Business Wire


GoHenry 2022 Youth Economy Report Reveals New Earning Habits of Kids in the U.S.

Gen Z and Gen Alpha are finding innovative ways to earn more money, such as through online gaming, selling things online and investing in cryptocurrency One in four kids aspire to start their own business NEW YORK–(BUSINESS WIRE)–GoHenry, a pioneer in kids’ debit cards, money management, and financial education, today released their 2022 Youth Economy […]

Payrailz Provides Smarter, Faster Payments Through Alkami Digital Banking Platform

GLASTONBURY, Conn.–(BUSINESS WIRE)–Payrailz®, a digital payments company offering smarter, more engaging payment experiences to banks and credit unions across the United States, announced that its payment services will now be available through the Alkami platform. Through this partnership, financial institutions on the Alkami platform will now be able to deliver Payrailz’ smarter and more engaging […]

Sentiment Analysis and Trading Analytics Firm Advanced Logic Analytics Has Secured Six-figure Funding From Accomplish Financial

LONDON–(BUSINESS WIRE)–#Hedgefund–Advanced Logic Analytics Ltd (ALA), is pleased to announce that it has secured six-figure funding from London-based fintech, Accomplish Financial Limited. Guy Raymond El Khoury, CEO of Accomplish Financial, stated: “Accomplish is very excited to support Advanced Logic Analytics on its quest to become the standard in sentiment analytics. ALA’s artificial intelligence expertise has […]

New Cloud Security Alliance Report Highlights Factors to Consider When Designing Blockchain Solutions That Operate Within Critical Sectors

Paper provides insights into the three layers of distributed ledger technology and how they interact with enterprise security services to deliver specific security outcomes SEATTLE–(BUSINESS WIRE)–#blockchain–The Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today released the Blockchain/Distributed Ledger […]

ARCOS Names Odus Wittenburg as Its Next CEO, Succeeding Bruce Duff

COLUMBUS, Ohio–(BUSINESS WIRE)–ARCOS® LLC, the market leader for utility and critical infrastructure resource-management solutions, has named Odus “Boogie” Wittenburg – a veteran at building and leading fast-growing, innovative publicly traded and private technology firms – as the company’s CEO effective immediately. Wittenburg succeeds Bruce Duff who, after 10 years as CEO of ARCOS and 40 […]

Industry-First Laminar Cloud Data Security Platform Now Generally Available

Built on a major architectural breakthrough, the solution fills a major gap in the cloud security market by monitoring and protecting public cloud data – not just infrastructure TEL AVIV & NEW YORK–(BUSINESS WIRE)–#Laminar—Laminar, a public cloud data security provider, today announced the general availability of the Laminar Cloud Data Security Platform. While many cloud […]

XTM to Roll-Out 100,000 Mobile Wallets and Virtual Debit Cards Across the United States

XTM Will Deliver Partner Payroll Recipients With Mobile Wallet, Opt-In Virtual Debit Card and Portal Access to W2s MIAMI & TORONTO–(BUSINESS WIRE)–XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to […]

UK FinTech Storfund Hires Amazon Executive To Drive Expansion

As the business expands to major marketplaces worldwide, Storfund has made several market leading hires LONDON–(BUSINESS WIRE)–Increasing recognition that ecommerce has a cashflow problem has seen Storfund expand to new marketplaces – and embark on a hiring spree. Storfund, a leading UK fintech, offers retailers immediate payment on sales, eliminating the long wait for payment […]

Stronghold Launches $100 Million Investment Fund

Stronghold Capital’s investments will expand founder representation and access in fintech innovation SAN FRANCISCO–(BUSINESS WIRE)–Stronghold, a payments and financial infrastructure company, has launched Stronghold Capital to invest $100 Million in pioneering companies and funds across three core areas: overlooked and underrepresented founders and fund managers, the payments and fintech ecosystem, and the Web3 and blockchain […]

EML Reports Record GDV Of $31.6BN And Revenues Of $114.4M For The First Half Of FY22

Group Gross Debit Volume of $31.6 billion, up 209% on PCP; Group Revenue1 of $114.4 million, up 20% on PCP; Group Underlying EBITDA2 of $26.9 million, down 4% on PCP; Group Underlying NPATA of $13.1 million, up 6% on PCP; Underlying operating cash inflows of $14.7 million, down 58% on PCP due to timing of […]

