Business Wire

Banco Santander to Rollout Trovata to Automate Cash Forecasting & Liquidity Management for Corporate Clients thumbnail

Banco Santander to Rollout Trovata to Automate Cash Forecasting & Liquidity Management for Corporate Clients

Trovata to support large scale platform deployments in European and LATAM markets LONDON–(BUSINESS WIRE)–Trovata, the leading fintech in automating cash workflows through multi-bank API data aggregation for corporate finance and treasury teams, announced today a global distribution agreement with Santander. Through the partnership, Santander will market & refer Trovata’s cash management platform to its corporate […]

Moove Signs Agreement with MUFG and Suzuki to Promote Financial Inclusion for Mobility Gig Workers Across Africa thumbnail

Moove Signs Agreement with MUFG and Suzuki to Promote Financial Inclusion for Mobility Gig Workers Across Africa

TUNIS, Tunisia–(BUSINESS WIRE)–Moove, the world’s first mobility fintech, today announced the signing of a Memorandum of Understanding [MoU] with MUFG, one of the world’s leading financial groups and Suzuki, one of the world’s leading suppliers of vehicles to mobility businesses. Through this MoU, Moove, which provides revenue-based financing to mobility entrepreneurs, aims to advance financial […]

Resurgens and Knack Announce Partnership to Accelerate Growth in its No-Code Software Development Platform thumbnail

Resurgens and Knack Announce Partnership to Accelerate Growth in its No-Code Software Development Platform

Resurgens adds Knack as a platform investment; Knack also announces software executive Derek Hutson placed as CEO and Brandon Griggs named CTO ATLANTA–(BUSINESS WIRE)–Resurgens Technology Partners, a software-focused private equity firm, together with Knack, a no-code software development platform, are pleased to announce Resurgens’ investment in Knack. As a result of the partnership, Knack will […]

Karan Mehandru Joins Madrona as a Managing Director thumbnail

Karan Mehandru Joins Madrona as a Managing Director

Experienced venture investor and operating executive joins Madrona as a Managing Director, expanding full-stack venture capacity to partner with founders across all stages; Firm opens office in Silicon Valley SEATTLE–(BUSINESS WIRE)–Madrona Venture Group today announced that Karan Mehandru is joining the firm’s investment team as a Managing Director. With fifteen years of experience as a […]

American Financial Resources, Inc. Expands Partnership with Tavant, Adds Touchless Documents thumbnail

American Financial Resources, Inc. Expands Partnership with Tavant, Adds Touchless Documents

Lender accelerates digital transformation, scales operations, and enhances the overall mortgage experience. SANTA CLARA, Calif.–(BUSINESS WIRE)–#lending—Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, and American Financial Resources, Inc. (AFR), a national mortgage lender, operating in the wholesale, correspondent, and retail origination channels, have partnered to enhance the lender’s digital mortgage experience, end-to-end. Leveraging […]

Mercury® Financial Announces Launch of Mercury® Rewards Visa® Card thumbnail

Mercury® Financial Announces Launch of Mercury® Rewards Visa® Card

The partnership allows Mercury to continue delivering on its mission of Better Credit, Better Lives WILMINGTON, Del.–(BUSINESS WIRE)–Mercury® Financial LLC, a leading financial inclusion technology company, is launching a multi-year partnership with Visa, the world leader in digital payments. “At Mercury Financial, we are devoted to our more than one million customers, who are hardworking […]

AccuRisk Holdings Announces Investment in MyHealthMath thumbnail

AccuRisk Holdings Announces Investment in MyHealthMath

PEMBROKE, Mass.–(BUSINESS WIRE)–AccuRisk Holdings (AccuRisk) announces an investment in MyHealthMath, an insurtech company that combines the power of big data and sophisticated mathematical modeling with personalized live engagement to give employees, employers, carriers, and consultants unparalleled healthcare benefits decision support. “We’re delighted to invest in the technology that MyHealthMath has developed. It will augment the […]

