Business Wire

NYMBUS Partners with Payrailz to Offer Financial Institutions Faster Access to Enhanced Digital Payment Solutions thumbnail

NYMBUS Partners with Payrailz to Offer Financial Institutions Faster Access to Enhanced Digital Payment Solutions

MIAMI–(BUSINESS WIRE)–NYMBUS®, a provider of the world’s most advanced financial services platform, today announced a new partnership with digital payments company Payrailz® to further enhance NYMBUS’ cloud-based SmartEcosystem™ of digital-first banking products and services. A revolutionary alternative to the legacy business model, NYMBUS has disrupted the market by allowing every size of financial institution to […]

ChartIQ to Rebrand as Cosaic, Sees Bright Future in Workflow Innovation thumbnail

ChartIQ to Rebrand as Cosaic, Sees Bright Future in Workflow Innovation

By bringing together ChartIQ and Finsemble, fintech company plans to lead the charge on revolutionizing end-user workflow for finance and beyond. CHARLOTTESVILLE, Va.–(BUSINESS WIRE)–Financial technology company ChartIQ, today unveiled a new company name and logo, Cosaic, bringing together its charting software, ChartIQ, and smart desktop platform, Finsemble, under one brand. The name reflects the company […]

Alacriti Now a SWIFT Customer Security Program Partner thumbnail

Alacriti Now a SWIFT Customer Security Program Partner

New Consulting Services Designed to Help SWIFT Customers Adhere to CSP Standards and Prepare for Audits PISCATAWAY, N.J.–(BUSINESS WIRE)–#cybercrime—Alacriti, a fintech company specializing in payments, technology outsourcing, and consulting, today announced that it has become a SWIFT Customer Security Program (CSP) partner. The company will begin offering consulting services to help SWIFT’s banking and securities […]

Omniscience Technology Chosen by Major Japanese Life Insurance Company thumbnail

Omniscience Technology Chosen by Major Japanese Life Insurance Company

Sompo Himawari Uses Omniscience Artificial Intelligence as Part of new Consumer Service PALO ALTO, Calif.–(BUSINESS WIRE)–#Insurance–Omniscience today disclosed that Sompo Himawari Life Insurance Company has adopted Omniscience artificial intelligence (AI) technology as part of a new consumer service. This Omniscience technology is an important onramp for Computational Insurance™. “An entirely new business model is needed […]

Infographics of U.S. Core System Market Leaders for Banks and Credit Unions Released by William Mills Agency and FI Navigator thumbnail

Infographics of U.S. Core System Market Leaders for Banks and Credit Unions Released by William Mills Agency and FI Navigator

ATLANTA–(BUSINESS WIRE)–#banks–William Mills Agency, the largest independent public relations and marketing firm specializing in the financial industry has created two new infographics detailing core banking vendor relationships for banks and credit unions. The data was compiled with the help of financial institution data and analytics platform provider, FI Navigator. Vendor market share is based on […]

A New Early Warning System for Business Lenders: Menerva Software’s TRaiCE Transforms Flawed Portfolio Monitoring Systems

A New Early Warning System for Business Lenders: Menerva Software’s TRaiCE Transforms Flawed Portfolio Monitoring Systems

Early Data from TRaiCE Suggests Over 50% Loss Mitigation for Lenders CHICAGO–(BUSINESS WIRE)–Menerva Software has released TRaiCE: An AI-based “early warning” system for business lenders to address flaws in Portfolio Monitoring. By combining a bank’s internal data with bureau and alternative data sources, TRaiCE’s proprietary, self-learning algorithm accurately predicts risk and suggests timely interventions. Rather […]

DCM Closes $880 Million for Newest Family of Global Funds thumbnail

DCM Closes $880 Million for Newest Family of Global Funds

Firm raises largest flagship fund to date with a focus on early-stage investments in SaaS, consumer internet and financial technology MENLO PARK, Calif.–(BUSINESS WIRE)–DCM, an early-stage global venture capital firm, today announced it has closed its largest family of funds to date, totaling $880 million. The committed capital includes $780 million for DCM IX, its […]

Discover Student Loans Introduces Parent Loan and Expands Rewards for Good Grades Product to Help Borrowers Cover College Expenses thumbnail

