Techwire


Atlas Financial Holdings Announces Expansion of Credit Facility and Provides Business Update

CHICAGO–(BUSINESS WIRE)–Atlas Financial Holdings, Inc. (OTC: AFHIQ) (“we,” “us,” “our,” “Atlas” or the “Company”) today announced the expansion of the Company’s existing Convertible Senior Secured Delayed-Draw Credit Agreement (“Credit Facility”), adding new lenders and an additional $3.2 million of funding. The maturity date of the Credit Facility was also extended to June 30, 2024. Additional […]

TSG Recognizes Leading Payment Gateways with 2022 API Awards

Recognized companies include Adyen, CSG Forte, Fortis, FIS, and North American Bancard Omaha, NE, June 15, 2022 (GLOBE NEWSWIRE) — The Strawhecker Group (TSG), a globally recognized analytics, intelligence, and consulting firm in the payments industry, is pleased to recognize a selection of payments providers for their exceptional API offerings. The annual Best of Breed […]

Brazilian payments platform Destaxa raises $3.1 million seed round

Equity round led by Quona Capital will power Destaxa’s open payments platform that can optimize 90%+ of payment transactions in Brazil SÃO PAULO, Brazil, June 15, 2022 (GLOBE NEWSWIRE) — Destaxa, a payments platform that operates as a two-sided marketplace for payment acquirers and offline merchants in Brazil, announced today it has raised a $3.1 […]

MonetaGo Selected by the Association of Banks in Singapore to Deliver Trade Finance Registry

SINGAPORE & NEW YORK–(BUSINESS WIRE)–Financial technology solutions provider MonetaGo has been selected by the Association of Banks in Singapore (ABS) to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud. The TFR serves as a secure database for records of trade transactions financed […]

CITIC CLSA GOES EXTRAMILE; Collaboration leads to a new level of Greater Bay Area Fintech Collaboration

HONG KONG–(BUSINESS WIRE)–Goldhorse Capital Management (HK) Limited (“Goldhorse”), a Hong Kong fintech company today announced that it has signed co-operation agreements with affiliates of CITIC CLSA. CITIC CLSA is set to get further advanced in financial products distribution to the Extramile Community, while the fintech journey of CITIC Securities Wealth Management (HK) takes an advanced […]

“The Legit Ledger” Highlights Insights and Practical Tips on Blockchain-related Legal Issues

Sheppard Mullin’s Fourth Podcast Features Interviews with Thought Leaders and Blockchain Industry Professionals SAN FRANCISCO & WASHINGTON–(BUSINESS WIRE)–Sheppard, Mullin, Richter & Hampton LLP is pleased to announce the launch of The Legit Ledger, a new podcast hosted by Sheppard Mullin’s Blockchain and Fintech industry team members (including partners Jim Gatto and Yasamin Parsafar and associate […]

Martha’s Vineyard Bank Selects Finxact for Next-Gen Community Banking

The Bank and The Fintech Collaborative Will Partner with Finxact and Fiserv to Drive Digital Transformation JACKSONVILLE, Fla.–(BUSINESS WIRE)–Finxact, a Fiserv company and the leading provider of the next-gen banking platform to the U.S. regional and super-regional banking sector, today announced that Massachusetts-based Martha’s Vineyard Bank has selected Finxact to enable its innovation strategies. The […]

Trumid Chooses AtScale Semantic Layer to Drive Advanced Analytics and Data Science Initiatives

BOSTON–(BUSINESS WIRE)–#AI—AtScale, the leading provider of semantic layer solutions for modern business intelligence and data science teams, today announced that Trumid, a financial technology company and fixed income electronic trading platform, chose AtScale to build out its internal advanced analytics and data science capabilities. Trumid centralizes performance data from multiple sources into a Google BigQuery […]

North American Bancard receives Sustainability Certificate for data center facilities

Payments technology company boasts renewable energy credits for fifth consecutive year TROY, Michigan, June 14, 2022 (GLOBE NEWSWIRE) — North American Bancard, LLC, (NAB) a U.S.-based leader in electronic payment solutions, is pleased to announce that it has been awarded a Sustainability Certificate by Switch, the recognized world leader in sustainable data center design, development, […]

