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HEARSAY SYSTEMS OFFERS FINANCIAL INDUSTRY’S FIRST AI-POWERED VIDEO COMPLIANCE PRE-REVIEW SOLUTION
Hearsay Systems, the trusted leader in compliant digital communications that deliver an authentic, human-client experience for the financial services industry, today announced the release of the first AI-powered solution to dramatically reduce the time and effort associated with reviewing videos financial advisors post across their social channels. This new, highly scalable solution is a first for the financial services industry. It allows users to publish video content faster by leveraging AI to detect inappropriate material and an automated speech-to-text lexicon review to ensure that all videos are in full compliance with industry standards before they are posted. Hearsay also unveiled a new feature that adds compliance support for direct messages sent through Instagram. These advances make it easier and more efficient than ever for advisors to use digital channels to connect with clients and prospects.
AVANT BANKING LAUNCHES FOLLOWING ZERO FINANCIAL ACQUISITION
Avant, a leading financial technology company that gives middle-income consumers access to the credit they deserve, announced today the initial launch of Avant Banking.* The debut of Avant Banking expands the company’s financial product portfolio of personal loans, credit cards and auto refinance, and follows its acquisition of Zero Financial, Inc. and its digital banking app, Level, in April.
Available now, Avant Banking includes access to spending accounts, debit cards,1 ACH transfers2 and, for those with direct deposits, access to payday funds up to two days early.3 After making a deposit, customers are issued a virtual card that can be immediately added to Apple Wallet® or Google Pay.™5
FPT SOFTWARE AND IFA PARTNER TO RAMP UP BLOCKCHAIN-BACKED INFORMATION BANKING SERVICE
Vietnam’s leading IT firm FPT Software and Tokyo-based IFA Co., Ltd. (IFA) have formed a business alliance to develop an information banking platform. The platform, AIre Data Bank, expects to enhance the data exchange experience with the utilization of blockchain technology.
Many businesses and services rely on data to operate, but how to exchange data fairly and safely remains a challenge. With the development of AIre Data Bank, FPT Software and IFA look to offer a marketplace that enables secured and transparent transactions of data and rewards between “sellers,” who provide a variety of personal data, and “buyers,” who purchase data for marketing and other purposes.
NR FINANCE MÉXICO SELECTS LINEDATA EKIP360 TO SUPPORT MANAGEMENT OF ITS CONTRACT FINANCING
Linedata , a global provider of asset management and credit technology data and services, today announced that NR Finance México (NRFM), Mexico’s leading automotive financing company, has chosen Linedata to manage its complete back office retail and leasing business for the automotive brands within the Renault-Nissan-Mitsubishi Alliance. Leveraging Linedata’s integration capabilities and with support from the team at NRFM, Linedata Ekip360 has been successfully implemented.
AMADIS CHOSEN BY EMCREY FOR SOFTPOS PAYMENT SOLUTION
Amadis, a global payment software editor, leading supplier of EMV Level 2 card processing solutions and nexo universal payment acceptance applications, has been selected by eMcREY, a leading financial solution supplier in the Middle-East, for its SoftPOS solution. Amadis will provide eMcREY with its payment card processing software, enabling worldwide contactless payment acceptance on commercial off-the-shelf devices (COTS).
ZOE ANNOUNCES THEIR PARTNERSHIP WITH FORUM FINANCIAL MANAGEMENT
Zoe, a digital wealth platform that connects clients with fiduciary financial advisors, just announced a new partner joining their exclusive advisor Network. Zoe has a rigorous vetting process that ensures that clients are meticulously connected only with wealth managers among the top 5% of the country. RIAs that partner with Zoe are characterized by the high-quality, personalized, and unbiased advice they provide to their clients.
SALT SECURITY DISCOVERS GRAPHQL AUTHORIZATION FLAWS IN FINTECH SAAS PLATFORM
Salt Security, the leading API security company, today released new API threat research from Salt Labs that highlights a GraphQL API authorization vulnerability in a B2B financial technology (FinTech) platform. The findings, which were identified by researching the mobile applications and SaaS platform of this FinTech provider, call attention to authorization-level flaws that can arise with nested queries in GraphQL, an open-source query language used to build APIs. Salt Labs found that the failure to implement authorization checks correctly meant the researchers could submit unauthorized transactions against any customer account and harvest any customer’s sensitive data.
