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.

SmartMetric Announces the Inclusion of Anti-Spoofing Technology for Its On The Card Fingerprint Sensor Using Real Time Liveness Detection for the SmartMetric Biometric Credit and Debit Cards

NEW YORK–(BUSINESS WIRE)–#ameritrade–SmartMetric, Inc. (OTCQB: SMME): SmartMetric has invented a hardware and software solution that detects whether or not the finger being used to activate the card is from an actual person or not. This “liveness detection” technology developed by SmartMetric is designed to defeat attempted fingerprint spoofing using such things as a copy of […]

WNS Recognized as a ‘Leader’ in Insurance by ISG

NEW YORK & MUMBAI, India–(BUSINESS WIRE)–#BPM–WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced that the company has been recognized as a ‘Leader’ in all three categories by Information Services Group (ISG) in the ISG Provider Lens™ Insurance BPO Services U.S. Quadrant Report for 2020. WNS was […]

ICE Benchmark Administration Consults on Potential Cessation of ICE Swap Rate® based on GBP LIBOR®

LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited (“IBA”) has published a consultation on its intention to cease the publication of ICE Swap Rate® settings based on GBP LIBOR®. Following the FCA’s announcement on March 5, 2021 regarding the future cessation […]

North Texas’ ZYYAH Bringing Home Management by App to PropTech and Insurtech

DALLAS–(BUSINESS WIRE)–#dallas–After completing another successful round of multi-million dollar funding, North Texas’ ZYYAH is preparing for the impending full launch of its app, currently in its limited beta release, pioneering a new frontier in complete digital home management. At its core, the company, founded by chief executive officer Bret Hatfield, a technologist; Kris Goggans, a […]

Ahead Financials Integrates FinHealthCheck to Help Customers Understand their Financial Health Needs

Research Shows Two-thirds of Americans are Financially Unhealthy OAKLAND, Calif.–(BUSINESS WIRE)–#finhealth–Today, Ahead Financials, a visionary fintech company at the forefront of defining and improving financial equity and inclusion, announced that the Financial Health Network’s FinHealthCheck insights and measurement platform has been integrated into Ahead’s digital banking platform. “Many Americans will feel the financial fallout of […]

Payments Solutions From Kyriba Achieve SAP® Certifications for Integration With SAP NetWeaver® and SAP S/4HANA®

Certifications Help Accelerate ERP Implementation and Reduce Risk with Access to 45,000 Payments Formats Out of the Box with AI-based Payments Fraud Protection for CFOs and IT Leaders Through Interoperability with SAP® Solutions SAN DIEGO–(BUSINESS WIRE)–Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, today announced its Kyriba Payment Network 20.10 for […]

QED Investors Announces $12 Million Fund for Seed and Pre-Seed Startups in Latin America

ALEXANDRIA, Va.–(BUSINESS WIRE)–QED Investors today announced it closed a $12 million network-driven fund to support seed and pre-seed fintech startups in Latin America. Named Fontes, the Latin word for fountains, the fund will expand QED’s reach across geographies, business models and teams. Commitments to Fontes come largely from QED’s deep network within Latin America – […]

Workiva Supports Reintroduction of the Financial Transparency Act in the U.S. House of Representatives

Bipartisan Bill Promises to Reduce Regulatory Burdens and Create Trusted Transparency in Federal Government Data AMES, Iowa–(BUSINESS WIRE)–$WK #ConnectedData—Workiva Inc. (NYSE:WK), today announced its support of the reintroduction of the Financial Transparency Act (FTA) (H.R. 2989) in the 117th U.S. Congress by Reps. Carolyn Maloney (D-NY) and Patrick McHenry (R-NC). The FTA proposes the establishment […]

ICE Mortgage Technology Millennial Tracker Finds Millennial Purchase Activity Increases, Even as Rates Rise

PLEASANTON, Calif.–(BUSINESS WIRE)–ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today shared that according to the ICE Mortgage Technology™ Millennial Tracker purchase activity among millennials increased in March, even as interest rates rose for the first time since October 2020. Purchase activity represented […]

Axos Bank Business Interest Checking Named America’s Best Business Checking Account

After evaluating more than 260 small business checking and savings accounts, WalletHub’s editors say Axos’ Business Interest Checking comes out on top SAN DIEGO–(BUSINESS WIRE)–#axosforbiz–Axos Bank’s Business Interest Checking is America’s Best Business Checking Account Overall, editors of the personal finance website WalletHub said after evaluating more than 260 checking and savings accounts geared for […]

Q2 Releases Inaugural Environmental, Social and Corporate Governance (ESG) Report

