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Fintech focus: Mastercard unveils pay-by-selfie across Europe, IBM partners with Majesco to offer cloud platform for insurers

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Fintech focus: Mastercard unveils pay-by-selfie across Europe, IBM partners with Majesco to offer cloud platform for insurers

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.

Banking and lending

CoreLogic Inc. agreed to integrate its IntelliMods loan modificationdecisioning tool with LoanServ, Fiserv Inc.'s comprehensive servicingplatform.


The Canadian Credit Union Association with to support morethan 300 credit unions across Canada.


NCRCorp. released a suite of integrated CxBanking solutions tohelp financial institutions in the Philippines improve speed of service, reducedowntime and enhance customer experience.


TransUnion  a Fraud Prevention Exchange tohelp lenders reduce online fraud.


Q2Holdings Inc. implemented its digital business banking solution atESL Federal CreditUnion.


Mountain America Credit Union an ATM branding agreement withCardtronics plc togive its members surcharge-free cash access at ATMs in 88 Target and Costcostores in Arizona, New Mexico, Nevada, Utah and Idaho.

Payments and transfers

WesternUnion Co. kickedoff its mobile platform in Canada for domestic and cross-bordermoney transfers, available for iOS and Android.


MoneyGram International Inc.  MoneyGramMobilePass, which allows customers to stage a transaction on a mobile device oronline and pay for the transaction at one of MoneyGram's locations across theU.S.


Mastercard Inc. announced the European roll out of Identity CheckMobile, a payment technology application that allows cardholders to usefingerprints or selfies to verify their identities.


McCoyFederal Credit Union chose Vantiv Inc. as its payments processor.


Under a partnership, 'sSelect Mobile Money SaaS solution will be integrated into Viamericas Corp.'s internationalmoney transfer capabilities. Viamericas is a portfolio company of the InternationalFinance Corp. - World Bank Group.


ProsperMarketplace Inc. made available the Credit Card Optimizer, a new featureof the Prosper Daily app that provides consumers with actionable insightsregarding financial decisions. 

Insurance andhealthcare

IBM signed a five-year partnership with to jointly offer a newcognitive, cloud-based platform to help insurance carriers worldwide create newservices on IBM Cloud.   


The Centers for Medicare & Medicaid Servicesselected as one of 16organizations to support the next phase of the Partnership for Patientsinitiative.

Also, Banner Health expanded its partnership with Premier to extend the healthsystem's use of Premier's group purchasing organization, among other things.


HMSHoldings Corp. announced the release of Version 3.9 of Essette, itsnewly acquired web-based care management platform.


Insurance technology startup Bunker unveiled a betalaunch of Project Greenbrier, a small business digital insurance marketplace,in the U.S., Carrier Management reported.Bunker is backed by Hiscox and American Family.


EquifaxInc. unit Equifax Workforce Solutions its ACA ManagementEssentials Solution to help businesses comply with Affordable Care Actregulations.


Health technology software company OptimizeRx Corp.acquired all of theLogRx inventory for the remainder of 2016 and 2017 from Under this expanded partnership, OptimizeRx will sell the Allscripts LogRxmessaging solution. 

Investing, tradingand data management

Investment Technology Group Inc.  that ITG TCA for FXis now integrated with the FX Connect trading platform. FX Connect is StateStreet Global Market's multi-bank foreign exchange platform.


TSX Co. Services collaborated with Ipreo to offer Toronto Stock Exchangeand TSX Venture Exchange issuers analytics and functionality tools for their IRstrategies.


Envestnet Inc. unveiled technology solutions and consulting servicesthat will assist advisers and enterprises in complying with the Department ofLabor's fiduciary rule.

IT, solutionsdevelopment and customer engagement

XactlyCorp. extended the Xactly Connect Open Platform, whichincludes the Xactly Incentive Estimator.


Fiserv deployed eGain Knowledge to improve customersatisfaction and contact center metrics. EGain is a provider of cloud customerengagement solutions.


EPlusInc. introduced its Business Transformation group, which isfocused on technologies for cloud, data center, software-defined networking,mobility, security and hybrid/converged infrastructures.


ThomsonReuters Corp. rolled out the Thomson Reuters ONESOURCE Indirect TaxDevelopment Partner Program, a program designed to allow developers atthird-party firms, independent software vendors and value-added resellers tobuild, sell and support apps that extend the functionality of the ONESOURCEIndirect Tax platform.   


UnisysCorp. launched security services to help clients prevent andresolve security incidents through improved integration of security and IToperations.

The company also upgraded its ClearPath OS 2200 operating-environmentsoftware for the company's ClearPath Forward Dorado systems. 

Administration andcompliance

Xactly introduced pre-built integrations with Salesforcethrough the Xactly Connect Open Platform.


Insperity Inc.  the Workforce Administrationsolution of human capital management technology company iSolved HCM.


Equifax Canada made available new capabilities designed to assistCanadian financial institutions with the recently amended Proceeds of Crime andTerrorist Financing Act regulations.

S&P GlobalMarket Intelligence released a fintech primer on four areas — digital lending,payments, blockchain and digital wealth management — that are of particularinterest due to their rapid pace of growth, technological disruption, andregulatory and other risks. Click here to read the primer.