Business Wire


Linda Zecher Appointed CEO of IronNet

Cameron Pforr, CFO of IronNet, appointed President MCLEAN, Va.–(BUSINESS WIRE)–#CollectiveDefense–IronNet’s Board of Directors has appointed Linda Zecher as Chief Executive Officer (CEO) effective immediately. Cameron Pforr, the company’s current Chief Financial Officer (CFO), has been appointed President of IronNet. GEN (Ret.) Keith Alexander will continue to serve as Chairman of the Board, transitioning to a […]

Old Glory Pay Is Now Available

Private, Secure, and Cancel-Proof NASHVILLE, Tenn.–(BUSINESS WIRE)–Old Glory Bank has launched its proprietary, closed-loop payment system, Old Glory Pay. Headquartered in Elmore City, Oklahoma, and providing mobile banking solutions from sea to shining sea, Old Glory Bank is an FDIC-insured, chartered bank that openly supports America, its flag, faith, freedom, patriotism, the military, and first […]

Stronghold Launches StrongholdNET, Payments Ecosystem of the Future

Products include merchant rewards, DeFi-backed financing, cutting-edge fintech, and more SAN FRANCISCO–(BUSINESS WIRE)–$SHX–Payments fintech Stronghold has launched StrongholdNET, a future-facing ecosystem of products and services championing accessible payments. StrongholdNET seamlessly integrates merchants, technology partners, and other essential contributors. By combining cutting-edge technology with community benefits, StrongholdNET creates a new paradigm for payment providers and businesses […]

Sustainable Investments in Colombia: Energy Transition, Food Security, and Social Development Drive High Returns

BOGOTÁ, Colombia–(BUSINESS WIRE)–Colombia consolidates its strategy of non-extractive foreign direct investment to convince the world that investing in this country always means more. As one of the most committed countries to achieving the United Nations Sustainable Development Goals, the Government, led by President Gustavo Petro, invites investors to place their trust and capital in the […]

CEO Ryan Hamlin Discusses Leading Cannabis Fintech POSaBIT in New Podcast with Planet MicroCap

SEATTLE–(BUSINESS WIRE)–In a podcast interview to be released today, POSaBIT CEO and Co-Founder Ryan Hamlin talks to Robert Kraft of Planet MicroCap about how POSaBIT achieved and maintains its competitive position in the modern cannabis market. Key to POSaBIT’s success are the two Cs: compliance and cash. The podcast can be found on your favorite […]

Harford Mutual Insurance Group Transforms Multi-Line Claims Admin With Origami Risk’s P&C Insurance Tech

State-of-the-art platform dramatically expands insurer’s claims capabilities, supporting accelerated growth and focus on quality service BEL AIR, Md.–(BUSINESS WIRE)–#CoreSolutions–Harford Mutual Insurance Group has fully implemented Origami Risk’s multi-tenant, software-as-a-service (SaaS) P&C solution for claims adjudication, reporting, and the delivery of enhanced client services across all its commercial property and casualty insurance lines. “As Harford Mutual […]

Stax Payments Adds PayPal Payment Offerings to Expand Customer Choice

This collaboration allows Stax merchants to accept PayPal, Venmo and PayPal Pay Later payment options through the Stax payment platform ORLANDO, Fla.–(BUSINESS WIRE)–Stax Payments, the all-in-one payments provider, is working with PayPal to offer a comprehensive solution for accepting payments online for its customers. Eligible Stax Payments customers can now accept payments with PayPal, Venmo […]

Discover recognized as a 2023 Best Places to Work for People with Disabilities

RIVERWOODS, Ill.–(BUSINESS WIRE)–#fortune500–For the third consecutive year, Discover has been recognized as a 2023 Best Place to Work for People with Disabilities and earned a 100 percent score on the Disability Equality Index (DEI). “At Discover, we celebrate the gifts and strengths each of us brings to work,” said Jonita Wilson, chief diversity officer at […]

Q2 Reports More Than 100 Percent Growth in Financial Institution and Fintech Partnerships Through Q2 Innovation Studio

Consumer and business utilization of fintech solutions through financial institutions also increased by more than 100 percent AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced rapid year-over-year growth of Q2 Innovation Studio as a result of financial institutions’ increased need to attract, retain and […]

CharmHealth Launches 2023 Innovation Challenge to Revolutionize Healthcare

Now Accepting Proposals for Disruptive Ideas That Address the Most Pressing Issues Across the Healthcare Landscape PLEASANTON, Calif.–(BUSINESS WIRE)–#AI—CharmHealth, a leading provider of healthcare technology solutions, today announced the launch of its 2023 Innovation Challenge, which provides a platform for digital health thought leaders to share groundbreaking ideas with the investors, incubators and partners who […]

The NAGA Group AG: NAGA Reports a Profitable First Half Year and a Reduction in Cost Base. EUR 19.5 Million Revenue and EUR 2.3 Million Preliminary EBITDA for HY1 2023.