Report highlights how Q2 has been fulfilling its mission and addressing ESG issues that matter to its business and stakeholders AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, today released its first Environmental, Social and Governance (ESG) report. The report highlights how the company is […]

Marqeta Partners With Afterpay For In-store Digital Card Offering in Australia and New Zealand

Marqeta’s innovative tokenization technology and modern card issuing platform will support Afterpay’s in-store digital card. MELBOURNE, Australia–(BUSINESS WIRE)–Marqeta, the global modern card issuing platform, announced today it has partnered with Afterpay to issue “virtual cards” as part of its in-store solution in the ANZ market. Afterpay has transformed the way people pay by giving shoppers […]

Truffle Capital & The Institut Pasteur Create SpikImm to Develop Monoclonal Antibodies as an Innovative Treatment For Covid-19

PARIS–(BUSINESS WIRE)–The new biotech start-up, SpikImm SAS, created by Truffle Capital, has recently signed an exclusive worldwide license agreement with the Institut Pasteur for the development of anti-SARS-CoV-2 (Covid-19) monoclonal antibodies for therapeutic and diagnostic use. Monoclonal antibody therapy is one of the most innovative ways currently available to treat Covid-19 patients and prevent severe […]

ClearBank Boosts Transaction Screening Capabilities With RegTech Napier’s Advanced Screening Platform

LONDON–(BUSINESS WIRE)–Napier, the London-based provider of next-generation anti-financial crime compliance solutions, has announced that it will be providing ClearBank, the cloud-based clearing bank, with its advanced Transaction Screening system. As a purpose-built, technology-enabled clearing bank, ClearBank offers cloud-based banking services to financial service providers, FCA-regulated businesses and fintechs. Its new Transaction Screening system, built on […]

FINEOS Acquires Spraoi

Adding a More Enhanced Digital Experience and Machine Learning to The ONE Purpose Built, End-To-End SaaS Platform for Global Life, Accident and Health Insurers ATLANTA–(BUSINESS WIRE)–#DigitalTransformation—FINEOS Corporation (ASX:FCL), the global market leader in core systems for life, accident and health insurance, has entered into an agreement to acquire Spraoi, a leading provider of machine learning […]

StratiFi & Redtail Announce Integration Partnership

The integration will provide shared users access to StratiFi’s PRISM Rating™ technology via single sign-on through their Redtail credentials SAN FRANCISCO–(BUSINESS WIRE)–StratiFi, developer of award-winning PRISM Rating™ technology for RIAs, Investment Managers, and BDs, today announces a new partnership with Redtail Technology (“Redtail”), the leading CRM technology provider for financial advisors. The integration between the […]

Bitcoin in Your Bank Account? FIS, NYDIG Partner to Enable Banks to Offer Their Customers the Ability to Buy, Sell and Hold Bitcoin

Key facts Industry-first solution for FIS’ core banking clients enables them to offer their customers the ability to buy, sell and hold bitcoin. FIS’ Digital One™ Mobile will provide a user-friendly interface connecting consumers seamlessly in-app with bitcoin trading services. NYDIG will provide a secure, regulated custodial and trading platform for bitcoin transactions. JACKSONVILLE, Fla.–(BUSINESS […]

Bitso Reaches Unicorn Status and Becomes One of the Most Valuable Fintechs in Latin America

Bitso raises a US$250 million Series C from an all-star group of investors including Tiger Global, Coatue, Paradigm, BOND, Valor Capital Group, QED, Pantera Capital, and Kaszek With a US$2.2 billion valuation, Bitso becomes one of the most valuable Fintech companies and the most valuable Crypto Platform in the region Funds will be used to […]

Tipalti Expands ERP Integrations to Ensure All Fast-Growth Businesses Can Benefit From Automation Throughout the Entire Accounts Payables Cycle

B2B fintech solution now seamlessly integrates with any ERP system SAN MATEO, Calif.–(BUSINESS WIRE)–Tipalti, the leading global payables automation platform, has announced that it can now integrate with any Enterprise Resource Planning (ERP) system. Notable ERP integrations include Microsoft Dynamics 365 Business Central, Microsoft Dynamics NAV, Microsoft Dynamics GP, QuickBooks Desktop, Xero, Sage 50, Sage […]

Paiblock Introduces Fully-revamped Digital Assistant to Help Consumers Make Smart Financial Decisions.

