All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
HGR implements Sapiens’ data and analytics solution DataSuite
Through Sapiens DataSuite, HGR aims to advance the complex migration of its business and align processes with Sapiens CoreSuite for Life & Pensions, which supports end-to-end core operations and processes
BBVA, KKR enter strategic partnership to support climate action
BBVA will invest $200m in KKR’s Global Climate strategy to support the transition to a low-carbon economy, and the two will pursue new climate infrastructure-related investments
Visa to acquire payment protection technology firm Featurespace
The acquisition will combine Featurespace’s deep tech origins with Visa’s digital payments leadership, to help clients manage fraud in real-time and further protect the payments ecosystem using AI-powered solutions
Nexi Group gets €220m funding from EIB to enhance digital payment services
Nexi Group will leverage the funds to develop and manage projects aimed at upgrading digital payments infrastructure in Europe
Mastercard expands its AI solution to fight online payment fraud
The new AI enhancements to the CFR solution provide the receiving banks with the risk score within seconds, allowing the banks to detect when payment may be meant for an account used by fraudsters, also known as a mule account
KKR closes Ascendant Fund at $4.6bn to invest in mid-market companies
The fund, which was oversubscribed and closed at its hard cap, has invested in six companies to date, including Alchemer, 123Dentist, Industrial Physics, Potter Global Technologies, mdf commerce and Marmic Fire & Safety
Enfusion in talks with investment bankers to evaluate strategic options
The financial software company, with a market value of $1.1bn, has been in contact with investment banks in recent weeks after receiving interest from potential acquirers, including private equity firms
DataVerify partners Tavant to enable product integrations via FinConnect
Under the partnership, DataVerify will leverage Tavant’s FinConnect platform to make its DRIVE platform and other products accessible within a multitude of new loan origination systems
Wells Fargo expands API portfolio for commercial banking business
The expansion of Wells Fargo’s API portfolio will provide immediate access to real-time data that helps increase sales, improve liquidity, reduce credit risk, and reduce expenses, and also allows channelling of finance clients
Finastra, Prelim partner to boost retail and commercial account opening
The new partnership allows financial institutions to quickly and effectively onboard new accounts and services for both new and existing account holders, unlocking cost savings and an enhanced customer experience