Business Wire

FICO Scores Remain Most Widely Used in the Securitization Market, Instilling Lender Confidence Despite Inflation Highs and Economic Challenges thumbnail

FICO Scores Remain Most Widely Used in the Securitization Market, Instilling Lender Confidence Despite Inflation Highs and Economic Challenges

Mercator Advisory Group study finds that 97% of asset-backed securitizations rely on FICO® Scores SAN JOSE, Calif.–(BUSINESS WIRE)–Recent research from Mercator Advisory Group, a leading, independent research and advisory services firm exclusively focused on the payments and banking industries, found that asset-backed securitizations (ABS) continue to rely heavily on the FICO® Score as a risk […]

CSI Named One of the Best Places to Work in Illinois and Kentucky thumbnail

CSI Named One of the Best Places to Work in Illinois and Kentucky

PADUCAH, Ky.–(BUSINESS WIRE)–Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of end-to-end fintech and regtech solutions, has been selected as one of the 2022 Best Places to Work in Illinois and Kentucky, ranking 7th and 22nd, respectively, in the large company category. The Best Places to Work in Illinois list is a project of […]

Zeta Expands Leadership Team with Appointment of FIS Veteran Karla Booe as Chief Compliance Officer thumbnail

Zeta Expands Leadership Team with Appointment of FIS Veteran Karla Booe as Chief Compliance Officer

 Accelerates implementations of its next-gen credit processing stack in the US with key hires SAN FRANCISCO–(BUSINESS WIRE)–#Appointment–Zeta, a banking-tech company and provider of next-gen credit card processing, today announced the appointment of Karla Booe as Chief Compliance Officer. Based in Little Rock, Arkansas, Booe will be responsible for driving regulatory compliance programs for Zeta’s US […]

GK8 Updates Its Institutional-grade Digital Asset Management Platform With NEAR Protocol Support thumbnail

GK8 Updates Its Institutional-grade Digital Asset Management Platform With NEAR Protocol Support

The integration empowers institutions using GK8’s platform to launch their own decentralized applications in the bustling NEAR ecosystem TEL AVIV, Israel–(BUSINESS WIRE)–#GK8—GK8, the leading institutional-grade self-managed digital asset custody platform, announces its integration with NEAR Protocol, a leading next-generation blockchain ecosystem. The integration allows GK8 users to enter NEAR’s bustling Web3 network, deploying decentralized solutions […]

Softek Acquires Gentech (H2 FinTech) a Leading Provider of “Command and Control” Services to the Broker-Dealer and RIA Community thumbnail

Softek Acquires Gentech (H2 FinTech) a Leading Provider of “Command and Control” Services to the Broker-Dealer and RIA Community

Acquisition further extends Softek’s services available to Broker-Dealers and RIAs TORONTO & DENVER–(BUSINESS WIRE)–#brokerdealers—Softek, a leading provider of Capital and Credit management solutions, today announced it acquired Gentech (H2 FinTech) formerly part of GWM Holdings Inc. Gentech (H2 FinTech) is an innovative technology and software services firm addressing the day-to-day challenges of RIAs and Independent […]

FINOM Selects Resistant AI’s Transaction Forensics to Strengthen its Money Laundering Defences thumbnail

FINOM Selects Resistant AI’s Transaction Forensics to Strengthen its Money Laundering Defences

The Pan-European B2B Fintech Platform Can Now Prioritise In-house Alerts More Effectively While Adding Advanced Anomaly Detection PRAGUE–(BUSINESS WIRE)–Resistant AI, the AI and machine learning financial crime prevention specialists, today announced that FINOM, the Netherlands-based B2B fintech platform for small businesses and professionals, has selected Resistant AI Transactions Forensics to bolster its anti-money laundering measures. […]

Motive Partners Raises $2.5 Billion thumbnail

Motive Partners Raises $2.5 Billion

Motive raises $2.54 billion for Motive Capital Fund 2 and affiliated co-investment vehicles, bringing the firm’s regulatory assets under management to over $5.5 billion Fund 2 was oversubscribed and closed above its original hard cap of $1.5 billion This fundraise supports Motive’s mission to build a leading fully integrated private equity firm focused on technology-enabled […]

Plinqit to Present San Diego Wave Fútbol Club’s Match on July 15 to Commemorate 50 Years of Title IX thumbnail

Plinqit to Present San Diego Wave Fútbol Club’s Match on July 15 to Commemorate 50 Years of Title IX

