INVESTMENT MANAGEMENT

Fintainium And Aspire Fund Management Announce Intent To Launch Joint Venture

Fintainium | October 23, 2021

Fintainium And Aspire Fund Management Announce Intent To Launch Joint Venture
Fintainium Inc, announced today the intent to launch a Joint Venture with Aspire Fund Management, a Trinidad & Tobago based Private Equity and Financial Advisory company that bridges the gap between investors and next-generation innovative, transformative businesses. The joint venture will redefine Fintech in a large part of the region.

Fintainium's Chief Executive Officer, Richard Jackman remarked, "For the last several years we have been working closely with Aspire. It has been the vision of both companies to build to this point; we have both wanted to create a joint venture that would disrupt some large markets and create value for all involved."

Fintainium, an SME workflow automation supply chain finance and fintech payments company, facilitates the relationship between financial institutions, businesses, and other technology companies by combining world-class domestic and international money movement products with workflow, accounting, and reconciliation automation. As a result, Fintainium enhances back-office operations for institutions and streamlines working capital management for end-users.

Kerwyn Valley, Aspire's Managing Director, remarked, "We are excited about the possibilities that a joint venture between our two companies can create. The combination of Fintainium's technology and the brand name of Aspire Fund Management will create a powerful growth vehicle for CARICOM and LATAM. Our region has been seeking solutions like these to make doing business easier, lower the working capital costs and automate repetitive processes. Our solutions and technology will facilitate trade finance and other SME-focused lending opportunities."

The new joint venture, when formed, will also bring North American expertise working with banks and credit unions to the region. Fintainium has been working with banks and credit unions in the United States and Canada for the past three years. As a result, some of the exciting features have been developed with the deep expertise curated by working with financial institutions.

There is a great unmet need in this region to automate back-end processes, centralize data and create an easy to use, streamlined solution to underwrite and fund loans with a very low back office burden. Working capital Is critical to any business's success, but the SME market has specific needs due to their size. This joint venture, when formed, is going to enable companies to operate better than they ever have before and free them up to execute on their core business by providing working capital more efficiently."

Rich Jackman, CEO

About Fintainium
With headquarters in Florida and Toronto, Fintainium facilitates the relationship between financial institutions, businesses, and other technology companies. Fintainium combines world class domestic and international money movement products with workflow, accounting, and reconciliation automation. Fintainium enhances back-office operations for institutions and streamlines accounting processes for end-users.

Fintainium is an API-driven and modular platform that was designed to work seamlessly with other platforms. Fintainium's technology enables features such as three minute on-platform loan adjudication, integrated CFO toolkit with business intelligence, real-time payments, credit risk analysis, cash flow optimization, and back-office automation. Fintainium is the only platform that combines all these features into a simple, easy-to-navigate user interface and can also integrate into the background of a 'partner's larger solution.

About Aspire Funds
Aspire Fund Management was founded by financial leaders and successful entrepreneurs, uniting with the purpose of channeling -private equity capital into enterprising, aspiring Caribbean companies – while providing intelligent investment management and generating capital returns for investors. Aspire believes the ability to seize a viable opportunity to help realize and grow a sustainable business is the foundation of its service and central to its overall value proposition. Aspire bridges the gap between innovative entrepreneurs needing capital and investors looking to intelligently fund worthy businesses to create returns above benchmark indexes.

Spotlight

ESG investing has grown exponentially in the last decade and is estimated to be somewhere between 35.31 to 40.52 trillion USD (according to the GSIA, 2021, and OPIMAS, 2020). The ESG investment industry is constantly in transition, with rapid developments across ESG strategies, approaches, and technologies reshaping the industry towards best standards of practice.

This transition is leading to variations in the scale and growth of sustainable investment in different regions, according to GSIA. Many regions continue to see strong growth in sustainable investment assets under management – most notably Canada, the United States and Japan. Other regions are slowing down their rate of growth or have seen a reported reversal – in particular Europe and Australasia. In both cases, this is largely due to changes in how sustainable investment is defined, either by law as in the case of the EU, or by new industry standards as is the case in Australasia.

