Business Wire


Paystand Named a Fastest-Growing Private Company by Silicon Valley Business Journal Two Years in a Row

The blockchain-enabled B2B payments network achieved unicorn status in 2022 and has grown 876% year-over-year for the past three years SCOTTS VALLEY, Calif.–(BUSINESS WIRE)–Paystand – the fastest-growing, blockchain-enabled B2B payments network – today announces that the Silicon Valley Business Journal has named it one of its fastest-growing private companies. Paystand placed third for the second […]

OutSystems High-Performance Low-Code Platform Powers Western Union Digital Banking Solution

New banking application offers users an integrated digital banking and money transfer solution, including access to a multi-currency digital wallet. BOSTON–(BUSINESS WIRE)–OutSystems, a global leader in high-performance application development, has teamed up with Western Union, a global leader in cross-border, cross-currency money movement and payments, to support the launch of its new digital banking offering […]

Helbiz Starts In-App Sales of Insurance

Helbiz launches Helbiz Insurance to deliver a digital and integrated insurance offering aiming to revolutionize the micro-mobility industry NEW YORK–(BUSINESS WIRE)–$HLBZ–Helbiz, a leader in electric micro-mobility services [NASDAQ: HLBZ] and YOLO, Italy’s first mover in insurtech [EURONEXT: YOLO] are launching Helbiz Insurance, a new suite of digital insurance solutions for customers directly from the Helbiz […]

Lumiant Expands U.S. Sales Team on Heels of Ric Edelman and Savant Investment

New dedicated sales team will seek to build upon the international fintech’s hot start after less than six months in the United States CHICAGO–(BUSINESS WIRE)–#Advisors—Lumiant, an award-winning cloud-based advice and client engagement platform, that enables clients and their advisors to connect more deeply around their lives, values and finances, has announced the addition of three […]

Cross River and TechUnited Join Forces for Second Year to Empower Women and Minority Business Owners Through Mentorship Program

Organizations kick off National Entrepreneurship Month with commitment to propelling the future of New Jersey businesses and a focus on the next generation of founders FORT LEE, N.J.–(BUSINESS WIRE)–Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and TechUnited, a non-profit membership organization focused on empowering entrepreneurs & innovators, announce […]

Praxent Supports Church Extension Plan in Developing Modern Mobile App

Praxent delivers full UI/UX refresh for financial services nonprofit’s mobile app and web portal designs AUSTIN, Texas–(BUSINESS WIRE)–Praxent, a fintech product agency with more than two decades of experience, today announced its partnership with Church Extension Plan (CEP), a financial services nonprofit that offers leading financial and administrative services to churches and ministries. Founded in […]

XTM Inc. Joins Hospitality Experts to Address Compliance on Gratuity Payout

XTM is Joined by Restaurants Canada and Leading Hospitality Tax Lawyer, James Rhodes 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 specifically for service industries including hospitality, personal care and service staff, is partnering with Restaurants Canada, […]

Axis Announces Expansion of its Funding Facilities

TORONTO–(BUSINESS WIRE)–Axis Auto Finance Inc. (“Axis” or the “Company”), (TSX: AXIS) a fintech lender servicing the alternative auto finance market and commercial equipment finance market, announced today that it has renewed its $120 million senior secured credit facility that supports its auto finance business, while also expanding its funding facilities used in its commercial equipment […]

How the Cost of Living Crisis has helped Twig Growth: Reaching One Million Users and Accelerated Two Million Downloads

LONDON–(BUSINESS WIRE)–Launched 15 months ago as a pioneering online initiative, merging banking expertise with marketplace-style buying-and-selling – Twig is expanding globally after hitting one million users this month, and two million downloads. The London-based, fast-growing circular economy fintech helps consumers to convert unwanted goods into cash. “We offer next-generation banking as the Bank of Things […]

Binary Defense Raises $36 Million From Invictus Growth Partners to Propel Rapid Expansion as the Most Trusted MDR Platform

The company will use the investment to drive customer acquisition with accelerated sales and marketing and expand machine learning to enhance its technology enabled service capabilities as it creates a world-class Managed Open XDR solution. CLEVELAND–(BUSINESS WIRE)–Binary Defense Systems, Inc., a leading Managed Detection and Response (“MDR”) and enterprise defense provider, announced that it closed […]

BitNile Holdings Issues October Bitcoin Production and Mining Operation Report

LAS VEGAS–(BUSINESS WIRE)–$AP #ARBK—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today published an unaudited update on Bitcoin production and miner installation. The number of miners and production capacity metrics within this press release represent the S19j Pro and XP Antminers at the Company’s Michigan data center and the […]

