Business Wire


CLARA Analytics Names Heather H. Wilson as Chief Executive Officer

SANTA CLARA, Calif.–(BUSINESS WIRE)–#AI—CLARA Analytics (“CLARA”), the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, today announced that Heather H. Wilson has been named as Chief Executive Officer. The CLARA Board of Directors selected Wilson based on her long track record of outstanding leadership in insurance and various global industries, including […]

STP Investment Services Offers Relief to Those Left Hanging by OASYS

Firm offers a lifeline to those clinging on to the DTCC’s soon-to-be-decommissioned OASYS by removing set-up and implementation fees WEST CHESTER, Penn.–(BUSINESS WIRE)–#DTCC—STP Investment Services, a comprehensive provider of front, middle and back-office operational services and fintech solutions, is offering investment managers who utilize the DTCC OASYS platform a migration to the STP settlements services […]

Emburse Pay – B2B Payments to Deliver First Fully Automated Purchase Order-to-Payment Processing

Extends Emburse Pay suite of global payments capabilities; integrated solution eliminates manual check runs, reduces payments errors, and optimizes spend LOS ANGELES & PORTLAND, Maine–(BUSINESS WIRE)–Emburse, a global leader in expense management and accounts payable automation, announces the launch of Emburse Pay – B2B Payments, delivering strategic spend management for corporate accounts payable teams. Emburse […]

Imply Closes $70 Million Series C at $700M Valuation to Extend Leadership as Foundational Platform for Analytics-in-Motion

Significant customer momentum underscores movement away from expensive, slow and static analytics solutions towards highly-scalable, cost-effective, and interactive analytics solutions BURLINGAME, Calif.–(BUSINESS WIRE)–#funding–Imply, the pioneer of Analytics-in-Motion, and founded by the original creators of Apache Druid, today announced the closing of a $70 million Series C led by Bessemer Venture Partners with participation from Tiger […]

Republic Bank Selects Fiserv Technology to Revolutionize its Banking Systems and Digital Offerings

Republic will deliver effortless, multi-channel experiences for consumers and businesses BROOKFIELD, Wis.–(BUSINESS WIRE)–#banking—Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced Republic Bank (NASDAQ: FRBK) has selected Fiserv as its new strategic technology partner for core processing, payments and digital solutions. Ranked as America’s #1 Bank for Service by […]

TimeTrade SilverCloud Announces Self-Service Assistance Package

Comprehensive solution to improve customer experience, increase digital banking adoption in direct response to today’s banking environment TEWKSBURY, Mass.–(BUSINESS WIRE)–TimeTrade SilverCloud, the industry-leading provider of customer engagement solutions, announced today that it has launched its Self-Service Assistance Package that enables banks and credit unions to quickly increase digital adoption and improve the online experience for […]

Coin Cloud Set to Install 2,000th Digital Currency Machine as Popularity of Digital Money Grows

The major milestone demonstrates Coin Cloud’s trajectory as the largest and fastest growing operator of digital currency machines LAS VEGAS–(BUSINESS WIRE)–#bitcoin—Coin Cloud, the largest and fastest-growing digital currency machine (DCM) operator in the world, announced today it is set to install its 2,000th kiosk across the United States and Brazil following retail partnerships with CAL’s […]

Lufax Retail Credit Platform Ping An Puhui Launches AI-Powered Smart Loan Solution

“Xingyun” to Streamline Loan Applications for Small and Micro Enterprises SHANGHAI–(BUSINESS WIRE)–Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that its retail credit facilitation platform subsidiary, Ping An Puhui (“Puhui”), has launched a smart loan solution powered by artificial intelligence (AI). Named “Xingyun”, […]

New Role Monitoring Software helps Comply with Role Assurance Regimes

NEW YORK–(BUSINESS WIRE)–#asiarisk–MCO (MyComplianceOffice) announces the launch of Role Monitoring and Assurance (RMA), the latest addition to it’s award-winning Know Your Employee suite. RMA allows firms to capture relevant employee functions, responsibilities, and activities in compliance with role assurance regimes. Role assurance regimes and regulatory guidelines on individual accountability are part of a global trend […]

MVB Bank Launches MVB Edge Ventures

Subsidiary to Provide Oversight, Alignment and Structure for MVB’s Tech Company Initiatives FAIRMONT, W.Va.–(BUSINESS WIRE)–MVB Bank, Inc. (“MVB Bank,” “MVB”) today announced the formation of a new wholly-owned subsidiary, MVB Edge Ventures. Based on a private equity fund model, MVB Edge Ventures provides management oversight, alignment and structure for MVB’s technology investments and allocates resources […]

iNitrile’s Journey to Redefine PPE Safety in the U.S Boosted by $33 Million Investment