Intuit Accountants Launches Intuit Tax Advisor Integrating Tax Prep and Advisory thumbnail

Intuit Accountants Launches Intuit Tax Advisor Integrating Tax Prep and Advisory

Tax prep and advisory are now streamlined into a simple, automated tool to save time and scale planning PLANO, Texas–(BUSINESS WIRE)–#TogetherwithIntuit–Today, Intuit (NASDAQ: INTU), the global financial technology platform that makes TurboTax, QuickBooks, Credit Karma, and Mailchimp, is announcing Intuit Tax Advisor (ITA), a new, convenient insights tool for tax professionals to deliver tax advisory […]

VRGL Announces $15M Series A Fundraising Round led by MissionOG and FINTOP Capital thumbnail

VRGL Announces $15M Series A Fundraising Round led by MissionOG and FINTOP Capital

Investment follows immediate revenue growth post launch as wealth managers embrace solution to accelerate the Client Acquisition, Proposal Management, and Retention process (“CAPM & R”) DALLAS–(BUSINESS WIRE)–VRGL, Inc (“VRGL”), a provider of institutional-grade analytics and automated data extraction to the wealth management industry, today announced it has raised $15 million in a Series A round […]

First National Bank of Omaha Launches Credit Card-as-a-Service Solution thumbnail

First National Bank of Omaha Launches Credit Card-as-a-Service Solution

Bend by FNBO Aimed to Meet the Dynamic Needs of Fintechs, Digital Brands and Technology Platforms OMAHA, Neb.–(BUSINESS WIRE)–First National Bank of Omaha (FNBO) announces the launch of Bend by FNBO. The new credit card-as-a-service (CaaS) solution expands FNBO’s technological agility to offer customized credit card issuance for today’s digital landscape. Bend by FNBO blends […]

Netcapital Funding Portal Users Raise $1.07 Million for KMX Technologies thumbnail

Netcapital Funding Portal Users Raise $1.07 Million for KMX Technologies

Maximum offering amount raised BOSTON–(BUSINESS WIRE)–$NCPL #Earnings—Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced the successful completion of a capital offering by KMX Technologies, an innovative creator of zero-waste solutions using proprietary technology spanning water, lithium, and critical minerals. KMX Technologies’ offering closed on August 5, 2022, selling […]

Salucro and Luma Health Partner to Add Personalized Payment Integrations Throughout the Patient Journey thumbnail

Salucro and Luma Health Partner to Add Personalized Payment Integrations Throughout the Patient Journey

PHOENIX–(BUSINESS WIRE)–Salucro Healthcare Solutions, a leading healthcare payment technology company, today announced an innovative technology partnership with Luma Health, the technology company behind the world’s first Patient Success Platform™. The partnership will combine Luma’s platform and Salucro’s patient-friendly financial engagement solutions to enable their clients to more efficiently collect payments throughout the patient journey. “Both […]

ICE Benchmark Administration Consults on Potential Cessation of ICE Swap Rate® based on USD LIBOR® thumbnail

ICE Benchmark Administration Consults on Potential Cessation of ICE Swap Rate® based on USD LIBOR®

LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that ICE Benchmark Administration Limited (IBA) has published a consultation on its intention to cease the publication of all ICE Swap Rate® settings based on USD LIBOR®. Following the FCA’s announcement on March 5, 2021, regarding the future […]

AWS Launches Region in the United Arab Emirates thumbnail

AWS Launches Region in the United Arab Emirates

Second AWS Middle East (UAE) Region allows customers to run workloads and store data securely in the UAE while serving end users with even lower latency The new AWS Region is estimated to support an average of nearly 6,000 full-time jobs annually through a planned investment of more than $5 billion (AED 20 billion) in […]

Juniper Research: Digital Identity Verification Spend to Exceed $20 Billion Globally by 2027, as Top Vendors Revealed in Competitor Leaderboard thumbnail

