Press releases and announcements from the world of banking technology, fintech, payments and paytech, and the broader financial services sector, distributed by Business Wire.

Medallion Financial Announces Second Fintech Strategic Partnership at Medallion Bank

NEW YORK–(BUSINESS WIRE)–Medallion Financial Corp. (Nasdaq: MFIN, “Medallion Financial” or the “Company”) announced today that Medallion Bank (Nasdaq: MBNKP, “the Bank”) has entered into a definitive agreement with ClearGage, LLC to provide loan origination services. ClearGage operates a technology platform which allows merchants or providers to offer a point-of-sale consumer finance program and ongoing loan […]

AM Best Assigns Credit Ratings to CRABI, S.A. de C.V.

MEXICO CITY–(BUSINESS WIRE)–AM Best has assigned a Financial Strength Rating of B (Fair), a Long-Term Issuer Credit Rating of “bb+”, and a Mexico National Scale Rating of “a+.MX” to CRABI, S.A. de C.V. (Crabi) (Mexico City, Mexico). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Crabi’s balance sheet strength, which […]

Webinar: Demystifying the Fintech Enablement Ecosystem

i2c Joins Visa and Car IQ to Discuss Enabling Partnerships Through Modern Payments Infrastructure Stacks REDWOOD CITY, Calif.–(BUSINESS WIRE)–i2c Inc., a leading provider of digital payment and banking technology, will be joining host Visa’s webinar on demystifying the fintech enablement ecosystem on March 10th, 2021. i2c CEO and founder, Amir Wain, joins the conversation along […]

Socure and Baker Tilly Partner to Establish Intelligent KYC Assurance for Fintechs and Banking Institutions

Baker Tilly audit of Socure’s Intelligent KYC solution provides product accuracy verification, establishes regulatory compliance, and creates further trust with clients NEW YORK–(BUSINESS WIRE)–#dataprotection—Socure, the leader in Day Zero identity verification, and Baker Tilly, announced today the companies have successfully completed an audit of Socure’s Intelligent KYC solution. The report verifies that Socure’s Intelligent KYC […]

CHSI Technologies Excited to Announce Rebrand to Insurium

Insurium is a Market-Leading SaaS InsurTech Provider Delivering Commercial Insurance Software Configured Like Their Clients’ Business, to Grow Their Clients’ Business DENVER–(BUSINESS WIRE)–#commercialinsurance–CHSI Technologies, the market-leading SaaS InsurTech platform for policy and claims life cycle management, billing, real-time decision support and analytics, announced its exciting rebrand to Insurium. Insurium’s market-leading cloud-based platform provides a 360-degree […]

The Change Company Names B.C. Silver President of Digital Banking

IRVINE, Calif.–(BUSINESS WIRE)–#africanamerican–The Change Company, America’s Community Development Financial Institution (CDFI), has named B.C. Silver to be its President, Digital Banking and the Chief Executive Officer of Change Finance. “I am excited by the opportunity to join The Change Company to bring real change and financial inclusion to underserved individuals, in communities like my hometown […]

CLARA Analytics Offers Rapid-Turnaround Data Quality Service for Insurers

CLARA Network Analyzer Matches and De-dupes Medical Provider Records, Driving Greater Accuracy and Efficiency in Claims Management SANTA CLARA, Calif.–(BUSINESS WIRE)–#AI—CLARA Analytics (“CLARA”), the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, today announced the availability of Network Analyzer, an API-based data quality service that matches and de-duplicates medical provider records […]

Temenos and Canadian Western Bank Break the Boundaries of SME Banking with an Explainable AI Digital Banking Solution

Temenos Virtual COO offers open banking-driven data aggregation with real-time insights for SME owners to take control of their business growth, ultimately enabling smarter funding First Explainable AI-driven solution in the market empowers SMEs by providing a Virtual Chief Operating Officer in your pocket – a digital advisor for smart decision-making – helping SMEs run […]

KKR to Acquire Integrated Specialty Coverages (ISC)

Growing insurtech company will continue to scale its proprietary insurance platform across the specialty insurance market by leveraging KKR’s deep experience across the insurance value chain NEW YORK & CARLSBAD, Calif.–(BUSINESS WIRE)–Integrated Specialty Coverages (“ISC” or the “Company”), a leading, multi-line insurance distributor that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and […]

Signifyd Expands EMEA Team to Help Merchants Provide Customers With Seamless SCA Experiences

Retail, banking and financial technology experts join the Signifyd team to provide guidance and seamless solutions for merchants facing Strong Customer Authentication regulations LONDON–(BUSINESS WIRE)–#Ecommerce–Signifyd, the market leader in ecommerce guaranteed fraud and consumer abuse protection, introduced an expanded team of veteran SCA experts today from the retail, banking and financial technology fields to serve […]

