In today’s top news in digital-first banking, BlueVine has launched its new integrated digital banking, payments and lending platform, while J.P. Morgan Chase has formed a new business unit geared toward blockchain and digital currency work. Plus, Western Union has again expanded its payout options in its ongoing efforts to strengthen its international real-time payments network.
BlueVine rolled out its novel integrated digital banking, lending and payments platform designed for small companies on Tuesday (Oct. 27). The new technology lets business owners harness the platform’s dashboard to transfer money, deposit checks and make supplier as well as bill payments.
J.P. Morgan Chase has created a new business unit focused on cryptocurrency and blockchain work called Onyx. The unit has 100 dedicated staff and is being headed up by Umar Farooq, who will function as CEO. JPM Coin rolled out in 2019 and has a paying client for the first time — a Big Tech firm. J.P. Morgan, for its part, moves over $6 trillion each day throughout 100 nations.
Western Union has again grown its payout options in its continuing efforts to bolster its cross-border real-time payments network. Jean Claude Farah, Western Union’s president of Global Network, said, “We are making it easier to make payments cross-border in real time for an expanding array of consumer and business needs across the world by building an expansive funds collection and distribution network.”
Yooz, a purchase-to-pay automation tech company, has launched its Software-as-a-Service (SaaS) offering in Belgium and Luxembourg. It natively links up with in excess of 250 enterprise resource planning (ERP) technologies and accounting systems like Oracle, Exact, SAP, WinBooks, BOB 50 and Microsoft. In addition, the company makes use of deep learning, Big Data and artificial intelligence.