Business Wire

Osaka Matsui Management Says With IPO Looming, Jack Ma’s Ant Group Earns $3.5 Billion Profit in Six Months

Osaka Matsui Management Says With IPO Looming, Jack Ma’s Ant Group Earns $3.5 Billion Profit in Six Months

OSAKA, Japan–(BUSINESS WIRE)–Analysts at Japanese financial services company Osaka Matsui Management have said that billionaire Jack Ma-backed Chinese financial-technology juggernaut Ant Group Co. earned an estimated $3.5 billion during a recent six-month period, demonstrating how lucrative the company’s business has been as it moves closer towards a blockbuster initial public offering. “According to financial results […]

Temenos Named a Leader for 11th Time in Gartner Magic Quadrant for Global Retail Core Banking thumbnail

Temenos Named a Leader for 11th Time in Gartner Magic Quadrant for Global Retail Core Banking

Leader position is based on Completeness of Vision and Ability to Execute Temenos believes this is recognition of its innovative cloud-native technology and its investment in delivering the richest banking functionality Temenos has the largest cloud core banking software installed base globally GENEVA–(BUSINESS WIRE)–Temenos (SIX: TEMN), the banking software company, today announced that leading industry […]

Strivve Announces “TopWallet™ Rewards” - First-Ever Rewards Platform Driving Top of Wallet® Online Payment Incentive Programs thumbnail

Strivve Announces “TopWallet™ Rewards” – First-Ever Rewards Platform Driving Top of Wallet® Online Payment Incentive Programs

CardUpdatr App and CardSavr® Platform Provide Card Issuers Real-Time Card-On-File Rewards Solutions SEATTLE–(BUSINESS WIRE)–#fintech—Strivve, Inc, a Seattle-based financial technology company, today announced the availability of TopWallet™ Rewards, complementing the recently announced TopWallet™ Tools. TopWallet Rewards is powered by Strivve’s CardSavr Platform and provides real-time notifications to card issuers, allowing them to immediately reward their cardholders […]

Pivot Health Announces Partnership With Quotit Corporation, Expanding Agent Base And Quoting Capabilities thumbnail

Pivot Health Announces Partnership With Quotit Corporation, Expanding Agent Base And Quoting Capabilities

Software platform now allows insurance agents to quote several Pivot Health health insurance plans NEW YORK–(BUSINESS WIRE)–#healthinsurance—Pivot Health, a division of HealthCare.com, a leader in technology-enabled health insurance solutions, today announced its partnership with Quotit Corporation, an insurance software service provider that provides health insurance agents the ability to assist clients with health insurance quotes […]

CSI Completes 15 Virtual Core Conversions in COVID-19 Environment thumbnail

CSI Completes 15 Virtual Core Conversions in COVID-19 Environment

-Virtual projects deployed for banks ranging up to $1.6 billion in assets during pandemic- PADUCAH, Ky.–(BUSINESS WIRE)–Despite limitations on in-person work and travel due to COVID-19, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, has successfully completed 15 virtual core conversions since the beginning of the pandemic. Five of […]

ErisX Selected to Participate in Hawaii’s Digital Currency Innovation Lab Pilot Program thumbnail

ErisX Selected to Participate in Hawaii’s Digital Currency Innovation Lab Pilot Program

CHICAGO & NEW YORK–(BUSINESS WIRE)–ErisX today announced participation in a pilot program by the State of Hawaii’s Digital Currency Innovation Lab (DCIL) to provide residents of Hawaii immediate access to a U.S. based spot and regulated futures market on cryptocurrencies. Under the two-year pilot program, ErisX is one of 12 digital currency issuers allowed to […]

Origami Risk and LineSlip Join Forces to Help Risk Managers Track, Manage and Renew Worldwide Insurance Programs thumbnail

Origami Risk and LineSlip Join Forces to Help Risk Managers Track, Manage and Renew Worldwide Insurance Programs

AI-driven Solutions Offer Timely Access to Loss, Exposure and Policy Data/Analytics, Streamlining Insurance Decision-Making and Supporting Renewals in Evolving Market CHICAGO & NEW YORK–(BUSINESS WIRE)–#AI–Origami Risk LLC and LineSlip Solutions, Inc. today announced they have formed an exclusive relationship that will enable Origami’s clients to readily access the critical information they need to manage their […]

LifeYield Unlocks $5.3B of Potential Lifetime Social Security Benefits in First Half of 2020 thumbnail

LifeYield Unlocks $5.3B of Potential Lifetime Social Security Benefits in First Half of 2020

