Techwire


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

MV Index Solutions Announces Quarterly and Semi-Annual Index Review Results Q2/2021

FRANKFURT, Germany–(BUSINESS WIRE)–MV Index Solutions GmbH (MVIS®) today announced the results of the quarterly and semi-annual MVIS index review. The following table shows a summary of the review results for selected indices, which are licensed to underlie financial products. All review results and more details can be found on www.mvis-indices.com. The following changes will be […]

RBAZ Bancorp, Inc. Completes Subordinated Note Offering

PHOENIX, June 11, 2021 (GLOBE NEWSWIRE) — RBAZ Bancorp, Inc. (OTCPK: RBAZ) (the “Company”), the holding company for Republic Bank of Arizona (the “Bank”), announced that it has completed a private placement of $6.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes to certain institutional accredited investors. The Company will use the proceeds […]

Republic Bank of Arizona Announces Formation of Bank Holding Company

PHOENIX, June 11, 2021 (GLOBE NEWSWIRE) — Republic Bank of Arizona (the “Bank”) announced the formation of RBAZ Bancorp, Inc. (OTCPK: RBAZ) (the “Company”), a bank holding company. Following shareholder and regulatory approval, Republic Bank of Arizona became the wholly-owned subsidiary of RBAZ Bancorp, Inc. effective June 10, 2021 through an Agreement and Plan of […]

FIDO Alliance Announces the FIDO Developer Challenge

First Global Program Invites Teams to Leverage Public FIDO2 WebAuthn API to Showcase Unique FIDO Authentication Ideas – Entry Deadline July 2, 2021 MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–The FIDO Alliance today announced the first global FIDO Developer Challenge. Building on the success of the FIDO Hackathon in Korea over the last few years, FIDO is globally […]

ICE Mortgage Technology Acquires eVault Technology from DocMagic for Encompass eClose

PLEASANTON,Calif. & TORRANCE, Calif.–(BUSINESS WIRE)–ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced it will deploy an eVault solution for secure storage of digital mortgages and notes, based upon technology acquired from DocMagic, Inc. The eVault technology will be integrated into ICE’s […]

Trifork joins Fintech company as co-owner together with Arbejdernes Landsbank, Nykredit and Spar Nord

Press releaseSchindellegi – Switzerland Trifork has agreed with the existing owners of the Fintech company YoungMoney ApS to invest in the company and receive an ownership of 25% in the company. Young Money ApS is currently delivering the Young Money App universe to children in Denmark. Currently this App solution has approximately 40,000 users and […]

WSFS and BMTC Receive Stockholder Approval to Combine

WILMINGTON, Del. and BRYN MAWR, Pa., June 10, 2021 (GLOBE NEWSWIRE) — WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today that their respective stockholders approved the previously announced merger of BMTC into WSFS at a special meeting of stockholders for each company. “Stockholder approval from both companies is another […]

indie Semiconductor and Thunder Bridge Acquisition II, Ltd. Announce Closing of Business Combination

indie To Begin Trading on Nasdaq June 11, 2021 as “INDI” ALISO VIEJO, Calif. & GREAT FALLS, Va.–(BUSINESS WIRE)–indie Semiconductor, an Autotech solutions innovator, and Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), a special purpose acquisition company, today announced the completion of their previously announced business combination. The combined company will retain the indie Semiconductor […]

Clip Becomes Mexico’s Fintech Unicorn

Raises U.S. $250 Million Investment Round to Democratize Payments and Grow Platform Ecosystem MEXICO CITY–(BUSINESS WIRE)–Clip, Mexico’s leading digital payments and commerce platform, today announced it has received a U.S. $250 million capital investment led by the SoftBank Latin America Fund and Viking Global Investors LP. The investment is the largest ever for a payments […]

Tavant, LoanBeam Partner to Enhance Digital Mortgage Experience with Automated Income Calculation

–Real-time income calculation improves complex underwriting, reduces risk SANTA CLARA, Calif.–(BUSINESS WIRE)–#automation—Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, today announced a strategic partnership with LoanBeam, a mortgage technology leader that specializes in data extraction and income calculation, to further enhance the digital mortgage experience with automated borrower income calculation. LoanBeam’s APPSolute™ suite […]

BlackRock Debuts Cloud Computing and 5G Multisector ETF (IDAT)

