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Date – 21-Aug-2024 TFSF Ventures introduces cutting-edge software designed to drive growth, optimize operations, and empower fintech firms to navigate the rapidly changing financial landscape. TFSF Ventures, a leading fintech software innovator based in Dubai, has proudly unveiled a comprehensive suite of software solutions designed to accelerate growth for both emerging startups and established fintech firms. These cutting-edge tools are crafted to enhance financial products, optimize operational efficiency, and enable seamless global payment program issuance. This launch reaffirms TFSF Ventures’ commitment to equipping fintech companies with the resources they need to navigate the rapidly evolving financial landscape with confidence and agility. The new solutions will not only help businesses stay ahead of industry trends but also empower them to deliver exceptional value to their customers, ensuring sustained success in a competitive market. Empowering Fintech Startups TFSF Ventures introduces a dynamic range of innovative software solutions tailored specifically for new entrants in the fast-paced fintech sector. Acknowledging the challenges startups face, TFSF provides robust tools for product development, regulatory compliance, and customer management, essential for establishing a strong market presence.“Breaking into the fintech space can be daunting, with complex regulations and the need for quick market adaptation,” said a spokesperson for TFSF Ventures. “Our software equips startups with the critical resources to launch financial products swiftly and maintain global compliance, ensuring they remain competitive.” The solutions include digital wallets for seamless transactions and advanced lending platforms for quick credit assessments and approvals. Each offering is designed to give startups a competitive edge, allowing them to meet consumer demands and innovate within the industry. With TFSF Ventures as a partner, startups can confidently navigate the complexities of fintech and unlock their full potential. Driving Growth for Established Fintech Firms For established fintech companies seeking to scale their operations, TFSF Ventures offers a unique opportunity to expand service offerings. With a focus on program issuance and new revenue streams, TFSF’s technology supports the diversification of financial products across multiple jurisdictions. “We support both startups and established firms in optimizing their operations. Our solutions streamline global payment program launches, enabling services like virtual cards and cross-border transactions,” the spokesperson added. TFSF’s end-to-end software integrates seamlessly with existing infrastructures, providing scalability and flexibility to meet the demands of the evolving fintech landscape. With capabilities to manage international regulations and serve diverse client bases, TFSF Ventures’ solutions are vital for companies aiming for global expansion. Expanding Revenue Opportunities TFSF Ventures empowers fintech companies to diversify their revenue streams by introducing high-margin services such as global payment issuance and innovative cross-border financial products. Expanding service offerings allows companies to enter new markets and meet the evolving needs of their customers. This strategic approach not only enhances customer loyalty by delivering added value but also provides fintech firms with a competitive edge in a crowded marketplace. As the financial industry continues to evolve, adapting and expanding service portfolios will be key to long-term success. Global Solutions with Local Expertise Leveraging its position within Dubai’s vibrant fintech ecosystem, TFSF Ventures offers innovative global solutions backed by invaluable local expertise. Dubai’s status as a leading financial hub, with its cutting-edge infrastructure and business-friendly environment, gives TFSF Ventures a strategic advantage in offering fintech companies access to international markets. This is crucial for businesses aiming to expand their global footprint. Furthermore, TFSF’s commitment to compliance with local regulations ensures effective navigation of market complexities. “With our extensive network and deep understanding of regional dynamics, we help fintech innovators not only meet regulatory standards but also seize growth and collaboration opportunities,” the spokesperson concluded.

