Techwire


Eberl Claims Service Announces Acquisition of Transcynd Claim Partners

Companies join forces and further commit to offering comprehensive, tech-forward claims solutions to the U.S. property and casualty insurance industry Eberl Claims Service Announces Acquisition of Transcynd Claim Partners Companies join forces and further commit to offering comprehensive, tech-forward claims solutions to the U.S. property and casualty insurance industry. LAKEWOOD, Colo., Jan. 30, 2023 (GLOBE […]

iShares® iBonds® 2023 Term Maturity ETFs Near Final Distribution Dates

NEW YORK–(BUSINESS WIRE)–BlackRock announced today the planned termination of two 2023 iBonds ETFs, which possess the following timelines for trading, net-asset value (NAV) circulation and expected liquidation: Ticker Fund name Exchange Last day of trading Final NAV calculation date Liquidation date IBCE iShares® iBonds® Mar 2023 Term Corporate ex- Financials ETF NYSE Arca 3/30/2023 3/30/2023 […]

Insurtech COVU Leverages OpenAI to Streamline Insurance Agency Operations

REDWOOD CITY, Calif.–(BUSINESS WIRE)–COVU, the only all-in-one AI-enabled digital platform for insurance agencies, has released a new executive forecast on the industry shift toward using generative artificial intelligence (AI) tools to help insurance agencies streamline operations, customer service, and cross-selling opportunities. COVU is a pioneering insurtech startup that gives independent agencies comprehensive support and cutting-edge […]

KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2022 Financial Results and Cash Dividend

SMITHFIELD, N.C., Jan. 27, 2023 (GLOBE NEWSWIRE) — KS Bancorp, Inc. (the “Company”) (OTCBB: KSBI), parent company of KS Bank, Inc. (the “Bank”), announced unaudited results for the fourth quarter of 2022. The Company reported net income of $2.3 million or $2.11 per diluted share, for the three months ended December 31, 2022, an increase […]

UPDATE – PacWest Bancorp Announces the Evolution of Its Business Strategy

LOS ANGELES, Jan. 27, 2023 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq:PACW) (the “Company”) today announced a new strategic plan with a mission to maximize shareholder value by exceeding customer expectations. This plan focuses on strengthening our community bank businesses, exiting non-core products and services, and improving our operational efficiency. Specifically, the Company made the decision […]

River City Bank Reports a 6 Percent Increase to the Quarterly Cash Dividend on Common Shares

SACRAMENTO, Calif., Jan. 27, 2023 (GLOBE NEWSWIRE) — Steve Fleming, president and chief executive officer of River City Bank (the Bank), announced that the Bank’s board of directors has approved a 6 percent increase to the quarterly cash dividend from $0.33 per common share to $0.35 per common share. This increase was made in connection with […]

ICE Announces Plans to Implement EU Market Correction Mechanism and Related Price Cap on TTF Natural Gas

AMSTERDAM & LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced how it intends to implement the European Union’s Market Correction Mechanism Regulation (MCM Regulation) and related price cap on TTF natural gas derivatives, in time for entry into force of the regulation. ICE Endex, based […]

Greenwood Powers ‘Classically Ours’ Featuring Jeezy with the Atlanta Symphony Orchestra and Provides Exclusive Access to Elevate Members

Through New Lifestyle and Career Membership, Elevate, Greenwood also Provides Exclusive Access to the One-Night Only, Sold Out Performance ATLANTA–(BUSINESS WIRE)–Greenwood, the digital banking platform for Black and Latino individuals and businesses, is powering the debut performance of Classically Ours, a new concert series that blends the music of some of the biggest names in […]

Extension of the term of office of a Member of the Management Board of Bigbank AS

The supervisory board of Bigbank AS has decided on 25 January 2023 to extend the term of office of Mart Veskimägi as the member of the management board of Bigbank AS for another 3 years, beginning from the end of the previous term until 05 February 2026. The management board of Bigbank AS will continue […]

Provident Financial Services, Inc. Announces Record Fourth Quarter and Full Year Earnings, Declaration of Quarterly Cash Dividend and Annual Meeting Date

ISELIN, N.J., Jan. 27, 2023 (GLOBE NEWSWIRE) — Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $49.0 million, or $0.66 per basic and diluted share for the three months ended December 31, 2022, compared to $43.4 million, or $0.58 per basic and diluted share, for the three months ended September 30, 2022 […]

Growing at a CAGR of 22.4% in 2022-2027, the Tokenization Market is driven rapidly by the Rising Adoption in E-commerce and Mobile payments, along with the growing need for Tokenization Solutions from BFSI Sector, says Mordor Intelligence.