Spotlight

ESG investing has grown exponentially in the last decade and is estimated to be somewhere between 35.31 to 40.52 trillion USD (according to the GSIA, 2021, and OPIMAS, 2020). The ESG investment industry is constantly in transition, with rapid developments across ESG strategies, approaches, and technologies reshaping the industry towards best standards of practice.

This transition is leading to variations in the scale and growth of sustainable investment in different regions, according to GSIA. Many regions continue to see strong growth in sustainable investment assets under management – most notably Canada, the United States and Japan. Other regions are slowing down their rate of growth or have seen a reported reversal – in particular Europe and Australasia. In both cases, this is largely due to changes in how sustainable investment is defined, either by law as in the case of the EU, or by new industry standards as is the case in Australasia.

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FUNDING

Visa Introduces Crypto Advisory Services to help Partners Navigate a New Era of Money Movement

Visa | December 08, 2021

Visa (NYSE: V), the world’s leader in digital payments, today announced the launch of Visa’s Global Crypto Advisory Practice, an offering within Visa Consulting & Analytics (VCA) designed to help clients and partners advance their own crypto journey. This comes at a moment when digital currencies are taking greater hold in the popular consciousness – according to research released today from Visa, awareness of crypto among financial decision makers surveyed is near universal at 94% around the world.i For financial institutions eager to attract or retain customers with a crypto offering, retailers looking to delve into NFTs, or central banks exploring digital currencies, understanding the crypto ecosystem is a vital first step. Through their work with more than 60 crypto platforms, Visa’s global network of consultants and product experts have deep expertise to help financial institutions evaluate the crypto opportunity, develop concrete strategies, and pilot new user experiences and innovations like crypto rewards programs and CBDC-integrated consumer wallets. We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product roadmap.” Claudio Di Nella, Head, Visa Consulting & Analytics, Europe. VISA STUDY EXPLORES CONSUMER ATTITUDES AND ADOPTION OF CRYPTO Client interest in building crypto solutions comes as new Visa research shows significant awareness and adoption among consumers globally. In a new global study, “The Crypto Phenomenon: Consumer Attitudes & Usage,” Visa found that nearly one-third of respondents have directly engaged with crypto – either as an investment vehicle or as a medium of exchange. And globally, nearly 40% of crypto owners surveyed report they would be likely or very likely to switch their primary bank to one that offers crypto-related products in the next 12 months. “Crypto represents a technological shift for money movement and digital ownership,” said Antony Cahill, Deputy CEO, Visa, Europe. “As consumers change their approach to investing, where they bank, and their views on the future of money, every financial institution will need a crypto strategy.” Surveying more than 6,000 financial decision makers across eight markets (Argentina, Australia, Brazil, Germany, Hong Kong, South Africa, the U.K. and U.S.), the Visa study uncovered the following insights: The crypto headlines are having an impact. Awareness of crypto is almost universal at 94% globally among survey participants with discretion over their household finances. A significant segment is using or investing with crypto: Nearly one in three crypto-aware adults already own or use cryptocurrency, and the majority of that group (62%) say their use has increased in the past year. Engagement is higher in emerging markets. 37% of crypto-aware consumers in emerging markets use or own crypto compared to 29% in developed markets. Key motivators include wealth-building and belief in crypto as the future of financial services. The biggest drivers of owning and using cryptocurrency are to take part in the “financial way of the future” (42%) and to build wealth (41%) – both forward looking motivators. Crypto-linked cards and crypto rewards are attractive. Among current crypto owners, 81% express interest in crypto-linked cards, which allow you to convert and spend crypto at the retailers where you shop in the same way you can use a debit or credit card. 84% are interested in crypto rewards, which allow you to earn crypto as a reward for your card spending. Consumers are willing to switch banks in search of crypto products. Globally, 18% of survey participants say they would be likely or very likely to switch their primary bank to one that offers crypto-related products in the next 12 months. This is particularly true for emerging markets, which jumps to 24%. Among consumers who already own cryptocurrency, nearly 40% are willing to make the switch. To download “The Crypto Phenomenon: Consumer Attitudes & Usage” and learn more, click here. About Visa Inc. Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

