Connect with us

Payments

Qontigo and Siepe team on risk analytics

Avatar

Published

on

Qontigo, an investment intelligence leader and provider of best-of-breed analytics and world-class indices, and Siepe, a trusted provider of technology, data and analytics solutions, have entered into an exclusive partnership to launch Axioma Risk: Elements, a pre-defined selection of data analytics from the award-winning risk management platform, Axioma RiskTM.

Siepe will be offering clients a bespoke configuration of risk analytics across multiple asset classes, with Axioma Risk: Elements providing an entry point for hedge funds, asset managers and other fund managers to integrate a fixed set of fundamental statistics, stress tests and risk settings from the more comprehensive, cloud-native Axioma Risk enterprise software. In addition, Siepe will be able to offer Qontigo’s full suite of portfolio construction tools and risk models along with integration capabilities.

“Flexibility and scalability are two of the key tenets of our solutions at Qontigo,” said Brian Rosenberg, Chief Revenue Officer, Qontigo. “Through the new Axioma Risk: Elements offering, emerging hedge funds who may have had a barrier to entry can now access some of the sophisticated and robust analytics statistics of Axioma Risk, realizing cost efficiencies but without having to sacrifice incisive analysis. Siepe’s leadership in data management and integration have made them a natural partner for us not only for this offering, but also for our other products.”

“Axioma Risk: Elements is a real value-add to our cloud-based platform,” said Charles Chien, Chief Revenue Officer of Siepe. “Adding these critical risk analytics further enhances Siepe’s investment management capabilities, giving our clients a bespoke perspective into their portfolios.”

Axioma Risk is a cloud-native, API-first risk system for multi-asset class risk management. Customizable stress tests, on-the-fly “what if” analyses in addition to factor and full-revaluations are all available on a single platform. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.finextra.com/pressarticle/87383/qontigo-and-siepe-team-on-risk-analytics?utm_medium=rssfinextra&utm_source=finextrafeed

Payments

Ebanx appoints João Del Valle CEO

Avatar

Published

on

João Del Valle, co-founder of Ebanx, is the new CEO of the company. After more than three years as COO, preceded by almost seven as CTO, he takes over the executive leadership of the fintech, which has been led by co-founder Alphonse Voigt for the past nine years, since its founding in Curitiba, Brazil.

With the change, Voigt will now be the head of the Board of Directors, as Executive Chairman, and Wagner Ruiz, also a co-founder, becomes Chief Risk Officer, leaving the CFO position to the newly hired Alexandre Dinkelmann, former executive in the Brazilian BTG Pactual and TOTVS.

As Chief Operations Officer (COO), Del Valle led important projects for the fintech’s expansion, such as the ensemble of the global commercial team, the launch of 50 new integrations and payment methods within the company’s B2B solutions portfolio only in 2020, and the Push LatAm, an initiative that is taking EBANX operations to new Latin American countries, including in Central America and the Caribbean. “EBANX has a unique story and it will be a privilege to lead this next chapter. Our vision of being the best payment provider in Latin America is growing stronger, and always fueling the urge to innovate. The path we want for EBANX is very clear for the three of us, co-founders: focus on the mission of providing access in Latin America, through technology, speed, consistency and quality of execution,” said Del Valle.

Voigt has been EBANX’s CEO since the creation of the company which, during his tenure, exceeded the market value of USD 1 billion, becoming the first unicorn in the southern region of Brazil. Now, as Executive Chairman, he will lead the company’s strategic expansion. “The big dream got even bigger and from now on I take on this new position, helping to envision the next decade of EBANX. And João, our new CEO, is an example of dedication, focus and result orientation. He has a unique capacity to keep the company growing exponentially while projecting our future,” said Voigt.

Alexandre Dinkelmann, who takes on the position of Chief Financial Officer, will continue the work of Wagner Ruiz, who will now be focused on the company’s risk management, strategic partnerships and regulatory operation, essential pillars in the growth of EBANX. “Alexandre’s arrival brings us even more robustness, capacity and talent to maintain the pace of growth and adapt our financial sector to the new moment that EBANX will experience,” said Ruiz. Dickelmann brings in his experience as CFO at TOTVS and Even Incorporadora, as well as a stint at BTG Pactual and his role as a co-founder of the Onyo platform.

