Business Wire


Press releases and announcements from the world of banking technology, fintech, payments and paytech, and the broader financial services sector, distributed by Business Wire.

The NAGA Group AG: Christian Angermayer’s Apeiron Investment Group and Fosun Join Forces to Further Drive NAGA Growth

NAGA has decided on a 10% capital increase with total proceeds of approximately EUR 22.7 million. Apeiron with Elevat3 venture strategy will acquire shares from Fosun and other existing shareholders to hold approx. 22% in NAGA NAGA on track for 100% revenue growth in 2021 Growth to be accelerated by additional financing HAMBURG, Germany–(BUSINESS WIRE)–NAGA […]

Zūm Rails Offers Enhanced Payment Security for Real-time Payments

TORONTO–(BUSINESS WIRE)–#fintech–Zūm Rails, a leader in open-banking and intelligent payment software, today announced a new set of anti-fraud tools to enhance the security of its Instant Deposit feature. Instant Deposit, enabled by Visa Direct, Visa’s real-time1 push payments platform and made available through Zūm’s financial institution, allows users to send and receive payments quickly. Canadian […]

Meet the World’s Fastest Keyboard – the New Razer Huntsman V2

Available in both full-sized and tenkeyless layouts, with near-zero input latency, best-in-class acoustics and unparalleled key feel, the new Huntsman V2 range delivers Razer’s most responsive, high-performance keyboards to date. IRVINE, Calif.–(BUSINESS WIRE)–#gaming–Razer™, the leading global lifestyle brand for gamers (Hong Kong Stock Code: 1337), today announced the Razer Huntsman V2 line, with a suite […]

Best’s Review Pre-Releases October Content

OLDWICK, N.J.–(BUSINESS WIRE)–Best’s Review has released preview content of next month’s issue. Find out what is covered in October’s Best’s Review: In “Maturing Auto Insurtech Segment Looks to Highlight Shopping Options, Education to Grow,” Best’s Review provides an overview of who’s who in the auto insurtech sector. “Live Entertainment Returns but With Some Big Insurance […]

Arvest Bank Collaborates with Tech Leaders Thought Machine and Accenture for Next Generation Core Banking Platform

FAYETTEVILLE, Ark.–(BUSINESS WIRE)–Arvest Bank (Arvest) today announced it is working with Thought Machine and Accenture to adopt a next generation core banking platform to support the bank’s multi-year transformation strategy. Thought Machine’s cloud-native core banking engine, Vault, will provide Arvest with the capabilities to build personalized, real-time banking services. “Since our founding nearly 60 years […]

Sila Smart Risk Management Translates into Instant ACH for Customers

PORTLAND, Ore.–(BUSINESS WIRE)–#PoweredbySila–Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that it has rolled out Instant ACH, a new service that uses state-of-the-art risk management to avail customers of funds from ACH debit transactions instantly. After passing a risk analysis, funds are immediately available to the end-user for […]

Socure Announces Industry-First Predictive Document and Identity Verification Solution with Unparalleled Precision and Multi-Dimensional Risk Insights

Solution Delivers Up to 98% Auto-Decision Rates for Increased Customer Conversions While Providing 99.5% Accuracy in Detecting Spoofing and Presentation Attacks NEW YORK–(BUSINESS WIRE)–Socure, the leading provider of digital identity verification and fraud solutions, announced the industry’s first predictive document and identity verification solution with native fraud risk signals and intelligence. Socure’s Predictive Document Verification […]

55ip Doubles Its Reach, Adds Comprehensive and Customizable Enhancements to Tax-Smart Solution

The tax-smart investment strategy engine’s enhanced functionality and integrations, coupled with strategic industry relationships, are fueling rapid advisor growth BOSTON–(BUSINESS WIRE)–55ip has marked significant year-to-date growth for its tax-smart investing strategy engine as a result of advisor-driven enhancements and new strategic relationships with industry-leading financial services firms. With an increased focus on tax strategy across […]

CynergisTek Announces 3-Year Cybersecurity Services Contract with Leading Sales Enablement Firm

Resilience Partner Program exhibits value among technology firms AUSTIN, Texas–(BUSINESS WIRE)–$CTEK #cyberresilience—Redspin, a division of CynergisTek (NYSE American: CTEK) announces a $300,000 multi-year Resilience Partner Program agreement to provide annual security risk assessments, penetration testing, and advisory services expanding its services outside of healthcare for a leading globally recognized sales enablement firm with nearly 2,000 […]

Revance to Showcase Data from Phase 3 ASPEN-1 Clinical Trial Evaluating Efficacy, Duration of Effect and Safety of DaxibotulinumtoxinA for Injection for Cervical Dystonia at International Parkinson and Movement Disorder Society Virtual Congress 2021