MetricStream GRC Summit in London, Experience the Power of Connection, Host GRC Leaders from Around the World

LONDON–(BUSINESS WIRE)–MetricStream, the global market leader in integrated risk management (IRM) and governance, risk, and compliance (GRC) is hosting the much awaited GRC Summit on November 8th and 9th in London. The two-day event, Experience the Power of Connection, will feature prominent GRC professionals representing more than 20 different industries including banking and financial services, […]

Airwallex enables merchants to accept Buy Now Pay Later payment option through partnership with Atome

SINGAPORE–(BUSINESS WIRE)–Leading global fintech platform Airwallex today announced a Buy Now Pay Later (BNPL) functionality in partnership with Atome, Asia’s leading BNPL brand. Announced at this year’s Singapore Fintech Festival, the collaboration will enable Airwallex merchants1 to offer BNPL as a payment option to shoppers across Hong Kong, Indonesia, Malaysia and Singapore. The partnership is […]

Alipay+ to offer special packages from Friday onwards on GCash featuring Disney+ which will be available in the Philippines on November 17

Users of the Philippines’ No.1 e-wallet GCash will be able to use their Alipay+ Rewards for special packages that include subscriptions to the highly anticipated streaming service Disney+ MANILA, Philippines–(BUSINESS WIRE)–Ahead of the official launch of Disney+ in the Philippines on November 17, Alipay+ together with its e-wallet partner GCash today announced that it will […]

Insurance Technologies Changes Name to Hexure

COLORADO SPRINGS, Colo.–(BUSINESS WIRE)–#FinTech–Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the life and annuity industry, announced today its new company brand Hexure [heck-sure] to enable sharper strategic focus on leading the insurance, financial services and wealth management industries. The name is derived from two powerful elements—hex and ure. Hex signifies […]

Retirable, the Holistic Retirement Planning Solution, Announces Platform Evolution and Additional $6M in Seed Funding, Bringing Total Funding to Date To $10.7M

The fintech platform expands with retirement income and investing services, furthering its mission to empower a confident, worry-free retirement for everyone NEW YORK–(BUSINESS WIRE)–Retirable, the first-of-its-kind holistic retirement solution with the ongoing care of an advisor, today unveiled additional retirement income and investing offerings to its advisory and planning services. Designed for the 50 million […]

GoTyme Bank Partners with Daon for Secure, Frictionless Account Setup for New Digital Bank

Daon® IdentityX® identity proofing and authentication is critical to new bank launch in the Philippines FAIRFAX, Va.–(BUSINESS WIRE)–#biometrics–Daon, the Digital Identity Trust company, today announced that GoTyme Bank, a new digital bank designed to provide financial inclusion and empowerment to consumers, will utilize Daon IdentityX for digital identity capture and authentication in the GoTyme banking […]

Pacific Life’s Collaboration with Bank of America Introduces a New Lock‐In Feature

Clients Can Lock In Gains at Any Time with New Two‐Year BofA Iris U.S. Sectors IndexSM Options NEWPORT BEACH, Calif.–(BUSINESS WIRE)–To help address market volatility, Pacific Life recently announced that it has enhanced its Pacific Index Dimensions® fixed indexed annuity. The product now includes five new crediting options linked to the BofA Iris U.S. Sectors […]

Mirador, Inc. Seeks Talent in the Illinois Technology and Research Corridor

 Chooses Naperville for Newest Location STAMFORD, Conn.–(BUSINESS WIRE)–#FinTech–Today, Mirador, Inc. announces the opening of its newest office location in Naperville, IL. One of America’s fastest-growing companies continues to prove that the accolades are well deserved. Mirador was recently named to the 2022 Inc. 5000, a list of the fastest-growing private companies in the US (#545 […]

Alegeus Unveils High-Yield Feature for WealthCare HSA Solution, Providing Account Holders Lucrative Opportunities to Maximize Fund Values

Backed by Pacific Life, new enhanced interest option has the potential to earn account holders up to 10 times their current HSA cash account interest rate WALTHAM, Mass.–(BUSINESS WIRE)–#HSA—Alegeus, the market leader in healthcare payment solutions, today unveiled WealthCare HSA High-Yield, an innovative enhanced interest option that has the potential to earn account holders up […]

WNS Recognized as a ‘Leader’ in Digital Platform and Augmentation Suite (DPAS) in Insurance BPS by Everest Group

