more than 50.000 private customers, as well as more than 8.000 business customers.
  • Dr. Peter Schnweitz, managing shareholder of PayCenter GmbH: "Our products are already firmly established on the market.
  • Now we are looking for strategic, long-term partners with whom we would like to take the company to the next level.

The German E-money-institute PayCenter is looking for new strategic partnerships - partner's interest shares are up for sale

Retrieved on: 
Monday, June 13, 2022
Federal Financial Supervisory Authority, Garmin, Debit Mastercard, Google Play, Wirecard, Hidden champions, App Store (iOS/iPadOS), Sale, Apple Pay, Growth, Mastercard, Fitbit, Fintech Valley Vizag, Federal, Financial technology, Google Pay, Bank, Management

Since being granted ane-money licence by BaFin in 2012, PayCenter has always stood among the shades of a sparkling Wirecard AG.

Key Points: 
  • Since being granted ane-money licence by BaFin in 2012, PayCenter has always stood among the shades of a sparkling Wirecard AG.
  • With its account and payment solutions PayCenter serves more than 50.000 private customers, as well as more than 8.000 business customers.
  • Dr. Peter Schnweitz, managing shareholder of PayCenter GmbH: "Our products are already firmly established on the market.
  • Now we are looking for strategic, long-term partners with whom we would like to take the company to the next level.

ComplyAdvantage Names Industry Veteran Mark Watson As Chief Technology Officer

Retrieved on: 
Thursday, June 9, 2022
Crypto, Goldman Sachs, Balderton Capital, ComplyAdvantage, WorldRemit, CTO, Science and technology in Asia, Ontario Teachers' Pension Plan, AI, CEO, Corruption, Multimedia, Machine learning, Sale, Cluj-Napoca, Risk, Technology, Finance, NICE Ltd., Fintech Valley Vizag, Engineering, Index Ventures, KYB, View, Cryptocurrency

LONDON, June 9, 2022 /PRNewswire/ -- ComplyAdvantage, a global data technology company transforming financial crime detection, today announced that Mark Watson has been named as the company's Chief Technology Officer and newest addition to the leadership team.   In his role, Mark will lead all engineering and technical innovation efforts including the expansion of the company's proprietary knowledge graph called ComplyData™ which contextualises insights across the company's award-winning Transaction Risk Management and KYB solution sets.

Key Points: 
  • LONDON, June 9, 2022 /PRNewswire/ -- ComplyAdvantage , a global data technology company transforming financial crime detection, today announced that Mark Watson has been named as the company's Chief Technology Officer and newest addition to the leadership team.
  • "It's awesome to have Mark join our executive team during such an exciting time for the company," said Charlie Delingpole, founder and CEO of ComplyAdvantage.
  • With over 26 years of technology management experience, Mark joins ComplyAdvantage from WorldRemit where he held the role of CTO since 2018.
  • At these companies and elsewhere, Mark led the vision, business planning and organisational structures needed to drive technology development at scale.

Envestnet Announces Business Line Transformation to Streamline and Accelerate the Growth of Its Financial Wellness Ecosystem

Retrieved on: 
Tuesday, June 7, 2022
Entrepreneurship, Research, Intelligence, Client portal, CEO, Partnership, Group, Stuart, Retirement, Solution, Growth, Busy line interrupt, Technology, Data management, NYSE, Fintech Valley Vizag, Family, RIAS, Financial technology, Management, Financial services, Financial adviser, Envestnet

BERWYN, Pa., June 7, 2022 /PRNewswire/ -- Envestnet announced today organizational changes to accelerate the growth of the Envestnet financial wellness ecosystem by streamlining its business into three business lines: Envestnet Solutions, Envestnet Data and Analytics, and Envestnet WealthTech. The new structure is designed to enable Envestnet to further help the wealth industry deliver an Intelligent Financial Life™ for its clients and marks the next chapter of growth for Envestnet.

Key Points: 
  • Envestnet Aligns Business Under Envestnet Solutions, Envestnet Data and Analytics, and Envestnet WealthTech
    BERWYN, Pa., June 7, 2022 /PRNewswire/ -- Envestnet announced today organizational changes to accelerate the growth of the Envestnet financial wellness ecosystem by streamlining its business into three business lines: Envestnet Solutions, Envestnet Data and Analytics, and Envestnet WealthTech.
  • The new structure is designed to enable Envestnet to further help the wealth industry deliver an Intelligent Financial Life for its clients and marks the next chapter of growth for Envestnet.
  • Dana D'Auria has been named Group President and Co-Chief Investment Officer, Envestnet Solutions; Farouk Ferchichi has been named Group President, Envestnet Data and Analytics; and Tony Leal has been named Group President, Envestnet WealthTech.
  • Envestnet Data and Analytics brings together the combined capabilities of Envestnet | Yodlee, Envestnet Analytics, Envestnet Abe.ai, and more, to serve as the foundation by which Envestnet creates and deploys personalized and actionable insights and intelligence for its business lines and segments.

Fortimize and Lucro Partner to Deliver End-to-End Digital Consulting for Banks & Credit Unions

Retrieved on: 
Wednesday, June 1, 2022
Cloud, Industry, Marketing, Fintech Valley Vizag, Salesforce, Credit union, Partnership, Technology, Fortim, Financial institution, NCino, MuleSoft

NEW YORK, June 1, 2022 /PRNewswire/ -- Fortimize, a Salesforce partner since 2012, and Lucro, a boutique nCino consulting firm, have entered into an exclusive strategic alliance to help Banks & Credit Unions accelerate their ability to meet the digital demands of their customers and members.

