Business Wire


Langdon Park Capital Acquires Suburban Los Angeles Apartment Community for $48.6 Million

Company’s Momentum in 2022 Speaks to Continuing Demand for High-Quality Workforce Housing Across the U.S. LOS ANGELES–(BUSINESS WIRE)–Langdon Park Capital (LPC), a Black-owned real estate investment company, today announced the $48.6 million acquisition of a 138-unit multifamily property in West Covina, California, a strong residential community just east of Downtown Los Angeles. The acquisition marks […]

WP Engine Achieves Prestigious ISO/IEC 27001:2013 Certification for Enterprise Security for WordPress Sites

WP Engine proves maturity of security program and power of WordPress, meeting international standards for information security management AUSTIN, Texas–(BUSINESS WIRE)–WP Engine, the world’s most trusted WordPress technology company, today announced that it has received ISO/IEC 27001:2013 certification for its Information Security Management System (ISMS). This certification demonstrates WP Engine’s continued commitment to information security […]

Q2 Holdings and Rocket Mortgage Announce Partnership Providing Digital Home Loan Process to Banks and Credit Unions

Nashville-based Fourth Capital is the first financial institution to sign up for the new offering, giving clients access to a mobile-first home loan process AUSTIN, Texas–(BUSINESS WIRE)–Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for banking and lending, and Rocket Mortgage, America’s largest mortgage lender and a part of Rocket Companies […]

InvoiceCloud Customer Ellington Mutual Achieves 7x Increase in AutoPay Adoption

HORTONVILLE, Wis. & BOSTON–(BUSINESS WIRE)–Ellington Mutual Insurance Company has leveraged InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services, to streamline payment processes and maximize operational efficiencies. Since implementing InvoiceCloud’s payment solution, Ellington Mutual has experienced a 7x increase in its AutoPay adoption and discovered new opportunities to increase customer satisfaction. A leader […]

Array Announces Integration with Q2’s Digital Banking Platform

NEW YORK–(BUSINESS WIRE)–Array, a leading financial innovation platform, announced its integration with Q2’s digital banking platform. Q2 Holdings, Inc. (NYSE:QTWO) is a leading provider of digital transformation solutions for banking and lending. Through this integration, Array will offer products such as My Credit Manager, ID Protect and Offers Engine through Q2’s Partner Accelerator Program. The […]

XTM Launches Stand Alone Tip Pool & Tip Share Automation Product

Company Responds to High-Demand for Technology-Agnostic Tip Allocation Software MIAMI & TORONTO–(BUSINESS WIRE)–$PAID #Fintech–XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to announce the release of a Tip Pool and […]

Genesis Global Advances Mission to Speed Software Delivery in Financial Markets

Platform enhancements streamline data integration, reporting and full-stack application development MIAMI–(BUSINESS WIRE)–#fintech—Genesis Global, the low-code application development platform purpose-built for financial markets organizations, today announced significant platform enhancements that streamline data integration, reporting and full-stack development, making it faster and easier for software developers to build new applications and enhance legacy systems. The Genesis platform […]

Arbor Ventures Establishes Strategic Partnership With Tokio Marine to Accelerate Innovation in the Insurance Industry

SINGAPORE–(BUSINESS WIRE)–Tokio Marine Asia Pte. Ltd. (“Tokio Marine”) today announced a strategic partnership with Arbor Ventures (“Arbor”), a leading global Fintech / InsurTech-focused venture capital firm, headquartered in Singapore. This partnership, established through its Innovation Lab in Singapore, marks Tokio Marine’s commitment to accelerating the digital transformation of the global insurance industry. The Tokyo-headquartered insurance […]

Coinfirm is Setting the Crypto AML Compliance Standard

LONDON–(BUSINESS WIRE)–RegTech heavyweight Coinfirm – in its award-winning AML Platform – has introduced support for cross-blockchain risk analysis, in addition to rolling out Entity Due Diligence (Entity DD). Cross-blockchain analysis gives crypto compliance monitoring teams unprecedented levels of insight in contexts where a crypto address was involved in a transaction crossing between different blockchains. Entity […]

CCMSI Saves Clients $300 Million by Reducing Workers’ Compensation Claims Costs by 10% with Gradient AI

AI Solution Alerts Adjusters to High-Risk Claims, Increases Efficiency and Accuracy of Claims Operations BOSTON–(BUSINESS WIRE)–#AI—Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry today announced that Cannon Cochran Management Services, Inc. (CCMSI) has innovated its claims management process by implementing Gradient AI’s solution, reducing Workers’ Compensation claims […]

