Mogo to acquire 19.99% of Coinsquare; agreement includes rights to increase ownership up to 40% Brings together Canada’s leading digital wallet and leading digital asset trading platform Coinsquare has grown to more than $525mm in trading volume for the month of January and more than $500mm in Assets Under Management as at February 9, 2021 […]
Equal to an ROE1 of 5.5% above Post-Covid Guidance figures Solid growth prospects for 2021 volumes and profits confirmed Appointment of two new non-executive independent directors Strong increase in net customer loans and investments (+35% over end 2019) to 2.2 billion euro Assets of 4.1 billion euro (3 bln at 31 December 2019) including liquidity […]
SAN DIEGO, Feb. 11, 2021 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT” or the “Company”), is researching the potential development of a radio based computer vision system to be guided by AI for cardiovascular applications. This is the first phase of the research to evaluate an autonomous arterial clog cleaning mini-probe. A typical […]
NEW YORK, NY and Australia, Feb. 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Sino United Worldwide Consolidated Ltd. (OTC: SUIC) has formed a 70:30 fintech company with QQ Pay Australia, named SUIC QQPay USA Inc. based in New York. SUIC owns 70% and QQ Pay Australia owns 30%. SUIC QQ Pay USA Inc. will drive innovation […]
Kube Partners’ Detector R2 Ready for Guidewire add-on to help insurers counteract insurance fraud MONZA, Italy, & LONDON & SAN MATEO, Calif.–(BUSINESS WIRE)–#First100SolutionPartners–Kube Partners, an international consultancy and software application company with a focus on the insurance and banking industries, and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and […]
SYDNEY–(BUSINESS WIRE)–IDEMIA, the global leader in Augmented Identity, has signed a corporate partnership with Fintech Australia, a trade association that seeks to boost growth of the country’s Fintech ecosystem. As a global leader in payment card issuance, payment solutions, security and identity management technologies, IDEMIA will draw on its best-in-class R&D and experience to provide […]
Derek L. Tyus Derek L. Tyus WAUWATOSA, Wis., Feb. 10, 2021 (GLOBE NEWSWIRE) — Waterstone Financial, Inc. (NASDAQ: WSBF) announced today that on February 8, 2021, its Board of Directors elected Derek L. Tyus to serve on the Board of Directors. “We are honored to have Derek join the Board of Directors of WaterStone Bank […]
ALTAVISTA, Va., Feb. 10, 2021 (GLOBE NEWSWIRE) — Pinnacle Bankshares Corporation (“Pinnacle” or the “Company”) (OTCQX: PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of $0.14 per share on February 9, 2021, payable March 5, 2021, to shareholders of record as […]
First bankers’ bank to directly integrate with WireXchange®: FX from Fiserv, providing greater availability of international banking services to community financial institutions WALNUT CREEK, Calif.–(BUSINESS WIRE)–PCBB is the first bankers’ bank to directly integrate to WireXchange: FX from Fiserv, a web-based solution that enables financial institutions to complete end-to-end international wire transfers seamlessly. PCBB is […]
NEW YORK–(BUSINESS WIRE)–Bank of America Community Development Banking (CDB) provided a record $5.87 billion in loans, tax credit equity investments, and other real estate development solutions, surpassing last year’s record of $4.88 billion. CDB deployed $3.62 billion in debt commitments and $2.25 billion in investments to help build strong, sustainable communities through affordable housing and […]
MONTREAL, Feb. 10, 2021 (GLOBE NEWSWIRE) — Hardbacon, a personal finance application used by more than 25,000 Canadians, has announced its intention to go public in 2021. The company has proved itself a pioneer in equity crowdfunding with over 1,000 shareholders. Hardbacon raised more than $1 million through its first two rounds on the regulated […]
Barclays and KB Investment invest in credit card startup that approves first-time borrowers such as international students and young adults, based on real-time cash flow, not credit score SAN FRANCISCO–(BUSINESS WIRE)–TomoCredit, a fintech startup offering a credit card designed to build credit history for first-time borrowers, today announced a $7 million seed funding round, with […]
Firms fight back with automation and accountability Atlanta, GA, Feb. 10, 2021 (GLOBE NEWSWIRE) — Today, Bottomline and Strategic Treasurer release the results of the 2021 Treasury Fraud & Controls Survey. This is the 6th annual survey between the long-time collaborators, whose research partnership also includes the annual B2B Payments Survey. As in prior […]
Provide Comprehensive Services to Investment Managers to Drive Growth BERWYN, Pa., Feb. 10, 2021 (GLOBE NEWSWIRE) — Archer®, a technology and services innovator for the investment management industry, and rpmAUM™, a provider of custom product, brand, and distribution solutions for investment managers, today announced a strategic partnership. The partnership will provide investment managers with a […]
