Business Wire

Digital Capital Raise on Netcapital Platform Sells Out in Less Than 24 Hours thumbnail

Digital Capital Raise on Netcapital Platform Sells Out in Less Than 24 Hours

Overwhelming Investor Interest in MAGFAST® Breaks Record at Netcapital Popular Offering Draws Thousands of New Investors to netcapital.com High Volume Demonstrates Scalability of Netcapital’s Digital Platform and Brand Strength BOSTON–(BUSINESS WIRE)–$NCPL #DemocratizingAccessToCapital—Netcapital Inc. (OTC: NCPL), a fintech company dedicated to democratizing private capital markets and empowering entrepreneurs to succeed, announced that a digital capital raise […]

IMM Adds 125 New Banks to Date in 2020, Pandemic Fuels Surge in eSignature Adoption thumbnail

IMM Adds 125 New Banks to Date in 2020, Pandemic Fuels Surge in eSignature Adoption

Banks meet increasing demand for remote digital experiences; eSignatures now viewed as necessity RAHWAY, N.J.–(BUSINESS WIRE)–IMM, the only eSignature provider that specializes in eSignature and digital transaction solutions exclusively for financial institutions, today announced that so far in 2020 more than 125 banks have adopted IMM eSign, the company’s premier eSignature platform, to provide customers […]

Tavant Launches Banktech Practice With Existing AI/ML Technology for Transformative Experiences thumbnail

Tavant Launches Banktech Practice With Existing AI/ML Technology for Transformative Experiences

— Leading Silicon-Valley technology provider taps Vaibhav Sharma to lead expansion; appoints Michael Livi and Debarchana Roy to the team — SANTA CLARA, Calif.–(BUSINESS WIRE)–#banktech–At American Banker’s Digital Banking 2020 conference, Tavant announced its expansion to new business lines with the launch of its Banktech practice. The Silicon Valley-based provider of AI-powered digital technologies appointed […]

Nordea Selects Sprinklr to Help Transform Banking Experiences Across Digital Channels thumbnail

Nordea Selects Sprinklr to Help Transform Banking Experiences Across Digital Channels

The largest financial group in Northern Europe uses Sprinklr’s CXM platform to unify customer support, engagement, advertising, and research NEW YORK–(BUSINESS WIRE)–#CLOUD—Sprinklr, the Customer Experience Management (CXM) platform for modern enterprises, today announced that Nordea, the largest financial services group in Northern Europe, is expanding its use of Sprinklr to deliver digital, personalized banking experiences. […]

Moody’s Analytics Wins Best AI Technology Initiative for QUIQspread™ thumbnail

Moody’s Analytics Wins Best AI Technology Initiative for QUIQspread™

NEW YORK–(BUSINESS WIRE)–Moody’s Analytics has won Best AI Technology Initiative at the 2020 American Financial Technology Awards. We earned this award for our QUIQspread™ solution, which helps financial institutions automate the spreading of financial statements. Every bank has its own unique lending criteria. But all banks start the loan origination review process by gathering and […]

ACAMS Partners with FINTRAIL to Launch New AML Compliance Certification Program for FinTech Firms

ACAMS Partners with FINTRAIL to Launch New AML Compliance Certification Program for FinTech Firms

CAFCA establishes a baseline industry standard for FinTechs facing evolving regulatory obligations CHICAGO–(BUSINESS WIRE)–#ACAMS–In response to the rapidly growing nexus between financial technology and the anti-money laundering (AML) sector, ACAMS has launched a new certification program for FinTech companies seeking to meet regulatory standards in an evolving market environment. Developed in partnership with specialist consultancy […]

Sokin to use IDEMIA’s recycled plastic payment cards for all international markets thumbnail

Sokin to use IDEMIA’s recycled plastic payment cards for all international markets