Timberland Bank Partners with Plinqit via Jack Henry’s Digital Banking Platform to Empower Customers to Save & Support Financial Wellness

ANN ARBOR, Mich.–(BUSINESS WIRE)–Timberland Bank has partnered with Plinqit, the only savings platform of its kind that pays users for learning about personal finances, to give customers a simple, easy way to save and plan for future financial needs. With over $1.8 billion in assets and 23 branches across the state of Washington, Timberland Bank […]

FIS Impact Ventures Selects Ten Startups to Develop Their Fintech Solutions in 2022 Accelerator

Key facts: Ten growth-stage fintech companies have been chosen to take part in the 2022 FIS Fintech Accelerator program, allowing participants to develop their solutions through mentoring, training and a monetary investment. Presented by FIS Impact Ventures and The Venture Center, this year’s cohort represents green banking, buy now pay later, P2P payments, debt management, […]

New Study Shows Patient Payment Communication Preferences Have Strong Impact on Provider Loyalty

Salucro report reveals nearly half of all patients value the ability to choose their communication channel the most. PHOENIX–(BUSINESS WIRE)–Salucro Healthcare Solutions, a leading healthcare payment technology company, today released the results of its 2022 Trends in Patient Communications Report, a report that can help healthcare providers understand how patient communication preferences have changed and […]

Banks Seize Competitive Edge Using Digital Platforms

Modern, cloud-based and as-a-service technologies help traditional institutions provide fast, online banking experiences, ISG Provider Lens™ report says STAMFORD, Conn.–(BUSINESS WIRE)–$III #BankingPlatforms–Many traditional banks around the world are meeting changing customer expectations and competing with new rivals by adopting digital banking platforms, according to a new research report published today by Information Services Group (ISG) […]

Ncontracts Named to FinovateFall 2022 Demo Lineup

BRENTWOOD, Tenn.–(BUSINESS WIRE)–Ncontracts, the leading provider of integrated risk management and lending compliance solutions for the financial services industry, has been selected to demo at FinovateFall 2022, taking place September 12-14 in New York. A first-time presenter, Ncontracts will demo its Enterprise Risk Management (ERM) system to show how fintechs and financial institutions can safely […]

Astra and Visa Partner to Enable Faster Funding for New Accounts

Astra, in collaboration with Visa Direct, brings instant account funding to neo-banks, marketplaces, and exchanges in the U.S. SAN FRANCISCO–(BUSINESS WIRE)–Astra, a leading provider of instant card-to-card funding as a service in the U.S.1, today announced it is using Visa Direct2 – Visa’s real-time3 payments service – to provide fast payments to millions of its […]

Kora, the Personal Finance App Just for College Students, Reaches 100,000 Active Users on Budgeting Tool

Kora Insights, their premier budgeting tool, is achieving record usage amidst rising tuition and nationwide inflation CHICAGO–(BUSINESS WIRE)–Kora, a financial technology company exclusively serving college students, announced they’ve reached 100,000 active users on their Kora Insights budgeting tool1. This milestone arrives as students throughout the U.S. grapple with the rising costs of college and associated […]

U.S. Bank Delivers Another Real-Time Payment Solution to Auto Dealers

Dealerships can now receive funds from sale instantly, seven days a week MINNEAPOLIS–(BUSINESS WIRE)–With another innovative RTP® Network solution, U.S. Bank can now provide loan funds to auto dealers instantly after the loan contract is finalized by the bank. Following a successful pilot completed in June, U.S. Bank has already enabled more than 800 auto […]

Maxi Adds US Money Transfer Service with Pin4

The new Agent-to-ATM service is now available through more than 20,000 independent ATMs across the United States. IRVING, Texas–(BUSINESS WIRE)–Maxi has launched a new service for its customers to send money within the USA. In partnership with Pin4, this is the first Agent-to-ATM domestic remittances service available within Maxi’s large portfolio of safe and convenient […]

Skyhigh Security Named a 2022 Gartner® Peer Insights™ Customers’ Choice for Security Service Edge

