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Fintech focus: MasterCard app to speed up EMV transactions, Western Union invests in bitcoin-focused investment firm

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Fintech focus: MasterCard app to speed up EMV transactions, Western Union invests in bitcoin-focused investment firm

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

Analytics

Under a long-term services agreement, 's SaaS-basedpredictive analytics system, Guidewire Predictive Analytics, for its U.K. andIreland retail product lines.


Marsh& McLennan Cos. Inc. unit Mercer into an agreement with RiskFirstto offer the risk management platform PFaroe to clients and pension schemes. 


FairIsaac Corp. released FICO Score XD for bankcards, enabling lendersto offer credit to consumers who do not have standard FICO Scores. FICO ScoreXD was developed in partnership with LexisNexis Risk Solutions and

Fair Isaac released the FICO Decision Management Suite 2.0, acloud-based prescriptive analytics and decision management suite.The company also created FICO Decision Central, a solution that providesend-to-end analytic model and decision logic governance, a central repositoryfor decisions, and advanced workflow management.

Fair Isaac rolled out FICO Strategy Director, a decision authoringtool that allows business users to configure decision management solutions fortheir industry-specific needs.

The company extended its partnership with Hewlett Packard Enterpriseto provide real-time decision management solutions.

Insurance and healthcare

Group Benefits Unlimited, a national Canadian third-partyadministrator and benefit consultancy organization, a multiyear contract to implementSymbility Health Inc.'s cloud-based claims adjudication technology into itsOntario-based operations. Symbility Health is a division ofSymbility Solutions Inc.


BaylorScott & White Health linked up with Pieces Technologies Inc. to deploy PiecesDecision Support software, which reads electronic medical records in real-time,among other features. Pieces Technologies is a health information technologycompany.


ICW Group deployed Systema Software LLC's SIMS Claims to helpmanage workers' compensation claims. Systema Software is a provider of claimsadministration software.


Aon Benfield made available ReMetrica Version 7.0, a platform forrisk and capital modelling. Aon Benfield is the global reinsuranceintermediary and capital advisor of Aon Plc.


PGT Industries, a manufacturer of custom impactresistant windows and doors, decided on Benefitfocus Inc.'s BENEFITFOCUS Marketplace for the adoptionof its health and voluntary benefits plan.


Through a strategic relationship, Guidewire and FICOwill collaborate tohelp insurers identify and prevent personal auto claims fraud in the U.S. andCanada. 

Investing and trading

MassachusettsMutual Life Insurance Co. introduced fiduciary protection services and educationalsupport for employers that sponsor retirement plans. Envestnet RetirementSolutions LLC, a unit of Envestnet Inc., is now MassMutual's new fiduciaryservices provider in support of the Fiduciary Assure program.


Nicola Wealth Management toprovide fund administration services for nearly $4 billion in AUM. 


TMX Insights rolled out its Fixed Income Terms & Conditionsservice, which aims to enhance accuracy of valuations for investors in Canadianfixed income securities, among other things. TMX Insights is partof TMX GroupLtd.


JPX, a financial marketplace, Cinnober Financial Technology forrisk monitoring across the Japanese market of equities, bonds, futures,options, CDS and IRS.


PaychexInc. aligned with LPLFinancial LLC to offer the Small Market Solution, which helpsminimize investment fiduciary risk and provides increased efficiency foradvisors and plan sponsors. 

Payments, transfersand retail

Total System ServicesInc. inked a long-term renewal agreement with to providepayments processing services for the company's health care payments portfolio.


The Co-operative Group, a food retailer in the U.K.,opted for to run itscard payments processing operations and maximize card data security across itsfood stores and fuel sites. 


MasterCard Inc. kicked off M/Chip Fast, an application to help speed upEMV transactions and shoppers through checkout lines.


Digital Currency Group, which and supports bitcoin andblockchain companies, announceda new group of investors, including Western Union Co. and Beijing-based HCM InternationalCo.

KingsbridgeWealth Management Inc., Gibraltar Ventures, OMERS Ventures, HorizonKinetics and Wood Investment Partners also invested in Digital Currency Group.Also, former Treasury Secretary Lawrence Summers joined the Digital CurrencyGroup team as a senior adviser.

Banking and lending

Through a partnership, Automated Financial SystemsInc.'s commercial lending capabilities will be integrated into 's bank core accountprocessing clients. 


PNC BankNA willdeploy certain BlackKnight Financial Services Inc. solutions, includingLoanSphere Empower and LoanSphere Exchange.

Transaction management

CDKGlobal Inc. introduced Sales Overdrive, a solution that integrateswith CDK Drive DMS and brings together customer and contact management systems.The solution is available for all heavy truck dealers in the U.S. and Canada.


AgriClear, a North American online transaction andpayment platform for cattle buyers and sellers, a marketing agreement with TheCanadian Beef Breeds Council, an umbrella organization representing thepurebred cattle sector in Canada. AgriClear is backed by TMX Groupand its unit NGX.

IT and systemsmanagement

The Netherlands' Custodial Institutions Service Unisys Corp. to provide a new custody managementsolution for penitentiaries across the country. The new system is expected tobe delivered later in 2016 for roll-out across the penitentiary network in 2017.

Unisys' subsidiary in Germany a new five-year contract to provideMerck KGaA with end-user IT services for its 48,000 employees worldwide.

Administration

BambooHR, a human resources software solution,selected to manage complexsales plans for its reps.


SanMar Corp., a supplier of wholesale clothing,deployed anintegrated ADP Vantage HCM solution from Automatic Data Processing Inc., including ADPSmartCompliance for tax credit services, employment verification, AffordableCare Act compliance and wage garnishment services. 

Fraud andcybersecurity

Under an alliance, FICO's risk and fraud managementproducts will beaccessible through Capgemini's consulting and integration servicesin North America.

Marketing

LiveRamp, an Acxiom Corp. company, its data onboarding service inthe U.K. and France.