Business Wire

Wealth Management Industry Embraces an AI-Powered Future of Abundance and Growth at Fearless Investing Summit in Miami thumbnail

Wealth Management Industry Embraces an AI-Powered Future of Abundance and Growth at Fearless Investing Summit in Miami

Nitrogen rolls out major platform updates and partnerships at annual wealthtech event, aimed at helping advisors harness big waves of change sweeping the profession MIAMI–(BUSINESS WIRE)–#FISummit—Nitrogen (formerly Riskalyze), the company that is revolutionizing how financial advisors and wealth management firms grow, today announced major enhancements to its growth platform and painted a cohesive vision of […]

Best Innovation Group and Bonifii Announce Joint Development of FIVEGPT thumbnail

Best Innovation Group and Bonifii Announce Joint Development of FIVEGPT

GPT technology connecting voice interfaces, online platforms and call centers TAMPA, Fla.–(BUSINESS WIRE)–Best Innovation Group (BIG), a pioneer in digital banking solutions, and Bonifii, a leading digital identity company, today announced the joint development of FIVEGPT, a comprehensive digital banking solution that seamlessly bridges voice commands, call centers, and other multi-modal service channels. The solution […]

Boost Insurance and Canopius Announce Strategic Partnership to Power Innovative Programs with Long-Term Reinsurance Capacity thumbnail

Boost Insurance and Canopius Announce Strategic Partnership to Power Innovative Programs with Long-Term Reinsurance Capacity

Canopius has also made a direct equity investment in Boost, joining a growing group of high-profile strategic investors from the (re)insurance sector that have backed the company as the industry’s leading infrastructure platform. NEW YORK–(BUSINESS WIRE)–Boost Insurance (“Boost”), the leading insurance infrastructure platform, today announced that it has entered into a strategic partnership with the […]

Affinity Federal Credit Union Selects Green Check to Scale its Cannabis Banking Program thumbnail

Affinity Federal Credit Union Selects Green Check to Scale its Cannabis Banking Program

New Jersey’s largest credit union sets out to expand its cannabis offerings in the tri-state BONITA SPRINGS, Fla.–(BUSINESS WIRE)–Green Check (GC), the leading fintech connector and technology and insights provider in the emerging cannabis market, is partnering with Affinity Federal Credit Union (“Affinity”) – a member-owned, community-focused, full-service financial institution headquartered in Basking Ridge, New […]

Breakthrough Transportation Logistics Startup Loop Announces $35 Million Series B thumbnail

Breakthrough Transportation Logistics Startup Loop Announces $35 Million Series B

Built by former Uber and Flexport engineers, Loop unlocks capital trapped in the supply chain CHICAGO–(BUSINESS WIRE)–Loop, a modern audit & payment platform for the next-gen supply chain, announced it has raised a $35 million Series B, co-led by J.P. Morgan Growth Equity Partners and Index Ventures. Loop is used by global shippers including Great […]

Intuit Mailchimp Announces Wix Partnership and New E-Commerce Features Ahead of the Holiday Shopping Season thumbnail

Intuit Mailchimp Announces Wix Partnership and New E-Commerce Features Ahead of the Holiday Shopping Season

The integrations and features will debut during Mailchimp’s annual Marketing Success Season ATLANTA–(BUSINESS WIRE)–Today, Intuit Mailchimp (Nasdaq: INTU), the #1 email marketing and automation brand1, announces a new strategic partnership with Wix.com Ltd. (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence, as well as an integration with Buy […]

Apex to Launch Fractional Fixed Income, Opening Up Low-Cost Access for Retail Investors to Bonds in Industry First thumbnail

Apex to Launch Fractional Fixed Income, Opening Up Low-Cost Access for Retail Investors to Bonds in Industry First

– Breaks down industry barriers by creating fractional fixed-income investing opportunities for all investors DALLAS–(BUSINESS WIRE)–For the first time ever, everyday retail investors will be able to directly invest in fixed-income via fractional corporate bonds and treasuries with the pending launch of Apex Fintech Solutions’ new fixed-income investing platform. With bond yields continuing to rise, […]

Tarsadia Leads the Charge as Thought Leader in Revolutionizing Payments thumbnail

Tarsadia Leads the Charge as Thought Leader in Revolutionizing Payments

Tarsadia releases new whitepaper diving into the growth and transformation of payment operations NEW YORK–(BUSINESS WIRE)–Tarsadia Investments, a multibillion-dollar firm that makes high-conviction investments in category-defining companies globally, announced today the release of its whitepaper titled, “Payment Operations Software: The Multi-Hundred Billion Dollar Market to Optimize Payments.” In the whitepaper, Tarsadia dives into the transformation […]