Plinqit joins San Diego Wave FC at Torero Stadium to celebrate the 50th anniversary of Title IX and promote positive financial health for all ANN ARBOR, Mich.–(BUSINESS WIRE)–Plinqit, the only savings platform of its kind that pays users for learning about personal finances, will present San Diego Wave FC’s match on July 15 commemorating 50 […]

Airwallex Secures Place in The Fintech Power 50 2022 Cohort thumbnail

Airwallex Secures Place in The Fintech Power 50 2022 Cohort

With more than 1,200 companies nominated and over 18,000 votes cast, Airwallex was chosen as a member of this year’s prestigious fintech influencers list LONDON–(BUSINESS WIRE)–The Fintech Power 50, a list of the 40 most innovative companies and 10 visionary personalities shaping the financial services industry, has been revealed for 2022. The exclusive annual program […]

Flueid Now Integrated with Resware thumbnail

Flueid Now Integrated with Resware

Opening a Resware order triggers Flueid Decision, front loading data at the start of the title production process without having to leave Resware The integration natively embeds and delivers data, insights and underwriter-backed clearance decisions to streamline process and support a predictable transaction, every time AUSTIN, Texas–(BUSINESS WIRE)–Flueid, the leading real estate technology company using […]

 6 Credit Unions Renew with Bankjoy After Successful Conversion thumbnail

 6 Credit Unions Renew with Bankjoy After Successful Conversion

As consumers rapidly change how and where they bank, credit unions maintain commitment to modernized digital experiences DETROIT–(BUSINESS WIRE)–After recently converting 16 credit unions to its end-to-end digital service ecosystem, Bankjoy has renewed with six additional credit unions, pointing to credit unions’ commitment to delivering superior, modern digital experiences. Featuring a fast and seamless implementation […]

Asset Class Secures $11.6 Million Series A Funding Led By Canapi Ventures to Help Democratize Private Capital Investing

Asset Class Secures $11.6 Million Series A Funding Led By Canapi Ventures to Help Democratize Private Capital Investing

Funding to Accelerate Software and Business Development Capabilities as Asset Class Continues U.S. and European Growth Series A Round Includes Live Oak Ventures, Plexus Capital and Total Technology Ventures DUBLIN–(BUSINESS WIRE)–Asset Class, a financial technology (fintech) company headquartered in Dublin with offices in New York and London, announced today that it has completed a $11.6 […]

Award Winning Chimney™ Adds Over 60 Financial Institution Clients, Surpasses 20 Million User Sessions in the Last 12 Months thumbnail

Award Winning Chimney™ Adds Over 60 Financial Institution Clients, Surpasses 20 Million User Sessions in the Last 12 Months

NEW YORK–(BUSINESS WIRE)–Chimney™, a leader in financial guidance for the digital age, has added more than 60 new financial institution clients in the last year, as more banks, credit unions and lenders invest in digital experiences that are personalized to their customers’ needs. As a result, Chimney’s interactive tools surpassed 20 million user sessions, helping […]

NICE Actimize Positioned as Category Leader in Chartis Research “Watchlist Monitoring Solutions, 2022 Market Update and Vendor Landscape” Report thumbnail

NICE Actimize Positioned as Category Leader in Chartis Research “Watchlist Monitoring Solutions, 2022 Market Update and Vendor Landscape” Report

Scoring best-in-class in data methodology, NICE Actimize’s Watchlist solution manages the complexities of the evolving sanctions landscape HOBOKEN, N.J.–(BUSINESS WIRE)–#NICE—NICE Actimize, a NICE (NASDAQ: NICE) business, has been positioned as a Category Leader in the inaugural Chartis Research “Financial Crime Risk Management Systems: Watchlist Monitoring Solutions, 2022 Market Update and Vendor Landscape” report among a […]

BitNile Holdings Forms Ault Energy to Make Strategic Oil and Gas Acquisitions thumbnail

BitNile Holdings Forms Ault Energy to Make Strategic Oil and Gas Acquisitions

Ault Energy to partner with White River Holdings Corp on drilling projects across 30,000 acres in Texas, Louisiana and Mississippi LAS VEGAS–(BUSINESS WIRE)–$AGH #30000_acres—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today announced the formation of Ault Energy, LLC (“Ault Energy”), a subsidiary of Ault Alliance, Inc., itself a […]

Cacheflow Launches Product to Help Companies Get More ARR with Less Burn, And Hires Key Executives to Accelerate Growth thumbnail

Cacheflow Launches Product to Help Companies Get More ARR with Less Burn, And Hires Key Executives to Accelerate Growth

