Business Wire

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

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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 thumbnail

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™ thumbnail

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 thumbnail

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.

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, […]

Invitation Homes and Esusu to Provide Free Positive Credit Reporting For Nearly 200,000 Invitation Homes Residents

Invitation Homes and Esusu to Provide Free Positive Credit Reporting For Nearly 200,000 Invitation Homes Residents

DALLAS & HARLEM, N.Y.–(BUSINESS WIRE)–Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing company, and Esusu, a leading financial technology company advancing rent reporting and data solutions for credit building, today announced a new partnership to make Esusu’s platform for financial health solutions available at no cost to […]

Linedata and Moovjee Join Forces to Support Tunisian Startups and Entrepreneurs thumbnail

Linedata and Moovjee Join Forces to Support Tunisian Startups and Entrepreneurs

A strategic partnership based on mentorship to promote innovation and growth in Tunisia PARIS & TUNIS, Tunisia & LONDON, NEW YORK–(BUSINESS WIRE)–Linedata, (Euronext Paris: LIN), a global provider of asset management and credit technology, data, and services, announces today its strategic partnership with Moovjee, a regionally recognized support structure for young entrepreneurs with international reach. […]

Corlytics and Clausematch Come Together to Redefine RegTech thumbnail

Corlytics and Clausematch Come Together to Redefine RegTech

This strategic acquisition creates an unparalleled platform that manages the entire regulatory risk value chain on a global scale, elevating Corlytics’ extensive offer  Deepening customers’ ability to manage policies and complete attestation, it marks a breakthrough poised to re-define excellence in the RegTech market The acquisition brings the combined clients to 80, including 14 Tier-1 […]

Cheqly Launches SME-focused Digital Banking Using Mbanq’s BaaS Platform thumbnail

Cheqly Launches SME-focused Digital Banking Using Mbanq’s BaaS Platform

Cheqly is live across the USA using Mbanq’s BaaS platform. Cheqly provides businesses with digital bank accounts, cards and payments solutions specifically tailored for SMEs and startups. Seed funding for Cheqly was provided by Eqvista, a captable and valuation platform with $36 Billion in assets under administration. NAPLES, Fla.–(BUSINESS WIRE)–#BaaS–Mbanq, the USA-based fintech innovator and […]

Startup Invest Inc. Introduces Revolutionary Machine-Learning Investment Platform thumbnail

Startup Invest Inc. Introduces Revolutionary Machine-Learning Investment Platform

Plus a $200K Trading Tournament and Exclusive Investment Opportunity LOS ANGELES–(BUSINESS WIRE)–#DataDrivenInvesting–Invest Inc., a Wyoming-based fintech adtech investment data platform, is excited to announce the launch of their Reg A+ common stock offering, set to raise an impressive $18 million. Alongside this milestone, Invest Inc. is proud to introduce their groundbreaking retail data platform, Invest.inc. […]

Discover Financial Services Announces Transition of USD LIBOR-based Securities to Term SOFR and SOFR Spread-adjusted Swap Rates thumbnail

Discover Financial Services Announces Transition of USD LIBOR-based Securities to Term SOFR and SOFR Spread-adjusted Swap Rates

RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover Financial Services (NYSE: DFS) and Discover Bank (collectively “Discover”) have certain outstanding preferred stock and debt securities, listed in this press release (the “LIBOR-based Securities”), that use 3-month USD LIBOR or the 5-year USD LIBOR Mid-Swap Rate (collectively “LIBOR-based Benchmarks”) administered by ICE Benchmark Association Limited (“IBA”) as reference rates for determining […]

Fifth Third’s 2022 Sustainability Report Shares Progress on Priorities, Goals thumbnail

Fifth Third’s 2022 Sustainability Report Shares Progress on Priorities, Goals

  CINCINNATI–(BUSINESS WIRE)–Fifth Third Bancorp (Nasdaq: FITB) today published its 2022 Sustainability Report. The report is an annual update on the Company’s progress against its five sustainability priorities: keeping the customer at the center, strengthening its communities, delivering on its commitment to employees, promoting inclusion and diversity, and addressing climate change. In addition to the […]

Wolters Kluwer Expert to Participate in HousingWire Panel on Digital Lending Trends thumbnail

Wolters Kluwer Expert to Participate in HousingWire Panel on Digital Lending Trends

Digital lending experts will discuss the new industry approach of incremental “sprint” projects MINNEAPOLIS–(BUSINESS WIRE)–#wolterskluwer–In a year when lending volumes are down 40% or more, Wolters Kluwer Compliance Solutions expert Kevin Wilzbach will be participating in a HousingWire panel on digital lending trends at 1 p.m. CDT Wednesday, July 19th. The panel of experts will […]

BlackRock Debuts First Buffer ETFs With Launch of Two Funds thumbnail

BlackRock Debuts First Buffer ETFs With Launch of Two Funds

Designed as buy-and-hold strategies for long-term investors across all market cycles Leverages BlackRock’s active portfolio management expertise to seek to deliver clearer client outcomes NEW YORK–(BUSINESS WIRE)–BlackRock debuted today its first buffer ETFs with the launch of the iShares Large Cap Moderate Buffer ETF (Cboe: IVVM) and the iShares Large Cap Deep Buffer ETF (Cboe: […]

The New York Stock Exchange Reports Strong Momentum in First Half of 2023 thumbnail

