Techwire


Zero Hash Expands Digital Asset Settlement support to EOS and XRP

Addition of new digital assets makes Zero Hash the largest settlement platform for payment processors focused on digital assets. CHICAGO, June 18, 2020 (GLOBE NEWSWIRE) — Zero Hash today announced the successful launch of supporting EOS and XRP. This further enhances its settlement infrastructure that is now leveraged by payment processors, lenders, exchanges and OTC […]

Samantha Chow Joins EIS as Life, Annuities and Health Markets Lead

Samantha Chow Joins EIS Samantha Chow, Life, Annuities, and Health Markets Lead for EIS SAN FRANCISCO, June 17, 2020 (GLOBE NEWSWIRE) — EIS Group, a core and digital platform provider for insurers, is pleased to announce the appointment of Samantha Chow as life, annuities and health markets lead. In this role, she will lead the […]

Fattmerchant Introduces Contactless by Omni to Help Businesses Meet the Growing Consumer Demand for Contactless Payments

New survey finds consumers shifting to contactless payments; technology provider now offering a suite of contactless payment tools for small business owners to adapt ORLANDO, Fla., June 16, 2020 (GLOBE NEWSWIRE) — Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces the release of Contactless by Omni. […]

Boku Announces Partnership with Japanese eWallet PayPay

LONDON, June 15, 2020 (GLOBE NEWSWIRE) — Boku Inc (AIM: BOKU), the world’s leading independent provider of mobile payment and mobile identity solutions, is pleased to announce a partnership with PayPay, Japan’s leading eWallet and QR code payment service. This partnership allows Boku merchants to offer the PayPay payment service through their existing connection and […]

Snapsheet Drives Digital Payments for Clearcover Claimants and Vendors

Pre-integrated solution expedites electronic payments for a better claims experience and operational benefits CHICAGO, June 15, 2020 (GLOBE NEWSWIRE) — Snapsheet, a pioneer in virtual claims management processing technology, today announced a strategic new approach to digitizing payments for Clearcover. The auto insurance company, which leverages Snapsheet’s claims management software to digitize each step of […]

EIS Group Partners with EPAM to Accelerate Digital Transformation Initiatives for Insurers

EPAM to support insurers implementing EIS Group’s core and digital solutions in the UK SAN FRANCISCO and NEWTOWN, Pa., June 10, 2020 (GLOBE NEWSWIRE) — EIS Group, a core and digital platform provider for insurers, today announced a partnership with EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software […]

Pascal Financial Launches Private Placement Offering on DealSquare

AI-powered platform provides a revolutionary tool for Canadian wealth managers TORONTO, June 09, 2020 (GLOBE NEWSWIRE) — Pascal Financial (“Pascal”), a fully integrated, AI-powered wealth management platform for financial advisors, today announced the launch of its $1.5 million private placement offering on DealSquare. Powered by NEO technology, DealSquare is a joint initiative between Silver Maple […]

Ebix Likely to File Counter Suit Against Yatra on Grounds of Multiple Breaches

NOIDA, India, June 08, 2020 (GLOBE NEWSWIRE) — Ebix, Inc. a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today issued a statement in response to the termination of the merger agreement with Yatra. On May 14, 2020, Yatra Online, Inc., a Cayman Islands exempted company […]

Payments Veteran Amy Porter Appointed to Paytronix Board

NEWTON, Mass., June 08, 2020 (GLOBE NEWSWIRE) — Paytronix Systems Inc., the developer of the most advanced digital guest experience platform, today announced that Amy Porter, Founder and Executive Chairman of Affinipay, a leading payments technology platform, has been appointed to the its Board of Directors. Porter joins the board as Paytronix rolls out innovations […]

Ebix Statement on Termination of Merger Agreement with Yatra

JOHNS CREEK, Ga., June 08, 2020 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today issued a statement in response to the termination of the merger agreement with Yatra. On May 14, 2020, Yatra Online, Inc., a Cayman […]

After Auto Insurance, BSE EBIX Beta Launches Health Insurance on its On-Demand Hi-Tech Platform

