In today’s news from Europe, the Middle East and Africa (EMEA), Thunes has partnered with Alipay+ to increase eWallet acceptance in Europe and Santander has selected Trovata for its cash management platform.
African FinTech EFT Corporation Fights Fraud With ACI Worldwide Partnership
End-to-end payment solutions provider EFT Corporation is instituting new fraud protection measures across Africa through a partnership with real-time payments firm ACI Worldwide.
Under the partnership agreement, EFT will integrate ACI’s Fraud Management Solution to protect its customers in all Eastern and Southern African countries including Kenya, Ethiopia, Uganda, Tanzania, Rwanda, Burundi, Zimbabwe, Zambia, Malawi, Botswana and Mauritius.
ACI’s fraud solution is capable of monitoring and offering protection across web and mobile channels, ATMs and POS platforms, according to a press release emailed to PYMNTS Wednesday (Aug. 31).
Thunes, Alipay+ Partner to Ease Acceptance of Mobile Wallets in Europe
Noting the recovery of international tourism and the popularity of mobile wallets, cross-border payments company Thunes has partnered with Ant Group’s Alipay+ to enable merchants in Europe to accept the mobile wallets that are most popular among Asian consumers.
With this partnership, merchants will be able to accept payments both online and in-store from the mobile wallets Alipay, Boost, GCash, KakaoPay, Rabbit LINE Pay, Touch ’n Go and True Money, according to a press release.
Tink Offers Lenders Real-Time Look at Loan Applicants’ Expenses
Open banking platform Tink is launching a new product that gives lenders real-time access to applicants’ fixed and discretionary spending, allowing them to make faster and more accurate affordability assessments.
Expense Check from Tink will be introduced in the Nordics and the U.K. before a wider European launch, the company announced Wednesday.
The new solution complements Tink’s Income Check product released in January.
Income Check enables lenders to verify a person’s income using real-time data from their bank account. The tool uses facial recognition or a single-click verification to connect to a user’s bank account, where transactions are grouped by salary, pension, benefits and cash deposits.
Meanwhile, Expense Check factors the cost of living into future affordability to help lenders tighten risk assessments. The tool also allows for regular affordability reviews so lenders have accurate insights.
Santander Taps Trovata for Cash Management
Santander has tapped Trovata for its cash management solution, Trovata announced in a press release.
Through the partnership, Santander will market Trovata’s cash management platform to its banking clients as a way to modernize treasury workflows through data-driven automation.
The companies plan to collaborate to continuously improve cash visibility and cash flow insights to help their large corporate clients make better and faster business decisions.
B2B Payments Firm Duplo Raises $4.3 M in Seed Funding
Nigerian payments company Duplo has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria, as reported by Tech Cabal.
The seed funding round included investments from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, and Y Combinator. Oui Capital also re-invested after participating in the pre-seed round.
With the latest funding, Duplo has raised a total of $5.6 million to date, including the $1.3 million in seed funding the company picked up in February.
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