ANNOUNCEMENTSEZOPS, an AI-focused fintech company, received the 2024 XCelent Award for Advanced Technology in Reconciliation Systems. This honor, Celent noted, recognizes EZOPS' impactful contributions to capital markets through its innovative technology solutions. The company, established in 2014 by payments industry veterans, excels in automating processing with AI and machine learning, significantly enhancing operational efficiency. EZOPS stated it continues to develop advanced, efficient reconciliation systems for financial institutions.
Relay Payments, a fintech firm focused on enhancing payments in the trucking and logistics sectors, was ranked No. 12 on Newsweek's Top 100 Most Loved Global Workplaces list for 2024. This ranking, developed with the Best Practice Institute, highlights Relay's commitment to a respectful, collaborative culture.
The company, known for its innovative digital payment solutions, was previously recognized for its workplace environment and organizational achievements.
PayTech Women opened registration for its 2024 Leadership Summit, scheduled for Sept. 24 and 25, 2024, at the Atlanta Marriott Airport Gateway Complex. This event, sponsored by FIS, aims to inspire and educate attendees in the payments and fintech industries.
With the theme, Choose to be, emphasizing the power of choice in professional growth, the summit will feature keynote speakers, presentations by industry leaders and educational sessions designed to empower and connect professionals.
It also offers a platform for networking, professional development, and innovation in financial services. For early bird registration perks, visit www.paytechwomen.org/mpage/PayTechWomen_2024_Summit_Homepage.
RESEARCHAlkami Technology, a provider of digital banking solutions, released a study examining the financial trends and preferences of millennials, compared to those of other generations, amid a significant wealth transfer. The Generational Trends in Digital Banking Study highlights millennials' characteristics, finding, for example, that 73 percent of millennials are impacted by rising interest rates, and 65 percent are living paycheck to paycheck. The report also points out opportunities for financial institutions to engage millennials, who are likely to prioritize personalized digital experiences.
NCC Group reported that global ransomware attacks decreased by 15 percent in April 2024 compared to the previous month, dropping to 356 incidents. Despite a slight year-on-year increase of 1 percent, the decrease follows the takedown of the major threat actor LockBit 3.0. Other ransomware groups like Play and Hunters became more prominent, contributing to shifts in the threat landscape. The most targeted sectors remained industrials and consumer cyclicals. Notably, Europe saw a 35 percent decrease in attacks.
PARTNERSHIPSBluefin, a provider of PCI-validated point-to-point encryption and tokenization for payment security, completed Elavon's certification for the Android-based SUNMI payment terminal. This certification allows Bluefin customers using the TECS platform and processing through Elavon to immediately start ordering these devices.
And this expansion, Bluefin said, enables it to offer secure point-to-point encryption across more payment devices to a broader global customer base, aligning with Bluefin's strategy to enhance secure omnichannel payment experiences.
Castles Technology, a global provider of payment solutions, recently teamed up with easyFood, a new food ordering and delivery app. The partnership integrates the easyFood app into Castles Technology's Saturn 1000, an Android-supported payment terminal. The integration, the partners stated, allows UK customers to seamlessly pay for food online or in person, offering merchants a cost-efficient, all-in-one payment solution that enhances transaction speed and competitiveness in the hospitality industry.
NCR Voyix, a provider of digital commerce solutions, launched the Aloha Kiosk, developed in collaboration with GRUBBRR. This kiosk is designed to help restaurant operators tackle ongoing challenges, labor shortages and rising costs, for example, by enhancing operational efficiencies and customer experiences. The Aloha Kiosk integrates with the NCR Voyix Commerce Platform, enabling seamless data flow and diverse omnichannel ordering experiences, NCR Voyix stated. The solution aims to increase revenue and order accuracy while alleviating staff stress in the restaurant industry.
ACQUISITIONSExceleron Software and PayGo Utilities merged to form Empower Grid Holdings, backed financially by Moore Strategic Ventures, Accurant International LLC and Avista Development Inc. The merger unites Exceleron's strength in the municipal power market with PayGo's leadership in large utility payments. This new entity aims to enhance affordability for utilities and customers. EGH will operate internationally, including in India, and continue using the Exceleron and PayGo brands. Exceleron founder Bob Crenshaw and PayGo CEO Jeff Weiser will lead as Co-CEOs of EGH.
Fabrick, an open finance operating company, agreed to acquire finAPI GmbH, a German provider of open finance solutions. This acquisition is a key part of Fabrick's strategy to expand internationally. The deal involves Fabrick acquiring 75 percent of finAPI from SCHUFA Holding AG, with finAPI's founders retaining 25 percent. This move, Fabrick stated, will enhance its presence in the European open finance landscape, especially in Italy and Germany, boosting its client base and increasing its annual payment transactions to over 65 billion euros.
APPOINTMENTSKani Payments, a provider of data reconciliation and reporting, expanded its senior management team by appointing Carol Connolly as head of finance & HR and Roger Binks as chief commercial officer. Connolly, a Chartered Institute of Personnel & Development member, brings a wealth of experience in fostering strong team cultures and effective people-centric operations.
Her role will focus on recruitment, employee development and finance as the company scales. Binks, with 20 years of experience in transforming business opportunities, will drive Kani Payments' commercial strategies, focusing on market expansion and maintaining personalized service as the company grows.
Miro Pavletic is the new head of banking as a service (BaaS) at Zūm Rails, a company merging open banking with instant payments. Pavletic brings extensive experience from leading fintechs and launching banking services. At Zūm Rails, he is responsible for what Zūm reported is North America's first AI-powered BaaS platform.
The platform integrates transaction settlement, identity validation and real-time fraud assessment into Zūm's existing payment systems. Pavletic aims to accelerate development and address the challenges of regulatory compliance and risk management along with customer experience and revenue growth.
Gang Wang was appointed as the new chief technology officer of Nuvei Corp., a Canadian fintech company. Wang has over 25 years' experience in technology leadership, particularly in payments and software, and brings significant expertise from his roles at Intuit and Stripe.
At Nuvei, he will lead the global technology team, focusing on advancing the company's technology strategy, research and architecture. This role includes spearheading innovation and aligning technology efforts to enhance service delivery and support Nuvei's growth. 
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