Business Wire

Davenport & Company LLC Selects InvestorCOM to Meet Reg BI and PTE 2020-02 Regulatory Requirements thumbnail

Davenport & Company LLC Selects InvestorCOM to Meet Reg BI and PTE 2020-02 Regulatory Requirements

Wealth management firm using InvestorCOM to digitize the assessment of reasonably available alternative product recommendations and best interest rollover recommendations. TORONTO–(BUSINESS WIRE)–#compliance—InvestorCOM, a leading regulatory software provider to the wealth management industry, today announced that Davenport & Company LLC, a leading wealth management and financial advisory firm, is using InvestorCOM’s compliance technology to meet the […]

BitNile Holdings to Launch Bitcoin Lending Platform Through Its Digital Power Lending Subsidiary thumbnail

BitNile Holdings to Launch Bitcoin Lending Platform Through Its Digital Power Lending Subsidiary

Company Expects to Fund Platform with $100 Million of Bitcoin Through Licensed Lender LAS VEGAS–(BUSINESS WIRE)–$AGH #AmosKohn—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today announced that it plans to fund up to $100 million in commercial loans to small, publicly traded companies, secured by Bitcoin, through its subsidiary, […]

TDCX Reinforces Global English Capabilities Through Its New Site in India thumbnail

TDCX Reinforces Global English Capabilities Through Its New Site in India

 45,000 square foot office at HITEC City, Hyderabad will also serve as its entry point to the Indian market and digital innovation hub HYDERABAD, India–(BUSINESS WIRE)–TDCX, Inc. (“TDCX” or the “Company”) (NYSE: TDCX), a high-growth digital customer experience (CX) solutions provider for technology and blue-chip companies, today announced the launch of its operations in India. […]

World Retail Banking Report 2022: Incumbent Banks Must Embrace Data-Centric Capabilities to Drive Personalized Customer Experiences thumbnail

World Retail Banking Report 2022: Incumbent Banks Must Embrace Data-Centric Capabilities to Drive Personalized Customer Experiences

The World Retail Banking Report 2022 found that 95% of executives believe their current outdated legacy systems and technological capabilities are unable to fully optimize their data for customer-centric growth strategies PARIS–(BUSINESS WIRE)–Retail banks are currently lagging in their ability to offer true omnichannel experiences, as customers pivot to competitors that offer more personalized experiences, […]

Customers Bancorp, Inc. Releases 2021 ESG Report thumbnail

Customers Bancorp, Inc. Releases 2021 ESG Report

WEST READING, Pa.–(BUSINESS WIRE)–$CUBI #ESG—(April 20, 2022) – Customers Bancorp, Inc. (NYSE: CUBI), has released its Environmental, Social and Governance (ESG) Report for calendar year 2021. The report can be reviewed and downloaded from the Customers Bank Investor Relations webpage. Reacting to the impact of the global pandemic, Customers Bancorp, Inc. Chairman & CEO Jay […]

Esker Intensifies Its Commitment to the Development of Supply Chain Finance Solutions By Making Equity Investment in Partner LSQ thumbnail

Esker Intensifies Its Commitment to the Development of Supply Chain Finance Solutions By Making Equity Investment in Partner LSQ

LYON, France & MIDDLETON, Wis.–(BUSINESS WIRE)–Esker, a global cloud platform and leader in AI-driven process automation solutions for finance and customer service functions, today announced it has made a strategic investment in its partner LSQ, a leading provider of technology-driven working capital finance and payments solutions. As a first step, the investment is made through […]

Pinpoint Predictive Announces Partnership With Ohio Mutual Insurance Group thumbnail

Pinpoint Predictive Announces Partnership With Ohio Mutual Insurance Group

SAN MATEO, Calif.–(BUSINESS WIRE)–#BehavioralEconomics–Pinpoint Predictive is pleased to announce a new partnership with Ohio Mutual Insurance Group, through which the two organizations will use applied data and analytics to more accurately predict and evaluate loss risk for the mutual insurer. Industry experts estimate that the average U.S. family pays up to $700 in extra insurance […]

Spiff Launches New Integrations with Financial and HR Systems in Its Spring Release thumbnail

Spiff Launches New Integrations with Financial and HR Systems in Its Spring Release