Source- Mordor Intelligence Hyderabad, Jan. 27, 2023 (GLOBE NEWSWIRE) — The use of a tokenization solution, the concept of a surrogate being used to replace the sensitive value, has been prominently used in payments and financial services for a considerably long period of time. However, the consumer-driven demand for smart devices, coupled with rapidly changing […]

Earnest Appoints New Chief People and Chief Technology Officers

CPO Leanne Loveday-Smith and CTO Meetesh Karia to Support Strategic, Long-Term Growth and Evolution of Leading Fintech Company SAN FRANCISCO–(BUSINESS WIRE)–Earnest, a fintech company dedicated to making higher education accessible and affordable for everyone, today announced two strategic additions to the executive team: Chief People Officer (CPO) Leanne Loveday-Smith, SPHR, M.S. and Chief Technology Officer […]

Seacoast Reports Fourth Quarter and Full Year 2022 Results

Fourth Quarter 2022 Net Interest Margin Expands to 4.36%, Up 69 Basis Points from Prior Quarter Completes Acquisitions of Apollo Bancshares, Inc. and Drummond Banking Company Well-Positioned Balance Sheet with Strong Capital Position STUART, Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF) today reported net […]

Flushing Financial Corporation Reports 4Q22 GAAP EPS of $0.34 and Core EPS of $0.57; Full Year 2022 GAAP EPS of $2.50 and Core EPS of $2.49

John R. Buran, President and CEO Commentary UNIONDALE, N.Y., Jan. 26, 2023 (GLOBE NEWSWIRE) — The Company reported fourth quarter 2022 GAAP EPS of $0.34, down 41.4% YoY, with ROAA of 0.48%, and ROAE of 6.06%. Core 4Q22 EPS was $0.57, a decrease of 14.9% YoY, with ROAA of 0.82% and ROAE of 10.29%. Full […]

PacWest Bancorp Announces the Evolution of Its Business Strategy

LOS ANGELES, Jan. 26, 2023 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) (the “Company”) today announced a new strategic plan with a mission to maximize shareholder value by exceeding customer expectations. This plan focuses on strengthening our community bank businesses, exiting non-core products and services, and improving our operational efficiency. Specifically, the Company made the […]

Award-Winning Smart Card Cybersecurity Firm CardLab Enters into Strategic Partnership with Italian Hi-Tech Company WiBioCard

CardLab and WiBioCard have combined their proprietary technologies to create a fully integrated card and backend authentication solution that aims to unlock a new era of unique user identification and privacy protection. CardLab ApS CardLab was designated the “Most Secure and Innovative Cyber Security Protection Solution” by Business World Magazine. San Francisco, California, USA, Jan. […]

HOME FEDERAL BANCORP, INC. OF LOUISIANA REPORTS RESULTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2022

Shreveport, Louisiana, Jan. 26, 2023 (GLOBE NEWSWIRE) — Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended December 31, 2022 of $1.7 million compared to net income of $1.2 million reported for the three months ended December 31, 2021. […]

PacWest Bancorp Announces Results for the Fourth Quarter and Full Year 2022

LOS ANGELES, Jan. 26, 2023 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) – FOURTH QUARTER 2022 RESULTS $39.6M $0.33 14.39% 8.70% Net Earnings Available to Common Stockholders Diluted Earnings per Common Share ROATCE CET1 FOURTH QUARTER 2022 HIGHLIGHTS  Announced leadership transition with Paul Taylor as President and CEO and Kevin Thompson as CFO Strategically sold […]

Bankers Helping Bankers Names PULSE® Exclusive Debit Partner

Partnership advances Bankers Helping Bankers’ mission of empowering community banks HOUSTON–(BUSINESS WIRE)–Bankers Helping Bankers, an online platform that promotes innovation among community banks, has named Discover® Financial Services’ PULSE® debit network its exclusive debit partner. The agreement builds upon PULSE’s longstanding support of community banks and the Independent Bankers Association of Texas (IBAT), which co-founded […]

PFU Wins Two Industry Awards for Product Excellence in Document Scanning

Keypoint Intelligence names fi-8170 a BLI 2023 Scanner Pick Award winner; ScanSnap iX1300 selected by IoT Breakthrough Awards for Wireless Technology Innovation Award SUNNYVALE, Calif.–(BUSINESS WIRE)–PFU, the global leader in document imaging and manufacturer of Fujitsu and ScanSnap brand document scanners, today announced award wins in product excellence and innovation for two of the company’s […]

