Globe Newswire

Open Source Strategy Forum Announces 2018 Event in London and Opens Call for Papers thumbnail

Open Source Strategy Forum Announces 2018 Event in London and Opens Call for Papers

Gabriele Columbro Executive Director, Symphony Software Foundation Jim Jagielski Co-Founder and Vice Chairman, Apache Software Foundation PALO ALTO, Calif., March 06, 2018 (GLOBE NEWSWIRE) — Symphony Software Foundation (the Foundation), the nonprofit organization fostering open source software innovation in financial services, will be hosting its second Open Source Strategy Forum on November 14, 2018. Following […]

Future of Digital Banking Report 2018 with Profiles of Players Across Internet & Mobile Banking, Cloud, Mobile Wallet, Payment Gateway, Crypto-Currencies, Big Data and Security Service Providers

Future of Digital Banking Report 2018 with Profiles of Players Across Internet & Mobile Banking, Cloud, Mobile Wallet, Payment Gateway, Crypto-Currencies, Big Data and Security Service Providers

Dublin, Feb. 28, 2018 (GLOBE NEWSWIRE) — The “Future of Digital Banking” report has been added to ResearchAndMarkets.com’s offering. The report includes a detailed analysis of the market, the opportunities in digital banking, the ecosystems and emerging models and a brief profile of players across internet & mobile banking, cloud service, mobile wallet, payment gateway, […]

Volante Technologies supports SWIFT Standards Release 201

Volante Technologies supports SWIFT Standards Release 201

Immediate support ensures Volante clients can avoid the non-compliance challenges of mandated standards change in cross border payments and trade finance New York, NY, Feb. 26, 2018 (GLOBE NEWSWIRE) — NEW YORK, LONDON, DUBAI, MEXICO CITY, 26 February 2018 – Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments […]

Global Banking Recovery Stalls, as Risk and Regulatory Costs Bite thumbnail

Global Banking Recovery Stalls, as Risk and Regulatory Costs Bite

Bank Value Creation Weakens Worldwide, Eroded by Rising Risk, Regulation, and Compliance Costs, and Heavy Penalties; Four Initiatives Are Critical for Risk Management Agenda, Says Report by The Boston Consulting Group Financial Penalties on Banks for Noncompliance Rose Financial Penalties on Banks for Noncompliance Rose NEW YORK, Feb. 22, 2018 (GLOBE NEWSWIRE) — A decade […]

Confluence and ICE Data Services to Help Firms Meet SEC Modernization Reporting Requirements

Confluence and ICE Data Services to Help Firms Meet SEC Modernization Reporting Requirements

Pittsburgh, PA, Feb. 20, 2018 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced an agreement with ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE), to help asset managers meet their compliance obligations with respect to SEC Modernization and other regulatory […]

Tech CU Provides $23 Million Construction Loan to W.L. Butler, Inc. to Develop a new Apartment Project Overlooking San Mateo’s Central Park

Tech CU Provides $23 Million Construction Loan to W.L. Butler, Inc. to Develop a new Apartment Project Overlooking San Mateo’s Central Park

SAN JOSE, Calif., Feb. 14, 2018 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that it is providing a $23 million construction loan to W.L. Butler, Inc. The loan will fund the development of a 60-unit apartment building overlooking Central Park in San Mateo. “We are thrilled to be able offer this financing […]

3D Innovations (3di) Reaches Impressive Milestone in Licensing Cost Avoidance on Behalf of Clients thumbnail

3D Innovations (3di) Reaches Impressive Milestone in Licensing Cost Avoidance on Behalf of Clients

LONDON, UNITED KINGDOM and NEW YORK, NY–(Marketwired – February 14, 2018) – 3d innovations, a data management software and services firm, today announced that in collaborating with financial institutions on data governance initiatives, the firm has reached an impressive figure of over USD one billion in cost avoidance. 3di have arrived at this positive checkpoint […]

Pilatus Bank Chairman Discusses Whether FinTech is the ultimate solution to our everyday banking needs thumbnail

Pilatus Bank Chairman Discusses Whether FinTech is the ultimate solution to our everyday banking needs

