Techwire


NestEgg Raises $7M Series A and Launches Interest-Free Payment Service

Property management platform that empowers independent landlords to effortlessly manage their rental properties and boost cash flow CHICAGO–(BUSINESS WIRE)–NestEgg, a startup building the future of residential rental property management, today announced it has raised $7 million in Series A investment funding from a strategic group of fintech and proptech investors. Hyde Park Venture Partners led […]

Insurity Announces New ‘Bridge Specialty Suite’ Templates to Improve Speed-to-Market and Reduce Implementation Costs for Specialty Lines Insurers

New Templates Simplify Professional Liability, Marine Cargo, and Commercial Package Policy LOBs HARTFORD, Conn.–(BUSINESS WIRE)–Insurity, LLC, a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs, today announced new out-of-the-box templates for its cloud-based Bridge Specialty Suite. The new templates for professional liability, marine cargo, and […]

CORO Granted 3 New U.S. Money Transmitter Licenses as It Moves Towards Becoming a Nationwide Gold Payment Platform

MIAMI–(BUSINESS WIRE)–Coro Global Inc. (OTCQB:CGLO) today announced its subsidiary Coro Corp. has been granted a Money Transmitter license in three new states over the past week, as it continues to spread accessibility to its gold payment app across the country. Residents of Georgia, Rhode Island and South Dakota will now have access to CORO – […]

Aite Group Announces Winners of the 2020 Impact Innovation Awards in Cash Management and Payments

Aite Group will recognize the innovative financial institutions that have leveraged best-in-class technology during an awards presentation at the Innovation in Cash Management & Payments Forum being held virtually December 10 and 11. BOSTON, Nov. 18, 2020 (GLOBE NEWSWIRE) — Aite Group is pleased to announce the winners of the 2020 Impact Innovation Awards in […]

150 Financial Institutions Select Access Softek’s Open Financial Exchange (OFX) Server

BERKELEY, Calif.–(BUSINESS WIRE)–Access Softek, Inc., an omnichannel digital banking platform provider, signed its 150th financial institution customer to its Open Financial Exchange (OFX) Server. OFX makes it possible for small and medium size financial institutions to connect directly with their small and medium business (SMB) customers and members who use Intuit’s QuickBooks. According to a […]

VMware Announces Availability of Enterprise Blockchain Platform

PALO ALTO, Calif.–(BUSINESS WIRE)–VMware, Inc. (NYSE: VMW) today announced the commercial availability of VMware Blockchain to provide a digital foundation that enterprises can trust to build business networks and deploy business-critical decentralized applications. With VMware Blockchain, businesses are provided an extensible and scalable enterprise-grade platform to unlock data silos and free up data to flow […]

Visa Expands Fast Track Program to Enable Next Generation of Fintechs to Rebuild the Global Economy

Visa adds new Partner Toolkit and Visa Ready Fintech Enabler certification to Fast Track program Fast Track program grows 360% year-over-year, supports accelerating industries including digital wallets, financial inclusion, business-to-business (B2B) and digital currency payments SAN FRANCISCO–(BUSINESS WIRE)–The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly […]

New Omniscience Solution Optimizes Life Insurance Risk Selection

Ultrafast Acceptance Decisions lead to Rapid Customer Acquisition and Long-Term Compounding Successes for Insurers PALO ALTO, Calif.–(BUSINESS WIRE)–#Insurance–With the launch of its new OmniExtract customer intelligence solution, Omniscience makes it possible, for the first time, to make automated, rapid, and sophisticated life insurance underwriting decisions about new customers, regardless of whether the potential insured has […]

  Insider Intelligence Expands Into Financial Services

  Company to provide valuable analysis and research on digital disruption of finance, banking, and ecommerce sectors Insider Intelligence formed by combination last year of eMarketer and Business Insider Intelligence NEW YORK–(BUSINESS WIRE)–Insider Intelligence today announced its expansion into financial coverage, bringing to the world of finance its unique style of robust yet digestible industry analysis, […]

Hurricane Electric Expands Global Network to Sixth Location in Frankfurt With New Point of Presence at ITENOS

Twelfth Point of Presence in Germany will provide robust, high-speed IP transit to this global financial capital FRANKFURT & FREMONT, Calif.–(BUSINESS WIRE)–Hurricane Electric, the world’s largest IPv6-native Internet backbone announced today that it has deployed a new Point of Presence (PoP) in ITENOS’s Frankfurt FRA 1 data center. The new PoP is located at 90 […]

Newsweek Names First Internet Bank Best Small Business Checking Account

FISHERS, Ind.–(BUSINESS WIRE)–First Internet Bank announced today that it has been recognized for offering the “Best Small Business Checking Account” in Newsweek’s America’s Best Banks 2021. First Internet Bank President and CEO David Becker said, “Long before I started First Internet Bank, I was a small business owner and lifelong entrepreneur. Owning a small business […]