Western Union Expands in South Korea with Travel Wallet

Collaboration will Enable Customers to Send and Receive Western Union Money Transfers on the Travel Wallet app SEOUL, South Korea–(BUSINESS WIRE)–Western Union, a global leader in cross-border, cross-currency money movement and payments, and Travel Wallet, one of the leading fintech companies in the country, have announced the launch of Western Union money transfer services on […]

Central Minnesota Credit Union to Become Magnifi Financial

Name and visual identity change reflects expanding business, customer focus MELROSE, Minn.–(BUSINESS WIRE)–Central Minnesota Credit Union (CMCU), a member-owned financial services cooperative, announced that it is changing its name to Magnifi Financial, effective March 1. As part of the transition, CMCU will unveil a new visual identity, including logo, signage, website and advertising. Magnifi Financial […]

SIMON Announces Strategic Investment from Citi

Citi is the latest market participant to make a strategic investment in SIMON, deepening the partnership between the two firms NEW YORK–(BUSINESS WIRE)–#FinTech—SIMON Markets LLC (SIMON), a fintech company that offers an end-to-end digital suite of tools to help financial professionals understand, manage, and analyze complex alternative investment products, today announced Citi as its latest […]

Altada Continues Momentum in Market for Data-Driven Decision Making

Ireland’s Leader in AI Builds U.S. Presence With San Francisco Location as Global Demand for Its Fintech, Travel/Security and Healthcare Solutions Grows CORK, Ireland & NEW YORK–(BUSINESS WIRE)–Altada Technology Solutions, a global provider of artificial intelligence (AI) solutions that supercharge data-driven decision making in the financial services, travel/security and healthcare sectors, today announced its recent […]

tastytrade Podcast Host and Research Analyst, Ms. Julia Spina, Pens “The Unlucky Investor’s Guide to Options Trading”

The Unlucky Investor’s Guide to Options Trading shares the fundamentals of applied options trading to empower ambitious traders–minimal luck needed Published by Wiley, this approachable and actionable guide to options trading is available for pre-order now and is set to release on February 23rd CHICAGO–(BUSINESS WIRE)–#optionstrading–New opportunities for retail investors to engage with the market […]

Skience Launches New Surveillance Solution

National network Lion Street will be first adopter of the configurable platform that allows easy collaboration along with quick and seamless regulatory adaption HERNDON, Va. & AUSTIN, Texas–(BUSINESS WIRE)–#Clearing—Skience, a leading financial services solution and consulting provider, has debuted its brand-new Surveillance Solution, a tool that allows firms to define approval and exception workflows that […]

Galileo’s Technology Powers H&R Block’s New Mobile Banking App, Spruce

Full-suite app leverages Galileo’s powerful financial technology platform and flexible APIs to create seamless digital banking experiences for customers SALT LAKE CITY–(BUSINESS WIRE)–Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced that its API-enabled financial technology powers Spruce℠, the mobile banking platform1 built by […]

Autonomous Commerce Leader JAGGAER Announces Partnership with Payments-as-a-Service Fintech Finexio

JAGGAER Pay Enhances Source-to-Pay Offering with Automated Accounts Payable Solution RESEARCH TRIANGLE, N.C. & ORLANDO, Fla.–(BUSINESS WIRE)–JAGGAER, the global leader in Autonomous Commerce, and Finexio, the fast-growing digital Accounts Payable (AP) payments-as-a-service company, today announced a strategic partnership that expands JAGGAER’s offerings to include a service-centric solution to simplify and optimize business-to-business (B2B) payments. Branded […]

Fortanix Reports Stellar Year with Record Sales and Customer Wins

Confidential Computing leader fuels growth with powerful new offerings and strategic partnerships, including investment from In-Q-Tel MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Fortanix® Inc., the data-first multicloud security™ company, today announced another record year for sales, customer wins and workforce expansion. During the fiscal year ended Jan 31, 2022, Fortanix sales grew 2.5X, the number of customers doubled, […]

Morgan Stanley Selects 8 Startups for 7th Cohort of Multicultural Innovation Lab Supporting Diverse Founders

The Winter 2022 Multicultural Innovation Lab (MCIL) Cohort includes the following companies that have innovative strategies across sectors such as fintech, education, energy, ecommerce, behavioral health and software: BrandXR, Cognitive Talent Solutions, Lab4U, Meytier, Notice Ninja, OPTT, Sesame Solar and TIDY App MCIL portfolio companies reach more than $515M combined valuation and have raised over […]

Boost Insurance Powers First and Only Crypto Wallet Insurance Product for Retail Investors