COPENHAGEN, Denmark–(BUSINESS WIRE)–#AI–Paiblock, a Global FinTech company today announced that it has launched a fully-revamped personal assistant to help consumers make smarter decisions about saving, spending, borrowing and investing. “Paiblock’s digital assistant is designed to help consumers make good financial decisions.” says Mark Arthur, Founder and CEO of Paiblock. “Keeping a tight leash on spending […]

HUBUC partners with ComplyAdvantage to enhance its compliance capabilities

 Embedded finance provider HUBUC bolsters its compliance capabilities by partnering with ComplyAdvantage to benefit from its global, fast and up-to-date screening of entities and transactions. Compliance is a key part of HUBUC’s platform offering – saving its business clients the cost and time associated with managing in-house. The partnership will provide compliance and security functions, […]

Workato Commits Further Investment in EMEA After 289% Surge in Usage Over Last 12 Months in the Region

The enterprise automation platform launches new GDPR-compliant data centre in Frankfurt in response to soaring demand for its platform from businesses in EMEA BARCELONA, Spain–(BUSINESS WIRE)–#GDPR—Workato, the leading enterprise automation platform, has today launched its first EMEA data centre in Frankfurt, Germany. The new data centre has been set up in response to exceptionally strong […]

Anti-Money Laundering Startup First AML Launches Australian Operations

SYDNEY–(BUSINESS WIRE)–#Australia–Anti-money laundering tech startup First AML has launched in Australia after experiencing increased demand from the nation’s growing VC community for solutions that help them manage compliance requirements. The second tranche of AML legislation is expected to hit Australia within the next two years, but First AML is already gaining traction in the market, […]

WallStreetBets Launches Blockchain-powered Application to Decentralize Indices

 Grassroots movement is creating exchange-traded portfolios (ETPs) for maximizing access and rooting out corruption NEW YORK–(BUSINESS WIRE)–WallStreetBets, the iconic grassroots movement that gained international prominence by bringing powerful hedge funds to their knees, announced today plans for using blockchain technology in a product aimed at combating market manipulation in traditional finance. The step towards blockchain-based […]

The Bancorp, Inc. Selected to Join The S&P SmallCap 600® Index

WILMINGTON, Del.–(BUSINESS WIRE)–The Bancorp, Inc. (“The Bancorp”) (Nasdaq: TBBK) today announced that it will be added to the S&P SmallCap 600 Index, effective May 7, 2021. The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market and consists of 600 domestic stocks selected by Standard & Poor’s Index Committee based on several […]

Transact Introduces New CampusPay for Cashiering

Secure Solution Makes Transact a One-Stop-Shop for Taking and Processing Any Campus Payment PHOENIX–(BUSINESS WIRE)–#edtech—Transact, the leader in innovative payment solutions for a connected campus, today announced the launch of its new Transact CampusPay for Cashiering service that enables higher education institutions to securely process online and in-person payments with PCI validated processes and Point-to-Point […]

Nonprofit SaverLife Drives a Half-Million Americans to Focus on Saving for the Future

By making saving engaging, rewarding, and fun, SaverLife members build long-term financial health and stability SAN FRANCISCO–(BUSINESS WIRE)–#SaverLife–The pandemic has compelled people to save at record levels not seen since the 1970s—a goal shared by an online group of primarily working-class individuals who have become members of the national nonprofit fintech company SaverLife. Since 2002, […]

At-Bay Enhances Tech E&O Experience to Expedite Quoting Process

New offering brings expanded appetite, intuitive application to digital platform SAN FRANCISCO–(BUSINESS WIRE)–#cyberinsurance–At-Bay, the insurance company for the digital age, today launched a new Technology Errors and Omissions quoting experience with an intuitive online application and an expanded auto-quote appetite. At-Bay’s enhanced Tech E&O quoting journey provides wholesale brokers with an easy way to get […]

Despite the Pandemic Access Finance Continues Its Geoexpansion Launching Operations in Spain Under Its AXI Card Brand

The company’s already targeting another Western European market as well as the US SOFIA, Bulgaria–(BUSINESS WIRE)–#AccessFinance–Access Finance, part of the portfolio of Management Financial Group (MFG), launched its operations in Spain in the beginning of February 2021 under the brand AXI Card. In its first two months more than 16 000 clients applied for an […]

Potomac’s Model Portfolios Attain Meteoric Asset Growth

The Strategist’s Assets Near an Eye-Popping 1,000% YOY Growth Rate. MIAMI–(BUSINESS WIRE)–$ENV #Envestnet—Potomac Fund Management, Inc. (“Potomac”), a boutique investment strategist, is pleased to announce that the assets in its product suite on the Envestnet platform have risen by almost 1,000% since March 2020. Financial advisors are searching more and more for risk mitigation options […]

