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Signicat and Strise Join Forces to Revolutionize KYC and AML Processes
Signicat has partnered with Strise to create an integrated solution that combines Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, streamlining regulatory processes from onboarding to ongoing compliance. This collaboration merges Signicat’s digital identity verification capabilities with Strise’s AML expertise, replacing the need for multiple compliance tools. Key features include dynamic webforms, advanced authentication, and customizable workflows via Signicat’s Mint platform. The solution also offers automated onboarding, fraud prevention, and real-time AML monitoring, enhancing operational efficiency. Industry leaders emphasize that this partnership simplifies compliance, reduces manual tasks, and ensures adherence to regulations.
Trustly Teams Up with Spreedly to Boost Pay by Bank Adoption Across the US
Trustly, a leading provider of Pay by Bank solutions, has partnered with Spreedly, an Open Payments platform, to enhance payment efficiency and conversion rates for merchants globally. This collaboration will integrate Trustly’s services into Spreedly’s platform, streamlining transactions and improving authorization success rates. Key benefits include enhanced payment flexibility, actionable data insights, and improved security through proprietary bank connectors and a patented risk engine. Industry leaders from both companies emphasize the partnership’s potential to create a unified payments experience, meeting the increasing demand for efficient, data-driven payment solutions in the market.
Allra FinTech Secures $9.1M in Series B Funding to Revolutionize Early Payment Solutions
Allra FinTech, a key player in Korea’s FinTech sector, raised $9.1 million in its Series B funding round to enhance its early payment service, Allra. The funding was led by KB Kookmin Card, which invested $6.8 million, while Altara Ventures and Do Ventures contributed $2.3 million. Allra’s service addresses settlement delays for online marketplace sellers and has processed over $3 billion since launch. The funding will support team expansion, entry into retail markets, new postpaid services, and global expansion by 2025. CEO Kim Sang-soo emphasized the company’s commitment to providing reliable financial solutions for business owners.
DriveWealth Boosts 24-Hour Trading Capabilities Through Strategic OTC Markets Partnership
DriveWealth, a leading FinTech firm, is enhancing its overnight trading capabilities through a partnership with OTC Markets Group, set to launch in March. This new service will improve order routing by utilizing real-time pricing and liquidity data, facilitating the transition of unexecuted orders to traditional markets as the U.S. pre-market session opens. The collaboration aims to expand global access to NMS securities, particularly benefiting partners in Asia. DriveWealth’s CEO, Michael Blaugrund, emphasized the solution’s convenience for global investors. OTC Markets Group’s platform, MOON ATS, will provide scalability and redundancy, enabling continuous trading opportunities worldwide.
Bank of America Strengthens Global GPS Leadership with Strategic Appointments in Mexico and Hong Kong
Bank of America has strengthened its Global Payments Solutions (GPS) leadership with two key appointments in Asia Pacific and Latin America. Phil Carmalt will become Head of Asia Pacific GPS Product in Hong Kong, where he will oversee product management and strategy execution. With over 20 years of experience, he previously led Cash & Trade Product at DBS Hong Kong. Meanwhile, Gabriel Andrade has been appointed Managing Director and Head of GPS for Mexico, focusing on payment solutions and liquidity services from Mexico City. Andrade brings over 30 years of banking experience, including senior roles at Citibanamex.
Saint James Municipal Corporation Partners with Mastercard in Strategic MOU for Economic Development
The Saint James Municipal Corporation has partnered with Mastercard to enhance financial inclusion and promote digital transformation in Montego Bay through a Memorandum of Understanding. The collaboration focuses on two main areas: digitalizing small and medium-sized enterprises (SMEs) and boosting the tourism sector. Mastercard will provide SMEs with access to electronic payment systems, contactless devices, and financial literacy training. For tourism, the initiative will promote digital payment solutions in hotels, transportation, and attractions, creating a seamless financial landscape for residents and visitors. Leaders from both organizations emphasize the importance of empowering local businesses and fostering economic growth through digital innovation.