Fintech Valley Vizag

Lang.ai Raises $10.5M Series A to Help CX Teams Turn Conversations Into Insights and Automation

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Thursday, May 12, 2022
Software, Technology, Other Technology, Data Management, CX, AI, BI, Foundry products operations (Cincinnati Milling Machine), Intercom, Solution, Zendesk, Automation, Customer, SMS, Data, Thought, Fintech Valley Vizag, Control center, Machine learning, CS, CEO, GTM, Google, Management, Satellite navigation device, Sales, Looker, Typeform

Through the applications of Langs technology, CX teams are able to scale more efficiently.

Key Points: 
  • Through the applications of Langs technology, CX teams are able to scale more efficiently.
  • By tagging each ticket, companies are enabled to extract more granular insights about their client interactions and more intelligently resolve their issues through easy-to-deploy automation rules.
  • Lang is pioneering an emerging category of companies that empower CX teams to generate actionable insights and uniquely take action on those insights automatically.
  • Self-Service Automation platforms ) and the backend players (Data warehouses and BI tools) to help clients drive value from data with a unified view.

Synctera Expands Partnership With Mastercard

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Thursday, May 12, 2022
Professional Services, Data Management, Security, Technology, Finance, Networks, Banking, Ecosystem, Digital, Friction, Partnership, Fraud, Mastercard, KYC, Financial technology, Fintech Valley Vizag, MVP, CEO, Bank, Synclera

Synctera , a leading FinTech banking provider helping innovators build their own FinTechs more efficiently, is expanding its partnership with Mastercard by integrating Mastercard s open banking platform (provided by Mastercards wholly owned subsidiary, Finicity ) to provide account verification solutions for Synctera-powered FinTechs.

Key Points: 
  • Synctera , a leading FinTech banking provider helping innovators build their own FinTechs more efficiently, is expanding its partnership with Mastercard by integrating Mastercard s open banking platform (provided by Mastercards wholly owned subsidiary, Finicity ) to provide account verification solutions for Synctera-powered FinTechs.
  • Mastercards initial activities with Synctera were seen in support of the Digital First Card Program to improve bank and FinTech onboarding and support.
  • With Mastercard integrated into the Synctera platform, consumers will be able to connect and fund their accounts from thousands of banks in minutes.
  • More information about the Synctera products that integrate with Mastercard can be found at synctera.com .

Alchemy announces their expansion into the Latin America Fintech Market

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Friday, May 6, 2022
Merchant, Breeding, COVID-19, Fintech Valley Vizag, Financial technology, Online shopping, Bank, Alchemy

IRVINE, Calif., May 6, 2022 /PRNewswire/ -- Latin America Fintech Landscape

Key Points: 
  • Another contributor to the shift in e-commerce in Latin America is the high rate of mobile phone usage in the continent.
  • In 2019, there were 343 million mobile internet users in Latin America with the number expected to increase to 424 million by 2025.
  • In the past, Latin America has been an extremely hard environment for FinTech's to thrive in due to the regulations and traditional banks controlling the market.
  • Over the past couple of years, Alchemy has geared up our entrance into the Latin America Fintech market by powering banks, financial institutions, and small businesses to help them quickly launch credit products.

Socure and ServiceNow Create Banking Experience of the Future

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Thursday, May 5, 2022
Software, Finance, Consulting, Banking, Data Management, Professional Services, Technology, Mobile, Wireless, Friction, Head, Trust, SoFi, Ecosystem, DraftKings, Bain Capital Ventures, Accel, AML, T. Rowe Price, Generation Z, Sorenson, Algorithm, Tiger Global Management, Element, Citibank, KYC, Health, Voyager, Â, Fraud, SSN, Organization, Internet, Acquisition, Synchrony, Industry, Compliance, Machine learning, ServiceNow, Government, Financial institution, DOB, Address, IP, ID, Solution, Frictionless market, ML, Scale Venture Partners, FB MSBS Grot, Fintech Valley Vizag, HIDTA, Risk, Intelligence, Cryptocurrency, Risk management, Audit, Chime

They can optimize the digital customer experience at application, account update, password reset, high-value transaction, and across the customer lifecycle.

