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Payments
Goldfinch | March 02, 2022
Goldfinch Partners LLC and The Baupost Group, LLC announce their milestone achievement by closing the Western Union Business Solutions (WUBS) acquisition for $910 million. WUBS will be renamed Convera as a new standalone B2B global payments company. In 2021, it registered beyond 20 percent revenue gain and payments volume of $170 billion. Patrick Gauthier will be serving as Convera’s CEO. About this news, Mr. Gauthier shared his words. He says, “At Convera, our purpose...
Core Banking, Fintech
Truist | September 19, 2022
Truist Financial Corporation, today announced the launch of Truist Assist in its mobile banking app and online banking platform for personal banking (retail and wealth) clients. This AI-enhanced virtual assistant is the bank's latest example of its T3, or technology-plus-touch-equals-trust strategy, which combines innovative technology with personalized human touch to heighten client satisfaction and trust. The digital assistant leverages natural-language processing (NLP) and ...
Financial Management
American Express | October 29, 2021
American Express®, the leading small business Card issuer in the U.S.3, today introduced its new Business Checking account designed for small and mid-sized (SME) businesses. This fully digital Business Checking account offers a secure, high-yield, and low fee digital banking experience with a competitive APY of 1.1% on balances up to $500,0002. The checking account connects with existing American Express Credit Cards and comes with a Business Debit Card, the first to be issued in the U.S. by...
Core Banking, Investment Management
Copper | December 28, 2022
Copper, the premier banking app that teaches teens and children about money and prepares them for future financial success, has expanded to include Copper Investing, a teen-centric Registered Investment Advisor (RIA). Copper Investing provides easy-to-use, automated portfolios for kids to learn about (and begin) creating wealth in a secure environment. Its goal is to give teens long-term financial power by offering them real-world learning experiences that would enable them to become better inve...
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Financial Management, Payments
Payments, Fintech
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