In its latest product rollout, Spiff introduces additional innovative features to automate, simplify, and bring real-time visibility into commissions across organizations SALT LAKE CITY–(BUSINESS WIRE)–#SPM–Managing hundreds of sales commissions structures across continents has increased the complexity of the process for enterprise finance professionals. In an effort to reduce the time finance teams spend on this […]

Buckle’s Licensed Carrier Gateway Insurance Company Receives “Exceptional” Demotech Financial Stability Rating thumbnail

Buckle’s Licensed Carrier Gateway Insurance Company Receives “Exceptional” Demotech Financial Stability Rating

JERSEY CITY, N.J.–(BUSINESS WIRE)–#Buckleup—Buckle, a financial services company serving the gig economy and rising middle class, announced its licensed carrier, the Gateway Insurance Company, has been assigned the Financial Stability Rating® of A, Exceptional by Demotech, Inc., based on year-end 2021 results. Financial stability ratings are a leading indicator of the financial stability of property […]

New Fiserv Core Platform Enhancements Tackle Key Client Challenges thumbnail

New Fiserv Core Platform Enhancements Tackle Key Client Challenges

From planning and design to ongoing evaluation and feedback, Fiserv clients provide invaluable direction on new core experience BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling enhanced customer servicing, training, deployment flexibility and staffing with the launch of a new user experience for the […]

Linedata Strengthens Presence in Latin America with New Office in Mexico thumbnail

Linedata Strengthens Presence in Latin America with New Office in Mexico

Building on strong relationships and successful projects with major credit institutions such as NR Finance México, the Mexico City office will enable increased proximity and delivery capabilities in the LATAM region PARIS & MEXICO & BOSTON & NEW YORK & SEATTLE & TORONTO & LONDON–(BUSINESS WIRE)–Linedata (Euronext Paris: LIN), global provider of asset management and […]

Southwest Louisiana Credit Union Deploys Scienaptic’s AI-Powered Credit Underwriting Platform thumbnail

Southwest Louisiana Credit Union Deploys Scienaptic’s AI-Powered Credit Underwriting Platform

Deployment aims to improve loan approval rate and automate decisions NEW YORK–(BUSINESS WIRE)–#AI–Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Southwest Louisiana Credit Union has selected its platform for automated and enhanced credit decisioning. Southwest Louisiana Credit Union, formerly known as PPG Employees Credit Union, was established in 1952 as a […]

Discover Launches Free Benefit to Help Customers Remove Personal Information From 10 Popular Data-Collecting Websites thumbnail

Discover Launches Free Benefit to Help Customers Remove Personal Information From 10 Popular Data-Collecting Websites

More than 70% of consumers are interested in having their personal data removed from people-search websites, according to new survey* RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover today announced the launch of Online Privacy Protection, a new, free benefit for customers that helps remove their personal information from 10 popular websites that collect and sell user information. This benefit […]

Founders Federal Credit Union Completes Successful Migration to Corelation, Cites IMM’s eSign Conversion Services as Pivotal to Success thumbnail

Founders Federal Credit Union Completes Successful Migration to Corelation, Cites IMM’s eSign Conversion Services as Pivotal to Success

Credit union eliminates 22% of member-facing documents, boosts efficiencies across organization and improves member experience RAHWAY, N.J.–(BUSINESS WIRE)–#DigitalTransformation—IMM, the only eSignature provider specializing in eSignature and digital transaction solutions exclusively for financial institutions, announced today its conversion services was instrumental in the successful migration of long-time client, Lancaster, S.C.-based Founders Federal Credit Union, to a […]

Global Insurance Company Tokio Marine Launches Tokio Marine Future Fund, a $42M CVC Arm to Support Early-Stage Startups thumbnail

Global Insurance Company Tokio Marine Launches Tokio Marine Future Fund, a $42M CVC Arm to Support Early-Stage Startups

Headquartered in Silicon Valley, Tokio Marine Future Fund will be an inaugural Corporate Venture Capital (CVC) fund that will deploy venture capital thematically across sectors including insurtech, fintech, mobility, health care, cybersecurity, AI/ML, climate risk and sustainability Tokio Marine Future Fund has partnered with venture firm World Innovation Lab (WiL) to drive the new fund’s […]

Skyward Specialty Enters Partnership With Tech-Enabled Propeller Bonds to Accelerate Transactional Surety Expansion thumbnail