LONDON–(BUSINESS WIRE)–Sokin is set to be one of the first new-generation financial institutions to issue recycled plastic payment cards in over 200 countries. Backed by IDEMIA, the global leader in Augmented Identity, and thanks to IDEMIA’s eco-friendly offer, GREENPAY, Sokin will be able to slash plastic waste and reduce carbon emissions. GREENPAY reflects IDEMIA’s determination […]

Rapid Shift to Digital Banking During COVID-19 Accelerating Erosion in Consumer Trust, Accenture Report Finds thumbnail

Rapid Shift to Digital Banking During COVID-19 Accelerating Erosion in Consumer Trust, Accenture Report Finds

Banks must earn consumer trust if they hope to provide lucrative advisory services as a cornerstone of their growth strategies NEW YORK & LONDON & HONG KONG–(BUSINESS WIRE)–The replacement of in-person branch interactions with impersonal digital transactions through online and mobile channels during the COVID-19 pandemic has accelerated the ongoing erosion of consumer trust in […]

Skin Oncology Firm MedC Biopharma Launches Private Placement Offering on DealSquare thumbnail

Skin Oncology Firm MedC Biopharma Launches Private Placement Offering on DealSquare

Clinical-stage company is focused on innovation in skin health worldwide TORONTO–(BUSINESS WIRE)–$MEDCB #dealmaker—MedC Biopharma Corporation (“MedC”), a science-driven company that develops, produces and delivers innovative skin oncology medication worldwide, has announced the launch of its $3 million private placement offering using the DealSquare platform, powered by NEO and DealMaker technology. A clinical-stage biopharmaceutical company, MedC […]

Sea Selected for the Award of Digital Full Bank License in Singapore

Sea Selected for the Award of Digital Full Bank License in Singapore

Digital bank initiative will build on Sea’s long-standing commitment to supporting the development of the digital economy in its home market, as well as Singapore’s role as a global hub for technology and financial services. Emphasis on addressing the unmet financial services needs of young consumers and SMEs will empower more Singaporeans to thrive in […]

Free Yourself From Noise and Enjoy THX® Certified Audio With the Razer Hammerhead True Wireless Pro Earbuds thumbnail

Free Yourself From Noise and Enjoy THX® Certified Audio With the Razer Hammerhead True Wireless Pro Earbuds

Razer’s new THX® Certified Wireless Earbuds with Advanced Hybrid Active Noise Cancellation deliver low latency audio and customizable fit for immersive sound and gaming advantage IRVINE, Calif.–(BUSINESS WIRE)–#anc–Razer™, the leading global lifestyle brand for gamers, today announced the Razer Hammerhead True Wireless Pro earbuds, featuring both THX® Certified audio for high-fidelity sound and advanced hybrid […]

Ignatica, DouBao & EasiTech Ink Deal to Digitise APAC Insurance Sector thumbnail

Ignatica, DouBao & EasiTech Ink Deal to Digitise APAC Insurance Sector

New platform will speed innovation and new product development in APAC region HONG KONG–(BUSINESS WIRE)–#digitaltransformation–Ignatica, DauBao and EasiTech said Friday they’re joining forces to create a new platform that will tap the full potential of the Asia-Pacific region’s burgeoning insurance sector. The three said they’ll integrate the DouBao Digital Cloud, EasiTech Mobile Application and the […]

Fiserv Selected to Further Bank of Queensland’s Digital Strategy thumbnail

Fiserv Selected to Further Bank of Queensland’s Digital Strategy

Fintech will enable debit card program for Bank of Queensland and Virgin Money Australia BRISBANE, Queensland–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, has been selected by the Bank of Queensland (BOQ) Group to deliver a card issuing and management solution that can support multiple brands and […]

Affirm to Acquire PayBright, One of Canada’s Leading Buy-Now-Pay-Later Providers, for CAD $340 Million thumbnail

Affirm to Acquire PayBright, One of Canada’s Leading Buy-Now-Pay-Later Providers, for CAD $340 Million

