Business Wire


Point72 Ventures Launches Healthcare Investing Business

Scott Barclay, seasoned healthcare investor and former DCVC partner, to build team and invest in founders transforming the future of healthcare SAN FRANCISCO–(BUSINESS WIRE)–Point72 Ventures, a VC firm backed by Steve Cohen that invests in early-stage companies that are catalyzing the future of their industries, today announced the launch of a new investment team focused […]

Onfido Named to the 2020 CB Insights Fintech 250 List of Fastest-Growing Fintech Startups

Onfido honored for achievements in Identity Verification and Authentication SAN FRANCISCO–(BUSINESS WIRE)–#fraud—CB Insights today named Onfido to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This win builds on Onfido’s recent appointment to CB Insights’ AI 100 early this year. “We’re proud, once again, to recognize […]

“Alexa, Pay for Gas” Goes Live Nationwide

Amazon, ExxonMobil and Fiserv join to deliver voice-enabled commerce experience at more than 11,500 Exxon and Mobil locations BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ:FISV), a leading global provider of payments and financial services technology solutions, alongside Amazon and ExxonMobil, announced today that “Alexa, pay for gas” is now live at more than 11,500 Exxon and Mobil […]

ValueSetters’ Newest Portfolio Company, ChipBrain, to Raise Funds via Netcapital

ValueSetters Invests in ChipBrain to Empower Sales Professionals with Emotionally Intelligent AI BOSTON–(BUSINESS WIRE)–#Investors—ValueSetters, Inc. (OTC:VSTR) announced the company has taken an equity ownership stake in ChipBrain, adding the innovative start-up to its portfolio. ChipBrain is building an emotionally intelligent AI platform that empowers sales professionals by providing live coaching during customer calls, leading to […]

Varo, First Consumer Fintech Granted National Bank Charter in the US, goes live with Temenos Cloud Technology

● Varo Bank, N.A. (“Varo”) supported by Temenos core banking technology provides innovative digital banking services aimed at the 180 million Americans currently underserved by the traditional system ● Temenos cloud-native and API technology enables Varo to bring products to market faster and scale to meet the surge in digital banking adoption ● Temenos’ technology […]

Gateway Insurance Company Assigned Financial Stability Rating of A, Exceptional from Demotech, Inc.

47-state licensed carrier owned by Buckle continues to advance digital fronting strategy JERSEY CITY, N.J.–(BUSINESS WIRE)–#FSR—Buckle, a tech-enabled financial services company, announced its licensed carrier, the Gateway Insurance Company, has been assigned a Financial Stability Rating® (FSR) of A, Exceptional, from Demotech, Inc. In June, Buckle announced the acquisition and recapitalization of Gateway, including its […]

Wells Fargo Launches New Low-Cost Account With No Overdraft Fees

Clear Access BankingSM supports bank’s commitment to make banking easy to understand, convenient and transparent SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo (NYSE: WFC) today announced the launch of Clear Access Banking, a new, low-cost, convenient bank account with no overdraft fees. Now available online and in branches, the new account is part of Wells Fargo’s broader effort […]

SmartAsset’s Live Connections Recognized Among ‘Best Wealth Management Solution’

Live Connections – Exclusively on SmartAsset’s SmartAdvisor Platform – is a Finalist for the ‘Best Wealth Management Solution’ at the 2020 Finovate Awards NEW YORK–(BUSINESS WIRE)–#ClientAcquisition—SmartAsset, an award-winning financial technology company that helps more than 65 million people each month make smart financial decisions, today announced that its Live Connections program has been recognized as […]

Spotify Premium Trusts dLocal to Offer New Payment Alternatives in Latin America

By leveraging dLocal’s 360 payment platform, Spotify Premium customers in Argentina, Chile, Colombia, Peru, and Mexico will have the ability to pay for their subscriptions in popular methods such as cash and bank transfers. SAN FRANCISCO–(BUSINESS WIRE)–dLocal, an award-winning fintech company specializing in cross-border payments for emerging markets, announced today that it is enabling Spotify’s […]

ACI Worldwide and Partners Capsys and T-Systems Power Majority of Hungary’s Real-Time Payments

Hungarian financial institutions are leveraging ACI’s Real-Time Payments solution to capitalize on expected rise in digital transaction volumes NAPLES, Fla. & LONDON–(BUSINESS WIRE)–#ACI—ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that it powers approximately 75 percent of Hungary’s real-time payments, after the successful go-live of the […]

