Techwire


Ebix Announces First Quarter Fiscal Year 2020 Financial Results

JOHNS CREEK, Ga., May 11, 2020 (GLOBE NEWSWIRE) — Ebix, Inc. (NASDAQ: EBIX), today announced the following results for the quarter ended March 31, 2020: Diluted EPS (GAAP) of $0.81 and Non-GAAP diluted EPS of $0.96 Operating cash flow of $29.6 million Revenues of $137.9 million and constant currency revenues of $ 141.6 million GAAP […]

Ethos Expands C-Suite with First Chief Revenue Officer, Erin Lantz

Ethos hires personal finance expert and operations executive from Zillow Group and Bank of America to lead CX efforts and sales organization SAN FRANCISCO, May 07, 2020 (GLOBE NEWSWIRE) — Ethos, the company making life insurance ethical and accessible to all, expanded its executive team with the hiring of its first Chief Revenue Officer, Erin […]

SE2 Names Mark Schultis as CEO

Schultis to lead company’s client focused, technology-driven approach in serving the life and annuity markets TOPEKA, Kan., May 05, 2020 (GLOBE NEWSWIRE) — SE2, an Eldridge business, and industry leader in life and annuities insurance technology, today named Chief Customer Officer, Mark Schultis, to CEO. Current Chief Executive, Gautam Thakkar, will remain on the SE2 […]

FactSet Increases Dividend

NORWALK, Conn., May 05, 2020 (GLOBE NEWSWIRE) — FactSet (NYSE:FDS | NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced that its Board of Directors approved a 7% increase in the regular quarterly cash dividend from $0.72 per share to $0.77 per share. The $0.05 per share increase marks […]

Snapsheet Brings Claims Management Platform to Clearcover

Strategic collaboration improves customer experience and operational efficiencies through an intelligent, touchless claims process CHICAGO, May 05, 2020 (GLOBE NEWSWIRE) — Snapsheet, a pioneer in virtual claims management processing technology, today announced a new strategic partnership with Clearcover. The collaboration between the two Chicago-based insurtech leaders integrates Snapsheet’s claims management software to power Clearcover’s modern […]

Xceedance and Xemplar Partner to Advance Mobile Capabilities for Insurance Organizations

BOSTON and WAYNE, Pa., May 05, 2020 (GLOBE NEWSWIRE) — Xceedance and Xemplar Insights today announced a strategic partnership to bring innovative, mobile-based insurtech solutions to global property/casualty insurance markets. As a comprehensive consulting and managed services provider, Xceedance collaborates with insurers, reinsurers, MGAs, and brokers worldwide to optimize operations, apply intelligent technologies, increase analytic […]

Reliance Standard Selects EIS Group’s Insurance Platform for Voluntary Benefits

Modern, open technology platform will support transformation and innovation in insurer’s voluntary benefits business SAN FRANCISCO, May 05, 2020 (GLOBE NEWSWIRE) — EIS Group, a global core and digital platform provider for insurers, today announced that Reliance Standard Life Insurance Company (Reliance Standard), a leading group insurance carrier specializing in employee benefits solutions for companies […]

Store Growth for Minute Loan Center Rehoboth Beach, Delaware – Despite This Troubled Economic Climate.

Minute Loan Center corporate announces today that their Rehoboth Beach, Delaware location will be doubling in size with the addition of the team from the Lewes, Delaware store. Rehoboth Beach, Delaware Minute Loan Center Store Front – joins with the team from Lewes, Delaware. Visit our newly combined location. Serving as Your Community Lender! #minuteloancenter […]

Global Neo and Challenger Bank Market to Reach $471.0 Billion by 2027: at 48.1% CAGR

Convenience & flexibility, higher interest rates offered as compared to traditional banks, and favorable regulatory scenario drive the growth of the global neo and challenger bank market. Europe contributed the highest share in 2019, and will maintain its dominance throughout the forecast period. The revenue generated from interchange fees for neo and challenger banks will […]

Unity Bank Provides $130 Million in PPP Loans, Saving Thousands of Jobs Through SBA COVID-19 Lending Program

CLINTON, N.J., April 29, 2020 (GLOBE NEWSWIRE) — Gary Shiman, Co-Owner and Executive Vice President of Bellari Home Remodeling of Branchburg, represents one of the nearly 1,000 businesses that will receive more than $130 million in Unity Bank loans through the Small Business Administration (SBA) Paycheck Protection Program (PPP), the special funding initiative designed to […]

