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Fintech focus: Mastercard unveils prepaid innovation hub

Several players within the financial technology arena introduced new products and entered into various agreements in recent days. Please send news tips and feedback to news@snl.com. For other recent financial technology news, click here.

Banking and lending

Illinois Educators CU and Members Financial FCU chose Fiserv Inc.'s core processing solution, Portico.

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Arch Capital Group Ltd. subsidiary Arch Mortgage Insurance Co. announced the completion of an updated integration with Byte Software's BytePro Loan Origination Software, allowing users to access risk-based pricing solution Arch MI RateStar without leaving the loan origination software.

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Under a partnership between Fiserv and TransUnion, Fiserv's automotive loan origination system was integrated with TransUnion's CreditVision Link. The integration allows lenders to identify high-risk and high-opportunity consumers.

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Computer Services Inc. said another mobile banking customer went live in the app store.

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ATM services provider Euro Automatic Cash started using NCR Corp.'s NCR Advanced Monitoring Service offering for its ATM network.

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Total System Services Inc. extended its long-term agreement with Capital One Financial Corp. to continue providing processing services for Capital One's North American portfolio of consumer and commercial credit card accounts for multiple years.

Payments

SunTrust Banks Inc. launched Zelle, a solution that allows the bank's consumer online and mobile banking clients access to a payments network to send and receive money.

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Mastercard Inc. unveiled Mastercard Assemble, a prepaid innovation hub that offers customers money management capabilities, including checking balances, budgeting, setting savings goals and making near-real-time payments to anyone in the U.S. with a valid debit card via a person-to-person service powered by Mastercard Send.

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Specialty retailer Chico's FAS Inc. launched a consumer gift card e-commerce program powered by CashStar Inc.'s CashStar Consumer.

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ACI Worldwide Inc. received SWIFT gpi certification for the universal payments real-time payments solution. SWIFT gpi is a value-added service that helps with international funds transfers.

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MoneyGram International Inc. customers in Finland can now transfer and receive money at R-kioski convenience stores across the country.

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Wirecard AG and Mastercard made digital payment solution Pay by Bank available to all Wirecard merchants in the U.K.

Insurance and healthcare

Life Care Services LLC picked SS&C Technologies Holdings Inc.'s BenefiX carrier data exchange hub to transmit employee benefits data to insurance carriers.

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Benefitfocus Inc. announced its winter software release, which includes features for open enrollment communications and end-of-year reporting.

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Western Reserve Group deployed Guidewire Software Inc.'s Guidewire ClaimCenter as its claims management system and Guidewire ProducerEngage for its agents.

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Data clinical research organization Quartesian LLC signed an enterprise license agreement to provide sponsors with access to Medidata Solutions Inc.'s Medidata Clinical Cloud and analytics platform.

Trading and investing

Business valuation big data provider BizEquity Inc. partnered with Envestnet Inc. to offer business valuation and prospecting tools to financial advisers leveraging the Envestnet platform.

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GAIN Capital Holdings Inc. launched GetGo, a financial trading app.

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Miami-based broker/dealer Beta Capital Wealth Management chose Broadridge Financial Solutions Inc. to offer front to back office technology and operations solution to support its transformation to self-clearing.

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Thomson Reuters Corp. rolled out system enhancements to its multilateral trading facility to support foreign exchange derivatives trading in compliance with Markets in Financial Instruments Directive II regulations.

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Citigroup Inc. and CME Group Inc.'s CME Clearing implemented a real-time distributed ledger platform developed by payments technology provider Baton Systems. The solution allows a bank to view the collateral in its ledgers in real time, send cash or securities to a clearinghouse and receive an acknowledge regardless of the current technologies deployed.

Data and information management

RedPoint Global Inc. expanded its partnership with Acxiom Corp. under which RedPoint Global customers will have access to third-party audience enhancement data, AbiliTec — a proprietary identity resolution solution that creates identifiers for individual customers and data quality hygiene services.

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CNA Financial Corp. picked Tooling U-SME as a member of its allied vendor program. Tooling U-SME offers earning and development solutions to the manufacturing community.

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DST Systems Inc. secured the rights to distribute ActiveOps Ltd.'s Workware and Active Operations Management Method solutions in the Australian market.

Information technology and security

Major cloud security components of Symantec Corp.'s integrated cyber defense platform, including control compliance suite, data center security, data loss prevention, endpoint protection, cloud data protection and protection engine solutions, were made available in the Oracle Cloud Marketplace.

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CA Technologies announced that Telefónica uses CA API Management to support communication among elements of its infrastructure supporting more than 200,000 internal and external services.

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Fortinet Inc. made available its operational technology security solution for critical infrastructure and industrial organizations.

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Under a partnership with the Hong Kong Applied Science and Technology Research Institute, Thomson Reuters will provide technology, tools and content to the innovation hub jointly launched by the institute and the Hong Kong Monetary Authority.

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The Glasgow City Council in the U.K. selected CGI Group Inc. to provide information technology services to enable the introduction of integrated digital services for the Glasgow area.

More fintech news

The week in fintech: Cryptocurrency disruption to payments 'not likely' in '18