PureFacts Financial Solutions acquires Quartal Financial Solutions to become a global WealthTech leader

TORONTO–(BUSINESS WIRE)–#AI—PureFacts Financial Solutions, a leading WealthTech provider of fees, reporting and AI-powered predictive analytics solutions, has acquired Quartal Financial Solutions, Europe’s leading provider of fee billing and commission solutions for the financial and insurance industries. This acquisition further strengthens PureFacts’ ability to provide mission critical, AI-driven and regulatory compliant fee solutions to its marquee […]

The Tech Tribune: 2021 Best Tech Startups in Minneapolis

NEW YORK–(BUSINESS WIRE)–#business—The Tech Tribune staff has compiled the very best tech startups in Minneapolis. In doing our research, we considered several factors including but not limited to: Revenue potential Leadership team Brand/product traction Competitive landscape Additionally, all companies must be independent (un-acquired), privately owned, at most 10 years old, and have received at least […]

Bank Director Releases 2021 Bank M&A Survey Results

Results Reveal Barriers to Making Deals Remain High; Market Uncertainty Stalls Growth Plans BRENTWOOD, TENN., Nov. 17, 2020 (GLOBE NEWSWIRE) — BRENTWOOD, TENN., Nov. 17, 2020 – Bank Director, the leading information resource for directors and officers of financial institutions nationwide, today released its 2021 Bank M&A Survey, sponsored by Crowe LLP. Findings indicate that […]

Northstar Announces $10.7M in Funding to Support Employees’ Financial Wellness Through Personalized Advice and Automation

Northstar customers include leading employers Zoom, ServiceTitan, and Thumbtack LOS ANGELES–(BUSINESS WIRE)–Northstar, a fintech company that enables employers to offer financial wellness as an employee benefit, announced $10.7 million in financing, including a new $7.3 million Series A led by M13 with participation from Foundation Capital and Workday Ventures. The investment comes on the heels […]

AM BestTV Presents The Entrepreneurial Agent/Broker: Insurtech Drives Distribution Innovation

OLDWICK, N.J.–(BUSINESS WIRE)–In AM Best’s four-part series, “The Entrepreneurial Agent/Broker,” top industry leaders will discuss how tomorrow’s insurance coverages, business models and risk strategies get their start, often in the field crafted by innovative agents and brokers. This segment looks at how managing general agents (MGA) are assuming leading roles as insurance innovators, using insurtech […]

Mambu Joins Forces with Alchemy to Deliver World-Class Lending Operating System and Workflow Engine

Leading lending technology providers partner to deliver first-of-its-kind decisioning platform MIAMI–(BUSINESS WIRE)–Mambu, a global cloud banking platform, and Alchemy, a leading cloud-based digital banking solutions provider for U.S.-based financial institutions (FIs), today announced the two providers have partnered to deliver a faster, more agile lending decisioning engine for community banks and credit unions. Together, the […]

RWM Partners with Tavant for Enterprise-wide Digital Transformation

Lender streamlines GNMA cap reports 80% savings with GNMA Capital Markets, the new automated disclosure process SANTA CLARA, Calif.–(BUSINESS WIRE)–#digitallending—Tavant, a Silicon Valley-based digital lending solutions leader, today announced it has partnered with RWM Home Loans, a San Diego-based independent mortgage bank, to complete an enterprise-wide digital transformation that streamlines the digital mortgage lifecycle, generates […]

DHgate Participates in Organizing Public and Private Collaboration to Empower Women with Technology

The Women Connect Global Summit for Women at the Crossroads BEIJING–(BUSINESS WIRE)–As the world continues to grapple with the COVID-19 pandemic, an international conference, the Women Connect Global Summit, was held online to address the difficulties and challenges faced particularly by women during this unprecedented crisis. The summit, jointly organized by the China Chamber of […]

Sontiq™ and Breach Clarity Strike Exclusive Industry Partnership

Sontiq’s Solutions, including IdentityForce® and EZShield®, Equip Individuals with Personalized Breach Risk Intelligence For Unprecedented Insight & Recommendations to Mitigate Data Breach Impact BOSTON–(BUSINESS WIRE)–#IntelligentIdentitySecurity—Sontiq, the leader in Intelligent Identity Security, today announced an exclusive industry partnership with Breach Clarity, an award-winning Fintech provider. Sontiq will infuse Breach Clarity’s product, which includes an algorithm-based and […]

AffiniPay Launches Integration with BQE CORE Software to Provide Contactless Payment Options to Architects, Engineers, Accountants and Attorneys