FRISS launches Insurance Is A Beautiful Thing campaign

CHICAGO–(BUSINESS WIRE)–FRISS, the leading provider of AI-powered fraud and risk solutions for P&C insurance companies, known for its creative approach toward the insurance industry, launched an international campaign to regain a feeling of pride in the insurance industry. “Because insurance is anything but boring,” says FRISS. Jeroen Morrenhof, CEO and Co-founder of FRISS: “We often […]

PTB, a Public Blockchain for DeFi Just Launched its Mainnet Upgrade — a Scalable, Real-time Cryptocurrency Payment System With Limitless TPS Scalability

SAN FRANCISCO–(BUSINESS WIRE)–#BTC—PTB, an anonymous public blockchain project that supports the large-scale, real-time settlement of cryptocurrency payment systems has just launched its mainnet upgrade. Compared to the traditional Internet Finance market, the scale of the Decentralized Finance (DeFi) market is still small. According to DappTotal data, from June to August 2020, the lock-up value in […]

QuadPay Partners with Mastercard Vyze to Make it Easy for Retailers to Offer Shoppers Buy Now Pay Later Installment Payments

The partnership combines cloud-based financing with “Buy Now, Pay Later” payment plan technology to bring more payment options to consumers NEW YORK–(BUSINESS WIRE)–QuadPay, a pioneer in the Buy Now, Pay Later (BNPL) market, and recently merged with Zip Co (ASX: Z1P), announced today a partnership with Mastercard Vyze, the leading alternative financing platform, to provide […]

Kyriba CEO Jean-Luc Robert Named in Top 50 SaaS CEOs of 2020

Recognized for SaaS Leadership for the Second Consecutive Year SAN DIEGO–(BUSINESS WIRE)–Kyriba, the global leader in cloud treasury and finance solutions, announced today that its Chief Executive Officer and Chairman, Jean-Luc Robert, was recognized as one of the Top 50 SaaS CEOs of 2020 by The Software Report (TSR). Robert was recognized for the second […]

Mogo to Launch Mobile Peer-to-Peer Payment Solution

Targets growing trend for cashless mobile solutions VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo” or “the Company”), one of Canada’s leading financial technology companies, today announced plans to launch a mobile peer-to-peer (P2P) payment solution that will enable users to quickly and easily make and share payments with friends and family through Mogo’s mobile […]

Ping Identity Releases Updated Consumer Data Right Sandbox For Fast-Tracking Open Banking Adoption in Australia

Company Delivers The First Sandbox Aligned to the CDR 1.4 Specification MELBOURNE, Australia–(BUSINESS WIRE)–Ping Identity (NYSE:PING), the Intelligent Identity solution for the enterprise, today announced an industry-leading update to its Australian Consumer Data Right (CDR) sandbox environment enabling banks and fintech companies to further accelerate their CDR compliance efforts. Under CDR rules, financial institutions must […]

Domo Announces “Curiosity: Do Data Differently”

New On-Demand Series Offers Strategies for Business Agility from Data and Analytics Experts SILICON SLOPES, Utah–(BUSINESS WIRE)–#datacuriosity—Domo (Nasdaq: DOMO), provider of the Domo Business Cloud, today announced “Curiosity: Do Data Differently” – a new video series hosted by renowned business intelligence and data management analyst Donald Farmer, Principal at TreeHive Strategy. This eight-episode series explores […]

AutoFi Shifts Into High Gear Due to Market Growth in Online Vehicle Purchases

FinTech company commands 10% of automotive franchise market by helping dealers thrive in new digital-first economy; expands executive team with 4 industry stalwarts SAN FRANCISCO–(BUSINESS WIRE)–A silver lining of the COVID-19 cloud has been rapid innovation within the automotive industry despite showroom closures. Car dealers have quickly responded to consumer preferences for a low-touch buying […]

MerchantE Takes Home Platinum and Gold Honors this Summer

Outstanding Creative and Execution Across Web and Video Wins 7 Awards ALPHARETTA, Ga.–(BUSINESS WIRE)–Twenty-year veteran in the financial industry, MerchantE had a breakthrough year shattering records for creativity and execution in bringing its modern fintech story to life. Website and videos, designed and produced by leading B2B marketing agency Marsden Marketing, earned seven top 2020 […]

Revation Systems Announces the Availability of Secure Video Banking Solution to Meet Banking Need during the Pandemic

United Educators Credit Union & TAPCO Credit Union leverage LinkLive Banking Video SAN FRANCISCO–(BUSINESS WIRE)–#customerexperience—Revation Systems, a leader in cloud-based, compliant messaging and communications, today announced the release of a video banking solution as part of its flagship solution, LinkLive Banking. LinkLive Banking is unified communications software hosted in the cloud that offers banking organizations […]

