Transactions: SEON acquires AML startup Complytron

London-based fraud prevention fin tech SEON has acquired anti-money laundering software company Complytron for an undisclosed amount . The deal has been in the works since April 2022, as SEON aims to improve its compliance and screening capabilities, SEON Chief Executive Tamas Kadar told Bank Automation News . [caption id="attachment_185696" align="alignright" width="300"] Image via Pixabay [/caption] “A lot of companies, especially given the current [macroeconomic conditions], are looking for solutions to consolidate their different services and service providers’ offerings,” Kadar said, adding there is increased client interest for compliance checks and to provide improvements to the company’s fraud product. The acquisition augments SEON’s AML offerings, allowing the company to combat financial crime via connection to watch lists across 50 countries, reducing reduce potential fraud, Kadar added. SEON’s integration process with Complytron’s systems is complete , , and the company’s AML capabilities are available through SEON’s website free for users with options to add features or services for a cost, according to SEON. NatWest acquires Cushon for savings London-based National Westminster Bank (NatWest) purchased 85% of savings and pension of fintech Cushon in a $174 million acquisition, with expectations to buy the remaining 15% later this year. Th e purchase will expand the $1 trillion bank’s savings and workplace pension options, allowing NatWest to offer a new suite of financial well-being services, according to a bank release. “By entering this fast-growing market, we are equipping ourselves with the tools to develop a proposition which responds to our customers’ changing needs whilst delivering value-driven sustainable growth and returns,” NatWest Chief Executive Alison Rose said in the release. Wirex partners with Visa on expanded crypto payments Cryptocurrency payments platform Wirex has announced a partnership with Visa to expand crypto payments in areas such as Asia and the United Kingdom. Through the partnership, London-based Wirex plans to issue crypto-enabled debit and prepaid cards in 40 countries , including the U.S., a release from the company said. “Visa wants to bring more payment options to consumers by connecting digital currencies with our network of banks and merchants,” said Matt Wood , Asia Pacific head of digital and fintech partnerships at Visa , in the release. Wirex also plans to offer new products to help people utilize crypto in their everyday lives, improve the user experience , and pilot blockchain initiatives, the release said. NewDay chooses Checkout.com as payments provider London-based consumer credit provider NewDay has tapped digital payment fintech Checkout.com as its provider for debit card payments. The partnership allows NewDay to streamline its payment processes, operations and reporting, according to a company release. “We’re modernizing our payments infrastructure with granular reporting, offering complete insight into performance in near-real-time,” said Stephen Payne , director of financial control at NewDay, in the release. “Our partnership with Checkout.com will enable us to rapidly increase the pace of our innovation to deliver new forms of responsible credit to market quicker.” NewDay will add Checkout.com’s suite of payment tools, including authentication, fraud detection and reconciliation in a single integration to help with NewDay’s cost savings, the release said. BNP Paribas teams with digital insurer Lemonade Paris-based BNP Paribas has tapped digital insurance platform Lemonade to assist with offering renter’s insurance to the bank’s customers. The $3.2 trillion bank chose Lemonade for its protection solutions to help meet the expectations of BNP Paribas’ younger client base, a release from the bank said. “We share a real commitment to combining the expertise of the two partners in order to facilitate access to insurance via digital channels while delivering top quality services for policyholders throughout the term of their insurance cover,” BNP Paribas Deputy Chief Executive Officer Fabrice Bagne said in the release. Bank Automation Summit US 2023, March 2-3 in Charlotte, is a crucial event on automation technology in banking and will feature a fireside chat with Brinda Bhattacharjee of Goldman Sachs & Co . Register here. <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" tabindex="-1" title="https://bankautomationsummit.com/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Home" href="https://bankautomationsummit.com/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Home&__hstc=41615677.3fe700e68891f0bfd867036c89aa2d86.1650376353803.1675795711914.1675799958505.806&__hssc=41615677.4.1675799958505&__hsfp=2478973190" target="_blank" rel="noopener noreferrer" aria-label="Link Learn more">Learn more and <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" tabindex="-1" title="https://bankautomationsummit.com/register/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Register" href="https://bankautomationsummit.com/register/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Register&__hstc=41615677.3fe700e68891f0bfd867036c89aa2d86.1650376353803.1675795711914.1675799958505.806&__hssc=41615677.4.1675799958505&__hsfp=2478973190" target="_blank" rel="noopener noreferrer" aria-label="Link register for Bank Automation Summit US 2023">register for Bank Automation Summit US 2023 .

Transactions: SEON acquires AML startup Complytron

NatWest acquires Cushon for pension, savings account capabilities

Citi Treasury and Trade Solutions targets platform stability, tech investment

TD Bank exec joins Bank Automation Summit US 2023

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Transactions: SEON acquires AML startup Complytron

NatWest acquires Cushon for pension, savings account capabilities

Citi Treasury and Trade Solutions targets platform stability, tech investment

TD Bank exec joins Bank Automation Summit US 2023

Related Posts

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