Business Wire


Discover and SIBS MB Establish Strategic Agreement to Increase Payment Acceptance

Global Cards issued by SIBS MB Member Banks will have international acceptance on Discover Global Network LISBON, Portugal & RIVERWOODS, Ill.–(BUSINESS WIRE)–SIBS MB and Discover signed a strategic agreement that increases the global acceptance footprint for both organizations. This new strategic agreement gives Discover, Diners Club International and network alliance cardholders the ability to use […]

University of Oxford and Esme Learning Champion the Future of Fintech with the Oxford Digital Finance Executive Education Series

Saïd Business School, in collaboration with Esme Learning, introduces five online executive education short programmes to prepare professionals for the future of finance through a blend of video instruction, AI coaching, and small-group collaborative learning LONDON–(BUSINESS WIRE)–Saïd Business School (SBS), University of Oxford and Esme Learning, the AI-powered digital learning platform, have introduced the Oxford […]

Digital Motors Emerges From Pandemic With Record Engagement

A year after launching in response to the pandemic, consumer demand continues to accelerate IRVINE, Calif.–(BUSINESS WIRE)–As the country begins a return to normalcy, Digital Motors, the best-in-class provider of automotive digital retailing software, continues to experience increased engagement across dealerships using its software as a service (SaaS) platform. Despite the ability to again purchase […]

Tikehau Capital Strengthens Partnership With Augmentum Fintech

Tikehau Capital raises stake in UK listed fintech investment company Augmentum to establish a presence in Paris and leverage Tikehau Capital’s global footprint LONDON & PARIS–(BUSINESS WIRE)–Regulatory News: Augmentum Fintech, the UK’s only publicly listed investment company focusing on the fintech sector, and Tikehau Capital (Paris:TKO), the global alternative asset manager, today announce an enhanced […]

Fellows Fund Gathers Top Minds to Fund AI Breakthroughs

MIAMI & SUNNYVALE, Calif.–(BUSINESS WIRE)–#AI–Motivated to help AI researchers and engineers successfully launch category-defining companies, 10 leaders in the field have formed Fellows Fund. The platform expects to support a half dozen companies this year by, among other things, facilitating talent acquisitions, customer introductions, and spearheading investor outreach. Recent Significant Milestones: April 2021: Fellows Fund […]

Next Step Sets Company Record for Core and Digital Banking Conversions with Credit Unions in the First Half of 2021

ORLANDO, Fla.–(BUSINESS WIRE)–#banking–During a time of increased competition and changing member expectations, Next Step completed 13 core and 9 digital banking system conversions for 14 credit unions in the first half of 2021 by delivering industry-leading consulting and project management services. As a key focus of these successful conversions, Next Step assisted these institutions in […]

ICE Mortgage Technology Millennial Tracker Finds Share of Millennials Poised for Homeownership Increases as FICO Requirements Loosen

PLEASANTON, Calif.–(BUSINESS WIRE)–ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today shared that according to the ICE Mortgage Technology™ Millennial Tracker, the percentage of purchase activity to total closed loans among millennials increased for the third consecutive month. In May, 67% of loans […]

Netcapital Inc. Portfolio Company Deuce Drone Launches Food Delivery Service by Drone

Deuce Drone Secures Exclusive Contract to Conduct Lunch Delivery at BB&T Financial Centre in Mobile BOSTON–(BUSINESS WIRE)–$NCPL #deucedrone—Netcapital Inc. (OTCQX: NCPL) announced that portfolio company Deuce Drone successfully completed a live demo of their app and drone delivery services, signaling that they will be prepared to launch revenue-generating flights in the next few weeks. The […]

Uzabase Launches SPEEDA Edge, a New Kind of Emerging Technology Research Platform

NEW YORK–(BUSINESS WIRE)–#Fintech–Uzabase, the Tokyo-based company that provides business intelligence products to clients around the world, today announces the launch of a first-of-its-kind research platform: SPEEDA Edge. The SPEEDA Edge emerging industry intelligence platform contains custom profiles and proprietary analysis of more than 2,500 leading companies operating across more than 40 rapidly-growing industries in six […]

DN Capital, Early Backer of Auto1, Shazam and OLX, Launches New $350m Fund to Shape Post-pandemic World

