Techwire


Financial Institutions, Inc. Announces Third Quarter 2022 Results

WARSAW, N.Y., Oct. 27, 2022 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ:FISI) (the “Company” “we” or “us”), parent company of Five Star Bank (the “Bank”), SDN Insurance Agency, LLC (“SDN”), Courier Capital, LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”), today reported financial and operational results for the third quarter ended September 30, 2022. Net […]

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) […]

Pinnacle Bankshares Corporation Announces Record High Third Quarter and Year-to-Date 2022 Earnings

ALTAVISTA, Va., Oct. 27, 2022 (GLOBE NEWSWIRE) — Pinnacle Bankshares Corporation (OTCQX:PPBN), the one-bank holding company (the “Company” or “Pinnacle”) for First National Bank (the “Bank”), has produced record net income for the third quarter and through nine months of 2022. Net income for the third quarter of 2022 was $2,398,000, or $1.10 per basic […]

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 […]

Bigbank Unaudited Financial Results for 2022 Q3 and 9 Months

In the third quarter of 2022, Bigbank earned 14.3 million euros in net profit, which is 17.7% more than in the same period last year. The profit for the nine months of 2022 was 28.4 million euros, representing a year-over-year growth of 5.3 million euros (23.0%). Profit before loss allowances and income tax for the […]

Pacific Financial Corp Earns $2.9 Million, or $0.28 per Diluted Share, for Third Quarter of 2022; Declares Quarterly Cash Dividend of $0.13 per Share

ABERDEEN, Wash., Oct. 27, 2022 (GLOBE NEWSWIRE) — Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or the (“Company”), the holding company for Bank of the Pacific (the “Bank”), today reported net income of $2.9 million, or $0.28 per diluted share for the third quarter, compared to $1.6 million, or $0.15 per diluted share for the […]

OvationCXM Releases 2022 Financial Services CXM Impact Report Evaluating Customer Experience With Financial Institutions

The study notes an overwhelming frustration facing business owners during their banking experience TIBURON, Calif., Oct. 27, 2022 (GLOBE NEWSWIRE) — OvationCXM, a global leader in customer experience management (CXM), today announces the findings of its 2022 Financial Services CXM Impact Report. The company surveyed 4,073 business owners and operators in Q4 to uncover significant […]

Kearny Financial Corp. Announces First Quarter Fiscal 2023 Results and Declaration of Cash Dividend

FAIRFIELD, N.J., Oct. 27, 2022 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended September 30, 2022 of $16.5 million, or $0.25 per diluted share, compared to $11.4 million, or $0.17 per diluted share, for the quarter ended June 30, […]

Tricolor’s Staci Tubbs Honored as a Top Female Leader in Financial Technology

Tricolor’s Chief People Officer recognized for her contribution to the company’s success in reversing economic inequality and empowering financial inclusion for underserved Hispanics DALLAS, Oct. 27, 2022 (GLOBE NEWSWIRE) — Tricolor today announced that its Chief People Officer, Staci Tubbs, has been named one of the Top 25 Women Leaders in Financial Technology by The […]

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 […]

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 […]

Canadian Payments Research Bundle 2022: Canadian Payments Forecast Report & Canadian Consumer Payments Survey Report

Dublin, Oct. 27, 2022 (GLOBE NEWSWIRE) — The “Canadian Payments Bundle – 2022” report has been added to ResearchAndMarkets.com’s offering. The Canadian Payments Bundle – 2022 includes the reports Canadian Payments Forecast, 2022 and Canadian Consumer Payments Survey, 2022, for the full descriptions of each report please see below. Canadian Payments Forecast, 2022 Canadian Payments […]

Summit Financial Group Reports Third Quarter 2022 EPS of $1.11 on Continued Strong Loan and Revenue Growth

MOOREFIELD, W.Va., Oct. 27, 2022 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the third quarter of 2022, including continued strong earnings on growth in loans and total revenue. The Company, which serves commercial and individual clients across West Virginia, the Washington D.C. metropolitan area, Virginia […]

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 […]

Ashman Bank partners with nCino to bolster its tech platform, after being awarded first UK banking licence of the year

Partnership will support real estate lender with fast decision making and flexible credit offerings via a cloud-based platform LONDON, Oct. 27, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced its partnership with Ashman Bank, a new entrant bank with plans […]