Transaction Enables Affirm, a Leading U.S.-based Pay-Over-Time Platform, to Expand Presence in Canada and Serve Even More Merchants and Consumers SAN FRANCISCO–(BUSINESS WIRE)–Affirm, a more flexible and transparent alternative to credit cards, today announced it has entered into a definitive agreement to acquire PayBright, one of Canada’s leading buy-now-pay-later providers. Under the terms of the […]

Indigo Adds to Leadership Team to Accelerate Movement Toward a More Beneficial Agriculture System

Indigo Adds to Leadership Team to Accelerate Movement Toward a More Beneficial Agriculture System

The company appoints former Chief Technology Officer of GrubHub Maria Belousova as Chief Digital Officer and Elizabeth Graham as Chief Operating Officer. Belousova and Graham will further refine and open access to Indigo’s data-driven crop production and marketing platform. Building upon the expertise of Indigo’s C-Suite with backgrounds driving value for multiple stakeholders, the new […]

Institutional Investors Worldwide Use DiligenceExpress to Monitor $45 Trillion of Assets Under Management – Free of Charge thumbnail

Institutional Investors Worldwide Use DiligenceExpress to Monitor $45 Trillion of Assets Under Management – Free of Charge

MONTREAL–(BUSINESS WIRE)–#adv–Castle Hall, the Due Diligence Company, today provided an update on the firm’s DiligenceExpress due diligence monitoring tool. Institutional investors worldwide now use DiligenceExpress to monitor asset managers with total regulatory assets under management of $45 trillion – completely free of charge. The platform contains information on more than 20,000 asset managers and more […]

Andersen Global Enters Georgian Market; Adds MG Law Office

Andersen Global Enters Georgian Market; Adds MG Law Office

SAN FRANCISCO–(BUSINESS WIRE)–#agexpansion–Andersen Global enters the Georgian market through a Collaboration Agreement with Tbilisi-based law firm MG Law Office, further expanding the organization’s coverage in the region. MG Law, ranked Tier 1 by Legal 500, provides legal services to local and foreign companies, financial institutions, investment funds, governments and public enterprises. Led by its Founder […]

Netcapital Inc. to Commence Trading as NCPL and Achieves Penny Stock Exempt Status thumbnail

Netcapital Inc. to Commence Trading as NCPL and Achieves Penny Stock Exempt Status

Lifting Penny Stock Restrictions Simplifies Investing for New Participants. Penny Stock Exempt Status Increases Attractiveness to Potential New Netcapital Inc. Investors. Netcapital Inc. to Trade Under the Ticker NCPL Effective 12/4/2020, as Previously Announced. BOSTON–(BUSINESS WIRE)–$NCPL #DemocratizingAccessToCapital—Netcapital Inc. (OTC: NCPL), a fintech company dedicated to democratizing private capital markets and empowering entrepreneurs to succeed, announced […]

Banks and Retailers Urged to Update Fraud Prevention Tools to Protect Consumers and Stop Surging Identity Theft and Fraud thumbnail

Banks and Retailers Urged to Update Fraud Prevention Tools to Protect Consumers and Stop Surging Identity Theft and Fraud

MELVILLE, N.Y.–(BUSINESS WIRE)–#banking–With the holiday shopping season in high gear and COVID-19 cases continuing to skyrocket, identity theft and fraud is occurring at a record pace. According to the FBI, reported cybercrimes alone have risen 300% since the beginning of the pandemic. Fraudsters are using the abundance of stolen personal identifiable information to take over […]

CAIS Announces New Integration with Orion for Seamless Transaction Reporting thumbnail

CAIS Announces New Integration with Orion for Seamless Transaction Reporting

CAIS continues to connect the wealth management ecosystem, making it easier for independent financial advisors to access alternative investments. NEW YORK–(BUSINESS WIRE)–CAIS, the leading alternative investment platform, today announced an integration with Orion Advisor Solutions, architect of the tech-enabled fiduciary process that empowers the advisor-client journey by enabling advisors to Prospect, Plan, Invest, and Achieve […]

