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Cloud banking platform Mambu has made its first acquisition, acquiring French fintech Numeral to enhance its payment capabilities and expand its market reach. Numerals cloud-native platform will enable Mambu to offer end-to-end payment workflows, support multiple payment methods, and deliver real-time transaction capabilities to its clients.
Shift4 is acquiring gift card and loyalty solutions Givex for an undisclosed amount. The deal will expand Shift4’s client base by 130,000+ locations across 100+ countries. Payments processing technology company Shift4 announced plans to acquire gift card and loyalty solutions company Givex.
moneycorp, has acquired an Australian independent treasury advisory company called the Rochford Group for an undisclosed sum, according to reports. Rochford helps its clientsmanage how treasury risks affect their balance sheets, cash and profitability. In 2017 , moneycorp acquired Commonwealth FX.
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Lockchain.ai , the AI-powered blockchain risk management platform, has closed its Series A funding. The nearly $5million round will be used to fuel additional development, adding features that improve speed and efficiency for clientsmanaging cryptocurrency positions.
Chase Merchant Services, the global payment acceptance and merchant acquiring business division of JPMorgan Chase & Co., Previously, Strappa was clientmanagement and strategy Head for Institutional Clients Group at Citi Latin America.
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All this without having to invest time and resources in partnering with an acquiring bank or building an elaborate payment infrastructure. All this without having to invest time and resources in partnering with an acquiring bank or building an elaborate payment infrastructure. Q: What does an ACH payment facilitator do?
Legal practice management systems improve law firms’ workflows and functionality, so they manage more cases and serve clients better. As software and management systems have progressed in the modern age, time-consuming tasks like recurring payments and clientmanagement are streamlined through this process.
A PayFac is an intermediary between the merchant and the payment processors or acquiring banks. By adopting the PayFac model, a company becomes a mini acquirer, able to onboard clients, manage transactions, and assume a financial services provider’s associated risks and compliance responsibilities.
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The platform is built to address the unique needs of Canadian Muslims, offering transparency, innovation, and client-centric solutions in one place. As part of this strategic launch, Manzil Wealth has also acquired Canadian Islamic Wealth , a halal investment and financial services provider based in Winnipeg, Manitoba.
Wealth management technology provider eMoney Advisor, pictured here at FinovateFall, was acquired by Fidelity Investments in 2015 for $250 million. With 2017 right around the corner, what trends are likely to drive innovations in wealth management technology or Wealth Tech?
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