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okoora saves businesses over $3 billion in forex transactions

PRNewswireFebruary 26, 20246 min
Fintech startup okoora announced that it has achieved cumulative savings of more than $3 billion for its customers through international foreign exchange transactions to date. The savings, primarily achieved in 2023, were obtained through the use of the okoora Automated Business Currency Management (ABCM™) integrated cloud platform that manages global payments, transactional banking, and risk management. Founded in 2021, the self-funded Swiss-Israeli startup achieved profitability last year, demonstrating the market potential for its AI-powered hub...

Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

BusinessWireJuly 5, 202313 min
Brookfield Reinsurance and American Equity Investment Life Holding Company announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield...

Praxis Tech Launches Merchant Initiated Transactions (MIT)

PRNewswireApril 11, 20233 min
Praxis Tech Ltd is excited to announce the launch of Merchant Initiated Transactions (MIT), a revolutionary payment processing solution that provides secure, seamless, and convenient checkout experiences for merchants and their customers. With MIT, merchants can now initiate transactions on behalf of their customers, eliminating the need for manual payment information entry and streamlining the payment process. The feature facilitates “one-click payments” for customers and supports most payment processors using the Card On File option (Tokenization),...
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