TigerWit Enhances Features, Payment Processes and Adds Equity CFDs to its Platform

LONDON–(BUSINESS WIRE)–$AAPL #Amazon–Global CFD provider, TigerWit, has today announced the latest updates to its award-winning mobile trading app that includes enhanced features and a plethora of new tradable products. In the three-phase update, elements of the overall user experience were optimized, the deposit and withdrawal process were improved and some of the most heavily traded […]

Zara (Inditex) Picks dLocal to Support e-Commerce Operations in Uruguay and Paraguay

dLocal’s platform accepts local payments in Uruguay and Paraguay, providing a seamless experience for customers. SAN FRANCISCO–(BUSINESS WIRE)–dLocal, an award-winning fintech company that specializes in cross-border payments for emerging markets, announced today that it is supporting Zara’s e-commerce operations in Uruguay and Paraguay through the use of its payments platform. This provides an enhanced online […]

Figure Unveils Industry First Marketplace That Facilitates Buying and Selling of Loans All on Blockchain

Accomplishment Marks Another First in Fintech as Figure Continues Mission to Transform Financial Services via Provenance Blockchain Platform SAN FRANCISCO–(BUSINESS WIRE)–Figure Technologies, Inc. (Figure™), a leader in transforming financial services through the power of blockchain technology, today launched the first loan marketplace that powers the turnkey buying and selling of loans on blockchain. “The Provenance […]

iCapital Network® and Pershing Enhance Technology Integration to Improve Alternative Investing Experience for Advisors

Automates Document Uploads and Streamlines Custodian Workflows and Reporting Eases Operational Burdens, Increases Data Security and Reduces Manual Errors NEW YORK–(BUSINESS WIRE)–iCapital Network1, the leading financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced an enhanced technology integration with BNY Mellon’s Pershing (“Pershing”) that will […]

The 10 Investing Questions That Matter Today: Ric Edelman’s New Public Television Special to Air August 31 on WETA TV

FAIRFAX, Va.–(BUSINESS WIRE)–A new television special from Ric Edelman premieres Monday, August 31 at 8pm on PBS affiliate WETA in Washington, DC. The program, Ric Edelman: The 10 Investing Questions That Matter Today, helps consumers determine if they are managing their investments properly during the pandemic. Edelman is an acclaimed financial educator and he is […]

IC Federal Credit Union Partners With HT Mobile Apps to Launch Building Bankers App

ANN ARBOR, Mich.–(BUSINESS WIRE)–IC Federal Credit Union announced today that it has partnered with HT Mobile Apps (HTMA) to offer Building Bankers, a free, educational mobile application that is designed to demonstrate the benefits of saving to children ages three to 12. The Fitchburg, Mass.-based credit union was looking for a way to reach its […]

Discover Partners to Launch a Connected Automotive Fleet Payments Solution

RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover, a leading digital bank and payments company, and Car IQ, a California based financial technology startup, have partnered to create an innovative payment platform for machine-initiated payments beginning with automotive fleets. Fleet vehicles that are connected to the Car IQ platform will be able to transact autonomously to pay for services through […]

Simply Retirement by Principal® Offers New 401(k) Solution for Start-up Retirement Plans

DES MOINES, Iowa–(BUSINESS WIRE)–Despite recent market volatility, 85% of small businesses with one to 100 employees say they’re stable or growing1, according to new research from Principal Financial Group®. Today, Principal® announced a new digital offering to help small business clients and their financial professionals build retirement benefits programs that can attract and retain top […]

Midway Car Rental, Inc. Partners with HyreCar, Inc.

Partnership Increases Midway’s Fleet Utilization and Addresses Rising Demand for Vehicles on the HyreCar Platform LOS ANGELES–(BUSINESS WIRE)–HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing, food, and package delivery services, today announced a partnership with Midway Car Rental, Inc. HyreCar’s innovative platform will increase utilization of Midway’s inventory to take advantage of growing opportunities […]

Revance Commercial Infrastructure Established and Positioned to Launch Prestige Aesthetics Portfolio with the RHA® Collection of Dermal Fillers

– Revance is positioned to introduce its innovative aesthetics portfolio, starting with the launch of the RHA® Collection, the first and only FDA-approved dermal fillers for correction of dynamic facial wrinkles and folds – – Clinical study results support the efficacy and safety of these globally established and innovative hyaluronic acid (HA) gels that represent […]

Zuora and GoCardless Expand Partnership to Revolutionize Global Subscription Payments

