trending Market Intelligence /marketintelligence/en/news-insights/trending/eiruvaSzVW97oZJAAF9iwA2 content esgSubNav
In This List

Fintech Focus: Mastercard to help expand cashless payments in Indonesia

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Fintech Focus: Mastercard to help expand cashless payments in Indonesia

S&P Global Market Intelligence rounds up financial technology companies' recent product launches, partnership announcements and fundraising activity, as well as regulatory developments in the financial technology space. Please send tips to rachel.stone@spglobal.com. For more fintech news, click here.

Payments

Mastercard Inc. and PT Artajasa Pembayaran Elektronis agreed to be partners in strengthening Indonesia's National Payment Gateway ecosystem, which aims to expand cashless payments in the country.

____________________________________________

Repay Holdings Corp. and Visa Canada Corp. partnered to expand the acceptance of debit cards and online payments options in the Canadian personal loans market.

____________________________________________

InComm Inc. agreed to be the processor of Cuentas Inc.'s soon-to-be launched prepaid debit card under a five-year agreement. Cuentas, which offers mobile banking and payments solutions to unbanked and underbanked U.S. Latino communities, said the debit card also comes with a bank account.

Banking and lending

Corcentric LLC signed a reseller agreement with Kansas City, Mo.-based Commerce Bancshares Inc. to provide its Cor360 solution, which provides financial process automation services, to the bank's customers.

____________________________________________

LoanLogics Inc. said it is the technology services provider for Freddie Mac's Freddie Automated Servicing Transfer, which aims to streamline the physical transfer of mortgage servicing rights by extracting information from imaged documents. LoanLogics also said it will provide further technology enhancements to the government-sponsored enterprise's offering.

Insurance and healthcare

Royal Neighbors of America Inc., which provides life insurance and annuities targeted at women, agreed to deploy Ebix Inc.'s point of sale life platform.

Ebix provides software and e-commerce services to the insurance, financial, healthcare and e-learning industries.

____________________________________________

Pekin Insurance Co. deployed Guidewire Software Inc.'s insurance platform, which the property and casualty insurer said would modernize its infrastructure and simplify business processes for its agents.

Marketing and analytics

Northern Trust Corp. built an algorithm that will forecast the rate to loan securities in the securities lending market, which the company said would help to predict the demand for these equities in the market.

Trading and investing

Lucena Research LLC and Data Capital Management LLC are partnering to bring artificial intelligence based-portfolio management solutions to emerging hedge funds and family offices. The companies said the partnership will make quantitative research reports more accessible and affordable to asset managers and enhance clients' investment styles in analyzing data.

____________________________________________

Canadian Imperial Bank of Commerce's U.S. private wealth management division chose SEI Investments Co.'s SEI Wealth platform to provide front-office capabilities and end-client experiences together with other services such as investment planning and proposal generation, portfolio management and performance reporting, compliance services, and fund processing and administration.

Data and information management

Equifax Inc. struck an agreement to have its marketing data, analytics and technology solutions offering be available on audience technology platform Eyeota Pte Ltd.'s marketplace.