Techwire


FactSet Announces Helen Shan as New Chief Financial Officer

NORWALK, Conn., July 27, 2018 (GLOBE NEWSWIRE) — FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, today announced that Helen Shan will join as Chief Financial Officer (CFO) in September, 2018. Shan has more than 25 years of experience in business and financial services, and has held key executive roles […]

Live Oak Bancshares, Inc. Reports Second Quarter 2018 Results

WILMINGTON, N.C., July 25, 2018 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported second quarter net earnings available to common shareholders of $14.3 million, or $0.34 per diluted share, compared to $9.8 million, or $0.27 per diluted share, for the second quarter of 2017. “The power of the […]

ScratchWorks Recognized as a Finalist in the 2018 WealthManagement.com Industry Awards Program

The financial technology accelerator is recognized as a technology disruptor. Overland Park, Kan., July 24, 2018 (GLOBE NEWSWIRE) — ScratchWorks, a financial technology accelerator that connects innovative technology companies with investment and wealth management industry leaders, today announced it has been honored as a 2018 Industry Award finalist by WealthManagement.com. The recognition honors outstanding achievement […]

Ebix Acquires Pune Based Indus Software Technologies and Takes Leading Position in the Area of Providing Enterprise Lending Technology to Insurance & Financial Institutions

JOHNS CREEK, Ga., July 20, 2018 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ:EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that it has acquired India based Indus Software Technologies Pvt. Ltd. (Indus), a global provider of enterprise Lending software solutions to financial institutions, […]

Double Win for Jumio and Monzo at the UK Digital Awards 2018

FinTech duo recognised for exceptional user experience during the account onboarding process Jumio and Monzo win two gold awards at UK Digital Awards 2018 FinTech duo Jumio and Monzo were recognised for exceptional user experience during the account onboarding process. LONDON, July 18, 2018 (GLOBE NEWSWIRE) — Jumio and Monzo have been recognised for their […]

Sbanken ASA : Strong growth in profitability

Bergen, 13 July 2018. The Sbanken group had a strong growth in lending in the second quarter of 2018.The net profit increased to NOK 209.2 million, compared with NOK 154.7 million in the second quarter last year. The increase in profit was primarily a result of gains from the Vipps, BankAxept and BankID merger and […]

Umpqua Holdings Corporation Names Shawn Ahmed President and CEO of Pivotus, Inc.

New Leadership Bolsters Umpqua’s Innovation Arm Shawn Ahmed President & CEO of Pivotus, Inc. PORTLAND, Ore., July 12, 2018 (GLOBE NEWSWIRE) — Umpqua Holdings Corporation (NASDAQ:UMPQ), the parent company of Umpqua Bank, has appointed Shawn Ahmed as the new president and chief executive officer of Pivotus, the company’s innovation arm. With years of expertise leading both […]

Voting for the World Finance Digital Banking Awards is now open

LONDON, July 09, 2018 (GLOBE NEWSWIRE) — Going to the bank no longer means walking into a local branch. As technology advances, the way people interact with their money is changing dramatically, with most banking now being carried out in the digital realm. Agile financial technology companies are accelerating their disruption of traditional banking practices, […]

Liechtenstein leads the change towards sustainable finance

LONDON, July 06, 2018 (GLOBE NEWSWIRE) — Financial firms must quickly come to grips with two complex issues to survive in the marketplace for the long haul: digitalisation and sustainability. Digital innovations offer opportunities that could foster radical change in the financial sector, but regulators are struggling to keep up with the pace, while data […]

Stefanini Highlights Agile Solutions to Digitally Transform the Banking Market

The company’s portfolio includes cognitive intelligence, complete banking management, multi-channel, virtual reality and security. SOUTHFIELD, Mich., June 28, 2018 (GLOBE NEWSWIRE) — Stefanini, a $1B global IT provider, presented its portfolio of banking solutions at CIAB’s largest technology event for the financial sector, held June 12-14 in Sao Paulo, Brazil. Aligned with the new needs […]

