Institution for Savings

FINTECH

IDT | January 21, 2022

IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications services, announced today that it has acquired a majority stake in Sochitel, a global hub and digital distribution platform for mobile top-up, electronic vouchers, and other value transfer services. Headquartered in London and Lagos, Sochitel has a deep footprint across Africa interconnecting Mobile Network Operators, banks, and financial service providers. Sochitel&rsqu...

FINTECH

Ocrolus | September 13, 2022

Ocrolus, the document and data analysis platform empowering lenders to make faster, more accurate lending decisions, today announced the launch of Ocrolus Detect, a comprehensive fraud detection solution for lenders. Detect provides high-quality, decision-ready data that can help lenders minimize risk and prevent losses. Lenders traditionally perform manual review of documents to inspect for file tampering, document manipulation, inconsistencies, and other suspicious activity. Thi...

CORE BANKING

Yolt Technology Services, Amazon Web Services | May 07, 2021

According to recent research from leading open banking provider Yolt Technology Services (YTS), more than half of business leaders in banking, retail, leasing, investment platforms, and PFMs are not using open banking technology due to data protection and privacy issues. In response, YTS announced today that it would be using Amazon Web Services (AWS) to provide the highest level of protection through its open banking services. YTS is able to quickly scale using AWS, which ...

CORE BANKING, FINTECH

Inswitch and Mastercard | September 30, 2022

Inswitch, a fintech technology company with focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC. Inswitch will start issuing cards as a Mastercard principal member in Mexico, with plans to expand quickly to key markets in LAC and other regions in the future. This collaboration will allow the company to extend it...