Recent News

Paymentus to Acquire Payveris, a Leading Provider of Money Movement Solutions for Financial Institutions

08.10.2021

August 10, 2010 | businesswire.com | REDMOND, Wash. -- Paymentus Holdings, Inc. (“Paymentus”) (NYSE:PAY), a leading provider of cloud-based bill payment technology solutions, today announced that it has signed a definitive agreement to acquire Payveris to accelerate its initiatives to serve financial institutions and expand the reach of Paymentus’ proprietary Instant Payment Network®. Payveris is a leading provider of cloud-based software that enables over 265 banks and credit unions to modernize and simplify bill pay, person-to-person (P2P) and account-to-account (A2A) money movement and fraud prevention through a unified platform. The acquisition reinforces Paymentus’ mission to be the modern bill payment ecosystem for all industries, including the many financial institutions that are still burdened by siloed point solutions for money movement. Payveris has a track record of efficiently displacing legacy payment systems and driving meaningful increases in consumer acquisition, engagement and retention for financial institutions. The combination is expected to increase ...

Payveris’ New Real-Time Money Movement Solution Optimizes P2P Services to Meet Growing Consumer Demand

07.20.2021

July 20, 2021 | PRNewswire | CROMWELL, Conn. -- Payveris, the fastest-growing money movement provider in fintech, announced today that its MoveMoney Platform now delivers a real-time P2P solution that rivals Zelle, Venmo, PayPal, and Cash App.  The new service enables financial institutions' customers to instantly send money to anyone with a U.S. bank or credit union account using the recipient's mobile phone number or email address—no special app required. The platform offers financial institutions a truly frictionless solution that supports their customers' journeys to financial freedom. P2P adoption is accelerating across consumer demographics. According to Mercator Advisory Group research, the percent of U.S. adults using a P2P service rose from 57% in 2017 to 70% in 2020. As consumers grow more trusting of digital money movement solutions, though, the stakes get higher for financial institutions. Many find themselves struggling to keep pace with payment apps that lure customers with the promise ...

Franklin Templeton Partners with vWise to Deliver Personalized Investment Solutions

07.7.2021

July 7, 2021 | businesswire.com | SAN MATEO, Calif. -- Franklin Templeton today announced a strategic investment and collaboration with California-based vWise, Inc. to integrate technology, predictive analytics, behavioral finance insights and a personalized investment solution designed to improve retirement outcomes in Defined Contribution (DC) Plans. Franklin Templeton’s patent-pending proprietary Goals Optimization Engine (GOETM), combined with vWise’s Experience Platform, will use real-time participant data to intelligently deliver personalized experiences that drive participants to take actions that better prepare them for their specific retirement journey. In addition, Mary Beth Glotzbach, Senior Institutional DC Strategist for Franklin Templeton, has been named to the vWise board. “The workplace is the financial hub for many American workers and our collaboration with vWise will enable us to deliver on our commitment to personalization,” said Glotzbach. “We can now bring to DC plan participants the same level of personalized recommendations we’ve all come to expect in other aspects ...

Point Predictive Unleashes Fraudbot™ to Safely Transform Digital Lending

06.15.2021

June 15, 2021 | businesswire.com | SAN DIEGO, Calif. -- Point Predictive, the San Diego-based company that provides machine learning solutions, has unveiled its Fraudbot™ technology to protect lenders against systematic fraud as they safely and dramatically automate and accelerate loan origination. Fraudbot is Point Predictive’s purpose-built, artificial intelligence technology that continuously digs through over 100 million loan applications and over 10 billion risk attributes to detect the hidden links across a vast data set. A Fraudbot emulates the actions of human fraud analysts as they forensically search for suspicious data anomalies and connections across applications that are often invisible to the human eye. The Fraudbots deployed earlier this year to Consortium members, who have already received 2,000 fraud ring alerts, accounting for $351 million in suspected loan fraud so far in 2021. With Fraudbots working around the clock, even lenders without a large in-house fraud analyst team can now ...

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