Breaking News
Banfico Announces Expansion to Brazil with a New Subsidiary
Banfico announces the launch of its subsidiary in Brazil, Banfico Tecnologia Ltda in São Paulo. The creation of this new subsidiary closely follows the launch of Brazil’s Open Banking roadmap which started its implementation in February 2021.
Banfico was already operating in Brazil through a partnership with Câmara Interbancária de Pagamentos (CIP), the clearing house for the Brazilian Payments System. With this partnership with CIP, Banfico has been successfully delivering open banking into nine banks such as Citibank, JP Morgan, and Bank of America.
Kannan Rasappan, CEO, Banfico, commented: “Establishing a subsidiary in Brazil was the next logical step to leverage on our past achievements and know-how from the implementation of open banking in the UK and Europe to Latin America’s largest economy. This also shows our commitment to the open banking projects in other world regions that we are closely monitoring”.
People In This Post
Companies In This Post
- Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions Read more
- Mastercard Has Collaborated with Commercial International Bank (CIB) to Support Digital Payments Innovation Read more
- Abhi Collaborates with Alruqee Group to Offer Instant Salary Access Read more
- Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations Read more
- IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers Read more
Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions
InvestiFi, the award-winning digital investing solutions provider for financial institutions, has announced its partnership with Tucson Federal Credit Union (TFCU), embedding its InvestTech solutions into their existing online banking platform. With the new partnership, the credit union's members will have the ability to invest digitally in stocks and cryptocurrency directly from their checking accounts.
Abhi Collaborates with Alruqee Group to Offer Instant Salary Access
Abhi Saudi, powered by Alraedah Digital Solutions, has partnered with Alruqee Group, a diversified business group in Saudi Arabia, to introduce Earned Wage Access (EWA) for its employees.
Octane Closes $350 Million Forward-Flow Agreement with Nuveen
Octane® (Octane Lending, Inc.), the fintech company unlocking the power of financial products for retailers and consumers, announced today that it has executed a $350 million forward-flow agreement with Nuveen, the global investment leader managing $1.4 trillion in public and private assets for clients including TIAA, its parent company, and one of the world’s largest institutional investors. Guggenheim Securities, LLC acted as sole structuring advisor and arranger on the transaction.
Treasury Prime Launches Prime Cash For Nationwide Cash Deposits
Treasury Prime today announced the launch of Prime Cash (Powered by Green Dot Network®), a solution that enables fintechs to let customers deposit cash at more than 90,000 retail locations nationwide, including Walmart, CVS, Walgreens and 7-Eleven, without requiring a branch visit.
Pivot Raises $40 Million Series B to Replace Legacy Procurement Software with an Enterprise AI Operating System
Pivot, the AI operating system for procurement, today announced that it has raised $40 million in a Series B funding round, taking the total amount raised since the company’s founding in 2023 to $70 million. The oversubscribed round was led by Forestay Capital and Notion Capital, with participation from Greyhound and procurement industry veterans, including the former Global VP Sales at Ariba and the founder of EcoVadis, as well as existing investors including Hedosophia, Visionaries Club, and Emblem.
SimplyGo and EFGH Enter Strategic Partnership to Explore Embedded Micro-Insurance Services
SimplyGo Pte. Ltd., the exclusive system integrator and acquirer for Singapore’s public transport ticketing and payments ecosystem, and Embed Financial Group Holdings Pte Ltd (“EFGH”) have entered into a Strategic Partnership Agreement to explore the co-development of an embedded micro-insurance platform within the SimplyGo app.
Caseware Launches ‘Verity’ to Bring Workflow-Native AI Agents Directly Into Assurance Engagements
Caseware, the leading AI platform for assurance and financial reporting software, today announced the launch of Verity, a new AI frontier intelligence and orchestration layer that operates directly inside assurance and financial reporting engagements, alongside a suite of workflow-native AI agents designed to automate and accelerate work across the full engagement lifecycle.
Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions
InvestiFi, the award-winning digital investing solutions provider for financial institutions, has announced its partnership with Tucson Federal Credit Union (TFCU), embedding its InvestTech solutions into their existing online banking platform. With the new partnership, the credit union's members will have the ability to invest digitally in stocks and cryptocurrency directly from their checking accounts.
Mastercard Has Collaborated with Commercial International Bank (CIB) to Support Digital Payments Innovation
Mastercard and CIB, Egypt’s leading and largest private-sector bank, have renewed their partnership to support digital payments innovation and expand access to financial solutions in Egypt.
Abhi Collaborates with Alruqee Group to Offer Instant Salary Access
Abhi Saudi, powered by Alraedah Digital Solutions, has partnered with Alruqee Group, a diversified business group in Saudi Arabia, to introduce Earned Wage Access (EWA) for its employees.
Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations
Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced the expansion of its partnership with Driftwood Hospitality Management (“Driftwood”), a leading hotel management company, to deploy Flywire's hospitality solutions across nearly 90 U.S. hotel locations. Driftwood, an existing customer of Flywire’s solutions for payments, signatures and authorizations, is rolling out enhanced payments capabilities to further streamline guest transactions and back-office operations.
IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers
Indus Valley Partners (“IVP”), a premier global provider of software and technology solutions to the world’s most sophisticated investment managers, today announced a strategic analytics partnership with Sigma, a leader in AI applications and agentic analytics for business.
Deel Launches Stablecoin Salary Payouts and Appoints Head of Crypto to Lead New Dedicated Department
Deel, the global people platform trusted by 40,000+ businesses to hire, manage, and pay teams across 150+ countries, today launched stablecoin salary payouts powered by BVNK, and announced the formation of a dedicated crypto division, headed by Thierry Edde as Head of Crypto at Deel.
Octane Closes $350 Million Forward-Flow Agreement with Nuveen
Octane® (Octane Lending, Inc.), the fintech company unlocking the power of financial products for retailers and consumers, announced today that it has executed a $350 million forward-flow agreement with Nuveen, the global investment leader managing $1.4 trillion in public and private assets for clients including TIAA, its parent company, and one of the world’s largest institutional investors. Guggenheim Securities, LLC acted as sole structuring advisor and arranger on the transaction.