  HAMBURG, Germany–(BUSINESS WIRE)–The NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), operator of the neo-broker NAGA, the cryptocurrency platform NAGAX and the neo- banking app NAGA Pay, is publishing its preliminary HY1 2023 figures. NAGA is pleased to announce a successful first half year, with revenue of EUR 19.5 million and preliminary EBITDA of EUR […]

Jenius Bank™ Launches Inaugural Product, Personal Loans

Offering marks bank’s first consumer product in a roster of upcoming new services LOS ANGELES–(BUSINESS WIRE)–Jenius Bank™, the digital banking division of Manufacturers Bank, a California state chartered commercial bank that is a wholly-owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group, today announced the launch of personal loans, its inaugural product. […]

Fiserv Commitment to Inclusion Recognized with Top Score on Disability Equality Index

Company named a Best Place to Work for People with Disabilities for fifth year BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, was today named a Disability Equality Index (DEI) Top Scorer and a 2023 Best Place to Work for People with Disabilities. This marks the […]

Extraco Banks Partners with Teslar Software to Modernize Commercial Lending

Texas-based bank selects fintech to better support local businesses SPRINGDALE, Ark.–(BUSINESS WIRE)–Extraco Banks and Teslar Software today announced their partnership to streamline the bank’s commercial lending process and more effectively balance their portfolio. Extraco Banks is the largest and most comprehensive independent financial institution headquartered in central Texas with more than $2 billion in assets. […]

J.P. Morgan Accelerates Growth Strategy for Its Global Innovation Economy Business with Key Hires and Expanded Capabilities

John China and Melissa Smith to Co-Head Innovation Economy for Commercial Banking NEW YORK–(BUSINESS WIRE)–As a part of its ongoing commitment to the Innovation Economy (IE), J.P. Morgan announced today that John China will join the firm as Co-Head of IE for Commercial Banking (CB). Based in San Francisco, China will serve alongside New York-based […]

Marqeta Announces Expansion Into Brazil With New Fitbank Partnership

Marqeta’s move into Brazil will allow its current global customers to expand more easily into a rapidly evolving fintech hotspot, while also opening up access to its modern card issuing platform for local Brazilian fintechs and payment innovators. OAKLAND, Calif.–(BUSINESS WIRE)–Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced its expansion into Brazil, […]

Ault Alliance Is Exploring Initiative to Distribute Special Dividend Payable in Bitcoin

LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, (“Ault Alliance” or the “Company”), announced today that it plans to explore a pathway that will allow it to issue a special dividend payable in Bitcoin to stockholders. The Company intends to collaborate with regulatory authorities, its transfer agent and others, which […]

Customers Bank Onboards Former Signature Venture Banking Team

MALVERN, Pa.–(BUSINESS WIRE)–$CUBI #Tech–Customers Bank, the $21 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), announced today it has completed the onboarding of a nearly 30-member venture banking team formerly employed by Signature Bank. Initially, this team will handle the transfer and servicing of about 150 loans in Customers Bank’s recently acquired $631 million venture banking […]

Financial Institutions See Significant Drop in Account-to-Account Transfer Fraud After Roll Out of Real-Time Risk Scoring from Fiserv

New TransferNow® capabilities enable financial institutions to enhance end-to-end risk management while providing a better customer experience BROOKFIELD, Wis.–(BUSINESS WIRE)–Financial institutions are reducing fraud losses, improving internal processes and enhancing the customer experience with the implementation of two new capabilities from Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology […]

Passthrough And STP Investment Services Announce Strategic Partnership to Enhance Investor Experience and Operational Efficiencies

NEW YORK–(BUSINESS WIRE)–Today, Passthrough, a leader in fund workflow automation for investors, fund managers, and other fintechs, and STP Investment Services (STP), a leading technology-enabled services company, are excited to announce a strategic partnership to transform the investor onboarding experience and drive operational efficiencies for STP’s clients and their investors. STP serves as a trusted […]