– ePoster and video presentation showcasing Phase 3 data to be shared – NASHVILLE, Tenn.–(BUSINESS WIRE)–Revance Therapeutics, Inc. (Nasdaq: RVNC) a biotechnology company focused on innovative aesthetic and therapeutic offerings, today announced that it will present an ePoster with a video poster presentation by Dr. Joseph Jankovic at the International Parkinson and Movement Disorder Society […]

World InsurTech Report 2021: Unprecedented Access to Capital Investment Fuels InsurTech and BigTech Maturity and Customer Adoption

For the first time, 50% of insurance customers are willing to consider coverage from new-age digital players, as incumbents seek strategic partnerships to remain competitive. PARIS–(BUSINESS WIRE)–Capgemini and Efma’s World InsurTech Report 2021, published today, reveals that InsurTechs and BigTech players are leveraging significant capital inflows to boost technological development and fuel innovation, turning up […]

EML and Nuapay Will Showcase A Payments Revolution At Money 20/20 Europe Next Week

Live and in-person, the EML and Nuapay teams will exhibit as sponsors of this year’s largest European fintech conference, Money 20/20 Europe, in Amsterdam from Sept. 21 to 23, where the show will operate at full capacity. LONDON–(BUSINESS WIRE)–EML Payments (ASX: EML) (S&P/ASX 200) and Nuapay will demonstrate a frictionless display of revolutionary payments and […]

HUBUC Joins Mastercard Fintech Express Program Fostering Innovation in the Fintech and B2B SaaS Sectors in Europe

As an official partner, HUBUC will help new Fintech and B2B SaaS products to emerge in Spain, Germany, France and other European countries BARCELONA, Spain–(BUSINESS WIRE)–#thehubucway–HUBUC, an embedded financial services powerhouse backed by Y-Combinator, is pleased to announce that it is now an official partner of Mastercard through the Fintech Express program. Mastercard works with […]

Centtrip Expands Into the United States to Revolutionize Expense Management

Centtrip, the global fintech providing expense management and card payment technology, has launched its platform, app, and card in the United States. The fintech has partnered with Adyen to provide its U.S. offering. Designed for the demands of highly mobile businesses, the Centtrip card offers some of the highest spend limits on the market. LONDON–(BUSINESS […]

10×1000 Launches “Flex” Fintech Program with Partners Worldwide to Bridge Global Digital Skills Gap and Drive Financial Inclusion

SHANGHAI–(BUSINESS WIRE)–Fintech training platform 10×1000 Tech for Inclusion announced that it will deepen its collaborations with partners worldwide, working with leading global organizations, tech investors, and industry organizations to offer a program that enables aspiring practitioners to learn from global experts at their own pace. Available from October through grants to over 1,000 learners, the […]

Ault Global Holdings Announces Entry into Purchase Agreement to Acquire an Additional 3,000 S19j Pro Antminers With a Deployment Timeline Beginning in October 2021

Company Authorizes Establishment of Crypto DeFi Focused Subsidiary, BitNile, to Drive Expansion and Progress in Bitcoin Mining and Data Center Operations LAS VEGAS–(BUSINESS WIRE)–$AGH #AP—Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”), announced today that its wholly owned subsidiary, Ault Alliance, Inc. (“Ault Alliance”), has entered into a purchase agreement […]

First Hedge Fund Specific Crypto Trading Platform Unveiled at SFOX

Platform Showcases First Integrated Post Trade Analysis Suite Ever For Crypto Trading, Tax Reporting, Flexible Settlement, Multi-Seat Accounts, Algorithms, Multiple Order Types All Help Funds Manage Sophisticated Trading and Reporting from One Platform SAN FRANCISCO–(BUSINESS WIRE)–SFOX (San Francisco Open Exchange), a digital asset prime broker that lets traders capitalize on investment opportunities by accessing global […]

i2c and Solid Partner to Offer Issuing-Processing Solutions via Fintech as a Service

Fintechs collaborate to simplify the adoption of payments capabilities through a single, fully integrated suite of services REDWOOD CITY, Calif.–(BUSINESS WIRE)–i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with Solid, a modern Fintech as a Service (FaaS) platform, to provide streamlined access to banking, payments, and card services […]

Q2 Helps Stanford Federal Credit Union Transform Its Digital Banking Experience

Q2 helps Stanford Federal Credit Union gamify member rewards dashboard, roll out new international wire transfer services and deliver a clean, modern interface AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced Silicon Valley-based Stanford Federal Credit Union (Stanford FCU) has partnered with Q2 to […]

Thales Partners with EVERING to Secure the Next-Generation of Wearable Fashion in Japan