Pine Labs expands in Southeast Asia

NEW DELHI, India–(BUSINESS WIRE)–#BankingSegment–Pine Labs, a leading merchant commerce platform in Asia, announced key organizational changes to further strengthen its growth opportunities, presence and its commitment to the region. Pine Labs subsidiary, Qwikcilver has made significant progress in evangelising and pioneering the Prepaid Stored Value and Gift Card category in the Southeast Asian region over […]

Next Step Enhances Its Fintech Consulting Model in Response to a Record Number of Core and Digital Banking System Evaluations Being Launched

Next Step Explains How Its Fintech Consulting Model Is Delivering Optimal Client Collaboration & Efficiency ORLANDO, Fla.–(BUSINESS WIRE)–#banking–The pandemic crisis has been a catalyst for transformative initiatives for community banks and credit unions and Next Step has been at the forefront during this transformation. Equipped with an innovative model, Next Step positions its clients for […]

NowLake, a New Fintech Company Formed from Westlake and Nowcom, Announces a Strategic Partnership with National Digital Dealership, Carsfast

LOS ANGELES–(BUSINESS WIRE)–#autoprequalification–NowLake Technology, LLC announces a strategic partnership with Carsfast to enable consumers to buy and finance vehicles through SMS chat bots. Car shoppers will now be able to get a pre-qualification with Westlake Financial and search for cars that fit their payment and amount financed loan criteria through Carsfast’s SMS technology. “The technology […]

Minu, the Largest Pay On Demand Player in Latin America, Raises $14 Million to Cement Financial Wellness in the Mexican Workforce

MEXICO CITY–(BUSINESS WIRE)–#Financialstress—Minu, an employee financial wellness company, today announced that it has raised $14 million in Series A funding. The round was led by FinTech Collective, with participation from VEF, XYZ Ventures, and FJ Labs, as well as DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale. Existing investors QED Investors, Next Billion Ventures, […]

FINBOA Reflects on Record Success in 2020

HOUSTON–(BUSINESS WIRE)–FINBOA, Inc., a leading innovator in digital automation and regulatory compliance for financial institutions, announced record growth in 2020, entering 2021 positioned to reach new heights. FINBOA attributes its continued growth to a growing portfolio of solutions for banks and credit unions, including Regulation E Dispute Tracking, CIP/Loan Exception Tracking, ACH Origination, and Legal […]

Redpoint Survey: Majority of Consumers Say Banks are Failing to Meet Expectations for Personalized Experiences

Consumers Expect Clear, Consistent and Personally Informed Communications from Financial Institutions WELLESLEY, Mass.–(BUSINESS WIRE)–Redpoint Global, a leading software provider that helps brands deliver revenue-generating and personalized customer experiences, today announced new research revealing major gaps in customer expectations and delivery of services by financial institutions. Conducted by Dynata, the survey of more than 1,000 U.S. […]

iCapital Network® Expands Product Offering for Accredited Investors with iCapital KKR Private Markets Fund®

KKR Closes Investment in iCapital Network NEW YORK–(BUSINESS WIRE)–iCapital Network®1, the global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, and KKR, a leading global investment firm, today announced that iCapital RF Adviser, a registered investment adviser and subsidiary of iCapital,2 has been appointed investment adviser […]

Ault Global Holdings Buys 9.99% Equity Interest in SunLink Health Systems, Inc.

LAS VEGAS–(BUSINESS WIRE)–$AP #AMEX–Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”), announced that as of February 26, 2021, the Company and related parties have purchased an aggregate of 683,032 shares of common stock, constituting a 9.9% equity interest in SunLink Health Systems, Inc. (NYSE American: SSY) (“SSY”) at a weighted […]

Dividend Finance Announces the First Governance, Risk & Compliance Solution That Intelligently Links to How Companies Operate

RegLynk GRC Integrates Directly Within Organizations Creating Comprehensive and Intuitive Compliance Risk Management SAN FRANCISCO–(BUSINESS WIRE)–Dividend Finance, a top-five lender to U.S. residential solar and home energy markets, today announced the public launch of RegLynk, its proprietarily- developed Governance, Risk and Compliance (GRC) platform software solution which will now be made available to third-party customers. […]

Carpe Data Partners with Unqork to Help P/C Insurers Improve Automation, Enhance Accuracy and Reduce Costs Across Rate-Quote-Bind and Claims Solutions

Integration of emerging and alternative data into enterprise no-code platform brings insurers unprecedented speed-to-market and insight SANTA BARBARA, Calif.–(BUSINESS WIRE)–#AI—Carpe Data, a leading provider of emerging and alternative data for insurance, and Unqork, the leading enterprise no-code application platform, have entered into a partnership to help property and casualty (P&C) insurers drive speed, reduce fraud […]