Juniper Research: Digital Identity Verification Spend to Exceed $20 Billion Globally by 2027, as Top Vendors Revealed in Competitor Leaderboard

80% Growth in Verification Spend over Next 5 Years BASINGSTOKE, England–(BUSINESS WIRE)–#digitalidentitymarketsize–A new study from Juniper Research has found spend on digital identity verification checks will reach $20.8 billion globally in 2027; up from $11.6 billion in 2022. It predicts this growth will be driven by both the increasing prevalence of digital services requiring digital […]

Highline and Argyle Partner to Increase Consumer Access to Credit, Reduce Risk for Lenders Through Payroll-Linked Lending thumbnail

Highline and Argyle Partner to Increase Consumer Access to Credit, Reduce Risk for Lenders Through Payroll-Linked Lending

DALLAS–(BUSINESS WIRE)–#billpay–To meet the needs of U.S. consumers who are normally shut out of affordable credit products, payments fintech Highline Technologies and employment data platform Argyle have partnered to bring payroll-linked lending and billpay capabilities to lenders nationwide. With payroll-linked lending, consumer loans are automatically repaid through preset distributions directly from the borrower’s paycheck. This […]

CapIntel and NEI Investments Partner to Power Better Experiences for NEI’s Wholesalers, Advisors, and Clients thumbnail

CapIntel and NEI Investments Partner to Power Better Experiences for NEI’s Wholesalers, Advisors, and Clients

CapIntel’s industry-leading digital platform will enhance sales efficiency, transparency, and data quality, to support a heightened investment experience for NEI’s advisors and their clients. TORONTO–(BUSINESS WIRE)–CapIntel, a leading financial technology company that improves the day-to-day workflow, efficiency and fund analysis for financial services wholesalers and investment advisors, today announced a new partnership with NEI Investments […]

BitNile Holdings’ Subsidiary, Digital Power Lending, Makes Strategic Investment in Lab-Grown Diamond Manufacturer thumbnail

BitNile Holdings’ Subsidiary, Digital Power Lending, Makes Strategic Investment in Lab-Grown Diamond Manufacturer

LAS VEGAS–(BUSINESS WIRE)–$AP #Adamas_One_Corp—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) announced today that its subsidiary, Digital Power Lending, LLC (“DP Lending”), has lent $4.1 million to Adamas One Corp. (“Adamas”) in the form of a senior secured convertible note. DP Lending also received warrants to purchase shares of […]

Marstone Announces Marstone Maps™; New Product is a Turnkey Financial Health and Wellness Solution for Institutions to Offer End Clients thumbnail

Marstone Announces Marstone Maps™; New Product is a Turnkey Financial Health and Wellness Solution for Institutions to Offer End Clients

The digital-first platform connects end client goals to the best-suited strategies allowing institutions to deliver additional high value services to existing and new clients NEW YORK–(BUSINESS WIRE)–#banking—Marstone, Inc., a leading digital wealth technology firm, today announced its newest product, Marstone Maps™, a financial health and wellness platform for institutions that enables end clients to set, […]

CTBC Investments Selects ICE FactSet Selected Financials and Data Industry Index for New ETF thumbnail

CTBC Investments Selects ICE FactSet Selected Financials and Data Industry Index for New ETF

ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that CTBC Investments Co., Ltd. (“CTBC Investments”) has selected the ICE FactSet® Selected Financials and Data Industry Index for its newly launched CTBC Selected Financials and Data Industry ETF. The ICE FactSet Selected Financials […]

RIAs Greenstone Wealth Management and CPR Financial and Insurance Services Tap Advisor-focused Fintech Vise to Offer Customized Portfolios thumbnail

RIAs Greenstone Wealth Management and CPR Financial and Insurance Services Tap Advisor-focused Fintech Vise to Offer Customized Portfolios

NEW YORK–(BUSINESS WIRE)–Vise, the technology-powered asset manager that allows financial advisors to build custom portfolios in minutes, announced that RIAs Greenstone Wealth Management and CPR Financial and Insurance Services are using the Vise platform. The news comes at a time when advisors are craving more tech and automation to drive efficiency in their businesses. According […]

