Techwire


River City Bank Reports 2022 First Quarter Net Income of $16.4 Million

Featured Image for River City Bank Featured Image for River City Bank SACRAMENTO, Calif., April 20, 2022 (GLOBE NEWSWIRE) — River City Bank (the Bank) reported net income of $16.4 million, or $11.10 per diluted share, for the quarter ending March 31, 2022, which compares favorably to the $15.6 million, or $10.62 per diluted share, […]

Pinpoint Predictive Announces Partnership With Ohio Mutual Insurance Group

SAN MATEO, Calif.–(BUSINESS WIRE)–#BehavioralEconomics–Pinpoint Predictive is pleased to announce a new partnership with Ohio Mutual Insurance Group, through which the two organizations will use applied data and analytics to more accurately predict and evaluate loss risk for the mutual insurer. Industry experts estimate that the average U.S. family pays up to $700 in extra insurance […]

Buckle’s Licensed Carrier Gateway Insurance Company Receives “Exceptional” Demotech Financial Stability Rating

JERSEY CITY, N.J.–(BUSINESS WIRE)–#Buckleup—Buckle, a financial services company serving the gig economy and rising middle class, announced its licensed carrier, the Gateway Insurance Company, has been assigned the Financial Stability Rating® of A, Exceptional by Demotech, Inc., based on year-end 2021 results. Financial stability ratings are a leading indicator of the financial stability of property […]

Spiff Launches New Integrations with Financial and HR Systems in Its Spring Release

In its latest product rollout, Spiff introduces additional innovative features to automate, simplify, and bring real-time visibility into commissions across organizations SALT LAKE CITY–(BUSINESS WIRE)–#SPM–Managing hundreds of sales commissions structures across continents has increased the complexity of the process for enterprise finance professionals. In an effort to reduce the time finance teams spend on this […]

New Fiserv Core Platform Enhancements Tackle Key Client Challenges

From planning and design to ongoing evaluation and feedback, Fiserv clients provide invaluable direction on new core experience BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, is enabling enhanced customer servicing, training, deployment flexibility and staffing with the launch of a new user experience for the […]

Discover Launches Free Benefit to Help Customers Remove Personal Information From 10 Popular Data-Collecting Websites

More than 70% of consumers are interested in having their personal data removed from people-search websites, according to new survey* RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover today announced the launch of Online Privacy Protection, a new, free benefit for customers that helps remove their personal information from 10 popular websites that collect and sell user information. This benefit […]

Southwest Louisiana Credit Union Deploys Scienaptic’s AI-Powered Credit Underwriting Platform

Deployment aims to improve loan approval rate and automate decisions NEW YORK–(BUSINESS WIRE)–#AI–Leading global AI-powered credit decision platform provider Scienaptic AI announced today that Southwest Louisiana Credit Union has selected its platform for automated and enhanced credit decisioning. Southwest Louisiana Credit Union, formerly known as PPG Employees Credit Union, was established in 1952 as a […]

Linedata Strengthens Presence in Latin America with New Office in Mexico

Building on strong relationships and successful projects with major credit institutions such as NR Finance México, the Mexico City office will enable increased proximity and delivery capabilities in the LATAM region PARIS & MEXICO & BOSTON & NEW YORK & SEATTLE & TORONTO & LONDON–(BUSINESS WIRE)–Linedata (Euronext Paris: LIN), global provider of asset management and […]

Founders Federal Credit Union Completes Successful Migration to Corelation, Cites IMM’s eSign Conversion Services as Pivotal to Success

Credit union eliminates 22% of member-facing documents, boosts efficiencies across organization and improves member experience RAHWAY, N.J.–(BUSINESS WIRE)–#DigitalTransformation—IMM, the only eSignature provider specializing in eSignature and digital transaction solutions exclusively for financial institutions, announced today its conversion services was instrumental in the successful migration of long-time client, Lancaster, S.C.-based Founders Federal Credit Union, to a […]

Global Insurance Company Tokio Marine Launches Tokio Marine Future Fund, a $42M CVC Arm to Support Early-Stage Startups