Discover Student Loans Introduces Parent Loan and Expands Rewards for Good Grades Product to Help Borrowers Cover College Expenses

The new options are part of Discover’s continued commitment to helping families finance a college education RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover Student Loans is updating its product suite to give families more options and benefits when financing their college journeys. By launching a new Parent Loan and expanding its Rewards for Good Grades program to reward incoming […]

Swiss Finance Disruptor YAPEAL Chooses Marqeta to Power New Digital Wallet thumbnail

Swiss Finance Disruptor YAPEAL Chooses Marqeta to Power New Digital Wallet

With the help of Marqeta’s modern card issuing platform, YAPEAL customers can set up a full Swiss current account in just ten minutes ZÜRICH–(BUSINESS WIRE)–Digital fintech start-up YAPEAL has launched a new, innovative digital wallet, powered by Marqeta’s modern card issuing platform. Having received the first ever fintech licence in Switzerland from FINMA, YAPEAL will […]

World Wealth Report 2020: North America Surpasses Asia-Pacific in High Net Worth Individual Wealth Growth for First Time in Eight Years While COVID-19 Brings Uncertainty thumbnail

World Wealth Report 2020: North America Surpasses Asia-Pacific in High Net Worth Individual Wealth Growth for First Time in Eight Years While COVID-19 Brings Uncertainty

High net worth individuals show interest in sustainable investing, scrutinize fees and want hyper-personalization PARIS–(BUSINESS WIRE)–High Net Worth Individual1 (HNWI) wealth and population grew by almost 9% globally in 2019 despite a global economic slowdown, international trade wars and geopolitical tensions, finds the World Wealth Report 2020 from Capgemini. North America and Europe took the […]

Dividend Finance Receives SOC 2 Type 2 Accreditation for Information Security

Dividend Finance Receives SOC 2 Type 2 Accreditation for Information Security

Dividend receives SOC 2 Certification after rigorous 3-month auditing process by a “Big Four” auditing firm SAN FRANCISCO–(BUSINESS WIRE)–Dividend Finance, LLC (“Dividend” or the “Company”), a leading FinTech point-of-sale lender for home improvement and solar projects, has received their SOC (Service Organization Control) 2 Type 2 Accreditation, a process to ensure the suitability and effectiveness […]

Aptos Solar Technology Solar Panels Added to Loanpal’s Approved Vendor List thumbnail

Aptos Solar Technology Solar Panels Added to Loanpal’s Approved Vendor List

SANTA CLARA, Calif.–(BUSINESS WIRE)–Aptos Solar Technology, a supplier of high-performance solar modules, is pleased to announce that its complete line of solar panels has been added to Loanpal’s approved vendor list. This new partnership will allow solar installers across the U.S. to offer Aptos Solar Technology solar panels with competitive financing options to residential customers. […]

FirstClose Integrates with Temenos Infinity Loan Origination

FirstClose Integrates with Temenos Infinity Loan Origination

AUSTIN, Texas–(BUSINESS WIRE)–FirstClose, Inc., a leading provider of technology solutions for banks and credit unions nationwide, has partnered with Temenos, the banking software company. With the integration of the FirstClose ONE™ platform into Temenos Infinity Loan Origination, customers can order instant and bundled reports on credit, flood, valuation, tax and title directly from the loan […]

Strivve Announces “TopWallet™ Tools” Accelerating Financial Institutions Ability to Win Top of Wallet® thumbnail

Strivve Announces “TopWallet™ Tools” Accelerating Financial Institutions Ability to Win Top of Wallet®

CardUpdatr Provides Customers with Real-Time Automated Card-On-File Solutions SEATTLE–(BUSINESS WIRE)–#fintech—Strivve, Inc, Seattle-based financial technology company, today announced the availability of TopWallet™ Tools, its set of service enhancements optimized for easy brand engagement with cardholders across all card lifecycle events. For CardUpdatr customers, TopWallet Tools provides card issuers new marketing strategies designed to increase cardholder engagement […]

Lotame and New Frontier Data Partnership Connects Big Brand Advertisers to More Than 100 Million CBD Consumers thumbnail