VISA INTRODUCES CRYPTO ADVISORY SERVICES TO HELP PARTNERS NAVIGATE A NEW ERA OF MONEY MOVEMENT
Visa , the world’s leader in digital payments, today announced the launch of Visa’s Global Crypto Advisory Practice, an offering within Visa Consulting & Analytics (VCA) designed to help clients and partners advance their own crypto journey. This comes at a moment when digital currencies are taking greater hold in the popular consciousness – according to research released today from Visa, awareness of crypto among financial decision makers surveyed is near universal at 94% around the world.
DIGITALGEN FINANCIAL SERVICES IS DISRUPTING THE INDUSTRY WITH ITS CRYPTO SAVVY FINANCIAL ADVICE
DigitalGen Financial Services is helping clients plan their financial futures while using tools from the world of digital finance. Providing virtual online services, they are filling a gap in the market when it comes to financial advisors and professionals who are knowledgeable about new technologies including cryptocurrency and blockchain. With a focus on the future of digital technology, DigitalGen works with clients to help them become financially literate across many investment methods.
MIZUHO FINANCIAL GROUP ANNOUNCES STRATEGIC COLLABORATION WITH GOOGLE
Mizuho Financial Group, Inc. and Google Cloud have announced a strategic collaboration to accelerate the Group’s digital transformation and retail innovation strategy. “The global spread of COVID-19, along with megatrends such as digitalization, the aging population, and globalization, have led to significant changes in our lifestyles and economies. To deliver on the needs of our customers in this new era, we’re working with Google to enhance our operational capabilities, innovate across our online and mobile channels, and transform our corporate culture.
APPLE ACQUIRES UK FINTECH STARTUP CREDIT KUDOS
Apple is acquiring the UK-based fintech startup Credit Kudos for an undisclosed amount, as Apple typically doesn’t disclose the price of its acquisitions. Credit Kudos last raised £5 million ($6.5 million) in funding back in April 2020. Neither Credit Kudos or Apple could be reached to confirm the deal, which was first reported by the crypto-focused publication The Block, citing three sources close to the deal. The privacy policy link on the Credit Kudos website currently redirects to Apple’s privacy policy.
ELEPHANT INSURANCE PARTNERS WITH SMART CHOICE
Elephant Insurance, a Virginia-based, digital-first auto insurance company, today announced a new partnership with Smart Choice, a network providing independent insurance agents with access to top-rated markets, product training, and sales and marketing support. Elephant’s auto insurance policies will now be offered by Smart Choice agency partners.
CLEARWATER ANALYTICS ANNOUNCES PARTNERSHIP WITH FLYER FINANCIAL TECHNOLOGIES
Clearwater Analytics , a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, announced a strategic partnership with Flyer Financial Technologies, a cloud-based portfolio management and order management system provider, to help Clearwater’s asset management clients and prospects build a comprehensive front-to-back office platform.
CROSSFIRST BANK EXPANDS RESTAURANT FINANCE GROUP
CrossFirst Bank, a subsidiary of CrossFirst Bankshares, Inc., announced today that it will expand its restaurant finance group that will focus on building trusted relationships with established and high-growth restaurant chains. The Bank hired Bobby Oliver to lead the restaurant finance group as Executive Director, Restaurant Finance Group.
FISERV AND MX ENABLE SECURE CONSUMER FINANCIAL DATA ACCESS TO ACCELERATE FUTURE OF OPEN FINANCE
Fiserv, Inc. , a leading global provider of payments and financial services technology solutions, and MX, a financial data platform provider and a leader in modern connectivity, are accelerating the future of open finance through secure, reliable consumer financial data sharing. MX is the first company to access tokenized consumer data via AllData® Connect from Fiserv, to better enable a more secure way for consumers to share their financial data with their favorite apps or services.
OMAHA’S FINTECH ECOSYSTEM ATTRACTS SAN FRANCISCO-BASED COMPANY
The Greater Omaha Chamber welcomed Unison, a San Francisco-based fintech company, to downtown Omaha today. The move will bring hundreds of estimated jobs to Omaha, with the initial regional headquarters located in the Landmark building. The Greater Omaha region has become a lucrative destination for the finance and insurance industry, contributing $10.6 billion to Greater Omaha’s regional GDP in 2019 – 70 percent larger than the national average.