NEW YORK–(BUSINESS WIRE)–As digital connectivity expands across the globe and transforms the way society interacts with technology, today BlackRock announces the launch of the iShares Cloud and 5G Multisector ETF (NYSE: IDAT). IDAT seeks to track the investment results of the Morningstar® Global Digital Infrastructure & Connectivity Index. Morningstar’s forward-looking index uses fundamental Morningstar research […]

With Digital Transformation Gaining Traction Within Financial Services, Xtensifi Plays Pivotal Role in Connecting Fintechs and FIs

ATLANTA–(BUSINESS WIRE)–As digital transformation within consumer and business banking continues to accelerate, Xtensifi, a digital consulting and development firm that enables fintech organizations, banks and credit unions to create and execute their mobile and online strategies, continues to grow and is now actively managing projects with more than a half dozen different fintech firms and […]

BofA Expands Its Digital B2C Payment Offerings with Pay to Card

Solution Supports U.S. and Cross-Border Transactions via Bank Cards NEW YORK–(BUSINESS WIRE)–Bank of America is adding a new payment solution to its suite of business-to-consumer (B2C) payment capabilities. Named Pay to Card, the solution supports corporates’ growing need to pay consumers quickly and digitally by depositing funds directly into an individual’s or small business’ bank […]

QuickFee Appoints Eric Lookhoff as Chief Executive Officer

Lookhoff to drive growth, product development, and expansion into new markets LOS ANGELES–(BUSINESS WIRE)–#CEO–Financial technology company, QuickFee Limited (ASX:QFE) (https://www.quickfee.com), announces the promotion of Eric Lookhoff to Chief Executive Officer to take effect on July 1, 2021, when he will also join the QuickFee Board as an Executive Director. Lookhoff joined QuickFee in February 2021 […]

Socure Reports Explosive Growth of 113% Year-Over-Year and Emerges as the Industry Leader in Digital Identity Verification and Trust

Socure has become essential for companies seeking a competitive edge in customer acquisition by enabling them to say yes to every good consumer instantly while reducing risk online NEW YORK–(BUSINESS WIRE)–#dataprotection—Socure, the leading platform for digital identity trust, today announced 113% year-over-year growth, further cementing Socure’s critical position as the emerging leader in the industry. […]

Origin Launches Equity Manager to Demystify the Ins and Outs of Employee Equity Compensation

Financial wellness benefits provider expands platform to provide holistic view of employee total rewards SAN FRANCISCO–(BUSINESS WIRE)–With a flurry of skyrocketing valuations, huge IPOs and SPACs in recent months, equity compensation can make up the majority of an employee’s total compensation. However, if employees don’t understand how equity works, they are leaving a significant amount […]

Stax Leaders Named EY Entrepreneur of the Year 2021 Finalists

Suneera Madhani and Sal Rehmetullah part of a group of 18 Florida-based entrepreneurs selected as finalists ORLANDO, Fla., June 10, 2021 (GLOBE NEWSWIRE) — Ernst & Young LLP (EY US) recently named Stax CEO and founder Suneera Madhani and president and founder Sal Rehmetullah as finalists for the Entrepreneur Of The Year® 2021 Florida Award. Now […]

PenFed Credit Union Makes Card Management Easy with Digital Technology from Fiserv

Credit union will offer spending insights, safety controls and self-service capabilities through members’ smartphones, tablets and desktop computers BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today that PenFed Credit Union, the nation’s second largest federal credit union, will enhance its members’ ability to manage […]

Root, Inc. Celebrates More Ways Connected Drivers Can Get Quotes with RootReady

RootReady allows drivers to leverage their connected cars to get immediate quotes from Root based primarily on how they drive COLUMBUS, Ohio, June 10, 2021 (GLOBE NEWSWIRE) — Root, Inc. (NASDAQ: ROOT), the parent company of the Root family of insurance companies, today celebrates more ways for drivers of connected cars to get quotes based […]

Ria Money Transfer Adds Real Time Payments Through Brazil’s PIX Instant Payments Platform in Partnership with Banco Rendimento

Access to new Brazilian real time payment network enables instant local payments 24/7 throughout the country BUENA PARK, Calif., June 10, 2021 (GLOBE NEWSWIRE) — Ria Money Transfer, a world leader in the cross-border money transfer industry and subsidiary of Euronet Worldwide, Inc. (NASDAQ: EEFT), today announced the launch of instant payments in Brazil via the […]

Allfunds and iCapital Network® Announce Strategic Partnership to Improve Global Client Access to Private Markets