ATLANTA, June 03, 2020 (GLOBE NEWSWIRE) — BSE Ebix Insurance Broking Private Limited, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd., today announced the beta launch of Health insurance on its state-of-the-art hi-tech platform by enrolling Religare Health Insurance Company Ltd, India’s leading standalone health insurer. Through this launch, BSE Ebix will […]

Equifax Canada continues to support consumers, launches COVID + Credit Resource Centre

Resources include responses to consumers’ questions about deferred payments TORONTO, June 03, 2020 (GLOBE NEWSWIRE) — Equifax Canada has created a COVID + Credit Resource Centre to help consumers better understand how the pandemic may be impacting their finances and credit. The Centre provides insights on managing finances and steps to mitigate any negative impact […]

OKEx Expects 100% Increase in Staff in Two Years

MALTA, June 02, 2020 (GLOBE NEWSWIRE) — In the aftermath of the COVID-19 epidemic, amidst global economic downturns and rising unemployment rates, the crypto industry has been gaining great tractions – the total number of confirmed transactions per day, according to Blockchain.com, has been steadily growing since the dramatic drop of BTC in March to […]

62% of Homeowners Say They’re Prepared for a Flood, Yet Only 12% Have Flood Insurance, Survey Finds

As hurricane season begins, half of homeowners say they’re ‘less interested’ in buying flood insurance due to financial pressures from COVID-19. KALISPELL, Mont., June 01, 2020 (GLOBE NEWSWIRE) — Sixty-two percent of homeowners say they’re prepared for a flood, but only 12 percent have flood insurance, according to a new survey conducted by The Harris […]

Australia’s largest insurer partners with Socotra to power newly-launched direct-to-consumer product

Socotra’s modern core technology enabled IAG to go from concept to production in ten months SAN FRANCISCO, June 01, 2020 (GLOBE NEWSWIRE) — IAG, Australia’s largest general insurer, has announced that Socotra’s core platform is powering its recently-launched Poncho Insurance brand and new auto insurance product.   Poncho Insurance was developed in 2019 by IAG Satellite […]

Fattmerchant and Finix Launch Flex to Streamline Software Companies’ Path to Payment Facilitation

Fattmerchant’s proprietary merchant services will power Finix Flex and allow software companies to become payment facilitators faster ORLANDO, Fla., May 28, 2020 (GLOBE NEWSWIRE) — Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces its partnership with Finix, a payments infrastructure platform, to power Finix Flex. The […]

Ethos Financial Legacy Index Finds Over Half of Americans Worry About the Financial Situation They Will Leave Behind

New study from modern life insurance provider reveals how Americans feel about their future finances and the misconceptions surrounding financial legacies after death Ethos Financial Legacy Index Ethos Financial Legacy Index SAN FRANCISCO, May 28, 2020 (GLOBE NEWSWIRE) — Today, Ethos, the company making life insurance accessible to all, released its inaugural Financial Legacy Index. […]

Xignite Sees Record Demand for Financial Data During Pandemic – API Server Now Handling Over 12 Billion Requests Per Day

Cloud-based financial data solutions provider scales to meet client demand amid heightened volumes and volatility. SAN MATEO, CA, May 28, 2020 (GLOBE NEWSWIRE) — Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced today that it has seen a dramatic increase in API requests over the […]

India Fintech Market Outlook 2020-2025 – The Payments Segment Received the Highest Amount of Venture Capital Investments in 2018 & 2019

Dublin, May 28, 2020 (GLOBE NEWSWIRE) — The “Fintech Market in India 2020” report has been added to ResearchAndMarkets.com’s offering. India is one of the fastest-growing fintech markets in the world. As of March 2020, India, alongside China, accounted for the highest fintech adoption rate (87%), out of all the emerging markets in the world. […]

PayPoint plc: Preliminary Results and update on the impact of Covid-19 Year ended 31 March 2020

PayPoint plcPreliminary Results and update on the impact of Covid-19 Year ended 31 March 2020 FINANCIAL HIGHLIGHTS PayPoint reported a resilient result for financial year 2019/20 with profit before tax excluding exceptional items increasing by £3.0 million to £56.8 million (2019: £53.8 million), primarily due to the £2.1 million “variable pay benefit” resulting from the […]

An alternative to high interest debt: KOHO pilots new feature that allows Canadians early access to their CERB benefits

