June 7, 2022

https://ift.tt/HE13IDB From Manheim Consulting today: Wholesale Used-Vehicle Prices Increase in May Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.7% in May from April. The Manheim Used Vehicle Value Index rose to 222.7, which was up 9.7% from a year ago. The non-adjusted price change in May was an increase of […]

https://ift.tt/fBaEs1b Source: KX KX, a worldwide leader in real-time streaming analytics, announced today that the Montréal Exchange (MX), a recognized self-regulatory organization, has implemented its multi-asset trade surveillance solution to combat market abuse and enable further global growth. MX, Canada’s derivatives exchange and a wholly-owned subsidiary of TMX Group, leverages KX Surveillance and its robust

https://ift.tt/lsPvjwo Source: FIS FIS (NYSE: FIS) announced today that Societe Generale has signed an extended agreement, selecting the financial technology leader for the strategic transformation of its derivatives clearing and settlement technology. As part of the agreement, the investment bank and financial services group will transition their existing derivatives clearing and settlement IT environment to

https://ift.tt/uXsF2Iv This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. The year is 2024, and you have just deplaned your flight in Rome. It seems like a great time to call an electric air taxi to come

https://ift.tt/AQj6ykw ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software, today announced ACI Smart Engage, a unique mobile engagement platform that enables merchants worldwide to serve up their inventory of goods and services directly to consumers’ smartphones using location, voice and image recognition technology, taking shopping-on-the-go to a new level. With ACI

https://ift.tt/ZcUkjwq Trulioo, the leading global identity verification company, today announced the release of a major product update to GlobalGateway, the company’s award-winning platform, that includes innovations in Anti-Money Laundering (AML) watchlist and proof of address offerings, and upgraded Know Your Business (KYB) verification capabilities. Organizations are facing increased regulatory pressure to ensure they’re monitoring new

https://ift.tt/xuQWLHG While many investors grapple with signs of a potential global bear market, one sector continues to attract waves of capital, talent, and attention: the decarbon economy. Energy Impact Partners (EIP) is helping set that pace. Having just closed over $1 billion for its flagship fund 6 months ago, plus a new Frontier Fund more

https://ift.tt/5Xv9Gpo From the Department of Commerce reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $87.1 billion in April, down $20.6 billion from $107.7 billion in March, revised. April exports were $252.6 billion, $8.5 billion more than March exports. April imports were $339.7

https://ift.tt/gDbJap5 Average gas prices in the U.S. are surging toward a record $5 per gallon. Getty Images The most expensive gasoline in the United States can be found at the Chevron station in Mendocino, California, where a gallon of regular unleaded will set you back $9.46, and it would cost $289 to fill up your

https://ift.tt/SrGzLHm NEWPORT BEACH, CA., OCTOBER 1, 2014: PIMCO offices in Newport Beach where bond king Bill Gross used … [+] to work. Gross is now located in another tower(far right) down the street October 1, 2014. (^^^ / Los Angeles Times via Getty Images ). (Photo by Mark Boster/Los Angeles Times via Getty Images) Los

https://ift.tt/8NnxytQ Source: FXall FXall and Tradeweb Markets have announced that they will collaborate to develop hedging workflow solutions to allow emerging market products to be traded more efficiently. The two platforms will collaborate to develop enhanced solutions that link trading workflows in emerging markets bonds and emerging markets currency swaps. Incorporating user feedback, this collaboration

https://ift.tt/R2ENSWq Source: Deutsche Bank Deutsche Bank has announced that it will establish its next Technology Centre in Berlin, Germany. The centre will primarily support the ambitions of our Investment Bank and Corporate Bank through application development and the integration of new technologies. The Technology Centre will be led by Gerrit Einhoff, Chief Information Officer for

https://ift.tt/yNgfivW Ahead of this year’s Money 20/20 Europe, Finextra asked Sreelekha Sankar, CTO, PagoNxt Merchant Solutions, to respond to key questions tied to the event’s panel titled ‘How verticalisation can become a competitive advantage.’ How does verticalisation help businesses handle payments across a variety of industries? At PagoNxt Merchant Solutions, we have expertise in different