Lotame and New Frontier Data Partnership Connects Big Brand Advertisers to More Than 100 Million CBD Consumers

Leading cannabis data provider New Frontier Data launches industry-focused AdTech solution NXTeck WASHINGTON–(BUSINESS WIRE)–New Frontier Data, the global authority in data, analytics and business intelligence on the cannabis industry, unveils the cannabis industry’s first advertising data exchange connecting mainstream product advertisers to CBD consumers. Using patented technology powered by Lotame, the leading global provider of […]

MerchantE Promotes Transparency and Support for Small Businesses During Unprecedented Times thumbnail

MerchantE Promotes Transparency and Support for Small Businesses During Unprecedented Times

Company Issues Statement to Disavow Practice of Withholding Reserves from Customers; Calls for Industry to Follow ALPHARETTA, Ga.–(BUSINESS WIRE)–MerchantE, a leading end-to-end digital commerce platform, reaffirms its commitment to growing businesses in response to recent reports of payment companies withholding money from customers. Addressing the topic, MerchantE’s CEO, Mike Rouse, states: “Small businesses are the […]

Saudi Payments and Discover Sign Network Alliance Agreement thumbnail

Saudi Payments and Discover Sign Network Alliance Agreement

Agreement will increase international acceptance for all cardholders and provide additional payment options in the Saudi digital payment environment RIYADH, Saudi Arabia & RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover and Saudi Payments signed a strategic agreement that will increase the global acceptance footprint for both organizations. The agreement will give Discover, Diners Club International, PULSE and network alliance […]

SIMON Introduces Allianz Life as Newest Carrier to Join InsurTech Platform’s Marketplace thumbnail

SIMON Introduces Allianz Life as Newest Carrier to Join InsurTech Platform’s Marketplace

Allianz Life is now delivering its annuity products to Raymond James advisors for the first time through SIMON’s Marketplace NEW YORK–(BUSINESS WIRE)–#FinTech–SIMON Annuities and Insurance Services LLC (“SIMON”) is pleased to introduce Allianz Life Insurance Company of North America (“Allianz Life”)—a leading provider of annuities in the U.S.—to its annuities platform and digital marketplace for […]

DriveWealth Selects BackBay Communications as PR Agency of Record thumbnail

DriveWealth Selects BackBay Communications as PR Agency of Record

Leader in Global Digital Trading Technology Appoints Financial Services PR Firm BackBay BOSTON–(BUSINESS WIRE)–BackBay Communications, a leading integrated financial-services public relations, content development, and digital marketing agency, today announced that it has been retained as agency of record by DriveWealth, a U.S.-based leader in global digital trading technology. BackBay will provide DriveWealth with an integrated […]

Wagestream Goes Mainstream as It Completes a £20m Series B Funding Round

Wagestream Goes Mainstream as It Completes a £20m Series B Funding Round

● London-based Wagestream has now raised £65m, as income streaming rapidly goes mainstream ● 320,000 UK workers are no longer held prisoner by the monthly pay cycle ● Major UK employees have signed up for Wagestream including five NHS Trusts, Bupa, Rentokil, Kwikfit, Brewdog, Zizzi and Roadchef, now enable their staff to access their earned […]

Vericred Announces Level Funded Group Rating API thumbnail

Vericred Announces Level Funded Group Rating API

Industry-first API enables InsurTech platforms to quote level funded group medical plans across multiple carriers NEW YORK–(BUSINESS WIRE)–#HRtech—Vericred, a data services company simplifying the exchange of information between health insurance and employee benefit carriers and InsurTech companies, today announced the immediate availability of level-funded plans through its Group Rating API. With this new functionality, Vericred […]

Commerce Ventures and MRV Banks Join Grow Credit Inc. thumbnail

Commerce Ventures and MRV Banks Join Grow Credit Inc.