Live Oak Bank Surpasses $500 Million in Renewable Energy Loans

WILMINGTON, N.C., June 14, 2018 (GLOBE NEWSWIRE) — Live Oak Bank has reached a milestone in closing over 100 renewable energy loans in just a year and a half, providing more than $500 million in financing to renewable energy project developers nationwide. Live Oak is the largest USDA Rural Energy for America (REAP) lender in the nation […]

Mitek and Signicat partner to improve digital customer on-boarding for financial institutions

Joint offering additionally helps customers to comply with PSD2, AMLD5 and eIDAS regulations SAN DIEGO and TRONDHEIM, Norway, June 04, 2018 (GLOBE NEWSWIRE) — Mitek (NASDAQ:MITK) a global leader in digital identity verification software solutions, and Signicat, the world’s leading trusted digital identity provider, today announced a partnership to improve the digital customer on-boarding process […]

Live Oak Bank Surpasses $100 Million in Insurance Loans

WILMINGTON, N.C., May 31, 2018 (GLOBE NEWSWIRE) — Live Oak Bank has reached a milestone in closing more than $100 million in financing to the insurance industry nationwide including retail agents, managing general agencies, and third-party administrators. Live Oak is one of the top insurance lenders in the country, according to data from the Small Business Administration, […]

Corvil Wins Best Time Synchronisation Solution at A-Team Group’s RegTech Awards 2018

Corvil’s UTC Traceability solution for MiFID and CAT compliance recognized for its innovation and value in accelerating customer compliance with emerging regulations Corvil Wins Best Time Synchronisation Solution at A-Team Group’s RegTech Awards 2018 – Corvil’s UTC Traceability solution for MiFID and CAT compliance recognized for its innovation and value in accelerating customer compliance with […]

Black Knight Enables Digital Loan Data and Document Fulfillment with Lender Price, Expands Collaboration Via Agnostic APIs

LoanSphere Expedite enables electronic signature and document fulfillment capabilities for Lender Price’s Point of Sale Digital Lending solution Black Knight’s open API expansion allows for simplified loan solutions for digital mortgage POS providers Expedite APIs enable consistency of loan-related data and documents throughout the loan process Black Knight’s centralized digital API marketplace fosters innovation in […]

Tech CU Wins CUNA Diamond and Communitas Awards

Honored for its TV and Radio Ads, Community Service and Corporate Social Responsibility SAN JOSE, Calif., March 29, 2018 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that its advertising has won the company two CUNA Diamond Awards in the categories of commercial video and radio ads. Additionally, the company won its first […]

Microsoft and BankSight Collaborate with Judo Capital to Deliver Innovative Small Business Lending Platform

Launch of Australia’s first true challenger bank, purpose-built to become a trusted ally and partner to Australia’s small and medium-sized businesses SAN FRANCISCO, March 27, 2018 (GLOBE NEWSWIRE) — Judo Capital is founded on the belief that the financing skills needed by the SME (small and medium-sized enterprise) community have been lost to increasingly centralized […]

Franklin Templeton Acquires Data Science Investment Firm Random Forest Capital

Marketplace Lending Expertise to Complement Franklin Templeton Fixed Income Group Capabilities SAN MATEO, Calif., March 20, 2018 (GLOBE NEWSWIRE) — Franklin Resources, Inc. (NYSE:BEN), which operates as Franklin Templeton Investments, today announced the acquisition of Random Forest Capital, LLC (“Random Forest”), an investment firm with expertise in data science and non-bank marketplace lending. Following the […]

No Borders, Inc. (OTC: NBDR) Successfully Finalizes Reverse Merger with Lannister Holdings, Inc.

PHOENIX, AZ, March 19, 2018 (GLOBE NEWSWIRE) — No Borders, Inc. (the “Company”), announces that it has completed a reverse merger (the “Transaction”) under which Lannister Holdings, Inc. became a wholly owned subsidiary of No Borders, Inc. (OTC-NBDR).  The Transaction closed on March 8, 2018. The Company’s common shares trade on the OTC Markets under […]

FORMER NYMEX PRESIDENT TO LAUNCH WORLD’S FIRST DIGITAL ASSET EXCHANGE FOR HIGH-FREQUENCY TRADING

Institutional Level Volume, Speed and Security With An Integrated Digital Asset Bank & Trust Boca Raton, Florida, March 13, 2018 (GLOBE NEWSWIRE) — Today, at the Futures Industry Association Conference in Boca Raton, Florida, J. Robert Collins Jr., former President of the New York Mercantile Exchange, and a founder of the Dubai Mercantile Exchange, announced […]