Pilatus Bank Chairman Ali Sadr Pilatus Bank Chairman Ali Sadr LONDON, Feb. 05, 2018 (GLOBE NEWSWIRE) — We are living amid a constantly evolving digital landscape. FinTech startups and challenger banks are continuously launching new advanced digital products on the market. Consumers, being blown away by flashy technologies, demand for their banks to reinvent themselves […]

Northrim BanCorp Earns $13.2 million, or $1.88 per Diluted Share, in 2017 Gain from Sale of Subsidiary, Revaluation of Deferred Tax Assets, and Other Non-Operating Items Impact Profits

Northrim BanCorp Earns $13.2 million, or $1.88 per Diluted Share, in 2017 Gain from Sale of Subsidiary, Revaluation of Deferred Tax Assets, and Other Non-Operating Items Impact Profits

ANCHORAGE, Ala., Jan. 29, 2018 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported profits for both the fourth quarter and full year in 2017. Net income attributable to the Company (“net income”) was $13.2 million, or $1.88 per diluted share, in 2017, compared to $14.4 million, or $2.06 per diluted […]

Pilatus Bank COO addresses the challenges banks face in their quest for digital transformation thumbnail

Pilatus Bank COO addresses the challenges banks face in their quest for digital transformation

Pilatus Bank Chief Operating Officer Luis Felipe Rivera Pilatus Bank Chief Operating Officer Luis Felipe Rivera LONDON, Jan. 11, 2018 (GLOBE NEWSWIRE) — The reality is that fintech startups and challenger banks are threatening to make a major dent in the banking industry as a result of the emergence of digital technology. As an endless […]

SALT’s Lending Platform to Allow WAX Tokens as Collateral for Loans

SALT’s Lending Platform to Allow WAX Tokens as Collateral for Loans

DENVER, Dec. 20, 2017 (GLOBE NEWSWIRE) — Following its successful token generation event, WAX today announced it will use blockchain-backed loan platform SALT to allow token holders to use WAX as collateral for cash loans.  WAX token holders will be able to keep their cryptocurrency assets, including gaming skins and crypto collectibles, while accessing cash […]

Chairman of Pilatus Bank gives a sobering speech concerning customer trust in the banking and fintech industries at Wealth 2.0 conference thumbnail

Chairman of Pilatus Bank gives a sobering speech concerning customer trust in the banking and fintech industries at Wealth 2.0 conference

Pilatus Bank Chairman Ali Sadr Pilatus Bank Chairman Ali Sadr LONDON, Dec. 20, 2017 (GLOBE NEWSWIRE) — In banking and fintech, the most important commodity is “trust.” Ali Sadr, Chairman of Pilatus Bank, believes that it is important to recognize where the banking industry stands relative to other industries on the trust scale. The automotive […]

Confluence Predicts RegTech Will Make Way for “DataTech” Movement in Fund Services Operations in 2018

Confluence Predicts RegTech Will Make Way for “DataTech” Movement in Fund Services Operations in 2018

As regulatory uncertainty continues and SEC Modernization becomes reality, Confluence predicts broader data-centricity in business operations and the adoption of data analytics in fund compliance and governance Pittsburgh, PA and London, Dec. 18, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced a […]

Confluence Wins “Best Use of the Agile Methodology” at 2017 American Financial Technical Awards thumbnail

Confluence Wins “Best Use of the Agile Methodology” at 2017 American Financial Technical Awards

Pittsburgh, PA, Dec. 12, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, has been awarded “Best Use of the Agile Methodology” at the 2017 American Financial Technical Awards (AFTAs), hosted by Waters magazine and WatersTechnology.com. This marks the second year in a row that […]

Tech CU Named One of Silicon Valley’s Most Philanthropic Companies for the Third Consecutive Year; Launches Holiday Campaign to Benefit Family Giving Tree

Tech CU Named One of Silicon Valley’s Most Philanthropic Companies for the Third Consecutive Year; Launches Holiday Campaign to Benefit Family Giving Tree

SAN JOSE, Calif., Dec. 08, 2017 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) today announced that it was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, an honor the company has received for the past three years. Additionally, this holiday season, Tech CU announced it will be working closely […]

