pintec-enables-china-mobile’s-subsidiary-aspire-holdings-with-intelligent-fintech-solutions

Pintec enables China Mobile’s subsidiary Aspire Holdings with intelligent fintech solutions

Pintec Technology Holdings Ltd. (“Pintec”; NASDAQ: PT), a leading independent fintech solutions provider, announced today that it has cooperated with China Mobile Communications Corp. (“CMCC”)’s subsidiary Aspire Holdings Ltd. to jointly develop advanced fintech solutions, leveraging Pintec’s big data analytics and AI technology capabilities.

Aspire Holdings Ltd is one of the earliest pioneers to launch mobile data services and has been actively facilitating CMCC in exploring and expanding businesses in the areas such as IT, ICT and the Internet. The company has been actively exploring big data and AI technologies in business applications in recent years.

Pintec has a wealth of experiences in cross-scenario fintech solutions and has supported various AI-enabled business applications to date. Pintec’s technological capabilities include big data product design, credit risk modeling, operation and risk management, as well as system development and implementation which perfectly suit Aspire’s needs and complement our leading ICT capabilities in this area, said Aspire.

Dr. Victor Huike Li, chief executive officer of Pintec, commented: “Pintec is one of the earliest fintechs to have built a long and prosperous cooperation with all of the major telcos in China – including China Mobile, China Telecom and China Unicom. We have accumulated in-depth experience in enabling our partners with end-to-end digital financial services, and are well positioned to enable Aspire with its transformation towards integrating financial services into its businesses and drive digital growth in the 5G era. By joining hands with Aspire, we also hope to explore more business opportunities to ride the wave of digital revolution.”

Pintec offers its partners a full suite of customized solutions by leveraging its scalable and reliable technology infrastructure such as big data analytics, artificial intelligence and process automation. The solutions and services provided range from digital retail lending, digital business lending, robotic process automation, to wealth management and insurance products.

SOURCE PINTEC

credorax-partners-with-hero-gaming-to-provide-smart-acquiring-services,-streamline-payment-process-for-european-users

Credorax Partners with Hero Gaming to Provide Smart Acquiring Services, Streamline Payment Process for European Users

 

Today, leading smart payments provider and merchant acquiring bank, Credorax, and leading Malta-based gaming company, Hero Gaming, announced a collaboration that will enable Hero Gaming to accept and process payments from players across Europe.

Credorax’s smart acquiring solution is designed to provide companies with an acquiring experience unlike any other. Hero Gaming will have access to Credorax’s tailor-made acquiring solution including value-added business services, approval rate optimization and analysis, and proactive 24/7 merchant account monitoring. This is in addition to the many other benefits Credorax offers, such as telecom-grade (99.999%) availability for processing payments, designed to maximize business growth and optimise operational processes.

“We are excited to offer our robust acquiring services to Hero Gaming,” said Alon Bigler, VP Business Development at Credorax. “Our high approval rates and unified solution will enable Hero Gaming to quickly and confidentially expand into new markets across Europe. We look forward to offering our personalized services to meet Hero Gaming’s diverse payment needs as they establish themselves as a leader in the European gaming industry.”

The online gaming market has experienced significant growth during a time when people are confined to their homes and casinos are closed. It is more important than ever to ensure that payment processing systems have high approval rates and won’t crash due to high volumes of players. Fintechs such as Credorax have the agility to step in and provide superior financial services and ensure high approval rates that inevitably lead to higher conversion rates.

“With their robust and scalable solution, Credorax was the obvious choice when looking for an acquirer,” said David Borg, Head of Payments at Hero Gaming. “We feel extremely confident in our payment processing as we take the next steps to expand in Europe, and it was important to find a partner that we can grow with. As the gaming industry continues to expand, we know that Credorax will support us when we choose to broaden our payment offerings and cater to new markets.”

contis-joins-forces-with-mastercard-as-principal-issuing-member-in-europe

Contis joins forces with Mastercard as principal issuing member in Europe

 

Leading European payments fintech Contis today announced its partnership with Mastercard as a principal issuing member. Through this partnership, Contis delivers a comprehensive end-to-end Banking-as-a-Service (BaaS) platform including direct access to both of the world’s leading global payments networks, accepted by millions of merchants worldwide.