Tech CU’s Jeannine Boettcher Wins YWCA Silicon Valley Tribute to Women Award

Company Also Wins Three AVA Digital Awards SAN JOSE, Calif., March 07, 2018 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that its vice president of human resources, Jeannine Boettcher, has won the YWCA Tribute to Women Award. Additionally, Tech CU was honored with three AVA Digital awards for the company’s digital ads, […]

Open Source Strategy Forum Announces 2018 Event in London and Opens Call for Papers

Gabriele Columbro Executive Director, Symphony Software Foundation Jim Jagielski Co-Founder and Vice Chairman, Apache Software Foundation PALO ALTO, Calif., March 06, 2018 (GLOBE NEWSWIRE) — Symphony Software Foundation (the Foundation), the nonprofit organization fostering open source software innovation in financial services, will be hosting its second Open Source Strategy Forum on November 14, 2018. Following […]

Future of Digital Banking Report 2018 with Profiles of Players Across Internet & Mobile Banking, Cloud, Mobile Wallet, Payment Gateway, Crypto-Currencies, Big Data and Security Service Providers

Dublin, Feb. 28, 2018 (GLOBE NEWSWIRE) — The “Future of Digital Banking” report has been added to ResearchAndMarkets.com’s offering. The report includes a detailed analysis of the market, the opportunities in digital banking, the ecosystems and emerging models and a brief profile of players across internet & mobile banking, cloud service, mobile wallet, payment gateway, […]

Volante Technologies supports SWIFT Standards Release 201

Immediate support ensures Volante clients can avoid the non-compliance challenges of mandated standards change in cross border payments and trade finance New York, NY, Feb. 26, 2018 (GLOBE NEWSWIRE) — NEW YORK, LONDON, DUBAI, MEXICO CITY, 26 February 2018 – Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments […]

Global Banking Recovery Stalls, as Risk and Regulatory Costs Bite

Bank Value Creation Weakens Worldwide, Eroded by Rising Risk, Regulation, and Compliance Costs, and Heavy Penalties; Four Initiatives Are Critical for Risk Management Agenda, Says Report by The Boston Consulting Group Financial Penalties on Banks for Noncompliance Rose Financial Penalties on Banks for Noncompliance Rose NEW YORK, Feb. 22, 2018 (GLOBE NEWSWIRE) — A decade […]

Confluence and ICE Data Services to Help Firms Meet SEC Modernization Reporting Requirements

Pittsburgh, PA, Feb. 20, 2018 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced an agreement with ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE), to help asset managers meet their compliance obligations with respect to SEC Modernization and other regulatory […]

Tech CU Provides $23 Million Construction Loan to W.L. Butler, Inc. to Develop a new Apartment Project Overlooking San Mateo’s Central Park

SAN JOSE, Calif., Feb. 14, 2018 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that it is providing a $23 million construction loan to W.L. Butler, Inc. The loan will fund the development of a 60-unit apartment building overlooking Central Park in San Mateo. “We are thrilled to be able offer this financing […]

3D Innovations (3di) Reaches Impressive Milestone in Licensing Cost Avoidance on Behalf of Clients

LONDON, UNITED KINGDOM and NEW YORK, NY–(Marketwired – February 14, 2018) – 3d innovations, a data management software and services firm, today announced that in collaborating with financial institutions on data governance initiatives, the firm has reached an impressive figure of over USD one billion in cost avoidance. 3di have arrived at this positive checkpoint […]

Pilatus Bank Chairman Discusses Whether FinTech is the ultimate solution to our everyday banking needs

Pilatus Bank Chairman Ali Sadr Pilatus Bank Chairman Ali Sadr LONDON, Feb. 05, 2018 (GLOBE NEWSWIRE) — We are living amid a constantly evolving digital landscape. FinTech startups and challenger banks are continuously launching new advanced digital products on the market. Consumers, being blown away by flashy technologies, demand for their banks to reinvent themselves […]

