Business Wire


KKR Closes Third Tech Growth Fund at Nearly $3 Billion

Latest Fund Represents KKR’s Largest Commitment to the Technology Growth Equity Sector NEW YORK–(BUSINESS WIRE)–KKR, a leading global investment firm, today announced the final close of KKR Next Generation Technology Growth Fund III (“NGT III” or the “Fund”), an approximately $3 billion fund focused on investing in leading growth technology companies across North America, Europe […]

Best’s Review® Releases Digital Supplement on Flood Insurance

OLDWICK, N.J.–(BUSINESS WIRE)–Best’s Review magazine has released a new online supplement focused on flood insurance. The supplement features stories on: The reformations to the National Flood Insurance Program and their effect on balancing books; A call from trade groups to Congress for support of the NFIP and private flood carriers; How reinsurance costs and Hurricane […]

Modives Announces Partnership with Bindable

InsurTech Brings Embedded Insurance to Property Business Solution CHARLOTTE, N.C.–(BUSINESS WIRE)–#cardealer–Ahead of launching its pilot program with property management companies in November, Modives announced today a partnership with industry titan Bindable to include myriad features for property management and owner-landlords through the Modives business solution. “Through our partnership with Bindable, we’re setting a new bar […]

Fintech and Sculpture Partner to Deliver Alcohol Inventory and Invoice Management Efficiencies to the Hospitality Industry

TAMPA, Fla.–(BUSINESS WIRE)–Financial-Information-Technologies, LLC (“Fintech”), the leading B2B solutions provider for the beverage alcohol industry, has partnered with Sculpture Hospitality, the leader in food and beverage inventory management, to support bars and restaurants across the hospitality sector by driving operational efficiencies that protect alcohol margins, lower labor costs, grow revenue, and increase profitability. This partnership […]

Q2 Announces Q2 Fabric to Enable Financial Institutions to Launch Digital Brands

 New integrated stack combines the power of Q2’s retail banking experience, a lightweight modern core, and a pre-integrated fintech ecosystem to deliver personalized digital products AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, today announced the launch of Q2 Fabric, a full stack solution that […]

HBX Group Marks Start of New Era for Hotelbeds

Introduction of group brand is next evolution of TravelTech transformation New Fintech products enhance HBX Group’s ecosystem player status PALMA, Spain–(BUSINESS WIRE)–Hotelbeds has launched its new group brand, HBX Group to lead the B2B TravelTech company into the next phase of its evolution. Two years on from its shift to being a leader in the […]

Seabury Aviation Partners to Deliver Best-in-Class Aviation and Aerospace Advisory Services

New Practice Formed Through Combination of Industry Leaders Seabury Capital Group and Plane View Partners NEW YORK–(BUSINESS WIRE)–#HenriCourpron–Seabury Capital Group LLC (“Seabury”) and Plane View Partners (“PVP”) are pleased to announce the strategic combination of Seabury’s global industry-leading airline advisory, restructuring and investment banking practice with PVP’s highly regarded aviation and aerospace consulting practice. The […]

BankTech Ventures Invests $13.5M in New Fintechs

BankTech supports community banking growth and transformation through its backing of six new fintech investments in the second half of 2023 SANDY, Utah–(BUSINESS WIRE)–BankTech Ventures, a strategic investment fund focused on enhancing community banks, announced today its continued commitment to community banks’ more vibrant futures with a total investment of $13.5 million in six fintech […]

Affinity Federal Credit Union Partners With Green Check To Expand Cannabis Banking Offerings

The partnership will help Affinity grow its offerings to cannabis-related businesses and promote banking accessibility across its communities BASKING RIDGE, N.J.–(BUSINESS WIRE)–Affinity Federal Credit Union (“Affinity”) announces its partnership with Green Check, the leading fintech connector and technology and insights provider in the emerging cannabis banking market. This partnership allows Affinity to broaden its services […]

Marstone Announces Partnership With Woodforest National Bank® to Deliver Digital Wealth Management to Its Customers

NEW YORK–(BUSINESS WIRE)–#banking—Marstone, Inc., a leading digital investment and planning firm, today announced it has partnered with Woodforest National Bank® (Woodforest), headquartered in The Woodlands, Texas with over 760 branches nationwide, to bring its digital wealth offering to Woodforest’s customers. “Marstone has considerable momentum with our Wealth Management-as-a-Service engagement model and that continues through into […]

Uplinq Teams Up with Ernst & Young LLP to Expand Fair and Ethical Credit Lending for SMBs

