FINANCIAL MANAGEMENT

Mastercard Fintech Express Programme Welcomes B4B Payments as a Key Part

Mastercard | January 05, 2022

Mastercard_Fintech_Express
Recently, B4B Payments created a buzz by becoming a part of the MasterCard Fintech Express Programme. Mastercard Developers took this initiative based on its plans to provide support in obtaining licensing when issuing Mastercard prepaid, credit, and debit cards. The process would take place either directly with Mastercard or through its qualified ‘Express Issuance’ partners.

For more than fifteen years, B4B Payments has been FCA authorized. Throughout its tenure, B4B has been deploying instant and secure prepaid solutions to the business community. Through partnering with B4B Payments, several award-winning companies have enabled organizations (any size) to manage payments, expenses, and rewards safely. The automated and streamlined processes helped organizations embed their payment processes faster than before. 

In this venture, the joining of the Fintech Express Programme is a first step towards creating beneficial motives for B4B Payments and MasterCard. In similar ways, in 2020, B4B took steps as a principal member within the scheme, which provided B4B with the opportunity to become one of the legal card issuers worldwide. This relationship was extended with a mission to create instant and innovative payment capabilities, which will be accessible to all businesses in need.

We are thrilled to join the Mastercard Fintech Express program to quickly support organizations to go live with MasterCard with our turnkey solution. As we continue to disrupt business payments by providing faster, more efficient, and cost-effective cashless pay-outs, this partnership will help us deliver more choice to organizations looking to scale and succeed via the power of seamless payments.”

Paul Swinton, B4B Payments CEO

On the same, Jason Lane, EVP, Market Development, Mastercard Europe, commented: “We are pleased to welcome B4B Payments into the Fintech Express Programme. We look forward to further developing our relationship and are confident that they will continue to benefit from our extensive network and resources.”

Spotlight

The expectation today is that any desired information or service will be available on any device, in context, at their precise moment of need. Financial organizations, however, must remain keenly aware of the unique journeys in which prospects proceed along the purchase pathway for each of their products. In seeking to understand how customers are proceeding down the purchase pathway for four different financial products, Deluxe Corporation commissioned Forrester Consulting to conduct an online survey of 3,597 adults in the US who had Opened a checking account, savings account, IRA, or certificate of deposit (CD), or applied for and obtained a new mortgage, refinance, home equity loan, auto loan, credit card, or personal loan/line of credit.

Spotlight

The expectation today is that any desired information or service will be available on any device, in context, at their precise moment of need. Financial organizations, however, must remain keenly aware of the unique journeys in which prospects proceed along the purchase pathway for each of their products. In seeking to understand how customers are proceeding down the purchase pathway for four different financial products, Deluxe Corporation commissioned Forrester Consulting to conduct an online survey of 3,597 adults in the US who had Opened a checking account, savings account, IRA, or certificate of deposit (CD), or applied for and obtained a new mortgage, refinance, home equity loan, auto loan, credit card, or personal loan/line of credit.

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FINANCIAL MANAGEMENT

Sezzle Announces Integration with Customer Platform Klaviyo

Sezzle and Klaviyo | August 18, 2022

Sezzle, a leader in the Pay in 4 industry, today announced the launch of a new direct integration with Klaviyo. Klaviyo is a leading customer platform that helps over 100,000 paying users maximize revenue, increase repeat sales, and improve retention with personalized emails and SMS. With Sezzle's integration, Klaviyo merchants are able to launch email & SMS campaigns with flexible financing messaging. Even with the ever-evolving landscape of the eCommerce sector, cart abandonment remains one of the biggest battles to be fought by online merchants today. According to Baymard Institute, 69.57% of online shopping carts are abandoned. With this integration, Klaviyo merchants have the ability to offer their customers Sezzle's flexible financing options when they abandon their cart. Sezzle's payment solution opens the door for shoppers to increase their purchasing power and gain financial freedom. "We're excited to launch this integration with a leading player in the alternative payments space, helping our mutual customers strategically target shoppers via email and SMS marketing, Sezzle's purpose-driven approach to payments and mission of financial freedom directly aligns with Klaviyo's vision to empower creators to their own destiny." - Rich Gardner, VP of Global Strategic Partnerships at Klaviyo We are delighted to partner with a leading customer platform and enable its eCommerce customers to bring millions of shoppers fast, easy access to Sezzle, Sezzle's Buy Now, Pay Later is a cutting-edge experience that resonates with all consumers. It is a runaway hit with millennials and Gen Z, in particular, who appreciate that it comes with no interest and no fees if you pay on time,said Paul Paradis, Sezzle President. About Sezzle Inc. Sezzle is a fintech company on a mission to financially empower the next generation. Sezzle's payment platform increases the purchasing power for millions of consumers by offering a suite of financing solutions at online stores and in-store locations. When consumers apply, approval decisions are instant, and their credit scores are not impacted, unless the consumer elects to opt-in to a credit building feature, called Sezzle Up.

