Business Wire

MAPFRE Deploys Guidewire for Personal Lines Business Innovation and Growth; Commercial Lines Transformation Through Guidewire Cloud Now Underway

Largest auto and home insurer in Massachusetts implements Guidewire to enable digital transformation and accelerate product launches WEBSTER, Mass. & SAN MATEO, Calif.–(BUSINESS WIRE)–$GWRE #ai–MAPFRE USA and Guidewire Software, Inc. (NYSE: GWRE), have successfully deployed a series of Guidewire products to advance MAPFRE’s digital transformation and accelerate product launches. As part of the transformation, MAPFRE […]

ValueSetters Announces Name Change to Netcapital Inc. and Reverse Split Effective November 5, 2020

New Name Leverages Netcapital’s Strong Brand and Trusted Technology Platform ValueSetters’ Common Stock Will Commence Trading on a Split Adjusted Basis Effective November 5, 2020 BOSTON–(BUSINESS WIRE)–$VSTR #Fintech—ValueSetters, Inc. (OTC:VSTR) today announced that the company will change its name to Netcapital Inc. effective November 5, 2020. Additionally, pursuant to the previously announced merger of ValueSetters […]

Featurespace Named Overall Winner of Global Fast Track Programme at Hong Kong FinTech Week

HONG KONG–(BUSINESS WIRE)–Featurespace™, the leading provider of Enterprise Financial Crime prevention software, has been named the overall winner of the inaugural Global Fast Track Programme, a contest created to help local and global enterprises grow and accelerate innovation through Hong Kong’s diverse fintech ecosystem. Held in conjunction with Hong Kong FinTech Week (2-6 November 2020), […]

Independence Works Better Together With the Right Technology

Keystone enhances the customer experience and connects its agents with smart tools via new agent portal NORTHUMBERLAND, Pa.–(BUSINESS WIRE)–#BetterTogether–In the insurance industry, data is powerful – and overwhelming – without the best technology. Keystone Insurers Group (Keystone) is harnessing insurtech with a new agent portal utilizing Veruna. The agent portal bridges simplicity with the flexibility […]

The Tech Tribune: 2021 Best Tech Startups in Washington, D.C.

NEW YORK–(BUSINESS WIRE)–#business—The Tech Tribune staff has compiled the very best tech startups in Washington, D.C. In doing our research, we considered several factors including but not limited to: Revenue potential Leadership team Brand/product traction Competitive landscape Additionally, all companies must be independent (unacquired), privately owned, at most 10 years old, and have received at […]

Gold Payment App CORO Granted Money Transmitter License in Alabama and Starts to Onboard Customers

MIAMI–(BUSINESS WIRE)–Coro Global Inc. (OTCQB: CGLO) (the “Company”) today announced its subsidiary Coro Corp. has been granted a Money Transmitter license by the State of Alabama’s Securities Commission. As a result, Alabama residents will have access to CORO – a payment app that allows customers to exchange, send and save gold and U.S. dollars easily […]

EML’s FINLAB Invests In Interchecks & Ignites International Expansion Aspirations

EML’s payment cards will be provisioned within the Interchecks platform and offered alongside Direct Deposit, Real-time Payments (RTP), Instant Deposit, Paper Check, eCheck and PayPal. BRISBANE, Australia–(BUSINESS WIRE)–#FinTech—EML PAYMENTS LIMITED (ASX: EML) (‘EML’) is delighted to confirm its strategic partnership and investment in payout start-up Interchecks Technologies, Inc. via its new FINLAB FinTech incubator. This […]

Juniper Research: Loans Issued via AI Underwriting to Reach $315 Billion by 2025, as Banks Leverage AI to Assess Risk

BASINGSTOKE, England–(BUSINESS WIRE)–A new Juniper Research study found that the value of unsecured loans issued via AI underwriting platforms will reach $315 billion in 2025, up from just $24 billion in 2020. This extraordinary 1,200% growth over 5 years will be driven by lenders seeking to leverage AI to rebuild and streamline their lending operations […]

YF Life Chooses HPE GreenLake to Accelerate Innovation and Business Growth

YF Life reduces capital expenditures by 35 percent and achieves faster deployment of new applications with HPE GreenLake HONG KONG–(BUSINESS WIRE)–Hewlett Packard Enterprise (HPE) today announced that YF Life Insurance International Ltd. (YF Life), a fast-growing fintech company offering one-stop risk- and wealth-management consulting services, has selected HPE as its new partner to power the […]

Discover Forms New Internal Data and Analytics Organization

Fintech-like DNA Unit to Advance Data-driven Business Decisions; Effort Will Accelerate Platform and Talent Sharing RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover Financial Services, a digital bank and payments provider, today announced the formation of a new Data and Analytics (DNA) organization within the company and named newly promoted Executive Vice President Keith Toney as Chief Data and Analytics […]