Viamericas and Kori Global Services Expanded Access of International Remittances in Africa thumbnail

Viamericas and Kori Global Services Expanded Access of International Remittances in Africa

MIAMI–(BUSINESS WIRE)–#fintech–Viamericas Corporation, a licensed, international remittance company, recently expanded its relationship with Kori Global Services to provide international money transfer services to reach all the African countries that Kori serves. Headquartered in Abidjan, Ivory Coast, Kori extends Viamericas’ African coverage to Burkina Faso, Cameroon, Senegal, Ivory Coast, Benin, Togo, Mali, Congo (Brazzaville), Gabon, Chad, […]

UK Fintech Gemba Chooses ThetaRay for its AML Program to Support Global Growth thumbnail

UK Fintech Gemba Chooses ThetaRay for its AML Program to Support Global Growth

ThetaRay’s AI-powered AML transaction monitoring and customer screening solution will replace Gemba’s previous rules-based system to turbocharge growth while significantly reducing false positives, increasing detection-worthy cases and reducing investigation time LONDON & NEW YORK & TEL AVIV, Israel–(BUSINESS WIRE)–Gemba Finance, a leading provider of innovative banking and financial management solutions, and ThetaRay, the leader in […]

Spendesk Adopts Platformatic to Enhance Backend Development Efficiency thumbnail

Spendesk Adopts Platformatic to Enhance Backend Development Efficiency

SAN FRANCISCO–(BUSINESS WIRE)–Platformatic, the modern backend development platform, is pleased to announce that Spendesk, a fintech unicorn pioneering spend management solutions, has adopted its platform to enhance backend development efficiency. This collaboration underscores Spendesk’s commitment to delivering innovative financial services to its customers. Streamlining Backend Development In today’s dynamic business environment, the continuous optimization of […]

Juniper Research: Future Digital Award Winners Announced for Fintech & Payments 2023 thumbnail

Juniper Research: Future Digital Award Winners Announced for Fintech & Payments 2023

BASINGSTOKE, England–(BUSINESS WIRE)–It is with great pleasure that Juniper Research announces the 2023 winners of the Future Digital Awards for Fintech & Payments. These awards follow a record-breaking number of applications from leading fintechs and payments companies, which have been extensively analysed by our expert judging panel. This awards programme recognises the most impactful financial […]

iShares® iBonds® Dec 2023 Term Muni Bond ETF Nears Final Distribution Date thumbnail

iShares® iBonds® Dec 2023 Term Muni Bond ETF Nears Final Distribution Date

NEW YORK–(BUSINESS WIRE)–BlackRock announced today the planned termination of the iShares iBonds Dec 2023 Term Muni Bond ETF (IBML), which possesses the following timelines for trading, net-asset value (NAV) calculation and expected liquidation: Ticker Fund name Exchange Last day of trading Final NAV calculation date Liquidation date IBML iShares iBonds Dec 2023 Term Muni Bond […]

Finalists Announced for the 2023 BAI Global Innovation Awards thumbnail

Finalists Announced for the 2023 BAI Global Innovation Awards

CHICAGO–(BUSINESS WIRE)–BAI announced the finalists for the 13th Annual BAI Global Innovation Awards, the financial services industry’s leading innovation honor, celebrating organizational achievements. These 22 inspiring companies have successfully designed and delivered unique innovations that positively improved customer and business relationships, drove organizational changes and served their communities. This year’s finalists developed innovations covering digital […]

Juniper Research: Digital Identity Verification Checks to Pass the 70 Billion Mark in 2024, as Businesses Prioritise Fraud Prevention thumbnail

Juniper Research: Digital Identity Verification Checks to Pass the 70 Billion Mark in 2024, as Businesses Prioritise Fraud Prevention

BASINGSTOKE, England–(BUSINESS WIRE)–#digitalidentityverificationmarket–A new study from Juniper Research, the foremost experts in fintech and payments markets, has found the number of digital identity verification checks will surpass 70 billion in 2024; growing 16% on the previous year’s number of 61 billion. This growth is being driven by businesses adopting stronger biometric verification methods to combat […]

ICE Completes First Delivery of London Cocoa Using Fully Electronic Warehouse Warrants thumbnail