Vise Launches New Features to Help Financial Advisors Navigate Market Volatility

NEW YORK–(BUSINESS WIRE)–Vise, the technology company enabling financial advisors to build personalized portfolios for their clients in minutes, has enhanced its platform to give advisors greater efficiency and more options to tailor portfolios to their clients’ needs. The product launch comes amid a tumbling stock market, with the S&P 500 experiencing its biggest four-month drop […]

RFG Advisory Enters into Collaboration with CreoValo, the Industry’s First Outsourced Investment Bank Referral Service for Independent Wealth Advisors and Business Owners

CreoValo’s proprietary database of 6,000 investment banks will help RFG advisors identify investment bankers who can best serve the needs of their clients. BIRMINGHAM, Ala.–(BUSINESS WIRE)–#CreoValo–RFG Advisory “RFG”, an innovative and fast-growing platform for independent advisors, has entered into a collaboration with CreoValo, the industry’s first outsourced investment bank referral service for independent wealth advisors […]

Top-Ranked U.S. Men’s Professional Basketball Prospects Participate in New iShares Future Baller$ Program

New Program Designed to Inspire Greater Commitment to Long-Term Investing NEW YORK–(BUSINESS WIRE)–BlackRock announced today the launch of the iShares Future Baller$ Program supporting top-ranked U.S. men’s professional basketball prospects as they work to achieve long-term financial well-being. The iShares Future Baller$ team includes five of the game’s most promising new stars: Bennedict Mathurin, E.J. […]

XTM Launches Three Large U.S. Restaurant Chains to Its Today™ Program for Digital Staff Payout

Payment Initiated for Hospitality Staff Working Across 50+ U.S Rooftops MIAMI & TORONTO–(BUSINESS WIRE)–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 that it has signed agreements with three […]

Splunk Helps Nubank Deliver Digital Banking to Millions

One of the Largest Digital Banking Platforms in the World Trusts the Splunk Cloud Platform to Enable and Optimize Business SAN FRANCISCO & LAS VEGAS–(BUSINESS WIRE)–#splunknews—.conf22— Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced Nubank is using the Splunk® Cloud Platform to help support nearly 60 million digital banking […]

.conf22: Splunk Delivers Advancements Across Products and Partner Community

New Capabilities Help Organizations Innovate With Greater Speed and Agility SAN FRANCISCO & LAS VEGAS–(BUSINESS WIRE)–#splunknews—.conf22–Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced new capabilities to power integrated security and observability on a shared data platform at its annual user conference, .conf22. New product enhancements to Splunk’s unified security […]

Blankfactor Sees Unprecedented Growth Building Dynamic Global Workforce to Serve the Financial Services Industry

Company Executive to Speak at Fintech South in Atlanta, June 14 – 15 MIAMI–(BUSINESS WIRE)–Blankfactor, a technology provider of end-to-end digital transformation solutions for financial services, has experienced significant growth in 2022. Driven by increased demand for custom solutions in the financial industry, the company has nearly tripled in size in the past 12-months, with […]

IQST – iQSTEL Announces 39% YTD Revenue Growth Through May To $33 Million

New York, NY, June 14, 2022 (GLOBE NEWSWIRE) — iQSTEL, Inc. (OTCQX: IQST) today announced the company’s revenue for the month of May is $6.9 million based on preliminary accounting. The company’s year-to-date (YTD) revenue through the end of May based on the preliminary accounting is over $33 million representing an increase of 39% over […]

World Innovation Lab Raises $1 Billion to Bridge the Innovation Gap Across the Global Venture Ecosystem

Influx of capital will fuel WiL Ventures III fund, WiL Strategic Partners funds and Corporate Venture Capital funds; WiL’s capital commitments now exceed $1.9 billion WiL’s mission: bridge the innovation gap between Japan, the US and the rest of the world WiL’s investment thesis: provide growth investment capital for innovators across the spectrum of digital […]

Cover Genius Expands Market Reach with XCover Go for Merchants

Available on leading e-commerce websites, the app enables businesses to offer warranty and shipping protection to global customers NEW YORK, June 14, 2022 (GLOBE NEWSWIRE) — Cover Genius, the leading insurtech for embedded insurance, announced its expansion into the middle-market with XCover Go. The app enables small-to-medium-sized businesses to offer price-optimized warranty and shipping protection […]