Key Points: 
  • They can optimize the digital customer experience at application, account update, password reset, high-value transaction, and across the customer lifecycle.
  • ServiceNows pre-built integration with Socure enables financial institutions to easily embed Socure APIs into workflows developed with Financial Services Operations.
  • "Frictionless account onboarding and fraud prevention are mission critical for Socure, said Evan Rabinowitz, vice president of business development, Socure.
  • ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

How High Street Banks May Benefit from Incoming Buy Now, Pay Later Regulation

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Monday, May 2, 2022
Adult, Sheraton Grand London Park Lane Hotel, Swedish, CFPB, Newday, Growth, Fintech Valley Vizag, Revolut, Profile, Research, Ecosystem, Environment, Financial technology, Animal, Retail, Bank, Geno Auriemma, Klarna

Auriemma's latest findings show an increase in negative experiences using BNPL or instalment plans--from 5% in September 2020 to 9% in July 2021. While 9% remains the minority, it represents a large community when considering that 17 million UK consumers have used BNPL services as of November 2021.

Key Points: 
  • LONDON, May 2, 2022 /PRNewswire/ -- Incoming FCA regulation could add restrictions on how consumers can use Buy Now, Pay Later (BNPL) services, but these changes may be welcome.
  • "With a growing segment of consumers turning to BNPL options for borrowing, regulation may play a role in maintaining positive customer sentiments for the product."
  • "In the US, a market where over half of adults have used a Buy Now, Pay Later service, about one-third had a negative experience.
  • Many of the UK's High Street Banks and lenders already have products in market, such as NewDay with its NewPay product.

Fiserv Accelerates Open Finance and Enables Collaboration Among Financial Institutions and Fintechs with AppMarket Launch

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Tuesday, April 26, 2022
Professional Services, Technology, Finance, Software, Banking, Internet, Small business, NASDAQ, API, Sale, Financial technology, Fintech Valley Vizag, Adoption, Technology, Social media, Science and technology in Asia, SMB, Solution, FISV, S&P, Atlas, Business Intelligence Development Studio, StreetShares, Partnership, Risk, KYC, Bank, Cryptocurrency, Fiserv

The fintech solutions available in AppMarket will empower Fiserv financial institution clients to use open finance strategies to address emerging opportunities in crypto finance, gig economy banking, small and mid-size business (SMB) lending and other priorities.

Key Points: 
  • The fintech solutions available in AppMarket will empower Fiserv financial institution clients to use open finance strategies to address emerging opportunities in crypto finance, gig economy banking, small and mid-size business (SMB) lending and other priorities.
  • AppMarket will help financial institutions of all sizes to accelerate speed to market, deliver tailored services to target markets and appeal to younger generations.
  • The launch of AppMarket is the next big step in fostering innovative collaboration between financial institutions and fintechs, to their mutual benefit, and to the benefit of consumers everywhere.
  • Fintechs that offer their solutions in AppMarket will gain access to thousands of financial institutions that partner with Fiserv and the millions of consumers they serve.

World Retail Banking Report 2022: Incumbent Banks Must Embrace Data-Centric Capabilities to Drive Personalized Customer Experiences

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Thursday, April 21, 2022
Consulting, Data Management, Banking, Consumer Electronics, Technology, Professional Services, Networks, Internet, Mobile, Wireless, Hardware, Finance, CEO, Customer, Marketing, Software, Executive, CMOS, Research, Group, Banking as a service, Financial technology, WRBR, Data analysis, Technology, Insurance, Ecosystem, Environment, Artificial intelligence, Mobile backend as a service, Solution, Machine learning, AI, Multimedia, Industry, Global, Fintech Valley Vizag, Online shopping, Mobile phone, Sales, Renewable energy, EFMA, Capgemini

Retail banks are currently lagging in their ability to offer true omnichannel experiences, as customers pivot to competitors that offer more personalized experiences, according to the World Retail Banking Report 2022 (WRBR) published today by Capgemini and Efma .

Key Points: 
  • Retail banks are currently lagging in their ability to offer true omnichannel experiences, as customers pivot to competitors that offer more personalized experiences, according to the World Retail Banking Report 2022 (WRBR) published today by Capgemini and Efma .
  • However, traditional banks are struggling to deliver, with 70% of banking executives concerned they lack sufficient data analysis capabilities.
  • To keep pace with these rivals, retail banks will need to rethink their business models and focus on driving greater customer engagement.
  • With enhanced data governance models, banks can collect proprietary customer insights to improve the competitiveness of their digital marketing capabilities.

