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MoneyGram profits from mainframe move to multicloud

CIO

For MoneyGram International, migrating workloads from the mainframe to the cloud has been a boon for the bottom line — and a lifeline against increasing market disruption from digital money-transfer upstarts. The answer was the elasticity of the cloud. We’ve had our highest volumes ever in the 4th quarter.

Retail 246
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The latest in Plaid’s payments push

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. I know there are a ton of fintech-focused newsletters out there, so it really does mean the world.

Fintech 230
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How Western Asset Management Is Mitigating Cloud Threats

Palo Alto Networks

Banking, investment management and FinTech have continually invested in technology upgrades, data analytics and differentiated product offerings in an increasingly competitive and evolving investment landscape. Managing security, risk and regulatory compliance can be challenging in an agile, dynamic cloud environment.

Cloud 45
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Neocova Chooses Praxent to Augment Their Implementation Team

Praxent

Neocova offers fully secure AI-based and cloud-native data solutions for community banks and credit unions including multi-source unification, advanced business intelligence, predictive analytics, fraud detection, and regulatory compliance. Stay tuned to see all the great things we accomplish together! About Praxent.

Fintech 52
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Extra Crunch roundup: B2B marketplaces, edtech M&A, breaking into the $1M ARR club

TechCrunch

The COVID-19 pandemic is helping startups that innovate in areas like payments, financing, insurance and compliance. For this morning’s edition of The Exchange, Alex Wilhelm interviewed three executives at cloud and SaaS companies to find out how well Q3 2020 has been treating them: Ping CFO Raj Dani. trillion by 2024.

B2B 188
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Middesk raises $57M to automate business verification and underwriting

TechCrunch

We take for granted how easy it is for a person to access a financial product made possible through strong infrastructure products. Companies can see their compliance status from Middesk’s dashboard. Businesses don’t have this,” Mack said. legal claims against property).

Banking 143
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Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. I’m not going to lie — upon learning this, my fintech-loving ears perked up. And fintech represented nearly a quarter of the firm’s deals. More than a quarter (28%) of a16z’s fintech investments in 2022 went to the payments category.

Fintech 246