Fintech
Plia Creates ESG division; Appoints Anita Karppi as Chief Revenue Officer and Head of ESG
Plia Systems Ltd. the buy-side’s leading Know Your Broker (KYB) platform is pleased to announce the launch of their new ESG division plus the appointment of Anita Karppi in the newly created position of Chief Revenue Officer and Head of ESG.
Plia was developed in 2012 to manage the due diligence process and streamline the secure transfer of information between asset managers and their counterparties for risk management and “best execution” purposes. Plia is the leader in the KYB category of compliance and due diligence software. Earlier this year, Plia announced an investment from the Plato Partnership to launch a KYC/AML initiative, which will be available in early 2022. This new platform is intended to create dramatic improvements following frustrations by industry members regarding standardisation, security, and inefficiencies with existing internal or external systems.
The new Plia ESG platform will help the financial community crowdsource best practices, benchmarks, and technology to allow investors to more easily adopt and integrate ESG into their businesses and partnerships. Just as investors look to create transparency, accountability, and impact with their portfolio companies, Plia’s ESG platform will help investors collaborate with their counterparties (vendors, broker-dealers, service providers, etc.) to generate consistent outcomes. Plia ESG will help financial markets participants comply with new regulations, such as the EU Sustainable Finance Disclosure Regulation (SFDR) and the associated reporting requirements that will be implemented in mid-2022. Additionally, Plia ESG will integrate the relevant UN Sustainable Development Goals (SDG) to create further alignment with this widely shared global blueprint for a sustainable future.
The Plia ESG Technology Platform will be available by the end of 2021 with zero membership/license costs for early adopters until 3Q22.
Bill Stephenson, CEO said, “In addition to finding ways to generate alpha through ESG research integration, we believe investors should work closely with their operational and investment partners to fully align their ESG goals and expectations. We look forward to working with the Plia Advisory Boards, ESG experts, industry groups, and the Plato Partnership to help create some working standards and best practices that sync with investors’ goals of creating a better place to live and work for all.”
Anita has 22 years of experience in capital markets across the buy-side at Goldman Sachs Asset Management, FlexTrade, and Reuters before founding the Buy-side Trading Community in 2009. Anita will continue her role on the Executive Team at the Plato Partnership, the world-leading not-for-profit consortium of asset managers and broker-dealers collaborating to bring creative solutions and efficiencies to today’s complex marketplace.
Dave Lauer, CTO said, “The appointment of Anita will take our business to the next level, and I am excited to be building products that our clients believe will help them improve their process and outcomes for end clients. Her credibility, reputation, network, and drive will help us achieve our goals to become the leading platform for KYB, KYC, and now ESG. These are three important areas that will add transparency and alpha to the investment process.”
Jeffrey Estella, US Strategic Advisor said, “Plia has impressed me with their vision and determination to create products that support transparency, efficiency, and value for investment managers and their counterparties. With Anita’s appointment and their plans for 2022, I am confident that Plia will become a leading participant in each of their product categories.”
Anita Karppi said, “I am truly delighted to be appointed to this position and very excited about the future vision and roadmap of Plia. I have been working with Bill and Dave since March of this year, and together we have a clear vision to grow and scale the business to help the global investment community. The ESG initiative aligns with my passions and I am excited to be spearheading a product that will help the industry engage and collaborate on these important challenges.”
Plia ESG will be donating a percentage of revenues to Plia Impact Inc., a 501(c)(3) non-profit corporation that supports organizations and communities that positively impact and improve environmental and social causes.
Fintech
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Fintech
SPAYZ.io prepares for iFX EXPO Dubai 2025
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Fintech
Airtm Enhances Its Board of Directors with Two Strategic Appointments
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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