FINTECH

MoneyGram Partners with Japanese Fintech Firm to Launch Digital Payments

MoneyGram | January 12, 2022

MoneyGram_Partners_with
MoneyGram International, Inc., a global leader in digital P2P payments, announced a strategic partnership with Digital Wallet Corporation. Smiles Mobile Remittance (Smiles) is Japan’s most popular mobile money transfer service and digital wallet. The partnership has been introduced for consumers in Japan as they can use the Smiles mobile app powered by MoneyGram’s global payment platform to transfer money to more than 200 countries and territories globally.

MoneyGram has served in fintech and has grown to serve approximately 150 million consumers worldwide over the past five years. MoneyGram has always focused on mobilizing money with a purpose-driven strategy. It has practiced the service by initiating innovative fintech solutions, which is why it has earned the most strategic position in delivering customer-centric capabilities. 

In this partnership, Alex Holmes, MoneyGram Chairman and CEO, says, "Partnering with leading fintech companies, which is a critical component of our strategy, and we are thrilled to open our unique, global platform to one of the world's fastest-growing fintech companies. "An increasing number of companies are looking to leverage our core capabilities to add services and scale quickly, and we continue to remain excited about increasing payment volumes through our network and creating meaningful processing revenue in the years ahead."

Digital Wallet Corporation is delighted to partner with MoneyGram in the rapidly-growing, international money transfer and payments market in Japan. We believe the best way to reach and help our customers is to collaborate with the respected MoneyGram brand and global network. Digital Wallet is looking forward to a successful strategic partnership with MoneyGram."

Eiji Miyakawa, Digital Wallet Corporation President & CEO

Spotlight

In this video we will explore different types of banks. Learn about various types of banks like:Retail Banks

Spotlight

In this video we will explore different types of banks. Learn about various types of banks like:Retail Banks

Related News

PAYMENTS

Myver to Provide Revolutionary and Fully Automated Expense Management system

Myver | November 27, 2020

Anybody can give an advanced receipt – yet what happens a short time later is totally covered by the Myver™ patent. Myver was encouraged to give a progressive and completely automated corporate expense management system. The new idea is something beyond the next generation frictionless expense handling, and has as of late secured US patent protection (No. 10,515,420). The patent gives Myver the sole option to handle and deal with computerized receipts (likewise messages and photographs of) and related information, both on a corporate and private level. With Myver completely coordinated, when an individual (corporate or private) uses their card or installment arrangement the expense will be naturally prepared, sorted and hailed to management for endorsement whenever required. Business individuals will no longer need to check paper receipts or take photographs, money groups will no longer need to handle expenses and the new system will assist with decreasing unapproved spending and misrepresentation sparing banks and organizations millions. Commenting on the development, Mr. Ejlersen, Co-inventor and founder, said: "We are delighted to have secured the US patent for Myver, which is set to change the way we all process receipts and expenses forever. At a time when tackling climate change is crucial and avoiding unnecessary contact is important for health reasons, this new paper free eco-friendly system will be beneficial for the environment and public health now and for future generations. The Myver business system covers all processes from the handling and utilization of digital sales receipts to Enterprise Resource Planning (ERP). This includes direct feed to ERP systems, bookkeeping, budgeting, reconcile accounts, receipt storing, direct marketing, storing warranty information and warranty reminders, fraud and false claims prevention, as well as direct customer financing. The annual cost of handling fraud and false claims in US businesses is over $1bn and we believe it is time for change. Saving people, businesses and banks time and money, and reducing fraud risk, this new system will make the world more efficient and productive." Having built up the cycle and strategy, the Co-creators and authors welcomed on board senior chief Jesper Ronald Petersen who was previously Global Head of Financial Institutions and Senior Vice President at Danske Bank and has more than 30 years' experience of working in banking and fintech. Having secured the US patent, the Danish and London based group, are now chipping away at taking the system to a worldwide level. The Myver group is in discourse with potential US, European, and Chinese joint endeavor and permitting accomplices. Accomplices will profit by the potential for corporate and retail upselling as an extra income stream, direct advertising openings, large information bits of knowledge, extortion and bogus case counteraction and remarkable guarantee update benefits. The natural and Coronavirus secure highlights of Myver could likewise assist with boosting the Environmental, Social and Governance (ESG) accreditations of accomplice organizations and organizations. All organizations handling or preparing computerized receipts including worldwide related information dealing through US workers, needs a permit or business manage Myver to proceed with their activities. Myver welcomes pertinent gatherings to acquire a permit to catch the immense business openings and join molding the eventual fate of advanced receipts and what comes after.