SANTA MONICA, Calif–(BUSINESS WIRE)–#android—Grow Credit, a financial inclusion platform, today announced that Commerce Ventures, will be joining its seed funding round alongside lead investor Mucker Capital, and Minal Hasan, founder at K2 Global Ventures, who joined as an angel investor in addition to taking an advisory position. Commerce has invested in over 60 portfolio companies, […]

Trading Technologies Contracts with BGC Partners for Global Implementation of TT® OMS thumbnail

Trading Technologies Contracts with BGC Partners for Global Implementation of TT® OMS

CHICAGO–(BUSINESS WIRE)–Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, today announced they have signed up BGC Partners, Inc. (NASDAQ: BGCP) (BGC), a leading global brokerage and financial technology company, to utilize TT’s new Order Management System (OMS) solution when it is launched in September 2020. The […]

Axos Bank Celebrates 20 Years of Digital Financial Services Leadership thumbnail

Axos Bank Celebrates 20 Years of Digital Financial Services Leadership

Two decades after opening on July 4, 2000, Axos Financial has transformed from a digital bank to a full-service consumer and commercial bank and wealth management platform SAN DIEGO–(BUSINESS WIRE)–#bankingevolved–Axos Financial (NYSE: AX) celebrated its 20th anniversary today, signifying two decades of leadership in the digitization of financial services. “Launching our bank on the Fourth […]

ALDI Nord Moves In-Store Acquiring in Germany to Fiserv thumbnail

ALDI Nord Moves In-Store Acquiring in Germany to Fiserv

Companies expand relationship to include in-store card payments acceptance via Fiserv BROOKFIELD, Wis., & BAD HOMBURG, Germany–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that ALDI Nord has selected Fiserv to enable all in-store card payments across its flagship German market. In the interest of […]

Skilling Launches MT4 thumbnail

Skilling Launches MT4

NICOSIA, Cyprus–(BUSINESS WIRE)–#cfd—Forex and CFD online trading platform Skilling reached another significant milestone this year with the integration and launch of trading platform MetaTrader 4 (MT4). Founded in 2016, Skilling introduced their proprietary trading platform in 2018, and in January 2020 they announced the launch of the industry’s first seamless integration with Spotware’s cTrader. With […]

smartTrade Awarded for the Second Consecutive Year Best Buy-Side EMS at TradingTech Insight USA Awards 2020 thumbnail

smartTrade Awarded for the Second Consecutive Year Best Buy-Side EMS at TradingTech Insight USA Awards 2020

NEW YORK–(BUSINESS WIRE)–#Crypto—smartTrade Technologies, a pioneer in multi-asset electronic trading solutions, announces today that its EMS was awarded Best Buy-Side Execution Management System (EMS) during Virtual TradingTech Insight North America Awards. smartTrade’s sophisticated EMS allows buy-side firms to get a global view of current liquidity and to operate through different trading protocols and execution mechanisms […]

Hyosung Announces Exciting New Distribution Model thumbnail

Hyosung Announces Exciting New Distribution Model

Leading ATM maker names three new Preferred Partners as part of change IRVING, Texas–(BUSINESS WIRE)–Hyosung America, the largest provider of ATMs in the United States, today is announcing an exciting new distribution model to better serve Regional and Community Financial Institutions. Under this strategy, Hyosung will establish three distinct channels to market. The three channels […]

CORRECTING and REPLACING WorldRemit Celebrates the Launch of Their Remittance Service in Somalia thumbnail

CORRECTING and REPLACING WorldRemit Celebrates the Launch of Their Remittance Service in Somalia

The money transfer service, empowering Somalis at home and abroad. LONDON–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: WORLDREMIT CELEBRATES THE LAUNCH OF THEIR REMITTANCE SERVICE IN SOMALIA The money transfer service, empowering Somalis at home and abroad. WorldRemit, the global online money transfer service […]

Silvur Launches New Retirement Normal Campaign to Help Baby Boomers Thrive Through Retirement and Meet New Post-COVID Goals thumbnail

Silvur Launches New Retirement Normal Campaign to Help Baby Boomers Thrive Through Retirement and Meet New Post-COVID Goals

Retirement planning app introduces new tools to help Americans come out of the pandemic more focused and better prepared for the future, with chance to win up to $100K to fund their new and improved retirement goals NEW YORK–(BUSINESS WIRE)–Silvur, the first and only app dedicated to helping Baby Boomers reach their retirement goals, has […]

Battea Class Action Services Announces Partnership with HedgeServ to Provide Best in Class Global Damage Analysis & Securities Class and Collective Action Claim Filing