Starting production this September, iNitrile’s pioneering new approach normalizes PPE protocols at work, minimizing waste, cost, and on-premise infection for companies across the United States HOUSTON–(BUSINESS WIRE)–#COVID19—iNitrile, a leading medtech provider which invented and developed automated disposable glove dispensers to combat infections in organizations, and a subsidiary of Texas Medical Technology, a leading medtech company, […]

i2c Becomes First Company to be a Visa Fintech Fast Track Member in Four Regions

Extension of program membership to Asia-Pacific follows USA, Canada, and Middle East-North Africa REDWOOD CITY, Calif.–(BUSINESS WIRE)–#apis—i2c, a leading provider of digital payment and banking technology, today announced the extension of its membership in Visa’s Fintech Fast Track program to the Asia-Pacific region (AP), making it the first company to become an enablement partner in […]

Cambridge Savings Bank’s Commercial Lending Team Enables Expansion of R.J. Forbes Painting Contractor, Inc.

CAMBRIDGE, Mass.–(BUSINESS WIRE)–#assetbasedlending—Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announces that its Commercial Lending team has extended financing to R.J. Forbes Painting Contractor, Inc. (R.J. Forbes) by securing a SBA 504 Loan through Bay Colony Development Corporation, a certified development company whose […]

Prelim Supports Treasury Origination and Management Services Through its No-Code/Low-Code Platform

SAN FRANCISCO–(BUSINESS WIRE)–With business owners seeking better banking experiences and resources to manage their financial assets and holdings, Prelim, a fintech provider that optimizes digital banking experiences for financial institutions, announced its easy-to-use, no-code/low-code platform includes enhanced capabilities to support treasury origination and management services. In today’s digital-first world, banks and credit unions must integrate […]

RIMES Technologies Achieves Carbon Neutrality

RIMES is carbon negative as of 2021; a key pillar of its ESG strategy LONDON–(BUSINESS WIRE)–#carbonneutral–RIMES Technologies, the global leader in Managed Data Services (MDS) and RegTech solutions for financial institutions, today announces that it has been certified as Carbon Neutral Plus by Carbon Footprint, an organization that helps corporates and individuals reduce their carbon […]

Velocity Solutions Announces CIBC Bank USA Has Selected the Akouba Digital Lending Platform

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–#Akouba—Velocity Solutions, LLC announced that CIBC Bank USA will use Velocity’s digital lending platform to support its small business banking division. Akouba’s secure cloud-based SaaS platform reduces the cost and time and risk of originating loans, while increasing the profitability of each loan. Financial institutions retain control over the decision, the pricing, […]

Silverfort CTO to Present Session on Identity-Based Lateral Movement Attack Detection and Mitigation at Identiverse 2021

Yaron Kassner to Discuss How AI and Machine Learning Can be Used To Detect and Block Identity-Based Lateral Movement Attacks In Real time BOSTON & TEL AVIV, Israel–(BUSINESS WIRE)–#IAM—Silverfort, the unified identity protection company, today announced that CTO Yaron Kassner will present a session that will explain how compromised identities are used in lateral movement […]

Trux and REIN Team Up to Offer Dump Truck Drivers Integrated Access to Insurance

Collaboration Helps Haulers Easily Renew Insurance and Access Premium Discounts With Potential Savings of Up to 18%* FRAMINGHAM, Mass.–(BUSINESS WIRE)–Trux™, the only heavy construction logistics platform that connects trucking companies, contractors, brokers, and material producers to the nation’s largest dump truck marketplace, announced today a collaboration with Boston-based REIN. REIN offers a revolutionary embedded insurance […]

eMaxx launches Alternative Energy Warranty Products through variable cost captive solution

PEABODY, Mass.–(BUSINESS WIRE)–eMaxx, a tech-enabled specialty provider of commercial property and casualty insurance programs, now offers the ability to provide its highly successful alternative energy warranty products through a variable cost captive solution. The suite of warranty programs provide support to manufacturers, developers and owners for renewable, alternative and energy efficiency projects by providing an […]

Lively Surpasses Half a Billion in Assets

Coupled with the IRS Non-Bank-Trustee (NBT) designation, Lively has solidified its position in the HSA market and secured customer trust. SAN FRANCISCO–(BUSINESS WIRE)–#HSA—Lively, Inc., creators of the modern health savings account (HSA), today announces it has exceeded $500 million in HSA assets. The milestone cements its position as the fastest-growing HSA provider and reaffirms its […]