SellersFunding Announces Global Expansion of Industry-Leading eCommerce Financial Services Platform Into EU, UK, CA thumbnail

SellersFunding Announces Global Expansion of Industry-Leading eCommerce Financial Services Platform Into EU, UK, CA

NEW YORK–(BUSINESS WIRE)–#AmazonSeller–SellersFunding, the first-to-market provider of a turn-key integrated financial services solution for sellers on Amazon, Shopify, Magento and other marketplace and eCommerce platforms, today announced their global expansion to online sellers in Canada, the United Kingdom, and the European Union. By combining access to working capital, daily advances and global cross-border payment features, […]

Tellimer Brings Structure to Big Data With Pioneering AI Extraction Tool, Parsel

Tellimer Brings Structure to Big Data With Pioneering AI Extraction Tool, Parsel

LONDON–(BUSINESS WIRE)–Tellimer Group (Tellimer), the London-headquartered financial technology, data and information provider, has today launched its proprietary data extraction and structuring tool, Parsel. As big data collection and management continues to inundate and challenge businesses around the world, the need to efficiently recover information from large, unstructured datasets is paramount. Using advanced AI algorithms and […]

Wintrust Selects NCR Digital First Banking Platform thumbnail

Wintrust Selects NCR Digital First Banking Platform

ATLANTA–(BUSINESS WIRE)–NCR Corporation (NYSE: NCR), a global enterprise technology provider for the financial industry, today announced that Wintrust Financial Corporation (Nasdaq: WTFC), a $43 billion bank holding company with 15 branded community bank subsidiaries, selected NCR to provide its Digital First Banking platform, including its Channel Services Platform (CSP) and NCR D3 Digital Banking solutions, […]

Okta Secures the Identities of Banks, Accelerating Digital Transformation in Financial Services thumbnail

Okta Secures the Identities of Banks, Accelerating Digital Transformation in Financial Services

Financial services organizations deploy a single platform, the Okta Identity Cloud, to secure their workforces and customers SAN FRANCISCO–(BUSINESS WIRE)–Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced significant momentum in the financial services industry with new and expanded deployments for Canadian Western Bank, First National of Nebraska, and Nota, […]

CLARA Analytics Unveils Its AI-Based Litigation Avoidance Solution for Commercial Auto thumbnail

CLARA Analytics Unveils Its AI-Based Litigation Avoidance Solution for Commercial Auto

CLARA Litigation for Commercial Auto Reduces Attorney Involvement and Litigation Rates, Improves Loss Ratios 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 it has expanded its proven litigation product into the commercial auto line. CLARA Litigation for Commercial Auto applies revolutionary […]

Q2 Helps to Build Strong and Diverse Communities Around the World thumbnail

Q2 Helps to Build Strong and Diverse Communities Around the World

Donations Reinforce Company Mission and Address the Unique Challenges of 2020 AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, today announced its expanded support for organizations that are meaningful to employees around the world: Code2College, Black Girls Code, Year Up, International Relief Teams (IRT), and […]

SoftWorks AI, Tavant Partner to Provide Intelligent Document Automation Solutions for Digital Mortgages thumbnail

SoftWorks AI, Tavant Partner to Provide Intelligent Document Automation Solutions for Digital Mortgages

Joint solution streamlines creation, management of digital loan files, delivers touchless mortgage automation FOREST HILLS, N.Y.–(BUSINESS WIRE)–SoftWorks AI, an AI and computer vision-based mortgage automation firm, today announced it has entered a strategic alliance with Tavant, a Silicon Valley-based provider of AI-powered digital lending technologies, to provide organizations with an enhanced digital mortgage experience. SoftWorks […]

ClientPay Makes Payment Acceptance Simpler for Leading Law Firms Through Integrated Payment Pages thumbnail