EVERING, a fast-growing Japanese FinTech startup, launches its NFC ring, bringing the convenience of contactless payment to Japanese consumers, leveraging a “Less is Smart” philosophy. Thales’ to provide embedded security and contactless technology, as well as payment personalisation services to deliver trusted transactions with the smart ring. This first partnership with a technology start-up in […]

TomoCredit Raises $10 Million in Series A Funding to Help Build Credit for First Time Borrowers

The FICO-free credit card brings increased diversity to the consumer credit industry with a focus on cash flow, not on credit scores for customers SAN FRANCISCO–(BUSINESS WIRE)–TomoCredit, a fintech company offering a credit card focused on building a credit history for first-time borrowers, today announced a $10 million Series A funding round led by Kapor […]

OpenLegacy’s Digitally-Driven Integration Platform Delivers 353% ROI According to New Total Economic Impact Study

Study demonstrates the power of the OpenLegacy platform in driving significant benefits in cost of innovation and time-to-market PRINCETON, N.J.–(BUSINESS WIRE)–#fintech—OpenLegacy, which transforms monolithic mainframe systems into cloud-native building blocks of innovation, today announced findings from a newly published commissioned Total Economic Impact (TEI) study conducted by Forrester Consulting. The study determined that OpenLegacy’s Digital […]

WEX Signs New Fleet Card Agreement with the State of Minnesota

PORTLAND, Maine–(BUSINESS WIRE)–WEX (NYSE: WEX), a leading financial technology service provider, today announced it has been awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement. WEX is proud to expand its extensive government contract portfolio and continue working with state-wide fleets. NASPO ValuePoint is […]

Red House B2B Marketing Celebrates 20th Anniversary

ATLANTA–(BUSINESS WIRE)–#abm–Red House, an award-winning B2B marketing firm, is celebrating its 20th anniversary—or as clients might say, 20 years of results. Red House opened on March 1, 2001 in downtown Alpharetta, central to the B2B corporations that were situated along the area’s fiber optic infrastructure. After a couple of substantial account wins, the agency began […]

Fiserv and GalaxE.Solutions Bring Additional Tech Jobs, Training to Milwaukee

City’s underserved communities will benefit from expansion of workforce and community development via “Outsource to Milwaukee” MILWAUKEE–(BUSINESS WIRE)–#EthnicallyDiverse—Fiserv, a leading global provider of payments and financial services technology solutions based in Brookfield, Wis., and GalaxE.Solutions, a transformational technology services company, are collaborating to create local job opportunities through the GalaxE “Outsource to Milwaukee®” program. The […]

IRI and Banyan Partner to Unlock New Opportunities for Retailers and Consumers

Retailers obtain deeper understanding of their consumers and realize alternative revenue streams Consumers gain insight into spending history, enabling more-informed decision-making, and benefit from enhanced shopping experiences Partnership creates opportunity for $1.6 trillion in annual sales coverage to Banyan’s privacy-by-design data network CHICAGO & NEW YORK–(BUSINESS WIRE)–IRI®, a fast-growing, global leader in innovative solutions and […]

i2c Certifies on Mexico’s Prosa Payments Network

Addition of i2c signals company’s growth in region and provides greater market choice in issuing and processing American Express, Mastercard and Visa programs REDWOOD CITY, Calif.–(BUSINESS WIRE)–i2c Inc., a leading provider of digital payment and banking technology, today announced its certification with Mexican payments network, Prosa, providing local banks and fintechs greater choice in issuing […]

Mambu & Modyo Sign Partnership Agreement

Companies will work to accelerate digital transformation in Financial Institutions using Mambu’s Composable Banking Cloud and Modyo’s Next-Gen Digital Experience Platform MIAMI & AMSTERDAM–(BUSINESS WIRE)–It gives us great pleasure to announce today that Mambu and Modyo have signed a partnership agreement whereby Modyo will connect its core DXP to Mambu’s composable banking cloud platform. Modyo […]

SIMON Welcomes AIG Life & Retirement to Annuities Platform

Financial professionals can run powerful allocation analytics on AIG annuities in SIMON’s centralized Marketplace NEW YORK–(BUSINESS WIRE)–#annuities—SIMON Annuities and Insurance Services LLC (SIMON) today welcomes AIG Life & Retirement as the most recent carrier to join SIMON’s centralized Marketplace and premier platform for wealth managers. AIG Life & Retirement will have a broad selection of […]

William Blair Expands Investment Banking Footprint to Denver With Addition of Managing Director

DENVER & CHICAGO–(BUSINESS WIRE)–William Blair, the premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced the addition of Michael Nelson as managing director in the firm’s growing Technology investment banking team. Drawing on his deep fintech sector expertise and industry relationships, Nelson will play a pivotal role in […]