Transaction adds a strong institutional investor with unique opportunities for future strategic partnerships between Purpose and Allianz Capital will be used to further accelerate growth of Purpose’s core platform Allianz X will join Purpose’s board of directors TORONTO , Feb. 10, 2021 (GLOBE NEWSWIRE) — Purpose LP (“Purpose Financial“), a leading financial technology platform, today […]
Record Investment to Fuel New Era of Growth in Financial Services MIAMI–(BUSINESS WIRE)–NYMBUS®, a leading provider of banking technology solutions, today announced a $53 million financing round led by existing investor Insight Partners – notable for backing ScaleUp SaaS companies with capital and operational support. Nymbus will leverage the latest funds to empower financial institutions […]
MELBOURNE, Australia–(BUSINESS WIRE)–#fintech—Charles River Development, a State Street company, today announced that Retail Employees Superannuation Trust (Rest), one of Australia’s largest industry superannuation funds with approximately 1.8 million members, has selected the cloud-based Charles River Investment Management Solution (Charles River IMS) to consolidate their front and middle office operations for managing asset allocation, global equities, […]
10 February 2021 PayPoint Plc (“PayPoint” or the “Company”) PayPoint announces the acquisition of RSM 2000 Significantly enhances digital payments capability and sector reach as part of continued step change in strategic delivery Founded in 1999, RSM 2000 provide a wide range of digital payment solutions, including Direct Debit processing, card and text payments […]
The Global Wearable Payments Devices Market size is expected to reach $42. 9 billion by 2026, rising at a market growth of 27. 2% CAGR during the forecast period. The safe and secure payment method offered to the consumers for their purchase of products or services through the advanced integrated technology in their wearable devices […]
Dublin, Feb. 10, 2021 (GLOBE NEWSWIRE) — The “Beyond the Hype – Insight into Digital Challenger Banks” report has been added to ResearchAndMarkets.com’s offering. In the last decade, the concept of the digital-only bank has gone from isolated upstart players to a global phenomenon present in all major regions around the world. In the last […]
SME-focused challenger bank goes live on the cloud-based platform to help ensure its client interactions are relationship-led and digitally enabled LONDON, Feb. 10, 2021 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced the go-live of the nCino Bank Operating […]
Extends digital payment capabilities to growing number of Latin American students studying abroad Helps universities in Latin America attract more international students Partners with local agents to help connect students and schools worldwide BOSTON and SÃO PAULO, Brazil, Feb. 10, 2021 (GLOBE NEWSWIRE) — Flywire Corporation (Flywire), a global payments-enablement and software company, today announced […]
Company designates $50 million for its Back2Business program, designed to help small minority-owned businesses affected by COVID-19 pandemic, and associated initiatives BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today that is has designated $50 million for investment in its Back2Business program and associated initiatives, […]
Platform streamlines cumbersome loan process; offers borrowers and brokers access to thousands of capital sources to secure better deal terms COLUMBUS, Ohio–(BUSINESS WIRE)–OptioLend, an online commercial real estate (CRE) lending marketplace, launched today to dramatically improve the loan application and financing process for borrowers, brokers and lenders. The platform’s launch coincides with an increase in […]
Recurring payments leader places #2 for Best Finance Product and #17 for Best Software in EMEA as part of new rankings in the annual G2 Best Software Awards, the largest software marketplace and review platform SAN FRANCISCO–(BUSINESS WIRE)–GoCardless, the leading fintech for recurring payments, today announced that it has been recognized as one of G2’s […]
STAMFORD, Conn.–(BUSINESS WIRE)–Hudson Structured Capital Management Ltd. (“HSCM”), a leading alternative asset manager focused on investments in the Re/Insurance, Transportation, and InsurTech sectors, today announced it has arranged a financing transaction with Eldridge. HSCM was founded in 2016 by former Goldman Sachs Structured Finance Head Michael Millette and former PIMCO executive David Andrews. This transaction […]
Transact Payments Powered by Cashnet is Rebranded Transact Payments PHOENIX, Ariz.–(BUSINESS WIRE)–#edtech—Transact, the leader in innovative payment solutions for a connected campus, today announced the launch of its new “One Transact” brand campaign representing its transformation to One Vision, One Mission, One Company, and One Mindset. The enterprise-wide initiative began inside the organization and will […]