Social Security Advantage tech adds average of $150K of possible retirement money per client BOSTON–(BUSINESS WIRE)–The difference between an adequate Social Security benefit filing strategy and an optimal one can be life-changing. LifeYield LLC, the market leader in developing cloud-based solutions that help advisors maximize retirement income for their clients, today reveals that advisors using […]

Fiserv Enables Financial Institutions to Take Lease Accounting from a Spreadsheet to the Balance Sheet thumbnail

Fiserv Enables Financial Institutions to Take Lease Accounting from a Spreadsheet to the Balance Sheet

Collaboration with LeaseQuery allows Fiserv accounting software users to streamline lease accounting processes and address FASB standard BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling financial institutions to advance their lease accounting processes and address industry standards through a new agreement with LeaseQuery. This […]

NestEgg Launches “Bring Your Own Contractor” Feature to Instantly Connect the Country’s 12M Independent Landlords with Vendors for Maintenance Issues

NestEgg Launches “Bring Your Own Contractor” Feature to Instantly Connect the Country’s 12M Independent Landlords with Vendors for Maintenance Issues

All-in-one service saves landlords an average of 75% of their time on a weekly basis CHICAGO–(BUSINESS WIRE)–Today NestEgg, a fintech software startup building the future of property management, announced a new “Bring Your Own Contractor” feature that is now available for the 12 million independent landlords in the US. This new feature immediately gives landlords […]

DaySmart Software Celebrates Growth Fueled by Strong Customer Relations thumbnail

DaySmart Software Celebrates Growth Fueled by Strong Customer Relations

Earns spot on the Inc. 5000 list for the 10th consecutive year ANN ARBOR, Mich.–(BUSINESS WIRE)–DaySmart Software, the leading provider of business management software driving small business growth, has been recognized by Inc. Magazine as one of the 5,000 fastest-growing, privately held companies in America for the 10th consecutive year. “Our strong and continued growth […]

Cross River Collaboration and Settlement With Colorado Attorney General Will Promote Responsible Bank-Fintech Partnerships

Cross River Collaboration and Settlement With Colorado Attorney General Will Promote Responsible Bank-Fintech Partnerships

Settlement Validates Cross River Lending Model, Removes Cloud of Uncertainty and Allows Responsible Lenders to Continue to Provide Access to Credit to Consumers in Need Resolves Issue of “True Lender” and Creates a Regulatory Framework That Can Be Replicated in States Across the Country FORT LEE, N.J.–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a leading innovator […]

Fig Tech Partners with Upper90 to Lead Digital Transformation of Non-profit Lending Programs thumbnail

Fig Tech Partners with Upper90 to Lead Digital Transformation of Non-profit Lending Programs

NEW YORK–(BUSINESS WIRE)–Fig, a technology driven Community Development Financial Institution (CDFI), and Upper90, a leading alternative credit provider, are building tailored software solutions for underbanked Americans. Fig’s technologies empower community organizations to reach a significantly larger client base at a fraction of the cost. Early adopters of the platform include the United Way of Greater […]

Urban FT Launches Industry’s First ‘FinTech Core’ to Centralize FinTech Infrastructure Into One Tech-Hub thumbnail

Urban FT Launches Industry’s First ‘FinTech Core’ to Centralize FinTech Infrastructure Into One Tech-Hub

The X-35 FinTech Core™ gives financial institutions a centralized technology hub to integrate with and manage their third-party solution providers. NEW YORK–(BUSINESS WIRE)–#BaaS–Urban FT Group, Inc., one of the most progressive and successful FinTech companies serving the Banking and Payments industry, announced today the launch of the X-35 FinTech Core™, an API-first, developer-friendly, and cloud-based […]

Applied Data Finance Recognized as Fastest Growing Company by The Financial Times and Inc. Magazine

Applied Data Finance Recognized as Fastest Growing Company by The Financial Times and Inc. Magazine

SAN DIEGO–(BUSINESS WIRE)–Applied Data Finance, LLC (ADF), a leading technology-enabled lender and asset manager, has been recognized as one of America’s fastest growing companies by being named to The Financial Times’ inaugural list of The Americas’ Fastest Growing Companies 2020 and the Inc. 5000 list of America’s Fastest Growing Private Companies. ADF ranked #8 on […]

WNS Named a ‘Leader’ in Mortgage & Loan Services by NelsonHall thumbnail

WNS Named a ‘Leader’ in Mortgage & Loan Services by NelsonHall

NEW YORK & MUMBAI, India–(BUSINESS WIRE)–#BPM–WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced that it has been recognized as a ‘Leader’ in NelsonHall’s 2020 NEAT evaluation for Mortgage & Loan Services in the New Digital Business Models category. The NEAT assessment evaluates vendors based on their […]