NEW YORK & LONDON & MUMBAI, India–(BUSINESS WIRE)–$WNS #BPM–WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced that it has been recognized as a ‘Leader’ in Digital Platform and Augmentation Suite (DPAS) in Insurance BPS in Everest Group’s 2022 PEAK Matrix™ Assessment. The DPAS-specific PEAK Matrix™ Assessment […]

BitNile Holdings Announces That Alzamend Neuro Receives FDA “Study May Proceed” Letter for Phase I/IIA Clinical Trial Under Its Investigational New Drug Application for an Immunotherapy Vaccine (ALZN002) to Treat Alzheimer’s Disease

ALZN002 is believed to be the first autologous dendritic cell-based active immunotherapy vaccine candidate to be tested in humans to treat Alzheimer’s LAS VEGAS–(BUSINESS WIRE)–$ALZN #ALZN—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today announced that Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”), an early clinical-stage biopharmaceutical company focused on […]

 LinkLive and Kasisto Partner to Deliver Market Defining AI-Assisted Customer Experiences for Financial Institutions

 Two customer engagement platforms combine their AI capabilities to deliver differentiated customer and agent experiences for banks and credit unions SAN FRANCISCO–(BUSINESS WIRE)–#AI–This week at the 2022 NCR Innovation Conference, LinkLive, a customer engagement platform (CEP) provider for security-focused and regulated U.S. industries, and Kasisto, creator of KAI, a digital experience platform for the financial […]

Airwallex partners with University of Melbourne to forge Australia’s future tech leaders

MELBOURNE, Australia–(BUSINESS WIRE)–Global fintech Airwallex has embarked on a pivotal partnership with the University of Melbourne, which will help build the next generation of Australian tech leaders. With a total investment from Airwallex of more than A$3 million, the partnership is aimed at increasing access, exposure and career opportunities for technology students, and in turn, […]

Solera Participating in Panel Discussion at Connected Claims USA 2022

Panel focused on digitizing Direct Repair Program claims process WESTLAKE, Texas–(BUSINESS WIRE)–Solera, the global leader in vehicle lifecycle management, will join insurance industry leaders at Connected Claims USA 2022 for a panel discussion on redesigning and digitizing the auto Direct Repair Program (DRP) claims process. Solera Vice President of Industry Relations, Bill Brower, will take […]

Financial Data Exchange (FDX) Reports 42 Million Consumer Accounts on FDX API to Continue Driving Open Banking

RESTON, Va.–(BUSINESS WIRE)–The Financial Data Exchange (FDX) today reports that 42 million consumer accounts are now using its FDX API for open finance data sharing. Since FDX’s last report in June 2022, nearly 10 million additional consumer accounts were transitioned to the FDX API. FDX also reports that API calls have grown to 3.4 billion […]

Carat from Fiserv to Fuel the Future of Commerce at More than 5,500 Sunoco Locations

Carat will provide secure multi-acquiring capabilities, optimize transactions from initiation to settlement, and help Sunoco connect commerce across physical and digital channels BROOKFIELD, Wis.–(BUSINESS WIRE)–Sunoco LP, the largest independent fuel distributor in the United States, has chosen Carat from Fiserv to optimize its commerce model and unify consumer experiences at the convenience stores, independent dealers, […]

Netcracker Focuses on Business Transformation, Monetizing 5G at Total Telecom Congress 2022

Netcracker Sponsors London-based Event This Week and Participates in Multiple Speaking Sessions Across Key Industry Topics WALTHAM, Mass.–(BUSINESS WIRE)–Netcracker Technology announced today that it will participate in Total Telecom Congress 2022 on November 1-2 at the Business Design Centre in London as a Diamond Sponsor. Netcracker will also take part in several speaking sessions during […]

ICE Publishes 2023 Auction Calendar for UK’s Emissions Trading Scheme

LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and home to the world’s most liquid environmental markets, today announced that the 2023 auction calendar for the UK’s Emissions Trading Scheme (“ETS”) will be published by ICE shortly after 5pm London time (BST) today. Once published, the calendar […]

BitNile Holdings’ Subsidiary, Alliance Cloud Services, Developing Enterprise Data Center at Michigan Facility

LAS VEGAS–(BUSINESS WIRE)–$AP #BITF—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today announced that its subsidiary, Alliance Cloud Services, LLC (“Alliance Cloud Services”), plans to launch enterprise data center services at its Michigan data center. Alliance Cloud Services has developed a diversified site, including commercial real estate for office, […]