● Fund V targets early-stage founders developing tech to boost global recovery ● Firm has a long record of backing startups before they become market leaders: Auto1 (FSE), Shazam (Apple), Endeca (Oracle), OLX (Naspers), MrSpex(MRX), Remitly, GoStudent, Jobandtalent, Hometogo ● Founded in 2000, DN Capital now manages $950m across five funds LONDON–(BUSINESS WIRE)–DN Capital, one […]

Long Beach Accelerator Welcomes Second Round of Entrepreneurs

LBA congratulates the inaugural cohort on its completion of the program and greets a new class LONG BEACH, Calif.–(BUSINESS WIRE)–The Long Beach Accelerator (LBA) recently celebrated the graduation of its inaugural cohort, a class that has already produced fantastic early results. Further, LBA is proud to announce the kick-off of Cohort 2 with five new […]

Alliant Credit Union Launches Digital Inclusion Initiative

The challenger bank is on a mission to create a more digitally equitable world CHICAGO–(BUSINESS WIRE)–Alliant Credit Union, a digital financial institution and one of the country’s largest credit unions and “challenger banks,” launched a digital inclusion initiative to support the need for broadband access, technology equipment and technology education in underserved communities nationwide. “We […]

Socure Unveils Industry’s First BNPL-Specific Solution, Extending Its Leadership in Identity Verification and Trust for Alternative Payment Providers

Purpose-built solution powers top Buy Now, Pay Later providers to attract new merchants, increase revenue, and reduce loss rates NEW YORK–(BUSINESS WIRE)–#dataprotection—Socure, the leading platform for digital identity verification and trust, today announced the introduction of the first identity verification and fraud solution purpose-built for the Buy Now, Pay Later (BNPL) industry. The solution leverages […]

Silverfort Introduces Industry First Prevention Against Pass the Ticket Attacks

Until Now, Forged Kerberos Sessions Could Only be Detected Retroactively BOSTON & TEL AVIV, Israel–(BUSINESS WIRE)–#ActiveDirectory—Silverfort, the unified identity protection company, today released a new protection capability that enables organizations to proactively prevent lateral movement attacks that utilize the Pass the Ticket (PTT) technique. This Kerberos-based exploit could previously only be detected after an attack […]

Salary Finance Rewards American Workers For Opening and Contributing to Savings Accounts

Company will provide employees of partnered employers with up to a $50 bonus for contributing to high-interest savings account BOSTON–(BUSINESS WIRE)–#HR—Salary Finance, the leading provider of socially responsible financial products for American workers, announced an ambitious new product today that aims to help millions of U.S. workers save more money. In partnership with financial technology […]

NorthOne Expands Footprint Across U.S. With New Portland Office

NorthOne’s team grows 230% thus far in 2021 NEW YORK–(BUSINESS WIRE)–NorthOne, one of the country’s leading banking apps for small businesses, today announced the opening of its newest office in Portland, Oregon, just six months after opening its San Francisco office. As the company continues to expand its footprint across the country, the foundational Portland […]

Teslar Software Powers More Than 20% of 2021 PPP Loans, Launches New Solution to Digitize Commercial and SBA Lending

SPRINGDALE, Ark.–(BUSINESS WIRE)–Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced today that their technology powered over 20% of Paycheck Protection Program loans issued in 2021. The 1.3 million loans powered by Teslar this year represent $22 billion of funding for small businesses across […]

Tradeweb Announces First Fully Electronic SOFR Swap Spread Trade

NEW YORK–(BUSINESS WIRE)–Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced it has completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swap spread trade. BlackRock and J.P. Morgan were counterparties to the trade on the Tradeweb Swap Execution Facility (TW […]

ICE Announces That a Record 20,124 Murban Crude Oil Futures Contracts Traded on July 6

ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 20,124 ICE Murban Crude Oil Futures traded on ICE Futures Abu Dhabi (“IFAD”) on July 6, marking its highest volume day since the contracts launched on March 29. Alongside ICE Murban […]

With Peak Hurricane Season Underway, Consumers Want More Options for Receiving Insurance Claim Payments Quickly and Securely, New ACI Worldwide Study Reveals

Insurance companies must consider adding options for digital disbursements to ensure payments quickly reach consumers in their time of need Fewer consumers prefer to receive payments by check; direct deposit to banks is most preferred method Checks getting lost in the mail is a top concern among consumers MIAMI–(BUSINESS WIRE)–#BillPay–New data from ACI Worldwide (NASDAQ: […]