Xendit Raises US$64.6 Million Series B Led by Accel to Scale Its Digital Payments Infrastructure Ushering in a New Era of Economic Security and Reliability in Southeast Asia

JAKARTA, Indonesia–(BUSINESS WIRE)–Xendit, the fastest growing digital payments infrastructure for Southeast Asia, announces it has raised US$64.6 million in a Series B round led by Accel to deliver more secure and reliable economic success in the region. Altogether, the company has raised $88 million in funding. Amid Southeast Asia’s rapid digital transformation, Xendit is quickly […]

Bank of New Hampshire Becomes First in State to Partner with ZSuite Technologies

Community financial institution to expand digital offerings with ZDeposit and ZRent BURLINGTON, Mass.–(BUSINESS WIRE)–#ZDeposit—Bank of New Hampshire has selected ZSuite Technologies, a financial technology company offering digital tools that help businesses and individuals automate collection of recurring payments and manage security deposits, to expand its digital offerings. Through this partnership, Bank of New Hampshire is […]

Best’s Review Looks at How the Pandemic Is Transforming the Insurance Industry

OLDWICK, N.J.–(BUSINESS WIRE)–The March issue of Best’s Review reports on the ways the insurance industry has had to adapt to COVID-19 and the new directions insurers have begun to explore. In “The Pandemic Has Accelerated the Pace of Digital Transformation and Product Innovation in Insurance,” Best’s Review looks at how the pandemic has forced the […]

ACI Worldwide and the Internal Revenue Service to Offer New Tax Payment Options for Taxpayers—Including Unbanked and Underbanked Populations—with ACI Payments, Inc.

ACI is the first and only provider to make cash transactions possible for taxpayers through new digital barcode feature OMAHA, Neb.–(BUSINESS WIRE)–#BillPayments—ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that the Internal Revenue Service (IRS) will allow taxpayers to make cash transactions through a new digital […]

Irish-based Fintech Firm Horizon8 Launches valid8Me, The Digital Identity Vault Solution Transforming Customer Onboarding

CORK, Ireland–(BUSINESS WIRE)–#aml—Horizon8, an innovative technology firm has launched a game-changing and award winning digital identity platform and mobile application, valid8Me, that transforms the customer onboarding and Know Your Customer (“KYC”) document sourcing challenge for regulated companies across multiple industries, including Accountancy, Legal, Funds, Asset Management, Banking, Insurance and Real Estate. Average customer onboarding times […]

Prepaid Financial Services Is Now Known As EML Payments

PFS has been fully integrated into EML’s international payments business. LONDON–(BUSINESS WIRE)–EML Payments Limited (ASX: EML) (S&P/ASX 200) is delighted to announce that the Prepaid Financial Services’ brand has completed a seamless and disruption-free integration to become an integral part of EML’s global payments ecosystem. EML is pleased to confirm that every existing contract, partnership […]

Ireland’s Croí Laighean Selects Temenos SaaS to Create Credit Union of the Future

Temenos front-to-back software-as-a-service will help Croí Laighean to close the technology gap with the big banks to attract a new generation of members and drive growth Temenos SaaS supports Croí Laighean to achieve a hyper-efficient cost models and rapidly launch innovative personalized products GENEVA, Switzerland–(BUSINESS WIRE)–Temenos (SIX: TEMN), the banking software company, today announced that […]

ACI Worldwide and InComm Payments Partner to Digitize Cash Payments, Driving Financial Inclusion Amid the Pandemic

Cash-preferred consumers can use barcode payment tokens at participating retail locations to quickly pay bills with cash OMAHA, Neb.–(BUSINESS WIRE)–#BillPayments—ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, and InComm Payments, a leading global payments technology company, today announced a partnership that will digitize cash payments through the use […]

WEX Expands Presence in Europe with OMV Win

PORTLAND, Maine–(BUSINESS WIRE)–WEX (NYSE: WEX), a leading financial technology service provider, announced today its agreement with OMV expanding its presence within Europe. WEX will implement its technology platform to manage OMV’s fuel card program across ten markets within Europe. The implementation is expected to be completed within the next two years. OMV produces and markets […]

Ethoca Delivers Deeper Consumer Engagement and Improved Transaction Clarity in an Increasingly Virtual World

Consumer demand for improved digital purchase transparency is on the rise Ethoca enhances and relaunches their Eliminator product as Consumer Clarity™ TORONTO–(BUSINESS WIRE)–Ethoca, a Mastercard company, is leveraging an industry-leading network, collaborative technologies, and deep relationships with payments stakeholders around the world to help businesses satisfy the growing demand for improved digital experiences. With its […]

Juniper Research: Insurtech Platform Premiums to Exceed $556 Billion Globally in 2025, as AI Drives Market Transformation