The new EBANX leadership has the mission of consolidating the company as the payments leader in Latin America, and to continue to expand the operations that have already given access to more than 70 million Latin American consumers to some of the largest global brands, such as Uber, Spotify, AliExpress and SHEIN. “These changes arrive in line with our goals for the next decade. Our success depends on the success of customers in the region and this is our focus. We remain even stronger and more structured to establish the leadership of Latin America in the global market and the leadership of EBANX in the world of payments and technology,” concluded Del Valle. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.finextra.com/pressarticle/87515/ebanx-appoints-joo-del-valle-ceo?utm_medium=rssfinextra&utm_source=finextrafeed

Continue Reading

Payments

Tipalti expands ERP integrations

Avatar

Published

on

Tipalti, the leading global payables automation platform, has announced that it can now integrate with any Enterprise Resource Planning (ERP) system.

Notable ERP integrations include Microsoft Dynamics 365 Business Central, Microsoft Dynamics NAV, Microsoft Dynamics GP, QuickBooks Desktop, Xero, Sage 50, Sage 100, Sage X3, Sage 300, SAP Business One, SAP Business ByDesign and Acumatica, opening up scalable, global and modern AP automation capabilities to a much larger number of high-velocity businesses.

Tipalti offers a highly configurable integration that automatically syncs invoices and invoice payment data between a company’s ERP system and the Tipalti platform, with minimal IT effort. Tipalti’s world-class integration capabilities, advanced technology, and intuitive interface smartly and efficiently manage the lifecycle of vendor bills and payments.

“Integrating Tipalti’s AP solution with ERP systems let’s organizations achieve better automation by validating invoices against supplier information, ensuring that general ledger coding, including department, class and location syncs with the ERP system for faster payment reconciliation and financial close,” said Kevin Permenter, Research Manager, Enterprise Applications at IDC.

“This new ERP integration capability from Tipalti exposes their modern AP automation capabilities to a much larger segment of fast-growing mid-market businesses.”

“An ERP system is one of a company’s most valuable business investments and payables departments need to have an integrated philosophy that encompasses the entire end-to-end process,” said Roby Baruch, Chief Product Officer at Tipalti. “We’re excited to be open for integration with any ERP system, making scalable, modern payables capabilities accessible to every company.”

Tipalti previously had offered ERP integrations with Oracle NetSuite, QuickBooks Online, and Sage Intacct.  

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.finextra.com/pressarticle/87514/tipalti-expands-erp-integrations?utm_medium=rssfinextra&utm_source=finextrafeed

Continue Reading

Payments

Former LSE chief Rolet preps fintech Spac – Bloomberg

Avatar

Published

on

Former London Stock Exchange CEO Xavier Rolet is planning to get in on the fintech Spac frenzy by launching his own $300 million blank cheque company, according to Bloomberg.

The US-listed special purpose acquisition company that would target investments in fintech and quantum computing firms could be unveiled within days, say Bloomberg, citing sources.

In recent months, Spac deals have become the go-to method for fintech players in America looking to go public, with MoneyLion, eToro, Payoneer and SoFi among those to have gone down the route. In the first three months of 2021 alone, 143 Spacs raised c$43bn in the US, according to data from Refinitiv.

In February, Rolet – who left the LSE in 2017 – signalled his support for the still-controversial strategy, calling on his former employer to get in on the boom in a paper urging the UK to revisit its Spac rules.

“The UK needs to promptly consider the Spac revolution,” wrote Rolet. “Whilst there are significant differences between our markets and those in the US, the appetite for permanent listed capital on the part of ambitious UK and European entrepreneurs and innovators is no less than that of their American counterparts: ask the management teams at Spotify or Markit.

“Spacs represent a financial instrument that should not be overlooked and where agility could realise considerable benefits to credible British and European entrepreneurs and dealmakers.”

The former LSE chief is also already on the board of another blank-check company, Golden Falcon Acquisition Corp, led by ex-Barclays banker Makram Azar, which raised $345 million in December, says Bloomberg.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.finextra.com/newsarticle/38009/former-lse-chief-rolet-preps-fintech-spac—bloomberg?utm_medium=rssfinextra&utm_source=finextrafeed

Continue Reading

Crowdfunding

BNPL Fintech Clearpay Research Reveals UK Millennials, Gen Z More Financial Savvy than Older Consumers

Avatar

Published

on

Research from Buy Now Pay Later (BNPL) service provider, Clearpay, reveals that Gen Z and Millennials may have been hit the hardest by the COVID-19 crisis, however, they’re the most financially savvy generation in the United Kingdom. Around 68% of Gen Z and 61% of Millennials are now budgeting and saving in a more responsible manner when compared to the older generations (the research study found).

The Accenture report noted that in addition to filling up their piggybanks, younger consumers are generally more careful with debt. Although as many Millennials carry credit cards as Gen X did at around the same age, their outstanding balances are a significant 10% lower, on average. These findings have been released after research from The Bank of England which shows that consumer credit growth declined by nearly 10% annually – the largest drop since records were kept back in 1994.