Date – 21-Aug-2024 Papaya Ltd., an Electronic Money Institution specializing in innovative financial solutions, is delighted to announce the appointment of Igor Tsybolyuk as its new Chief Executive Officer (CEO), effective immediately. Igor’s extensive experience in financial services for small and medium-sized enterprises across Europe and the UK makes him an invaluable asset to the Papaya team. Since joining Papaya Ltd. in June 2022 as Chief Operating Officer (COO), Igor Tsybolyuk has been instrumental in driving the company’s growth and stability. He has successfully implemented business strategies, set ambitious performance goals, and managed daily operations. His deep expertise in regulatory compliance and strategic planning, coupled with his experience working with regulators, makes him ideally suited to lead Papaya Ltd. into its next phase of development. “We are thrilled to have Igor Tsybolyuk assume the role of CEO,” said Dmitrijs Panurskis, Chairman of the Board and Owner of Papaya Ltd. “His proven leadership and comprehensive understanding of the financial industry will be pivotal in advancing our mission to deliver best-in-class financial capabilities to our clients.” Upon accepting the role, Igor Tsybolyuk stated, “I am honored to lead Papaya Ltd. during such a dynamic period in the fintech industry. We are dedicated to rapidly advancing our financial technologies while maintaining a strong focus on our customers. Our mission is to provide exceptional financial services to European consumers and businesses, including underserved segments, ensuring inclusivity and accessibility for all. We will also continue our close collaboration with regulators to uphold the highest standards of compliance and transparency.” Igor’s previous roles include CEO positions at Talentoom Ltd. and Fin Communications s.r.o., where he focused on business development, compliance, and financial management. His extensive background in financial services and his commitment to regulatory collaboration will drive Papaya Ltd.’s strategic objectives and secure its ongoing success. Papaya Ltd. remains committed to pioneering innovative financial solutions and enhancing the financial well-being of its clients. With Igor Tsybolyuk at the helm, the company is positioned for significant growth and continued excellence in the fintech sector.

Date – 20-Aug-2024 Corcentric, a leading global provider of advanced procurement and finance solutions, has announced the appointment of Manoj Narayan as Senior Vice President of Product Management. In this role, Narayan will oversee Corcentric’s Order-to-Cash (O2C), Payments, and Data products. Narayan will also spearhead the development of Corcentric’s next-generation application development platform, aimed at accelerating the unification of the company’s product portfolio. This new platform will support the creation of innovative network-centric B2B applications designed to enhance buyer-supplier collaboration. He will report to Sudarshan (Suds) Ranganath, Senior Vice President of Product Management at Corcentric. “Manoj brings extensive experience in launching transformative B2B procurement and fintech applications,” said Manish Jaiswal, Chief Product and Technology Officer at Corcentric. “His impressive track record of leading product teams to drive substantial growth in both product offerings and revenue makes him a valuable addition to our team.” With over 20 years of experience in product management for SaaS and cloud applications, Narayan previously served as Senior Vice President of Product at BlackLine, where he led teams in product management, solutions management, product design, and documentation. Before that, he was Global Vice President of Product Management at SAP Ariba, overseeing product teams for the Ariba Network, Cloud Integration Gateway, and Ariba Platform. His career also includes senior roles at PricewaterhouseCoopers and TradeBeam, as well as experience as an M&A advisor. Narayan is a certified public accountant (CPA), chartered accountant (CA), and holds a bachelor’s degree in commerce from Mumbai University. “I am excited to join Corcentric and contribute to the next innovative phase of our product suite,” said Narayan. “My goal is to push the boundaries of digital technology to deliver the most user-friendly and comprehensive solutions for procurement and finance organizations.” Corcentric’s O2C solutions are designed to reduce days sales outstanding (DSO) by ensuring timely payments and mitigating credit risk, leading to improved working capital, enhanced customer service, and better cash flow. Additionally, Corcentric’s Payment solutions optimize processes through innovative platforms, personalized support, and continuous improvement, benefiting not only the finance department but also strengthening supplier and customer relationships, reducing fraudulent payments, and boosting overall organizational efficiency.