Electronic Payment Options Boost End of Year Cash Flow for Professionals Looking for Secure Payment Options AUSTIN, Texas–(BUSINESS WIRE)–AffiniPay, the technology behind the payment solutions LawPay, CPACharge, AffiniPay for Associations and DesignPay, is launching contactless payment solutions for all BQE Software clients. This integration will allow BQE CORE clients to shift their acceptance of payments […]

 Introducing Toast Go® 2 and Toast Order & Pay®: Contactless Suite Empowers Restaurateurs to Keep Guests Safe and Grow Average Check Size to Navigate This Winter

 Toast customers increase orders by 31 percent with Toast Go® 2, check size by 45 percent with Toast Order and Pay® despite continuous industry changes due to the COVID-19 health crisis BOSTON–(BUSINESS WIRE)–#cloudtechnology—Toast, the leading restaurant management platform, today unveiled the next generation of its mobile handheld point of sale: Toast Go® 2. Along with […]

 Introducing Toast Go® 2 and Toast Order & Pay®: Contactless Suite Empowers Restaurateurs to Keep Guests Safe and Grow Average Check Size to Navigate This Winter

 Toast customers increase orders by 31 percent with Toast Go® 2, check size by 45 percent with Toast Order and Pay® despite continuous industry changes due to the COVID-19 health crisis BOSTON–(BUSINESS WIRE)–#cloudtechnology—Toast, the leading restaurant management platform, today unveiled the next generation of its mobile handheld point of sale: Toast Go® 2. Along with […]

Customers Bank Joins MaxMyInterest Platform to Offer Ultra-Fast Account Opening and Premium Interest Rates

Partnership another milestone in digitization journey. WEST READING, Pa. & NEW YORK–(BUSINESS WIRE)–$CUBI #MaxMyInterest—Customers Bank (NYSE: CUBI), a digital-first, fintech-forward financial institution with a growing national presence, today announced its nationwide collaboration with MaxMyInterest (Max)*, an intelligent cash management platform for individual clients and financial advisors. “Customers Bank has demonstrated a commitment to innovation, and […]

Netcapital Inc. Portfolio Company ChipBrain Successfully Completes Digital Capital Raise, Paving The Way For Its Next Phase of Growth

ChipBrain empowers business communication with emotionally intelligent AI The company’s machine learning models outperform state-of-the-art emotion prediction and sentiment analysis models Pilot launch with customers across key industries – December 2020 Large-scale launch of subscription model capable of fully integrating with communication and CRM platforms – Mid 2021 BOSTON–(BUSINESS WIRE)–$VSTRD #AI–Netcapital Inc. (OTC: VSTRD) announced […]

Clearlake Capital-Backed Zywave Acquires Advisen, a Preeminent Insurance Data & Technology Provider, Further Bolstering Its Market-Leading Position

Together with Zywave’s existing P&C offerings, Advisen’s innovative data, media and technology solutions will amplify Zywave’s existing product portfolio and accelerate its global footprint MILWAUKEE, Nov. 17, 2020 (GLOBE NEWSWIRE) — Insurance technology provider, Zywave, today announced the acquisition of Advisen, the foremost provider of data, media and technology solutions for the commercial property and […]

Global Mobile Wallet Industry to 2028 – Flourishing m-Commerce Industry, Proliferation of Smartphones and Internet Penetration, Driving Growth

Dublin, Nov. 17, 2020 (GLOBE NEWSWIRE) — The “Mobile Wallet Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020-2028” report has been added to ResearchAndMarkets.com’s offering. This report analyzes the global mobile wallet market in terms of application, end-use, and geography. On the basis of application, the […]

U.S. Cards and Payments Industry Analysis 2016-2024 – Shift in Consumer Spending Due to COVID-19 Could Drive Away $100Bn Annually from Credit Cards to Debit Cards

Dublin, Nov. 17, 2020 (GLOBE NEWSWIRE) — The “United States of America (USA) Cards and Payments – Opportunities and Risks to 2024” report has been added to ResearchAndMarkets.com’s offering. This report provides detailed analysis of market trends in the US cards and payments industry. It provides values and volumes for a number of key performance […]

Axos Bank’s Rewards Checking Named Best Checking Account Overall

In its Best-Of 2020 Awards, personal finance website The Ascent also names Rewards Checking Best High-Interest Checking Account SAN DIEGO–(BUSINESS WIRE)–#bankingevolved–Digital banking leader Axos Bank’s Rewards Checking account has been named Best Checking Account Overall and Best High-Interest Checking Account by personal finance website The Ascent as part of its Best-Of 2020 Awards. “Axos offers […]

ACH Processing Company Offers “Virtual/PCard” Payment Solution for Healthcare Payers to Recoup Revenue