Breach Insurance leveraged Boost’s infrastructure-as-a-service platform to develop the only crypto insurance product available to retail wallet holders NEW YORK–(BUSINESS WIRE)–Boost Insurance (“Boost”) alongside go-to-market partner, Breach Insurance (“Breach”), an insurtech that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, the first insurance product for […]

Rocket Financial Inc. Selects Scienaptic’s AI-Powered Platform For RocketBNK

NEW YORK–(BUSINESS WIRE)–#AI–Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Rocket Financial Inc. has selected its platform to launch its new product RocketBNK. Rocket Financial delivers technology-led products and services that directly innovate within the payments and banking markets. The company’s latest product, RocketBNK, serves a variety of financial features such […]

Kyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management Platform

SAN DIEGO & MILAN–(BUSINESS WIRE)–Kyriba (“the Company”), a global leader in cloud treasury, payments and finance solutions, today announced that Barilla, a leading global food company, has selected the Company’s Enterprise Liquidity Management platform to support its treasury, risk management and supply chain finance operations. The integration will centralize Barilla’s multiple supply chain finance programs […]

Hildred Capital Management Closes Hildred Equity Partners II Fund at $363 Million

Oversubscribed Debut Institutional Fund Reinforces Hildred’s Commitment to Healthcare Middle Market NEW YORK–(BUSINESS WIRE)–Hildred Capital Management LLC (“Hildred”), a New York based private equity firm, today announced that it has closed its first institutional fund, Hildred Equity Partners II (the “Fund”) with total commitments of $362.5 million, exceeding its target. Hildred will continue to focus […]

MOCA Financial Enhances Its Digital-First NextGen Card-Based Payment Platform With Atomic’s Automated Direct Deposit Acquisition Solution

MOCA clients can now provide a seamless, easy method for their customers to switch their payroll direct deposits to their client-branded MOCA accounts and get paid up to 2 days early AUSTIN, Texas–(BUSINESS WIRE)–MOCA, a Digital-First Next-Generation Card-Based Payment Platform provider, is pleased to announce that it has partnered with Atomic to provide automated direct […]

Akur8 Teams up With Pet Health Unicorn Bought By Many / ManyPets

PARIS & NEW YORK & LONDON–(BUSINESS WIRE)–Akur8 is pleased to announce the collaboration with pet health and insurance company Bought By Many to help boost the insurtech’s pricing capabilities. Through the partnership, Akur8 reinforces its presence in the UK, and further expands its area of expertise with a new line of business: pet health and […]

IMM Accelerating Digital Transformation into 2022

It’s a new year, and IMM is still the number one eSignature partner for financial institutions RAHWAY, N.J.–(BUSINESS WIRE)–#banks—IMM, the only eSignature provider specializing in eSignature and digital transaction solutions exclusively for financial institutions (FIs), announced today more than 1,600 FIs now use IMM’s products and solutions for eSignatures, which reflects a growth in the […]

Mastercard Expands Consulting with Practices Dedicated to Crypto, Open Banking and ESG

PURCHASE, N.Y.–(BUSINESS WIRE)–#consulting–The business world is facing an influx of innovation: changing consumer preferences, rapid digital transformation and geopolitical shifts. To help businesses evolve and supercharge their growth enterprise-wide, Mastercard today announced that it is expanding its preeminent payments-focused consulting service with new practices dedicated to Open Banking, Open Data, Crypto & Digital Currencies, and […]

Sharegain Accelerates Global Growth by Raising a $64 Million Series B Led by WestCap

Sharegain is democratizing the $3T securities lending industry with its SLaaS (Securities Lending as a Service) solution LONDON–(BUSINESS WIRE)–#capitalmarkets—Sharegain, a leading capital markets infrastructure fintech, today announced it has raised $64 million in a series B round led by WestCap and joined by Citi, EJF Capital LLC and Optiver PSI. Participating existing investors include Maverick […]

Miami Mayor Suarez and New York City Mayor Eric Adams to Headline “Data 3.0 for Web 3.0” Symposium Hosted by Inveniam, Apex Group, and Cushman & Wakefield

The event will also feature a suite of executives from Cushman & Wakefield, Apex Group, as well as former SEC Commissioner Troy Paredes and more innovators, exploring opportunities in decentralization, data, private assets, and blockchain technology. MIAMI–(BUSINESS WIRE)–Inveniam Capital Partners, Inc. (“Inveniam”), a SaaS company enabling businesses to deliver trust, transparency, and completeness of private […]