QED Investors Hires Former J.P. Morgan Managing Director to Expand Growth-Stage Investments

ALEXANDRIA, Va.–(BUSINESS WIRE)–QED Investors, a leading global boutique venture capital firm focused on investing in disruptive financial services companies, announced today that it has hired Chuckie Reddy as a partner to focus on growth-stage investments. Chuckie joined QED Investors from J.P. Morgan where he spent 17 years, most recently as managing director and head of […]

White Clay Receives TAG FinTech ADVANCE Award for Offering Innovative Fintech Solution to Banking Industry

  LOUISVILLE, Ky.–(BUSINESS WIRE)–White Clay, a fintech company that provides a user-friendly experience to help bankers increase profitability, drive team performance and manage relationships, was named a 2021 ADVANCE Award winner by the Technology Association of Georgia (TAG) FinTech ADVANCE program, which recognizes innovative U.S. fintech companies with connections to Georgia. The ADVANCE Award is […]

HST Pathways Announces Merger with Clariti Health for Enhanced Patient Price Transparency Resources as Part of its End-to-End Premium Technology Solution

The merger combines HST Pathways’ best in class revenue cycle management tool with premium solutions to address ASC patient, provider, and administrative needs NASHVILLE, Tenn.–(BUSINESS WIRE)–HST Pathways announced this morning its merger with healthcare price transparency leader, Clariti Health. The integration of Clariti Health with HST Pathways will empower ambulatory surgery center (ASC) clients nationwide […]

InvoiceCloud Announces Strategic Partnership with Zensar

BOSTON–(BUSINESS WIRE)–InvoiceCloud, an EngageSmart solution for online bill payment services, announced that it has entered into a strategic partnership with Zensar, a leading digital solutions and technology services company. This partnership brings together the user-friendly SaaS platform of InvoiceCloud and Zensar’s global strategic consulting, enterprise delivery, and implementation services designed to create compelling value for […]

Cross River Launches Venture Capital Arm to Propel the Next Generation of Fintech Startups

FORT LEE, N.J.–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced Cross River Digital Ventures, its recently established venture capital arm. Cross River Digital Ventures seeks to invest in companies that sit at the intersection of lending, payments, investing and fintech, and are […]

BlackRock and iCapital Network® Expand Existing Partnership to Broaden Private Market Access to Wealth Managers Internationally

BlackRock will leverage iCapital’s technology and service solution to increase access to its private markets product range internationally, including European Long-Term Investment Funds (ELTIFs) in Europe Partnership driven by a shared ambition to enhance access to private markets, bringing the benefits of this asset class to more investors across EMEA, APAC and LATAM LONDON & […]

HighRadius Launches Highako Academy, The World’s First Microlearning and Community Platform for Order to Cash and Treasury Teams

More than 10,000 credit, collections and A/R professionals from 2800+ companies access 650+ videos in 200+ courses on the platform New ‘Highako Academy’ learning platform to be unveiled at the Credit SkillCon ‘21, led by 17 industry experts including Scott Blakeley, Wanda Borges, Bob Shultz, Jerry Bailey, Richard Macias, Jessica Butler and John Donovan Training […]

Fi911: Mentorship Program Launched to Elevate Women in the Rapidly Growing Fintech Industry

Fi911’s LIFT: Elevating Women in Fintech offers accessible, free mentoring from influential leaders in the industry TAMPA BAY, Fla.–(BUSINESS WIRE)–Fi911, the sister company of Chargebacks911, has launched a new micro-mentorship program to empower female leadership across the thriving fintech and payments arena. LIFT: Elevating Women in Fintech aims to champion and enable more women to […]

Ecommerce Localization Specialist, Reach, Builds Unstoppable Momentum With New Senior Appointments and Canadian Office Move

The leading Canadian fintech has welcomed new talent after impressive 50% year-on-year growth four years running CALGARY, Alberta–(BUSINESS WIRE)–Reach, the global payment localization provider, has announced the appointment of two members of senior management, with Sarah Hermary joining as Head of Human Resources, and Lohrasp Seify as Head of Data. The new hires will support […]

EMTECH CEO Carmelle Cadet Testifies Before U.S. House of Representatives on the Future of Blockchain and Central Bank Digital Currency

Cadet, a Leading Global Fintech Innovator, Provides Expertise on How the U.S. Can revolutionize its financial market infrastructure, with an inclusive, modern and resilient digital cash infrastructure for all NEW YORK–(BUSINESS WIRE)–#bitcoin—EMTECH, a first-of-its-kind fintech for central banks, announced today that Chief Executive Officer Carmelle Cadet has been selected to provide testimony about digitizing the […]