Skyward Specialty Enters Partnership With Tech-Enabled Propeller Bonds to Accelerate Transactional Surety Expansion

HOUSTON–(BUSINESS WIRE)–#goingskyward–Skyward Specialty Insurance Group, Inc. (“Skyward Specialty” or the “Company”), a leader in the specialty property and casualty (P&C) market, revealed today that it has entered into a new partnership with Propeller Inc. (“Propeller” or “Propeller Bonds”) to broaden the market access to the Company’s transactional bond capabilities. Skyward Specialty has a demonstrable track […]

QED Investors Organizes to Scale Into Fintech Opportunities thumbnail

QED Investors Organizes to Scale Into Fintech Opportunities

Frank Rotman becomes Chief Investment Officer; Bill Cilluffo elevated to lead early stage investments globally ALEXANDRIA, Va.–(BUSINESS WIRE)–QED Investors, a leading global venture capital firm focused on investing in disruptive financial services companies, today announced a series of internal moves to facilitate the scaling of its unique business model. Founding Partner Frank Rotman, formerly head […]

Introducing the All-New Property Intelligence Powered by Majesco Analytics thumbnail

Introducing the All-New Property Intelligence Powered by Majesco Analytics

Increase profitability, reduce risk, and improve customer retention with AI-powered Property Intelligence MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud platform software for insurance business transformation, today introduced Property Intelligence powered by Majesco Analytics – a new AI/ML-based analytics offering that provides insightful and intuitive property underwriting information including various quantitative risk scores such as […]

FIS’ Modern Banking Platform Now Available on the Microsoft Azure Cloud Platform thumbnail

FIS’ Modern Banking Platform Now Available on the Microsoft Azure Cloud Platform

Key facts: FIS Modern Banking Platform is now available on the Microsoft Azure cloud. Financial institutions in expanded markets such as the UK, Thailand and New Zealand will benefit from the latest advancements in cloud security, monitoring, resiliency and operational analytics through a fully API-enabled core platform that uses artificial intelligence and component-based architecture. JACKSONVILLE, […]

Canadian Prepaid Payments Now CA$8.5 Billion Industry, Up 18% Since 2020 thumbnail

Canadian Prepaid Payments Now CA$8.5 Billion Industry, Up 18% Since 2020

New study shows open-loop prepaid market expected to exceed CA$17 billion in annual loads by 2025; average load per Canadian open-loop prepaid card account will grow from $156 per card in 2020 to $213 by 2025 TORONTO–(BUSINESS WIRE)–#banking–The Canadian Prepaid Providers Organization (CPPO), the collective voice of the open-loop prepaid payments industry in Canada, today […]

Juniper Research: Regtech to Account for Over 50% of Regulatory Compliance Spend Globally by 2026, as AI Reshapes Digital Onboarding thumbnail

Juniper Research: Regtech to Account for Over 50% of Regulatory Compliance Spend Globally by 2026, as AI Reshapes Digital Onboarding

BASINGSTOKE, England–(BUSINESS WIRE)–#regtechmarket–A new study from Juniper Research has found that global regtech spend will exceed $204 billion by 2026; accounting for over 50% of all regulatory compliance spend for the first time. This spend will grow from $68 billion in 2022; representing growth of over 200% over the next four years. The report identified […]

Sabey Data Centers Announces Central U.S. Market Expansion With 72mw Data Center Campus in the Growing Austin Tech Hub thumbnail

Sabey Data Centers Announces Central U.S. Market Expansion With 72mw Data Center Campus in the Growing Austin Tech Hub

Sabey expands national portfolio to Round Rock, TX, to meet customer demand AUSTIN, Texas–(BUSINESS WIRE)–#Austin–Sabey Data Centers, a premier national global services provider, today announced details of its new data center campus in Round Rock, TX. The new data center campus is designed to provide up to 72-megawatts (MW) of power capacity with reliability, security, […]

Toast Reimagines Quick-Service Restaurant Point-of-Sale to Help Restaurants Increase Throughput, Sales, and Serve More Guests thumbnail

Toast Reimagines Quick-Service Restaurant Point-of-Sale to Help Restaurants Increase Throughput, Sales, and Serve More Guests