Headquartered in Silicon Valley, Tokio Marine Future Fund will be an inaugural Corporate Venture Capital (CVC) fund that will deploy venture capital thematically across sectors including insurtech, fintech, mobility, health care, cybersecurity, AI/ML, climate risk and sustainability Tokio Marine Future Fund has partnered with venture firm World Innovation Lab (WiL) to drive the new fund’s […]

WizarPOS Mobile Terminals Acquired OmniPay Platform Certification of European Merchant Services

The Android POS Leader Expanded Footprint in Europe WizarPOS Fiserv OmniPay Certification WizarPOS Fiserv OmniPay Certification LOS ANGELES, April 20, 2022 (GLOBE NEWSWIRE) — WizarPOS, a trailblazer in Android POS and payment systems, announces today its flagship mobile POS, Q2 and Q3, obtained the OmniPay certificate provided by Fiserv, a subsidiary of European Merchant Services (EMS). This authorized certification entails mainstream […]

FamilyWealth Named to WealthTech 100 List

FamilyWealth recognized in the 2022 WealthTech 100, a comprehensive list of the most innovative firms worldwide in the financial services industry. FamilyWealth FamilyWealth Advisers WealthTech 100 2022 WealthTech 100 Award DENVER, April 20, 2022 (GLOBE NEWSWIRE) — Leading financial services firm FamilyWealth, a Denver, Colorado-based registered investment advisory firm, has been selected to the WealthTech […]

Aite-Novarica Group Announces the Launch of Financial Services CIO/CTO Advisory Practice

Mitch Wein will head up the firm’s practice dedicated to C-level insights, decision support, and networking for IT leaders in banking, payments providers, and securities/investment firms. Boston, MA, April 20, 2022 (GLOBE NEWSWIRE) — Aite-Novarica Group, an advisory firm providing mission-critical insights on technology, regulations, markets, and operations to banks, payments providers, insurers, and securities […]

AppTech Payments Appoints Julia Yu as Senior Vice President of Corporate Finance and Accounting

CARLSBAD, Calif., April 20, 2022 (GLOBE NEWSWIRE) — AppTech Payments Corp. (“AppTech”) (NASDAQ: APCX) a Fintech company powering commerce experiences, today announced the appointment of Julia Yu as Senior Vice President of Corporate Finance and Accounting. As the Company begins to expand payments globally, Julia will oversee AppTech’s accounting, finance, and reporting functions. In this […]

CardLab ApS Named Business World Magazine’s “Most Secure and Innovative Cyber Security Protection Solution”

The opportunity to invest in a world-leading Danish secure smart card solutions company is open to eligible investors, as the award-winning business reaches new milestones in Q1 2022. CardLab ApS “Most Secure and Innovative Cyber Security Protection Solution” by Business World Magazine, alongside four other nominations by World Business Outlook, including “Best Card Security Solutions […]

Skyward Specialty Enters Partnership With Tech-Enabled Propeller Bonds to Accelerate Transactional Surety Expansion

HOUSTON–(BUSINESS WIRE)–#goingskyward–Skyward Specialty Insurance Group, Inc. (“Skyward Specialty” or the “Company”), a leader in the specialty property and casualty (P&C) market, revealed today that it has entered into a new partnership with Propeller Inc. (“Propeller” or “Propeller Bonds”) to broaden the market access to the Company’s transactional bond capabilities. Skyward Specialty has a demonstrable track […]

PacWest Bancorp Announces Results for the First Quarter 2022

LOS ANGELES, April 19, 2022 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) – FIRST QUARTER 2022 RESULTS   $120.1M   $1.01   $162.1M   20.93%     Net Earnings   Diluted Earnings per Share   PPNR   ROATE   FIRST QUARTER 2022 HIGHLIGHTS Net Earnings of $120.1 Million or $1.01 Per Diluted Share PPNR of […]

Wayne Savings Bancshares, Inc. Announces Record Earnings for the First Quarter 2022

WOOSTER, Ohio, April 19, 2022 (GLOBE NEWSWIRE) — Wayne Savings Bancshares, Inc. (OTCQX: WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank, reported net income (unaudited) of $2.1 million, or $0.87 per common share, for the quarter ended March 31, 2022, an increase of $180,000, or 9.5%, compared to $1.9 million, or […]