Confluence Appoints Bill Kinnard as Vice President of Client Experience

Confluence Appoints Bill Kinnard as Vice President of Client Experience

Seasoned Asset Management Fintech Leader to Focus on Client Servicing Pittsburgh, Nov. 28, 2017 (GLOBE NEWSWIRE) — Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting, today announced the appointment of William “Bill” Kinnard as Vice President of Client Experience. Kinnard has over 18 years of experience in leading […]

Pilatus Bank advises a fintech strategy can be as much of a challenge as an opportunity for the majority of banks thumbnail

Pilatus Bank advises a fintech strategy can be as much of a challenge as an opportunity for the majority of banks

Pilatus Bank COO Luis Rivera Pilatus Bank COO Luis Rivera We are living in a constantly evolving digital landscape says Pilatus Bank. Fintech startups and challenger banks are continuously launching innovative and advanced digital products on the market. Consumers experience instant gratification with immediate access to the latest technologies via their always-on mobile phones, Wi-Fi-connected […]

Future of Digital Banking Markets Report 2017: Across Internet & Mobile Banking, Cloud Service, Mobile Wallet, Payment Gateway, Crypto-Currencies, Big Data & Security Service Providers

Future of Digital Banking Markets Report 2017: Across Internet & Mobile Banking, Cloud Service, Mobile Wallet, Payment Gateway, Crypto-Currencies, Big Data & Security Service Providers

Dublin, Nov. 20, 2017 (GLOBE NEWSWIRE) — The “Future of Digital Banking” report has been added to Research and Markets’ offering. This report on the Future of Digital Banking’ offers banks looking to invest in their digital banking initiatives, and fintech companies looking to address this market, a single source of information and objective assessments […]

Built Technologies Raises $21 Million Series A to Transform Construction Lending Industry

Built Technologies Raises $21 Million Series A to Transform Construction Lending Industry

Funding led by Index Ventures will enable construction lending innovator to capitalize on accelerated growth, deepen team, and bolster investments in data utilization for industry NASHVILLE, Tenn., Nov. 15, 2017 (GLOBE NEWSWIRE) — Built, the Nashville, TN based technology company bringing construction lending into the digital age, today reached a pivotal point in the company’s […]

Volante Technologies and open banking experts Open Vector announce partnership

Volante Technologies and open banking experts Open Vector announce partnership

Bringing a much needed, rapidly implementable end-to-end open banking solution to clients across the globe NEW YORK, NY and LONDON, UNITED KINGDOM and DUBAI, UNITED ARAB EMIRATES and MEXICO CITY, MEXICO–(Marketwired – November 15, 2017) – Volante Technologies Inc.,a global provider of software for the integration, processing and orchestration of payments and financial messages on […]

Confluence Asset Management Survey: 83% Predict Fundamental Change To Their Operating Models in the Next 24 Months

Confluence Asset Management Survey: 83% Predict Fundamental Change To Their Operating Models in the Next 24 Months

• Regulatory requirements and technology innovation seen as driving back-office transformation • Results also find growing urgency to centralize data and automate processes Pittsburgh, PA, Nov. 14, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today released the results of its 2017 Asset Management […]

Xenith Bankshares, Inc. Reports Third Quarter and Year-to-Date 2017 Results

Xenith Bankshares, Inc. Reports Third Quarter and Year-to-Date 2017 Results

RICHMOND, Va., Oct. 25, 2017 (GLOBE NEWSWIRE) — Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, announced financial results for the three and nine months ended September 30, 2017. The company reported net income of $7.158 million, or $0.30 per diluted share, for the third quarter of 2017. Results for the third quarter of […]

Jumio Records Largest Sales Quarter to Date, Extends its Leadership in Financial Services to the Bitcoin and ICO Markets

Jumio Records Largest Sales Quarter to Date, Extends its Leadership in Financial Services to the Bitcoin and ICO Markets

Demand for bitcoin is triggering the top cryptocurrency exchanges and ICO issuers to leverage Jumio’s Netverify to increase investor trust, improve credibility, and comply with emerging compliance directives PALO ALTO, CA–(Marketwired – Oct 23, 2017) – Jumio Corporation today announced that Q3 sales increased 411 percent year-over-year as a result of increased sales in the […]