CRISIL Selects BackBay Communications as Agency of Record

Leading, Agile and Innovative Global Analytics Company Selects Financial Services PR Firm BackBay BOSTON–(BUSINESS WIRE)–CRISIL, an S&P Global company, has selected BackBay Communications as its international agency of record in the United States, United Kingdom, and European Union markets. BackBay is an integrated financial services public relations, content development, and digital marketing agency with dedicated […]

GreenBox POS and Territorial Bank of American Samoa launch technology platform and commence services to modernize payments for businesses and consumers

Named exclusive payment technology provider for TBAS in 2021, GreenBox is now deploying its secure, state-of-the-art platform to deliver merchant and money transmission services, credit and debit card processing and more SAN DIEGO, June 14, 2022 (GLOBE NEWSWIRE) — GreenBox POS (NASDAQ: GBOX), a financial technology company that leverages proprietary blockchain security and token technology […]

Quavo Partners with Qolo to Reduce Dispute Processing Costs Using Automation

This partnership aims to simplify the process of payments, including fraud and dispute management Ft. Lauderdale, FL and Wilmington, DE, June 14, 2022 (GLOBE NEWSWIRE) —  Quavo Fraud & Disputes, the leading provider of cloud-based fraud and dispute management SaaS solutions for issuers, announced its partnership with the omnichannel payments platform Qolo to reduce dispute […]

Viva Capital Funding Completes $18.5 Million Investment Grade Notes Offering

Featured Image for Viva Capital Funding, LLC Featured Image for Viva Capital Funding, LLC EL PASO, Texas, June 14, 2022 (GLOBE NEWSWIRE) — Viva Capital Funding, LLC (“Viva”), a leading invoice factoring specialty finance company, announced today the closing of $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was […]

GBT’s New Approach ALU (Arithmetic Logic Unit), Nonprovisional Patent Published on June 2, 2022

SAN DIEGO, June 14, 2022 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”, or the “Company”), announced that its new approach Arithmetic Logic Unit (“ALU”) microchip IP, non-provisional patent application #17109889, was published with the United States Patent and Trademark Office (“USPTO”) on June 2, 2022. An ALU is a circuit that performs arithmetic […]

Family First Funding Implements SimpleNexus to Provide Borrowers a Streamlined, Single Sign-on Homebuying Experience

Mortgage lender implements Nexus Engagement, Nexus Origination and Nexus Closing to support borrowers and loan originators with ‘from anywhere’ mortgage technology LEHI, Utah, June 14, 2022 (GLOBE NEWSWIRE) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the United States’ leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, […]

Biz2X Named to American Banker’s ‘Top Fintech Workplaces’ List as Demand for Digital Lending Platforms Grows

Award-winning online platform for banks and other lenders expands operations as industry growth remains strong NEW YORK, June 14, 2022 (GLOBE NEWSWIRE) — Biz2X, a subsidiary of Biz2Credit and the leading online digital lending platform for business lending at banks and financial institutions around the world, announced today that it has been named to American […]

New report reveals FinTechs increasingly focused on ethical and sustainable growth

The Payment Association’s new research identifies sustainability superheroes working within the FinTech industry at the forefront of making ethical and sustainable growth The report offers businesses advice, inspiration and real-world best practices, consisting of case studies from Mastercard, FIS and Algbra The project also shows that The Payment Association’s members are making significant progress towards […]

Digital Banking and Payments Start-up Revolut Partners With Vonage to Improve Customer Service Experience

Revolut, which already uses the Vonage SMS API for customer authentication, will benefit from a fully-integrated experience and single source of customer support LONDON–(BUSINESS WIRE)–Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, today announced that global financial super app Revolut has selected the Vonage Contact Center (VCC) for […]

EagleBank Provides Financing for Affordable Housing in Columbia Heights Neighborhood of Washington, DC

Funding will support the refinancing and pre-development costs of a more than 125-unit affordable housing property in the Columbia Heights Neighborhood of Washington, DC BETHESDA, Md., June 14, 2022 (GLOBE NEWSWIRE) — EagleBank, one of the largest community banks in the Washington, D.C. area, today announced it provided $25MM for the refinancing and pre-development costs […]