Flywire to Announce First Quarter 2022 Results on May 10, 2022

BOSTON, April 19, 2022 (GLOBE NEWSWIRE) — Flywire Corporation (Nasdaq: FLYW) a global payments-enablement and software company, today announced that its first quarter 2022 financial results will be released after market close on Tuesday, May 10, 2022. Flywire will host a conference call to discuss its first quarter 2022 financial results at 5:00pm ET the […]

Orrstown Financial Services, Inc. Reports First Quarter 2022 Results

Net income of $8.4 million and diluted earnings per share of $0.76 for the quarter ended March 31, 2022 compared to net income of $6.7 million and diluted earnings per share of $0.60 for the quarter ended December 31, 2021 Net interest margin increased to 3.49% in the first quarter of 2022 from 3.35% in […]

Chargeback Gurus Releases New E-Guide on Buy Now, Pay Later

Analyzing data on BNPL customers, fraud and chargebacks and examining the future of the industry. BNPL BNPL DALLAS, April 19, 2022 (GLOBE NEWSWIRE) — Chargeback Gurus, a global leader in chargeback prevention and recovery services, has announced the release of a free e-guide on the Buy Now, Pay Later (BNPL) industry. Growth in the BNPL […]

QED Investors Organizes to Scale Into Fintech Opportunities

Frank Rotman becomes Chief Investment Officer; Bill Cilluffo elevated to lead early stage investments globally ALEXANDRIA, Va.–(BUSINESS WIRE)–QED Investors, a leading global venture capital firm focused on investing in disruptive financial services companies, today announced a series of internal moves to facilitate the scaling of its unique business model. Founding Partner Frank Rotman, formerly head […]

LawFi Adds Four New Members to Its Advisory and Executive Launch Team

JACKSONVILLE, Fla., April 19, 2022 (GLOBE NEWSWIRE) — LawFi, Inc., (“LawFi”) the startup Legal Fintech company developing the first-of-its-kind Legal Fee Financing platform empowering more inclusive access to legal services and credit, is pleased to announce four new members of its advisory and executive launch team as the company accelerates its development to bring financial […]

Introducing the All-New Property Intelligence Powered by Majesco Analytics

Increase profitability, reduce risk, and improve customer retention with AI-powered Property Intelligence MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco, a global leader of cloud platform software for insurance business transformation, today introduced Property Intelligence powered by Majesco Analytics – a new AI/ML-based analytics offering that provides insightful and intuitive property underwriting information including various quantitative risk scores such as […]

SCI 360, a Salesforce Partner, Announces Insurance Claims App for the Financial Services Cloud, Automating How Insurance Claims Teams Process High-Risk Demand Packages

SCI360 Company Logo SCI360 Company Logo CINCINNATI, April 19, 2022 (GLOBE NEWSWIRE) — SCI 360’s 360 DEMAND Review Application is an intelligent, touchless, accurate, and time-saving solution that is revolutionizing how complex, large Insurance and Healthcare Demand Packages are processed.  Time is of the essence when a Demand Package is presented to Insurance Claims Teams. The […]

FIS’ Modern Banking Platform Now Available on the Microsoft Azure Cloud Platform

Key facts: FIS Modern Banking Platform is now available on the Microsoft Azure cloud. Financial institutions in expanded markets such as the UK, Thailand and New Zealand will benefit from the latest advancements in cloud security, monitoring, resiliency and operational analytics through a fully API-enabled core platform that uses artificial intelligence and component-based architecture. JACKSONVILLE, […]

Canadian Prepaid Payments Now CA$8.5 Billion Industry, Up 18% Since 2020

New study shows open-loop prepaid market expected to exceed CA$17 billion in annual loads by 2025; average load per Canadian open-loop prepaid card account will grow from $156 per card in 2020 to $213 by 2025 TORONTO–(BUSINESS WIRE)–#banking–The Canadian Prepaid Providers Organization (CPPO), the collective voice of the open-loop prepaid payments industry in Canada, today […]

KlariVis Announces New Relationship With Ephrata National Bank

KlariVis Logo KlariVis Logo ROANOKE, Va., April 19, 2022 (GLOBE NEWSWIRE) — KlariVis, a fast-growing enterprise dashboard and analytics solution for the financial services industry, today announced its new relationship with Ephrata National Bank as a key analytics tool for the bank’s future.  KlariVis compiles and aggregates high-value, actionable data into an intuitive, user-friendly enterprise dashboard. […]