Integrated solution improves data-driven decision making throughout the lending lifecycle TORONTO–(BUSINESS WIRE)–Uplinq Financial Technologies, the first global credit decisioning support platform for small business lenders, today announced its collaboration with Ernst & Young LLP (Canada), a global leader in assurance, consulting, strategy and transactions, and tax services. This will deliver a revolutionary solution that provides […]

Usio To Celebrate 25 Year Anniversary with Presentation at Nasdaq Marketsite

Management Team to Present on Nov 21, 2023 at 1:00 PM ET SAN ANTONIO–(BUSINESS WIRE)–Usio, Inc. (Nasdaq: USIO) a FinTech and integrated electronic payment solutions provider, announced that it will be making a Management Presentation at the Nasdaq Marketsite in Celebration of the Company’s 25th Anniversary. Usio’s senior management team will be on hand for […]

Tusk’s DC Practice Accelerates Growth; Announces New Hires including Tanner Palin, former Communications Director for Congresswoman Lucy McBath, and Maria Restrepo, former Senior Associate Director to Vice President Kamala Harris

Palin and Restrepo Will Further Expand Tusk’s Federal Engagement Capabilities WASHINGTON–(BUSINESS WIRE)–Building off a decade-plus of helping the most cutting-edge and ambitious companies and organizations succeed by solving major regulatory and public affairs challenges, Tusk Strategies today announced the latest additions to their DC office: Vice President Tanner Palin and Senior Associate Maria Restrepo. Tanner […]

TXOne Networks Appoints YC Wu as New Chief Financial Officer

IRVING, Texas & TAIPEI, Taiwan–(BUSINESS WIRE)–#CyberDefense—TXOne Networks, a leader in cyber-physical systems (CPS) security, today announced YC Wu has been appointed chief financial officer (CFO). YC Wu joins TXOne Networks with almost three decades of experience in the global financial markets as a banker at Goldman Sachs, UBS, JPMorgan Chase and Citigroup. He also held […]

Fiserv Opens the Door to Embedded Finance, Bringing Firm-Wide Capabilities to Clients and Partners

Payment Facilitators, Financial Institutions, and Software Platforms can expand the services they provide by making acquiring, card issuing, and digital banking capabilities available via their platforms Pay Theory, a SaaS platform, will seamlessly embed financial services from Fiserv, offering embedded payments and banking solutions to software platforms and merchants across industries BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. […]

BitNile Metaverse Announces the Anticipated Launch of Over-Under Dice on BitNile.com, Expanding its Social Gaming Offerings

LAS VEGAS–(BUSINESS WIRE)–$AP #AULT—BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”), announced today that it is adding Over-Under Dice to its online metaverse platform, BitNile.com (the “Platform”) operated by its wholly owned subsidiary BitNile.com, Inc (“BNC”). Over-Under Dice is expected to launch on the Platform on October 31, 2023. This new offering complements […]

Array and Jack Henry to Distribute Credit Management, Subscription Management, Online Privacy and Identity Protection Tools to Banno Customers and Users

The agreement creates new non-interest income opportunities for financial institutions; Array tools are proven to increase customer engagement and improve financial health INDIANAPOLIS–(BUSINESS WIRE)–Array and Jack Henry™ (Nasdaq: JKHY) announced plans to provide Array’s credit management, online privacy and other popular personal finance tools for free to users who are on the Banno Digital Platform™ […]

Auquan Raises $3.5M to Accelerate Generative AI for Financial Services, Turning Unstructured Data Into Intelligence

Auquan Launches the Only SaaS-Based Intelligence Engine Powered by RAG AI LONDON & NEW YORK–(BUSINESS WIRE)–#AI—Auquan, an AI innovator for financial services, today announced the closing of its $3.5 million seed round, led by early-stage investor Neotribe Ventures. The company also formally announced its Auquan Intelligence Engine™, powered by retrieval augmented generation (RAG) AI. Available […]

Entersekt Launches the First Mobile Application Authentication Solution Through the Q2 Innovation Studio

Entersekt is one of the first partners leveraging the Mobile SDK in the Q2 Mobility App, fully integrating the most secure in-app multi-factor authentication features within the Q2 Digital Banking Platform ATLANTA, Ga.–(BUSINESS WIRE)–Entersekt announced today that fully integrated mobile application authentication with biometrics is now available for financial institutions using the Q2 Digital Banking […]

Metropolitan Commercial Bank Partners with Finzly for Advanced Payment Processing

The partnership will offer customers a seamless banking experience NEW YORK–(BUSINESS WIRE)–Metropolitan Commercial Bank (the “Bank”) is pleased to announce a partnership with leading cloud-based payments platform, Finzly. By leveraging Finzly’s modern payment hub, Metropolitan Commercial Bank aims to transform its payment processing operations on ACH, Fedwire, and FedNow. The Bank recognizes the importance of […]

