Financial Management, Investment Management
PRnewswire | July 19, 2023
MODIFI, the global cross-border business payments company, has secured a $100 million debt facility with HSBC Innovation Banking UK to further growth.
The partnership with HSBC Innovation Banking is a key component of MODIFI's refinancing strategy, aimed at diversifying its funding sources with world-class capital providers. This comes on the heels of a $75 million debt facility MODIFI recently closed with another leading global financial institution.
Nelson Holzner, CEO and Co-Founder of MODIFI, expressed his enthusiasm about the partnership with HSBC, stating, "We are excited to partner with a top-notch financial institution like HSBC Innovation Banking to meet the growing demand of our customers for higher liquidity."
"There is a growing need for innovative solutions that remove barriers, increase transparency and enable small and midsize businesses to trade on a par with larger corporates. We are incredibly excited at HSBC Innovation Banking to support MODIFI as it continues on its trajectory to become a leading provider of trade finance products," said Conor Sheehy, Head of Fintech Warehouse Finance at HSBC Innovation Banking UK.
MODIFI is a global business payments company that helps exporters and importers to facilitate their business internationally. Through its digital platform, the company enables suppliers to receive instant payments while offering buyers the option to defer payments for up to 180 days. Founded in 2018, MODIFI has a presence in 11 locations worldwide, including Amsterdam, Berlin, New York, Mexico-City, Delhi, Mumbai, Shenzhen, Hong Kong, Singapore, Dubai and Dhaka with over 1,500 buyers and sellers across more than 50 countries.
About HSBC Innovation Banking
HSBC Innovation Banking offers flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO. From comprehensive banking to managing cashflow to plans for buyouts to Global Funds Banking, we fuel ideas at every stage of their journey.
Financial Management, Investment Management
PR Newswire | August 21, 2023
Musoni System is excited to announce partnership with Brankas, a leading open finance technology company. Brankas is integrated with over 100 enterprise partners including banks and fintechs to facilitate instant account-to-account payments, bank account opening, and secure retrieval of financial data.
The synergy between Musoni's core banking system and Brankas' integration network marks a transformative leap in financial innovation. By seamlessly incorporating loan management, credit scoring, and collection offerings, this integration empowers Financing Institutions with enhanced capabilities. Simultaneously, it offers Musoni customers a fast and streamlined route to access a diverse range of financial products. This collaboration not only uplifts the services of financing institutions and digital banks but also optimizes their operations, ensuring they remain leaders in an ever-evolving financial landscape.
This partnership will particularly benefit nascent digital banks and financial organizations that are just entering Asia, and non-financial businesses such as those in logistics or e-commerce that are introducing an embedded finance experience. Businesses and consumers looking to apply for loans can use Brankas' data APIs to quickly and securely share the financial and bank data that is required for the loan entity. The loan entities can then rely on Musoni's credit checking and collections systems to manage the entire loan process, and lastly use any preferred loan disbursement and payment method, including Brankas' payment APIs.
"At Musoni, we firmly believe that the future of digitalization in financial services relies on the seamless integration of multiple technology solutions. This strategic partnership represents a significant milestone in our efforts to revolutionize and enhance the value of financial services in Asia. This integration significantly reduces time to market and integration costs for our customers, streamlining operations, enhancing customer experience, and expanding product offerings. Together with Brankas, we aim to unlock new opportunities and revolutionize the financial services landscape in Asia." said Casper Gottlieb Busch, Head of Global Sales at Musoni System.
Brankas is a leading global open finance technology provider. We provide API-based solutions, data and payments solutions for financial service providers (like banks, lenders and e-wallets) and online businesses. Brankas partners with banks to build and manage their open finance infrastructure, producing APIs for real-time payments, identity and data, new account opening, remittances, and more. With Brankas' secure open banking technology, online businesses, fintech companies and digital banks can use Brankas APIs to create new digital experiences for their users.
About Musoni System
Musoni is the leading digitalisation partner for microfinance institutions around the world: We help organizations improve their efficiency and extend their outreach through a variety of fintech solutions. These include a cloud banking system, digital field application, and Open APIs capabilities. We have over a decade of experience and now support 70+ organizations in 26 countries. We take pride in our hands-on and personalized approach, with local teams in the Netherlands, Kenya, and Myanmar.
Investment Management, Security and Compliance
Businesswire | July 18, 2023
Vneuron Risk & Compliance is honored to announce its selection as the "Best AML Compliance Solution Provider'' for 2023 by Waters Rankings Readers and its esteemed clientele. This prestigious recognition stems from the publisher's annual voting, solidifying Vneuron's industry standing.
The twenty-first edition of the Waters Rankings awards competition showcased 35 awards across five categories, including trading services, trading tools, data management, compliance risk management, and infrastructure/connectivity. Each award acknowledges the outstanding global excellence of the ultimate winner.
In the category of Best AML Compliance Solution Provider, Vneuron Risk & Compliance has emerged victorious among 17 nominated global providers, a remarkable feat considering the previous dominance of legacy vendors in this category. This accomplishment underscores Vneuron's dedication to bringing the most advanced technologies for efficiently combating money laundering and terrorism financing on a global scale.
Vneuron has garnered significant recognition in the market following its successful integration of comprehensive regulatory coverage with advanced technologies. This unique approach allows Vneuron to offer automated Know Your Customer (KYC) procedures and screening workflows, along with real-time transaction filtering and AI-powered monitoring. Furthermore, Vneuron provides case management and dynamic investigation capabilities, reinforcing its comprehensive suite of services.
Furthermore, Vneuron addresses the challenge of maintaining compliance while enhancing the customer experience. User-friendly digital portals and self-onboarding tools engage customers throughout the onboarding and review processes, facilitating efficient fulfillment of KYC obligations. Additionally, its process automation engine, integrated into the customer lifecycle platform and KYC component, ensures swift approvals and investigations.
About Vneuron Risk & Compliance
Vneuron, an innovative Anti-Money Laundering (AML) technology provider, designs and implements robust regulatory solutions for over 200 financial institutions across Europe, the Middle East, and Africa. With its headquarters in France, Vneuron is committed to offering customizable solutions tailored to the needs of modern banks as well as non-banking financial institutions, encompassing insurance, capital markets, lending, and FinTech sectors.
About Waters Rankings
For over two decades, Waters Rankings has provided technology and data insights for the finance industry. With researchers in London, New York, and Hong Kong, the magazine ensures global exposure to financial markets. Through in-depth investigations, readers gain a comprehensive understanding of technology providers.