CFM and NXTsoft Announce Strategic Combination

Transaction unites two leading software companies driving digital transformation in banking via API connectivity solutions TEMPE, Ariz. & BIRMINGHAM, Ala.–(BUSINESS WIRE)–OceanSound Partners, a growth-oriented private equity firm, today announced that its portfolio company, CFM, has merged with NXTsoft. The combination creates the leading provider of API connectivity, workflow automation, and data analytics software for financial […]

RBAZ Bancorp, Inc. Announces Unaudited Financial Results For the Quarter Ending December 31, 2022

50% Increase in Earnings from Core Banking Operations YoY PHOENIX, Jan. 26, 2023 (GLOBE NEWSWIRE) — RBAZ Bancorp, Inc. (OTCIQ: RBAZ) (the “Company”), parent company of Republic Bank of Arizona (the “Bank” or “RBAZ”), announced a consolidated net income of $644,000, or $0.36 per share, for the quarter ended December 31, 2022 and $1,913,000, or […]

Truv Launches Direct Deposit Switch Partnership with Digital Bank Totem

Truv and Totem partner together to enable a seamless direct deposit switching experience for Totem’s new customers who sign up for the digital bank by and for Native Americans. MIAMI–(BUSINESS WIRE)–#buildtruv–Truv announced a partnership with Totem to enable automatic direct deposit switching through Truv’s consumer-permissioned data platform to all of Totem’s customers. This partnership is […]

Juniper Square Clients Raised $17.5 Billion in Investor Capital in 2022 Using Digital Subscriptions, 61% More Than 2021

Adoption of digital fundraising tools enables private markets GPs to raise more capital, faster Juniper Square Digital Subscription Clients Raised 17% More Capital GPs raise more capital, faster using Juniper Square fundraising tools SAN FRANCISCO, Jan. 26, 2023 (GLOBE NEWSWIRE) — Juniper Square, the leading provider of partnership enablement for the private funds industry, today […]

2023 Payments Summit Agenda: Instant Payments, Future of Crypto, Cross-Border Payments and Innovation at the Forefront

Event to include prominent speakers representing top global payments organizations REDWOOD CITY, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) — The Secure Technology Alliance’s 2023 Payments Summit is bringing industry-wide innovation into focus. The agenda features sessions on Instant and peer-to-peer payments, BNPL, Contactless advancements, Digital currencies, Cross-border payments, AI in payments, unified commerce and fraud […]

MacMillan Communications Is Now Craft & Capital

Leading finance-focused public relations firm unveils new name and look while celebrating a legacy of creative, client-focused communications efforts NEW YORK–(BUSINESS WIRE)–MacMillan Communications, a leading provider of public relations services to the finance industry since 1996, today unveiled its new brand: Craft & Capital. Founded by Mike MacMillan, one of the early innovators in providing […]

River City Bank Reports Seventh Consecutive Year With Record Net Income in 2022

SACRAMENTO, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) — River City Bank (the Bank) reported earnings for the fourth quarter of 2022 of $11.5 million, or $7.72 per share, compared to $9.8 million, or $6.63 per share in the fourth quarter of 2021. The Bank also reported its seventh consecutive year of record net income with $47.8 million […]

Fullstack Academy and Nexus at Michigan Engineering Partner to Train Qualified Tech Professionals in the Region

Five tech bootcamp options will train students for in-demand tech jobs across Michigan NEW YORK–(BUSINESS WIRE)–Fullstack Academy, a national tech education provider, today announced its partnership with Nexus at Michigan Engineering to provide tech training bootcamps specializing in data analytics, DevOps, artificial intelligence, fintech with blockchain, and business analytics to aspiring tech talent in Michigan. […]

Quadrata Brings Digital Identity to DeFi Through Partnerships

Partners will utilize Quadrata’s passport network to keep bad actors off their platforms, provide a streamlined KYC process and unlock capital efficiency for its users MARINA DEL REY, Calif.–(BUSINESS WIRE)–Quadrata, a Web3 identity solution bringing compliance and reputation to public blockchains has partnered with nine DeFi protocols: TrueFi, Archblock, BSOS, Frigg.Eco, Cred Protocol, Chelo Finance, […]