https://ift.tt/AmaFuvL The relatively new generation of entrepreneurs has probably only known the “easy money” era, a time that has also made investors more competitive, less meticulous in their decision-making processes, and more rushed to close deals. All this for a piece of the action of the last decade or so. All for a promise that

https://ift.tt/Yrh1oqs Ahead of this year’s Money 20/20 Europe, Finextra asked Sreelekha Sankar, CTO, PagoNxt Merchant Solutions, to respond to key questions tied to the event’s panel titled ‘How verticalisation can become a competitive advantage.’ How does verticalisation help businesses handle payments across a variety of industries? At PagoNxt Merchant Solutions, we have expertise in different

https://ift.tt/Qrp36GT I’ve been asked many times to share my take on the latest status of Rakuten Coin, an altcoin that I wrote about in How Blockchain Can Crack The Holy Grail Of Loyalty Programs four years ago. That is not strictly true. I’ve been asked only once, by a certain @droskill on Twitter. The Rakuten coin

https://ift.tt/UlrhKZH Source: Banking Circle The German-Austrian Bluecode and the Swiss TWINT are the first mobile payment systems to become interoperable with one another. Interoperability of said two systems is based on the specifications of EMPSA (European Mobile Payments System Association). TWINT and Bluecode interoperability has already been running since January 2022 on a friends-and-family basis.

https://ift.tt/PVwx89Q Source: Checkout.com Today, Checkout.com unveils its stablecoin settlement solution, leveraging Fireblocks’ new crypto payment technology. This offers merchants the flexibility of 24/7 settlement including weekends and holidays — increasing access to cashflow and significantly reducing operational complexity. Checkout.com is the first PSP to have access to Fireblocks’ crypto payouts technology. With this access, Checkout.com

https://ift.tt/NMVAKlm Source: Yolt Yolt, Europe’s leading independent and data-driven open banking provider, announces today a partnership with Creditsafe, the multinational business intelligence provider. Creditsafe, the global experts in credit data and risk intelligence, are the world’s most used provider of online business credit reports covering 161 countries and more than 365 million business. The partnership

https://ift.tt/b3eV8Pw Source: Digiseq Wearable tech pioneer DIGISEQ has today announced it has secured an undisclosed investment from Rtekk, a portfolio company of Investcorp, a leading global alternative investment firm, to accelerate DIGISEQ’s rapid expansions plans as demand for its ground-breaking mobile provisioning and personalisation service (RCOS™) surges amongst bank issuers, payment schemes and sports venues

https://ift.tt/9GiJKeP Source: Mambu Allica Bank, the fintech challenger bank for established SMEs in the UK, today announced their successful go-live on leading cloud banking platform, Mambu. The platform supports Allica in bringing bespoke lending products, tailored to the needs of small and medium-sized businesses and reintroduces tech-savvy relationship managers to enhance customer experience. Despite representing

https://ift.tt/xBeuY2r Source: Ecommpay ECOMMPAY, a leading international payment service provider and direct bank card acquirer with its own fintech ecosystem for business growth, has appointed Francisco Mainez as its Head of Financial Crimes and Payments Digital Transformation. The appointment comes as ECOMMPAY strengthens its capabilities in combating financial crime through automated and streamlined processes, following

https://ift.tt/BsLnltg Source: Klasha Klasha, a San Francisco and Lagos-based technology company transforming cross-border African commerce, announces an additional $2.1 million fundraise – to complete its $4.5 million seed round. The funding round included Amex Ventures – its first investment in an African-focused startup. Klasha’s funding round also included Global Ventures, a leading MEA-focused venture capital

https://ift.tt/P2AR35L Source: Finerio Connect Finerio Connect, a Mexican fintech, together with Ozone API and Visa announce their collaboration to support financial institutions in Latin America & the Caribbean to navigate open banking. Collectively, the three companies will offer an end-to-end set of tools and capabilities enabling rapid implementations – according to market readiness and compliance

