Magna.

FINTECH

Mastercard | November 26, 2021

Mastercard (NYSE: MA) today announced it has acquired Arcus FI, an alum of the company’s Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. With offices in New York and Mexico City, Arcus helps to enable bill pay and cash-in, cash-out services for some of the biggest billers, retailers, fintechs and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. I...

PAYMENTS

Zact | November 25, 2020

Zact, a Silicon Valley-based Fintech company, announced the launch of its integrated Payments and Expense Management platform. Zact is an innovative answer for the vexing issue of managing corporate expenses and payments, that on the double aligns the necessities of the spending worker and the accounting departments. Based on the standard of "pay by the principles," strategy guardrails are authorized before the spend happens. The Zact platform traverses the whole stack in expense and p...

Business Wire | October 07, 2020

DataArt, a global technology consultancy that designs, develops and supports unique software solutions, today announced a new partnership with OpenFin, the leading operating system (OS) for the financial services. As a Certified Development Partner, DataArt will accelerate development on OpenFin OS to deliver highly interoperable and flexible applications for financial clients. DataArt’s agile software development expertise and OpenFin’s technology bring efficiency and modern custome...

Reuters | March 30, 2020

U.S. energy producers face the threat that banks will slash their credit as March’s crash in oil prices means the asset backing their main loan facility - crude reserves - is worth less than half of what it was a month ago. The oil price collapse has crushed U.S. energy companies, sending valuations spiralling and squeezing financing options, as they face a likely 20% drop in worldwide oil demand in coming quarters due to the coronavirus pandemic. U.S. crude prices have dropped to about $2...