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Revolutionizing Enterprise Risk Management: Moody’s Launches Innovative Maxsight Platform
Moody’s has launched Maxsight, an innovative risk management solution designed to help businesses navigate the complexities of third-party relationships, supply chains, and compliance amid growing global risks like financial crime and geopolitical instability. Maxsight enhances data quality and integration, featuring role-based user experiences, automated workflows, and executive-level reporting. It streamlines risk management while enabling organizations to identify new opportunities. Moody’s executives highlight Maxsight as a game-changer, providing essential insights for businesses to mitigate risks and make informed decisions. Overall, Maxsight empowers organizations to achieve strategic objectives in today’s complex risk landscape.
Paysafe and Fiserv Join Forces to Enhance Digital Wallet Solutions and Financial Access for Small Businesses
Paysafe has expanded its partnership with Fiserv to enhance financial tools for small and medium-sized businesses (SMBs). The collaboration focuses on improving capital access, enhancing fraud protection, and introducing a new digital wallet experience. Paysafe will integrate Fiserv’s Clover Capital to facilitate better funding for SMBs and utilize Data-as-a-Service tools to strengthen fraud protection. A new digital wallet within the Clover ecosystem will enable faster settlements and access to banking services, streamlining SMB operations. Both companies aim to empower SMBs in the digital economy, reflecting their commitment to innovative, growth-oriented solutions.
Panda Remit Partners with dLocal to Accelerate Cross-Border Remittances in Africa
dLocal has partnered with Panda Remit to enhance financial access in Africa by improving cross-border payments. This collaboration aims to address the inefficiencies in the current remittance infrastructure, which sees Sub-Saharan Africa with the highest global remittance costs, averaging 8.72% for a $200 transfer. By integrating with dLocal’s payment network, Panda Remit will reduce transaction costs, enhance payout speeds, and improve reliability, facilitating transfers through mobile wallets and bank services like M-Pesa and Airtel. Leaders from both companies emphasized the partnership’s potential to empower individuals and communities by providing efficient and affordable remittance solutions across the continent.
BreachRx Secures $15M Funding to Revolutionize Cybersecurity Incident Response
BreachRx, a San Francisco-based cybersecurity firm, has secured $15 million in Series A funding, led by Ballistic Ventures with contributions from other investors. This investment will enhance its intelligent incident response platform tailored for enterprises, allowing for expansion of its engineering and marketing teams. Key appointments include Kevin Mandia as a board member and journalist Nicole Perlroth as a board observer. BreachRx’s platform features dynamic playbooks, clear tasking, enhanced communication, and tools for compliance and resilience. With over 100 clients, including Fortune 500 companies, BreachRx aims to strengthen its position in the cybersecurity market.