TORONTO, May 27, 2020 (GLOBE NEWSWIRE) — KOHO, Canada’s leading challenger bank, today announced it is piloting a new Early Payroll feature that will help those under financial strain pay their bills and make ends meet. KOHO’s Early Payroll pilot will grant users free access to $100 of their CERB payment before the scheduled payday. […]

IMS Announces New Industry Partnership with Conversational AI Platform Provider, SmarTek21

Deployment by IMS sister company, Carrot Insurance, demonstrates the effectiveness of digital self-service within connected insurance programs. “IMS and TGG believe that delivering a high quality, end-to-end digital customer experience is a critical success factor for any connected auto insurance proposition”, said Andrew Brown-Allan, Chief Marketing Officer at TGG. “The integration of SmarTek21 as a […]

Bottomline Recognized as Cash Management Leader

PORTSMOUTH, N.H., May 21, 2020 (GLOBE NEWSWIRE) — Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today said it has achieved Best-in-Class status in the just-released Aite Matrix: The Leading Providers of U.S. Cash Management Technology, 2020. The report evaluated providers in four areas (Vendor […]

Live Oak BusinessPulse Offers Economic Insights and Impacts to Small Business in the Midst of the Coronavirus Pandemic

WILMINGTON, N.C., May 13, 2020 (GLOBE NEWSWIRE) — Live Oak Bank announced today the release of the Q2 Live Oak BusinessPulse, a quarterly report covering analysis of business sentiment and economic insight, with special coverage on the COVID-19 pandemic’s impact to small business. The BusinessPulse, powered by Barlow Research Associates, Inc., provides detailed analysis and reporting on […]

Merchant Growth launches e-commerce financing, bringing fast and affordable capital to the surge of online Canadian businesses during COVID-19

Vancouver, May 13, 2020 (GLOBE NEWSWIRE) — Merchant Growth, a leading Canadian financial technology lender, today announces the launch of its e-commerce financing platform to help support the unprecedented growth of e-commerce amid COVID-19. With COVID-19 transforming e-commerce and driving a 126% increase in online sales across Canada, Merchant Growth has expedited its product roadmap […]

FalconPro Technology Turns to Redrock Biometrics for Its PalmID® Palm-print Solution to Create 100% Cardless/Tokenless Transactions for Databases of Millions

SAN FRANCISCO, May 13, 2020 (GLOBE NEWSWIRE) — Redrock Biometrics announces today that it has been selected by FalconPro Technology Co., a worldwide leader in barcode technology, to co-develop a tokenless large-scale palm-based biometric identification solution for mass transportation and payments. FalconPro Technology is a leader in the design, manufacturing and supply of barcode technology, […]

Plastiq Announces Accelerated Release of Free Credit Card Acceptance Product to Help Businesses through COVID-19 Crisis

Plastiq’s card acceptance product fast-tracked to help SMBs collect payments faster, keep cash on hand and still meet inventory needs SAN FRANCISCO, May 13, 2020 (GLOBE NEWSWIRE) — Today, Plastiq, the intelligent payment solutions provider for small and medium-sized businesses (SMBs), announced the accelerated availability of Plastiq’s card acceptance product. Originally slated for late Q3 […]

Trust Stamp Enters Insurtech Space with $100,000 Investment from OnRamp Accelerator

Atlanta, May 12, 2020 (GLOBE NEWSWIRE) — Trust Stamp, a global provider of AI-powered identity services, announces their acceptance into the OnRamp Insurance Accelerator, the leading accelerator for insurance innovation. Participation comes with a $100,000 investment into the company’s Series A round of funding and access to gener8tor’s global network of mentors and investors. Trust […]

Fattmerchant Launches Omni Connect, Enabling Software Companies to Accept Payments Directly in Their Platforms

The managed payments platform provides ISVs with more flexibility to monetize payment volume compared to any other platform available on the market ORLANDO, Fla., May 11, 2020 (GLOBE NEWSWIRE) — Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces the launch of Omni Connect, a managed payments […]