Insurtech to Represent 8% of Global Insurance Premiums by 2025 BASINGSTOKE, England–(BUSINESS WIRE)–#insurance–A new study by Juniper Research has found the total value of premiums generated by insurtech platforms – platforms with technology supporting insurance at the heart of their design – will exceed $556 billion in 2025, from $250 billion in 2020; growing by […]

FIS Unity Wealth Management Platform Named Best Technology Platform for Family Offices at Private Asset Management Awards

Key facts: FIS Unity was named Best Technology Platform for Family Offices at the 2021 Private Asset Management (PAM) Awards. FIS was also recognized as Best Family Office Service Provider – New Innovations for its wealth management solutions. JACKSONVILLE, Fla.–(BUSINESS WIRE)–Financial technology leader FIS® (NYSE: FIS) has received two awards for its wealth management solutions […]

Subscription “Terminator” Subaio Lands €4 Million Series A Investment from ex-Mastercard President

COPENHAGEN, Denmark–(BUSINESS WIRE)–#banking—What if there was a button to unsubscribe from all your paid subscriptions at once? There is, and a former Mastercard president just invested €4 million in it, as the global Corona pandemic has fueled an explosive “subscription surge.” What started off as a simple idea at a Danish hackathon in 2016, to […]

EMTECH and The Bank of Ghana Announce Partnership to Deploy Modern Central Sandbox™ to Accelerate Innovation, Provide for a Robust Financial Infrastructure, and Promote Financial Inclusion for the Unbanked and Underbanked

NEW YORK–(BUSINESS WIRE)–#africa–EMTECH, a first-of-its-kind fintech for central banks, today announced a partnership with the Central Bank of Ghana to deploy its Modern Central Bank Sandbox Platform™. The Central Bank of Ghana confirmed the collaboration in a release. The partnership with the Bank of Ghana will leverage EMTECH’s software to test innovative solutions, including blockchain, […]

Uply Media, Inc Bullish On Blockchain DWeb 3.0 Innovations

Blockchain Domains developed into Blockchain Websites are transforming the Internet, creating a decentralized web for new developing virtual economies. ALPHARETTA, Ga.–(BUSINESS WIRE)–#Blockchain—Uply Media, Inc a company creating innovative Blockchain Websites, today announced a bullish outlook for Blockchain DWeb 3.0 innovations. Revealing the transformation of the Internet into a decentralized web will grow new developing virtual […]

TrueNorth Joins Forces with Mambu

Offers Cost-Effective Integration of Modern Core Processor for US Financial Institutions SAN FRANCISCO–(BUSINESS WIRE)–#banking–TrueNorth, a global fintech software development company, today announced a partnership with Mambu, a SaaS banking platform which empowers tech-forward financial institutions to design and service nearly any financial product. This partnership creates a cost-effective way for regional banks, credit unions and […]

BlackRock Investment Institute Sees Green Energy Transition Driving 25%i Cumulative Gain in Output by 2040

Sustainable Asset Classes and Sectors Viewed as More Likely to Outperform Projected Sustainable Asset Returns Now Reflected in BlackRock Investment Institute’s Capital Market Assumptions NEW YORK–(BUSINESS WIRE)–The BlackRock Investment Institute (BII) believes that tackling climate change will drive significant economic improvements over the coming two decades and that the commonly held notion that it has […]

Step Surpasses One Million Users in Less Than Four Months

Closes new venture debt facility; welcomes Alex Rodriguez and Josh Richards to the #StepFam SAN FRANCISCO–(BUSINESS WIRE)–Step, the new modern-day financial services company built for teens and families, today announced it has crossed one million users. A first of its kind, Step offers users the ability to build credit before they turn 18 through a […]

Donegal Insurance Group Selects CoreLogic’s Leading Property & Casualty Claims Workflow and Management Solution to Enhance Customer Experience

Cloud-based digital insurance hub will enable faster processing of claims and enhance customer experience through the claims settlement process IRVINE, Calif.–(BUSINESS WIRE)–#Foreclosure–CoreLogic® (NYSE: CLGX), a leading global property data and analytics-driven solutions provider, today announced that Donegal Insurance Group, a family of property and casualty insurance companies, has selected CoreLogic as the technology provider to […]

smartTrade Wins Best FX Trading Solution Award for Second Consecutive Year

AIX-EN-PROVENCE, France–(BUSINESS WIRE)–#FX—smartTrade Technologies, a global leader in multi-asset trading technology, has for the second consecutive year won Best Trading Solution for FX Markets for its LiquidityFX trading platform at the TradingTech Insight Awards Europe 2021. The TradingTech Insight Awards recognise excellence in trading solutions and services for capital markets, focusing on vendors which provide […]

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