Receives Customers Choice distinction with one of the highest rankings in the Global Enterprise Segment SAN JOSE, Calif.–(BUSINESS WIRE)–#SSE–Skyhigh Security today announced it was named a ‘Customers’ Choice’ in the Gartner Peer Insights ‘Voice of the Customer’: Security Service Edge report. The Skyhigh Security Service Edge (SSE) platform achieved an overall rating of 4.7 out […]

Lexop Study Reveals a Disconnect Between Consumer Expectations and the Current Past-Due Customer Experience

Despite a growing preference for digital contact methods, traditional collections tactics still account for 73% of past-due customer interactions. MONTREAL–(BUSINESS WIRE)–A recent study conducted by Lexop, a Canadian-based fintech, revealed a significant disconnect between consumer expectations and the service levels companies provide once accounts become past due. The study, Early-Stage Collection Trends in 2022, surveyed […]

TreviPay Releases Small Business Supplier Network Banking Solution to Support Recovery for Small Business Sellers Serving Business & Government Buyers

TreviPay’s newest payment network set to evolve financial services for small businesses to eliminate business accounts receivable and increase selling power OVERLAND PARK, Kan.–(BUSINESS WIRE)–Global B2B payments and invoicing network TreviPay today announced the launch of its Small Business Supplier Network (SBSN) across the United States, the industry’s first payments network built for banks and […]

ICE to Host Auctions of Nature Based Carbon Removal Credits for GreenTrees

NEW YORK & LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to begin carbon credit auctions for GreenTrees, a global leader in reforestation. GreenTrees is the number one reforestation program operator in the United States by credit issuance and wholly owned by ACRE […]

Juniper Research: Buy Now Pay Later Users to Reach Over 900 Million Globally by 2027, Driven by Low Cost of Credit

BASINGSTOKE, England–(BUSINESS WIRE)–A new study from Juniper Research has predicted that the number of BNPL (Buy Now Pay Later) users will surpass 900 million globally by 2027; increasing from 360 million in 2022. This substantial growth of 157% will be driven by the anticipated economic downturn, which will increase the demand for low-cost credit solutions. […]

Cross River Doubles Down on Community Commitment with Spotlight on Financial Literacy

Company continues to take innovative approach to financial literacy education by highlighting how technology can propel financial inclusion Two events lead the charge in August, focusing on diversity and expansion to benefit even more families FORT LEE, N.J.–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced additional […]

ZSuite Tech Secures $11 Million in Series A Round, Led by S3 Ventures

Market demand for unbound digital account platform continues to surge, funding to drive company’s growth, market expansion and product development WESTWOOD, Mass.–(BUSINESS WIRE)–ZSuite Technologies (ZSuite Tech), a financial technology company that powers financial institutions with unbound digital accounts encompassing escrow, subaccounting, sub-ledgering, FBO and trust accounts for commercial customers, today announced the completion of an […]

At-Bay Expands Insurance Offerings With Launch of Miscellaneous Professional Liability

Backed by Markel subsidiary, insurtech meets demand in underserved market with digital-first MPL product SAN FRANCISCO–(BUSINESS WIRE)–At-Bay, the specialty insurance provider for the digital age, today announced the launch of its Miscellaneous Professional Liability (MPL) product, becoming the first to offer an automatically underwritten policy that customizes coverage and pricing across more than 50 diverse […]

Cognito Selected by Thoughtworks as North America Agency of Record

Firm to provide corporate, financial and digital communications advisory as Thoughtworks reinforces its premium reputation following IPO Addition strengthens Cognito’s existing portfolio of professional services clients looking to enhance corporate reputation and drive brand awareness NEW YORK–(BUSINESS WIRE)–Cognito, a leading communications firm for financial, technology and professional services organizations, announced, today, it has been selected […]

Valley National Bancorp Invests $25 Million in an Early-Stage Fintech-Oriented Israeli VC

NEW YORK–(BUSINESS WIRE)–Valley National Bancorp (NASDAQ:VLY) today announced a $25 million investment in The Garage, a venture capital fund that builds and invests in early-stage startups in the fields of fintech, AI and cyber. The fund is backed by Bank Leumi, the leading bank in Israel and by BRM Group, a seasoned Israel-based family office […]

Sopra Steria UK Continues Mission Toward Shaping a Better World With Social Value Driven Digital Transformation Initiatives

Momentum includes new customers success stories across UK Government and businesses which focus on delivering social value; industry recognition including top 20 ranking in Great Places to Work® and growth of 20% over the last two years LONDON–(BUSINESS WIRE)–Sopra Steria, a purpose-driven digital transformation provider, today shares news of its continued momentum and growth, building […]