https://ift.tt/o5Vt6E3 Source: Comma Comma, a London based fintech business has announced an integration with Silicon Valley Bank UK Branch to help businesses within the innovation economy access the best of Open Banking by making payroll and invoice payments more efficient. A collaborative approachUntil now, banks and fintechs have usually worked in silo, developing their product

https://ift.tt/tLHlNZD Source: BlueSnap BlueSnap, the Payment Orchestration Platform that helps businesses accept and optimize payments around the world, has today announced key leadership appointments to further growth across Europe. It has appointed Avril Mannion as Chairperson of the Board, Brian Gaynor as Executive Director and CEO, and James McGivern as Executive Director and CFO. These

https://ift.tt/8x17gVL The Investing and Saving Alliance (Tisa), is to commence a live pilot of its interoperable digit ID programme for financial services in the Summer, having onboarded new participants Lloyds, NatWest and Onfido. The objective of Tisa’s programme is to create a digital identity scheme that allows consumers to set up and reuse an identity

https://ift.tt/kD1vzZq Jannick Malling and Leif AbrahamPUBLIC.COM Reported by Jonathan Ponciano and Hank Tucker Looming interest rate hikes, Russia’s war on Ukraine and spiking inflation have wreaked havoc on the stock market this year, but these four investing fintechs have picked up millions of customers and billions of dollars in assets despite the turmoil. The explosive

https://ift.tt/0Gc6fAO Rick Song and Charles YehPERSONA Reported by Hank Tucker and Kevin Dowd The prospect of a bear market may have retail investors frowning at their 401(k)s, but some of the firms powering Wall Street’s big banks and retail brokerage firms thrive when volatility and trading volumes climb. Five companies with a growing behind-the-scenes presence

https://ift.tt/7Kawnoz Bucking the trend for lay-offs in the fintech sector, Banking-as-a-Service provider Contis has revealed plans to increase its headcount by more than 33% over the next six months, with the Yorkshire headquartered firm intending to recruit 123 additional roles across the UK, Lithuania and India. Acquired by Berlin-based Solarisbank in July last year, Contis

https://ift.tt/EL0q5jp Adam Gable Product Director, Financial Crime, Treasury & Risk, Temenos, speaks at TCF 2022 in London about Financial Crime Mitigation & Sanctions. We discuss the current geopolitical crisis and the burden on banks looking to protect themselves, their customers, and the financial system, whether challenger banks have the necessary capabilities & experience needed to

https://ift.tt/XiMDrHm Source: Payhawk Payhawk, the all in one finance system that helps businesses spend effortlessly, has today announced the second iteration of its enterprise suite, Enterprise Suite 2.0. New features include Subscription Tracking, Mileage Tracking, Oracle NetSuite API Integration, Reimbursements, Multilingual Portal and automatic Supplier IBAN checks. Payhawk’s expanded Enterprise Suite works to both streamline

https://ift.tt/sV2dhOv Source: ARTH Micro MSME Fintech ARTH has secured $2.5 Million in funding led by most experienced institutions DEG – Deutsche Entwicklungs- und Investitionsgesellschaft / subsidiary of KfW, MIT Alumni and top notch impact-driven US & Canadian angel investors. This takes the total funding raised by ARTH to $3.5 Million with the initial personal investment

https://ift.tt/mwUFief Source: MFS Africa In a rare acquisition of a US tech company by an African tech company, MFS Africa, Africa’s largest digital payments network, today announces that it has reached an agreement to buy Global Technology Partners (GTP). Based in Tulsa, Oklahoma, GTP is the number one processor for prepaid cards in Africa, with

https://ift.tt/oasN4yW Source: Datia Datia, a fintech company on a mission to simplify investors’ transition to sustainable finance, has announced that it has raised $3.4M in a Seed funding round led by pan-European venture capital firm Nauta Capital, with participation from Accel Starter Ramzi Rizk, Zenloop’s founder Paul Schwarzenholz, Söderberg & Partners and Sting. Datia’s platform

https://ift.tt/edq8Llj Source: TrueLayer TrueLayer, Europe’s leading open banking platform, today announces its collaboration with CMC Markets, one of the world’s leading online financial trading businesses. CMC Markets offers an award-winning, online and mobile trading platform, where clients can trade thousands of financial instruments across forex, indices, commodities, shares and treasuries through contracts for difference (CFDs).