Majesco Gears Up for an Action-Packed Week at InsureTech Connect

MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud insurance solutions for insurance business transformation, today announced it is gearing up for the much-anticipated 2023 InsureTech Connect event with an exciting panel session and booth exhibit. This annual event is set to take place at the Mandalay Bay in Las Vegas, running from October 31st through […]

Investor.com Data Offers Stark Warning on Financial Advisors’ Conflicts, Bad Behavior

Trusted personal finance website investor.com publishes infographic that shows Americans must be wary and ask questions before hiring a financial advisor firm – or their money could be at risk ROYAL OAK, Mich.–(BUSINESS WIRE)–#credit–Today personal finance website investor.com published an infographic based on its proprietary data showing that conflicts of interest and disciplinary actions are […]

WageLink: New Payroll App for the Digital Workforce

Payroll Growth Partners’ App Modernizes Payroll Systems, Unlocks New Choices for Employees NEW YORK–(BUSINESS WIRE)–Payroll Growth Partners (PGP) announces the launch of WageLink, a leading-edge payroll app designed to deliver an array of modern payroll services to employees served by payroll companies in PGP’s portfolio. WageLink offers features like paycards, mobile payments, budgeting tools, and […]

Synovus Bank Extends Sagent Software Deal 5 Years to Power Mortgage Servicing & Analytics

Deal will accelerate operational efficiency and power industry-best consumer experience for customer-first banking leader KING OF PRUSSIA, Pa.–(BUSINESS WIRE)–#fintech—Sagent, a Warburg Pincus-backed fintech software company modernizing mortgage servicing for banks and lenders, today announced a five-year partnership extension with Synovus Bank (NYSE: SNV), (“Synovus”) to power its core and consumer mortgage loan servicing, and add […]

Practice Intel Launches Innovative Platform to Drive Organic Growth by Improving the Advice Experience

New wealthtech and growth enablement company, led by industry veterans, aims to align the advice experience with client preferences, boosting growth and valuations BOCA RATON, Fla.–(BUSINESS WIRE)–#AdviceExperience—Practice Intel, a growth platform to help advisors align their practices with what clients value most, is pleased to announce the official launch of its groundbreaking solution to help […]

Catalyst Corporate Federal Credit Union Offers Cutting-Edge Remote Deposit Capture Capabilities Through Constellation’s Digital Banking Platform

RALEIGH, N.C.–(BUSINESS WIRE)–#creditunion–Leading cloud-native digital banking services provider Constellation Digital Partners (Constellation) announced that Catalyst Corporate Federal Credit Union (Catalyst Corporate – $54 billion in managed assets) has partnered with the fintech to deliver its remote deposit capture solution, TranzCapture, to credit unions on the Constellation Digital Banking platform. Designed and built specifically for credit […]

CIBC Innovation Banking Provides Growth Capital Financing to DealMaker

AUSTIN, Texas & TORONTO–(BUSINESS WIRE)–CIBC Innovation Banking is pleased to announce an upsized growth capital financing for DealMaker, a leading capital-raising technology platform. This funding will further fuel the company’s accelerated expansion across North America. DealMaker was founded in 2018 by veteran Bay Street lawyers, Rebecca Kacaba and Matt Goldstein to modernize the shareholder issuance […]

Quext Acquires Homebase to Redefine Smart Apartment Communities

Multifamily smart home innovator and smart building pioneer join to bring unparalleled technology to multifamily operators and residents LUBBOCK, Texas–(BUSINESS WIRE)–Quext, a leading technology company for the multifamily industry, today announced its acquisition of Homebase, a smart building technology platform that drives connectivity and communication for multi-resident communities. The acquisition brings together two of the […]

Option Alpha Pro+ Promotion Gives TradeStation Securities Customers Greater Capabilities to Options Traders

Option Alpha Pro+ provides automated trading as well as simple, powerful tools supported by research and education for options traders PLANTATION, Fla.–(BUSINESS WIRE)–TradeStation Securities, Inc. (“TradeStation Securities”), an award-winning,* self-clearing online brokerage for trading stocks, ETFs, options and futures, announces a promotional offer in connection with Option Alpha’s integration with TradeStation Securities’ brokerage services.** Option […]

XTM’s AnyDay™ One of the First EWA Providers to Found UK’s Code of Practice for Millions of UK Workers

