Azimuth GRC Secures Series A Financing Led by Mosaik Partners


August 31, 2021 | PRNewswire | JACKSONVILLE, Fla. and SAN FRANCISCO -- Azimuth GRC, Inc., the Jacksonville-based regulatory compliance software platform, announced today that it has secured Series A financing.  Mosaik Partners, a San Francisco-based venture capital firm focused on financial technology, led the round which included other new and existing investors.  The new funds will be used to hire additional talent, further enhance the platform, and expand sales and marketing efforts.  Azimuth GRC also announced additions to the executive management team, including Stephen Garrett as Chief Technology Officer and Kimberly Redd as Vice President, Product Management. "Azimuth GRC's technology helps financial institutions evaluate adherence to regulations and automate compliance testing, which has historically been a costly, lengthy and manual process," said Rohin Tagra, Founder and CEO at Azimuth GRC.  "Mosaik is the perfect partner for us as we embark on our next phase of growth, bringing significant operating and advisory expertise, in addition to a broad network ...

Cassini Systems Named Best Post-Trade Technology in HFM European Technology Awards 2021


August 18, 2021 | PRNewswire | LONDON and NEW YORK -- Cassini Systems, the leading provider of pre- and post-trade margin and collateral analytics for derivatives market participants, has won the 2021 HFM European Technology Award for Best Post-Trade Technology.   Rewarding excellence in hedge fund technology services, the HFM European Technology Awards 2021 aim to recognize and reward hedge fund service providers who have demonstrated exceptional client service, innovation and strong and sustainable business growth over the past 12 months. Selection involves a rigorous judging process. Cassini’s platform provides the only full front-to-back solution covering margin, collateral and cost analytics for all classes of cleared and uncleared derivatives, futures and options, and prime broker portfolios. Cassini is integrated into the leading order management systems to enable frictionless access to pre-trade analytics with little implementation overhead. It also integrates into post-trade collateral management, treasury and risk systems – enabling better transparency, control and optimization ...

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


August 10, 2010 | | 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


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 ...

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