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Vendor News

Industry developments from the global payroll vendor and research community.

Neeyamo Recognized as a Leader in NEAT Evaluation

Neeyamo, Inc., a provider in platform-based global payroll and HR solutions for multinationals, has been positioned as a Leader in the NelsonHall Vendor Evaluation & Assessment Tool (NEAT) for 2021.

Neeyamo has received this recognition across multi-country capability, digital payroll capability, and Asia-Pacific (APAC) presence and capability.

NEAT evaluates the performance of vendors offering payroll services and allows strategic sourcing managers to assess vendor capability across a wide range of criteria and business conditions. With this tool, organizations can identify the best performing vendors with overall digital payroll capability, and with specific capability in multi-country payroll and in the Asia Pacific region. Neeyamo has been identified as a Leader across all three capabilities.

“With this milestone achieved, Neeyamo will continue to make strategic investments in emerging technology and innovation to meet the rising multi-country payroll demands of global organizations,” said Samuel Isaac, Senior Vice President at Neeyamo. 

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Immedis Appoints New COO

Immedis, a provider in consolidated global payroll solutions, announced the appointment of Andrew Desmond as Chief Operating Officer (COO). In his role, Desmond will lead the evolution of Immedis’ customer operations services, change management services, and customer onboarding services as the company scales for rapid growth.

Desmond has worked in the financial services industry for more than 20 years and has led large-scale transformation programs in the international and retail banking sectors. Prior to his current role at Immedis, Desmond has worked in management consultancy with Accenture and, as Managing Director, led the technology and consulting business for financial services clients in Ireland for nine years.

“I am delighted to join Immedis at this exciting inflection point in its rapid growth and evolution as a company,” Desmond said. “I will apply my leadership skills and change management experience to deliver transformative programs across our business, which will bring substantial benefits to our customers, our teams, and our partners.”

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Blue Ridge Bank, Aeldra Launch Neobank

Blue Ridge Bank, the national bank subsidiary of Blue Ridge Bankshares, Inc., and a provider of financial services including retail, payroll, commercial banking, and more, announced a partnership with Aeldra Financial, Inc., a Silicon Valley-based financial technology company, to launch a mobile neobank called Aeldra. The neobank will target customers in BRICS-Plus countries (Brazil, Russia, India, China, South Africa, and others) that have cross-border banking needs in the United States.

Aeldra, according to the company, offers interest-bearing accounts with debit cards and mortgage loans, all of which are backed by Blue Ridge Bank’s traditional financial infrastructure. Aeldra plans on offering a line of credit products in the near future.

“The U.S. continues to attract the best and brightest from across the world. They deserve seamless access to U.S. financial services,” said Sukeert Shanker, Founder and CEO of Aeldra. “The simple act of opening a bank account without an SSN is challenging, as is getting approved for a credit card or loan. Our special partnership with Blue Ridge Bank aims to close the accessibility gap.”

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