Cascades and Flinks Form Strategic Partnership

Collaboration will provide financial services firms with best-in-class retirement income planning experience TORONTO–(BUSINESS WIRE)–Cascades Financial Solutions Inc., a PureFacts company, and Flinks announced today a strategic partnership to provide financial services firms with a best-in-class retirement income planning experience. The collaboration will see the integration of Cascades’ decumulation planning engine with Flinks’ financial data aggregation […]

Global Supply Chain Issues Can No Longer Be Classified as Outlier Events, According to Taulia

The ability to adapt to higher levels of supply chain uncertainty is now essential for global companies and their suppliers SAN FRANCISCO–(BUSINESS WIRE)–The supply chain challenges seen throughout the world in recent months, from the pandemic to the Suez Canal blockage and now the ongoing closure of the Yantian terminal in Shenzhen, can no longer […]

Wolters Kluwer FRR Triumphs in HKMA and Waters Technology Awards for Excellence and Innovation

SINGAPORE–(BUSINESS WIRE)–#FRR–Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) has won three major awards for its RegTech, risk management and regulatory reporting solutions in the Asia Pacific (APAC) region. Waters Technology has named the company’s OneSumX for FRR the Best Middle Office Platform in its 2021 Asia Awards and the Hong Kong Monetary Authority (HKMA) […]

Truffle Capital Announces the Results of the 16th Truffle 100 Ranking

In 2021, the software publishing sector will strengthen its key role in the French economy: On the whole, it has not been severely affected by the pandemic Subscription-based invoicing for SaaS services has protected it from economic shocks It continues to invest in research and development to prepare for the future It creates skilled jobs […]

Climate Finance Partnership Raises US$250 Million at First Close to Invest in Emerging Market Climate Infrastructure

Global Consortium of Ten Investors Including Governments, Philanthropies, and Institutional Investors Commit Initial Capital to Help Reduce Carbon Emissions in Emerging Markets NEW YORK–(BUSINESS WIRE)–BlackRock has secured more than US$250 million in commitments from a consortium of global institutional investors, governments and philanthropies for the Climate Finance Partnership (CFP), a flagship blended finance vehicle focused […]

Intuit Research Joins the Alida Partner Network to Enhance Customer Experiences in Asia

Partnership will provide brands an elevated customer experience through listening, interpreting and acting on customer feedback SINGAPORE–(BUSINESS WIRE)–Alida (formerly Vision Critical), creator of the world’s first CXM & Insights Platform, today announced Intuit Research, a diverse group of researchers, will join its Partner Network to deliver elevated customer experience (CX) and insights to organizations in […]

Franklin Templeton Partners with vWise to Deliver Personalized Investment Solutions to Defined Contribution Participants

SAN MATEO, Calif.–(BUSINESS WIRE)–Franklin Templeton today announced a strategic investment and collaboration with California-based vWise, Inc. to integrate technology, predictive analytics, behavioral finance insights and a personalized investment solution designed to improve retirement outcomes in Defined Contribution (DC) Plans. Franklin Templeton’s patent-pending proprietary Goals Optimization Engine (GOETM), combined with vWise’s Experience Platform, will use real-time […]

Southeast Asia Digital Transition Driving Growth Even in Face of Pandemic Slowdown

Digital Payments Infrastructure Pioneer Xendit Sees Payment Value Soar 10 Percent Each Month in 2021 As More of Region’s Businesses Transition to Digital Financial Future JAKARTA, Indonesia–(BUSINESS WIRE)–Xendit, the fastest growing digital payments infrastructure for Southeast Asia, today announced it is experiencing a surge in digital transactions, providing evidence that the region’s emphasis on building […]

Zūm Rails Achieves SOC 2 Compliance as it Reaffirms its Commitment to Making Payments Security a Top Priority

MONTREAL–(BUSINESS WIRE)–#fintech–Zūm Rails, a leader in fast and intelligent payment operations, is pleased to announce that it has received a clean SOC 2 Type II attestation report. This rigorous, independent assessment of Zūm Rails’ internal security controls serves as validation of its commitment and adherence to the highest standards for security, confidentiality, availability, privacy, and […]