When it comes to investing in their plans for the foreseeable future, younger consumers tend to be the leaders in using the latest remote banking and investment apps, with almost 3x as many young investors (59%) using online or all-digital apps to invest their funds, when compared to older people (19%). Millennials and Gen Z are more than 80% likely to engage with contactless payment options, more than 30% likely to perform transactions with mobile payment apps and more than  50% likely to use BNPL services.

Damian Kassabgi, EVP for Public Policy at Clearpay, stated:

“There are often misperceptions that young people are bad at saving and investing their money. However our research has shown that they are actually more cautious than many of their older counterparts and more committed to responsible spending. The pandemic has prompted a surge in customers looking to spread out the costs of products without being subjected to extortionate interest rates and payment terms. Young people have seen the value of flexible payments and therefore it’s not surprising they are leading the charge in the payments revolution and becoming more spending savvy as a result.”

As the United Kingdom tries to recover from COVID-related, nationwide lockdowns, it appears that Gen Z have been impacted the most due to the pandemic, with around 11% becoming unemployed during these difficult times vs. only 4% of Millennials, Gen X and Baby Boomers losing their jobs.

Since last year, when the Coronavirus began to spread globally, Gen Z have been furloughed at twice the rate of older workers – as social distancing requirements and lockdown measures proved more likely to impact employment across the hospitality and retail trade sectors.

Wealth has also declined by 10% over the past 10 years for younger consumers, meanwhile, for age groups above 55, wealth has actually increased by around 30%. The drop has been attributed to property ownership declining by about 23% and student debt increasing 4x during the last decade.

These findings suggest that owning a home is now a lot more difficult for younger UK residents,  as housing expenses have surged 6x as fast as people’s earnings. During the past 2 decades, the prices of homes in the country have increased around 3x while median income has actually increased by 30%. That’s why 44% fewer Millennials now own a home when compared to Baby Boomers at the same age. Gen Z are around 50% more likely to rent a home compared to the Gen X age group.

Damian Kassabgi remarked:

“During the pandemic, we have seen an 134% increase in customers opting to use our service, with 95% of customers choosing to pay via their debit instead of credit options. Over the last 12 months we have seen a definite shift towards more flexible payment options that help customers to budget and save towards their future.”

Unlike other BNPL firms, Clearpay claims it supports responsible spending habits and its inbuilt protections are designed to ensure consumers don’t get into the revolving debt trap. Clearpay confirms that it doesn’t charge any interest, with late fees being capped and they automatically “pause an account if a single payment is late.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175067-bnpl-fintech-clearpay-research-reveals-uk-millennials-gen-z-more-financial-savvy-than-older-consumers/

Continue Reading
Aviation4 days ago

American Airlines Passenger Arrested After Alleged Crew Attack

Blockchain3 days ago

The Reason for Ethereum’s Recent Rally to ATH According to Changpeng Zhao

Blockchain2 days ago

Chiliz Price Prediction 2021-2025: $1.76 By the End of 2025

Blockchain3 days ago

Mining Bitcoin: How to Mine Bitcoin

Blockchain3 days ago

Mining Bitcoin: How to Mine Bitcoin

Fintech4 days ago

Talking Fintech: Customer Experience and the Productivity Revolution

Fintech5 days ago

CGS-CIMB Issued S$150-Million Commercial Paper in Digital Securities on iSTOX

Blockchain5 days ago

Ruffer Investment Sold Bitcoin Holdings After Elon Musk’s Bullish Tweets

Blockchain4 days ago

Bitcoin Gains Bullish Momentum, Signals Another Major Rally

PR Newswire2 days ago

Teamsters Lead Historic Defeat of CEO Pay at Marathon Petroleum

Blockchain5 days ago

Weekly Wrap-up: Ether Breaks Past $3K – New All Time High (May 3, 2021)

Blockchain5 days ago

Ethereum Market Capital Overtakes Bank of America

Aviation5 days ago

Lufthansa To Equip Entire Boeing 777F Fleet With Sharkskin Technology

Cyber Security5 days ago

Where To Pirate Audio Books ? | 10 Best Audiobook Torrenting Sites 2021

Blockchain3 days ago

Mining Bitcoin: How to Mine Bitcoin

Startups5 days ago

Equity Monday: TechCrunch goes Yahoo while welding robots raise $56M

Cyber Security4 days ago

Alaska Court System Temporarily Disconnected the Internet After a Cybersecurity Threat

Start Ups5 days ago

British events startup FIXR raises €7.4 million and prepares to welcome back nightlife

AR/VR1 day ago

Apple is giving a laser company that builds some of its AR tech $410 million

Blockchain5 days ago

Ripple Releases $1.6 Billion XRP from Escrow Account

Trending