FIS Speeds Access to Advanced Technology for Community Banks with New ClearEdge Solution thumbnail

FIS Speeds Access to Advanced Technology for Community Banks with New ClearEdge Solution

Key facts New offering provides qualifying community banks with pre-integrated bundle of technologies for operating a highly efficient, modern bank—all via an affordable, subscription-based model. ClearEdge leverages FIS’ simplified pricing and contracting model to dramatically simplify and streamline contracting process. JACKSONVILLE, Fla.–(BUSINESS WIRE)–As U.S. community banks position themselves for success in a post-pandemic marketplace, financial […]

Mogo Helps Protect Canadians from Rising Risk of Identity Fraud thumbnail

Mogo Helps Protect Canadians from Rising Risk of Identity Fraud

Mogo now offering digital solution MogoProtect for free VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (“Mogo”), one of Canada’s leading financial technology companies, today announced that as part of its mission to help Canadians improve their financial health, it is now providing free access to its digital ID fraud protection solution, MogoProtect, to help Canadians […]

Xformative Selected for Award-Winning Mastercard Start Path Program thumbnail

Xformative Selected for Award-Winning Mastercard Start Path Program

Cloud-native platform offers library of modular APIs for card issuance and payment solutions NEW YORK–(BUSINESS WIRE)–Xformative Payment Systems today announced that the company has been selected as one of 11 startups for the Mastercard Start Path program, which brings a global pool of innovators together to build the future of commerce. Xformative is the only […]

Marqeta Adds 3D Secure to Its Platform, Providing Customizable Authentication for Online Fraud Mitigation thumbnail

Marqeta Adds 3D Secure to Its Platform, Providing Customizable Authentication for Online Fraud Mitigation

Marqeta 3D Secure – one of the first solutions to be certified on the Visa 2.2. Standards – is designed to give issuers complete control over their cardholder authentication experience to help reduce risk of fraud. OAKLAND, Calif.–(BUSINESS WIRE)–Marqeta, the world’s first global modern card issuing platform, announced the release of its new 3D Secure […]

Remote Core Conversions Rule as Financial Institutions Move to Fiserv to Support Strategic Initiatives thumbnail

Remote Core Conversions Rule as Financial Institutions Move to Fiserv to Support Strategic Initiatives

COVID-19 pandemic hastens long-term trend toward more digital interactions BROOKFIELD, Wis.–(BUSINESS WIRE)–#banking—Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that within the last five months, more than 20 financial institutions have completed remote core conversions to advance their individual strategies of digital engagement and further customer and member […]

HICOOL Global Entrepreneur Summit and Entrepreneurship Competition Announces Semi-Final Entries thumbnail

HICOOL Global Entrepreneur Summit and Entrepreneurship Competition Announces Semi-Final Entries

BEIJING–(BUSINESS WIRE)–The First HICOOL Global Entrepreneur Summit and Entrepreneurship Competition (“HICOOL”), has announced more than 200 entries to its semi-final at a press conference hosted on August 14 in Beijing. The pioneering competition has seen a gathering of international intelligence in cutting-edge technological industries. The preliminary contests has attracted 3085 world-class science and technology talents […]

CAIS Announces Rapid Advisor Adoption for New Learning Platform

CAIS Announces Rapid Advisor Adoption for New Learning Platform

CAIS IQ is driving education of alternative investments, CE credits for Financial Advisors Everywhere NEW YORK–(BUSINESS WIRE)–CAIS, the industry-leading alternative investment platform, today announced growth and momentum for CAIS IQ, the company’s modern learning system for financial advisors, that helps them learn faster, remember longer and enhance client outcomes. CAIS IQ combines artificial intelligence with […]

Optiv Releases 2020 Cyber Threat Intelligence Estimate Exploring Vulnerability, Attack Method and Vertical Industry Trends thumbnail

Optiv Releases 2020 Cyber Threat Intelligence Estimate Exploring Vulnerability, Attack Method and Vertical Industry Trends

— Report Analyzes Data Breaches, Dark Web Practices and Other Trends Across 2019 Incidents to Help Organizations Mitigate Risk and Strengthen Defenses — DENVER–(BUSINESS WIRE)–#Optiv–Optiv Security, a security solutions integrator delivering end-to-end cybersecurity solutions, today released its 2020 Cyber Threat Intelligence Estimate (CTIE) white paper, an annual report exploring the threat trends, tools, techniques and […]

Covered Care Announces Public Launch, Helping Healthcare Providers Say “Yes” to Their Customers