Archean Capital Partners Announces Investment in Invictus Growth Partners

PHILADELPHIA & NEW YORK–(BUSINESS WIRE)–Archean Capital Partners (Archean), a provider of strategic capital for emerging private equity firms, today announced a new $75 million commitment to Invictus Growth Partners (“Invictus”), a growth equity and small buyout firm with a focus on automation-enabled enterprise cloud software, cybersecurity and fintech. This is the fourth strategic investment for […]

HT Mobile Apps Releases New White Paper: “The Power of Modern Cross-Selling Lies in Data”

ANN ARBOR, Mich.–(BUSINESS WIRE)–HT Mobile Apps, (HTMA), an innovative fintech company serving banks and credit unions across the country with cost-effective services for attracting and retaining customers, announced today the availability of a new white paper, “The Power of Modern Cross-Selling Lies in Data.” In the white paper, HTMA compiles years of behavior based research […]

Arcus Announces Funding from Citi Ventures to Fuel Expansion and Partnerships in Latin America

Leading financial technology provider, Arcus, secures Citi Ventures’ first investment in Mexico NEW YORK–(BUSINESS WIRE)–Arcus, the Fintech-as-a-Service (FaaS) platform making fintech possible for everyone, today announced an investment from Citi Ventures for an undisclosed amount. This marks the first investment by Citi Ventures in a fintech company in Mexico, a country that has been experiencing […]

What’s FinTech’s Next Billion Dollar Idea? ScratchWorks Believes It’s Found Two

ScratchWorks launches first-ever streaming season of the accelerator series as three finalists compete for funding BOSTON–(BUSINESS WIRE)–ScratchWorks, a leading FinTech accelerator, today announced that Lifeworks and ReAllocate received a combined $5,000,000 of funding in its 3rd annual competition to connect innovative tech companies with investment and wealth management luminaries to advance the digital transformation of […]

DirectCash Bank Announces Approval of Name Change to Digital Commerce Bank

CALGARY, Alberta–(BUSINESS WIRE)–DirectCash Bank (“DCBank” or the “Bank”) today announced that it has received approval from the Office of the Superintendent of Financial Institutions Canada (“OSFI”) under the Bank Act (Canada) to change the name of the Bank from DirectCash Bank to Digital Commerce Bank in the English form and from Banque DirectCash to Banque […]

Edgar, Dunn & Company Welcomes Hugh Gallagher as Director

SAN FRANCISCO–(BUSINESS WIRE)–Edgar, Dunn & Company (EDC), an independent, global strategy consulting firm specialising in payments and digital financial services, today announced and welcomed Hugh Gallagher as Director in charge of EDC’s North American consulting business. Mr. Gallagher re-joins EDC after 14-years serving in executive roles with First Data (now Fiserv, NASDAQ: FISV), SunTrust Bank […]

CSI Partners with Hawthorn River to Provide Digital Loan Origination Solution

PADUCAH, Ky.–(BUSINESS WIRE)–Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, has partnered with Hawthorn River to offer community banks a digital loan origination solution that streamlines workflows and automates manual lending processes for consumer and commercial loans. Hawthorn River Lending is an end-to-end digital loan origination platform providing a […]

ACI Worldwide Drives Payments Innovation for Africa’s EFT Corporation, a Leader in Payments Solutions Across Africa

EFT Corporation to utilize ACI Enterprise Payments Platform to deliver secure and seamless payment services to financial institutions and merchants across the continent NAPLES, Fla.–(BUSINESS WIRE)–#ACI—ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that EFT Corporation, one of Africa’s leading payment solution providers, is utilizing the […]

AWS to Open Data Centers in Switzerland

New AWS Infrastructure Region will arrive in the second half of 2022, enabling customers to run workloads and store data in Switzerland while serving end users with even lower latency SEATTLE–(BUSINESS WIRE)–Amazon Web Services (AWS), an company (NASDAQ: AMZN), today announced it will open an infrastructure region in Switzerland in the second half of […]

LawPay Partners with Powerhouse Legal Research Tool, Casetext

Legal professionals can now sign-up for LawPay while inside the legal research platform AUSTIN, Texas–(BUSINESS WIRE)–AffiniPay, the technology behind the payment solutions LawPay, CPACharge, AffiniPay for Associations and DesignPay, is excited to announce a new partnership with Casetext. This one-of-a-kind partnership brings Casetext’s comprehensive research tool together with AffiniPay’s leading brand, LawPay. This partnership is […]