Partnership strengthens Allfunds’ private market and sub-advisory ambitions with integration of iCapital’s technology and solutions  Allfunds provides access to more than 1,500 major private and commercial banks and financial institutions globally ZURICH, Switzerland & NEW YORK & MADRID–(BUSINESS WIRE)–Allfunds, one of the world´s largest fund distribution platform and wealthtech industry leader, and iCapital Network1, the […]

US Payments Forum July Meeting to Explore New Payments Technology, Evolving Industry Standards and Payments in Transit

PRINCETON JUNCTION, N.J., June 10, 2021 (GLOBE NEWSWIRE) — The U.S. Payments Forum today announced the details for the virtual July Meeting. Payments leaders will gather to share insights on the latest technologies, challenges and updates in the industry through interactive virtual sessions, including keynotes, panels and roundtables. The meeting will take place virtually from […]

nCino Announces the Winners of Its Inaugural Customer Awards Program

Santander UK, CoBank and Barclays named recipients of Financial Services Impact Awards Nominations judged by leading research and advisory firm Celent WILMINGTON, N.C., June 10, 2021 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced the winners of the nCino Financial […]

Approov 2.7 Delivers New “Shield Right” Mobile Application API Protections Against Automated Attacks

Financial, connected cars, ecommerce and healthcare customers laud Approov platform. “Actual Use” pricing supports adoption by SMBs as well as large, hyperconnected enterprises. SAN JOSE, Calif. & EDINBURGH, Scotland–(BUSINESS WIRE)–Approov, creators of advanced API threat protection solutions, today introduced Release 2.7 of the Approov API Shielding platform which lets companies of all sizes adopt leading-edge, […]

Canadian Banks and Credit Card Issuers Not Separating from Pack Despite Continued Investment in Digital Capabilities, J.D. Power Finds

Customer Satisfaction Scores Increase as Growing Number of Users Migrate to Digital TORONTO–(BUSINESS WIRE)–Bank and credit card customers in Canada are interacting with mobile apps and websites at a higher rate than ever before, with a record 68% of retail bank customers using mobile banking and 55% now classified as digital-only. However, according to a […]

GBT is Approved for System Award Management (SAM) registration

Now eligible to conduct business with the US Government. SAN DIEGO, June 10, 2021 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”, or the “Company”) received an activation noticed for its System for Award Management (SAM) registration #832011626/91FW3. The active status makes GBT eligible to conduct business with the US government contractors and/or […]

FinLync Selected by Citrix to Power Treasury and Finance Teams 

Global leader selects FinLync’s API-driven Applications that provide immediate, actionable financial data to corporate treasurers and finance professionals NEW YORK–(BUSINESS WIRE)–FinLync, a privately held, global fintech company transforming corporate finance and treasury offices through its world-class products, today announced that Citrix, the builder of secure, unified digital workspace technology, has selected FinLync’s suite of SAP-certified […]

Q2 Unveils New Innovation Studio Solution

Q2 Innovation Studio enables banks and credit unions to have the freedom to differentiate and accelerate their digital innovation strategy AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced the launch of its new Q2 Innovation Studio solution to help banks and credit unions quickly […]

Redspin Announces it is the First Organization to Pass DoD’s Cybersecurity Maturity Model Certification Level 3 Assessment

AUSTIN, Texas–(BUSINESS WIRE)–$CTEK #C3PAO—Redspin, a division of CynergisTek (NYSE AMERICAN: CTEK), is the first organization to successfully pass the Cybersecurity Maturity Model Certification (CMMC) Level 3 certification as a Candidate CMMC Third Party Assessor Organization (C3PAO). Specifically, Defense Contract Management Agency (DCMA) Defense Industrial Base Cybersecurity Assessment Center (DIBCAC) determined Redspin’s security practices and processes […]

Stavvy Announces New Leadership Hires As Company Continues Aggressive Growth

On the heels of its historic $40M+ Series A funding, the fintech welcomes new impact, marketing, and legal hires to transform how remote business is conducted Kosta Ligris and Josh Feinblum, Cofounders of Stavvy Kosta Ligris and Josh Feinblum, Cofounders of Stavvy BOSTON, June 09, 2021 (GLOBE NEWSWIRE) — Stavvy, the fully-integrated digital transaction platform, […]

deepwatch Named to CyberTech100

Prestigious List Recognizes Leadership in Battling Cyberthreats in Financial Services Sector DENVER–(BUSINESS WIRE)–deepwatch, a leading provider of intelligence-driven managed security services, today announced its recognition in the second annual CyberTech 100 list which names the world’s most innovative providers of digital solutions in the financial services sector. FinTech Global, a specialist research firm, identified the […]