Date – 20-Aug-2024 Verification-as-a-Service platform makes a strategic addition to its sales team and promotes experts in multifamily fraud and property management. VeriFast, the AI-powered verification-as-a-service platform specializing in financial analysis and decision-making for resident screening, mortgage underwriting, and consumer lending, has announced several key executive changes to further its growth and enhance its role as a vital partner for landlords aiming to reduce delinquency and boost occupancy. Bob Hansen, a seasoned property manager and proptech expert, is joining VeriFast as Vice President of Sales. Most recently, Hansen was a principal at Second Nature, a company offering a comprehensive resident benefits platform. Prior to that, he served as Senior Vice President at Home Partners of America and spent a decade at Apartments.com, where he led the western region and launched rentalhomesplus.com, targeting the single-family home market. At VeriFast, Hansen will drive expansion in the midwestern multifamily sector and the national single-family leasing industry. “We are excited to welcome Bob to our team,” said Tim Ray, Founder and CEO of VeriFast. “His extensive experience in both sales and property management will be invaluable in engaging with our customers and strengthening our presence in the proptech sector.” In addition to hiring Hansen, VeriFast has promoted Jeanne Klein from Vice President of Sales to Senior Vice President of Sales and Becca Stafford to Vice President of Operations. Klein, an expert in multifamily housing fraud, frequently speaks and writes on the subject. Before joining VeriFast, she was National Director of Sales for Lobby CRE and Director of Sales for Parking Boss. Klein’s extensive background in property management includes over a decade with Greystar, The Altman Company, FCI Residential, and ZRS Management. “Jeanne is a prominent thought leader whose insights into multifamily fraud have been crucial to our platform’s development,” Ray said. “Her contributions have significantly driven our growth.” Stafford, with more than a decade of experience in property management and real estate accounting, will oversee VeriFast’s AI-driven property management and lending products as Vice President of Operations. “Becca’s dedication to helping property managers and operators optimize their NOI through data analytics has been exceptional,” Ray noted. “Her deep understanding of customer needs and her support in implementing our solutions have been pivotal in reducing delinquencies and maintaining high occupancy rates.”

Date – 20-Aug-2024 Ascent streamlines the process of completing digital applications and forms, easing the workload for both members and associates. The Cooperative Credit Union Association (CCUA) is excited to announce a strategic partnership with Ascent Platform, a leading fintech CUSO specializing in digital experience solutions for credit unions. This collaboration aims to enhance digital engagement and delivery for CCUA members. Traditionally, credit unions have had to implement complex, full-stack solutions for each digital experience challenge. These solutions, while improving experiences, are often costly, intricate, and time-consuming to deploy. They can disrupt existing processes, increase compliance and vendor management costs, and lead to fragmented user interfaces and siloed data. Ascent addresses these issues by providing a unified platform that delivers consistent and seamless digital experiences across all touchpoints within a credit union. Ascent simplifies product applications and forms without interfering with current systems and processes. The platform replaces disjointed product applications, static online forms, and PDFs with smart forms that feature pre-filled data, customizable rules and logic, and collaborative document collection. Importantly, Ascent learns from each interaction to make future experiences more intuitive, reducing the number of questions for members and minimizing the workload for associates. Arjun Sahgal, co-founder and CEO of Ascent, stated, “CCUA is a prominent leader in the credit union industry, and we are thrilled to partner with them to better serve their members. Our collaboration with Melissa Pomeroy and the CCUA team has been incredibly rewarding, and we look forward to building on this positive momentum.” Melissa Pomeroy, EVP and Chief Operating Officer at CCUA, added, “Our partnership with Ascent allows us to offer a state-of-the-art digital experience that enhances member satisfaction and operational efficiency. This partnership aligns perfectly with our mission to advance credit unions through collaborative innovation.”

Date – 20-Aug-2024 LoanPro, a cutting-edge API-first lending and credit platform, has announced the appointment of Jeri Larsen as its new Chief Customer Officer. Jeri Larsen brings a wealth of experience in customer relationship management, sales, and consulting, with a notable history of success in the tech sector. Most recently, she served as Chief Operating Officer at YouScience. Before that, she was the Senior Vice President of Sales Operations and Development at MX, where she optimized sales processes and achieved the company’s highest employee Net Promoter Score (eNPS). Her return to the fintech industry as CCO will see her play a crucial role in guiding teams to deliver outstanding customer experiences and forge long-lasting relationships. Over the past year, LoanPro has seen significant growth, driven by financial institutions seeking to modernize their infrastructure and the introduction of transaction-level credit within their platform. New major clients include SoFi, Mascoma Bank, Scratch Financial, OppFi, Borrowell, and others. To support this expansion, LoanPro has brought Jeri on board to ensure exceptional support and customer satisfaction. Rhett Roberts, CEO of LoanPro, remarked, “Our dedication to delighting customers at every interaction is unwavering. This commitment extends from initial contact through to post-sales support. We’re thrilled to have someone of Jeri’s caliber joining us to help achieve this goal.” Jeri Larsen added, “In any SaaS organization, having a strong product and revenue engine is crucial, but so is having dedicated advocates for the customers. LoanPro’s flexibility and adaptability allow us to meet our customers’ evolving needs. I’m eager to collaborate with the team to enhance our capabilities, champion our customers, and build meaningful, trusting relationships.”