Momentum Builds for First Bermuda Risk Summit

BDA Welcomes Streamlined Arrival Protocols into Bermuda Effective March 7 HAMILTON, Bermuda–(BUSINESS WIRE)–#BermudaRiskSummit–The Bermuda Business Development Agency (BDA) is excited to announce that additional international speakers and partners will participate in Bermuda’s first major in-person risk event since 2019, the Bermuda Risk Summit being held March 14-16, 2022. The BDA also welcomes recent announcements by […]

F1 Payments Changes its Name to Corvia

AUSTIN, Texas–(BUSINESS WIRE)–#Corvia–F1 Payments, a fintech company focused on making the complex simple by complementing world-class technology with strong business and regulatory acumen, announced it is changing its name to Corvia effective today. Recognizing a strong and exciting growth trajectory, the name change, along with new visual identity and brand story, better reflects how the […]

 Synctera Launches First Community Bank With FinTech Partner

 The FinTech banking solution achieves new milestone by matching Lineage Bank with FinTech-meets-HealthTech platform GoGetr SAN FRANCISCO–(BUSINESS WIRE)–Synctera, a new solution for partnership banking at scale, today announced its first launch between Lineage Bank and GoGetr using Synctera’s platform. Synctera provides the platform, experiences, and programs for FinTech builders to create world-class products and facilitates […]

ICE Mortgage Technology Announces 2022 Innovation Award Winners

Award Winners to be Honored at ICE Experience Conference in March PLEASANTON, Calif.–(BUSINESS WIRE)–ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the winners of its 2022 ICE Mortgage Technology Innovation Awards. The ICE Mortgage Technology Innovation Awards recognize the most creative […]

North Carolina Housing Authorities Risk Retention Pool (NCHARRP) Selects & Implements the Insurium P&C Insurance Platform

Risk Retention Pool Selects & Successfully Implements Insurium Connections Insurance Platform DENVER–(BUSINESS WIRE)–#bowrivercapital–Insurium, a market-leading cloud-based core P&C commercial insurance software platform, announced that North Carolina Housing Authorities Risk Retention Pool (NCHARRP) has selected and successfully implemented the Insurium Connections™ policy administration suite. Insurium’s solution will enable NCHARRP to expand on their commitment to provide […]

Pacific Premier Bank Ranked as the Third Best Bank in America by Forbes

IRVINE, Calif.–(BUSINESS WIRE)–$PPBI #PPBI–Pacific Premier Bancorp, Inc. (Nasdaq: PPBI) (“Pacific Premier”), the holding company of Pacific Premier Bank (the “Bank,” and together with Pacific Premier, the “Company”), announced today that the Company was ranked #3 on the Forbes’ list of “America’s Best Banks.” The prestigious list by Forbes’ evaluates the 100 largest publicly-traded banks and […]

Valliance Bank Chooses Bakkt to Offer Clients Access to Cryptocurrency

Valliance Bank diversifies digital banking experiences with new, modern approach by opening access for clients to buy, sell and hold cryptocurrencies ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform that enables consumers to buy, sell, send and spend a range of digital assets, today announced that Valliance Bank, a leading provider […]

MDT Expands Partnership with Advanced Fraud Solutions to Help Credit Unions Comply with WEB Debit Account Validation Rule

CUSO to offer TrueACH with Account Validation and TrueCards to better prevent fraud FARMINGTON HILLS, Mich.–(BUSINESS WIRE)–Member Driven Technologies (MDT), a CUSO that hosts the Episys® core processing system from Symitar® to provide a private cloud alternative for core processing and IT needs, today announced that it has expanded its partnership with Advanced Fraud Solutions […]

Northern Credit Union Now Live on Scienaptic’s AI-Powered Credit Decisioning Platform

More member approvals and better member experience for auto and loan portfolios NEW YORK–(BUSINESS WIRE)–#AI–Leading global AI-powered credit decision platform provider, Scienaptic AI announced that deployment of its platform at Northern Credit Union is now live. This deployment will enhance and augment Northern Credit Union’s credit decisioning and underwriting capabilities for new and prospective members. […]

BitNile Holdings Achieves Bitcoin Mining Production Milestone of More Than One Bitcoin per Day

LAS VEGAS–(BUSINESS WIRE)–$AGH #AmosKohn—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today published an unaudited update on its Bitcoin production activity. As expected, the most recent delivery of the S19j Pro Antminers have been installed at our Michigan data center thereby increasing BitNile’s average daily mining production to more […]