Breaking News
EY announces alliance with MoneyLion to help banks accelerate their digital transformation and extend financial services
The EY organization today announces an alliance between MoneyLion Inc. (“MoneyLion”) (NYSE:ML), a leading enterprise and consumer FinTech company, and Ernst & Young LLP (EY US), to help drive innovation and growth within the banking sector.
The Alliance leverages MoneyLion’s embedded finance platform to help enhance the technological capabilities of traditional banking institutions. By doing so, the Alliance aims to simplify and streamline the transition into the digital realm, assist these institutions in overcoming the challenges of an increasingly fragmented financial landscape and help facilitate their ability to offer a wide range of financial services to consumers through an efficient, user-friendly digital platform.
With MoneyLion’s embedded marketplace infrastructure and technology, data insights and content solutions combined with EY US teams’ existing core-banking modernization offerings and Nexus for Banking Platform, the Alliance is designed to provide a comprehensive suite of FinTech solutions to help scale acquisition strategies and service models as well as foster organic growth and engagement within financial institutions’ customer base.
Nikhil Lele, Financial Services Consumer Banking Leader and EY-MoneyLion Alliance Leader, Ernst & Young LLP, says: “We are thrilled about the EY-MoneyLion Alliance’s potential to transform the banking and financial services industry. Our Alliance brings together deep experience of EY US in technology integration with cutting-edge solutions from MoneyLion, launching a new enterprise strategy for the industry. This will help empower smaller or more traditional banks to scale rapidly and profitably with integrated digital financial solutions.”
Dee Choubey, Founder and CEO of MoneyLion, says: “Our Alliance with EY US represents not only a stride in innovation but a continued commitment to transforming the banking and financial services industry. With the combined strength of MoneyLion’s technology and experience, we are setting a new standard for what banks and financial institutions can achieve and helping them change the way they engage with and cater to the evolving needs of today’s digital consumer. This marks the beginning of a more adaptive, responsive and customer-focused banking experience, where technology and human-centricity go hand-in-hand to create a seamless financial experience for every user.”
- How Freedom Holding Corp Turned Technology Foundations into a Scalable Fintech Ecosystem | Freedom Holding Corp | The Fintech Show #161 Read more
- ComplyAdvantage Fintea Chats: Fighting Financial Crime in an Age of Faster, Smarter Criminals Read more
- ING: Why “Autonomous AI” Is Misunderstood Read more
- Money Sent to Romance Scammers Jumps 37 Percent in a Year, as TSB Warns Public of Victims Trapped in Relationships Spanning Months Read more
- Sixfold Raises US$30 Million Series B to Build the AI Underwriter Read more
TNS Completes Acquisition of BT Radianz
Transaction Network Services (TNS) has completed its acquisition of BT’s Radianz business. The deal brings together two long-standing providers of financial markets connectivity and expands access, reach and service capability for institutions worldwide.
Teciem Launches With Significant Investment to Grow and Innovate Treasury and Capital Markets Software Solutions
Teciem launches today with a mission to grow and innovate across its proven portfolio of treasury and capital markets software solutions, putting customers’ evolving needs at the centre of everything it builds and delivers. The Apax Funds are committing to support the new company following the completion of the purchase of Finastra’s Treasury and Capital Markets division. The investment will allow Teciem to deepen its focus on product development while growing and nurturing expert talent across the business.
Yaspa Becomes Founding Member of UNLV’s AI Research Hub to Advance Responsible AI Adoption in the Gambling Industry
Yaspa, a leading fintech specializing in payments and identity solutions, today announces it has become a founding member of the newly launched AI Research Hub (AiR Hub) at the University of Nevada, Las Vegas (UNLV) International Gaming Institute (IGI). This collaboration underscores Yaspa’s commitment to integrating next-generation financial technology with academic research to foster a safer, more sustainable gambling environment.
Arcesium Acquires Limina to Deliver a Unified Front-to-Back Investment Platform
Arcesium, a leading global financial technology provider to the investment industry, today announces its acquisition of Stockholm-based portfolio and order management (P/OMS) systems provider, Limina, creating a full front-to-back operating platform tailored to the unique needs of asset managers, hedge funds and asset owners. Through the integration of Limina’s P/OMS with Arcesium’s middle- and back-office solutions, the combined offering will be designed to eliminate legacy fragmentation and connect siloed data, providing investment managers with the speed and insight they need to operate intelligently across asset classes and global markets.
Finastra Enhances Commercial Loan Origination with Cloud-Native LaserPro Evaluate
Finastra today announced the launch of LaserPro Evaluate, a modern, cloud-native solution designed to streamline commercial loan workflows
FICO and Tech Mahindra Partner to Accelerate AI-Driven Decisioning and Core Banking Transformation
FICO has entered a global partnership with Tech Mahindra to help BFSI organizations accelerate value creation through AI-powered decisioning and advanced analytics
Thunes Named a Leading Fintech in Singapore by Tech in Asia and Statista
Thunes, the Smart Superhighway to move money around the world, has been recognised in Tech in Asia and Statista’s first-ever Singapore’s first Top Fintech Companies list.
How Freedom Holding Corp Turned Technology Foundations into a Scalable Fintech Ecosystem | Freedom Holding Corp | The Fintech Show #161
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
ComplyAdvantage Fintea Chats: Fighting Financial Crime in an Age of Faster, Smarter Criminals
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
ING: Why “Autonomous AI” Is Misunderstood
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Money Sent to Romance Scammers Jumps 37 Percent in a Year, as TSB Warns Public of Victims Trapped in Relationships Spanning Months
TSB’s latest report into romance fraud shows that money sent to scammers jumped by 37 percent in a year
Sixfold Raises US$30 Million Series B to Build the AI Underwriter
Sixfold, the AI underwriting Insurtech trusted by global insurers, has raised US$30 million in Series B funding
Wonder Raises USD 12 Million Venture Debt from HSBC Innovation Banking to Drive Growth and Expansion
Wonder, a leading fintech and payments platform for merchants in Hong Kong and APAC, announced it has raised a USD 12 million venture debt from HSBC Innovation Banking in Hong Kong
PPRO Partners With Scalapay to Unlock Access to Millions of BNPL Users in Southern Europe
PPRO and Scalapay today announced a partnership to expand access to BNPL across key European markets.