Fidelity Model Portfolios Now Available Through 55ip

Collaboration combines Fidelity’s portfolio management capabilities with 55ip’s tax-smart technology BOSTON–(BUSINESS WIRE)–55ip today announced that advisors now have access to Fidelity InstitutionalSM’s professionally managed model portfolios, combined with 55ip’s ActiveTax Technology®, to help advisors add scale and efficiency to their practices. In addition, 55ip’s existing integration with Fidelity’s custodial platform has been enhanced to make […]

In an Industry Milestone, Dynasty Financial Partners Launches New Initiative to Make Minority Investments in Network Partner RIAs

Dynasty Adds More Deal Execution Experience to Its Board with the Naming of Rebecca Zeitels Alcalay as a Board Member ST. PETERSBURG, Fla.–(BUSINESS WIRE)–Dynasty Financial Partners today announced that, effective immediately, Rebecca Zeitels Alcalay will become a Member of the Board of Directors of Dynasty Financial Partners. In addition to the appointment of Ms. Alcalay […]

Flyer Rolls Out Advanced Trading Capabilities to Advisors Using Morningstar Total Rebalance Expert

NEW YORK–(BUSINESS WIRE)–Flyer, the leading provider of trading tools, connectivity, and infrastructure for the wealth management industry, today announced the rapid integration of Co-Pilot, Flyer’s securities trading API with Morningstar® Total Rebalance Expert® (TRX), the tax-efficient portfolio rebalancing platform, designed to bring faster trade execution and a seamless user experience to financial advisors. From start […]

A.R. Thane Ritchie Joins Dr. Sylvia Earle and Mission Blue in Ocean Conservation Initiative

Project Ocean Conservation launches to build awareness about oceans in peril WILMINGTON, Del.–(BUSINESS WIRE)–#ESG–In partnership with The Sylvia Earle Alliance / Mission Blue, A.R. Thane Ritchie announces the launch of Project Ocean Conservation, a public awareness campaign focused on the health of the ocean. Project Ocean Conservation joins Ritchie’s five other pillars of industry—quantum computing, […]

Lane Health Launches Innovative Health Savings Account Integrated with Next Generation Credit Product from WebBank

SALT LAKE CITY–(BUSINESS WIRE)–Lane Health Inc. (“Lane”) today announced that it is launching an innovative Health Savings Account (HSA). Offered through participating employers, the Lane HSA includes an Advance feature that works like a line of credit through the HSA that employees can use to pay for qualified medical expenditures. The Lane Health “Card with […]

Financial Technology Association Welcomes New Members

Klarna, Truework, Nium, Sezzle join cross-section of fintech leaders focused on advancing modern, consumer-centric regulation WASHINGTON–(BUSINESS WIRE)–The Financial Technology Association (“FTA”) announced that Klarna, Truework, Nium, and Sezzle have become the newest members of the trade group. With these new members, FTA expands and deepens its broad representation of the fintech industry ranging from leaders […]

Top Brokers Call Technology the Big Post-Covid Agency Challenge

Insurtech/Online Competition; Claims Management; Data Security; Antiquated Systems cited. PLANO, Texas–(BUSINESS WIRE)–#claimsmanagement–Technology issues continue to be the prevalent challenge facing the largest insurance brokers in the coming year, according to a panel of senior executives at the 50 largest insurance brokerage firms, in a survey conducted by Browne & Mohan, and sponsored by Exdion Solutions. […]

Leading Social Investing App Invstr Launches Crypto Trading in Partnership with Vast Bank and through the Coinbase Exchange

Financial Education & Investing App Offers Commission-Free Crypto Trading Through a Nationally Regulated Bank, Providing Additional Trust for New Investors in the Crypto Economy NEW YORK–(BUSINESS WIRE)–Award-winning social investment app Invstr announces the launch of cryptocurrency trading through a new partnership with Vast Bank and leveraging the Coinbase exchange platform for trading. Invstr members in […]

SRAX Announces Sequire Platform Has Over 5 Million Retail Investors

LOS ANGELES–(BUSINESS WIRE)–SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced that Sequire has grown to over 5 million retail investors. The Sequire platform is an operating system utilized by publicly traded companies to track their shareholders’ behaviors and trends, […]

Nominations Open for 2021 IDC FinTech Rankings & Real Results

Annual rankings serve as de facto resource for banks, insurance companies, and capital markets firms making critical IT buying decisions NEEDHAM, Mass.–(BUSINESS WIRE)–#IDCFinTechRankings–Nominations are now open for the 18th annual IDC FinTech Rankings and 7th annual IDC FinTech Rankings Real Results 2021. For almost two decades, IDC Financial Insights has evaluated the revenues of the […]

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