MoviePass Selects Usio as Exclusive Prepaid Card Issuing Solution, Program Manager and Processor thumbnail

MoviePass Selects Usio as Exclusive Prepaid Card Issuing Solution, Program Manager and Processor

Partnership Will Include a Branded MoviePass Debit Card for All Subscribers SAN ANTONIO–(BUSINESS WIRE)–Usio, Inc. (Nasdaq: USIO), a leading FinTech integrated electronic payment solutions provider, today announced an exclusive partnership with MoviePass, whereby Usio’s innovative and proprietary prepaid card issuing platform will serve as both Program Manager and Processor for the forthcoming MoviePass Debit Card […]

Greater New Orleans Federal Credit Union Selects Access Softek’s Digital Banking Platform to Strengthen and Expand its Digital Banking Experience thumbnail

Greater New Orleans Federal Credit Union Selects Access Softek’s Digital Banking Platform to Strengthen and Expand its Digital Banking Experience

-Access Digital provides credit union with innovative digital banking, cryptocurrency offerings, and in-depth data analytics for stronger member experience- BERKELEY, Calif.–(BUSINESS WIRE)–Greater New Orleans Federal Credit Union (GNO) has chosen Access Softek’s Access Digital to provide comprehensive, omnichannel digital banking solutions to its members. GNO selected Access Digital to offer its members industry-leading products, a […]

ICE to Launch UK Carbon Allowance Options thumbnail

ICE to Launch UK Carbon Allowance Options

LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch options on UK Carbon Emission Allowances (UKA Options) on October 10, 2022, subject to regulatory approval. “The launch of UK Carbon Options follows the successful launch of the UK carbon market last […]

FIS to Modernize Real-Time Payments Infrastructure and Central Bank Digital Currencies for Countries Around the World thumbnail

FIS to Modernize Real-Time Payments Infrastructure and Central Bank Digital Currencies for Countries Around the World

Key facts FIS is now offering a central infrastructure payment solution through RealNet™ Central, which enables countries to modernize or build their own real-time payments network. Additionally, FIS is launching a Central Bank Digital Currencies (CBDC) Virtual Lab that will allow countries to experiment, pilot and accelerate live CBDC implementations. JACKSONVILLE, Fla.–(BUSINESS WIRE)–With real-time payments […]

Taulia Announces 250% Increase in Asia Pacific Enterprise Deals thumbnail

Taulia Announces 250% Increase in Asia Pacific Enterprise Deals

SAN FRANCISCO–(BUSINESS WIRE)–Taulia, a leading provider of working capital management solutions and part of the SAP Group, today announces strong year-over-year growth in Asia Pacific. Since it announced expansion in the region one year ago, the number of deals won by Taulia has risen by more than 250%, including logos in the packaging, IT services […]

Spinwheel Launches Spinwheel CARES, a Comprehensive Student Debt Solution to Help Borrowers Take the Wheel of Student Debt thumbnail

Spinwheel Launches Spinwheel CARES, a Comprehensive Student Debt Solution to Help Borrowers Take the Wheel of Student Debt

OAKLAND, Calif.–(BUSINESS WIRE)–Spinwheel, the leading intelligent embedded debt platform, today announced Spinwheel CARES, its newest Student Debt API Solution to help financial services and apps prepare their customers for the end of the payment pause and take the wheel of their student debt. “The moratorium has brought relief for many, but we can’t wait idly […]

D.A. Davidson Advises Leading Sell-Side CRM Provider, Tier1 CRM, on Its Sale to SS&C Technologies thumbnail

D.A. Davidson Advises Leading Sell-Side CRM Provider, Tier1 CRM, on Its Sale to SS&C Technologies