Envestnet Data and Analytics to Enter the Small to Medium-Sized Business Market

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Monday, April 18, 2022
Family, Super Mario, Envestnet, Goal, Artificial intelligence, Intelligence, Growth, Financial technology, RIAS, Technology, SMB, Solution, NYSE, Multimedia, Fintech Valley Vizag, Software as a service, Financial adviser

BERWYN, Pa., April 18, 2022 /PRNewswire/ -- Envestnet today announced plans to expand into the small to medium-sized business (SMB) market by introducing data and digital solutions that empower SMBsto intelligently connect, grow, protect, and manage thefinancial wellness of their business all in one place.

Key Points: 
  • BERWYN, Pa., April 18, 2022 /PRNewswire/ -- Envestnet today announced plans to expand into the small to medium-sized business (SMB) market by introducing data and digital solutions that empower SMBsto intelligently connect, grow, protect, and manage thefinancial wellness of their business all in one place.
  • This growth is part of Envestnet Data and Analytics' overall mission to drive financial wellness with data, artificial intelligence and an exceptional user experience, while also optimizing and broadening Envestnet's wealth capabilities and platform for advisors all of which help bring the Intelligent Financial Life to a new market.
  • "Entering the SMB space will bring data-powered solutions to a wide range of business owners who have seen their financial needs and goals change drastically over the last two years," said Farouk Ferchichi, Global Head of Envestnet Data and Analytics.
  • Envestnet refers to the family of operating subsidiaries of the public holding company, Envestnet, Inc. (NYSE: ENV).

Capgemini positioned as a Leader by Everest Group for Platforms IT Services in Banking and Financial Services

Retrieved on: 
Tuesday, April 12, 2022
Technology, Mobile, Wireless, Other Professional Services, Finance, Consulting, Banking, Professional Services, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Security, GTM, BFS, Workflow, Leadership, Software, Compliance, Group, Program, PEAK, 2011 New Year Honours (New Zealand), Technology, Financial services, AI, Partnership, Risk, Fintech Valley Vizag, View, Risk management, Capgemini

Capgemini announced today that it has been positioned as a Leader in the Everest Group PEAK Matrix for Platform IT Services in Banking and Financial Service Provider 2022 assessment.

Key Points: 
  • Capgemini announced today that it has been positioned as a Leader in the Everest Group PEAK Matrix for Platform IT Services in Banking and Financial Service Provider 2022 assessment.
  • Capgemini was recognized as a Leader by Everest Group for its key strengths, including its geographic footprint, especially in Europe and UK, and dedicated GTMs varying by segment, tier, and region.
  • Nilesh Vaidya, Global Head of Banking and Capital Markets Industry, Capgeminis Financial Services, said, We are proud to be recognized by Everest Group as a Leader in its 2022 PEAK Matrix Assessment for Platform IT Service Providers in Banking and Financial Services.
  • Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology.

DGAP-News: Varengold Bank Significantly Increases EBT and Net Income Again

Retrieved on: 
Tuesday, April 12, 2022
Federal Financial Supervisory Authority, Federal, EBT, Trade finance, Investment, Mobile backend as a service, Varengold Bank, Risk, Transaction banking, Growth, News, DGAP, Equity capital markets, Financial Oversight and Management Board for Puerto Rico, Commercial, Development, ISIN, Tax, Income, Fintech Valley Vizag, EUR, Eye, Frankfurt Stock Exchange, European, Security (finance), Bank

Hamburg, 11/04/2022 - Varengold Bank AG [ISIN: DE0005479307] continued its successful course in the first quarter of 2022 and significantly increased all key figures.

Key Points: 
  • Hamburg, 11/04/2022 - Varengold Bank AG [ISIN: DE0005479307] continued its successful course in the first quarter of 2022 and significantly increased all key figures.
  • Net income increased by 60% to EUR 15.7 million compared to the same period of the previous year (EUR 9.8 million).
  • In addition, Varengold Bank further expanded its existing customer business in the first quarter with a volume of around EUR 94 million.
  • The fact that Varengold Bank is keeping an eye on costs despite the strong growth in EBT and net income is shown by the administrative expenses.