AffiniPay Announces New Integration with CE21 Lighthouse

Association professionals can now manage their entire operation with new integration from CE21 Lighthouse and AffiniPay AUSTIN, Texas–(BUSINESS WIRE)–AffiniPay for Associations is excited to announce their integration with CE21’s latest product—CE21 Lighthouse. With Lighthouse, associations of all sizes have access to robust association management tools, as well as CE21’s award-winning learning management solution, all from […]

Radius Bank Launches Commercial API Banking Platform and Developer Sandbox

Marks Next Step in the Radius + Treasury Prime Partnership BOSTON–(BUSINESS WIRE)–#API—Radius Bank, a forward-thinking digital bank, announced today the next step in its partnership with API (application programming interface) banking leader Treasury Prime with the launch of their Commercial API Banking Platform and corresponding sandbox testing environment. With API Banking, Radius has expanded its […]

myPOS Turns Smartphones Into POS Terminals

LONDON–(BUSINESS WIRE)–#SoftPOS–Business professionals can now take card payments directly on their Android phone with the new Soft POS solution myPOS Glass by the European fintech provider myPOS ( The innovative mobile app enables payments with contactless cards and smart accessories directly on a mobile Android phone. The accepted payments are deposited immediately in the merchant’s […]

LifeYield Unlocks $2.3B of Potential Lifetime Social Security Benefits in Q3 2020

Social Security Advantage® reveals nearly $7.7B YTD in added retirement income for personal investors benefiting from LifeYield technology BOSTON–(BUSINESS WIRE)–The uncertainties of both an imminent presidential election and the long-term solvency of Social Security have pressured advisors to reassure their clients and deliver retirement income strategies that will create better outcomes. LifeYield LLC, the market […]

Clarity AI Raises $15m to Fuel Expansion of Platform That Empowers Investors to Manage the Societal Impact of Their Portfolios

DEUTSCHE BÖRSE LEADS FUNDING ROUND – CONDUCTED 100% REMOTELY DUE TO COVID-19 COMPANY REPORTS RISING DEMAND DURING PERIOD OF SOCIAL UNREST AND VOLATILITY NEW YORK–(BUSINESS WIRE)–Clarity AI announced today that it has closed a USD $15 million funding round led by Deutsche Börse AG and co-investor Mundi Ventures. Clarity AI empowers investors to manage the […]

The Helper Bees Launches Insurance Industry-First Digital Invoicing Payment Processing for Long-term Care Facilities

Enables long-term care insurance carriers to become more customer-centric through digital transformation Generates new data insights that can be implemented to improve care and payments for claimants THB Digital Invoicing product improves digital infrastructure to analyze claims data; platform has been deployed initially at multiple Fortune 500 insurance carriers AUSTIN, Texas–(BUSINESS WIRE)–#ATX—The Helper Bees (THB), […]

CSI Partners with Feeding America for CX20 Community Outreach

PADUCAH, Ky.–(BUSINESS WIRE)–Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, has partnered with Feeding America—the nation’s largest domestic hunger-relief organization—for a community outreach initiative during CSI Customer Experience 2020 (CX20), to be held virtually Nov. 17-19. Attendees are encouraged to share photos on Twitter illustrating how their organizations are […]

EML Unveils FINLAB Global FinTech Incubator At EMLCON2020

EML’s New FINLAB Incubator Will Immediately Benefit Two Disruptive Tech Brands BRISBANE, Australia–(BUSINESS WIRE)–#FinTech—EML PAYMENTS LIMITED (ASX: EML) (‘EML’) has announced details of its FinLab tech investment arm at the annual EMLCON2020 conference. FinLab strategically partners EML with early-stage companies developing groundbreaking embedded FinTech solutions. Its first series of investments involve industry disruptors Interchecks […]

tZERO Forges Agreement with Tynton Capital to Digitize & Trade its Proposed Digital Infrastructure Fund with a Planned Offering Size of $300 Million USD

NEW YORK–(BUSINESS WIRE)–tZERO, a leader in financial innovation and liquidity for private companies, announced today it has signed an agreement with Tynton Capital, a venture capital and private equity firm, to provide digitization services for its planned data infrastructure technology fund, which will be issued on the Tezos Blockchain. The fund has a planned offering […]

SmartMetric Biometric Contactless Credit and Debit Cards to Replace 4 Digit Pins to Make for a More Secure Card Transaction

NEW YORK–(BUSINESS WIRE)–#ameritrade–SmartMetric, Inc. (OTCQB: SMME) has created a biometric credit and debit card that has an inside the card, biometric fingerprint scan and recognition hardware solution. This allows for far greater security to the ubiquitous credit and debit card than the reliance on simple and insecure four-digit PIN’s (Personal Identification Numbers). “Using a card […]