Bitazza Uses AlphaPoint’s New Digital Asset Brokerage Platform to Launch as Licensed Thai Digital Asset Broker

AlphaPoint powered brokerage Bitazza receives Thai SEC approval and launches to serve the local market BANGKOK, Thailand, April 29, 2020 (GLOBE NEWSWIRE) — Following Bitazza’s acquisition of a digital asset broker license from Thailand’s Ministry of Finance, the company has taken its first step towards regional expansion, using AlphaPoint’s newly developed brokerage technology solution to […]

Xignite Named to WealthTech 100 List for Second Year in a Row

San Mateo, CA, April 29, 2020 (GLOBE NEWSWIRE) — Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, announced it has been named to the WealthTech 100 list of the world’s most innovative technology solution providers for asset managers, private banks and financial advisors. Xignite also had […]

Fattmerchant Strengthens Presence in Growing SaaS Industry Through Partnership With SaaSOptics

Clients of the rapidly growing B2B SaaS management platform now have options to accept payments seamlessly and have access to lower processing costs ORLANDO, Fla., April 28, 2020 (GLOBE NEWSWIRE) — Fattmerchant, an integrated payment technology provider offering business owners real-time data analytics and award-winning customer service, today announces its partnership with SaaSOptics, the leading […]

DASH Regulatory Technologies Launches SaaS-Based Version of Industry-Leading Regulatory Capital Compliance Suite

DASH 360R’s hybrid approach allows customers to choose between on-premise or cloud deployment options “The new 360R platform is a huge leap forward for DASH, introducing advanced technologies never before available in regulatory computing. With the cloud-enabled configuration, we’ve taken the LDB suite – which has been the industry’s most reliable calculation tool for over […]

Lendio and Jack Henry & Associates Streamline the PPP Loan Application Process for Financial Institutions

Lendio provides the loan application and document infrastructure for Jack Henry’s bank and credit union clients across the U.S. Lehi, Utah, April 23, 2020 (GLOBE NEWSWIRE) — Lendio, the nation’s leading small business loan marketplace, today announced a strategic relationship with Jack Henry & Associates, Inc.® (NASDAQ: JKHY), a leading provider of technology solutions and […]

FactSet to Provide Fundamental and ESG Data to Government Pension Investment Fund

Content will fuel GPIF’s efforts to strengthen index selection and analysis TOKYO and NORWALK, Conn., April 23, 2020 (GLOBE NEWSWIRE) — FactSet (NYSE:FDS | NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced that it will provide financial, non-financial, and benchmark data to the Government Pension Investment Fund (GPIF) […]

Live Oak Bancshares, Inc. Reports First Quarter 2020 Results

WILMINGTON, N.C., April 22, 2020 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported a first quarter 2020 net loss of $7.6 million, or $(0.19) per diluted share, compared to net earnings of $2.4 million, or $0.06 per diluted share, for the first quarter of 2019.  The first […]

MeridianLink Delivers SBA PPP Fast Track Solution

Financial Institutions are Implemented, Accepting Applications and Filing Electronically in Under 48 Hours Costa Mesa, California, April 21, 2020 (GLOBE NEWSWIRE) — MeridianLink, developer of the financial industry’s first multi-channel loan and new account origination platform, announced that it was officially approved as a vendor to access the Small Business Administration (SBA) system and delivered […]

EIS and PwC launch Intelligent Insurance Ecosystem Initiative

EIS Group and PwC collaborate to develop ecosystem built for the future of insurance LONDON, April 21, 2020 (GLOBE NEWSWIRE) — EIS Group today announces the launch of an intelligent digital insurance ecosystem initiative in collaboration with PwC. The new ecosystem will combine agility with insights to enable market differentiation and deliver best-in-class customer experience. […]

IMS Announces Availability of Low-Cost, Quick-Start Auto UBI Program

The global pandemic has altered driving behaviors and exposed a need for a more flexible, data-driven, pay-as-you-go auto insurance model. “Right now, many auto insurers are responding to the apparent decline in vehicle usage by offering blanket rebates of premium to customers, which is certainly a welcome concession, with almost every household’s finances bearing some […]

Capgemini Press Release // World FinTech Report 2020: FinTech collaboration is even-more essential now for banks to achieve customer-centricity