Accounts Payable Virtual Card Payments Provides Cash Rebates during COVID-19 PLANO, Texas–(BUSINESS WIRE)–#ACHPC–ACH Processing Company, a leading B2B payment processing and financial technology service provider founded in 1998, today announced an accounts payable virtual card payments “Virtual/PCard” solution for healthcare payers and Third Party Administrators (TPAs) to help recoup lost revenue during COVID-19. The Virtual/PCard […]

Ascendant Announces Expansion into the UK

TORONTO and LONDON, Nov. 17, 2020 (GLOBE NEWSWIRE) — Ascendant today announced the expansion of their global operations with an entry into the UK market. The financial technology and global payments provider will focus on growing their corporate client base and valued partnerships by offering technology-driven payment solutions that save customers time and money as they […]

Neobank Douugh launches in the US

Purpose-led fintech & neobank Douugh launches in the US to Millennial and Gen-Z consumers Fostering financial wellness – helping customers spend smarter, save more and build wealth Disrupting the business model of banking – SaaS-based, harnessing open banking Soon to launch v1.0 of its AI-powered Autopilot feature to fully automate money management Capital-lite, leveraging a […]

Third Coast Bank SSB to Introduce Zelle® in Its Online Banking and Mobile App Platforms

Zelle® Makes it Fast, Safe and Easy to Send Money Digitally to Those you Know and Trust With a Bank Account in the U.S. HUMBLE, Texas–(BUSINESS WIRE)–#bankanywhere–THIRD COAST BANK SSB today announced that Zelle is now live in its online banking and mobile app platforms. Zelle is available in the digital banking experience of Third […]

EMPLOYERS Modernizes Digital Transformation with Red Hat

The century-old workers’ compensation insurance provider incorporates agile methodologies and automation in its commitment to uncover new innovation opportunities in an ever-changing marketplace RALEIGH, N.C.–(BUSINESS WIRE)–#DigitalTransformation–Red Hat, Inc., the world’s leading provider of open source solutions, today announced that EMPLOYERS, a national provider of workers’ compensation insurance, has built a hybrid cloud foundation for its […]

Wells Fargo Quantitative Prime Services Offers HPR Trading Platform to Clients

NEW YORK–(BUSINESS WIRE)–Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that its Quantitative Prime Services division has partnered with HPR, a leading financial technology player in electronic trading, to provide an elite next-generation trading platform for clients. Through its collaborative partnership with HPR, Wells Fargo will […]

New Beginnings Acquisition Corp. Announces the Separate Trading of its Common Stock and Warrants Commencing on November 19, 2020

MIAMI–(BUSINESS WIRE)–New Beginnings Acquisition Corp. (the “Company”) today announced that, commencing on November 19, 2020, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s common stock and warrants included in the units. Those units not separated will continue to trade on the NYSE American […]

Eris Innovations Closes Strategic Investment Round Tied to Eris SOFR Product Launch at CME Group

Eris SOFR Swap Futures show strong early volume as firms prepare to migrate from Libor to SOFR CHICAGO–(BUSINESS WIRE)–#derivatives–Eris Innovations, an intellectual property licensing company that partners with global financial exchanges to develop futures products, today announced the successful closing of a $2 million investment round. The announcement follows CME Group’s October 5 launch of […]

Mastercard Advances Multi-Rail Strategy to Modernize Business Payments

Adding Account-to-Account and Global Card Payments Functionality to Mastercard Track™ Business Payment Service PURCHASE, N.Y.–(BUSINESS WIRE)–Mastercard continues to deliver on its multi-rail strategy with the addition of Account-to-Account (A2A) payments functionality to Mastercard Track™ Business Payment Service. This launch represents the next phase in Mastercard’s journey to modernize business payments by solving persistent pain points […]

KKR and Rakuten to Acquire Stakes in Seiyu from Walmart, Focus on Accelerating Digital Transformation of Japanese Retail: Seiyu Positioned to Become Japan’s Leading Omnichannel Retailer

KKR to purchase majority stake and new Rakuten subsidiary to acquire minority stake in Seiyu Walmart to retain 15% stake and work with KKR and Rakuten to accelerate Seiyu’s digital transformation to become Japan’s leading omnichannel retailer The complementary retail expertise KKR and Rakuten bring, including track records of driving growth in e-commerce and digital […]

SmartMetric The Maker Of Biometric Activated Credit And Debit Cards Welcomes a Report Forecasting Market Value Of $18 Billion For Contactless Credit Debit Cards By 2025

NEW YORK–(BUSINESS WIRE)–#ameritrade–SmartMetric, Inc. (OTCQB: SMME): A report, Contactless Payment Market Global Forecast to 2025, published by MarketsandMarkets says the global contactless credit/debit card payment market size is expected to grow from USD 10.3 billion in 2020 to USD 18.0 billion by 2025. This is at a Compound Annual Growth Rate (CAGR) of 11.7% during […]