Cacheflow completes the tech stack for sales by closing the last loop with customers: propose, close and get paid. LOS ALTOS, Calif.–(BUSINESS WIRE)–Nine months after coming out of stealth, Cacheflow is bringing its product into general availability to help software companies close deals faster. In today’s uncertain economy, CROs are looking to get more ARR […]

Prove Identity, Inc. Helps Synchrony Complete 25 Million Digital Credit Card Applications thumbnail

Prove Identity, Inc. Helps Synchrony Complete 25 Million Digital Credit Card Applications

Prove’s industry-leading identity verification and cryptographic authentication solutions help reduce friction and fraud while improving the customer experience NEW YORK–(BUSINESS WIRE)–Prove Identity, Inc. (“Prove”), the leader in digital identity, today announced it has facilitated 25 million “radically simple” customer credit card applications with Synchrony (NYSE: SYF), a premier consumer financial services company. Synchrony leverages Prove’s […]

Moonfare, the global private equity platform, continues to grow substantially doubling Assets under Management to over $2 billion thumbnail

Moonfare, the global private equity platform, continues to grow substantially doubling Assets under Management to over $2 billion

Moonfare continues to expand at accelerating pace, doubling assets in less than a year to $2 billion AuM and surpassing 40,000 registered users By achieving these milestones, Moonfare proceeds along its exponential growth trajectory further consolidates its role as global digital leader of the “private equity goes retail” phenomenon Individual investors increasingly turn to private […]

IBS Intelligence Awards Objectway #1 for Private Banking and Wealth Management Deals thumbnail

IBS Intelligence Awards Objectway #1 for Private Banking and Wealth Management Deals

LONDON–(BUSINESS WIRE)–#SLT–Objectway, a global wealth, banking & asset management software provider, has been recognised as the market’s leading firm for Private Banking and Wealth Management deals in the IBS Intelligence Sales League Table (SLT). Objectway also got a very favorable place in the SLT Leaderboard for Private Banking & Wealth Management, a reflection of the […]

BHMI And Payshop Win “Editor’s Choice Award” at PayTech Awards 2022 thumbnail

BHMI And Payshop Win “Editor’s Choice Award” at PayTech Awards 2022

OMAHA, Neb.–(BUSINESS WIRE)–#digitalpayments—BHMI, a leading provider of enterprise software applications and creator of the Concourse Financial Software Suite®, and Payshop, a subsidiary of Banco CTT and part of the CTT Group, received the “Editor’s Choice Award” at the recent PayTech Awards 2022 ceremony in London on July 1. Produced and hosted by FinTech Futures, the […]

Asa Named as a Winner in the BECU Fintech Incubator Competition, Powered by CoMotion at the University of Washington thumbnail

Asa Named as a Winner in the BECU Fintech Incubator Competition, Powered by CoMotion at the University of Washington

Fintech startup brings collaborative banking to leading fintech incubator PROVO, Utah–(BUSINESS WIRE)–Asa connects financial institutions with customer-facing fintechs in a secure, compliant and easy to implement marketplace. The company today announced its acceptance into a fintech incubator hosted by BECU and CoMotion, the innovation arm of the University of Washington. The year-long program kicks off […]

i2c to Power Marygold & Co. Contactless Debit Mastercard® and Savings Platform thumbnail

i2c to Power Marygold & Co. Contactless Debit Mastercard® and Savings Platform

White glove mobile banking and financial services app leverages global issuer processor’s modular technology to expand product portfolio and market reach REDWOOD CITY, Calif.–(BUSINESS WIRE)–i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with Colorado-based financial technology company Marygold & Co., to power the platform’s Tap to Pay Debit […]

Langdon Park Capital Acquires Two Workforce Housing Communities in Los Angeles thumbnail

Langdon Park Capital Acquires Two Workforce Housing Communities in Los Angeles

Acquisitions support LPC’s mission to create lasting social impact in historically underserved Black and Latino communities LPC crosses $100+ million AUM milestone LOS ANGELES–(BUSINESS WIRE)–Black-owned real estate investment company Langdon Park Capital (LPC) has expanded its growing portfolio, which now totals more than $100 million of assets under management, with the acquisition of two multifamily […]

Built Helps Construction Lenders Manage Risk with Project Pro thumbnail

Built Helps Construction Lenders Manage Risk with Project Pro

New solution enables unprecedented risk mitigation for lenders through contractor management, project monitoring, and stakeholder collaboration in a unified dashboard NASHVILLE, Tenn.–(BUSINESS WIRE)–#construction—Built Technologies (Built), the fastest growing construction finance platform in the U.S., today announced Project Pro, the first-of-its-kind contractor management and project monitoring solution for lenders. Construction lenders around the world are limited […]