BlackRock Update on the iShares MSCI Russia ETF (ERUS)

NEW YORK–(BUSINESS WIRE)–Effective August 3, 2022, the iShares MSCI Russia ETF (ERUS) has suspended the right of redemption of fund shares pursuant to an exemptive order issued by the Securities and Exchange Commission on August 3, 2022, in order to permit the fund to liquidate its portfolio. On August 17, 2022, BlackRock will begin liquidating […]

Cambridge Savings Bank Extends Financing Package to Support the Next Evolution of Growth for Fulfillment America

Working capital to support increased production as the world-class fulfillment company manages an uptick in services following the pandemic CAMBRIDGE, Mass.–(BUSINESS WIRE)–#SMBs—Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Corporate Banking team provided new client, Fulfillment America, Inc, with a […]

Capitolis Unveils New Brand Identity Reflecting Company’s Continued Growth and Expansive Vision for Financial Markets

New brand identity includes a new logo, brand colors, brand purpose, promise and principles NEW YORK–(BUSINESS WIRE)–Capitolis, the technology company reimagining financial markets, announced today its new brand strategy and visual system including a logo which signifies Capitolis’ ability to unlock the potential of the global economy. The company, which enables safe growth in financial […]

Oxygen Announces the State of the Creator Economy Report

Study Identifies the Needs of Modern Content Creation Entrepreneurs SAN FRANCISCO–(BUSINESS WIRE)–Oxygen, a modern financial platform designed for the 21st century economy, today released its State of the Creator Economy Report, which takes a look at the booming creator economy, the people behind the content, their goals and challenges, and the technologies that are quickly […]

Deep Instinct Pioneers Deep-Learning Malware Prevention to Protect Mission Critical Business Applications at Scale

Agentless approach meets the attacker earlier to protect financial services and other large enterprises from an underserved attack vector NEW YORK–(BUSINESS WIRE)–Deep Instinct, the first company to apply end-to-end deep learning to cybersecurity, today delivered Deep Instinct Prevention for Applications, an agentless, on-demand, antimalware solution for the enterprise that is device and operating system agnostic. […]

Vontive Crosses $1 Billion of Real Estate Financed

Company’s tremendous momentum underscores the demand for innovative platform SAN FRANCISCO & SEATTLE–(BUSINESS WIRE)–#AI—Vontive, the first embedded mortgage platform for investment real estate, today announced that it has financed more than $1.1 billion of residential properties owned by investors. The company originated $750 million of loans for these properties, and it has a success rate […]

Transact Partners With GradGuard To Provide Financial Insurance to Millions of Students

Partnership Allows for Safeguard Should a Student Need to Withdraw from School Due to Medical Reasons PHOENIX–(BUSINESS WIRE)–Transact, the leader in innovative payment and mobile credential solutions for a connected campus, today announced an enhanced partnership with GradGuard, the leading provider of college renters and tuition insurance. The partnership will provide families and students with […]

OriginClear Names Castle Placement for Water On Demand Offering

Platform will tap up to 64,500 institutional investors/lenders and 600,000+ accredited investors CLEARWATER, Fla.–(BUSINESS WIRE)–$OCLN #cleanwater—OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that it has named investment bank Castle Placement (“Castle”) (www.castleplacement.com) as its exclusive placement agent to build the capital base for its Water On Demand™ program. The Company intends […]

OneScreen.ai Launches Most Comprehensive Public Directory of Out-of-home (OOH) Advertising Inventory and OOH Providers

Searchable directory makes OOH companies and 864,000+ listings easily discoverable by buyers, a major step in OneScreen.ai building the most open, integrated, cooperative infrastructure in OOH BOSTON–(BUSINESS WIRE)–#AI—OneScreen.ai, the marketplace provider for buying and selling out-of-home (OOH) advertising, has launched the most comprehensive public directory of OOH advertising inventory with more than 3,200 OOH providers, […]

Parafin Raises $60M Led by GIC to Help Every Company Launch Embedded Financial Services for Small Businesses

SAN FRANCISCO–(BUSINESS WIRE)–Parafin, a fintech infrastructure startup that companies such as marketplaces, vertical SaaS, and payment processors rely on to launch and embed financial services for their sellers, announced that it has raised a $60 million Series B financing round led by GIC, bringing its total equity funding to $94 million. This round includes participation […]

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