Tenet Secures The First-Ever EV-Only Warehouse Facility To Make EVs More Affordable

Tenet Closes $20M Warehouse Facility from Silicon Valley Bank NEW YORK–(BUSINESS WIRE)–Tenet, the leading EV financing platform, today announced that the company has secured the first-ever Electric Vehicle (EV) only warehouse facility to make EVs more affordable. Tenet has entered into a warehouse financing agreement of up to $20 million with Silicon Valley Bank (SVB) […]

KOBA Insurance Chooses Socotra Policy Core Platform to Expand UBI Product Portfolio

Socotra’s platform will assist KOBA in offering its usage-based insurance internationally and expand its portfolio to other products such as insurance for boats and motorcycles SAN FRANCISCO–(BUSINESS WIRE)–Socotra, the modern core platform provider for innovative insurers, today announced that KOBA Insurance, an insurtech MGA pioneering usage-based insurance products in Australia, is migrating its insurance program […]

Fiserv Affirms Commitment to Wisconsin with Selection of New Global Headquarters Location in Downtown Milwaukee

Milwaukee becomes one of the largest fintech hubs in the Midwest MILWAUKEE–(BUSINESS WIRE)–Fiserv (NASDAQ: FISV), a global technology leader and provider of payments and financial services solutions, today joined with Wisconsin Governor Tony Evers and Milwaukee Mayor Cavalier Johnson to announce the expansion of its decades-long commitment to Wisconsin with the opening of a new […]

ICE to Launch European LNG Futures for North-West and South-West Europe and Three Supporting French, German and Italian Natural Gas Futures

LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced plans to launch two liquid natural gas (LNG) futures contracts for North-West Europe and South-West Europe. The contracts are designed to help market participants trade and hedge the difference in price between LNG for delivery in North-West […]

Embroker Announces Partnership With LastPass to Bridge Critical Password & Identity Protection Gaps for Small Businesses

Embroker partners with LastPass to deliver a single destination for best-in-class cyber insurance and digital protections for businesses SAN FRANCISCO–(BUSINESS WIRE)–Embroker, the digital platform making it radically simple to get business insurance, today announced a partnership with LastPass, the award-winning password manager for businesses, to provide a single-destination, secure option for all customers looking for […]

Sekura and Provenir Partner to Fortify Fraud Protection for the Financial Services Industry via Mobile Intelligence

The combined solution is ideal to support BNPL, SME lending, retail and POS, new customer onboarding, auto financing, and banking and loan origination PARSIPPANY, N.J.–(BUSINESS WIRE)–#AI—Provenir, a global leader in AI-powered risk decisioning software, today announced it has entered into a global partnership with Sekura Mobile Intelligence, a global provider of mobile data solutions. This […]

Western Union and NymCard Partner in the UAE

Collaboration to Enable FinTech Companies and Financial Institutions in the UAE to Offer Cross Border Money Transfer Services through Western Union ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–Western Union and NymCard today announced that they have signed a partnership that will enable FinTechs and financial institutions in the United Arab Emirates (the UAE) to offer international […]

Ninetailed Raises €5M to Build the Data-Driven Experience Layer of Composable Architecture

BERLIN–(BUSINESS WIRE)–Ninetailed, a Berlin-based startup specializing in personalization and experimentation for the modern tech stack, has raised €5M in funding led by Mosaic Ventures and Cherry Ventures. The round is complemented by First Momentum Ventures and leading angel investors. The boost in fresh capital fuels Ninetailed to further double down on creating interactive experiences and […]

HKSTP Elevator Pitch Competition 2023 Invites Global Innovators to Tap into Hong Kong’s Boundless Investment and Asia Expansion Opportunities

A total US$5 million in venture funding and US$210,000 in cash prizes available plus business matching and investment opportunities HONG KONG–(BUSINESS WIRE)–Hong Kong Science and Technology Parks Corporation (HKSTP) today kicked off its seventh global Elevator Pitch Competition 2023 (EPiC 2023), by inviting tech startups around the world to enter one of the largest elevator […]

SWIFT and MonetaGo deliver major milestone in fight against trade finance fraud

SINGAPORE & NEW YORK–(BUSINESS WIRE)–SWIFT and MonetaGo have achieved an important milestone in the global fight against fraud and duplicate financing, with the live launch of the Trade Financing Validation Service provided by MonetaGo over the global SWIFT network. This is the first third party service, in trade, available through the SWIFT API channel. Following […]

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