Velocity Solutions Launches the Retail Performance Engine™ to Help Drive Core Deposits and Other Checking Account KPIs

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–#CheckingAccount–Velocity Solutions has launched its Retail Performance Engine™ to help community banks and credit unions boost performance of their consumer checking accounts, from the initial acquisition stage all the way to retention. The Engine is made up of a group of proven solutions that are powered by the Velocity Intelligent Platform™ and […]

Axis Announces Auto Loan Portfolio Purchase

TORONTO–(BUSINESS WIRE)–Axis Auto Finance Inc. (“Axis” or the “Company”), (TSX: AXIS) a fintech lender servicing the alternative auto finance market, announced today that it has purchased a portfolio of auto loans (“Portfolio”) from an Ontario based competitor (“Vendor”). Highlights: $17.2 million in auto loan balances The purchase will boost the Axis owned auto loan portfolio […]

Canada’s ATB Financial Adopts smartTrade’s Leading FX Solution

CALGARY & TORONTO–(BUSINESS WIRE)–#FX—smartTrade Technologies announced today that Alberta-based ATB Financial, the largest financial institution in the province of Alberta, has adopted smartTrade as its client-facing foreign exchange (FX) web platform. smartTrade is a global provider of multi-asset electronic trading platforms supporting foreign exchange, fixed Income, crypto and derivatives with connectivity to 130+ liquidity providers, […]

Grasshopper Bank Partners with MANTL to Enhance its Digital Deposit Origination Platform for Business Clients and Develop Industry-First Fully-Automated Business Online Loan Origination Solution

This partnership will expand MANTL’s product suite and advance the company’s vision to create ‘one digital front door’ for banks and credit unions NEW YORK–(BUSINESS WIRE)–Grasshopper Bank, the client-first digital bank serving the business and innovation economy, today announced a new partnership with MANTL, a leading provider of account origination solutions, to create efficiencies that […]

Truxton Corporation Reports Fourth Quarter and Full Year 2022 Results

NASHVILLE, Tenn., Jan. 26, 2023 (GLOBE NEWSWIRE) — Truxton Corporation, the parent company for Truxton Trust Company (“Truxton” or “the Bank”) and subsidiaries, announced its operating results for the quarter and year ended December 31, 2022. Fourth quarter net income attributable to common shareholders was $4.1 million, or $1.40 earnings per diluted share, compared to […]

Commercial Lending Startup Foro Emerges From Stealth Mode to Democratize Access to Capital For Mid-Size Businesses

Charlotte-based startup accelerates launch of digital platform to increase commercial loan volume amid continued economic uncertainty CHARLOTTE, N.C., Jan. 26, 2023 (GLOBE NEWSWIRE) — Foro, a Charlotte-based fintech startup, today emerged from stealth mode with the national launch of its digital commercial lending platform. Foro’s platform guides business owners through the complex commercial lending process […]

Cash Register Market to Hit $8.5Bn Thanks to Rising Popularity of POS terminals

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) — The following key points are highlighted in IndexBox’s recent report on the global cash register market. Cash Register Market Forecast The global cash register market is expected to increase from $7.6B in 2022 to $8.5B by 2030, driven by the increasing adoption of point-of-sale terminals and the […]

Kearny Financial Corp. Announces Second Quarter Fiscal 2023 Results and Declaration of Cash Dividend

FAIRFIELD, N.J., Jan. 26, 2023 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended December 31, 2022 of $2.0 million, or $0.03 per diluted share, compared to $16.5 million, or $0.25 per diluted share, for the quarter ended September 30, […]

JBTC Announces 4th Quarter 2022 Earnings

JONESTOWN, Pa., Jan. 26, 2023 (GLOBE NEWSWIRE) — JBT Bancorp, Inc. (JBTC) reported 2022 full-year unaudited earnings of $8,060,000 with earnings per share of $3.31. Earnings rose 25.2% from $6,436,000 in 2021 and earnings per share were up from $2.65 during the same period. President & CEO, Troy A. Peters, commented, “Our company’s wholly owned […]

OrboAnywhere Version 5.0 Released With OrbNet AI Free Read

Handwritten and printed payee recognition expands product capabilities; new GPUs also certified OrboAnywhere with OrbNet AI OrboAnywhere with OrbNet AI BURLINGTON, Mass., Jan. 26, 2023 (GLOBE NEWSWIRE) — OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced the release of OrboAnywhere Version 5.0 to business partners in December 2022. […]