Battea Class Action Services Announces Partnership with HedgeServ to Provide Best in Class Global Damage Analysis & Securities Class and Collective Action Claim Filing

STAMFORD, Conn.–(BUSINESS WIRE)–Battea Class Action Services, LLC, the global leading expert in providing turn-key class and collective action antitrust and securities litigation recovery services, international litigation research and monitoring to more than 900 institutional investors, banks and hedge funds, announced a partnership with HedgeServ, an industry leading global fund administrator recognized for providing innovative, technology-backed […]

Wolters Kluwer Triumphs in Operational Risk Awards thumbnail

Wolters Kluwer Triumphs in Operational Risk Awards

NEW YORK–(BUSINESS WIRE)–The Compliance Program Management (CPM) business of Wolters Kluwer Compliance Solutions has won two prestigious awards celebrating excellence and innovation in operational risk. Financial Technologies Forum (FTF) News has named OneSumX its Best Operational Risk Management solution in its hotly contested 2020 Technology Innovation Awards. RegTech Insights, meanwhile, has named the solution its […]

LinkUpConferenceShow Is Set to Disrupt the Tech Conference and Networking Industry thumbnail

LinkUpConferenceShow Is Set to Disrupt the Tech Conference and Networking Industry

NEW YORK–(BUSINESS WIRE)–LinkUpConferenceShow (LUCS), the new digital networking conference for executives, entrepreneurs, business leaders and tech professionals, announces its first online event scheduled for November 12, 2020. LinkUpConferenceShow will bring together more than 1,000 business professionals, investors, and influencers from different industries. For the pilot show in November, the focus will be on HealthTech, FinTech, […]

WEX Merchant Partners Offer Fuel Discounts to Truckers thumbnail

WEX Merchant Partners Offer Fuel Discounts to Truckers

  PORTLAND, Maine–(BUSINESS WIRE)–WEX (NYSE: WEX), a leading financial technology service provider, recently notified trucking customers that they now have access to its fuel discount network, through which participating WEX merchants offer savings on truck fuel purchases. This fuel discount network, part of WEX’s new WEX EDGE business savings network, helps reduce the cost of […]

Worky Announces US $3M Investment Round Led by QED Investors thumbnail

Worky Announces US $3M Investment Round Led by QED Investors

MEXICO CITY–(BUSINESS WIRE)–Worky, an all-in-one HR software and payroll platform for small- and medium-sized businesses in Mexico, announced a $3M seed round led by fintech specialist QED Investors. Existing investor LEAP Global Partners also participated in the round. Along with the founding round, Lauren Connolley Morton of QED Investors and Leticia Jauregui of LEAP Global […]

iProov to Provide Biometric Technology to Challenger Bank Knab, Part of AEGON thumbnail

iProov to Provide Biometric Technology to Challenger Bank Knab, Part of AEGON

● Partnership with Knab Bank sees iProov serve the challenger banking sector ● First major deployment of iProov for SCA (Strong Customer Authentication) combined with customer onboarding by a bank in Europe ● One of the very first uses of cloud biometrics for SCA in Europe ● Knab selected iProov following extensive testing to help […]

CORRECTING and REPLACING Easy Migration Package to Assist Wirecard Clients Transition thumbnail

CORRECTING and REPLACING Easy Migration Package to Assist Wirecard Clients Transition

i2c rapid migration plan to help businesses using Wirecard issuer processing services to protect global programs REDWOOD CITY, Calif.–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: EASY MIGRATION PACKAGE TO ASSIST WIRECARD CLIENTS TRANSITION i2c rapid migration plan to help Businesses using Wirecard issuer processing […]

Castle Hall publishes white paper on Wirecard’s lessons for asset management due diligence thumbnail

Castle Hall publishes white paper on Wirecard’s lessons for asset management due diligence

MONTREAL–(BUSINESS WIRE)–#adv–Castle Hall, the Due Diligence Company, today published a timely white paper outlining four key observations from the failure of Wirecard AG, the high profile German fintech payment services company. Wirecard filed for insolvency on June 25, three days after the firm’s CEO, Markus Braun, was arrested on suspicion of false accounting and market […]

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