BURLINGTON, Mass.–(BUSINESS WIRE)–#ZDeposit—Envision Bank has partnered with ZSuite Technologies, a financial technology company offering digital tools that help businesses and individuals automate collection of recurring payments and manage security deposits, to expand its digital offerings to include ZRent and ZDeposit. Envision Bank was searching for differentiated, value-add services and selected ZSuite Technologies to better meet […]
AI-powered insurtech platform aims to transform digital customer engagement SANTA CLARA, Calif., Feb. 09, 2021 (GLOBE NEWSWIRE) — Ushur, the no-code intelligent automation company, today announced a $5M addition to its over-subscribed $25M Series B funding in November 2020. Aflac Ventures and Iron Pillar participated in the round. This brings the total amount of the […]
JOHANNESBURG, South Africa, Feb. 09, 2021 (GLOBE NEWSWIRE) — Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or the “Company”) today announced that it has appointed Lincoln Mali as Chief Executive Officer (“CEO”) of Net1 Southern Africa, a new position for the company. A highly accomplished financial services executive with over 25 years […]
– Aligns Core Functions, Services and Talents to Meet Evolving Customer Needs and Expectations– Former Chief Financial Officer Justin K. Bigham Named Chief Community Banking Officer– Former Corporate Treasurer W. Jack Plants II Named Chief Financial Officer and Treasurer WARSAW, N.Y., Feb. 09, 2021 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ:FISI) (the “Company” “we” or “us”), parent company […]
RICHARDSON, Texas–(BUSINESS WIRE)–ARGO, the leading provider of high-value technology and analytical-sciences software for the financial services and healthcare industries, announced the availability of ARGO Connects, designed to enable financial institutions to deploy a digitally intelligent, Omni-Channel, customer-centric delivery business model that enhances the entire consumer digital and human experience. Using consumer lifetime value information to […]
Clair partners with Mastercard to launch new financial product that helps hard-to-reach hourly workers avoid payday loans NEW YORK–(BUSINESS WIRE)–Clair, a social impact embedded fintech startup transforming how hourly employees get paid, today announced a partnership with Mastercard to provide financial wellness for America’s 82 million non-exempt workers, building on the two companies’ shared mission […]
LOS ANGELES–(BUSINESS WIRE)–#banking–Cleareye.ai, a leading fintech platform that transforms banks into hyper-agile organizations, today announced it is collaborating with Microsoft. Cleareye.ai’s enterprise-ready platform will use Microsoft technology to power its products, starting with the PPP Loan Forgiveness Processing Engine, which will be powered by Microsoft Azure. This offering is a Microsoft Azure Artificial Intelligence (AI) […]
2021 Higher Education Financial Technology Trends Report Reveals that a Majority of Higher Education Institutions Relied on In-Year Forecasting to Ease Budgeting Pressures Amid the Pandemic CHICAGO–(BUSINESS WIRE)–In 2020, higher education institutions faced monumental challenges, with campuses shutting down, academic calendars shifting dramatically and enrollment numbers declining. According to Syntellis Performance Solutions’ report, 2021 Higher […]
Bank utilizes nCino’s Accelerate delivery model as part of its digital transformation WILMINGTON, N.C., Feb. 09, 2021 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that $425 million-asset Platinum Bank has deployed the nCino Bank Operating System to optimize […]
BOULDER, Colo.–(BUSINESS WIRE)–#Fintech500–Growjo has announced the 500 fastest growing companies in the Fintech Industry for 2021. These companies have been recognized for their fast pace growth over several growth metrics including hiring trends, funding and financial data, web traffic, brand awareness growth and more, to determine companies on the up and up. Some of the […]
The POSaBIT ACH payment platform integrates seamlessly with any dispensary’s point of sale and online menu SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT), a leading financial technology company with an industry-leading cannabis point of sale system and unique payment processing solutions for cash-only businesses with a focus on those within the cannabis industry, has launched a […]
Enables Insurers to Reimagine Life Insurance to Accelerate Transformation, Increase Sales Efficiency, Engage with Today’s Digital Customers SAN FRANCISCO & LONDON–(BUSINESS WIRE)–EIS, a digital platform provider for insurers, announced today the expansion of its core EIS Suite™ to carriers in the life and annuities markets. Cloud-native and customer-centered, the Suite allows insurers to innovate across […]
The analyst report stated that by embracing artificial intelligence, machine learning, and cloud computing, NICE Actimize continuously developed new features and functionalities for enterprise fraud management HOBOKEN, N.J.–(BUSINESS WIRE)–NICE Actimize, a NICE (Nasdaq: NICE) business, has announced that it is the recipient of the 2021 Frost & Sullivan North America Technology Innovation Leadership Award for […]