https://ift.tt/CNZe2Hd Source: Ximedes imedes, a European software firm active in the field of fin- and faretech with offices across the continent (Haarlem, Hamburg, Stockholm and Novi Sad) announces its acquisition of Ginger, the leading Amsterdam-based payment platform provider. Ximedes, established in 1998, builds bespoke software, focusing on Open Banking and Open Public Transport systems. In

https://ift.tt/srmbe18 Source: Ziglu ClearBank, the cloud-based clearing bank, today announced that it is providing agency banking services to UK-based money app Ziglu. ClearBank’s technological infrastructure, regulated payment rails and treasury management service have bolstered Ziglu’s banking and investment offerings, enabling Ziglu to offer virtual GBP accounts to its customers. ClearBank powers Ziglu’s real-time processing and

https://ift.tt/wLOlAeD Source: Marqeta Marqeta (NASDAQ: MQ), the global modern card issuing platform, has teamed up with Western Union, global leader in cross-border, cross-currency money movement and payments, to integrate its solution into Western Union’s next generation real-time multi-currency digital wallet and digital banking platform in Europe. Marqeta’s modern card issuing platform will allow Western Union’s

https://ift.tt/8SDwGKg Investment manager Abrdn has pulled out of a deal to acquire the digital wealth management arm of fintech Nucoro and has instead agreed to an undisclosed investment in the wealthtech. The deal to acquire Nucoro’s Exo Investing platform was agreed in August last yer and expected to close in Q4. Abrdn, previously Standard Life

https://ift.tt/aVd2iSf 20 years ago, one bank was enough for our parents to manage money transactions, from savings to insurance. The situation changed dramatically when there emerged more financial companies and competition for clients began. Suppliers offer to switch banks enticing people with favorable savings rates, gift cards, or bonus systems. The leader is the one

https://ift.tt/1f8RYPS Source: Railsbank World-leading embedded finance experiences platform, Railsbank, has changed its name to Railsr, and launched a rewards offering, signifying that it is ready to create and deliver the next evolution in the consumer financial experience. Railsr is the first global turnkey platform that goes beyond fintech to enable any brand or company, for

https://ift.tt/8vL1BoO UK alternative finance provider Liberis has formed a deal with Barclaycard to offer revenue-based financing to the acquirer’s small business customers. Operating under the name Barclaycard Business Cash Advance, the product offers fixed cost financing with flexible repayment terms. Cash Advance is an alternative finance product where Liberis advances a sum of money to

https://ift.tt/QGj34Vq Revolut is using payment initiation services (PIS) technology from open banking player Tink to let users across Europe seamlessly move money into their account. Tink’s PIS technology enables users to connect to the bank account they want to move money from, and instantaneously authorise and complete the payment without leaving the Revolut app. Daniel

https://ift.tt/koJaVw0 UK core banking vendor Thought Machine has launched a cloud-native cards and payments processing platform. Launching with card processing on the Mastercard network, Vault Payments has been built from scratch, promising a platform that is scalable, highly configurable, and that can operate in real time. All payment flows coming into and out of Vault

https://ift.tt/koJaVw0 UK core banking vendor Thought Machine has launched a cloud-native cards and payments processing platform. Launching with card processing on the Mastercard network, Vault Payments has been built from scratch, promising a platform that is scalable, highly configurable, and that can operate in real time. All payment flows coming into and out of Vault

https://ift.tt/1cxumUO Dr Matthaeus Sielecki, Cash Management, Structuring, Americas, Deutsche Bank, speaks about entering the customer-centric era encouraged by digital transformation across the payments and banking landscape. We hear about the drivers behind this change, the needs of marketplaces, their buyers and sellers, and what makes financial services on digital marketplaces so complex. Financial Services