Too-big-to-fail banks need to revisit their fintech strategy as it might pose a systemic risk, explains the Chairman of Pilatus Bank

Too-big-to-fail banks need to revisit their fintech strategy as it might pose a systemic risk, explains the Chairman of Pilatus Bank

LONDON, Oct. 19, 2017 (GLOBE NEWSWIRE) — The global economic system has long been affected by financial institutions being so large and interconnected that their failure could bring about an enormous financial crisis. Ali Sadr, Chairman of Pilatus Bank, believes that this has led to a complacency that potentially could impose a systemic risk on […]

PhillipCapital is a New Customer of Validus

PhillipCapital is a New Customer of Validus

AUSTIN, Texas, Oct. 18, 2017 (GLOBE NEWSWIRE) — Eventus Systems, Inc. (“Eventus”), a provider of innovative regtech software solutions, announced that Phillip Capital Inc. (“PhillipCapital”) is a client of its Validus risk and surveillance platform.  Validus provides a centralized view of trading, operations, surveillance, compliance and risk management information for a wide range of financial […]

Banks, Under Pressure, Must Act to Protect Customer Relationships in Payments

Banks, Under Pressure, Must Act to Protect Customer Relationships in Payments

As Diverse Digital Competitors Vie for Parts of the Payments Ecosystem, Incumbents Must Deepen Ties to Customers to Remain Dominant Players, Says Report by The Boston Consulting Group BOSTON, Oct. 16, 2017 (GLOBE NEWSWIRE) — Facing growing incursion from a diverse group of rivals—including digital giants, fintechs, device manufacturers, and retailers—banks need to reinvent their […]

Robert Reed Joins Tech CU as Chief Retail Banking Officer and Executive Vice President

Robert Reed Joins Tech CU as Chief Retail Banking Officer and Executive Vice President

Will Oversee Member Services and Retail Banking Functions SAN JOSE, Calif., Oct. 12, 2017 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that Robert Reed has joined the company as its new Chief Retail Banking Officer and Executive Vice President. He will be responsible for delivering an incredible member experience by leading the company’s […]

Newtek Small Business Finance Maintains Position as Largest Non-Bank SBA 7(a) Lender

Newtek Small Business Finance Maintains Position as Largest Non-Bank SBA 7(a) Lender

Ranked #7 Among All Bank and Non-Bank SBA 7(a) Lenders LAKE SUCCESS, N.Y., Oct. 10, 2017 (GLOBE NEWSWIRE) — Newtek Business Services Corp. (“Newtek” or the “Company”) (NASDAQ:NEWT), an internally managed business development company (“BDC”), today announced that its wholly owned subsidiary Newtek Small Business Finance, LLC (“NSBF”) maintained its position as the largest non-bank […]

Volante Technologies VolPay Hub Fully Tested, Qualified and Integrated with TokenOS to Accelerate Adoption of Open Banking

Volante Technologies VolPay Hub Fully Tested, Qualified and Integrated with TokenOS to Accelerate Adoption of Open Banking

Giving banks quick connectivity to members in the Token ecosystem NEW YORK, NY and LONDON, UNITED KINGDOM and DUBAI, UNITED ARAB EMIRATES and MEXICO CITY, MEXICO–(Marketwired – October 10, 2017) – Volante Technologies Inc., a global provider of payments and message integration software, today announced that VolPay Hub is fully tested, qualified and integrated with […]

Tech CU Introduces Commercial Solar Financing Program with Belvedere Solar Finance

Tech CU Introduces Commercial Solar Financing Program with Belvedere Solar Finance

Program Designed for Tech CU’s Commercial, Non-Profit and Government Members SAN JOSE, CA–(Marketwired – October 05, 2017) – Tech CU (Technology Credit Union), in conjunction with Belvedere Solar Finance, today announced that it is introducing a solar financing program for its commercial, non-profit and government members. The program will allow members to finance solar systems […]

Tech CU Launches Card Manager

Tech CU Launches Card Manager

Provides Debit and Credit Card Holders with Real-Time Visibility into Transactions and Control Over Card Features SAN JOSE, CA–(Marketwired – September 21, 2017) – Tech CU (Technology Credit Union) today announced the launch of Card Manager, an intuitive mobile app that allows Tech CU credit and debit card holders to: Control when and where cards […]