ClientPay Makes Payment Acceptance Simpler for Leading Law Firms Through Integrated Payment Pages

The new integrated feature is available for all ClientPay Connect customers as part of the practice management system integration. ST. PAUL, Minn.–(BUSINESS WIRE)–#Accounting–ClientPay (clientpay.com), an award-wining digital payment acceptance solution for legal and professional services firms, has announced enhanced integrations with some of the legal industry’s leading practice management solutions. Law firms using the ClientPay […]

Skyflow Joins Financial Data Exchange to Transform Secure Sharing of Banking Data thumbnail

Skyflow Joins Financial Data Exchange to Transform Secure Sharing of Banking Data

Company Extends Industry-First Privacy Cloud to Global Financial Services Firms PALO ALTO, Calif.–(BUSINESS WIRE)–#dataprivacy—Skyflow, the leader in protecting privacy for enterprises, today announced it is joining the Financial Data Exchange (FDX) to help speed the financial industry’s transition to modern, transparent and secure data sharing. The rapid adoption of cloud services and the increased mobility […]

BAC Community Bank Adds to its Digital Banking Solutions through Partnership with ZSuite Technologies thumbnail

BAC Community Bank Adds to its Digital Banking Solutions through Partnership with ZSuite Technologies

Community financial institution to offer ZRent and ZDeposit BURLINGTON, Mass.–(BUSINESS WIRE)–#ZDeposit—ZSuite Technologies, a financial technology company offering digital tools that help small businesses and individuals automate collection of recurring payments and manage security deposits, has partnered with California-based BAC Community Bank (BAC). This relationship enables the bank to expand its digital offerings to include ZRent […]

Javelin Strategy & Research Expands Capabilities With Addition of Wealth Management Practice Led by Industry Leader William Trout thumbnail

Javelin Strategy & Research Expands Capabilities With Addition of Wealth Management Practice Led by Industry Leader William Trout

New Digital Wealth offering to expand and enhance Escalent’s financial services portfolio SAN FRANCISCO–(BUSINESS WIRE)–Javelin Strategy & Research, part of the Escalent family, today announced the expansion of its industry-leading financial services research and insight capabilities with the addition of a new wealth management offering. The Digital Wealth practice is led by the newly appointed […]

Wolters Kluwer Compliance Solutions’ Samir Agarwal Named a 2020 Tech Trendsetter thumbnail

Wolters Kluwer Compliance Solutions’ Samir Agarwal Named a 2020 Tech Trendsetter

HousingWire magazine’s annual award showcases excellence in financial technology leadership NEW YORK–(BUSINESS WIRE)–Samir Agarwal, Vice President for Wolters Kluwer Compliance Solutions’ banking segment, has been named as one of HousingWire magazine’s 2020 Tech Trendsetters of the Year. Established in 2019, the Tech Trendsetters Award honors professionals who work to create, innovate, and improve on the […]

Step Raises $50 Million in Series B Funding Following Massive Consumer Demand From Its Recent Launch thumbnail

Step Raises $50 Million in Series B Funding Following Massive Consumer Demand From Its Recent Launch

Led by Coatue, the round includes Step partner Charli D’Amelio as well as several notable celebrity and Silicon Valley fintech investors. SAN FRANCISCO–(BUSINESS WIRE)–Step, the new modern-day financial services company built for teens and families, today announced a $50 million Series B round of funding. The round was led by Coatue, with participation from returning […]

One in 10 Paystubs Submitted to Lenders as Proof of Income are Fake

One in 10 Paystubs Submitted to Lenders as Proof of Income are Fake

Lenders urged to adopt new measures to protect against fraudulent misrepresentation SAN DIEGO–(BUSINESS WIRE)–#ai–Point Predictive Inc., the San Diego-based company that provides machine learning solutions to the lending industry, has determined that many U.S. auto lenders may be experiencing a 50% increase in fraudulent misrepresentation of applicant income since the onset of the pandemic, an […]