Balance Introduces Surcharging Program to Alleviate B2B Credit Card Burdens for Merchants

Balance’s surcharging capability empowers B2B suppliers with the agility to thrive in the fast-moving ecommerce industry by enabling them to offer credit card payments that were once cost-prohibitive. NEW YORK–(BUSINESS WIRE)–Balance, the preferred B2B payment platform for leading businesses, announced today the launch of its surcharge solution. This capability enables suppliers to implement a surcharge […]

Pidgin Publishes New eBook to Prepare Financial Institutions for Faster Payments

ATLANTA–(BUSINESS WIRE)–Pidgin, a secure real-time payments platform built for the future of payments, today published its newest eBook, “Faster Payments Playbook: 3 Steps Financial Institutions Should Take to Prepare for FedNow.” This free eBook explores the key steps bank and credit union leaders should take to prepare as faster payments become more widespread with the […]

Citi Commercial Bank Launches New Digital Client Platform, CitiDirect® Commercial Banking

NEW YORK–(BUSINESS WIRE)–Citi has announced the launch of a new platform, CitiDirect® Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients. This is part of Citi’s significant strategic investment plan to meet the growing global needs of these clients by delivering a single-entry point digital platform. CitiDirect® Commercial Banking brings together […]

Convera Announces Final Closing of Western Union Business Solutions, Completing Global Transition

Former Western Union Business Solutions (WUBS) European business completes transition to Convera after $910 million acquisition in 2021 Acquisition positions Convera for continued growth globally after reporting record revenue through first half of the year. LONDON & SEATTLE–(BUSINESS WIRE)–Convera, a leading non-bank B2B fintech in global payments, today announced the completion of the acquisition of […]

ICE Sees Strong Demand for Global Soft Commodity Markets as Markets React to Changing Weather Patterns

NEW YORK & LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and home to the largest soft commodity futures and options markets in the world, today announced strong first half volumes and open interest across soft commodities as customers respond to changing weather patterns and its impact on […]

FIS On the Ready to Support Federal Reserve’s New Instant Payment Service

Key facts FIS is among the first in the fintech industry to complete testing and certification for the FedNow Service®. By completing the certification, FIS can help its financial institution clients tap into 24x7x365 instant payments through the FedNow Service. JACKSONVILLE, Fla.–(BUSINESS WIRE)–FIS® (NYSE: FIS), a global leader in financial services technology, has announced it […]

Thorn Technologies Launches SaaS SFTP Service for Cloud Storage with SFTP Gateway Single User Plan

COLUMBIA, Md.–(BUSINESS WIRE)–Thorn Technologies, a leading provider of managed file transfer solutions, has launched their popular SFTP Gateway product as a SaaS service. With thousands of users already relying on SFTP Gateway self-managed plans through the AWS, Azure, and Google Cloud marketplaces, the SaaS version further simplifies the process of providing secure and affordable file […]

Principal® Joins Industry Consortium to Support Automatic Portability of U.S. Retirement Accounts

DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group® today announced it joined the Portability Services Network, LLC (PSN), a consortium of retirement plan service providers focused on helping America’s under-served and under-saved workers improve their retirement outcomes by making it easier to transfer their workplace retirement accounts when changing employers. Principal® is a board member and one […]

Bevel Acquired by The Avenue Z Network to Build First Digital Communications Unicorn

Global Consultancy Provides CEO Advisory Services Across Strategic Communications, PR, and Marketing NEW YORK–(BUSINESS WIRE)–Bevel, the top communications consultancy for tech and venture capital, today announced its acquisition by Avenue Z, founded by digital visionary Jeffrey Herzog, to build the first strategic communications unicorn. Herzog, previously founder of iCrossing, acquired by Hearst Media in 2010 […]

1Kosmos BlockID Product Lines Now Available in NayaOne FinTech Marketplace

Unified identity proofing and passwordless platform can be provisioned from leading ecosystem for financial services industry EAST BRUNSWICK, N.J.–(BUSINESS WIRE)–#Blockchain—1Kosmos, the company that unifies identity proofing and passwordless authentication, today announced the 1Kosmos BlockID distributed identity cloud service is now available on NayaOne, the leading fintech ecosystem platform for financial services providers. NayaOne makes the […]

Digital Platforms Fortify Banks Against Rising Competition

Traditional banks continue to adopt modular, cloud-based architectures to meet customer demand for easy digital experiences, ISG Provider Lens™ report says STAMFORD, Conn–(BUSINESS WIRE)–$III #BankingPlatforms–Banks still using legacy technologies are continuing to move toward modern digital platforms to better compete with emerging rivals, according to a new research report published today by Information Services Group […]

