Business Wire


38% of Supplier Survey Respondents Use Early Payment to Manage Working Capital, Up From 19% In 2017

Latest Taulia supplier sentiment survey explores five years of data, changing trends in the payment space, and the views of nearly 80,000 respondents SAN FRANCISCO–(BUSINESS WIRE)–38% of respondents take early payments monthly in 2021, up from 19% in 2017, according to a supplier sentiment survey conducted by Taulia, the leader in working capital technology solutions. […]

Juniper Research: eCommerce Payment Transactions to Exceed $7.5 Trillion Globally by 2026, as Omnichannel Retail Momentum Accelerates

BASINGSTOKE, England–(BUSINESS WIRE)–#ecommercepayments–A new study from Juniper Research has found that the value of global eCommerce payment transactions will exceed $7.5 trillion by 2026, from $4.9 trillion in 2021. This growth rate of 55% over the next five years will be driven by retailers offering compelling omnichannel retail experiences that increase user eCommerce spend. Omnichannel […]

The City of Billings, MT Sees 262% Increase in E-Payments After Partnering with InvoiceCloud and VertexOne WaterSmart™ 

BOSTON–(BUSINESS WIRE)–InvoiceCloud, an EngageSmart, Inc. (NYSE: ESMT) solution for online bill payment services, today announced that since partnering with Billings Public Works and VertexOne WaterSmart™ to offer residents expanded options for paying bills online, e-payments have increased by 262%. Since the implementation in April 2020, Billings has seen a steady increase in online payment adoption […]

Fieldpoint Private’s Banking Partnership Model Signals New Opportunities for the Independent Advisor Community

Fieldpoint’s collaboration with Summit Financial and Merchant Investment Management integrates private banking as a holistically advised, white-glove offering through independent advisors GREENWICH, Conn.–(BUSINESS WIRE)–Fieldpoint Private’s Advisor Banking Services platform represents a new model that will enable independent advisors to deliver truly holistic wealth management services encompassing a full suite of private banking offerings. Made possible […]

Boston Omaha Completes Listing Transfer to the New York Stock Exchange

NEW YORK–(BUSINESS WIRE)–The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced that Boston Omaha Corporation (NYSE: BOMN) has completed its listing transfer and will begin trading today as an NYSE-listed company. Boston Omaha will now be able to leverage all of […]

BitNile Holdings Partners With Ed Carpenter Racing to Sponsor the No. 20 BitNile Chevrolet for the 2022 NTT INDYCAR SERIES

LAS VEGAS–(BUSINESS WIRE)–$AGH #2020_NTT_INDYCAR_Series–BitNile Holdings, Inc (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) announced today a new partnership with Ed Carpenter Racing to serve as primary partner for the No. 20 Chevrolet in a two-year deal (subject to certain termination provisions) as Ed Carpenter Racing welcomes back Conor Daly as the […]

Marcos Kantt Joins Habi as Chief Financial Officer

Latin America’s Leading iBuying and Real Estate Tech Company Continues to Build Out Executive Team with Former Bank of America Merrill Lynch Managing Director and Head of Latin America Financial Institutions, FinTech & Real Estate NEW YORK–(BUSINESS WIRE)–Habi, one of the largest real estate technology companies in Latin America, today announced the appointment of Marcos […]

Arc Raises $161M to Launch Full-Service Finance Platform for SaaS, Built in Partnership with Stripe

Fintech platform backed by NFX, Bain Capital, Clocktower, Torch, and Y Combinator is transforming financial services for premium SaaS startups through founder-friendly products and dilution-free capital SAN FRANCISCO–(BUSINESS WIRE)–Arc, the full-service finance platform for SaaS, emerged from stealth today with $161 million in total funding from equity and credit investors. In partnership with Stripe, Arc […]

Tavant Launches VΞLOX NXT™ to Amplify Customer-Centricity and Transform Borrower Experiences

–Next-generation digital lending platform combines dynamic user interfaces, advanced consumer behavior tracking, and customer segmentation to hyper-personalized borrower experiences– SANTA CLARA, Calif.–(BUSINESS WIRE)–#digitaltransformation—Tavant, Silicon Valley’s leading digital lending solutions provider, today launched VΞLOX NXT™, the latest and most advanced edition of its AI-based digital lending platform. The fully re-architected solution combines the proven back-end optimization […]

DeepTarget Celebrates Another Successful Year of New Customers, Partnerships, Alliances, Industry Recognitions and Technology Development in 2021