DeepTarget’s 3D Story On The Go™ Powers Immersive & Adaptive 1-to-1 Personalized Experiences for Email, SMS and Social Media Marketing thumbnail

DeepTarget’s 3D Story On The Go™ Powers Immersive & Adaptive 1-to-1 Personalized Experiences for Email, SMS and Social Media Marketing

HUNTSVILLE, Ala.–(BUSINESS WIRE)–DeepTarget Inc., a Fintech company that simplifies digital marketing for banks and credit unions by utilizing data insights and AI to deliver personalized offers and experiences across digital channels, announced the addition of its new 3D Story On The Go™(OTG) product extension to its Digital Experience Platform (DXP). This significant expansion of their […]

Carver Edison and Morgan Stanley at Work Launch API Integration to Boost Equity Ownership Among Stock Plan Participants thumbnail

Carver Edison and Morgan Stanley at Work Launch API Integration to Boost Equity Ownership Among Stock Plan Participants

NEW YORK–(BUSINESS WIRE)–Carver Edison, a New York City-based financial technology company which creates upward mobility solutions for employees of publicly traded companies, and Morgan Stanley at Work, a workplace financial solutions provider, announced today the successful implementation of an application programming interface (“API”). The integration optimizes the administration and management of Employee Stock Purchase Plans […]

Argyle Joins Financial Data Exchange to Establish Industry Standards for Payroll Data thumbnail

Argyle Joins Financial Data Exchange to Establish Industry Standards for Payroll Data

Argyle’s Contributions to Industry Standards Body Underscore Company’s Mission of Equitable Financial Access for Everyone NEW YORK–(BUSINESS WIRE)–Argyle, the leading employment data platform providing companies access to user permissioned employment records, announced today it has joined the industry standards body Financial Data Exchange (FDX). Through its FDX membership, Argyle will help shape industry standards for […]

Plynk™ Works with Paxos to Introduce Cryptocurrency Trading and Educational Resources thumbnail

Plynk™ Works with Paxos to Introduce Cryptocurrency Trading and Educational Resources

The Plynk app for new investors will offer Plynk CryptoTM, the option to trade and custody crypto through regulated custodian and infrastructure leader Paxos JERSEY CITY, N.J.–(BUSINESS WIRE)–PlynkTM, an investment app for new investors, announced the launch of Plynk CryptoTM, allowing app users to trade and hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin […]

Estate Planners Globally Now Have a Comprehensive and Practical Client-Based Approach to Digital Estate Planning thumbnail

Estate Planners Globally Now Have a Comprehensive and Practical Client-Based Approach to Digital Estate Planning

Digital Asset Entanglement: Unraveling the Intersection of Estate Laws & Technology explores how digital assets impact estate and succession planning and how organizations can manage in our immersive digital age TORONTO–(BUSINESS WIRE)–#ESTATETech–Sharon Hartung, Captain (Ret’d), PEng, TEP, founder of Your Digital Undertaker® and recognized as one of the leading and original voices in digital estate […]

Oklahoma Bank Partners with Arkansas Fintech to Increase Efficiencies thumbnail

Oklahoma Bank Partners with Arkansas Fintech to Increase Efficiencies

FNB Community Bank launches Teslar Software to enhance lending operations, boost transparency SPRINGDALE, Ark.–(BUSINESS WIRE)–FNB Community Bank and Teslar Software today announced their partnership to streamline and automate lending processes. The community bank is leveraging Teslar’s exceptions tracking and loan management software to save time and increase operational efficiencies, freeing lenders to focus on the […]

Paxful Selects iProov to Provide Effortless Security for Cryptocurrency Onboarding and Transactions thumbnail

Paxful Selects iProov to Provide Effortless Security for Cryptocurrency Onboarding and Transactions

LONDON & NEW YORK–(BUSINESS WIRE)–iProov, the world leader in face biometric authentication technology, announced today that Paxful, a global peer-to-peer fintech platform, will employ its award-winning liveness technology to verify user identity during the onboarding process and when making transactions. “We are thrilled to partner with iProov to offer our users a safe and secure […]

Tradeweb Reports Trading Volume of $26.1 Trillion in June with 18.0% YoY Increase in Average Daily Volume thumbnail

Tradeweb Reports Trading Volume of $26.1 Trillion in June with 18.0% YoY Increase in Average Daily Volume