Good morning, Please find below the press release issued today. Best regards, Florence LièvreGlobal PR Manager | Group Marketing & Communications Capgemini Group | ParisTel.: +33 1 47 54 50 71Email : [email protected]_____________________ Capgemini Press Contacts:                                                                             Efma Press Contact: Mary Sacchi (North America)                                                                                                Anna Quinn WE Communications for Capgemini                                                                   Tel.: +33 1 47 42 6771 Tel.: […]

Connecticut Based Continuity Offers U.S. Banks and Credit Unions Support for the Covid-19 Crisis

More than 100 CEOs and Compliance Officers accept Continuity’s offer to access the company’s regulatory technology, at no cost, to help during the pandemic Michael “Mike” Nicastro, CEO of Continuity Michael “Mike” Nicastro, CEO of Continuity NEW HAVEN, Conn., April 17, 2020 (GLOBE NEWSWIRE) — Continuity, a provider of risk and compliance management technology, is […]

Enterprise Engineering, Inc. and ebankIT expand services in the North America for Open Banking and Banking Platform Solutions

NEW YORK, April 16, 2020 (GLOBE NEWSWIRE) — Enterprise Engineering, Inc. (EEI), an industry leader and trusted advisor to the financial services industry, today announced expanded services offerings and banking platform solutions with ebankIT, a premiere global digital banking platform provider. The expanded offerings bolster EEI’s unique position as an Open Banking implementer/integrator and boosts ebankIT’s solutions presence in North America. […]

Saluda Grade Raises $20 Million For Alternative Lending Growth Equity Fund

NEW YORK and SAN FRANCISCO, April 16, 2020 (GLOBE NEWSWIRE) — Saluda Grade Ventures, a private alternative real estate finance venture firm, announced today that it has raised more than $20 million for its debut growth equity fund. The Saluda Grade Alternative Lending & Fintech Growth Fund I invests in elite alternative non-bank lenders, including private […]

Appian Helps Banks Automate Lending for the UK Coronavirus Business Interruption Loan Scheme (CBILS) and Prepare for the Coronavirus Large Business Interruption Loan Scheme (CLBILS)

Low-Code Automation Platform enables banks to respond faster and offer financial support to businesses LONDON, April 16, 2020 (GLOBE NEWSWIRE) — Appian (NASDAQ: APPN) today announced an application built on its Low-Code Automation Platform to support accredited lenders across the UK to manage the Coronavirus Business Interruption Loan Scheme (CBILS) applications from businesses, as well as […]

Socotra Receives ISO 27001 Certification

Designation underscores the company’s commitment to data security and customer trust SAN FRANCISCO, April 16, 2020 (GLOBE NEWSWIRE) — Socotra, a San Francisco-based provider of the most modern, enterprise-grade core platform transforming how insurance products are created and scaled, announced today the company has received ISO 27001 certification. This designation is internationally recognized as the […]

Wellfleet and EIS Group Partner on Innovative Insurance Solution

Growing workplace benefits insurer and trailblazing core processing platform provider aim to bridge the digital gap for brokers and their clients SPRINGFIELD, Mass. and SAN FRANCISCO, April 15, 2020 (GLOBE NEWSWIRE) — Wellfleet, a Berkshire Hathaway insurance company, and industry technology leader EIS Group are building a next-generation insurance administration platform to meet the evolving […]

In Response to COVID-19; Total Expert Launches Discounted Software and Services with Rapid Deployment to Help Community Banks and Credit Unions Stay Connected and Communicate with Customers and Employees

Tools will include access to best practices and pre-built content to allow banks and credit unions to rapidly deploy email/video email and social media at scale while maintaining compliance MINNEAPOLIS, April 14, 2020 (GLOBE NEWSWIRE) — Total Expert, the Minneapolis-based fintech company, announced a new “fast deployment” product for community banks and credit unions to […]

Live Oak Bancshares, Inc. Announces Date of First Quarter 2020 Financial Results

WILMINGTON, N.C., April 08, 2020 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its first quarter 2020 financial results after U.S. financial markets close on Wednesday, April 22, 2020. In conjunction with this announcement, Live Oak will host a conference call to discuss the company’s financial results and […]

Ondot Systems Awarded as One of The Financial Times The Americas’ Fastest Growing Companies 2020

Santa Clara, Calif., April 08, 2020 (GLOBE NEWSWIRE) — Santa Clara, Calif. (April 8, 2020) – Ondot Systems, the digital card services platform for credit and debit issuers, has been recognized as part of The Financial Times inaugural list of The Americas’ Fastest Growing Companies 2020. This prestigious award is presented by The Financial Times […]

Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)

Appian to host two webinars discussing the new $350B Act and demonstrating how Appian can accelerate bank response MCLEAN, Va., April 08, 2020 (GLOBE NEWSWIRE) — Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing requirements, and ensure compliance for […]

Continuity to Partner with Dollar Associates on Cloud Based Compliance and Enterprise Risk Management Program

Continuity is a New Haven, Connecticut-based provider of regulatory technology (RegTech) solutions that automate risk and compliance management for the financial services industry. Dollar Associates is a full-service credit union consulting firm headquartered in Birmingham, AL and will consult with Continuity on regulatory issues to help enhance their successful cloud-based program for the credit union […]

HAMPTON BAY CAPITAL INC. FILES FILING STATEMENT AND PROVIDES FURTHER DETAILS ON ITS PROPOSED QUALIFYING TRANSACTION WITH LENDIFIED HOLDINGS INC.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 02, 2020 (GLOBE NEWSWIRE) — Hampton Bay Capital Inc. (the “Corporation” or “Hampton Bay”) (TSX-V: HPB.P) is pleased to announce that it has filed its filing statement dated March 30, 2020 in connection with it proposed business combination […]

InsuraGuest Technologies Spotlighted in Broadcast Discussing Insurtech’s Indelible Impact on Insurance Sector

NEW YORK, April 02, 2020 (GLOBE NEWSWIRE) — via NetworkNewsAudio – InsuraGuest Technologies Inc. (TSX.V: ISGI) announces the availability of a broadcast titled, “Technology Transforms the Insurance Market.” To hear the AudioPressRelease from NetworkNewsAudio, visit: http://nnw.fm/5GVQu To read the full editorial, visit: http://nnw.fm/QyJ1g Though technology allows radically new ways of working, many insurance companies aren’t using […]

Contactless Payments Market Is Expected to Reach $27.23 Billion by 2023, Says Allied Market Research

Increase in the use of smartphones, integration of contactless cards with the existing cards, and benefits related to contactless payments such as convenience and feasibility propel the growth of the market. Portland, OR, April 01, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global contactless payments market was estimated […]

InsuraGuest Technologies Featured in Publication Evaluating the Innovation of Insurtech

NEW YORK , April 01, 2020 (GLOBE NEWSWIRE) — via NetworkWire — InsuraGuest Technologies Inc. (TSX.V: ISGI) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 40+ brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities. To view the full publication, “Technology Transforms […]

InsuraGuest Technologies Spotlighted in Broadcast on Crucial Need for Coverage of Vacation-Rental Insurance Gaps

NEW YORK, March 27, 2020 (GLOBE NEWSWIRE) — via NetworkNewsAudio – InsuraGuest Technologies Inc. (TSX.V: ISGI) announces the availability of a broadcast titled, “Growing Vacation Industry Fosters Demand for Integrated Support Services.” To hear the AudioPressRelease from NetworkNewsAudio, visit:  http://nnw.fm/J69Zn. To read the full editorial, visit: http://nnw.fm/Is8lC. In the United States alone, an estimated 4.5 million second […]

InsuraGuest Technologies Featured in Publication Evaluating New Vacation-Rental Insurance Model

NEW YORK, March 26, 2020 (GLOBE NEWSWIRE) — via NetworkWire — InsuraGuest Technologies Inc. (TSX.V: ISGI) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 40+ brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities. To view the full publication, “Growing Vacation Industry […]

FactSet Increases Revenue and EPS in Second Quarter 2020

NORWALK, Conn., March 26, 2020 (GLOBE NEWSWIRE) — FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, today announced results for its second quarter ended February 29, 2020. Second Quarter Fiscal 2020 Highlights Revenue increased 4.2%, or $14.9 million, to $369.8 million compared with $354.9 million […]

Compliance.ai Introduces Simplified Regulatory Change Management for Insurance Professionals

Leading RegTech Platform Now Provides the First End-to-End, Fully Automated, SaaS-based Insurance Regulatory Change Management Solution SAN FRANCISCO, March 24, 2020 (GLOBE NEWSWIRE) — Compliance.ai, a leading provider of modern regulatory change management solutions, today announced it has added comprehensive coverage for U.S. insurance related regulatory content. Compliance.ai’s award-winning platform now grants transparent and near […]