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 […]

FS Bancorp, Inc. Reports Net Income for the Third Quarter of $8.5 Million or $1.08 Per Diluted Share and the Thirty-Ninth Consecutive Quarterly Dividend

MOUNTLAKE TERRACE, Wash., Oct. 26, 2022 (GLOBE NEWSWIRE) — FS Bancorp, Inc. (NASDAQ: FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank”) today reported 2022 third quarter net income of $8.5 million, or $1.08 per diluted share, compared to $8.3 million, or $0.98 per diluted share for the same quarter […]

Quaint Oak Bancorp, Inc. Announces Third Quarter Earnings

Southampton, PA, Oct. 26, 2022 (GLOBE NEWSWIRE) — Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today that net income for the quarter ended September 30, 2022 was $2.6 million, or $1.29 per basic and $1.22 per diluted share, compared to $1.8 million, or $0.89 […]

Live Oak Bancshares, Inc. Reports Third Quarter 2022 Results

WILMINGTON, N.C., Oct. 26, 2022 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2022 net income of $42.9 million, or $0.96 per diluted share. The third quarter of 2022 included a pretax gain of $28.4 million related to the sale of the Company’s investment […]

MercadoLibre, Inc. to Report Third Quarter 2022 Financial Results

MONTEVIDEO, Uruguay, Oct. 26, 2022 (GLOBE NEWSWIRE) — MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com) intends to release financial results for its third fiscal quarter ended September 30th, 2022, on November 3rd, 2022. The Company will host its earnings results video conference, as well as a conference call and audio webcast on November 3rd, at 5:00 p.m. […]

ORIGENCE DELIVERS A RECORD $62.1 BILLION IN CREDIT UNION LOANS THROUGH THE THIRD QUARTER OF 2022

Lenders Using Origence arc OS and CUDL Lending Systems Experience 24% Year-over-Year Growth Irvine, California, Oct. 26, 2022 (GLOBE NEWSWIRE) — Irvine, CA, October 26, 2022 — Origence, for the third consecutive quarter in 2022, and for the 4th straight quarter overall, has delivered a record amount in credit union loans through its lending platforms. […]

RBAZ Bancorp, Inc. Announces Unaudited Financial Results For the Quarter Ending September 30, 2022

Net Interest Income Improves 15% YoY Amidst Rate Pressure PHOENIX, Oct. 26, 2022 (GLOBE NEWSWIRE) — RBAZ Bancorp, Inc. (OTCIQ: RBAZ) (the “Company”), parent company of Republic Bank of Arizona (the “Bank” or “RBAZ”), announced a consolidated net income of $490,000, or $0.27 per share, for the quarter ended September 30, 2022 and $1,270,000, or […]

First National Bank announces Renewal of Contract with Financial Literacy Software Provider, EVERFI

ALTAVISTA, Va., Oct. 26, 2022 (GLOBE NEWSWIRE) — First National Bank (the “Bank” or “First National”) of Pinnacle Bankshares Corporation (OTCQX:PPBN), is pleased to announce a contract renewal with EVERFI to provide continued access to financial literacy software to local high schools with added access to financial literacy courses for adults. The contract renewal includes […]

Lake Shore Bancorp, Inc. Announces 2022 Third Quarter and Year to Date Financial Results and Declares Dividend

DUNKIRK, N.Y., Oct. 26, 2022 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.8 million, or $0.30 per diluted share, for the 2022 third quarter compared to net income of $1.7 million, or $0.29 per diluted share, […]

Ubiquity Retirement + Savings® Ranked #1 Small/Medium Size 401(k) Provider on Google Reviews, TrustPilot, and BBB

SAN FRANCISCO–(BUSINESS WIRE)–Ubiquity Retirement + Savings® (Ubiquity), a financial technology pioneer in flat-fee small business retirement plans, is number one in customer satisfaction among small business retirement plan providersi, according to Google Reviewsii. With 4.3/5 stars and hundreds of reviews, Ubiquity outranks the competition. Google Reviews is one of the most highly trusted, used, viewed […]

Bento Engine Launches “Life Events” to Provide Financial Advisors with Content Guidance for Key Milestones