Patented DeepTarget DXP Delivers 3+ Billion Impressions & 80,000+ Cross-Sells in 2021 HUNTSVILLE, Ala.–(BUSINESS WIRE)–DeepTarget Inc., a solution provider that utilizes data mining and business intelligence to deliver targeted engagements across digital channels for banks and credit unions, shared new business developments, organizational accomplishments and growth milestones over the past year. Most notably, DeepTarget’s Digital […]

The Future of the Point of Sale Is Here: Visa Pioneers Cloud-based Payment Acceptance

Visa Acceptance Cloud creates more seamless, affordable point of sale opportunities for small businesses, retailers, fintechs, and the businesses that support them SAN FRANCISCO–(BUSINESS WIRE)–Today Visa (NYSE: V) announced a new platform, Visa Acceptance Cloud (VAC), set to revolutionize the way businesses accept payments from their customers. Following the success of the company’s popular “Tap […]

Veriti’s Direct Indexing Technology to Implement Research Affiliates’ RAFI Index Strategies

BOSTON–(BUSINESS WIRE)–#DirectIndexing—Veriti Management LLC (Veriti), a direct indexing asset management and financial technology company, and Research Affiliates (RA), a global leader in smart beta and asset allocation, are excited to announce a new implementation partnership. Veriti will utilize its innovative direct indexing technology to implement certain index strategies, including those not currently available in an […]

Everest Group Recognizes Majesco as a Leader in Digital Experience Platforms (DXP) in the “Digital Experience Platforms (DXP) Insurance Industry Products PEAK Matrix® Assessment 2022”

MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced that it has been recognized as a Leader in Everest Group’s “Digital Experience Platforms (DXP) Insurance Industry Products PEAK Matrix® Assessment 2022”. The report, which includes 11 solution providers states, “Following the COVID-19 pandemic, creating a seamless, frictionless, […]

Pegasus Residential Creates More Affordable Move-ins with LeaseLock

NMHC Top 50 management company eliminates major leasing obstacle LOS ANGELES–(BUSINESS WIRE)–LeaseLock, the world’s leading insurtech provider for real estate, today announced that NMHC Top 50 Manager Pegasus Residential has deployed LeaseLock portfolio-wide to eliminate security deposits and provide more affordable move-ins for residents. Unlike deposit alternatives, LeaseLock is the only solution that completely replaces […]

Fidelity Investments® Adds $146 Billion in Assets to Workplace Benefits Platform In 2021

Significant Growth Demonstrates Plan Sponsor Demand for Integrated, Multiproduct Benefits Platform Results Reflect 2,100 New Product Wins Across 1,900 Clients   BOSTON–(BUSINESS WIRE)–Fidelity Investments®, one of the country’s leading workplace benefits providersi, announced today significant growth across its integrated benefits platform. During 2021, Fidelity helped 1,900 businesses across the U.S. add more than 2,100 products […]

ICE Midland WTI American Gulf Coast Futures Contract to be Live for Trading on January 24

Magellan and Enterprise Agree to Waive Related Pump Over Fee Between Terminals HOUSTON & LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, Magellan Midstream Partners, L.P. (NYSE: MMP), and Enterprise Products Partners L.P. (NYSE: EPD) today announced that the ICE Midland WTI American Gulf Coast (Midland WTI […]

Artis Technologies is now Momnt

ATLANTA–(BUSINESS WIRE)–#fintech–Artis Technologies, a company that powers real-time lending and payment solutions for businesses at the point of need, today announced its new name and brand, Momnt. Headquartered in Atlanta, the company formerly known as Artis launched its platform in 2020 in the Home Improvement industry and most recently announced its presence in Healthcare financing. […]

Scienaptic Fully Integrates With CU*Answers For Deploying AI-Powered Credit Decisions

NEW YORK–(BUSINESS WIRE)–#AI–Leading AI-powered credit decisioning platform provider, Scienaptic AI announced its full integration with CU*Answers. The seamless integration of Scienpatic’s AI-powered decisioning will provide new opportunities for CU*Answers credit union partners looking to expand credit access for their members. Founded in 1970, CU*Answers is a credit union-owned cooperative CUSO headquartered in Grand Rapids, Mich., […]

OLB GROUP Anticipates Start of Delivery of Additional 400 ANTMINER S19J PRO Cryptocurrency Machines This Month

Upon receipt of the 400 machines, OLB will have Total of 1,000 Antminer S19j Pro cryptocurrency machines operating in two facilities in Bradford, PA NEW YORK–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ: OLB), a diversified eCommerce merchant services provider and Bitcoin mining enterprise, announced today that DMint, Inc., a wholly owned subsidiary of OLB (“DMint”), expects […]

Provenir Customer Reliant Funding Named LendIT Fintech Industry Awards ‘Top Small Business Lending Platform’ Finalist