QED Investors Closes $1.05 Billion Fund VII

Oversubscribed Fund VII will Invest in Early and Growth-Stage Fintech Businesses ALEXANDRIA, Va.–(BUSINESS WIRE)–QED Investors, a leading global fintech venture capital firm, announced that it closed a significantly oversubscribed seventh fund (“Fund VII”), with capital commitments of $1.05 billion. Fund VII is comprised of a $550 million early stage fund and a $500 million growth-stage […]

UNest Integrates PayPal to Simplify How Parents Fund Kids’ Savings and Investment Accounts

— Marks one of the first-ever integrations of digital wallets into UTMAs/custodial accounts — NORTH HOLLYWOOD, Calif.–(BUSINESS WIRE)–UNest, the money app that allows parents to invest and save for their kids’ future, today announced an integration with PayPal. The collaboration will make it significantly easier for UNest members to fund their children’s investment and savings […]

Polygon Lists TORG on Their Cross-chain Bridge

The utility-focused cryptocurrency TORG pursues a platform independent direction for global reach DUBAI, United Arab Emirates–(BUSINESS WIRE)–#CoinPayments–TORG today announced a cross-chain bridge to Polygon – formerly Matic, an Ethereum scaling full-stack solution bringing mass adoption to the Ethereum platform. Initially launched on the Ethereum (ERC20) platform, TORG has become a multichain cryptocurrency, allowing its users […]

Xendit Secures $150 Million Series C to Build Out Digital Payment Infrastructure Across Southeast Asia

After a Year of Record Growth – and With Capital Infusion from Tiger Global Management, Accel, Amasia, and Goat Capital – Xendit Achieves Unicorn Status. JAKARTA, Indonesia–(BUSINESS WIRE)–Xendit, the fastest growing payments infrastructure for Southeast Asia, today announced a $150 million Series C that elevated the company to a short list of Southeast Asia unicorns. […]

Snowflake Launches the Financial Services Data Cloud to Accelerate Customer-Centric and Data-Driven Innovation in the Financial Services Industry

Financial Services Data Cloud enables businesses to build disruptive, customer-centric products and create new revenue streams while enabling compliance with the highest standards of security and governance Snowflake’s product revenue from customers in the financial services industry grew more than 100% YoY* Approximately 57% of Financial Services firms in the Fortune 500 are using Snowflake** […]

Discover Named Title Sponsor of NHL Winter Classic®

2022 Discover NHL Winter Classic® Will Feature St. Louis Blues at Minnesota Wild from Target Field, Saturday, January 1, Exclusively on TNT Multi-Faceted Partnership Includes Brand Integrations Surrounding the Discover NHL Winter Classic®, Second Intermission Report Sponsorship during Turner Sports’ Inaugural Season of NHL Coverage & Additional Content Elements throughout the Season ATLANTA & NEW […]

Vantage Selects Majesco Billing for P&C, Policy for P&C and Digital1st® Insurance as Foundational Platforms for Fueling Insight-Driven Underwriting

Majesco Billing for P&C was implemented in 9 weeks for wholesale billing MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced that 2020 startup, Vantage Group Holdings Ltd. (Vantage) is now live with Majesco Billing for P&C for its insurance segment, with plans to also implement Majesco […]

Outseer Protects $100 Billion in Payment Transactions Year-to-Date via 3-D Secure

New Outseer™ Fraud & Payments Report confirms 44% jump in 3-D Secure volume fueled by Card-not-Present explosion and imminent PSD2 mandate BEDFORD, Mass.–(BUSINESS WIRE)–#CNP–Outseer, the leader in payment authentication and monitoring solutions, has published its third quarter Fraud & Payments Report, confirming that a massive $100 billion in transactions in 2021 alone have been protected […]

Peach Finance Secures $20 Million in Series A Funding Led by Canapi Ventures

Funding to Accelerate New Credit Product Launches, Customer-focused Initiatives and Recruitment & Hiring Follows Rapid Customer Growth Since Inaugural Product Launch OAKLAND, Calif.–(BUSINESS WIRE)–Peach Finance (“Peach”), a modern SaaS-based loan servicing platform, today announced that it has raised $20 million in Series A funding. Canapi Ventures led the round with participation from existing and new […]

Fortuna Credit Launches New Multi-Lender Platform and Transforms the Lending Experience for Non-Prime Consumers and Lenders

SPARTANBURG, S.C.–(BUSINESS WIRE)–#fortunacredit–Every person is the architect of their own fortune. Fortuna Credit today announces the launch of a new platform that will transform the online lending marketplace and empower non-prime consumers to take control of their financial health. Operating online in all 50 states, Fortuna Credit is a multi-lender marketplace connecting consumers to financial […]

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