ČSOB Insurance Selects Earnix to Implement Personalized Consumer Products and Rates

BOSTON & LONDON–(BUSINESS WIRE)–#Earnix—Earnix, a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks, has been selected by one of the largest banking and insurance institutions in the Czech Republic, ČSOB Group, to integrate Earnix’s analytical personalization system into its personal lines insurance offering. Driven by cutting-edge analytics, artificial intelligence […]

Next Generation Insurtech Disruptor Abacai Strengthens Senior Team With Key Leadership Hires

Insurance industry heavyweights join Abacai CEO, Mark Wilson, at pivotal time for the industry Abacai’s integrated platform will provide a better insurance experience to customers powered by AI and contextual data technology Abacai intends to disrupt the industry on behalf of the customer LONDON–(BUSINESS WIRE)–Abacai Group (“Abacai” or “the Group”), the next generation insurtech disruptor, […]

Razer Announces the Ultimate AMD Gaming Laptop: The New Razer Blade 14

The Razer Blade 14 returns as the world’s most powerful 14-inch gaming laptop – powered by the AMD Ryzen™ 9 5900HX, and running the fastest 14-inch gaming displays, all in the most compact 14-inch gaming chassis. IRVINE, Calif.–(BUSINESS WIRE)–#AMD–Razer™, the leading global lifestyle brand for gamers (Hong Kong Stock Code: 1337), today announced during their […]

Origami Risk Offers Free Healthcare Risk Technology Buyers Guide

New Generation of Systems Helps Healthcare Professionals Overcome Silos, Improve Risk Management, Patient Safety, Quality, Compliance and Results CHICAGO–(BUSINESS WIRE)–#AI–Origami Risk, the industry-leading risk, safety and insurance Software as a Service (SaaS) technology firm, has developed a free comprehensive guide for healthcare executives evaluating risk management information systems (RMIS). “A healthcare RMIS should help drive […]

SRAX Releases the 1×1 Meeting Feature on the Sequire Virtual Events Platform

LOS ANGELES–(BUSINESS WIRE)–$SRAX #SRAX–SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the release of its 1×1 Meeting Feature in the Sequire Virtual Events Platform. This new addition will allow companies to connect with existing and potential shareholders on an […]

HiFiBiO Therapeutics Closes $75 Million Series D Financing to Accelerate Pipeline With Two Lead Immuno-Oncology Programs and Validate Its DIS™ Approach in the Clinic

Latest funding led by Mirae Asset Financial Group and joined by B Capital Group, Sherpa, and other new investors together with existing investors such as IDG and Sequoia CAMBRIDGE, Mass. & HONG KONG & HANGZHOU, China & SHANGHAI & PARIS–(BUSINESS WIRE)–#Immunotherapy—HiFiBiO Therapeutics, a multinational biotechnology company with unique expertise in immune modulation and drug intelligent […]

ICE Reports Record Total Futures and Options Open Interest of 85.8 Million Contracts

Total Open Interest +10% y/y LONDON & NEW YORK & SINGAPORE–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record open interest of 85.8 million contracts on June 10, 2021. The record depth of liquidity across ICE’s markets is being driven by products including: ICE Low Sulphur […]

BMO Harris Bank Selects FIS for Modernization of Core and Digital Banking Platforms

Key facts Technology modernization provides BMO with greater agility to make banking more convenient for customers, support its continued growth in the U.S. market, bring new products to market more quickly, and increase operational efficiencies. Expanded agreement with FIS will enable BMO customers to enjoy mobile-first deposit and checking accounts and leading digital solutions across […]

Bank of America Opens First Financial Centers in Kentucky

Expansion Further Demonstrates High-Tech, High-Touch Approach to Client Service LEXINGTON, Ky.–(BUSINESS WIRE)–Bank of America today announced it has opened its first financial centers in Kentucky. The opening of three centers in Lexington brings retail banking, lending and small business services to local clients, along with investing and personalized financial guidance from Merrill. In addition to […]

BlackRock Real Assets Achieves a US$1.67 Billion Final Fundraise for Inaugural Global Infrastructure Debt Strategy

Global Infrastructure Debt Fund is the largest first-vintage high yield infrastructure debt fund, tripling initial target Positions BlackRock Real Assets as leading global infrastructure manager with investment capabilities across the capital structure 1 NEW YORK–(BUSINESS WIRE)–BlackRock Real Assets has achieved a US$1.67 billion final fundraise for the Global Infrastructure Debt Fund (“GID” or the “fund”), […]