Quick service restaurants on Toast outperformed reported industry average in YoY sales in 2021[1] On average, guests tip on 18% more transactions at QSRs when they pay through Toast Mobile Order & PayTM versus standard checkout [2] BOSTON–(BUSINESS WIRE)–Toast (NYSE: TOST), the all-in-one digital platform built for restaurants, today announced Toast for Quick Service, a […]

Sila Now Provides Instant Access to ACH Debits on Its Platform Through Instant Settlement thumbnail

Sila Now Provides Instant Access to ACH Debits on Its Platform Through Instant Settlement

PORTLAND, Ore.–(BUSINESS WIRE)–#AnewFinancialWorld—Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced a new product called Instant Settlement. It provides instant access to ACH debits made to the Sila platform. Customers no longer have to use their own capital to pre-fund the full amount of a transaction or wait days […]

Profectus Capital Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform thumbnail

Profectus Capital Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform

Successful deployment of decisioning platform with industry-tested scorecards based on alternative data BANGALORE, India–(BUSINESS WIRE)–#AI—Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that Profectus Capital is now live on its platform. As a part of Phase-I implementation, Scienaptic has deployed its credit decisioning engine and industry-tested scorecards for Bureau data and […]

Bectran Launches Automated Secretary of State Verification to Help Organizations Accelerate the Credit Decision-Making Process and Curtail Incidences of Fraud thumbnail

Bectran Launches Automated Secretary of State Verification to Help Organizations Accelerate the Credit Decision-Making Process and Curtail Incidences of Fraud

CHICAGO–(BUSINESS WIRE)–#automation–Credit, Collections & Accounts Receivable Software leader Bectran, Inc. has released the industry-leading automated Secretary of State Corporate Verification solution. The Secretary of State Corporate Verification solution allows companies to automatically verify the corporate identity and business profile of potential business credit customers by referencing Secretary of State databases across all 50 states. Corporate […]

ICE Launches Data Solution for EU Sustainable Finance Disclosure Regulation thumbnail

ICE Launches Data Solution for EU Sustainable Finance Disclosure Regulation

ATLANTA & LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the launch of a data solution for the European Union Sustainable Finance Disclosure Regulation (EU SFDR). By requiring more transparency and standardization in the products offered by asset managers, the EU SFDR is designed to […]

American Investment Securities Group Chooses InvestorCOM to Digitize Rollover Recommendation Process thumbnail

American Investment Securities Group Chooses InvestorCOM to Digitize Rollover Recommendation Process

AISG will use InvestorCOM RolloverAnalyzer to make best interest rollover recommendations in compliance with PTE 2020-02. TORONTO–(BUSINESS WIRE)–#compliance—InvestorCOM, a leading regulatory software provider to the wealth management industry, today announced that American Investment Securities Group LLC (AISG), an independent broker-dealer, has selected InvestorCOM to digitize their rollover recommendation process and meet the Department of Labor’s […]

CORRECTING and REPLACING Alpha Fintech by PPRO Announces Launch of Fi911’s Intelligent SaaS Dispute Processing for Financial Institutions in Asia Pacific thumbnail

CORRECTING and REPLACING Alpha Fintech by PPRO Announces Launch of Fi911’s Intelligent SaaS Dispute Processing for Financial Institutions in Asia Pacific

TAMPA BAY, Fla.–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions. The updated release reads: ALPHA FINTECH BY PPRO ANNOUNCES LAUNCH OF FI911’S INTELLIGENT SAAS DISPUTE PROCESSING FOR FINANCIAL INSTITUTIONS IN ASIA PACIFIC Fi911, the leading dispute specialists and sister brand of Chargebacks911, and Alpha Fintech (https://www.ppro.com/news/ppro-acquires-alpha-fintech-in-game-changing-deal/), a fintech pioneer […]

Cross River Supports American Veterans Through Partnership with Heroes to Heroes Program thumbnail

Cross River Supports American Veterans Through Partnership with Heroes to Heroes Program

FORT LEE, N.J.–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced its support of Heroes to Heroes, a foundation that offers spiritual healing and peer support for combat veterans of all faiths and backgrounds who are suffering from the post traumatic effects of their service time. Cross […]

Combining Flexible Work With Free Instant Pay – 7shifts and Clair Partner to Redefine How Restaurant Workers in America Get Paid thumbnail

Combining Flexible Work With Free Instant Pay – 7shifts and Clair Partner to Redefine How Restaurant Workers in America Get Paid

