Aberdeen Standard Investments

PAYMENTS

Paymentology | December 07, 2021

In a move upending the hottest part of the fintech market, two of the world’s leading issuer processors – Paymentology and Tutuka – are merging to create a new payments and card processing powerhouse. Operating under the Paymentology name, the merger creates a new force in payment solutions; giving banks and fintechs the technology, team and experience to issue and process Mastercard, Visa and UnionPay cards, across 49 countries. The move brings to...

Wall Street | April 02, 2020

U.S. stock markets opened lower but quickly rebounded on Thursday after another record-breaking rise in initial jobless claims underlined the scale of the damage being wrought on the U.S. economy by the Covid-19 pandemic. Another 6.65 million people filed for unemployment benefits last week, over twice as many as the 3.3 million who claimed a week earlier (the number was revised up by 20,000). In all, 6% of the U.S. workforce have hit the jobless rolls in just two weeks. By 10:05 AM ET (1405 GMT...

FINTECH

Melio | September 15, 2021

Melio, a leading B2B payments platform for small businesses, today announced it has raised an additional $250 million, tripling the company's valuation to $4 billion since January 2021. The capital raised will accelerate the company's expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers. The Series D round, which comes as the company grew its monthly processing volum...

INVESTMENT MANAGEMENT

Clearwater Analytics, Transamerica | March 02, 2021

Clearwater Analytics announced today that it is going to invest in being a global SaaS solutions provider, and implement its cloud-based investment data management and reporting solution for Transamerica. Transamerica is known as a leading provider of investment solutions. Clearwater’s automated platform will help the financial services company manage accounting, reconciliation, investment data aggregation, and reporting. Implementing the Clearwater platform will be a part o...