Quadpay Receives Funding, Heritage Global adds to Board of Directors, Capgemini and BlackLine form alliance, FIS launches new data insights and wealth management platform.
Funding & Partnership
Buy Now Pay Later players QuadPay and Zip Bag $130M
US-based installment payment platform, QuadPayOpens a new window has entered into a partnership with Australian Buy Now Pay Later (BNPL) platform Zip Co.Opens a new window The companies share a common motto of Buy Now Pay Later and have now joined forces, collectively raising $130 million to enhance and expand merchant and consumer reach globally, drive scale and increase brand awareness.
Buy Now Pay Later aka BNPL is an flexi-pay alternative for consumers to avoid debt and high-interest rates that come with traditional credit cards.
In the official announcement by Quadpay, Co-CEOs Adam Ezra & Brad Lindenberg said, “we believe that BNPL will soon be as ubiquitous as free shipping.â€
Tech News: TIS Secures $20M to Meet Growing Demand for SaaS B2B Payment SolutionOpens a new window
Capgemini and BlackLine Optimize Finance and Accounting Processes
Technology and engineering services provider CapgeminiOpens a new window announced a global strategic partnership with cloud-based software provider BlackLine, Opens a new window whose products are Opens a new window designed to automate and control the financial close process. Together they aim to empower the finance and accounting teams to reduce process costs and effectively optimize processes.
This partnership is an extension of an existing collaboration at a US-based Capgemini client in the chemical industry, where they use BlackLine’s account reconciliation, task management, journal entry, and Smart Close solutions with the help of Capgemini.
This partnership will enable the journey of Capgemini’s clients from the traditional manual accounting process to a modern way of accounting powered by end-to-end solutions implemented by BlackLine solutions.
People
Barbara Sinsley Joins Heritage Global Inc.’s Board of Directors
Heritage Global IncOpens a new window . a financial services company delivering services for acquisition, disposition, valuation, and lending of assets appointed Barbara Sinsley to its Board of Directors. In addition to that responsibility, Sinsley will also be on the company’s Audit Committee.
Barbara SinsleyOpens a new window has expertise in technology and fintech platforms for payments, security, compliance, and data privacy. She is also the Chief Legal Officer of Remitter USA Inc and meldCX USA Inc.
Tech News: EPIC From FIS Helps Financial Firms Manage the Sudden Shift to Remote WorkOpens a new window
Product Launch
Wealth Management Platform From FIS Global
Financial technology Giant, FIS GlobalOpens a new window , after the launch of EPIC to support the financial firmsOpens a new window working remotely, has now launched a leading-edge wealth management platform. The platform will empower wealth managers to deliver data and insights that will help clients better understand the needs of multi-generational clients.
The platforms allow managers to have a 360-degree view of the client’s financial assets and a detailed overview of the change in lifestyle and investing preferences. This enables them to deliver a customized recommendation to the client. In addition to this, the platform allows process and workflow automation which enhances efficiency and reduces operational costs.
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