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AURIGA, PROVIDER OF NEXT-GEN BANKING TECHNOLOGY, OPENS ITS FIRST OFFICES IN SPAIN AND MEXICO

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Specialising in omnichannel banking and cybersecurity, the Italian company continues its international expansion with two new offices in Madrid and Mexico

 

Auriga, an Italian company specialising in omnichannel banking solutions, today announced the opening of two new branches in Spain and Mexico, following its international expansion strategy. The subsidiaries, Auriga Iberia and Auriga Latin América, will manage the integration of Lookwise Device Manager (LDM), the cybersecurity solution acquired from S21sec, into Auriga’s portfolio of omnichannel banking solutions. With this milestone, the company now employs 400 professionals.

Auriga’s objective is to become a reference point for financial institutions in the Spanish and Latin American regions. The Latin American office is situated near to Guadalajara, Mexico and represents a real stepping stone towards reaching the local market. The Spanish office is a research and development hub focused on cybersecurity, with the aim of enriching Auriga’s offering and expertise to support banks in their digital transformation path.

These two new openings are in line not only with the acquisition of LDM, but also form part of Auriga’s ongoing strategic partnership programme, which is aimed at consolidating its presence on a global scale. Auriga recently announced strategic alliances with the system integrators Minsait, a company from Indra, and TRSYS.

 

They are also in line with the membership recently signed off with:

  • ATM Security Association, part of the ATMIAnetwork, aimed at bringing manufacturers and their suppliers together with the common goal of establishing vendor independent standards for security solutions within the industry.
  • ATEFI, the Latin American association of operators of electronic transfers of funds and information services aimed at promoting and ensuring the exchange of information among associates, the development and competitiveness of electronic funds transfers and information services in the Latin American financial sector.
  • ECSO(European Cyber Security Organisation), whose main goal is to develop a competitive European cybersecurity ecosystem, to support the protection of the European Digital Single Market with trusted cybersecurity solutions, and to contribute to the advancement of European digital autonomy.

 

Auriga provides omnichannel banking solutions to support its clients in the digital transformation of bank branches, a key area of focus for financial institutions.

“These openings are in line with Auriga’s ongoing investments and current local partnerships aimed at promoting our solutions in the Spanish and Latin American markets”, explains Vincenzo Fiore, CEO, Auriga. “The current pandemic has highlighted, like never before, the power of technology in helping the financial sector continue to provide excellent service to its customers while ensuring their security. As specialists in omnichannel banking, Auriga wants to assist Spanish and Latin American financial services to make this leap into the branch of the future.”

For years, the company has been one of the key technology providers in Europe for the digital transformation of bank branches. Founded in Italy, 70% of the country’s ATMs are equipped with its WinWebServer (WWS) software. This advanced omnichannel solution enables the efficient integration of various modules into banks’ systems and provides an enhanced customer experience while optimising costs.

 

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Wombat partners with Currencycloud to launch its new, free Instant Investment service to open up investing for a wider market.

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UK-based micro-investment platform Wombat has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to launch its new, free, Instant Investing account to give investors the ability to invest instantly in the UK, and in US stocks during opening hours.

In line with Wombat’s goal of making investing effortless and accessible for all, the easy-to-use Instant Investing account lets people who want to trade more frequently, and with more choice, do so with no initial subscription fee and only small FX transaction fees. An investor can now instantly place a trade, commission-free, during US market hours. The new account adds to Wombat’s range of carefully chosen, low-cost, theme-based exchange traded funds (ETFs) and fractional UK, US and EU shares.

By partnering with Currencycloud and integrating its APIs directly into their app, Wombat is able to offer its customers instant access to popular US stocks and shares by executing instant buy and sell orders with unlimited commission-free trading and low FX rates. These customers can trade regularly in real time, and instantly convert USD to GBP and vice versa when it suits them and without incurring any hidden FX fees.

Says Kane Harrison, CEO and Co-founder of Wombat: “The addition of Instant Investing is really exciting for us as it gives our users the opportunity to further their investment journey. For those who want to be able to trade shares more regularly, our new instant account will give them flexibility and greater options with access to real-time investments and live market pricing. These new features are fundamental to the next stage of our development and give our users the tools they need to invest the way they want.”

Nick Cheetham, Chief Revenue Officer at Currencycloud, commented: “The growth of Wealthtech over the last couple of years has been meteoric. Working with a brand like Wombat, that provides investment opportunities to the layman is a perfect example of our mutual goal of levelling the playing fields within financial services.”

Wombat is available to download from Apple’s App Store and Google Play now.

 

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Urban Company rolls out health insurance for service professionals in partnership with ACKO Insurance

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  • Health insurance plan to benefit 40,000+ service partners in India
  • Service partners can avail up to 12 free-of-cost online doctor consultations in a year
  • Urban Company already provides Group Life and Accidental Insurance cover to all the service partners associated with the platform   

Urban Company, Asia’s largest tech-enabled home services marketplace, today announced that it is introducing a comprehensive health insurance plan for its service partners in India. The company has tied up with ACKO Insurance to craft this insurance cover.

Under the newly launched health insurance policy, all UC Plus service partners will get an insurance cover of INR 2 lac. The policy will also provide family medical insurance for spouse and two children and up to 12 free medical consultations per year. This is in addition to the existing Group Life and Accidental Insurance cover. Service partners without UC Plus subscription will benefit from a health insurance cover of INR 1 lac, with up to 12 free medical consultations per year for self, along with the existing benefits of the Group Life and Accidental Insurance cover.

Commenting on the initiative, Varun Khaitan, COO & Co-founder Urban Company, said, “Health insurance provides a shield against unexpected medical expenses that can throw individuals and families in dire financial situation. To protect our service partners from such a scenario, we are introducing a specially designed health insurance plan. At Urban Company, our priority has always been the well-being of our partners and we constantly strive towards that through our continued focus on safety net and wealth creation for them.”

Brijesh Unithan, Senior Vice President of Partnerships, ACKO Insurance said “Health Insurance has become a critical aspect in financial planning, and kudos to Urban Company for planning this on behalf of their service professionals. We are excited about the partnership and will keep refining the benefits with more experience to make it a one-stop shop for Urban Company’s service professionals to access all their health insurance needs. 

ACKO Group Medical Cover (GMC) empowers partners to choose from a wide range of benefits offering flexibility to change benefits as per the changing needs of the family and reduces the burden of expensive medical care and the soaring medical inflation. In addition, ACKO GMC eliminates the tedious paperwork by making the entire insurance journey accessible on the app.

Urban Company has a structured approach towards partner development and well-being centered around 4 key pillars: improved earnings, safety net, training and wealth creation. This announcement is part of the Urban Company’s efforts to further strengthen the safety net it offers to its partners. All active partners on the UC platform in India are covered under the Group Life and Accidental Insurance cover. Some of the key aspects covered under the policy are life insurance (INR 6 lakhs), disability cover (INR 6 lakhs), accidental hospitalization (INR 70,000), accidental OPD treatment (INR 10,000), among others.

Recently, Urban Company also announced an industry-first ‘Partner Stock Ownership Plan (PSOP)’ initiative for its service partners. Under this initiative, the Company plans to award stocks worth INR 150 Cr. to thousands of service partners over the next 5-7 years. This will enable Urban Company service partners, including plumbers, electricians, cleaners, beauticians, and massage therapists etc., to become equal stakeholders in the company’s growth.

 

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