These pivotal “Moments That Matter” provide golden opportunities to lead with advice across dozens of major life events, including getting married, buying a home and many more NEW YORK–(BUSINESS WIRE)–#AdviceTechLive—Bento Engine Inc. (“Bento”), a fintech empowering financial advisors to deliver proactive, comprehensive advice at scale to better serve clients, deepen relationships and convert more prospects, […]

Nutanix Accelerates Kubernetes Adoption in the Enterprise

Company Announces Expanded Kubernetes Ecosystem and Developer-Ready Infrastructure Services; Enables Enterprises to run Kubernetes at Scale and Cost-Effectively on the Nutanix Cloud Platform SAN JOSE, Calif.–(BUSINESS WIRE)–#HCI—Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced new features in its Cloud Platform to accelerate the adoption of Kubernetes running both at scale and cost-effectively. […]

Majesco Earns Spot on InsurTech100 List for Second Year in a Row

MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced that it was recognized by specialist research firm, FinTech Global, as a top 100 InsurTech company transforming the insurance industry. This is the fifth edition of the prestigious award, and second year in a row that Majesco has […]

Flash News: OKX opens markets for $KLAY; Offers wallet support for zkSync 2.0 Network

OKX Wallet will be one of the first multi-chain wallets to integrate the zkSync 2.0 network OKX has also enabled USDC margin trading for five more tokens and launched a BTC trading market VICTORIA, Seychelles, Oct. 26, 2022 (GLOBE NEWSWIRE) — World-leading cryptocurrency platform OKX has issued the below updates for the week beginning October […]

Oklahoma-Based Community Bank Partners with Fintech to Streamline Lending Processes

First Pryority Bank selects Teslar Software to better track exceptions, increase efficiencies SPRINGDALE, Ark.–(BUSINESS WIRE)–First Pryority Bank, a member FDIC bank, and Teslar Software today announced their partnership to expedite and streamline processes across the bank’s loan department. The Pryor Creek, Okla.-based bank has grown substantially over the past three years and will leverage Teslar’s […]

Future Family Launches the First Family Care Financial Benefit for Employers

The DEI-focused benefit, designed for tech companies and SMBs on a budget, provides comprehensive financial support for fertility, family-building and everything that follows SAN FRANCISCO–(BUSINESS WIRE)–Future Family, the leading platform for family-building with flexible financial plans and concierge support services, announced today the launch of its first product for employers. This game-changing benefits program allows […]

Unicorn Strategic Partners and iCapital® Partner to Provide LATAM Wealth Managers With Access to Institutional-Quality Alternative Investment Opportunities

iCapital and UnicornSP bring a diversified menu of private market and hedge funds from iCapital’s flagship platform to wealth managers and their clients in the region MIAMI, ZURICH & NEW YORK–(BUSINESS WIRE)–Unicorn Strategic Partners (UnicornSP), a leading distribution partner to asset managers, and iCapital1, the global fintech platform driving access to alternative investments for the […]

New Hanover Community Endowment Selects BlackRock as Investment Advisor and Manager

NEW YORK & NEW HANOVER, N.C.–(BUSINESS WIRE)–New Hanover Community Endowment (NHCE) today announced the appointment of BlackRock as its investment advisor and manager in the oversight of approximately $1.1 billion in community endowment assets. The partnership between the two organizations, combining BlackRock’s investment expertise and the forward-looking vision of NHCE’s leadership and Investment Committee, will […]

Direct Carrier Billing Platform Global Market Report 2022: Widespread Popularity of OTT Streaming Services Provides Boost to Sector Growth

Global Direct Carrier Billing Platform Market Global Direct Carrier Billing Platform Market Dublin, Oct. 26, 2022 (GLOBE NEWSWIRE) — The “Direct Carrier Billing Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global direct carrier billing platform market size reached US$ 236.5 Million in […]

Nium Partners with Zero Hash to Power Industry Leading B2B Crypto Experiences

Nium, The Modern Money Movement platform, will leverage Zero Hash to enable businesses to offer crypto payments to their end customers CHICAGO, Oct. 26, 2022 (GLOBE NEWSWIRE) — Nium, the global platform for Modern Money Movement, today announced a partnership with B2B2C crypto infrastructure platform Zero Hash. The partnership allows for Nium’s customers to leverage […]