Fintech, Finance, Technology, Banking Highlights – 13 September 2018
Paysend debuts Global Account
Paysend, an international payments and money transfer company, is announcing the beta program for its new Global Account service.
Built by a team of ex-Revolut engineers and designers, the Global Account is a simple mobile app that allows people to hold, move and spend multiple currencies globally.
Ronald Millar, CEO, said “This is another great first for our team. They have created an award winning product that changes how consumers can control and spend their money. We are continuing to define what money of the future is: money without borders”.
The Global Account puts customers in control of what currency their Paysend card spends. When a customer touches down in a new country, they can instantly link the card to the currency of their choosing and pay like a local — without fees or hidden transaction costs. They’re able to hold multiple currencies in their account, with support for anything from US dollars to British Pounds, as well as cryptocurrencies such as Bitcoin.
New Zealand’s NZX Signs Memorandum of Understanding with Nasdaq
New Zealand’s exchange (NZX) has signed a memorandum of understanding (MoU) with Nasdaq.
This memorandum demonstrates the commitment both exchanges have to work more closely to connect their capital markets for the benefit of companies and investors in each country.
NZX Chair James Miller commented: “We are pleased to have extended our relationship with Nasdaq and are excited about the opportunities ahead. As NZX adopts an increasingly global outlook, today’s announcement is a significant endorsement of our strategy and complements relationships we have in place with the Singapore and Hong Kong exchanges. We look forward to working with Nasdaq to generate opportunities for investors and companies in our respective markets.”
Adyen Selects Looker to Help Transform Its Business and Drive Growth
Looker, a data platform company, announced that Adyen, the payments platform of choice for many of the world’s leading companies, has implemented Looker to transform its culture around data and support its rapid growth.
Adyen, which provides the payments platform for high-growth businesses such as Uber, Facebook and Spotify was looking to transform its data processes, increase staff independence and efficiency, and develop critical business insights from its data – underpinning its sustained growth.
Deploying Looker has enabled the entire organisation to visualise, extract and glean value from data for their own job roles and processes while ensuring one single source of truth across the business. Adyen’s account managers can now get data-informed reports on their merchants at the touch of a button. They no longer need rely on analysts with an advanced knowledge of SQL databases and can self-serve to deliver a more seamless customer service.
Belgian P2P platform Mozzeno raises EUR1 million
mozzeno.com has announced that it has raised €1,000,000 from new and former shareholders.
Launched in February 2017, mozzeno.com is the first Belgian platform that allows private individuals to indirectly finance loans for other private individuals.
These funds were raised among former shareholders, including the W.IN.G fund, and a private Belgian shareholder investing in projects of a responsible and ethical nature.
New resources allow mozzeno.com to quicken the pace of their development
The funds raised will enable mozzeno.com to reinforce its financial base and accelerate its development. This will include an increase in volumes processed with regard to existing products: personal loans and investments.
mozzeno.com primarily focuses on the guarantees provided and the flexibility of its offering to attract new investors. With this in mind, mozzeno.com will soon be offering investors the chance to resell their investments before they mature.
Allston Trading selects Corvil
Corvil announced that market maker Allston Trading has selected Corvil to provide visibility, analytics, and reporting to optimize its systems and infrastructure and to assure trading performance amidst rapid technology innovation.
Sitting at the intersection of financial strategy and high-technology, Allston has an enviable track-record for attracting world-class talent and creating an environment where innovative and collaborative professionals thrive. A crucial component of its market-beating approach is to invest in technologies to empower its high-performance teams to continually innovate robust solutions that deliver superior transaction outcomes.
“We remain acutely focused on evolving our trading technology to maintain our strong competitive advantage,” says Steve Lazzo, Chief Technology Officer, Allston Trading. “Corvil helps us advance our strategic innovation plan by providing real-time visibility across our environment, enabling us to address issues before they cost us time and money, and by allowing us to determine where we get the best return on investment for development. When assessing whether to build or buy tools for effective and efficient operations, Corvil proved a very compelling option for improving trading performance and lowering our OpEx.”