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FINTECH

S&P Global Market Intelligence launches the Onboarding Accelerator Tool to Securities Finance clients enhancing efficiency

S&P Global Market Intelligence | September 15, 2022

S&P Global Market Intelligence, a division of S&P Global and provider of information services and solutions to the global markets, has integrated the Onboarding Accelerator tool into its Securities Finance platform. The automated solution is designed to overcome the inefficiencies of the legacy, manual process, currently faced by borrowers and lenders when onboarding new lenders and accounts. The new tool will automate the process, allowing for improved transparency and efficiency. "The legacy onboarding processes tends to rely on spreadsheets, emails, and phone calls with risks of human errors, miscommunication, and delays. The new automated onboarding solution will greatly enhance efficiencies and improve client experience by allowing users to exchange, view and update documents whilst monitoring the status of the process from initiation through to execution seamlessly." -Kabin George, Global Head of Securities Finance Product Management, S&P Global Market Intelligence The tool offers several innovative features, including improved controls and standards and advanced portfolio assessment reports that identifies potential lending revenues and asset qualities in a portfolio. The Portfolio Assessment Report (PAR), a key feature, will allow front office and business management functions to evaluate portfolios and select accounts for prioritisation. The PAR is a unique interactive product offering which places S&P Global Market Intelligence's Securities Finance data into an easily accessible format providing key information on a portfolio's composition and potential value. At a functional level the onboarding tool will enable users to specify documentation requirements, request additional data and raise questions all within the platform, submit to multiple brokers with the ability to mask any critical account information from specific front office functions and backfill historical accounts to acquire one single source copy of all accounts. About S&P Global Market Intelligence At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction. S&P Global Market Intelligence is a division of S&P Global. S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today.

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INVESTMENT MANAGEMENT

Arsenal Capital Partners Acquires Innovative Products & Equipment as its Second Investment to Build Leading Automation Solutions Business

Arsenal Capital Partners and Innovative Products & Equipment | August 24, 2022

Arsenal Capital Partners (Arsenal), a private equity firm that specializes in investments in industrial growth and healthcare companies, today announced that it has completed an investment in Innovative Products & Equipment, Inc. (Innovative), which it will combine with Eckhart, Inc. (Eckhart) to build a leading automation solutions provider serving highly complex applications in high-growth end markets. The terms of the Innovative acquisition were not disclosed. Innovative, an automation solutions provider which focuses on the medical device and life sciences markets, represents Arsenal's second investment in the automation sector, following the acquisition of Eckhart in December 2021. Together, Innovative and Eckhart will provide specialized automation solutions, including Factory of the Future (design simulation) services, single & multi-cell automation systems, and fully automated assembly lines, as well as automation technologies, including Autonomous Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), thermal bonders, servo presses, and semi-automated tooling. "We are excited to work with the Innovative team to enhance our delivery of advanced, end-to-end automation capabilities for our customers, Rich, Eric, Dale, Kevin, and the rest of the Innovative team have developed a reputation in the medical device and life sciences markets for solving mission-critical issues for their customers, and we believe joining forces will position us well for our next phase of growth." -Andy Storm, CEO of Eckhart Rich Brownstein, Principal and Co-President of Innovative, stated, We are thrilled to partner with Arsenal, Andy, and the Eckhart team. The scale, capabilities, and resources that we can provide as a combined company will allow us to strategically accelerate growth as we support our global customer base with higher productivity, efficiency, and precision. Arsenal's reputation and experience investing in innovation-forward industrial technology and healthcare companies gives us confidence in the future growth prospects of our industry and company. Sal Gagliardo, an Operating Partner of Arsenal, added, Innovative is the latest example of our commitment to invest significant capital behind the substantial growth in automation and expand our presence in attractive, specialized end markets, such as medical device and life sciences. SVB Securities served as exclusive financial advisor and Ruberto, Israel & Weiner P.C. served as legal advisor to Innovative on this transaction. Harris Williams LLC served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Arsenal and Eckhart. About Innovative Products & Equipment Founded in 1980 and headquartered in Hudson, New Hampshire, Innovative provides complex automation and product & process development solutions to blue-chip customers in specialized markets, with a focus on medical device and life sciences. Innovative's technologies and solutions include automated assembly and test systems, machine vision solutions, integrated robotics, and engineering services. About Eckhart Eckhart, based in Warren, Michigan, designs, builds, and sustains advanced industrial solutions used to solve complex manufacturing needs. Eckhart's proven portfolio of Industry 4.0 technology includes autonomous guided vehicles (AGVs), collaborative robot systems, traditional robotics, assembly automation & simulation, 3D printing tool development & production, and Factory of the Future consulting for the world's largest manufacturers. About Arsenal Capital Partners Arsenal Capital Partners is a leading private equity firm that specializes in investments in industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 250 platform and add-on acquisitions, and achieved more than 30 realizations. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add.

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