The New York Stock Exchange Reports Strong Momentum in First Half of 2023

Industry-leading 12 transfers bring nearly $100 billion in new market capitalization NYSE welcomes year’s largest IPO, leads industry in U.S. proceeds and is home to 8 of the 10 largest transactions In its capacity as an Exchange of Ideas, NYSE Hosts key U.S. officials including House Speaker Kevin McCarthy and Commerce Secretary Gina Raimondo NEW […]

Unit21, the Risk and Compliance Infrastructure Company Helping Clients Prevent Financial Crime, Announces $45M Series C thumbnail

Unit21, the Risk and Compliance Infrastructure Company Helping Clients Prevent Financial Crime, Announces $45M Series C

Financing, led by Tiger Global with participation from South Park Commons, has helped foster the growth of a collaborative community of professionals working to stop financial fraud Reports surging participation in fraud data consortium Fintech Fraud DAO, which launched last fall and covers more than 10% of adult consumer transactions in the U.S. Introduces “Fraud […]

Netspend and Leagues Cup Announce Multi-Year Partnership thumbnail

Netspend and Leagues Cup Announce Multi-Year Partnership

Netspend becomes the newest, official partner of annual World Cup-style club tournament featuring all MLS and LIGA MX clubs that begins July 2023 NEW YORK & MEXICO CITY–(BUSINESS WIRE)–Netspend and Leagues Cup announced today a multi-year partnership that makes Netspend the official Debit, Prepaid Cards and Remittance Partner of Leagues Cup – the official Concacaf […]

Bangor Savings Bank’s commitment to employees, customers, and communities led to growth for its 2023 Fiscal Year thumbnail

Bangor Savings Bank’s commitment to employees, customers, and communities led to growth for its 2023 Fiscal Year

Bank builds on its “here for generations” 171-year history with accessible banking, customer-centered innovations, and deep community, business, and consumer relationships BANGOR, Maine–(BUSINESS WIRE)–Bangor Bancorp, MHC and its subsidiary Bangor Savings Bank announced it ended Fiscal Year 2023 (FY23) with over $7.4 billion in assets, up 7.1% from the prior year. Bangor Savings Bank attributes […]

Intuit Supercharges Intuit GenOS with OpenAI’s Large Language Models to Bring GenAI Experiences to Customers thumbnail

Intuit Supercharges Intuit GenOS with OpenAI’s Large Language Models to Bring GenAI Experiences to Customers

Company accelerates development on its generative AI operating system to create game-changing user experiences, with speed at scale, for consumers and small businesses MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced that it is working with OpenAI to accelerate generative AI […]

Startup Invest Inc. Launches First of its Kind Machine-Learning Investment Platform thumbnail

Startup Invest Inc. Launches First of its Kind Machine-Learning Investment Platform

Offers a $200K Tournament and Exclusive Investment Opportunity for any registered investor LOS ANGELES–(BUSINESS WIRE)–#DataDrivenInvesting–Invest Inc., a fintech-adtech hybrid based in Salt Lake City, has announced the official launch of Invest.inc, a groundbreaking machine-learning-first investment research platform that provides retail investors with AI-driven, personalized, institutional-quality market insights and tools for making well-informed investment decisions. This […]

YouHold Launches New Website for Novice Investors thumbnail

YouHold Launches New Website for Novice Investors

LONDON–(BUSINESS WIRE)–YouHold.com, a financial technology company, has launched a new website that will help novice investors get information about the financial markets. The website, which is available in English, contains a wide array of information, including sections on market news and articles about finance. Mary Litvinova, the CEO of YouHold.com, said that the new site […]

Green Dot Issues Environmental, Social and Governance Report for 2022 thumbnail

Green Dot Issues Environmental, Social and Governance Report for 2022

Digital Bank and Financial Technology Company Reinforces Its Commitment to Responsible, Equitable and Sustainable Business Practices and Growth AUSTIN, Texas–(BUSINESS WIRE)–#BaaS–Green Dot Corporation (NYSE: GDOT), a leading digital bank and financial technology company providing seamless banking and payments services to consumers and businesses nationwide, has issued its 2022 Environmental, Social and Governance (ESG) Report. “We […]

ICE Reaches Record Open Interest Across Global Energy Markets thumbnail

ICE Reaches Record Open Interest Across Global Energy Markets

LONDON, NEW YORK & AMSTERDAM–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record open interest (OI) across its global energy futures and options markets of 50.4 million contracts on June 23, 2023, up 11% year-over-year (y/y). Across ICE’s global oil markets, OI is up 13% y/y […]

Juniper Research: Fintech & Payments Innovators Invited to Enter Future Digital Awards 2023 thumbnail

Juniper Research: Fintech & Payments Innovators Invited to Enter Future Digital Awards 2023

BASINGSTOKE, England–(BUSINESS WIRE)–Juniper Research is pleased to announce that entries are now open for the Future Digital Awards for Fintech & Payments 2023. Since 2008, the Future Digital Awards have recognised technology companies at the forefront of their respective fields: companies that deliver imaginative and innovative products or services that have the potential to disrupt […]

CoreLogic Expands Accessibility of Data, Analytics, and Insights through Integration with Databricks Marketplace thumbnail

CoreLogic Expands Accessibility of Data, Analytics, and Insights through Integration with Databricks Marketplace

More than 30 CoreLogic products available through Databricks Lakehouse Apps, enabling industry players to tackle mortgage and insurance challenges with industry-leading analytic capabilities IRVINE, Calif.–(BUSINESS WIRE)–#corelogic–CoreLogic®, a leader in global property information, analytics, and data-enabled solutions, has announced its integration with Databricks Marketplace, a move that significantly expands the accessibility of CoreLogic’s comprehensive datasets and […]

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