ICE Completes First Delivery of London Cocoa Using Fully Electronic Warehouse Warrants

LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and home to the largest soft commodity futures and options markets in the world, today announced the successful delivery of London Cocoa using fully electronic warehouse warrants, replacing for the first time the paper-based systems historically used by customers in […]

Exchange Bank Taps Pidgin to Provide Real-Time Payment Options for Customers thumbnail

Exchange Bank Taps Pidgin to Provide Real-Time Payment Options for Customers

Alabama-based bank partners with Pidgin to offer faster payments for retail and commercial account holders ATLANTA–(BUSINESS WIRE)–Pidgin, a secure real-time payments platform built for the future of payments, has partnered with Exchange Bank to offer instant payments to its account holders. Established in 1909, Exchange Bank serves customers with a full suite of financial products […]

Ault Alliance Signs Listing Agreement to Sell St. Petersburg High-rise Multifamily Project for $20 Million Asking Price thumbnail

Ault Alliance Signs Listing Agreement to Sell St. Petersburg High-rise Multifamily Project for $20 Million Asking Price

LAS VEGAS–(BUSINESS WIRE)–$AGREE #20_Million_Dollar_Asking_Price—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”) announced today its wholly owned subsidiary, Third Avenue Apartments LLC (“Third Avenue”), itself a wholly owned subsidiary of Ault Global Real Estate Equities, Inc. (“AGREE”), has listed for sale its multifamily development site in St. Petersburg, Florida. […]

TDCX Grows in Europe With Two New Healthtech Clients thumbnail

TDCX Grows in Europe With Two New Healthtech Clients

Healthtech a new vertical for its European business SINGAPORE–(BUSINESS WIRE)–TDCX, (NYSE: TDCX), an award-winning digital customer experience (CX) solutions provider for technology and blue-chip companies, has continued its growth trajectory with the addition of two new clients in Europe. The new clients are both from the healthcare technology (healthtech) sector, a vertical that TDCX is […]

The Government Pension Investment Fund of Japan Uses ICE for Impact Bond and Avoided Emissions Assessment of its Portfolio thumbnail

The Government Pension Investment Fund of Japan Uses ICE for Impact Bond and Avoided Emissions Assessment of its Portfolio

ATLANTA & LONDON & TOKYO–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced it was selected by The Government Pension Investment Fund of Japan (GPIF), the world’s largest pension fund, to conduct an impact assessment of the fund’s investment in impact bonds, which was used by GPIF […]

Pogust Goodhead and Gramercy Funds Management LLC Announce $552.5 Million Investment Partnership thumbnail

Pogust Goodhead and Gramercy Funds Management LLC Announce $552.5 Million Investment Partnership

LONDON & GREENWICH, Conn.–(BUSINESS WIRE)–Pogust Goodhead, a global law firm, and Gramercy Funds Management LLC (“Gramercy”), today announced that they have entered into a $552.5 million investment partnership in the form of a secured loan by Gramercy to Pogust Goodhead. This loan is the largest of its kind in a U.K. based law firm. The […]

CapIntel places No. 13 on The Globe and Mail's fifth-annual ranking of Canada's Top Growing Companies thumbnail

CapIntel places No. 13 on The Globe and Mail’s fifth-annual ranking of Canada’s Top Growing Companies

TORONTO–(BUSINESS WIRE)–CapIntel, a leading financial technology company that helps asset managers, wholesalers and financial advisors improve day-to-day workflow and efficiency, is pleased to announce it placed No. 13 on the 2023 Report on Business ranking of Canada’s Top Growing Companies. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. CapIntel earned its spot […]

Derivative Path Wins Fourth Consecutive Global Derivatives Award thumbnail

Derivative Path Wins Fourth Consecutive Global Derivatives Award

Leading cloud-based derivatives hedging provider was recognized as best risk management advisory firm in the Americas for the fourth year running at GlobalCapital’s Global Derivatives Awards NEW YORK–(BUSINESS WIRE)–Derivative Path, a leading provider of capital markets technology and derivatives services to financial institutions and commercial end-users, eclipsed an elite field of nominees, winning GlobalCapital’s Award […]

Alpaca Launches Private Equity Real Estate Platform

Alpaca Launches Private Equity Real Estate Platform

Daniel Carr (formerly Ares Management) and Peter Weiss (formerly Prospect Ridge) co-found and lead new platform with anchor capital from GCM Grosvenor NEW YORK–(BUSINESS WIRE)–Alternative investments management firm Alpaca (or the “Firm”) announced today the launch of Alpaca Real Estate (or “ARE”). Daniel Carr and Peter Weiss are co-founders leading the new platform and its […]