Bank of Guam Creates SF-Based Unit: TASI Bank

David Joves Will Lead Operations With 38-Year History on Montgomery Street SAN FRANCISCO & HAGATNA, Guam–(BUSINESS WIRE)–Bank of Guam today announced the creation of a new operating unit, TASI Bank, that will serve its mainland United States customer base from the same 404 Montgomery Street branch that has been operating here since 1983. David J. […]

VyStar Credit Union Selects Nymbus as Digital Banking Partner

MIAMI–(BUSINESS WIRE)–NYMBUS®, a leading provider of banking technology solutions, today announced that VyStar Credit Union has chosen Nymbus as its new online and mobile banking solution partner. This extends a landmark partnership that began earlier this year with VyStar’s $20 million investment in the newly formed Nymbus CUSO. VyStar Credit Union — the 13th-largest credit […]

Wolters Kluwer Thought Leadership Points to Automation and Domain Expertise as Critical to Managing Bank Compliance Challenges

ABA Banking Journal article highlights the value of combining human experts, technology to survive the “new normal” MINNEAPOLIS–(BUSINESS WIRE)–#ComplianceSolutions–As banks look to establish new patterns of normalcy post-Covid, they face strong headwinds. Given the continued steep pace of regulatory change, evolving customer behaviors, rising fintech competition, and shifting regulatory priorities, they are under increasing pressure […]

First Patent Being Auctioned as an NFT Adds Unlockable License and Litigation Prospects Content

Innovative patent, currently listed on the OpenSea platform, introduces an entirely new use for NFT unlockable content NEW CANAAN, Conn. & NEW YORK–(BUSINESS WIRE)–True Return Systems LLC and Boag Law PLLC are auctioning U.S. Patent No. 10,025,797 (“the Patent”) on the blockchain in the form of an NFT (Non-Fungible Token). This revised auction is currently […]

CSI Reports Record Revenues and Net Income for First Quarter

Revenues Increase 8.5% to $76.7 Million Net Income Per Share Rises 2.0% to $0.52 PADUCAH, Ky.–(BUSINESS WIRE)–$CSVI–Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported growth in revenues and net income for the first quarter of fiscal 2022, which ended May 31, 2021. CSI’s revenues rose 8.5% to a record $76.7 million for the first quarter […]

Tradeweb Reports Volume of $23.1 Trillion in June and $62.0 Trillion in Second Quarter

June ADV up 34.7% year over year; second quarter ADV up 25.5% year over year NEW YORK–(BUSINESS WIRE)–Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for June 2021 of $23.1 trillion (tn). Average daily volume (ADV) for the month […]

Disruptive.Asia: Consumer AR Needs 5G and Cheaper Headsets to Really Take Off

LONDON–(BUSINESS WIRE)–Disruptive.Asia finds that the real boost for AR will come from the consumer market – provided device prices come down far enough, and provided operators harness the combined power of 5G, cloud, edge, and AI to provide the best user experience for AR. AR is fast gaining traction in various enterprise segments, especially in […]

Tellimer Launches Original Data Sets on 50+ Emerging and Frontier Markets

LONDON–(BUSINESS WIRE)–Tellimer Group (Tellimer), the information, data & technology firm, today announces the launch of four original data sets covering over 50 international markets on its global investment intelligence platform, Tellimer Insights. Using trusted market and economic data curated by our experts, Tellimer’s in-house team of analysts have produced four distinct data sets that provide […]

Zimperium Acquires Mobile Application Security Pioneer whiteCryption

Combination of world-class app security solutions for mobile and IoT deployments provides unrivaled app protection and threat detection for zero-trust environments DALLAS & SAN FRANCISCO–(BUSINESS WIRE)–#mobilesecurity—Zimperium, the global leader in mobile security, has broadened its portfolio of mobile application protection solutions by acquiring whiteCryption, a leading provider of advanced application shielding and cryptographic key protection. […]

Increasing Momentum Behind Digital Adoption in U.S. Supplier/Buyer Transactions Drives Finstro’s Expansion Into U.S. Market

Leaning on experience in Australia, where B2B payments are over 90% digital, Finstro’s solution offers suppliers and buyers a new way to trade and drive business growth DENVER–(BUSINESS WIRE)–#B2B–Finstro, a technology-powered provider of trade credit and payment solutions for B2B commerce, is planning to capitalize on growing digital adoption momentum in the business-to-business (B2B) space […]