LiquidX Names Dominic Capolongo as Chief Revenue Officer

Dominic Capolongo – LiquidX Dominic Capolongo joins LiquidX as Chief Revenue Officer. NEW YORK, April 19, 2022 (GLOBE NEWSWIRE) — LiquidX, the global technology solutions provider and trusted strategic partner for working capital, trade finance, and insurance optimization, has named industry veteran Dominic Capolongo as its Chief Revenue Officer (CRO). In this executive role, Mr. […]

AppTech Payments Announces its Intent to Acquire Hothand Inc., Bolstering its Patent Portfolio

CARLSBAD, Calif., April 19, 2022 (GLOBE NEWSWIRE) — AppTech Payments Corp. (“AppTech”) (NASDAQ: APCX) a Fintech company powering commerce experiences, is excited to announce its definitive agreement to purchase Hothand Inc. (“Hothand”), a patent holding company which owns the intellectual property rights to a wide array of mobile credit/debit transaction and mobile search, location, offer, […]

Europe Digital Banking Market revenue to hit $2bn by 2026, says Graphical Research

Major digital banking market players in Europe region include Appway AG, Bank of New York Mellon Corporation, CREALOGIX AG, ebankIT, Etronika, Fidor Solutions AG, Finastra, Halcom.com, ieDigital, Infosys Limited, Intellect Design Arena Limited, Kony, NETinfo Plc, NF Innova, Oracle Corporation, SAB, SAP SE, Sopra Steria, Tata Consultancy Services Limited, Technisys S.A., Temenos AG, and Worldline. […]

Juniper Research: Regtech to Account for Over 50% of Regulatory Compliance Spend Globally by 2026, as AI Reshapes Digital Onboarding

BASINGSTOKE, England–(BUSINESS WIRE)–#regtechmarket–A new study from Juniper Research has found that global regtech spend will exceed $204 billion by 2026; accounting for over 50% of all regulatory compliance spend for the first time. This spend will grow from $68 billion in 2022; representing growth of over 200% over the next four years. The report identified […]

Veritex Holdings, Inc. Announces Dates Of First Quarter 2022 Earnings Release And Conference Call

DALLAS, April 18, 2022 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or “the Company”), the parent holding company for Veritex Community Bank, today announced that it plans to release its first quarter 2022 results after the close of the market on Tuesday, April 26, 2022. The earnings release will be available on the […]

Sabey Data Centers Announces Central U.S. Market Expansion With 72mw Data Center Campus in the Growing Austin Tech Hub

Sabey expands national portfolio to Round Rock, TX, to meet customer demand AUSTIN, Texas–(BUSINESS WIRE)–#Austin–Sabey Data Centers, a premier national global services provider, today announced details of its new data center campus in Round Rock, TX. The new data center campus is designed to provide up to 72-megawatts (MW) of power capacity with reliability, security, […]

Toast Reimagines Quick-Service Restaurant Point-of-Sale to Help Restaurants Increase Throughput, Sales, and Serve More Guests

Quick service restaurants on Toast outperformed reported industry average in YoY sales in 2021[1] On average, guests tip on 18% more transactions at QSRs when they pay through Toast Mobile Order & PayTM versus standard checkout [2] BOSTON–(BUSINESS WIRE)–Toast (NYSE: TOST), the all-in-one digital platform built for restaurants, today announced Toast for Quick Service, a […]

Sila Now Provides Instant Access to ACH Debits on Its Platform Through Instant Settlement

PORTLAND, Ore.–(BUSINESS WIRE)–#AnewFinancialWorld—Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced a new product called Instant Settlement. It provides instant access to ACH debits made to the Sila platform. Customers no longer have to use their own capital to pre-fund the full amount of a transaction or wait days […]

RJD Green, Inc. (RJDG) Timely Files Q2 Filing on OTC Markets; Shows Pretax Income from Operations of $2,384,112 as of February 28, 2022

Tulsa, OK, April 18, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — RJD Green (OTCPK: RJDG) is a publicly traded company that operates as a holding company focusing on acquiring, managing assets, and actively exploring potential acquisitions and opportunities in diversified industries. Today RJD Green announced highlights from the Quarterly Report for the six months ended February 28, 2022. […]