Second Quarter 2022 Record Average Daily Volume up 20.4% YoY NEW YORK–(BUSINESS WIRE)–Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for June 2022 of $26.1 trillion (tn). Average daily volume (ADV) for the month was $1.24tn, an increase of […]

BitNile Holdings Issues June Bitcoin Production and Mining Operation Report thumbnail

BitNile Holdings Issues June Bitcoin Production and Mining Operation Report

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

Riskified and Axerve Help KIKO Milano Boost Cart Conversions Under PSD2 by Maximizing TRA (Transaction Risk Analysis) thumbnail

Riskified and Axerve Help KIKO Milano Boost Cart Conversions Under PSD2 by Maximizing TRA (Transaction Risk Analysis)

The partnership enables Axerve’s customers to implement Riskified’s PSD2 Optimize solution, which helped KIKO Milano ensure frictionless checkout for almost 99% of their customers NEW YORK–(BUSINESS WIRE)–Riskified, Ltd. (NYSE: RSKD), a fraud management platform enabling frictionless Ecommerce, and Axerve, a leading Italy-based payments hub that has developed a platform for orchestrating payments worldwide, have launched […]

Affinity Plus Eliminates Non-Sufficient Fund Fees, Reduces Overdraft Fees thumbnail

Affinity Plus Eliminates Non-Sufficient Fund Fees, Reduces Overdraft Fees

First credit union in state to make these moves to protect more vulnerable members; changes fuel financial health of growing membership ST. PAUL, Minn.–(BUSINESS WIRE)–Affinity Plus Federal Credit Union (Affinity Plus), one of the fastest growing credit unions in Minnesota, just became the state’s first to both eliminate outdated non-sufficient funds fees (NSFs) and to […]

DHgate Announces New Group Organizational Structure, with a Clear Focus on Strengthening Its Rebranded One-Stop Social Commerce SaaS Platform MyyShop thumbnail

DHgate Announces New Group Organizational Structure, with a Clear Focus on Strengthening Its Rebranded One-Stop Social Commerce SaaS Platform MyyShop

BEIJING–(BUSINESS WIRE)–#carnival–DHgate, the leading cross-border e-commerce marketplace in China, held its annual Seller Conference 2022 today in Shenzhen, China. Diane Wang, Founder, Chairperson, and CEO of DHGATE Group, announced that DHgate.com has officially evolved into DHGATE Group. The new DHGATE Group structure will be powered by the dual business engines of centralized DHgate and de-centralized […]

FinTech Acquisition Corp. V and eToro Mutually Agree to Terminate Merger Agreement

FinTech Acquisition Corp. V and eToro Mutually Agree to Terminate Merger Agreement

NEW YORK–(BUSINESS WIRE)–FinTech Acquisition Corp. V (NASDAQ: FTCV) (“FinTech V”), a publicly-traded special purpose acquisition company, and eToro Group Ltd (“eToro” or the “Company”), the leading social investing network, announced today that they have mutually agreed to terminate their previously announced agreement and plan of merger (the “Merger Agreement”), effective immediately. The proposed merger, initially […]

Bluestone Partners With Thoughtworks to Launch New Digital Lending Platform thumbnail

Bluestone Partners With Thoughtworks to Launch New Digital Lending Platform

SYDNEY–(BUSINESS WIRE)–Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation has partnered with Bluestone, the home loans solutions organization, to launch a full suite of modern digital capabilities that elevate the broker and borrower experience across the home loan life cycle. A fast-growing, full-service lender providing residential […]

Centauri Health Solutions Receives the 2022 Inno Fire Award as the Top Healthcare Company Setting the Arizona Innovation Economy Ablaze thumbnail

Centauri Health Solutions Receives the 2022 Inno Fire Award as the Top Healthcare Company Setting the Arizona Innovation Economy Ablaze

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–#innofireaward–Centauri Health Solutions was honored as one of the fastest-growing, innovative, and impactful startup companies in Arizona at an awards ceremony in Scottsdale on June 30. AZ Inno, the state’s main news source for information on the startup community, presented Centauri with its inaugural Inno Fire Award as the winner in the Healthcare/Biotech […]

Future Family Announces 0% Interest Rate Financing For Fertility Treatments thumbnail

Future Family Announces 0% Interest Rate Financing For Fertility Treatments

The Finance Platform is Partnering with CCRM Fertility to Offer the First-Of-Its-Kind Plan to Patients SAN FRANCISCO–(BUSINESS WIRE)–Today, Future Family, the only fertility finance platform to pair a modern fintech experience with client care and wellness support, announced that it will add a 0% interest rate fertility financing program to its offerings. This first-of-its-kind plan […]

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