The addition of Mastercard represents another step in Contis Group’s growth as a global issuer and card processor. Throughout 2020, Contis delivered against key milestones in its planned expansion, including securing full Brexit readiness by moving its entire EEA client-base to its European entity and migrating a million customers to new cloud-native data centres in London and Amsterdam. Contis has also added key functionality to the platform including open banking, international currency conversion, cardless cash delivery and request to pay capabilities which, when linked to its UK and SEPA payment accounts, delivers the most comprehensive end-to-end BaaS solution. With Mastercard’s significant presence across the EEA and collaborative approach to fintech, Contis will further embed itself into Europe’s critical financial infrastructure.

This new partnership will enable Contis to bring greater choice to the market and supplement the range of products and services offered in key commercial verticals including banking, fintech, insurance and corporate remittance.

Mastercard is the partner of choice for new and existing fintechs across Europe, enabling them to scale at speed. Mastercard’s overarching fintech platform – Mastercard Accelerate –  gives start-ups and emerging brands support and assistance for every stage of their growth and transformation, from market entry to global expansion. Mastercard Accelerate is comprised of four main programmes: Fintech ExpressStart PathEngage and Developers.

Peter Cox, Executive Chairman and Founder at Contis Group said: “Contis delivers Europe’s most comprehensive payments BaaS platform. We see this partnership with Mastercard as an important step on our journey to becoming a leading global issuer and processor. It will enable us to augment our offering for prospects and clients by bringing more choice to the market, as we deliver secure frictionless payments to businesses and individuals across Europe and beyond.”

Scott Abrahams, Senior Vice President. Business Development and Fintech commented: “At Mastercard we are proud of our track record with Fintechs across Europe, helping them to rise to the next level by sharing our considerable industry expertise, technology and global standards. We are delighted to be working with Contis to bring greater choice and value to consumers and businesses by delivering frictionless experiences and ongoing innovation.”

Platform integration work is starting immediately, with expected go-live on the Mastercard network by Q2 2021.

duedil-solves-ongoing-regulatory-compliance-and-risk-selection-by-adding-continuous-updates-to-kyb-solution

DueDil solves ongoing regulatory compliance and risk selection by adding Continuous Updates to KYB solution

 

London-based RegTech DueDil enhances its Know Your Business (KYB) platform with Continuous Updates product.

Regulatory compliance remains a fundamental challenge for banks, FinTechs and insurance companies, and with the regulatory landscape constantly evolving, it is becoming increasingly important for companies to stay on top of changes to their portfolios.

The uncertainty caused by the pandemic has impacted both SMEs and large enterprises. Many are suffering financially and undergoing major change as a result. For banks, FinTechs and insurance companies, having a real-time view of these changes is critical to continue to support these SMEs while remaining compliant on an ongoing basis.

Traditionally, banks and insurers would contact customers to ask them to provide accurate and updated information. This manual way of doing things is prone to human error, inaccuracies and missed changes as it is heavily reliant on clients providing the right information, at the right time. This legacy process is no longer fit-for-purpose.

DueDil’s new Continuous Updates product solves these challenges by providing the functionality for clients to get a complete view of all company changes on a daily basis. This means banks, FinTechs and insurance companies stay on top of changes to their book in real time, reduce their exposure to customer and regulatory risk as well as ensuring business development and client engagement opportunities are not missed.

Denis Dorval, COO at DueDil, commented:

“Established players are experiencing skyrocketing costs in keeping up with changes to their book of business. And challengers are caught up with elevating costs to maintain their books in check with their compliance and risk obligations after onboarding new clients. This release marks the formal launch of our Continuous Update capability. Clients will now be able to track changes to companies automatically and view in an instant potential risk in their portfolio. As a cloud-native KYB for Life platform, our customers can expect to see regular, continuous enrichment of this functionality as we progress.”