NEW YORK–(BUSINESS WIRE)–D.A. Davidson & Co. announced today that it has served as the exclusive strategic and financial advisor to Wavecrest Growth Partners-led Tier1 CRM, a global leader in deal management and compliance solutions, on its sale to SS&C Technologies Holdings, Inc., (NASDAQ: SSNC) a multinational holding company that provides software and services to customers […]

Skyflow Deepens Collaboration with Visa to Make Network Tokenization the Secure Payments Standard thumbnail

Skyflow Deepens Collaboration with Visa to Make Network Tokenization the Secure Payments Standard

The addition of network tokenization bolsters Skyflow’s data privacy vault offering, which helps companies manage, access and govern sensitive PII, PHI and PCI-regulated data. PALO ALTO, Calif.–(BUSINESS WIRE)–#PII—Skyflow, the data privacy vault company, announced its expanded collaboration with Visa, the world leader in digital payments, to tokenize cards directly with Visa and other major card […]

Digital Banking Platform Cogni Expands Executive Team To Integrate Web3 and Financial Services thumbnail

Digital Banking Platform Cogni Expands Executive Team To Integrate Web3 and Financial Services

Pioneer fintech appoints Crypto Expert to spearhead Web3 expansion and regulatory compliance NEW YORK–(BUSINESS WIRE)–Cogni, the lifestyle-focused banking platform bridging the gap between Web2 and Web3, has announced a new addition to its leadership team. Simon Grunfeld, a seasoned product innovator in the cryptocurrency and NFT industries, is joining Cogni as VP of Web3. In […]

Ledgebrook Chooses Socotra to Transform the Wholesale Broker Experience thumbnail

Ledgebrook Chooses Socotra to Transform the Wholesale Broker Experience

The latest in Socotra’s growing roster of innovative customers, Ledgebrook has ambitious plans to modernize E&S lines of insurance AUSTIN, Texas–(BUSINESS WIRE)–Socotra, the modern core platform provider for innovative insurers, today announced that Ledgebrook, an insurtech MGA focused on the excess and surplus (E&S) market, has chosen Socotra policy core platform to help provide wholesale […]

SMBC Group to Launch Jenius Bank™, a New Digital Consumer Banking Business in the U.S. thumbnail

SMBC Group to Launch Jenius Bank™, a New Digital Consumer Banking Business in the U.S.

TOKYO–(BUSINESS WIRE)–Sumitomo Mitsui Financial Group, Inc. (“SMFG”, President and Group CEO Jun Ohta, together with subsidiaries “SMBC Group”) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius Bank™ will launch and operate as a new division of Manufacturers Bank, a California state-chartered bank that is […]

Q2 Innovation Studio Named Finovate Award Finalist for Best Fintech Accelerator/Incubator thumbnail

Q2 Innovation Studio Named Finovate Award Finalist for Best Fintech Accelerator/Incubator

Award Recognizes Q2 for Driving Innovation for Banks and Credit Unions Through Partnership with Fintechs AUSTIN, Texas–(BUSINESS WIRE)–Q2 (NYSE: QTWO), a leading provider of digital transformation, today announced it has been named a Finovate Award finalist for the Best Fintech Accelerator/Incubator category. This marks the third time Q2 has been named a finalist, including when […]

BitNile and Fortium Announce that a Fortium Subsidiary, White River, Commences Drilling Project with a BitNile Subsidiary, Ault Energy thumbnail

BitNile and Fortium Announce that a Fortium Subsidiary, White River, Commences Drilling Project with a BitNile Subsidiary, Ault Energy

White River also secures two additional drilling rigs for its vertically integrated oil and gas operation with capabilities to perform in-house drilling projects to depths of up to 30,000 feet LAS VEGAS & FAYETTEVILLE, Ark.–(BUSINESS WIRE)–$AP #100_oil_wells—BitNile Holdings, Inc. (“BitNile”) (NYSE American: NILE) and Fortium Holdings Corp (“Fortium”) (OTC: FRTM), today announced that Fortium’s wholly-owned […]

