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Streamline Complex Ownership Structures Effortlessly with Our KYC Portal
KYC Portal (KYCP) offers an automated solution to streamline ownership mapping for businesses navigating complex corporate structures, crucial for compliance with regulations like anti-money laundering (AML). The platform simplifies identifying Ultimate Beneficial Ownership (UBO) by allowing users to define ownership percentages and utilize pre-configured scripts for accurate calculations. This enhances validation accuracy, ensuring 100% ownership identification and reducing errors. KYCP also boosts efficiency in corporate onboarding while strengthening security measures. The Customer Outreach Tool further promotes transparency by enabling clients to confirm ownership details before application submission. Overall, KYCP simplifies compliance processes and enhances security in today’s business environment.
HiBob Acquires Mosaic: Transforming HR and Finance Integration for Mid-Market Enterprises
HiBob has acquired the cloud-based Financial Planning and Analysis platform, Mosaic, aiming to provide mid-market companies with an integrated solution that combines workforce productivity and financial planning. This acquisition enhances HiBob’s commitment to innovation, facilitating real-time insights, increased efficiency, and improved collaboration between HR and finance teams. CEO Ronni Zehavi emphasized a people-first approach, integrating Mosaic’s planning expertise to transform workforce management into a strategic asset. Mosaic’s CEO, Bijan Moallemi, noted that the partnership supports dynamic financial planning for leadership. HiBob, with over 4,400 global clients, plans to enhance product synergy while continuing support for existing Mosaic customers.
Stitch Bags $55M Investment to Expand Enterprise Payments and Acquiring Solutions Across Africa
South Africa-based FinTech company Stitch has raised $55 million in a Series B funding round led by QED Investors, with participation from Flourish Ventures, Norrsken22, Glynn Capital, and existing investors like Ribbit Capital and PayPal Ventures. This funding boosts Stitch’s total to $107 million since 2021 and aims to enhance its payments infrastructure for large enterprises. The company offers advanced payment solutions, including fraud prevention and customization, and plans to expand its in-person payment capabilities. Stitch serves notable clients like Takealot and MTN, and recently launched Express for e-commerce platforms.
Revolutionizing WealthTech: Allfunds Unveils Cutting-Edge AI Tool for Financial Advisors
Allfunds has launched Nextportfolio 4, a major upgrade enhancing its subscription services for wealth managers, advisors, and portfolio managers. This version leverages advanced AI technology to offer personalized, real-time insights, enabling swift adjustments to client strategies. Key features include an AI-Driven Analysis Module, Portfolio Health Engine, Intelligent Alerts, and a robust central hub to improve workflow and client engagement. Emphasizing operational efficiency, Nextportfolio 4 reduces manual tasks while supporting ESG investments. Developed with client feedback, it reflects Allfunds’ commitment to innovation in the evolving wealth management landscape, aiming to transform portfolio challenges into competitive advantages.