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PAYMENTS

Tutuka and Paymentology Create the World’s First Global Issuer-processor Spanning 49 Countries, to Form a New Payments and Card Processing Powerhouse

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 together the ultra-advanced, multi-cloud platform of Paymentology, with the global reach and experience of Tutuka. The merger creates a powerhouse of over 270 payments and technology experts, working across both developed and emerging markets, serving customers in 49 countries, across 14 time zones – and a platform that is already processing USD 10 billion in transactions each year. Previously, banks and fintechs had to work with a multitude of card processors to reach a global market. Now, through Paymentology, they can integrate into a single API, go live and issue cards almost anywhere in the world. They can then rapidly scale beyond that, as Paymentology can process client cards on the company’s shared platform, and upgrade clients to a dedicated platform just for that client, or in particular countries – a feature not available through any other processor. Banks and fintechs are racing to provide customers with digital and data-driven features. They are highly receptive to working with a single issuer-processor that can provide that, across the globe." Rowan Brewer, CEO at Paymentology “People want to be able to pay with a virtual card – sometimes online, sometimes tapping their phone – but everything digitally. Banks, digital banks and fintechs need support and expertise to help them issue cards and process payments.” About Paymentology Paymentology is the first truly global issuer-processor, giving banks and fintechs the technology, team and experience to issue and process Mastercard, Visa and UnionPay cards across 49 countries (and counting). Their advanced, multi-cloud Platform, offering both shared and dedicated processing instances, vast global presence, and richer, real-time data, set them apart as the leader in payments.

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FINTECH

Western Alliance Bank Partners with Tassat to Deliver Blockchain-Based Payments Network to Business Clients

Western Alliance Bank | December 06, 2021

Western Alliance Bank, the primary subsidiary of $50 billion Western Alliance Bancorporation (NYSE: WAL), and Tassat Group Inc., today announced the bank will implement a fully integrated digital banking platform for its customers, which will include a digital token powered by the TassatPay Network and a private Ethereum blockchain. This platform will enable Western Alliance Bank clients to make instant payments – 24 hours a day, 365 days a year – to other Western Alliance Bank customers enrolled in TassatPay. This growing digital payments alternative provides a new way for clients to handle payments that offers immediate settlement and a range of other benefits, from simplicity to added security. Western Alliance believes there will be growing demand for instantaneous digital payments among our clients and others as this technology continues to mature. As we get set to launch this capability over the next few months, we will also continue to build out advanced treasury management solutions. We envision blockchain-based digital payments and related services will be important new offerings for our business.” Kenneth A. Vecchione, President and CEO, Western Alliance Bank. Western Alliance Bank expects to be one of the largest institutions utilizing the TassatPay platform. TassatPay will allow the bank’s clients to make real-time digital payments via tokenizing their U.S. dollar deposits. The platform also provides the infrastructure for executing smart contracts, processing transactions in multiple digital currencies and enhanced data capabilities. “We’re pleased that Western Alliance Bank is giving its clients access to the TassatPay platform,” said Ron Totaro, CEO of Tassat. “TassatPay offers companies secure and reliable real-time settlement for B2B transactions, which will be increasingly important to the wide range of Western Alliance customers including mortgage industry-related businesses, attorneys and the bank’s tech and innovation sector clients.” About Tassat Tassat Group Inc. is a New York-based fintech company that provides blockchain-based technology solutions for digital payments. It delivered the first blockchain-based B2B digital payments platform that was vetted by major bank regulators, and has transacted billions of dollars to date. The TassatPay platform provides the infrastructure for banks to use their own digital tokens backed by bank deposits. Tassat was recently honored with a 2021 Google Cloud Customer Award for innovation in financial services. For additional information, please visit tassat.com or connect with the company on Twitter or LinkedIn. About Western Alliance Bank With more than $50 billion in assets, Western Alliance Bancorporation (NYSE: WAL) is one of the country’s top-performing banking companies. The company is again #1 best-performing of the 50 largest public U.S. banks in the new S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps business clients realize their ambitions with teams of experienced bankers who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. Most recently, the bank added to these capabilities with the acquisition of AmeriHome Mortgage, a leading national business-to-business mortgage platform. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking brands and has offices in key markets nationwide

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