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Finova Fuels Aldermore’s Digital Mortgage Revolution with Strategic Five-Year SaaS Partnership
Aldermore has enhanced its mortgage technology capabilities by expanding its partnership with cloud-based provider Finova. This collaboration, which began in 2016, has resulted in a formal five-year agreement to support Aldermore’s specialist lending products, including buy-to-let and residential mortgages. Aldermore will implement Finova Lending, a SaaS platform that improves mortgage origination with features like automated workflows and self-service capabilities for real-time adjustments. The platform’s modular architecture offers flexibility for integration with existing systems. Aldermore has also transitioned its operations to Finova’s secure cloud infrastructure on Microsoft Azure, enhancing data security and operational efficiency.
Visa Unveils Apple Pay in Egypt: Revolutionizing Digital Payments for a Cashless Future
Visa has partnered with Apple to launch Apple Pay for Visa cardholders in Egypt, responding to the growing demand for secure and contactless payment solutions. This collaboration emphasizes the shift towards a digital-first lifestyle in the country. Apple Pay allows users to make secure payments using their iPhone or Apple Watch by holding the device near payment terminals, with transactions protected by Face ID, Touch ID, or a passcode. Accepted at various locations, including grocery stores and restaurants, Apple Pay simplifies transactions while enabling Visa cardholders to retain their rewards. Visa’s Country Manager, Malak El Baba, highlighted this launch as a significant milestone in payment innovation.
BforeAI Raises $10M to Enhance Predictive Cyber Attack Intelligence Solutions
BforeAI has raised $10 million in its Series B funding round, led by Titanium Ventures, with participation from SYN Ventures, Karista, and Addendum Capital. This funding will enhance BforeAI’s predictive attack intelligence capabilities, particularly its PreCrime platform, which anticipates cyber threats and averts breaches on average 18 days in advance, boasting a mere 0.05% false positive rate. The company plans to use the capital to expand into sectors like utilities and healthcare, enhance its platform, and strengthen partnerships. CEO Luigi Lenguito expressed optimism about growth opportunities, while BforeAI was recently recognized as a 2024 Gartner® Cool Vendor™.
TrueLayer and BR-DGE Team Up to Transform Enterprise Payments with Innovative Pay by Bank Solutions
TrueLayer, a leader in open banking payments in Europe, has partnered with BR-DGE, a payment orchestration platform, to launch Pay by Bank capabilities for global enterprise businesses. This collaboration aims to meet the rising demand for open banking solutions and enhance payment options across various industries, including transport, travel, and online retail. TrueLayer’s technology combines real-time bank payments with financial data, ensuring secure and efficient transactions. Both companies emphasize the importance of this partnership in driving innovation and interoperability in the payments ecosystem, positioning them for future growth in the evolving landscape of open banking.
FutureVault Raises $3M to Revolutionize AI-Driven Digital Vault Technology
FutureVault, a leader in AI-powered digital vault solutions, has raised $3 million in equity financing, bringing its total funding to $31 million. This round included participation from founder G. Scott Paterson, CEO Daniel Kenny, and other investors. FutureVault offers innovative solutions for financial institutions by automating and centralizing essential documentation using advanced AI and large language models. Key features include seamless integrations, real-time data extraction, and the Client Life Management Vault™. The new funding will enhance AI capabilities, expand workflow automation, and strengthen their technology, transforming financial services and client engagement, according to Paterson.