NEW YORK–(BUSINESS WIRE)–#earnedwageaccess—7shifts, an intuitive employee scheduling and management software designed for the restaurant industry, announced a partnership with Clair, a mission driven, New York based digital banking platform. Together they will offer free on-demand pay to restaurant staff across America. Clair On-Demand Pay is now available to more than 230,000 restaurant workers across the […]

Carats & Cake Integrates Digital Contracting Capabilities Further Streamlining Venue Sales Operations thumbnail

Carats & Cake Integrates Digital Contracting Capabilities Further Streamlining Venue Sales Operations

15 percent more first deposits are completed early or on time with Book Now, Pay Later (BNPL) at venues utilizing Carats & Cake’s suite of sales tools and financial software NEW YORK–(BUSINESS WIRE)–#contracting—Carats & Cake, the financial operating system for the events industry, today announced it has integrated digital contracting capabilities into its suite of […]

Meriwether Group Capital Launched to Support Pacific Northwest Entrepreneurs thumbnail

Meriwether Group Capital Launched to Support Pacific Northwest Entrepreneurs

Hero Fund will seek to meet the lending needs of entrepreneurs not served by traditional lenders. PORTLAND, Ore.–(BUSINESS WIRE)–Newly-formed Meriwether Group Capital (MWGC) launched this month to make commercial loans available to businesses that fall outside the criteria required by traditional lenders. The MWGC Hero Fund focuses on small to mid-sized companies that meet the […]

Apex Fintech Solutions’ Data Reveals Gen Z’s Increasing Shift from Growth to Value Investing in First Quarter 2022 thumbnail

Apex Fintech Solutions’ Data Reveals Gen Z’s Increasing Shift from Growth to Value Investing in First Quarter 2022

  High inflationary environment, rising rates, and war in Ukraine drives retail investors to buy value and sell growth and meme stocks Younger investors embraced energy stocks and high dividend paying companies; continued to buy crypto amid turbulent market conditions DALLAS–(BUSINESS WIRE)–Apex Fintech Solutions (“Apex”), the “fintech for fintechs” powering innovation and the future of digital […]

Nylas Announces New Alumni Fund thumbnail

Nylas Announces New Alumni Fund

Fuels the entrepreneurial spirit of current and former employees turned startup founders by contributing and streamlining early-stage fundraising SAN FRANCISCO–(BUSINESS WIRE)–Nylas, provider of communications APIs that drive workflow automation and frictionless digital experiences, today announced the new Nylas Alumni Fund, which helps both current and former Nylas employees turned entrepreneurs propel their early-stage startups forward. […]

Arkansas Federal Credit Union Upgrades P2P Solution to Zelle via Fiserv, Sees Boom in Transactions and Users thumbnail

Arkansas Federal Credit Union Upgrades P2P Solution to Zelle via Fiserv, Sees Boom in Transactions and Users

Arkansas’ largest credit union meets demand among 130,000-plus customers for fast and secure digital payments with the convenience of a single app BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, announced today that Arkansas Federal Credit Union has upgraded from their prior person-to-person (P2P) payment solution to […]

Advisor360° Launches Automated Document Bundling to Maximize Administrative Efficiency for Broker-Dealers thumbnail

Advisor360° Launches Automated Document Bundling to Maximize Administrative Efficiency for Broker-Dealers

Advisor360° Builds on Robust Q1 with New Innovation that Streamlines Enterprise Workflows WESTON, Mass.–(BUSINESS WIRE)–#Data–Advisor360°, a Software as a Service (SaaS) provider of integrated technology for the wealth management industry, today announced the launch of Automated Document Bundling, which detects, enriches and batches new account documents submitted by financial advisors. Broker-dealers can now process cases […]

Independent Global Survey Finds Metal Payment Cards Give Financial Institutions a Competitive Edge thumbnail

Independent Global Survey Finds Metal Payment Cards Give Financial Institutions a Competitive Edge

Millennials’ choice of bank influenced by the metal card form factor, according to survey of 18,000 consumers in 18 countries by Edgar, Dunn & Co. SOMERSET, N.J.–(BUSINESS WIRE)–$CMPO #banking—CompoSecure, Inc. (“CompoSecure”) (NASDAQ: CMPO), a leading provider of premium financial payment cards and cryptocurrency and digital asset storage and security solutions, today released a new report […]

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