trending Market Intelligence /marketintelligence/en/news-insights/trending/hnXA7u9T-PxjZboHUhu7AQ2 content esgSubNav
In This List

Fintech focus: MasterCard creates omni-channel digital payment service; Thomson Reuters, CME Group to link instant messaging networks


Banking Essentials Newsletter May 29th Edition


Managed Services Insights: The client lifecycle management solution


Technology & Automation Insights: Elevating KYC and onboarding efficiency


Banking Essentials Newsletter: May 15th Edition

Fintech focus: MasterCard creates omni-channel digital payment service; Thomson Reuters, CME Group to link instant messaging networks

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

Banking and lending

Crossroads Bankselected a mobile bankingapp from Computer Services Inc., a financial technology solutions provider.

Encentus FederalCredit Union choseFiserv Inc.'s Portico coreaccount processing platform with a solution suite that includes digital bankingand lending services.

Jack Henry Banking upgradedits SilverLake System to enable banks to define their own transaction posting preferenceselectronically through real-time processing, among other things. Jack Henry Bankingis a division of Jack Henry &Associates Inc.

Thomson ReutersCorp. unveiledits Org ID managed service solution for know-your-customer due diligence in SouthAfrica. The company launched the solution with design partner banks Barclays Africa,Rand Merchant Bank and Standard Bank of South Africa.

Lloyds BankingGroup Plc renewedits agreement with Total System ServicesInc. to continue processing the bank's U.K. commercial card portfolio.

USAA introduceda mobile app that enables visually impaired members to properly position their mobiledevices to capture and deposit checks.

A partnership between FidelityNational Information Services Inc. and Payment Alliance Internationalwill enable the U.S.expansion of FIS Cardless Cash, a mobile solution that avoids using a plastic cardat the ATM to withdraw funds. Payment Alliance International is a provider of ATMprocessing and maintenance services, ATM equipment sales, and support.

FirstMerit Corp.,Umpqua Holdings Corp. andZions Bancorp. are amongseveral banks that useWorkiva Inc.'s Wdesk toautomate risk processes and reports to the Federal Reserve Board and the FDIC.

Data management and analytics

Upland SoftwareInc. developedthe Upland Integration Manager for the Tenrox Professional Service Automation solution,which allows the exchange of data to and from the Tenrox system.

The University of Texas System entered into an agreement with Premier Inc. to integrate purchasing practices across itseight universities, six health institutions and other administrative facilities.

FinTech Sandbox startups may now access Dun& Bradstreet Corp.'s commercial data on businesses large and small,public and private. FinTech Sandbox is a nonprofit that provides free access tocritical data and resources to fintech entrepreneurs and startups.

Luxoft HoldingInc. and Deloitte Luxembourg unveiledDBoard, a web-based platform offering Deloitte's clients a digital ecosystem inwhich users get a comprehensive and real-time overview of their projects. DeloitteLuxembourg is a professional service provider.

Payments and transfers

Western Union Co.renewed its relationshipwith drugstore chain Rite Aid Corp., allowing Western Union Money Transfer transactionsto continue at Rite Aid locations.

MoneyGram InternationalInc. unit PT MoneyGram Payments System Indonesia an agreement with Indonesian remittancecompany Arsema to provide the MoneyGram remittance service in the country's postoffice locations.

Under an agreement, PlanetPayment Inc.'s dynamic currency conversion service, Pay in Your Currency,will be accessible tothe merchant portfolio of Colombia-based electronic payment processing company RBMRedeban Multicolor.

First Data offers a paymentacceptance solution using Ingenico Group's smart terminals that support EMV tipadjust and Common AID.

MasterCard Inc.rolled out its Masterpassdigital payment service, enabling consumers to make digital payments online, inapp and now in store with contactless.

Alliance Data SystemsCorp.'s Columbus, Ohio-based card services business a long-term agreement to provide privatelabel credit card services for The Children's Place Inc., a children's specialtyapparel retailer in North America.

Cachet FinancialSolutions Inc.'s subsidiary signeda prepaid card marketing and technology development agreement with , enabling CachetFinancial to deploy its reloadable prepaid card program, Select Mobile Money Express.


AF Group expandedits relationship with Guidewire SoftwareInc. through the addition of core operations, data and analytics, anddigital engagement products. AF Group supports four brands: Accident Fund, UnitedHeartland, CompWest and Third Coast Underwriters.

Property Claim Services announcedthat reinsurance intermediary Beach & Associates Ltd. secured a license to facilitatePCS-triggered industry loss warranties. Beach's expanded relationship with PCS allowsits clients to ensure that their industry loss warranty cover includes licensedcatastrophe loss estimate data for the U.S., Canada, and Turkey. Property ClaimServices is a Verisk Analytics


Inalfa Roof Systems, a vehicle roof systems provider, Workday Inc.'s Workday Human Capital Management for its HRand talent management capabilities.

New Jersey-based restaurant Turning Point NCR Aloha as its point of sale solution,among other tools from NCR Corp.

Tax and accounting

Thomson Reuters redesignedits tax technology platform, Thomson Reuters ONESOURCE, which now allows accessto all applications in one location, on any device and any browser.


Molina HealthcareInc. is implementingEMC Corp.'s VCE Vblock System 740s converged infrastructure for its data center.

Marketing, communicationsand trading

Thomson Reuters addedFX platform EBS to its post-trade network.

Also, Thomson Reuters agreedwith CME Group Inc. toimplement connectivity between their instant messaging networks to support openand compliant cross-industry communication for financial and commodities markets.The combined service will be available in the third quarter.

Nasdaq Inc.'scorporate solutions business createdNasdaq Influencers, a solution designed for communications and marketing professionalsto connect with thought leaders in their industry.