EeroQ Raises $7.25M in Funding Led by B Capital’s Ascent Fund to Build Scalable Quantum Computer With Ethical Focus thumbnail

EeroQ Raises $7.25M in Funding Led by B Capital’s Ascent Fund to Build Scalable Quantum Computer With Ethical Focus

The Chicago-based startup is the only company designing quantum computers (QC) using electrons floating on helium (eHe). CHICAGO–(BUSINESS WIRE)–#hpc—EeroQ, a quantum computer (QC) chip design company, today announced its first round of institutional funding after five years of R&D, a $7.25M Seed Round led by multi-stage investment firm B Capital’s Ascent Fund, with participation from […]

Total Expert Achieves Momentous Growth as Platform Helps Financial Institutions Navigate Challenging Market thumbnail

Total Expert Achieves Momentous Growth as Platform Helps Financial Institutions Navigate Challenging Market

The platform’s success underscores the need for personalized financial journeys in an uncertain housing market MINNEAPOLIS–(BUSINESS WIRE)–#banking—Total Expert, the only CRM and customer engagement platform purpose-built for modern financial institutions, is experiencing strong growth and industry recognition as economic uncertainty drives financial institutions to find ways to strengthen customer relationships. As the company doubles down […]

Seabury Securities Advises Malaysia Aviation Group in Acquisition of 20 A330neo Aircraft thumbnail

Seabury Securities Advises Malaysia Aviation Group in Acquisition of 20 A330neo Aircraft

Aircraft to Support Group’s Fleet Modernization Program NEW YORK–(BUSINESS WIRE)–#Airbus–Seabury Securities LLC (Seabury”) announced today that the company’s Aviation team advised The Malaysia Aviation Group (“MAG”), the parent company of Malaysia Airlines, in the acquisition of 20 Airbus A330-900neo aircraft. Seabury served as MAG’s exclusive financial and fleet advisor for the fleet acquisition and financing. […]

Untether AI Unveils Its Second-Generation At-Memory Compute Architecture at HOT CHIPS 2022 thumbnail

Untether AI Unveils Its Second-Generation At-Memory Compute Architecture at HOT CHIPS 2022

speedAI architecture delivers 2 PetaFlops of performance at 30 TeraFlops/W of energy efficiency PALO ALTO, Calif.–(BUSINESS WIRE)–Untether AITM, the leader in at-memory computation for artificial intelligence (AI) workloads, today announced at the HOT CHIPS 2022 conference its next-generation architecture for accelerating AI inference workloads called speedAI devices, with an internal codename “Boqueria.” At 30 TeraFlops […]

Arc Home LLC Selects Tavant to Launch Advanced Wholesale And Correspondent Lending Platforms to Enhance Customer Experience thumbnail

Arc Home LLC Selects Tavant to Launch Advanced Wholesale And Correspondent Lending Platforms to Enhance Customer Experience

Tavant’s VΞLOX FinXperience platform provides a seamless experience for expanding their customer network. SANTA CLARA, Calif.–(BUSINESS WIRE)–#digitaltransformation—Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, today announced that Arc Home LLC (Arc Home), a full-service residential lender and servicer, operating in the wholesale, correspondent, and retail origination channels, has chosen Tavant to accelerate their […]

Arkansas Municipal League Selects Origami Risk Core Suite to Drive Efficiency in Workers’ Comp, Auto and Property Insurance thumbnail

Arkansas Municipal League Selects Origami Risk Core Suite to Drive Efficiency in Workers’ Comp, Auto and Property Insurance

Shared Risk Pool Leveraging Origami’s Multi-Tenant SAAS P/C Insurance Suite To Streamline Policy Administration, Billing, Claims Management NORTH LITTLE ROCK, Ark.–(BUSINESS WIRE)–#CoreSolutions–The Arkansas Municipal League (AML) has selected Origami Risk’s multi-tenant SAAS P/C platform for policy administration, billing and claims management for its workers’ compensation, commercial auto and property insurance programs. Origami’s platform offers AML […]

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