Covered Care Announces Public Launch, Helping Healthcare Providers Say “Yes” to Their Customers

Industry veterans introduce tech-enabled program in response to coronavirus pandemic, widening access to credit for medical expenses with affordable rates and simple approval SAN FRANCISCO–(BUSINESS WIRE)–Covered Holdings announced the official launch of Covered Care today. Created to provide affordable healthcare financing for people declined by traditional credit, Covered Care simultaneously supports credit-challenged Americans as well […]

Metrics Global Partners with CardSync™, Adding the Revolutionary Universal Card Account Updater to its Unified Commerce Platform thumbnail

Metrics Global Partners with CardSync™, Adding the Revolutionary Universal Card Account Updater to its Unified Commerce Platform

LAS VEGAS–(BUSINESS WIRE)–Metrics Global integrates CardSync into MGI Payment’s Unified Commerce Platform, enabling their merchants to automatically update consumer credit card account details for recurring payments on all processing platforms. This critical service will help maximize a merchant’s sales revenue from any recurring payment model or channel. “CardSync is a universal account updater platform that […]

Fiserv Gives Back to Help Small Businesses Get Back to Business thumbnail

Fiserv Gives Back to Help Small Businesses Get Back to Business

Back2Business program rolls into hard-hit communities to help jump-start small minority-owned businesses affected by COVID-19 pandemic BROOKFIELD, Wis.–(BUSINESS WIRE)–Small businesses that have been impacted by the effects of the COVID-19 pandemic now have access to crucial resources as part of a new program from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and […]

Access Softek’s Access Commercial Platform Presents Growth Opportunity for Community Financial Institutions thumbnail

Access Softek’s Access Commercial Platform Presents Growth Opportunity for Community Financial Institutions

BERKELEY, Calif.–(BUSINESS WIRE)–Access Softek, Inc., a digital banking platform provider, has announced its commercial banking platform, Access Commercial, enabling community financial institutions to maintain a presence in the $600 billion commercial banking market. Access Commercial creates a seamless online experience for credit unions and community banks to meet business’s specific needs, strengthen existing business relationships […]

FIS Doubles Applications Covered by Service Level Agreement; Reduces Service Disruption Period to As Little as Ten Minutes thumbnail

FIS Doubles Applications Covered by Service Level Agreement; Reduces Service Disruption Period to As Little as Ten Minutes

Key facts Expanded service level agreement now covers 74 selected cloud-based banking and merchant solutions in the U.S. and U.K. Industry-leading SLA also reduces designated service disruption period to as little as ten minutes. FIS has invested significantly in cloud-enabling its global network, with more than 70 percent of its applications now running in the […]

SIMON Expands Annuities Marketplace as Symetra Joins Platform thumbnail

SIMON Expands Annuities Marketplace as Symetra Joins Platform

Symetra annuities are now available on SIMON’s insurtech platform, which offers powerful allocation and income analytics to wealth managers in one centralized location NEW YORK–(BUSINESS WIRE)–#FinTech–SIMON Annuities and Insurance Services LLC (“SIMON”) today announced a new partnership with Symetra Life Insurance Company (“Symetra”) in a move that expands SIMON’s annuities platform and digital marketplace for […]

WEX Announces New ClearView Snap Skill for Amazon Alexa thumbnail

WEX Announces New ClearView Snap Skill for Amazon Alexa

PORTLAND, Maine–(BUSINESS WIRE)–WEX (NYSE: WEX), a leading financial technology service provider, today announced the launch of its new ClearView Snap voice skill for Amazon Alexa. ClearView Snap is a data analytics platform that offers fleet managers and administrators quick and easy insights into fleet expenses through easy-to-read graphs and charts. This new integration will now […]

Origami Risk and Gradient AI Team to Offer Claims and Policy Modeling, Predictive Analytics Resources on Origami Digital Platform thumbnail

Origami Risk and Gradient AI Team to Offer Claims and Policy Modeling, Predictive Analytics Resources on Origami Digital Platform

Ready Access to AI-Driven Capabilities Can Help Insurers, TPAs and Self-Insured Organizations Drive Growth, Profitability, Efficiencies in Underwriting and Claims Operations CHICAGO & BOSTON–(BUSINESS WIRE)–#AI–Origami Risk LLC and Gradient AI today announced they have formed a strategic partnership to make Gradient’s claims and policy modeling capabilities and predictive analytics resources available on Origami’s industry-leading digital […]

Leading Latin American Retailer Group Goes Live with Temenos Following Remote Cloud Implementation amidst the Global Lockdown thumbnail

