Sezzle and Ally Lending Team Up to Offer Long-Term Installments

Cision PR Newswire | September 23, 2020

Sezzle Inc. Installment payments platform, Sezzle, is pleased to announce its business partnership with Ally Lending, the B2B2C lending arm of Ally Bank, the banking subsidiary of Ally Financial. Ally Financial is a leading digital financial services company with US$184.1 billion in assets as of June 30, 2020. Ally Lending enables monthly fixed-rate installment-loan products that extend up to 60 months in length and US$40k per installment plan through a fully digital application process. Ally lending is backed by the number one digital bank in the USA, Ally Bank. Ally's fierce commitment to "Do Right" and "Obsess over the customer" has led to a customer NPS score of 68, demonstrating their commitment to the customer.

Spotlight

Digital assets or so-called cryptoassets are becoming increasingly common but what are they and how might you record them in your financial statements? With limited-scope guidance starting to emerge under IFRS® Standards, it’s key that you understand their form and substance, and the rights and obligations they convey.

Spotlight

Digital assets or so-called cryptoassets are becoming increasingly common but what are they and how might you record them in your financial statements? With limited-scope guidance starting to emerge under IFRS® Standards, it’s key that you understand their form and substance, and the rights and obligations they convey.

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BITCOIN AND CRYPTO

Xalles To Acquire Vigor Crypto Holdings

Xalles | December 30, 2020

Xalles Holdings Inc. a fintech holding organization giving innovation and monetary administrations arrangements, will get Vigor Crypto Holdings, LLC as an entirely claimed auxiliary under Xalles Capital Inc. Vigor Crypto Holdings, LLC, a boutique cryptocurrency firm, has been upgrading its cryptocurrency trading strategies utilizing trading motors or "bots" and has made gigantic progress during the here and there markets in the course of recent years. Vigor Crypto at present has dynamic BTC-USD and LINK-USD trading pairs that have created many beneficial exchanges on an everyday and month to month premise. In June of 2020, Xalles started working with Vigor Crypto to create demonstrated trading strategies in test conditions with an assortment of cryptocurrency pairs. A trading pair is a capacity whereby two distinct monetary forms can be exchanged between each other. In the course of the most recent a half year of testing, trading returns versus projections far surpassed assumptions. Xalles plans to utilize the Vigor Crypto strategies and results to help with authorizing chances of the protected innovation. Vigor Crypto presently targets high total assets speculators and institutional trading firms looking to partake in the cryptocurrency markets. With the new runup of Bitcoin, and the general cryptocurrency markets when all is said in done, Vigor Crypto has encountered gigantic premium for its restrictive trading motors and crypto trading strategies. Xalles Holdings Chief Executive Officer, Thomas Nash, stated, “The acquisition of Vigor Crypto Holdings enables Xalles to gain instant trading access including Bitcoin and Chainlink cryptocurrencies. We are so pleased with the trading results Vigor Crypto has achieved that we expect to increase company revenue and profit by licensing our IP with potential customers by demonstrating our in-house results.” About Xalles Holdings Inc. Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams.

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FINANCIAL MANAGEMENT

Alkami Partners with Array to Enable Financial Institutions Boost Digital Engagement

Alkami | June 10, 2022

On June 9th, Alkami Technology, a prominent cloud-banking digital solutions provider in the U.S., announced an alliance with Array, an innovation platform specializing in financial services. Following the partnership, Alkami Technology will be able to offer Array’s range of solutions to their client base, comprising of My Credit Manager, Offers Engine, and ID Protect. Improving the digital-first banking experience is a top priority for banks and credit unions. Our partnership with Array enables banks and credit unions to provide added-value products to account holders, which increases engagement and potentially revenue as well.” Stephen Bohanon, Founder, Chief Strategy & Product Officer of Alkami Alkami offers financial and banking services with a wide berth of digital banking solutions focused on user-onboarding, account servicing, and engagement. Array is known for promoting financial literacy and providing offerings that help customers understand, navigate, and secure their credit. The time is now for community banks and credit unions to accelerate their digital transformation so they can continue to offer a differentiated level of personal service. Today’s success formula for personal service includes a mix of in-branch experiences and digital tools that add value to account holders every time they log in. Alkami and Array are making it easier than ever to help banks and credit unions deploy a consistent roadmap of innovative digital products for account holders.” Martin Toha, co-founder and CEO of Array

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FINTECH

Finastra Joins Hands With Plug And Play To Enhance FashionFabric.cloud Platform For Open Innovation

Plug and Play, Finastra | March 22, 2021

Finastra, a platform that delivers latest technologies to financial institutions of all sizes across the globe, collaborates with Plug and Play, a global innovation platform to expand its Fusion Fabric platform for open innovation. The Plug and Play platform endorse Finastra to uphold its ultimate goal of helping more Fintechs with the latest innovations in the industry. Finastra sets to build an open platform for businesses, peoples, and communities in the Fintech industry that helps them accelerate collaboration and innovation in financial services. This open platform will serve better experience for its consumers and will be backed by a comprehensive portfolio of financial services software. Finastra delivers the latest technology in the Fintech industry to the financial institutes all across the globe, including 90 of the world’s top 100 banks. In this collaboration, Plug and Play takes the responsibility of sourcing and onboarding Fintech-relevant startups from around the globe and encourage them to create apps with the help of Finastra’s Open API and Data Sets that is available on FusionFabrir.cloud platform. “Finastra commits itself in fabricating a truly open ecosystem for building, deploying, and consuming financial service technology”, says Philip Taliaferro, Head of Partner and Fintech Ecosystem at Finastra. He also adds, “we are excited to join hands with Plug and Play to expedite the speed at which we are delivering the modern and innovative solutions to our FusionFabric.cloud open development platform.” Experts consider this collaboration to be a great asset as Plug and Play aims to facilitate their partnership on this project by bringing in large financial institutions and Fintechs. The Finastra platform will support the collaboration with the required APIs and dataset, while Plug and Play supplying innovative startups across several verticals to create an effective teamwork. “We are thrilled to have join hands with Finastra to help expand the working of FusionFabric.cloud. Such a move will assist us to provide a ground-breaking way for our startups to create new products and APIs”, says Fernando Zornig, Director at Plug and Play Fintech. About Plug and Play Having presence over 30 locations globally, Plug and Play is a global innovation platform that helps create the ultimate startup ecosystem in several industries. Since its inception in 2006, the Plug and Play program have reached over 30,000 startups and 500 official corporate partners and has raised over $9 billion funding. The platform is headquartered in Silicon Valley and has built accelerator programs, corporate innovation services, and in-house VC to enhance the technological advancement faster than ever before. The company has several successful portfolios exits like Danger, Dropbox, Lending Club and PayPal. About Finastra Finastra is a financial service software setting up to create the better experience for its users. Finastra provides the most vital technological advancement to the financial institutions of all sizes worldwide, including 90 out of 100 world’s top 100 banks. The open architecture approach of Finastra collaborates with number of partners and innovators to give convenience to the Fintech clients. Finastra is leading the way of finding new methods of writing applications, its deployment, and consumption in the financial services to evolve with the dynamic requirements of consumers.

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