Nationwide provider recognized for excellence in supporting more than 10,000 small businesses with fast, flexible funding PARSIPPANY, N.J.–(BUSINESS WIRE)–#SMB—Provenir, a global leader in AI-powered risk decisioning software, today congratulated its customer Reliant Funding for being recognized as a LendIT Fintech Industry Awards 2021 finalist. The fifth annual LendIT Fintech Industry Awards honor the world’s leading […]

Sila and Sequoir Create an Embedded Solution for Crypto Trading and Custody

PORTLAND, Ore.–(BUSINESS WIRE)–#PoweredbySila—Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that it partnered with Sequoir, a provider of blockchain trading and custody infrastructure, to create custom blockchain solutions for businesses. This opens up new revenue streams for banks, credit unions, fintech, and the so-called Web 3.0. Sequoir’s Partner […]

U.S. Banks Turn to Technology Providers to Transform Business, Compete Against FinTechs

ISG Provider Lens™ report sees traditional banks facing competition from digital financial services providers and increasing customer demand for digital services STAMFORD, Conn.–(BUSINESS WIRE)–$III #AI–The U.S. banking industry has accelerated its digital transformation over the past year in response to the COVID-19 pandemic, and banks are looking to technology service providers to help them navigate […]

Boosted.ai Raises $35 Million Series B Led by Ten Coves Capital and Spark Capital to Expand Explainable Machine Learning Platform for Institutional Investors

NEW YORK & TORONTO–(BUSINESS WIRE)–Boosted.ai, the leading distributed machine learning platform for global investment professionals, today announced the closing of a $35 million USD Series B financing round, led by Ten Coves Capital and Spark Capital. Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners also participated in the round. Inclusive of seed capital, […]

Canoe Intelligence Completes Record Year by Tripling Annual Revenue, Doubling Its Client Base, and Adding New Key Executives

Canoe’s technology for alternatives data and document management has quickly become the industry’s standard way for alternative investors and allocators to scale and differentiate their businesses. NEW YORK–(BUSINESS WIRE)–Canoe Intelligence (“Canoe”), a financial technology company redefining data management processes for alternative investors and allocators, today announced a record 2021 year by tripling its revenue, doubling […]

EQM Indexes Launches Emerging Markets FinTech Index

New index tracks emerging and frontier market companies with significant exposure to financial technology solutions and applications SAN DIEGO–(BUSINESS WIRE)–#ETF–San Diego-based index development firm EQM Indexes LLC launched a new index, the EQM Emerging Markets FinTech Index (EMFINQ), providing exposure to public companies in emerging markets and frontier markets deriving significant revenue from financial technology […]

Prosper Introduces the Prosper® Card to Help Consumers Take Control of Their Credit

SAN FRANCISCO–(BUSINESS WIRE)–#credit–Prosper Marketplace, a fintech pioneer providing affordable financial solutions to consumers across the credit spectrum, today announced the launch of the Prosper® Card. The new credit card helps people take control of their finances with access to affordable rates and attractive terms, automatic reviews for credit line increases1, no annual fee for the […]

Chia Launches the First Native Peer-to-Peer Exchange Capabilities and DEXs

Stably USDS partnership brings the first stablecoin on the Chia Network SAN FRANCISCO–(BUSINESS WIRE)–Chia Network, Inc., a new energy-efficient decentralized blockchain founded by Bram Cohen, today announced the launch of Offers, its first native, peer-to-peer exchange capabilities for anyone with a Chia wallet. To further support Offers, Chia also announced a partnership with Stably to […]

Class Act Federal Credit Union To Deploy Scienaptic’s AI-Powered Credit Decisioning Platform

NEW YORK–(BUSINESS WIRE)–#AI–Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Class Act Federal Credit Union has selected its AI-powered platform. The implementation will equip the credit union with enhanced underwriting capabilities to make stronger, faster credit decisions and strengthen financial options for its members. Class Act Federal Credit Union was established by […]

Experian and Oliver Wyman Find Expanded Data and Advanced Analytics Can Improve Access to Credit for Nearly 50 Million Credit Invisible and Unscoreable Americans

New research outlines the challenges consumers face when trying to access credit, how the financial services industry can increase financial inclusion and score 96 percent of applicants COSTA MESA, Calif.–(BUSINESS WIRE)–Nearly 106 million U.S. consumers are unable to secure credit at mainstream rates either because they are credit invisible, unscoreable by conventional credit scores, or […]

i2c Partners with Euro Asia Pay to Help Lay Its Foundation for Expansion in the US

Digital banking application with comprehensive suite of parental control features, provides simple, safe, and secure payments for children and young adults REDWOOD CITY, Calif.–(BUSINESS WIRE)–i2c Inc., a leading provider of digital payments and banking technology, today announced its partnership with Vancouver-based fintech Euro Asia Pay, to establish a footprint for Hero Financials in the United […]

