US-based card issuing platform Marqeta has partnered with Torpago and Sunwest Bank , a renowned entrepreneurial business bank, to launch Sunwest Visionary Card
India-based Newgen Software has partnered with UK-based Finastra to augment loan origination and integrate lending solutions with the latter's LaserPro platform
Moneyhub , a data and payments platform, has announced it has become the first third-party provider (TPP) to connect to Co-op Bank, Smile Bank, and Kroo Bank
Middleware has emerged as a crucial factor in the banking industry, enabling small- and midsized banks to offer the same level of services as their larger rivals.As Javelin Strategy & Research analyst Matthew Gaughan defines middleware, two primary forms have emerged to work with banks: API-based middle layers and integrated platforms as a service (IPaaS).Gaughan's new report, Coexisting in Payments: How Middleware Forges Alliances Among Smaller Fis, Core Providers, and Fintechs, examines the role middleware plays in today's payments landscape. Gaughan discusses not just the key players providing the middleware services but also how the smaller banks benefit from a more level playing field. “Middleware puts smaller financial institutions in a better position to handle alternative payment methods, such as account-to-account payments or different types of instant payment rails,” Gaughan said