Date – 20-Aug-2024 TerraPay Launches Wallet Interoperability Council with Leading Digital Wallet Operators TerraPay, a global leader in money movement solutions, has announced the formation of the “Wallet Interoperability Council” in collaboration with five prominent digital wallet operators. This council aims to leverage TerraPay’s technology to enhance interconnection and interoperability in cross-border transactions. The founding members of this council include Airtel, bKash, MPESA, Nequi, and Sama Money, collectively serving millions of wallet users across regions such as Bangladesh, Colombia, Kenya, Senegal, Tanzania, and Uganda. The council’s goal is to streamline merchant payments, international remittances, and other cross-border transactions by interconnecting their diverse platforms and advancing global wallet interoperability. “Being part of the Wallet Interoperability Council is a significant step forward for Safaricom. This collaboration with TerraPay is pioneering global wallet payment interoperability and will drive greater value for our users in international money movement,” said Esther Masese Waititu, Chief Financial Services Officer at Safaricom PLC. The council aims to develop secure, efficient, and cost-effective solutions for cross-border wallet transactions by combining the expertise and resources of its members. TerraPay will provide the necessary technology infrastructure and manage clearing and settlement processes. María del Pilar, Chief Product Officer at Nequi, commented, “Partnering with TerraPay and other council members is a strategic move that will accelerate the global adoption of digital wallets and improve the cross-border payment experience. This collaboration allows us to share and enhance our capabilities together.” Ian Ferrao, CEO of Airtel Money, added, “This initiative will bring tangible benefits to our customers and shareholders by facilitating international wallet usage more efficiently than through individual bilateral agreements.” As digital wallets are expected to handle over $16 trillion in transactions by 2028, this council aims to address the demand for cross-border payment solutions and support the growth of multi-rail wallets in both e-commerce and in-person transactions. Ali Ahmmed, Chief Commercial Officer at bKash, said, “Our collaboration will enhance consumer experiences and add significant utility for cross-border merchant payments. This council will benefit all participants, especially our wallet users.” Sekou Kane Diallo, Deputy CEO and IT Manager at Sama Money, noted, “This initiative addresses key market challenges and will transform perceptions of wallet usage in cross-border commerce, making interoperability within the council’s participants more accessible.” Ambar Sur, CEO of TerraPay, concluded, “With our extensive network connecting over 100 digital wallets, the formation of this council is a major milestone in our mission to provide inclusive financial solutions. We are committed to driving the next wave of wallet evolution and expanding local user experiences to a global scale.”

Date – 20-Aug-2024 TradePMR Expands Team with Four Industry Veterans to Accelerate Fusion Platform Evolution TradePMR, a leading technology and custodial services provider for registered investment advisors (RIAs), is excited to announce the addition of four industry veterans to its technology team. These strategic hires are set to enhance the development and expansion of TradePMR’s Fusion technology and integration platform. Joining the team of nearly 100 professionals are: “With the increasing demand for technology solutions that support the growth and success of independent advisors, it’s crucial that we scale our technology thoughtfully,” said R. Scott Victoria, CFP®, Chief Operating Officer at TradePMR. “These new team members bring invaluable expertise and insights that will drive our ongoing growth and innovation. Their combined knowledge will enhance our operational excellence and strengthen our position as a leader in advisor technology.” These new hires follow the recent appointment of Jon Patullo as Chief Product Officer, reflecting TradePMR’s strategic focus on enhancing its talent pool with experts who have extensive experience in custody platforms and advisor-focused technology. Each new team member brings a wealth of experience from senior roles in technology at custodial firms, aligning perfectly with TradePMR’s commitment to streamlined processes and operational efficiency. Reporting directly to Victoria, the new hires will play crucial roles in advancing the Fusion platform, which serves as a cornerstone of advisor technology. Fusion integrates a comprehensive suite of tools, including streamlined account opening, efficient account management, advanced trading capabilities, fee calculation tools, and robust client relationship management features. The platform continues to evolve based on advisor feedback, including the recent introduction of the Fusion Message Center—a secure, user-friendly communication and collaboration channel. Rated as a top advisor platform in the 2024 T3 survey, Fusion has been refined over more than a decade, benefiting from user feedback and the needs of thousands of independent RIAs. “The momentum of the Fusion platform highlights our dedication to meeting the specific needs of our advisors,” added Victoria. “As we expand our capabilities based on their input, having the right talent in place is essential. We are excited to welcome these new team members and are confident they will significantly contribute to our culture of continuous improvement and innovation at TradePMR.”