Northrim BanCorp Earns $13.2 million, or $1.88 per Diluted Share, in 2017 Gain from Sale of Subsidiary, Revaluation of Deferred Tax Assets, and Other Non-Operating Items Impact Profits

ANCHORAGE, Ala., Jan. 29, 2018 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported profits for both the fourth quarter and full year in 2017. Net income attributable to the Company (“net income”) was $13.2 million, or $1.88 per diluted share, in 2017, compared to $14.4 million, or $2.06 per diluted […]

Pilatus Bank COO addresses the challenges banks face in their quest for digital transformation

Pilatus Bank Chief Operating Officer Luis Felipe Rivera Pilatus Bank Chief Operating Officer Luis Felipe Rivera LONDON, Jan. 11, 2018 (GLOBE NEWSWIRE) — The reality is that fintech startups and challenger banks are threatening to make a major dent in the banking industry as a result of the emergence of digital technology. As an endless […]

SALT’s Lending Platform to Allow WAX Tokens as Collateral for Loans

DENVER, Dec. 20, 2017 (GLOBE NEWSWIRE) — Following its successful token generation event, WAX today announced it will use blockchain-backed loan platform SALT to allow token holders to use WAX as collateral for cash loans.  WAX token holders will be able to keep their cryptocurrency assets, including gaming skins and crypto collectibles, while accessing cash […]

Chairman of Pilatus Bank gives a sobering speech concerning customer trust in the banking and fintech industries at Wealth 2.0 conference

Pilatus Bank Chairman Ali Sadr Pilatus Bank Chairman Ali Sadr LONDON, Dec. 20, 2017 (GLOBE NEWSWIRE) — In banking and fintech, the most important commodity is “trust.” Ali Sadr, Chairman of Pilatus Bank, believes that it is important to recognize where the banking industry stands relative to other industries on the trust scale. The automotive […]

Confluence Predicts RegTech Will Make Way for “DataTech” Movement in Fund Services Operations in 2018

As regulatory uncertainty continues and SEC Modernization becomes reality, Confluence predicts broader data-centricity in business operations and the adoption of data analytics in fund compliance and governance Pittsburgh, PA and London, Dec. 18, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced a […]

Confluence Wins “Best Use of the Agile Methodology” at 2017 American Financial Technical Awards

Pittsburgh, PA, Dec. 12, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, has been awarded “Best Use of the Agile Methodology” at the 2017 American Financial Technical Awards (AFTAs), hosted by Waters magazine and WatersTechnology.com. This marks the second year in a row that […]

Tech CU Named One of Silicon Valley’s Most Philanthropic Companies for the Third Consecutive Year; Launches Holiday Campaign to Benefit Family Giving Tree

SAN JOSE, Calif., Dec. 08, 2017 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) today announced that it was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, an honor the company has received for the past three years. Additionally, this holiday season, Tech CU announced it will be working closely […]

Confluence Appoints Bill Kinnard as Vice President of Client Experience

Seasoned Asset Management Fintech Leader to Focus on Client Servicing Pittsburgh, Nov. 28, 2017 (GLOBE NEWSWIRE) — Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting, today announced the appointment of William “Bill” Kinnard as Vice President of Client Experience. Kinnard has over 18 years of experience in leading […]

Pilatus Bank advises a fintech strategy can be as much of a challenge as an opportunity for the majority of banks

Pilatus Bank COO Luis Rivera Pilatus Bank COO Luis Rivera We are living in a constantly evolving digital landscape says Pilatus Bank. Fintech startups and challenger banks are continuously launching innovative and advanced digital products on the market. Consumers experience instant gratification with immediate access to the latest technologies via their always-on mobile phones, Wi-Fi-connected […]

Future of Digital Banking Markets Report 2017: Across Internet & Mobile Banking, Cloud Service, Mobile Wallet, Payment Gateway, Crypto-Currencies, Big Data & Security Service Providers

Dublin, Nov. 20, 2017 (GLOBE NEWSWIRE) — The “Future of Digital Banking” report has been added to Research and Markets’ offering. This report on the Future of Digital Banking’ offers banks looking to invest in their digital banking initiatives, and fintech companies looking to address this market, a single source of information and objective assessments […]