New Majesco Research Underscores the Urgency of Acting Now to Capture and Retain the New Dominant Insurance Buyers – Millennials and Gen Z

Expectations for a wider array of capabilities from new products and value-added services to payment options, channel choices and personalized, holistic experiences offer growth opportunities MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced the availability of its fifth annual report on insurance customer’s changing expectations, behaviors […]

Redtail Technology Opens Text Messaging Platform to Entire Financial Advisory Community

Redtail Speak provides a compliant and personalized texting/chat solution with more built-in tools to drive communication efficiencies SACRAMENTO, Calif.–(BUSINESS WIRE)–#BrianMcLaughlin—Redtail Technology (Redtail), the leading provider of client relationship management (CRM) solutions for financial services firms, has upgraded Redtail Speak — a compliance-approved, real-time communication platform for financial advisors — with enhancements focused on improving collaborative […]

Fiserv Wins 2022 BIG Innovation Award for AllData Connect

Solution enables consumers to share their financial information securely BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, has received a 2022 BIG Innovation Award for AllData® Connect. AllData Connect from Fiserv is a tokenized connectivity platform that allows consumers to share their banking and financial information without exposing […]

Cogent Bank to offer real-time, blockchain-based payments through TassatPay™

Cogent Bank’s B2B clients to benefit from instantaneous, secure, real-time payments 24/7/365 NEW YORK & ORLANDO, Fla.–(BUSINESS WIRE)–#B2B—Tassat Group Inc., the leading provider of blockchain-based, real-time solutions to banks, and Cogent Bank, a full-service commercial and retail bank, today announce Cogent Bank’s B2B clients will have access to TassatPay™, the only blockchain-based, real-time payment platform […]

Tul Announces $181 Million Series B for Further Expansion into Latin America, Supporting the 600,000 Local Hardware Stores That Serve as the Backbone of Their Communities and a Source of Development

BOGOTÁ, Colombia–(BUSINESS WIRE)–Today, Tul, an e-commerce platform that strengthens developing communities by providing locally-run hardware stores with consistent access to construction materials, inventory management capabilities, invoicing services and opportunities to diversify revenue streams, announced it has secured a $181 million Series B. The round was led by 8VC and extended by Avenir, bringing Tul’s total […]

Cantaloupe, Inc. Unveils New International Partners Program

Cantaloupe International Partners (CIP) Equips High-Performing Retailers Outside the U.S. with Expertise and Resources to Expand and Deepen Local Unattended Offerings MALVERN, Pa.–(BUSINESS WIRE)–$CTLP #autonomousretail–As the pandemic drives increased demand for unattended retail solutions across the globe, today, Cantaloupe Inc., (Nasdaq: CTLP) (“Cantaloupe” or the “Company”), a digital payments and software services company that provides […]

Reduce and Manage Risk with new Guidewire Marketplace App from Risk Control Technologies

TORONTO & SAN MATEO, Calif.–(BUSINESS WIRE)–$GWRE #innovation–Guidewire (NYSE: GWRE) and Risk Control Technologies (RCT) announced that RCT’s new Ready for Guidewire validated accelerator for PolicyCenter is now available to users in the Guidewire Marketplace. RCT provides an end-to-end loss control platform to help insurers maximize claims reduction, increase customer retention, and harness data insights for […]

Mogo Announces Expansion into Metaverse with Investment in NFT Trading Platform NFT Trader

Company operates global peer-to-peer non-fungible token trading platform that generated over US$50M of trading volume in last 30 days Mogo acquires an initial 25% with fixed-price option to increase to 50% VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced a strategic investment in […]

Intrepid Credit Union Chooses Scienaptic’s AI-Powered Platform For Advanced Credit Decisioning

NEW YORK–(BUSINESS WIRE)–#AI—Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that Mont.-based Intrepid Credit Union has chosen its platform to boost its credit decisions. Established in 1936 as Helena U.S. Employees Federal Credit Union, Intrepid Credit Union has multiplied its member base over the decades, becoming a notable and reliable name […]

CAIS Announces $225 Million Financing Round Led by Apollo and Motive Partners, Exceeds $1 Billion Valuation

New Capital, Including Investment from Franklin Templeton, to Accelerate the Digitization of Alternative Investments Access, Education, and Execution Executives of Apollo and Motive Partners Join Fintech Pioneer CAIS Board of Directors NEW YORK–(BUSINESS WIRE)–CAIS, the leading alternative investment platform, today announced a $225 million round of funding led by Apollo (NYSE: APO) and Motive Partners […]