Read More

FINANCIAL MANAGEMENT

PolySign Purchases Digital Asset Fund Administrator MG Stover

PolySign | April 18, 2022

PolySign Inc. announced signing an agreement to acquire MG Stover for a combination of cash and PolySign stock. The acquisition is a part of its ongoing efforts to improve the quality and breadth of digital asset infrastructure available to institutional investors. MG Stover is the industry trendsetter in digital fund administration, with an impressive client base record of more than $40 billion in digital assets under administration. By doing this, it has become the world's largest industry by far. PolySign can now provide institutional investors with a comprehensive, vertically integrated custody, trading, and administration offering for cryptocurrency and digital assets by acquiring MG Stover's best-in-class fund service capabilities. In addition, this near-term development accelerates PolySign's product development plan and paves the way for future service enhancements. In addition to this acquisition, PolySign will also gross its Series C capital raise by adding new shareholders such as Brevan Howard, Soros Fund Management, and GSR to its shareholder base. Cowen Digital will also increase its equity position. MG Stover will be responsible for PolySign's industry-leading digital asset custody and trading offerings for institutional investors. The acquisition was made looking at PolySign's notable developments in 2021, when its wholly-owned subsidiary, Standard Custody & Trust Company, LLC, received its trust charter from the New York Department of Financial Services— one of the world's most developed and well-respected digital asset regulators. PolySign had formerly announced a strategic partnership with Cowen Digital, Cowen Inc.'s digital asset division. This also led PolySign's $53 million Series B round of funding. PolySign's next-generation digital banking technology has been integrated into Cowen's innovative, non-conflicted sales and trading platform. PolySign has provided institutional investors with secure, compliant access to the multi-trillion-dollar digital asset market due to these advancements. Matt Stover, Founder and CEO of MG Stover is widely regarded as a visionary in our industry. We are enchanted to gain his expertise as a shareholder and a core member of our leadership team." PolySign CEO Jack McDonald Our success in developing institutional best practices for the digital asset ecosystem has aided in the growth of a sector with over $2 trillion in assets. Joining the PolySign team will strengthen our core fund administration offering while also allowing us to develop new capabilities that will shape how institutions engage in digital assets for years to come. Matt Stover, Founder and CEO of MG Stover. PolySign is supposed to complete the acquisition of MG Stover in Q2 2022. Macquarie Capital and Cowen served as financial advisors, with Perkins Coie and KL Gates serving as legal counsel for PolySign; Houlihan Lokey served as financial advisors, and Bryan Cave served as legal counsel to MG Stover.

Read More

CORE BANKING

TransferGo to select Thought Machine for driving global expansion

TransferGo, Thought Machine | February 12, 2021

TransferGo, a money transfer company, announced a partnership with a cloud-native core banking technology company, Thought Machine. The partnership aims to propel its drive global expansion into markets and continuous product innovation. By taking benefit of Thought Machine's next group cloud-native core banking platform Vault, TransferGo will emphasize empowering its client experience through more and better progressive platform competencies. Structuring on a fruitful 2020, throughout which TransferGo challenged market prospects to see international payments raise by over 60%, Vault will be a dire constituent for continued development. By holding payment services that are extremely scalable, stretchy, safe, and reckless in the cloud, Vault will authorize TransferGo to enlarge its real-time expenditures platform, shape products fast, and release upcoming card and account competencies without interruption. Prominently, Vault covers no inheritance technology and so allows TransferGo to shape and bring payment services to its correct requirements. The know-how will provision TransferGo's assignment to unceasingly drive development to its numerical payments facility and the client capability for the migrant employee community, serving them to transfer their money around the world rapidly, securely, and as cost-effectively as possible. This announcement echoes the sustained venture TransferGo is making in its award-winning payments platform. With over 2 million operators and safeguarding over $14 million in savings last year, it is dedicated to increasing its global footmark and initiate new facilities on its international payments platform. TransferGo also lately joined with Mastercard and Visa and boosted its senior management team through the hires of Francesco Fulcoli as Chief Compliance Officer and Edgardo Savoy as Chief Technology Officer and. These new growths will superpower its roadmap of technology innovation About TransferGo TransferGo, founded in 2012, has recognized itself as one of the maximum reliable money transfer facilities around the world. Its emphasis on bringing fast and reliable remittances has directed it to develop the only Pan-European money transfer business that can assure a person's money will reach its destination in less than 30 minutes. CEO and founder, Daumantas Dvilinskas, was included in the Forbes 30 under 30 of 2017. The company was also nominated for "Fastest Rising Startup of the Year" and listed by TNW as one of five hottest UK start-ups in 2019. About Thought Machine Founded in 2014, Thought Machine has the mission to make banks organize modern systems. Also, move them away from the traditional IT platforms that make the banking industry standstill. We do this through Vault, our cloud-native core banking platform. This next-generation scheme has been written from nothing as a fully cloud-native platform. It does not cover a single line of code which is pre-cloud. The company was founded by Paul Taylor, a well-known entrepreneur. Customers of Thought Machine include SEB, Lloyds Banking Group, Standard Chartered, Monese, Curve, and Atom bank. We are presently a group of more than 450 people with offices in Singapore, London, Melbourne, Sydney, and New York. We have also raised funding OF more than £110m from Draper Esprit, Eurazeo, SEB, IQ Capital, Playfair Capital, British Patient Capital, Lloyds Banking Group, Nyca Partners, and Backed.

Read More