LendingPoint Closes $900 Million Committed Forward Flow Program

New deal follows record growth for the company, expands LendingPoint’s forward flow program and origination capacity. ATLANTA–(BUSINESS WIRE)–The financial technology platform LendingPoint, today announced the closing of a $900 million, three-and-a-half-year forward flow committed purchase program with a notable asset management firm partner. This is the company’s largest and longest-term committed forward flow program to […]

ICE to Launch Environmental Futures Market Based on Alberta’s Carbon Program

CALGARY, Alberta–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced plans to launch the first environmental futures market based on Alberta’s carbon program. ICE plans to launch physically delivered AB Emissions Offsets Futures (AEO) and AB Emissions Performance Credit Futures (AEPC) at ICE NGX, ICE’s physical energy […]

Fintech company Clair raises $175 million to launch first free, on-demand pay solution powered by FDIC-insured bank, to help front-line workers get paid same day

Powered by national banking partner Pathward®, N.A., Clair enables companies to offer unique employee benefits, improving financial health amid worker shortage NEW YORK–(BUSINESS WIRE)–Clair, a mission-driven fintech company, today announced it raised $175 million in funding to launch the first free, consumer-friendly, on-demand pay solution as a consumer lending program backed by an FDIC-insured bank. […]

FIS Accelerates Path to Create Two Highly Focused Independent Companies; Announces Agreement for GTCR to Acquire Majority Stake in Worldpay at $18.5 Billion Valuation

FIS to retain 45% ownership in Worldpay GTCR committed to invest up to $1.25 billion in additional growth capital to accelerate Worldpay growth strategy Upon closing of transaction, Charles Drucker to serve as CEO of Worldpay Company to host webcast to discuss transaction at 8:30 a.m. ET JACKSONVILLE, Fla.–(BUSINESS WIRE)–FIS® (NYSE: FIS), a global leader […]

Valligent Integrates with ICE Mortgage Technology to Provide Lenders with a Full Spectrum of Valuation Options

ROSEVILLE, Calif.–(BUSINESS WIRE)–Today, Valligent a market-leading appraisal management company, recently acquired by VerosTM, an industry leader in enterprise risk management and collateral valuation services, announced their integration to the ICE Mortgage Technology™ Platform. Through this integration, mortgage industry stakeholders have the most efficient access to all collateral valuation related products and services. The combined forces […]

MoneyLion Teams Up with A.I. Ben Franklin to Declare the Summer of Financial Freedom

NEW YORK–(BUSINESS WIRE)–MoneyLion Inc. (“MoneyLion”) (NYSE: ML), a leader in financial technology powering the next generation of personalized products and content, is using the power of A.I. to bring back Benjamin Franklin to raise awareness around financial freedom while surprising select social media followers who participate in its latest brand campaign, “Financial Freedom”, that will […]

XTM Inc. Reports Promising Data on its First A.I. and Gamification Driven In-App Tool – Today Goals™

Unlocks the Power of Personal Finance with Customized, Real-Time Financial Insights MIAMI & TORONTO–(BUSINESS WIRE)–$PAID #Fintech–XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations including fully certified Earned Wage Access through its QRails AnyDay™ product, is pleased to announce the preliminary results […]

Janus Henderson Extends Partnership with Greenwood Project, Offers Exclusive Seminar by Nobel Laureate

DENVER–(BUSINESS WIRE)–Janus Henderson Investors extended its partnership with the Greenwood Project by granting the organization funds, via the Janus Henderson Foundation, to host a unique seminar for college scholars featuring Nobel Prize winner and Janus Henderson Chief Investment Strategist, Myron Scholes, Ph.D. The inaugural seminar, called “The Myron Scholes Experience,” kicked off this month in […]

The Marygold Companies Initiates Plans to Adapt its Mobile Fintech App for the UK Market Following Recent Introduction in U.S.

Experienced Fintech Executive Ian Gass Named Chief Product Officer for Marygold & Co. (UK) SAN CLEMENTE, Calif.–(BUSINESS WIRE)–The Marygold Companies, Inc. (“TMC,” or the “Company”) [NYSE American: MGLD], a diversified global holding firm, today announced that it has appointed experienced fintech executive Ian Gass as Chief Product Officer in the UK, a newly created position, […]

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