The DueDil Business Information Graph (B.I.G.)™ ingests billions of data points a day and surfaces more than 270 million connections between companies, directors and shareholders. The DueDil API provides a window into the B.I.G. at a single point in time, and the addition of Continuous Updates means clients can now learn about any changes to the B.I.G. within 24 hours.

envestnet-|-yodlee-appoints-jason-o’shaughnessy-as-head-of-international-sales

Envestnet | Yodlee Appoints Jason O’Shaughnessy as Head of International Sales

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and data analytics platform for digital financial services, announced today it has appointed Jason O’Shaughnessy as the Head of International Sales. O’Shaughnessy will be responsible for driving revenue growth in all international markets for Envestnet | Yodlee including EuropeAsia Pacific and AustraliaNew Zealand.

A key focus for O’Shaughnessy will be to continue the expansion of Envestnet | Yodlee’s open banking coverage and data enrichment across Europe and other key markets including Australia. This effort will help to extend Envestnet | Yodlee’s support for FinTechs to drive innovation and enable financial institutions to expand their global capabilities.

O’Shaughnessy worked at Envestnet | Yodlee from 2003 to 2017, as Senior Vice President for Europe, the Middle East and Africa, and Australia. O’Shaughnessy rejoins Envestnet | Yodlee after garnering experience in a startup capacity where he helped a number of FinTechs with their go-to-market and open banking strategies across aggregation, personal financial management and lending.

“We are thrilled to welcome Jason back to our team. His rich experience, industry relationships and exceptional vision and leadership will help drive Envestnet | Yodlee’s growth in these critical international markets,” said Stuart DePina, President of Envestnet. “Jason is key to expanding our open banking support and delivering solutions internationally, enabling financial institutions and FinTechs to provide the innovations necessary to help their customers achieve financial wellness.”

itiviti’s-linda-middleditch-wins-european-women-in-finance-award-for-excellence-in-fintech

Itiviti’s Linda Middleditch wins European Women in Finance Award for Excellence in FinTech

 

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that Linda Middleditch, Chief of Product Strategy and Engineering, has won the Markets Choice Awards – European Women in Finance Awards in the category for Excellence in FinTech.

Linda joined Itiviti in June 2019 after spending more than two decades of her career within the financial services industry, where she held senior leadership positions at UBS, Citi and Morgan Stanley. She worked with every asset class across the entire trade lifecycle, and held roles in trading, operations, technology and product management. Her move to the vendor side enabled her to review and rethink the trading technology and the way of working with the financial institutions.

Linda’s focus on enhancing cognitive diversity within the product strategy and engineering teams has greatly enriched Itiviti’s approach to building the trading platform and the team members whose professional backgrounds are anchored in areas similar to those of our clients.

The modular design technology delivers flexible solutions to meet clients’ evolving needs. The collaborative approach with clients allows the firm to support and accompany customers to overcome their trading-related challenges and align with their future growth.

“Cognitive diversity can be transformative for FinTechs,” says Linda. “At Itiviti, this is one important element in our overall approach to creating and enhancing our overall technology ecosystem. Other elements include our modular design approach, our strategic partnerships, and the way we engage with our clients.”

Another essential element is Itiviti’s strategic partnerships, which bring additional expertise into our technology ecosystem. For example, in January 2020, Itiviti announced a new partnership with Imandra, a technology company focused on cloud-scale automated reasoning. Imandra’s technology is improving the onboarding process for Itiviti clients to Itiviti’s Managed FIX global connectivity platform.

“We congratulate Linda on this award and celebrate this success with her,” says Rob Mackay, Chief Executive Officer of Itiviti. “Linda’s leadership is enabling Itiviti to engage in new and exciting ways of collaborating – in our teams, our technology, our strategic partner network, and with our customers – to drive innovation and transformation.”