The joint solution enables businesses to immediately decrease churn and more efficiently collect international recurring payments REDWOOD CITY, Calif.–(BUSINESS WIRE)–Zuora, Inc. (NYSE: ZUO), the leading subscription management platform provider, today announced an expanded global partnership and new product integration with GoCardless, the leading fintech for recurring payments, to help companies across more than 30 countries, […]

Mogo Establishes New Referral Agreement with Lendful for Unsecured Consumer Loans

Mogo to promote Lendful’s best-in-class digital loans to its member base VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo”), one of Canada’s leading financial technology companies, today announced that it has established a new referral agreement with Lendful Financial Inc. (“Lendful”), through which Mogo will offer its members access to Lendful’s prime loan products through […]

WEX’s Health Division Introduces AI-Driven Chatbot

Let’s Chat Provides Instant Answers 24/7/365 FARGO, N.D.–(BUSINESS WIRE)–WEX (NYSE: WEX), a leading financial technology service provider, today announced the introduction of its new artificial intelligence (AI)-driven chatbot designed to enhance the personalized benefits account experience delivered by its Health division to 390,000 employers and more than 32 million consumers across the United States. Let’s […]

Ready Partners with FreedomPay to Bolster Touchless Commerce Offering

Partnership combines Ready’s contactless dining technology with established payment processor to enhance safety in consumer payment space VANCOUVER, British Columbia–(BUSINESS WIRE)–Ready, a financial technology company that offers seamless self-pay and food ordering solutions to hospitality venues across North America, announced today its partnership with FreedomPay, a global leader in Next Level Commerce™. The partnership combines […]

AM Best: Low Interest Rates Challenge Life/Annuity Writers (AM BestTV)

OLDWICK, N.J.–(BUSINESS WIRE)–In this episode of AMBestTV, Associate Director Jason Hopper and Financial Analyst Igor Bass, both of AM Best, said economic turmoil from the COVID-19 pandemic is creating new challenges for life/annuity writers. Click on http://www.ambest.com/v.asp?v=interestrates820 to view the entire program. Hopper outlined the steps that the life/annuity insurers have taken to de-risk their […]

It Pays (Literally) To Be with the Un-carrier — Full T-Mobile MONEY Benefits Extend to Sprint Customers

Plus, T-Mobile MONEY adds up-to-two-day early paycheck availability and cash deposits What’s the news: Now that Sprint is part of T-Mobile, legacy Sprint customers can get ALL the benefits of T-Mobile MONEY: a no-fee, mobile-first, checking account where customers enrolled in perks can earn an industry-leading APY of 4.00% and Got Your Back overdraft protection. […]

Marco Launches With €500m Committed Initial Equity Capital to Focus on European Property & Casualty Run-off Opportunities

Simon Minshall Leads Marco as CEO Dieter Wemmer Appointed Chairman of Marco Funds managed by Oaktree Capital Management, L.P. “Oaktree” are Founding Investors  LONDON–(BUSINESS WIRE)–Marco Capital Holdings Limited (“Marco”) has launched in Europe’s P&C run-off market. Based in Malta, Marco will pursue run-off opportunities located in/emanating from the Continental Europe, the UK and Lloyd’s of […]

AM Best: Pandemic, Economic Issues Dampen Chile Insurance Market (AM BestTV)

OLDWICK, N.J.–(BUSINESS WIRE)–In this episode of AMBestTV, Eli Sanchez, associate director, AM Best, said the rating agency’s negative market segment outlook on Chile’s insurance sector is based on declines in insurance activity, tied to the pandemic and longer-running economic issues. Click on http://www.ambest.com/v.asp?v=chileoutlook_english720 to view the entire program. Sanchez addressed to what extent COVID-19 is […]

Osaka Matsui Management Says With IPO Looming, Jack Ma’s Ant Group Earns $3.5 Billion Profit in Six Months

OSAKA, Japan–(BUSINESS WIRE)–Analysts at Japanese financial services company Osaka Matsui Management have said that billionaire Jack Ma-backed Chinese financial-technology juggernaut Ant Group Co. earned an estimated $3.5 billion during a recent six-month period, demonstrating how lucrative the company’s business has been as it moves closer towards a blockbuster initial public offering. “According to financial results […]

Temenos Named a Leader for 11th Time in Gartner Magic Quadrant for Global Retail Core Banking

Leader position is based on Completeness of Vision and Ability to Execute Temenos believes this is recognition of its innovative cloud-native technology and its investment in delivering the richest banking functionality Temenos has the largest cloud core banking software installed base globally GENEVA–(BUSINESS WIRE)–Temenos (SIX: TEMN), the banking software company, today announced that leading industry […]