OppFi Announces New Relationship with Best Money Moves to Expand Credit Access Through Employers with SalaryTap

SalaryTap, a new employer payroll-linked loan product through OppFi’s platform, aims to widen credit access while reducing cost of borrowing Relationship with Best Money Moves designed to help more employees meet their credit access needs through SalaryTap CHICAGO–(BUSINESS WIRE)–Opportunity Financial, LLC (“OppFi“), a leading financial technology platform that powers banks to help everyday consumers gain […]

Mastercard True Name® Feature Expands Across the Globe Supporting Transgender and Non-Binary Communities Worldwide

Deployments with leading payments fintech Global Payments, as well as additional partners across Europe and North America help ensure cardholders worldwide can leverage their preferred name on their Mastercard cards PURCHASE, N.Y.–(BUSINESS WIRE)–As PRIDE month kicks off, Mastercard is proud to announce the expansion of its True Name® card feature across the globe as Global […]

Embroker Raises $100 Million to Expand Business Insurance Platform

Backing from FTV, Tola, and additional investors will support insurtech’s plan to go full-stack SAN FRANCISCO, June 09, 2021 (GLOBE NEWSWIRE) — Embroker, the digital business insurance platform making it radically simple to get insured, today announced it has secured $100 million in Series C funding. The funding round was led by FTV Capital with […]

DASH Expands Product Suite with the Launch of Risk, Allocation Tools

With DASH360 Risk and DASH360 Allocations, industry-leading technology provider further supports trading firms throughout the full trade lifecycle New York, June 09, 2021 (GLOBE NEWSWIRE) — DASH Financial Technologies (“DASH”), the leading U.S. options technology and execution provider, today announced the launch of DASH360 Risk and DASH360 Allocations. The highly customizable new products – which […]

Ault Global Holdings’ Subsidiary, Coolisys Technologies Corp., and ChargeLab, Inc. Enter a Partnership to Support the Launch of Scalable Electric Vehicle (EV) Smart Charging Solutions

ChargeLab, Inc. to Develop Suite of Charging Management Tools and Services for TurnOnGreen’s Portfolio of Residential and Commercial Chargers LAS VEGAS–(BUSINESS WIRE)–$AGH #AP—Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”), announced today that the Company’s subsidiary, Coolisys Technologies Corp®., a leading-edge technology company (“Coolisys”), has executed a partnership agreement with […]

Digital River and TreviPay Partner with Lenovo to Enhance the B2B Buying Experience with New Payment Options

New payment solution offers B2B buyers more flexibility and ease of purchase in the online checkout experience MINNEAPOLIS–(BUSINESS WIRE)–Digital River, an experienced global ecommerce enabler for established and fast-growing brands, today announced its innovative payment solution with TreviPay, a global fintech company that facilitates streamlined, frictionless commerce for buyers and sellers in the B2B space, […]

Global e-Commerce Market Report 2021: Market is Expected to Reach $16,215.6 Billion by 2027, Growing at a CAGR of 22.9% for 2020-2027

Dublin, June 09, 2021 (GLOBE NEWSWIRE) — The “E-commerce Market by Business Model, Browsing Medium, Payment Mode (Card Payment, Bank Transfer, Digital Wallet), Offering (Travel, Electronics, Beauty & Fashion, Household, Pharmaceuticals, Food & Beverages), and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering. The global e-commerce market is expected to […]

KAL Is Publishing Free, Open Source XFS SP Framework For ATMs

EDINBURGH, Scotland–(BUSINESS WIRE)–In an exciting first for the ATM industry, KAL is delighted to announce that we are publishing a new, free and open source implementation of XFS4IoT, the revolutionary XFS version 4 global standard that has the potential to transform the ATM world. The new standard for ATM software is ready for the IoT […]

DataStax Accelerates In Asia-Pacific With New Singapore Headquarters

Helps Endowus and SC Ventures (Nexus) Deliver Exceptional Data-Driven Customer Experiences SANTA CLARA, Calif.–(BUSINESS WIRE)–DataStax today announced it has expanded its footprint in the Asia-Pacific (APAC) market with the opening of a new office in Singapore. Establishing regional headquarters in Singapore marks a major global expansion for DataStax and comes hot on the heels of […]

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