$147 Billion Payment Processing Solutions Markets, 2027: Debit Card, Credit Card, eWallets, ACH, On-premises, Cloud-based, BFSI, Government & Utilities, Telecom & IT, Healthcare

Global Payment Processing Solutions Market Global Payment Processing Solutions Market Dublin, June 14, 2022 (GLOBE NEWSWIRE) — The “Global Payment Processing Solutions Market by Payment Method (Debit Card, Credit Card, eWallets, ACH), Deployment Type (On-premises, Cloud-based), Vertical (BFSI, Government & Utilities, Telecom & IT, Healthcare), and Region – Forecast to 2027” report has been added […]

Finteum: NatWest Group, BNY Mellon, Barclays and 11 Additional Banks Trial Intraday FX Swap and Repo Trading Platform

Finteum Overview An explanation of how banks can leverage the Finteum Platform Fourteen large banks have trialled a platform for intraday FX swaps and intraday repo and a subset of so-called ‘Key Participant’ banks are planning to go live Intraday FX swaps are an important innovation for banks, where traditionally the shortest tenor transactions are […]

Root, Inc. Set to Join Russell 3000® Index

COLUMBUS, Ohio, June 13, 2022 (GLOBE NEWSWIRE) — Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022 […]

Paul W. Taylor Named President of PacWest Bancorp and Pacific Western Bank

LOS ANGELES, June 13, 2022 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) (the “Company”) and Pacific Western Bank (the “Bank”) announced today the appointment of Paul W. Taylor as President of both the Company and the Bank effective July 1, 2022. Mr. Taylor currently serves as a Director of the Company and the Bank and […]

LeaseQuery Recognized by SIIA as Best FinTech Solution

LeaseQuery Earns Prestigious Industry Recognition ATLANTA–(BUSINESS WIRE)–LeaseQuery, a leading provider of software built to simplify the complexities of accounting, has been named the best FinTech Solution of 2022 as part of the annual SIIA CODiE Awards. The CODiE Awards recognize the companies producing the most innovative business technology products across the country, and around the […]

Model Match and Total Expert Team-up to Launch Enhanced Outreach Capabilities to Priority Prospects

Talent management solution provider and leading fintech software company combine their technology to help lenders and recruiting teams deliver highly-targeted content directly to talent SAN CLEMENTE, Calif.–(BUSINESS WIRE)–Model Match, the only talent management system (TMS) intentionally designed for the mortgage industry, has partnered with Total Expert, the CRM and customer engagement platform purpose-built for modern […]

ICE Best Execution Platform Expands Coverage to Over 2 Million Fixed Income Securities

New viewer allows for optimized usage across the front-, middle- and back-office ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced enhancements to its Best Execution service, which more than doubles coverage to over 2 million fixed income instruments. This product expansion includes […]

Clover Sport Enhances Fan Experiences and Streamlines Stadium Operations Globally

More than 300 sports and entertainment venues are innovating fan interactions via point-of-sale hardware, software and specialized services BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling arenas, stadiums and entertainment venues of all sizes to deliver next generation fan experiences and foodservice operations with […]

Certegy and Trust Payments to Collaborate on Offerings to Enhance Online Shopping Experiences

CLEARWATER, Fla. & ROSWELL, Ga.–(BUSINESS WIRE)–Certegy, a leading ACH payments and risk management company, today announced a new collaboration with Trust Payments, the disruptive leader in fintech specializing in frictionless commerce and value-added services, that will bring Certegy’s white label Buy Now, Pay Later (BNPL) and BankPay offerings together with Trust Payments’ ecommerce and payment […]

GCM Grosvenor and Canoe Intelligence Announce New Technology Partnership to Drive Organizational Scale

CHICAGO and NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — Canoe Intelligence (“Canoe”), a financial technology company powering alternative investment intelligence and GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced a new partnership whereby GCM Grosvenor will implement Canoe’s technology to automate its manager document data extraction processes and help […]

Global Power Banks Market to Reach $16.1 Billion by 2026

Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares. -Market presence across multiple geographies – Strong/Active/Niche/Trivial. New York, June 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Power Banks Industry” – https://www.reportlinker.com/p05896300/?utm_source=GNW -Online interactive peer-to-peer collaborative bespoke updates -Access to our digital archives and MarketGlass Research […]