Date – 20-Aug-2024 PayPal Holdings Strengthens Global Partnership with Adyen to Introduce Fastlane in the U.S. PayPal Holdings has announced an expansion of its global strategic partnership with Adyen, a leading financial technology platform for top businesses. As part of this enhanced collaboration, Adyen will introduce Fastlane by PayPal to streamline guest checkout processes for its enterprise and marketplace clients in the U.S., with plans for a global rollout in the future. This initiative aims to improve consumer shopping experiences and boost conversion rates for businesses using Adyen’s platform. Fastlane by PayPal offers a new guest checkout experience designed to convert over 80% of transactions and reduce checkout time by 32% compared to traditional methods. Shoppers can save their card and shipping information during their first purchase with a participating merchant, allowing for automatic pre-filling of these details on future transactions wherever Fastlane by PayPal is accepted. “Adyen’s extensive customer base and relationships with enterprises make them the ideal partner for launching Fastlane,” said Alex Chriss, President and CEO of PayPal. “This expanded partnership supports our goal of making PayPal available everywhere customers shop globally. We are committed to providing seamless and connected commerce experiences for the world’s leading brands, technology companies, and payment processors.” Pieter van der Does, co-founder and co-CEO of Adyen, added, “Our expanded partnership with PayPal enhances our ability to offer global enterprises seamless payment flows and exceptional guest shopping experiences. PayPal’s trusted payment brand, combined with our expertise, will elevate the shopping experience for our customers.” Adyen and PayPal have a long-standing partnership, allowing Adyen’s customers to offer PayPal’s suite of payment solutions globally, including PayPal, Venmo, and PayPal’s Buy Now, Pay Later (BNPL) services. Beyond the launch of Fastlane by PayPal, the two companies will continue to explore additional solutions to enhance consumer journeys and deliver value for enterprise clients.

Date – 20-Aug-2024 Simpro and D-Tools are excited to announce a strategic partnership aimed at transforming trade service tools and operations. This collaboration represents a significant milestone in the industry, fueled by a shared dedication to driving customer success through innovation and teamwork. The partnership unites Simpro, the leading field service management software for trade and field services businesses, with D-Tools, a leading provider of core business management software for the electronic systems integration market. Together, they aim to enhance product capabilities, expand market reach, and develop new distribution channels by leveraging their combined strengths. “We are thrilled to partner with D-Tools,” said Ryan Murden, SVP of Partnerships at Simpro. “Many of our customers already use our tools in tandem, and this collaboration will further boost operational efficiency and enable us to deliver exceptional customer service. By joining forces, we are committed to offering a comprehensive solution that meets the evolving needs of our clients and drives their success.” Simpro’s focus on adding value for existing customers aligns seamlessly with D-Tools’ expertise in extending functionality beyond estimating, proposals, and system design into robust job and asset management solutions. Through this partnership, users of D-Tools’ System Integrator (SI) software and Simpro’s job management solution will benefit from an integration that allows D-Tools project details to flow seamlessly into Simpro, creating a fully integrated project workflow. “We rely on both D-Tools and Simpro to provide a seamless, end-to-end solution for our business,” said Sergey Rekutin, President of Cravtsman, a commercial and residential audio-visual company. “D-Tools SI allows us to efficiently handle proposal design and estimating with precision, while Simpro takes over for job management, job costing, and invoicing to streamline payments.” “Partnering with Simpro enables us to offer our joint customers another powerful option for managing their business processes, delivering a comprehensive, best-in-class experience on a global scale,” said Randy Stearns, CEO of D-Tools. “Together, we are better positioned to meet the evolving needs of the low voltage industries and beyond.” Simpro and D-Tools are committed to continuous innovation and collaboration, ensuring that their combined solutions remain at the forefront of the industry. Through this partnership, they will set new standards of excellence for trade service companies, empowering businesses to achieve their full potential.