Key Points: 
  • NEW YORK, June 1, 2022 /PRNewswire/ -- Fortimize, a Salesforce partner since 2012, and Lucro, a boutique nCino consulting firm, have entered into an exclusive strategic alliance to help Banks & Credit Unions accelerate their ability to meet the digital demands of their customers and members.
  • "We believe many institutions under $20B in assets don't have partners they can trust to advise them or deliver on complex industry and technology issues.
  • Fortimize, a Salesforce consulting firm, partners with financial services clients to design, build, automate and enhance digital experiences for their customers and employees.
  • Lucro is a boutique consulting firm focused on helping Financial Institutions unlock the full potential of the nCino and Salesforce platform.

Split Payments Innovator Anyday Selects ComplyAdvantage For Award-Winning Customer Screening and Monitoring Solution

Retrieved on: 
Thursday, May 26, 2022
Crypto, Risk, API, Risk management, Cluj-Napoca, Multimedia, View, Solution, Financial technology, Customer, Corruption, Ontario Teachers' Pension Plan, Finance, Organization, Index Ventures, Machine learning, Goldman Sachs, ComplyAdvantage, Anyday, Balderton Capital, CEO, Fintech Valley Vizag, CRMS, Online shopping, Video game console, Cryptocurrency

LONDON, May 26, 2022 /PRNewswire/ -- ComplyAdvantage, a global data technology company transforming financial crime detection, today announced that Anyday, a Danish Fintech that offers fair and transparent installment payments, has selected the company's award-winning Customer Screening and Monitoring solution.

Key Points: 
  • LONDON, May 26, 2022 /PRNewswire/ -- ComplyAdvantage , a global data technology company transforming financial crime detection, today announced that Anyday , a Danish Fintech that offers fair and transparent installment payments, has selected the company's award-winning Customer Screening and Monitoring solution.
  • By selecting ComplyAdvantage, Anyday now has access to a world-class counter risk intelligence solution that's designed to help increase corporate margins by speeding up customer onboarding while using advanced automation to uncover hidden threats.
  • ComplyAdvantage's Customer Screening and Monitoring solution also provides Anyday withautomated data generation that continually refreshes entity profiles while simultaneously reducing the need for manual intervention so the Anyday compliance team can focus on the most urgent priorities.
  • "Meaningful customer onboarding and screening is about discovering, identifying and eliminating risks before there's any impact on business operations.

Personal Loans Emerge as Critical Financial Lifeline in Challenging Economy, J.D. Power Finds

Retrieved on: 
Wednesday, May 25, 2022
Banking, Professional Services, Finance, J.D. Power, Advertising, Multimedia, Woman, Insurance, Artificial intelligence, American Express, Consumer, Industry, Man, Life, Big data, Safety, Adoption, SM, Goldman Sachs, Intelligence, Growth, Fintech Valley Vizag, Bank, U.S. Bancorp

Power.

Key Points: 
  • Power.
  • Following are key findings of the 2022 study:
    Personal loans as lifelines for financially vulnerable: Nearly two in five (38%) of personal loan customers are classified as financially vulnerable.
  • Gateway to other financial products: Overall customer loyalty with personal loan products is high, with 61% of loan customers indicating that they are likely to use their lender again.
  • Power measures the financial health of any consumer as a metric combining their spending/savings ratio, creditworthiness and safety net items like insurance coverage.

Lendflow Launches Powerful Credit Decisioning Engine to Transform the Embedded Credit Space

Retrieved on: 
Tuesday, May 24, 2022
CEO, Risk, API, Industry, Science and technology in Asia, Super Mario, Credit, Software as a service, Atobe Yoshisuke, Growth, Rest, Vertical, Technology, Bank, Online shopping, Fintech Valley Vizag

AUSTIN, Texas, May 24, 2022 /PRNewswire-PRWeb/ --

Key Points: 
  • Lendflow , the market leader in embedded lending, today announced its new Credit Decisioning Engine that enables Fintechs and Vertical SaaS companies to easily build, embed and launch credit products such as credit cards, buy-now-pay-later, and small business loans, in days, rather than months.
  • "Our Credit Decisioning Engine represents the natural evolution of Lendflow's embedded platform," said CEO and Co-Founder Jon Fry.
  • Lendflow has quickly grown and evolved from a Funder marketplace to a robust and growing embedded credit decisioning platform to become the only holistic decisioning platform on the market."
  • Lendflow is a technology leader that provides embedded credit infrastructure for fintechs, lenders and software companies to build, embed and launch credit products.

AML RightSource Names Tracy Mortenson as Company President

Retrieved on: 
Monday, May 16, 2022
Wolters Kluwer, Risk management, AML, Thomson Reuters, Solution, Tracy, Culture, EDD, B2C, Compliance, Technology, CCH, Organization, Growth, KYC, Fintech Valley Vizag, Management

CLEVELAND, May 16, 2022 /PRNewswire-PRWeb/ -- AML RightSource, the leading provider of financial crime compliance and risk solutions, has named Tracy Mortenson, J.D., C.P.A., to the newly formed position of President. This position has been established to provide additional organizational leadership in support of rapid company growth.

Key Points: 
  • CLEVELAND, May 16, 2022 /PRNewswire-PRWeb/ -- AML RightSource , the leading provider of financial crime compliance and risk solutions,has named Tracy Mortenson, J.D., C.P.A., to the newly formed position of President.
  • Tracy will also foster the exceptional culture and outstanding customer service levels that are hallmarks of the AML RightSource brand.
  • Tracy will report to AML RightSource CEO, Frank Ewing, who will devote his focus to the strategic opportunities that lie ahead for the organization.
  • Tracy comes to AML RightSource from Thomson Reuters where she most recently served as vice president of mid-market tax and accounting.