Fintech Machine Learning Leader Attunely Announced $9 Million in Financing

Business Wire | September 25, 2020

Attunely Inc. A pioneer in deploying machine learning to maximize revenue recovery and enhance the consumer experience, today announced $9 million in financing. The new capital includes an earlier seed round as well as a Series A investment. Investors include: Framework Venture Partners, Anthos Capital, Vulcan Capital, and additional independent investors as well. Andrew Lugsdin, Partner at Framework Venture Partners, will join the Attunely Board of Directors. The funds will be used to expand the team with an emphasis on data science, data and security software engineers, client success resources, product/program management, and marketing.

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FINTECH

Mastercard Advances Global Open Banking Capabilities With Close of Aiia Acquisition

Mastercard | November 18, 2021

Mastercard today announced it has completed its acquisition of Aiia, a leading European open banking technology provider that offers single and secure API access to banks and fintech companies, and enables users to easily perform account-to-account payments. Aiia further advances Mastercard’s existing distribution channels, technology, data practices and global multi-rail and open banking strategy. As the shift to a digital economy continues to accelerate globally, Mastercard’s commitment to leading innovation in financial services remains strong. Open banking empowers consumers and small businesses to use their financial data to expand access to financial services, such as demonstrating their financial wellness to increase access to credit, aggregating financial data to improve personal financial management, and to more seamlessly set up and manage payments. Together, we’ll continue to build upon our API connectivity and our multi-rail strategy to enable greater consumer access, control and choice around the world.” Craig Vosburg, Chief Product Officer, Mastercard. Open banking broadens access to financial services by putting users at the center of where and how their data is used to provide the services they want and need. Mastercard was an early advocate of open banking and continues to demonstrate its commitment to providing consumers choice, delivering programs at scale with localized customer service, and innovating with relentless focus on safety and security. With the addition of Aiia, Mastercard further expands its existing open banking technology and proven data practices and reinforces the company’s progress in building a stronger global open data network. Aiia’s open banking platforms and infrastructure – including its strong API connectivity to over 2,700 banks across Europe – enables Mastercard to continue to build applications through a developer-first approach for a variety of financial institutions, merchants, peer-to-peer networks and fintechs globally. At scale, Mastercard’s suite of end-to-end open banking capabilities will continue to enable multi-rail payment flows, enhanced consumer authentication and fraud management, and delivery of analytics and consulting services. The deal continues to enhance our position in offering seamless choice and activation across multiple payment types, including cards, account-to-account, push payments and blockchain, enabled in many cases through the power of open banking connectivity. About Mastercard Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all

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PAYMENTS

Priority Technology Holdings Merges with Finxera to Create Unparalleled Payment Infrastructure as a Service

Priority Technology Holdings, Inc. Finxera Holdings, Inc. | March 09, 2021

Priority Technology Holdings, Inc., today announced that it merged with Finxera Holdings, Inc. to launch the first Banking as a Service ("BaaS") platforms. They have entered into a definitive agreement to merge where Finxera will operate as a wholly-owned subsidiary of Priority. The transaction platform is expected to start in the third quarter of 2021. Priority Technology Holdings, Inc is a leading payments technology company. Finxera Holdings, Inc. ("Finxera") is a pioneer in the fintech industry. Priority's omnichannel payments platform is labeled to support proprietary and third-party software applications built for businesses of any size. Priority's provides modern cloud infrastructure and operational expertise. The combination is made to deliver unparalleled Payment Infrastructure as a Service ("PaaS") to organizations with complex payment operation needs, including underwriting, low friction merchant boarding, risk management, and compliance monitoring. Finxera's BaaS technology allows the rapid integration of banking services into business applications to establish and manage bank accounts for the storage, collection and sending of money. When these are combined, Priority will offer clients payment facilitation, turn-key merchant services, automated payables, card issuing, virtual banking, and e-wallet tools. As these are supported by its best-in-class client service, underwriting, risk management, and compliance. On this, Tom Priore, Chairman and Chief Executive Officer of Priority, mentions that the Finxera acquisition accelerates Priority's position as a market leader in the convergence of payments and banking as a service. Further, he added that the combined platform would be equipped to make payments on a card, ACH, or blockchain. These will manage all aspects of payment operations, such as risk, onboarding, compliance, and client service. Together it will be a one-stop-shop for payments and virtual bank account management that today's merchants and modern software companies seek to manage and monetize their payment networks efficiently. About Priority Technology Holdings, Inc. Priority is a leading provider of merchant acquiring, integrated payment software and corporate payment solutions, offering unique product and service capabilities to its merchant network and distribution partners. Priority's enterprise operates from a purpose-built payments infrastructure that includes tailored customer service offerings and bespoke technology development, allowing Priority to provide end-to-end solutions for payment and payment-adjacent software. About Finxera Holdings, Inc. Finxera operates the leading BaaS platform that allows enterprises to rapidly incorporate banking and payment services into their applications. Its API driven approach has enabled the integration into one platform all aspects of banking and payments, including account opening, reconciliation, sub account ledgering, ACH, checks, wires, and card issuance. Using the Finxera BaaS, enterprises are able to collect, store and send money in a simple, secure and compliant manner, including those involving complex financial regulatory frameworks.

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North Jersey Federal Credit Union Selects Lumin Digital as Digital Banking Partner

Lumin Digital | June 16, 2022

Cloud-based digital banking platform, Lumin Digital announced that North Jersey Federal Credit Union (NJFCU) has onboarded Lumin Digital to deliver digital and mobile banking solutions. Lumin Digital, will help support NJFCU’s 24,000 members and over $262 million in assets. North Jersey Federal Credit Union was built by and for its members, which is why we are unwaveringly committed to finding the best and most innovative digital tools and technologies for those who trust us with their financial wellbeing. This partnership with Lumin Digital does exactly that." Anna Lo, CEO of North Jersey Federal Credit Union Lumin Digital’s digital banking platform solution is native to the cloud and will provide NJFCU with the integration and customization it needs to compete with larger financial institutions’ services. An emerging fintech company that emphasizes user experience, security, and safety through automation. The platform enables credit unions to offer their customers real-time notifications, fraud alerts, spending insights and financial advice. NJFCU is headquartered in Totowa, New Jersey and is committed to enhancing the customer experience by delivering secure financial transactions. We admire NJFCU's remarkable commitment to providing their members with an exceptional digital banking experience. This collaboration will help NJFCU bring innovative banking capabilities to their members using next-generation technologies." Jeff Chambers, founder and CEO of Lumin Digital

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