Enterprise Viewpoint Ranks Gradient AI as Top 20 Innovative InsurTech Solution Provider thumbnail

Enterprise Viewpoint Ranks Gradient AI as Top 20 Innovative InsurTech Solution Provider

Recognized for its Innovative AI Solutions for Insurance Underwriting and Claims Management BOSTON–(BUSINESS WIRE)–#AIinInsurance—Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced it has been recognized by Enterprise Viewpoint, a leading business and technology magazine, as one of the Top 20 Innovative InsurTech Solution Providers in […]

BlackRock Expands Active ETF Suite With Equity Premium Income Strategy thumbnail

BlackRock Expands Active ETF Suite With Equity Premium Income Strategy

Providing investors a differentiated income strategy which couples high income potential with long term growth NEW YORK–(BUSINESS WIRE)–BlackRock today announced the launch of the BlackRock Advantage Large Cap Income ETF (Cboe: BALI), which seeks to generate a high level of monthly income with upside market participation1 to optimize income and growth within a risk managed […]

Transform Insurance Operations with Guidewire and One Inc’s New ClaimsPay app for InsuranceNow thumbnail

Transform Insurance Operations with Guidewire and One Inc’s New ClaimsPay app for InsuranceNow

SAN MATEO, Calif. & FOLSOM, Calif.–(BUSINESS WIRE)–#Guidewire–Guidewire (NYSE: GWRE) and One Inc, Guidewire’s strategic payments partner, announced that One Inc’s new ClaimsPay integration is now available to InsuranceNow customers in the Guidewire Marketplace. Purpose-built for the insurance industry, One Inc’s digital payment solutions enhance the customer experience and provide a unified and frictionless payment experience […]

Mitek named leader in Liminal’s analysis of companies offering account opening protection thumbnail

Mitek named leader in Liminal’s analysis of companies offering account opening protection

SAN DIEGO–(BUSINESS WIRE)–Liminal, a leading advisory and market intelligence firm specializing in the digital identity, cybersecurity and fintech markets, has named Mitek Systems, Inc. (NASDAQ: MITK), a leader in its highly anticipated Link™ Index Report for Account Opening in Financial Services. The report evaluated more than 120 providers offering account opening compliance and fraud prevention […]

Mercury Fund Raises $160 Million to Invest in Early-Stage Startups Across America

Mercury Fund Raises $160 Million to Invest in Early-Stage Startups Across America

Oversubscribed Mercury Fund V Targets SaaS and Data Platform Startups Based ‘Between the Coasts’ HOUSTON–(BUSINESS WIRE)–Mercury Fund (“Mercury”), a premier early-stage venture firm focused on investments outside of traditional coastal tech hubs, today announced the successful closing of Mercury Fund V (“Fund V” or the “Fund”), with $160 million in capital commitments. The Fund is […]

Intuit QuickBooks Introduces Two New Payroll Plans to Streamline Payroll and Time Tracking for Canadian Businesses thumbnail

Intuit QuickBooks Introduces Two New Payroll Plans to Streamline Payroll and Time Tracking for Canadian Businesses

The new QuickBooks Payroll plans in Canada are part of a robust three-plan Payroll offering providing more comprehensive Payroll solutions for small and medium-sized business owners, from faster direct deposit to time-tracking – all in one place. TORONTO–(BUSINESS WIRE)–Intuit (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, […]

Zip Recognized by LinkedIn as a Top Startup in the United States thumbnail

Zip Recognized by LinkedIn as a Top Startup in the United States

Fintech Company Zip Recognized Among Top Growing Companies to Work For SAN FRANCISCO–(BUSINESS WIRE)–Zip, the world’s only Intake-to-Pay platform, announced today that it is ranked on the 2023 LinkedIn Top Startups List in the United States. The 7th annual list is part of a ranking of the leading startups to work for created by the […]

Cross River and Operation Hope Provide Life-Changing Improvement for Consumers’ Financial Health

Cross River and Operation Hope Provide Life-Changing Improvement for Consumers’ Financial Health

Financial literacy program aided in reducing client debt during challenging environment where Federal Reserve saw consumer credit rates increase Longstanding partnership works to close financial inequality gap through financial education and economic inclusion FORT LEE, N.J.–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is pleased to share mid-year […]