Workers from XTM’s five contracted and 15 engaged UK business clients will join the more than four million workers in the UK who benefit from Earned Wage Access (EWA), allowing them to access their earnings on their terms MIAMI & TORONTO–(BUSINESS WIRE)–$PAID #Fintech–XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a […]

BitNile Metaverse Regains Compliance with the Nasdaq Voting Rights Rule

LAS VEGAS–(BUSINESS WIRE)–$AP #29th_Annual—BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”), announced today that it has regained compliance with the Nasdaq Voting Rights Rule. On June 21, 2023, the Nasdaq Stock Market (“Nasdaq”) notified the Company that the issuance of the Series B and Series C Preferred Stock violated Nasdaq’s voting rights rule […]

Cotribute Implements Clients as a Member of the Jack Henry™ Vendor Integration Program

– VIP enables Cotribute to integrate with Symitar® – INDIANAPOLIS–(BUSINESS WIRE)–Cotribute, an award-winning embeddable fintech platform helping credit unions grow deposits, loans and memberships today announced at the 2023 Jack Henry Connect in Indianapolis that it has successfully implemented clients as a member of the Jack Henry™ Vendor Integration Program (VIP). Participation in the program […]

MDT Launches Project Management Consulting Services for Credit Unions

Fintech supports credit unions with staff augmentation and project management expertise FARMINGTON HILLS, Mich.–(BUSINESS WIRE)–Member Driven Technologies (MDT), a CUSO that hosts the Symitar core processing system from Jack Henry™ to provide a private cloud alternative for core processing and IT needs, has launched Project Management Consulting Services, helping credit unions plan, implement and optimize […]

NCR Voyix Corporation Debuts Following the Spin-off of ATM-focused Business

Company’s share debut on the New York Stock Exchange (NYSE) under the ticker symbol “VYX” ATLANTA–(BUSINESS WIRE)–NCR Voyix Corporation (NYSE: VYX), a leading global provider of digital commerce solutions for the retail, restaurant and banking industries, today announced its debut following the spin-off of its ATM-focused businesses. NCR Voyix offers comprehensive platform-driven technology and solutions […]

Galileo Introduces Corporate Credit Solution that Streamlines B2B Expense Management for Fintechs and Non-Financial Brands

Galileo Corporate Credit solution consolidates credit limits to deliver better spend visibility, and remove accounting complexities SALT LAKE CITY–(BUSINESS WIRE)–#futureofmoney—Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today launched the Galileo Corporate Credit solution to help businesses modernize expense management. Traditionally, managing thousands of […]

CoreChain Partners with R3 to Power Embedded B2B Payments for Banks and Digital Banking Providers

CoreChain DLT Built with Corda to Fill the Digital Payment Gap in Core Banking Systems NEW HAVEN, Conn.–(BUSINESS WIRE)–CoreChain Technologies, the first embedded B2B payments network built with Distributed Ledger Technology (DLT), today announced a multi-year partnership with R3, a leading provider of enterprise technology and services in the digitization of financial services. CoreChain’s network […]

GlobalData Report Highlights Staggering Economic Costs for Texas of $39.8 Billion Due to Obesity

NEW YORK–(BUSINESS WIRE)–Obesity and overweight are estimated to have caused a staggering $39.8 billion reduction in Texas’ economy in 2022, equivalent to 1.7% of the state’s gross domestic product, according to a report released by GlobalData Plc, a leading data and analytics company. GlobalData’s report, ‘Obesity’s Impact on Texas’ Economy and Labor Force,’ analyzes the […]

Tecnotree Announces Signing of a Multi-Million Deal with an Emerging CSP from Africa to Deliver Digital BSS, Fintech & VAS Services

ESPOO, Finland–(BUSINESS WIRE)–Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, announced the signing of a new multimillion-dollar, five-year contract with an emerging telco services provider from the African Region, to provide a full digital BSS stack along with Fintech and Value-Added Services (VAS) services. The agreement aims to facilitate […]

PIMCO Selects HUB for Real-Time Operations Platform

New platform is transforming data and investment operations technology LONDON–(BUSINESS WIRE)–HUB today announces that Pacific Investment Management Company (PIMCO) is now live on the HUB platform. HUB’s platform builds seamless connectivity between data and trading to optimise the investment industry’s operations technology, enabling AI and automation. HUB will continue to enhance the platform to ensure […]

Thales and SoyYo Strengthen Collaboration to Bring Passkeys to Millions of Colombians

FIDO2 passkeys offer an easier and more secure way for consumers to sign into digital services Thales solution enables easy implementation of passkeys for any digital service provider, even in regulated industries SoyYo’s customer centric identity enables verified identity passkeys that become interoperable through different relying parties, making them ideal for open finance use cases […]

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