ACAMS’ 11th Annual AML and Anti-Financial Crime Conference – Global Insights, MENA Solutions to Bring Together Leading Compliance Experts for One-of-a-Kind Virtual Event

ACAMS’ 11th Annual AML and Anti-Financial Crime Conference – Global Insights, MENA Solutions to Bring Together Leading Compliance Experts for One-of-a-Kind Virtual Event

Speakers include officials from the Central Bank of Bahrain, Dubai Financial Services Authority, Abu Dhabi Global Market and Egyptian Money Laundering and Terrorist Financing Combating Unit CHICAGO–(BUSINESS WIRE)–#ACAMS–As part of its efforts to support compliance professionals across the globe, ACAMS will host its 11th Annual AML & Anti-Financial Crime Conference – Global Insights, MENA Solutions […]

OurCrowd Forms Strategic Partnership with Portugal’s UnderRock Investments

OurCrowd Forms Strategic Partnership with Portugal’s UnderRock Investments

Expansion in Spain and Portugal to focus on local Iberian innovation JERUSALEM & LISBON, Portugal–(BUSINESS WIRE)–OurCrowd, the world’s largest global venture investing platform, today announced an expansion of its Iberian operations through a partnership with Portuguese venture capital firm UnderRock Investments. UnderRock Managing Partner Miguel Horta e Costa will lead the initiative following a long […]

Riskalyze Delivers a Holiday Gift to Every Financial Advisor in the United States: Free End-of-Year Rebalancing for All of Their Clients thumbnail

Riskalyze Delivers a Holiday Gift to Every Financial Advisor in the United States: Free End-of-Year Rebalancing for All of Their Clients

AUBURN, Calif.–(BUSINESS WIRE)–#fearlessinvesting—Riskalyze, the company that serves tens of thousands of financial advisors with risk alignment, investment analytics, and trading software, has introduced free access to its award-winning platform. The industry’s leading financial technology firm is now offering Riskalyze Trading and Riskalyze Elite at no-cost for advisors through the end of the year. This limited-time […]

Best’s Review Presents “The Entrepreneurial Agent/Broker” Series thumbnail

Best’s Review Presents “The Entrepreneurial Agent/Broker” Series

OLDWICK, N.J.–(BUSINESS WIRE)–Best’s Review features “The Entrepreneurial Agent/Broker,” a cross-media project with AM BestTV in which top industry leaders discuss how tomorrow’s insurance coverages, business models and risk strategies get their start, often in the field crafted by innovative agents and brokers. In “Strength Through Specialization,” high-profile insurance leaders who built world-spanning careers on focused […]

Potomac Fund Management Partners with Geneos Wealth Management; Models Now Available for Geneos’ 300 Financial Advisors thumbnail

Potomac Fund Management Partners with Geneos Wealth Management; Models Now Available for Geneos’ 300 Financial Advisors

MIAMI–(BUSINESS WIRE)–#FinTech—Potomac Fund Management, Inc. (“Potomac”), a boutique investment strategist, is pleased to announce that its model portfolios are now available on the Axiom RIA platform available to Geneos Wealth Management, which serves 300 financial advisors managing upwards of $3 billion of client assets. In addition to the Geneos deal, Potomac was recently added to […]

The Vistria Group Invests in Leading Education Technology Company Edmentum thumbnail

The Vistria Group Invests in Leading Education Technology Company Edmentum

Majority investment by The Vistria Group propels Edmentum’s next phase of strategic growth forward CHICAGO & BLOOMINGTON, Minn.–(BUSINESS WIRE)–Edmentum (edmentum.com), a global leader in education and innovative solutions for teaching and learning, announced a strategic growth investment from The Vistria Group (“Vistria”), a Chicago-based private investment firm focused on companies in the healthcare, education, and […]

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