Toronto-based GreenCoinX has formed an Advisory Board to assist in the further development of GreenCoinX, the world’s first identifiable crypto currency. GreenCoinX identifies users and facilitates the collection of user defined optional taxes by worldwide governments.
Fintech Innovation LabLeading-edge mobility, data analytics and credit risk solutions were among the six technology innovations demonstrated for top financial services, venture capital and technology executives at the fourth annual FinTech Innovation Lab Demo Day in New York. The Lab is a 12-week mentoring program created by Accenture (ACN) and the Partnership Fund for New York City and supported by more than a dozen of the world’s leading financial institutions to promote financial services technology (“fintech”) innovation and high tech job growth in New York City. This year’s entrepreneurs were chosen by chief technology officers from 15 participating financial institutions. The companies included Enigma, Kasisto, LMRKTS, pymetrics, RevolutionCredit and Standard Treasury. The group has spent the last 12 weeks receiving high level mentoring, product and business development advice and exposure to senior financial industry, technology and venture capital executives. The 18 previous alumni companies have raised a total of more than $76 million in financing after participating in the program since 2010.
The Western Union Company announced a film partnership deal with 20th Century Fox for its animated feature RIO 2. Western Union saw the partnership with RIO 2 which has a roster of beloved characters, a stellar cast, a rich and vibrant soundtrack, and is a sequel to the original smash hit film, as an opportunity to create a unique partnership between two iconic brands centering on a common theme in a fresh and creative venue. The partnership expands consumer reach for both companies with a collaborative global marketing campaign. The collaborative global marketing campaign with 20th Century Fox includes TV advertising, print, point of sale, online, out-of-home, and social media, with a consumer scratch and win game in the US.
AnywhereCommerce added three recognized payments executives to bolster its international business activities. William Nichols, Nigel Bidmead, and Jimmy Quake have joined the company to drive sales initiatives and develop business across its growing global footprint. AnywhereCommerce has an established market presence in the North America, LAC, EMEA and APAC with its award-winning aCommerce series of mobile point of sale (mPOS) solutions. Driving international sales and marketing with a current focus on Latin American and the Caribbean is William Nichols, who was named executive vice president of international markets. Prior to joining AnywhereCommerce, Nichols held executive positions at First Data Corporation and VeriFone, where he was responsible for channel development and expansion, sales execution, product strategy development, and consulting services. Nigel Bidmead, who was named executive vice president, is responsible for business development and sales activities in the EMEA region. Bidmead comes to the company after several senior executive roles with industry giants First Data, VeriFone and ACI where he led large teams of personnel and drove important deals in the areas of electronic payments, cards, authorization and settlement systems, as well as software and telecommunications.Rounding out the expanded international management team is Jimmy Quake who has some 20 years of experience in the payments sector, and will serve as AnywhereCommerce’s senior vice president for the Asia-Pacific region, and will lead business development and market expansion efforts in that locale. Before joining AnywhereCommerce, Quake served as vice president for ViVoTech, and held a number of executive positions for VeriFone in Australia and Asia.
Signifyd fraud prevention raised $2 million in financing from Andreessen Horowitz, Data Collective, IA Ventures, QED Investors, Resolute.VC, Tekton Ventures and other angel investors. Signifyd was founded in 2011 by a team of risk experts from PayPal to address the complexity of payment validation. Between chargebacks, mistakenly declined orders, and countermeasure costs, the average e-commerce retailer loses 3.1% to fraud every year. Most large e-commerce merchants have teams of agents that arduously try to bridge the gap between the online identity a user presents and the real-life person he claims to be.
Citi agreed with Credit Suisse’s Asset Management division to provide a comprehensive suite of middle office, custody and hedge fund administration services to support a portion of its US-based Alternative Investments business. Citi will provide custody and back office support for Credit Suisse Asset Management’s proprietary hedge funds. Citi can assist managers in extending and enhancing their operational capabilities so they can refocus resources on core asset management functions. Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture.
IDEALINVENT has signed a distribution agreement with Financial Architects (FinArch), the market leading vendor for integrated Finance, Risk and Compliance software solutions. IDEALINVENT will sell and implement Financial Studio, the Finance, Risk and Compliance flagship solution from FinArch. Included in the non-exclusive agreement are the Nordics, Baltics, Poland, CIS and Russia. The complimentary solutions and knowledge of the financial market brought together by both companies provides an exciting value proposition to the market.
The average consumer will spend $7041 on holiday related purchases. Debt consolidation loans represent 51% of all loans on Prosper, and have shown consistent growth over the past 5 months. Peer-to-peer (P2P) lending can replace high credit card interest rates and constantly changing monthly payments with lower rates and fixed, predictable payment terms. Data shows that even as consumers were preparing to spend money on gifts for this year, more than 14.1 million of them were still paying off holiday-related spending from last year, up from 13.6 million in 20092. Interest rates on Prosper.com start at 6.59%4 APR for best borrowers. Fixed rates range from 6.59% to 35.84% APR.
Dialogue Communications international mobile messaging has appointed Nigel Coles as Senior Account Manager of its Mobile Billing division. Nigel comes in as Dialogue continues to strengthen its business operations and just weeks after the company announced its organisational restructure. He will play an integral role in driving the Mobile Billing solution forward and will be responsible for maintaining the existing client base by focusing on delivering high-quality performance Premium SMS and Mobile Payment services.
Kieron Abernethy has been appointed as SVP, Sales with PayX International global independent payments knowledge company. With this he will oversee customer growth as it assists the payments community to evolve through a period of unprecedented change. He joins PayX with valuable sales leadership experience in the payments industry with recent roles of Vice President Strategic Sales First Data International for their Financial Business, Managing Director (UK) at NCR Ltd, COO at Moneybox Plc and CEO at Cash4All Ltd. These customer centric roles delivered high growth within the payments marketplace and his prime focus has been working with financial customers to develop their future strategies.
Experian global information services launched a new version of its credit marketing pre-screening tool. Allowing financial services organizations to more easily identify consumers under financial stress and market only to those most likely to be accepted for their products and services, Delphi for Marketing draws on Experian’s extensive data assets and analytical expertise to assess the credit risk status of UK consumers and includes additional data indicating credit card behavioral data, used in line with credit data regulations.
YESpay International announced its “EMBOSS” payment gateway has reached a new operational record of 2 years of uninterrupted service providing 100% availability of credit and debit card authorization processing. Offered as a SaaS (Software as a Service) model, the key to the success of YESpay’s fully EMV Chip & PIN, PCI-DSS (Level 1) and PA-DSS certified EMBOSS payment service is its unique ‘Cloud A2 computing architecture’, which delivers its reliability, security and service quality. YESpay is utilizing the cloud computing revolution to impart a fully resilient and “ready for future” payment services to its customers helping them adapt and excel in the ever changing card payment market scenario.