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FinClusive and Velo Labs Announce Partnership to Streamline Cross-Border Payments with Financial Crimes Compliance
Today, FinClusive and Velo Labs are announcing a strategic partnership to make cross-border payments faster, cheaper, and more inclusive by leveraging blockchain technology with embedded financial crimes compliance (FCC) controls.
The partnership will open up new remittance corridors in 2022 by relying on the secure, compliance-embedded on- and off- ramp capabilities of FinClusive in the US and the unique solutions developed by Velo Labs to empower new financial institutions to bridge fiat and digital assets. This will enable an efficient gateway for payments via digital and fiat-based channels to support the international remittance and value-transfer needs of individuals and entities across the globe.
Velo Labs is recognized for its expertise in helping financial institutions integrate with blockchains to improve their international payments operations. Velo Labs does this by helping these entities create custom stablecoins backed by fiat and VELO tokens, allowing seamless interoperability with many other assets issued and/or transacted on the Stellar and Binance Smart Chain blockchains.
FinClusive has developed a comprehensive full-stack solution that embeds essential global anti-money laundering (AML) controls to ensure efficient and cost-effective know-your-customer and know-your-business (KYC/KYB) operations and client and transaction monitoring tools that apply to transactions, including virtual assets–with embedded blockchain/virtual asset-related analytics tools–and their intersection with fiat-banking payments rails.
“We recognize the rapid growth of virtual assets and decentralized networks to facilitate cross-border payments,” said Amit Sharma, CEO and Founder of FinClusive. “Our platform enables bank and nonbank financial services to comport with global standards for AML/FCC and provide a platform for innovative solutions like Velo to seamlessly interact with appropriate risk and compliance controls that connect into traditional banking. We are excited about our joint work!”
Mike Kennedy, CEO of Velo Labs states: “This partnership will bring better remittance services to the market by relying on the low-cost, speed, and scalability of the Stellar blockchain, as well as the growing liquidity and ecosystem of the Binance Smart Chain. Velo and FinClusive working together is another reinforcement of our mission to improve the lives of millions of underbanked and underserved individuals across the globe.”
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Platform Veteran Geoff Towers Joins Platform One Board
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Mastercard Advances Instant Cross-Border Payments with TIPS Cross-Currency Pilot
Mastercard today announced its participation in a Eurosystem-led pilot, conducted in collaboration with Danmarks Nationalbank and Sveriges Riksbank, on the TARGET Instant Payment Settlement (TIPS) platform, testing instant cross-currency payments (TIPS X-CCY). Participation in the pilot represents a key milestone in Mastercard’s strategy to build direct connectivity to payment infrastructures and demonstrates how instant cross‑border payments can be executed and settled instantly at infrastructure level.
PayAngel Expands Global Payout Capabilities Through Collaboration with Visa and Currencycloud
PayAngel (https://PayAngel.com), a cross-border payments platform built by migrants and shaped by a lived understanding of the migrant journey, today announced an expanded collaboration with Visa, a world leader in digital payments. Leveraging Currencycloud, a Visa Direct solution, PayAngel will strengthen its multicurrency account and international payout capabilities.
Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
Ryan, LLC (“Ryan”), a leading global tax services and software provider, today announced it has entered into a definitive agreement to acquire Svalner Atlas Advisors, a premier independent tax and transaction advisory firm headquartered in Stockholm, Sweden. The acquisition will expand Ryan’s presence across the Nordics and Benelux regions while enhancing the Firm’s ability to deliver integrated cross-border tax and advisory services throughout Europe.
Silverflow Accelerates Post-Series B Growth with New Amsterdam HQ and 20% Headcount Increase
Silverflow, the cloud-native payment processing company, is accelerating its post-Series B expansion after signing a major new US customer, increasing headcount by more than 20% and moving into a new Amsterdam headquarters to support growing global demand.
RECCo Appoints Raidiam and PayPoint to Deliver the Trust Framework for the Consumer Consent Solution
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Loqbox and Blackbullion Partner to Close the Credit Confidence Gap for 450,000+ UK Students
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Platform Veteran Geoff Towers Joins Platform One Board
Geoff Towers, the CEO of multiple platforms throughout his career, has joined the Platform One board as a non-executive director.
Mastercard Advances Instant Cross-Border Payments with TIPS Cross-Currency Pilot
Mastercard today announced its participation in a Eurosystem-led pilot, conducted in collaboration with Danmarks Nationalbank and Sveriges Riksbank, on the TARGET Instant Payment Settlement (TIPS) platform, testing instant cross-currency payments (TIPS X-CCY). Participation in the pilot represents a key milestone in Mastercard’s strategy to build direct connectivity to payment infrastructures and demonstrates how instant cross‑border payments can be executed and settled instantly at infrastructure level.
PayAngel Expands Global Payout Capabilities Through Collaboration with Visa and Currencycloud
PayAngel (https://PayAngel.com), a cross-border payments platform built by migrants and shaped by a lived understanding of the migrant journey, today announced an expanded collaboration with Visa, a world leader in digital payments. Leveraging Currencycloud, a Visa Direct solution, PayAngel will strengthen its multicurrency account and international payout capabilities.
Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
Ryan, LLC (“Ryan”), a leading global tax services and software provider, today announced it has entered into a definitive agreement to acquire Svalner Atlas Advisors, a premier independent tax and transaction advisory firm headquartered in Stockholm, Sweden. The acquisition will expand Ryan’s presence across the Nordics and Benelux regions while enhancing the Firm’s ability to deliver integrated cross-border tax and advisory services throughout Europe.
Silverflow Accelerates Post-Series B Growth with New Amsterdam HQ and 20% Headcount Increase
Silverflow, the cloud-native payment processing company, is accelerating its post-Series B expansion after signing a major new US customer, increasing headcount by more than 20% and moving into a new Amsterdam headquarters to support growing global demand.
EXCLUSIVE: “Payments Re-Engineered” – Nigel Thacker, Silverflow and Victor Padee, Aevi in ‘The Fintech Magazine’
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