Evvy, Precision Women’s Health Startup focused on the Vaginal Microbiome, Announces $14M Series A thumbnail

Evvy, Precision Women’s Health Startup focused on the Vaginal Microbiome, Announces $14M Series A

The round, led by Left Lane Capital and including General Catalyst and Labcorp Venture Fund, will fuel Evvy’s R&D platform and precision vaginal healthcare offering — which now includes STI testing & treatment NEW YORK–(BUSINESS WIRE)–Evvy, a female-founded startup unlocking precision women’s healthcare through biomarker discovery, announced today the closing of a $14 million Series […]

SoftServe Debuts Sage, the AI Pathfinder, at Money20/20 thumbnail

SoftServe Debuts Sage, the AI Pathfinder, at Money20/20

The NVIDIA-powered Generative AI digital avatar demonstrates how financial institutions can adopt new technology to offer customers value-added services AUSTIN, Texas–(BUSINESS WIRE)–#AI—SoftServe, a premier IT consulting and digital services provider, will debut Sage, the AI Pathfinder, a financial intelligence consultant powered by Generative AI using NVIDIA Avatar Cloud Engine (ACE), at Money20/20 USA. Attendees can […]

Inspire Brands Streamlines Omnichannel Commerce Across North American Restaurants via Expanded Fiserv Relationship thumbnail

Inspire Brands Streamlines Omnichannel Commerce Across North American Restaurants via Expanded Fiserv Relationship

Relationship will drive unified customer experiences and operational efficiency across U.S. company-owned and franchised locations BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced an expansion of its relationship with Inspire Brands, a multi-brand restaurant company whose portfolio includes more than 32,000 restaurants worldwide. The […]

Onfido and umob Partnership Enables Speedy User Onboarding With Automated Identity Verification thumbnail

Onfido and umob Partnership Enables Speedy User Onboarding With Automated Identity Verification

umob, a Mobility as a Service platform, sees faster rider onboarding and 90% reduction in manual work AMSTERDAM–(BUSINESS WIRE)–#AML—Onfido, the global leader in automated identity verification, today announced the results of its partnership with umob, a revolutionary Mobility as a Service (MaaS) platform that is transforming the shared mobility and public transportation experience. Since integrating […]

UK Fintech TangoPay Selects ThetaRay AI Solution to Monitor Global Remittances thumbnail

UK Fintech TangoPay Selects ThetaRay AI Solution to Monitor Global Remittances

SONAR, ThetaRay’s AI-powered AML solution, will enable TangoPay to embed trust in cross-border payments and grow its business while reducing risk Remittance is a critical method of bringing money into low-income countries with total global volume expected to surpass $840b USD in 2024 LONDON & NEW YORK & TEL AVIV, Israel–(BUSINESS WIRE)–TangoPay an Authorized Payment […]

BlackRock Study: Global Insurers Adapting to the New Market Regime thumbnail

BlackRock Study: Global Insurers Adapting to the New Market Regime

Two-thirds of insurers (60%) are readjusting strategic asset allocation (SAA) with a focus on flexibility and new investment opportunities 89% of insurers increasing allocations to private markets, especially direct lending (60%) 62% of respondents see opportunity in clean energy infrastructure Nearly half (47%) of insurers prioritizing technology investments to manage investment and operational risk LONDON–(BUSINESS […]

Digital Commerce Payments and Aya Care Pioneer Innovative Healthcare Access Solutions in Alberta thumbnail

Digital Commerce Payments and Aya Care Pioneer Innovative Healthcare Access Solutions in Alberta

CALGARY, Alberta–(BUSINESS WIRE)–Digital Commerce Payments (“DCPayments”), a prominent financial technology payments provider and part of the Digital Commerce Group, has embarked on a transformative journey with Aya Care, an industry leader in Health Spending Account solutions, to introduce pioneering healthcare access initiatives in Alberta. This partnership aims to revolutionize healthcare spend management while highlighting Aya […]

XTM’s Today Gratuity Payout Solution Launches in U.S. on QRails AnyDay™ thumbnail

XTM’s Today Gratuity Payout Solution Launches in U.S. on QRails AnyDay™

Integration Results in Instant Payment of Gratuities as well as Earned Wage Access and Additional Earnings MIAMI & TORONTO–(BUSINESS WIRE)–$PAID #Fintech–XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations is pleased to announce that it has officially integrated and merged XTM’s Today […]

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