Harris Williams Advises SentryOne on its Pending Sale to SolarWinds

RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising SentryOne, a portfolio company of Mainsail Partners, on its pending sale to SolarWinds (NYSE: SWI). SentryOne is a leading provider of mission-critical database performance monitoring and DataOps software for the Microsoft Data Platform, including SQL Server, Azure […]

New Unbabel Portal Unveiled to Manage Customer Service Language Operations

Gives Visibility and Analytics Around Subscription and Usage Data to Fully Optimize a Customer Service Team’s Efficiency SAN FRANCISCO–(BUSINESS WIRE)–#AItranslation—Unbabel, the AI-powered, human-refined translation platform that enables multilingual customer service at scale, launched today the Unbabel Portal, an interface on top of the Unbabel Platform, which offers customers the most dynamic visualization and increased control […]

TELUS International Invests in Advanced Technologies Via Innovation Labs

iLabs pioneers solutions for a digitally-enabled and connected world, including AI, automation, language processing and more LAS VEGAS–(BUSINESS WIRE)–TELUS International, a leading global customer experience (CX) and digital solutions provider, today announced the launch of its Innovation Labs (iLabs), an R&D initiative that represents the company’s investment in developing next-generation solutions for future customer interactions. […]

Restaurants Enhance Touchless Dining Experience with Scan to Order from Clover

New feature enables restaurants to create digital menus accessible with QR codes and allows customers to order food, pay their tab, and tip for service digitally BROOKFIELD, Wis.–(BUSINESS WIRE)–Restaurants that utilize the popular Clover® point-of-sale (POS) platform from Fiserv, Inc., (NASDAQ: FISV), a leading provider of payments and financial services technology solutions, are now able […]

Multinational Corporations, Thwarted by COVID-19 Crisis and Currency Volatility, Suffer $17.5 Billion in FX Losses, According to Kyriba’s Q2 2020 Currency Impact Report

Negative Currency Impact Is Up 44 Percent in Quarter Impact on European Companies Increased 134 Percent Brazilian Real Shocks Multinationals SAN DIEGO–(BUSINESS WIRE)–The impact of currency volatility soared 44 percent in a single quarter, causing more than $17.5 billion in foreign exchange (FX) losses in Q2 2020, according to the latest Kyriba Currency Impact Report […]

Australia’s Global Talent Visa Program Sees Tech CEOs Swap Silicon Valley for Sydney

LONDON–(BUSINESS WIRE)–#Australia–Australia’s Global Talent Visa Program, also known as the Global Talent Independent Program, is making waves across the Pacific, attracting dynamic, high-profile business leaders to the country’s shores, with many hailing from the US. The program is fine tuned to attract only the world’s premium business talent, and this highly targeted approach has proven […]

Insights on the Global Blockchain Technology Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats – Technavio

LONDON–(BUSINESS WIRE)–#BlockchainTechnologyMarket–The blockchain technology market is expected to grow by USD 8.07 billion, accelerating at a CAGR of over 29% during the forecast period. Download Free Sample Report The increase in FinTech spending is one of the major factors propelling market growth. However, factors such as the network privacy and security concerns will hamper market […]

AM Best: Low Mortgage Rates Boosting Title Insurance Premiums (AM BestTV)

OLDWICK, N.J.–(BUSINESS WIRE)–In this episode of AMBestTV, Fred Eslami and David Blades, both associate directors, AM Best, discuss how U.S. title insurers are navigating through the COVID-led upheaval in the economy and the steps carriers are taking to innovate and streamline operations. Click on to view the entire program. Blades said U.S. title insurers […]

IMM Partners with Integra Software Systems to Equip Financial Institutions with Innovative Lending Technology

IMM and Integra’s partnership provides all-in-one lending solutions with eSignature capability RAHWAY, N.J.–(BUSINESS WIRE)–IMM, the only eSignature provider that specializes in eSignature and digital transaction solutions exclusively for financial institutions, and Integra, a longstanding provider of lending technology, have partnered to better power mortgage, consumer and commercial lending automation. Together, IMM and Integra will streamline […]

Sigma Enables Migo to Swiftly Pivot Marketing Strategy in Response to COVID-19

Financial Technology Firm Improves Marketing Campaign Response Rate by 47 Percent and Drives Exceptional Customer Retention with Self-service Business Intelligence SAN FRANCISCO–(BUSINESS WIRE)–Sigma Computing, an innovator in cloud analytics and business intelligence for enterprise teams, enabled Migo’s marketing team to temporarily pivot from driving new demand to temporarily helping with customer retention and recovery due […]

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