Ebix Announces First Quarter Fiscal Year 2020 Financial Results

JOHNS CREEK, Ga., May 11, 2020 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), today announced the following results for the quarter ended March 31, 2020: Diluted EPS (GAAP) of $0.81 and Non-GAAP diluted EPS of $0.96 Operating cash flow of $29.6 million Revenues of $137.9 million and constant currency revenues of $ 141.6 million GAAP […]

Ethos Expands C-Suite with First Chief Revenue Officer, Erin Lantz

Ethos hires personal finance expert and operations executive from Zillow Group and Bank of America to lead CX efforts and sales organization SAN FRANCISCO, May 07, 2020 (GLOBE NEWSWIRE) — Ethos, the company making life insurance ethical and accessible to all, expanded its executive team with the hiring of its first Chief Revenue Officer, Erin […]

SE2 Names Mark Schultis as CEO

Schultis to lead company’s client focused, technology-driven approach in serving the life and annuity markets TOPEKA, Kan., May 05, 2020 (GLOBE NEWSWIRE) — SE2, an Eldridge business, and industry leader in life and annuities insurance technology, today named Chief Customer Officer, Mark Schultis, to CEO. Current Chief Executive, Gautam Thakkar, will remain on the SE2 […]

FactSet Increases Dividend

NORWALK, Conn., May 05, 2020 (GLOBE NEWSWIRE) — FactSet (NYSE:FDS | NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced that its Board of Directors approved a 7% increase in the regular quarterly cash dividend from $0.72 per share to $0.77 per share. The $0.05 per share increase marks […]

Snapsheet Brings Claims Management Platform to Clearcover

Strategic collaboration improves customer experience and operational efficiencies through an intelligent, touchless claims process CHICAGO, May 05, 2020 (GLOBE NEWSWIRE) — Snapsheet, a pioneer in virtual claims management processing technology, today announced a new strategic partnership with Clearcover. The collaboration between the two Chicago-based insurtech leaders integrates Snapsheet’s claims management software to power Clearcover’s modern […]

Xceedance and Xemplar Partner to Advance Mobile Capabilities for Insurance Organizations

BOSTON and WAYNE, Pa., May 05, 2020 (GLOBE NEWSWIRE) — Xceedance and Xemplar Insights today announced a strategic partnership to bring innovative, mobile-based insurtech solutions to global property/casualty insurance markets. As a comprehensive consulting and managed services provider, Xceedance collaborates with insurers, reinsurers, MGAs, and brokers worldwide to optimize operations, apply intelligent technologies, increase analytic […]

Reliance Standard Selects EIS Group’s Insurance Platform for Voluntary Benefits

Modern, open technology platform will support transformation and innovation in insurer’s voluntary benefits business SAN FRANCISCO, May 05, 2020 (GLOBE NEWSWIRE) — EIS Group, a global core and digital platform provider for insurers, today announced that Reliance Standard Life Insurance Company (Reliance Standard), a leading group insurance carrier specializing in employee benefits solutions for companies […]

Store Growth for Minute Loan Center Rehoboth Beach, Delaware – Despite This Troubled Economic Climate.

Minute Loan Center corporate announces today that their Rehoboth Beach, Delaware location will be doubling in size with the addition of the team from the Lewes, Delaware store. Rehoboth Beach, Delaware Minute Loan Center Store Front – joins with the team from Lewes, Delaware. Visit our newly combined location. Serving as Your Community Lender! #minuteloancenter […]

Global Neo and Challenger Bank Market to Reach $471.0 Billion by 2027: at 48.1% CAGR

Convenience & flexibility, higher interest rates offered as compared to traditional banks, and favorable regulatory scenario drive the growth of the global neo and challenger bank market. Europe contributed the highest share in 2019, and will maintain its dominance throughout the forecast period. The revenue generated from interchange fees for neo and challenger banks will […]

Unity Bank Provides $130 Million in PPP Loans, Saving Thousands of Jobs Through SBA COVID-19 Lending Program

CLINTON, N.J., April 29, 2020 (GLOBE NEWSWIRE) — Gary Shiman, Co-Owner and Executive Vice President of Bellari Home Remodeling of Branchburg, represents one of the nearly 1,000 businesses that will receive more than $130 million in Unity Bank loans through the Small Business Administration (SBA) Paycheck Protection Program (PPP), the special funding initiative designed to […]