ETC Selects Eventus Systems for Its State of the Art Trading Risk Management Platform

ETC Selects Eventus Systems for Its State of the Art Trading Risk Management Platform

Validus Cloud, an innovative regtech software solution, to provide a centralized view into trading, operations, surveillance, and compliance AUSTIN, Texas, Sept. 14, 2017 (GLOBE NEWSWIRE) — Eventus Systems, Inc. (“Eventus”), a provider of innovative regtech software solutions announced that Electronic Transaction Clearing, Inc. (“ETC”) is now a client of its Validus risk and surveillance platform. […]

Jumio Doubles Sales in Q2 2017 by Helping Banks and Financial Institutions Reliably Know Their Customers thumbnail

Jumio Doubles Sales in Q2 2017 by Helping Banks and Financial Institutions Reliably Know Their Customers

Digital ID Verification Leader Opens Wall Street Presence to Better Serve U.S. Financial Services Customers PALO ALTO, CA–(Marketwired – Sep 6, 2017) – Jumio Corporation today announced that Q2 sales were up 87 percent year-over-year due to sales within the financial services sector, with large sales to major US banks, cryptocurrency exchanges, and payment platforms. […]

Tech CU Provides $3 Million Real Estate Loan to Fund the Acquisition of Commercial Property in San Jose, CA

Tech CU Provides $3 Million Real Estate Loan to Fund the Acquisition of Commercial Property in San Jose, CA

Credit Union Partners with Former Intero Owners Tom Tognoli and John Thompson to Help Fuel Local Economy SAN JOSE, CA–(Marketwired – September 05, 2017) – Tech CU (Technology Credit Union) announced today that it is providing a $3 million commercial real estate loan to property developers and real estate investors Tom Tognoli and John Thompson, […]

Tech CU Wins Desjardins Adult Financial Education and Dora Maxwell Social Responsibility Awards Two Years in a Row

Tech CU Wins Desjardins Adult Financial Education and Dora Maxwell Social Responsibility Awards Two Years in a Row

CUNA Awards Celebrate Tech CU’s Efforts to Teach Financial Education and Contribute to the Community SAN JOSE, CA–(Marketwired – August 10, 2017) – Tech CU (Technology Credit Union) today announced that it has won two CUNA awards: second place for the Desjardins Adult Financial Education award and an honorable mention for the Dora Maxwell Social […]

Symphony Software Foundation Sets Out to Build a New Fintech Innovation Model thumbnail

Symphony Software Foundation Sets Out to Build a New Fintech Innovation Model

Adds four new Silver Members: Arcontech, BankEX, Cloud9 Technologies and FinTech Studios PALO ALTO, CA–(Marketwired – July 25, 2017) – Symphony Software Foundation (the Foundation), the nonprofit organization fostering innovation in financial services through open source software (OSS), continues to build on its 2016 growth, paving the path for a new fintech innovation model based […]

Continuity Adds Alexandra Ramin to the Executive Team as Chief Product Officer

Continuity Adds Alexandra Ramin to the Executive Team as Chief Product Officer

Company seeks to expand its product leadership with a seasoned product & integration professional NEW HAVEN, Conn., July 17, 2017 (GLOBE NEWSWIRE) — To help continue adoption across the industry, expand product offerings and quickly integrate targeted acquisitions, the company has hired Alexandra Ramin as its new Chief Product Officer. Alexandra (Alex) brings two decades […]

IIROC Extends Contract with Nasdaq SMARTS, Bolsters Surveillance Technology

IIROC Extends Contract with Nasdaq SMARTS, Bolsters Surveillance Technology

TORONTO and NEW YORK, July 14, 2017 (GLOBE NEWSWIRE) — The Investment Industry Regulatory Organization of Canada (IIROC) and Nasdaq, Inc. (Nasdaq:NDAQ) have signed an agreement which extends the surveillance technology relationship between IIROC and Nasdaq’s SMARTS. In this new phase, IIROC will increase its capabilities in advancing its cross-market, multi-asset surveillance across five stock exchanges and eight […]

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