Leading Latin American Retailer Group Goes Live with Temenos Following Remote Cloud Implementation amidst the Global Lockdown

Banco Ripley, the financial arm of Ripley S.A., goes live with Temenos Transact to bring digital banking services to more than one million retail store customers in Peru GENEVA, Switzerland–(BUSINESS WIRE)–Temenos (SIX: TEMN), the banking software company today announced that Banco Ripley has gone live with Temenos Transact, the next generation core banking product. The […]

Mastercard Accelerate Ignites Next Generation of Fintech Disruptors and Partners to Build the Future of Commerce thumbnail

Mastercard Accelerate Ignites Next Generation of Fintech Disruptors and Partners to Build the Future of Commerce

11 companies join the Start Path startup engagement program; nearly 50 new deals signed to Engage network to help customers make growth ambitions a reality PURCHASE, N.Y.–(BUSINESS WIRE)–Mastercard has announced the expansion of its Accelerate fintech portfolio, adding dynamic entrepreneurs to its award-winning startup engagement program Start Path and more technology partners to its Engage […]

PGIM Investments and iCapital Network® Announce Partnership to Enhance Access to Alternatives

PGIM Investments and iCapital Network® Announce Partnership to Enhance Access to Alternatives

Trillion-dollar asset manager will integrate iCapital Network technology to power seamless alts experience for HNW advisor channel NEW YORK–(BUSINESS WIRE)–PGIM Investments, the retail distribution arm of PGIM, Inc., the $1.4 trillion global investment management business of Prudential Financial, Inc. (PFI), and iCapital Network1, the leading financial technology platform driving access and efficiency in alternative investing […]

Long Corridor Asset Management Selects Bare Cove Technology to Automate Operations thumbnail

Long Corridor Asset Management Selects Bare Cove Technology to Automate Operations

HONG KONG–(BUSINESS WIRE)–Bare Cove Technology Limited (BCT) is pleased to announce that Long Corridor Asset Management has selected BCT as their software development and IT automation partner. Over the past six months, BCT has developed and implemented several software solutions for Long Corridor to automate and enhance their daily reconciliations, reporting, and trading workflows. “We […]

American Pacific Mortgage Leverages Tavant’s FinXperience Platform to Launch Specialized Mortgage Channel thumbnail

American Pacific Mortgage Leverages Tavant’s FinXperience Platform to Launch Specialized Mortgage Channel

Brokerage tool provides improved speed of response, enhanced communication capabilities, streamlined experience SANTA CLARA, Calif.–(BUSINESS WIRE)–#fintech—Tavant, a Silicon Valley-based digital lending products and solutions company, today announced American Pacific Mortgage deployed its FinXperience platform to launch a new Specialized lending channel. With Tavant’s FinXperience platform, the lender is able to provide its growing network of […]

Siebert Corporate Services to offer Carver Edison's Cashless Participation™ for Stock Plan Services thumbnail

Siebert Corporate Services to offer Carver Edison’s Cashless Participation™ for Stock Plan Services

Siebert Corporate Service’s new partnership will support its stock plan clients and allow for future growth in equity compensation. NEW YORK–(BUSINESS WIRE)–$Nasdaq #Nasdaq–Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”) and Carver Edison announced a new partnership to offer Carver Edison’s Cashless Participation to Siebert’s stock plan clients. This partnership provides current and future Siebert Corporate Services […]

daVinci Payments Introduces Payment Accelerator to Drive Customer Traffic with Mobile Incentive Rewards thumbnail

daVinci Payments Introduces Payment Accelerator to Drive Customer Traffic with Mobile Incentive Rewards

Fintech leader debuts virtual prepaid incentive rewards stored in phone and activated instantly upon the completion of a desired behavior CHICAGO–(BUSINESS WIRE)–daVinci Payments announced the launch of Payment Accelerator, an industry-first loyalty and acquisition engine that boosts engagement through texted virtual payment offers. Payment Accelerator sends mobile opt-in contacts a link to a virtual prepaid […]

Insurity and WorkersCompensation.com Partner to Streamline Administration of Claims Forms and Disability Rates for ‘Workers’ CompXPress Suite’ thumbnail

Insurity and WorkersCompensation.com Partner to Streamline Administration of Claims Forms and Disability Rates for ‘Workers’ CompXPress Suite’

HARTFORD, Conn.–(BUSINESS WIRE)–Insurity, Inc., a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs, has entered into a partnership with WorkersCompensation.com, the largest regulatory and compliance information center for the workers’ compensation industry, to streamline administration of jurisdictional forms and disability rates for Insurity’s Workers’ CompXPress […]

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