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MORTON CAPITAL LAUNCHES A NEW DIGITAL EXPERIENCE THAT RAISES THE BAR ON TRADITIONAL FINANCIAL WEBSITES
Morton Capital, a rising star in the alternative investment and RIA space, launched its highly dynamic new website this week. The vision of the website redevelopment, which began in late 2020, was to create a custom digital experience that reflected the client experience and reinforced the company’s relational approach and mission to “empower better investors.”
From the moment visitors arrive on the site, they are guided through a unique and interactive experience matched to their interests. The user journey has been designed to be educational, visually interactive, and enjoyable. Upon landing on the site, the animated type and life-moments video inspire the visitor to get in the mindset and think about what enjoying life means to them on a personal level. This is immediately followed by the question that sets the tone for the site, “How can we help?” Four main options appear to steer them in the direction that resonates with their interest or needs, whether that is investment advice or simply browsing.
MASTERCARD AND CITI EXPAND PARTNERSHIP TO FURTHER FINANCIAL INCLUSION AND SUSTAINABILITY EFFORTSMASTERCARD AND CITI EXPAND PARTNERSHIP TO FURTHER FINANCIAL INCLUSION AND SUSTAINABILITY EFFORTS
Mastercard and Citi today announced a new partnership to support local residents and small businesses through greater public-private sector collaboration. Through City Possible, Mastercard’s partnership and co-creation framework for cities, the two global leaders will bring their collective resources, expertise, and integrated urban development frameworks to the City Possible network.
The partnership will initially grant City Possible network members access to “Citi Start Saving” and “City Builder by Citi” through the Mastercard City Insights Digital Marketplace. The Citi Start Saving program allows U.S. municipal and nonprofit organizations to expand access to financial services and advance economic progress in underserved and low-income communities. City Builder by Citi is a free, data-driven platform that aggregates information about community investment opportunities and includes information on 16,000+ U.S. cities, 73,000 census tracts, 485 community development projects, and 180 funds and community development entities. The new tools will provide City Possible members the ability to assess the impact of a climate or economic event to support policy and program development. The partnership will also explore ways to help city leaders develop more efficient procurement processes as well as identify avenues to support an inclusive recovery through joint disbursement solutions.
WEFI SELECTS OPENTEXT EMAIL2EDI SOLUTION TO LAUNCH INNOVATIVE FINANCIAL TECHNOLOGY PLATFORM, IZZI
OpenText™ , today announced that WeFi Technology Group LLC (WeFi), a financial technology company providing supply chain finance solutions to the IT industry, has selected OpenText Email2EDI to help process thousands of transactions on WeFi’s new advanced technology platform, ‘IZZI’.
WeFi has created a digital platform called ‘IZZI’ to strengthen its financing solutions through efficient transaction processing, enhanced data security and privacy, as well as data analytics and reporting. In need of a solution to exchange business documents from non-EDI vendors within the new platform, WeFi selected OpenText Email2EDI to automatically convert documents received via email into structured EDI data for internal applications.
BNY MELLON UTILIZES BLOCKCHAIN TO DIGITIZE WORKING CAPITAL IN GLOBAL TRADE FINANCE
BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe.
Through its participation in the Marco Polo Network, BNY Mellon is now able to more efficiently insert liquidity into the international supply chain, providing supply chain finance solutions including both payables financing and receivables discounting to suppliers shipping goods and services to their buyers around the world.
K2 INSURANCE SERVICES LAUNCHES ANOTHER INNOVATIVE PRODUCT ON THE DRC INSURANCE PLATFORM
Decision Research Corporation (DRC), an industry-leading provider of cloud-based enterprise solutions for the P&C insurance sector, announced today K2 Insurance Services has successfully deployed their innovative LoadStar Customs Inspection Insurance product on the DRC Insurance Platform. Via the DRC Agent Portal, freight forwarders and Customs Brokers are now able to purchase coverage online, submit claims, and are issued certificates in a single session, with full policy service, billing, and claims enabled for back-office processing.
PNC LAUNCHES AKOYA SOLUTION TO INCREASE THE SECURITY OF CONNECTIONS FOR CONSUMERS TO SAFELY TRANSACT WITH FINANCIAL APPS
PNC Bank and Akoya LLC today announced the bank’s integration with the Akoya Data Access Network. More than nine million PNC customers are now enabled to securely share their financial data with fintechs and data aggregators with enhanced security through the application programming interface (API)-based network.
“PNC takes very seriously our responsibility to protect the financial and account information that our customers entrust to us,” said PNC Chairman, President and CEO William S. Demchak. “Many customers assume it is safe to provide their sensitive information to the financial app of their choice. However, we know this information has been used for unauthorized access to customer accounts. That is why we have been taking interim steps to provide accessibility and security – and with today’s announcement, we are providing a permanent solution for striking the right balance between customer choice and data protection.”
VYMO CEMENTS ITS COMMITMENT IN INDONESIA WITH A ROBUST LOCAL TEAM AND TECHNOLOGIES FOR THE FINANCIAL INDUSTRY
San Francisco headquartered firm Vymo, the sales acceleration platform of choice for top financial institutions across Asia, announced today its commitment in Indonesia with a robust local team and technologies for the financial industry. The firm also announced it has been appointed by AIA Indonesia (PT AIA Financial) to deploy its remote-first sales distribution platform to improve the company’s business profitability. Both these initiatives come at the right time for Vymo as the firm accelerates its growth strategy for Indonesia. Vymo is confident of growing its revenues from Indonesia manifolds in the next 3 to 5 years and as such will be investing in expanding and strengthening its team and partner ecosystem in the country by 10x over the coming years.
FICOMM PARTNERS LAUNCHES NEW AMPLIFI OFFERING FOR FINANCIAL ADVISORS
Financial advisors have a new way to increase their content’s reach and impact with the launch of FiComm Partners’ (“FiComm”) AmpliFi offering. The integrated communications agency specializing in the financial services industry launched its third business offering built specifically for growing advisors who are looking to scale and develop marketing and public relations strategies around their proprietary content.
MODULR AND RIPPLE ANNOUNCE STRATEGIC PARTNERSHIP TO ENABLE SEAMLESS PAYMENTS INTO THE UK AND EUROPE
Today, leading payments platform Modulr announced a partnership with Ripple, the leader in enterprise blockchain and crypto solutions, to enable seamless payments into the UK and Europe. Trust Payments, the global unified payments group, is the first customer to go live and begin benefiting from the partnership.
Together, the two leading FinTechs will make it easier than ever for businesses, like Trust Payments, to run real-time payments internationally powered by Ripple’s financial technology, RippleNet. With Modulr’s technology, global businesses have an alternative to legacy correspondent banking and can now make payments into the UK and Europe faster, more reliable, and cost-effective.
ECONOMY SEEN GROWING 6.3%, BEATING BANK OF CANADA FORECAST
Data suggest economic activity climbed above pre-pandemic levels for the first time in fourth quarter. Canada’s economy grew more than expected in November to bring real gross domestic product above its pre-pandemic levels, but the Omicron variant could throw a wrench in those gains. Real GDP in November grew 0.6 per cent, beating Statistics Canada’s preliminary estimate of 0.3 per cent, the agency reported Tuesday.
H.I.G. TECHNOLOGY PARTNERS MAKES A STRATEGIC INVESTMENT IN MOBILEUM
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, is pleased to announce that an affiliate of H.I.G. Technology Partners (“HTP”) has entered into a definitive agreement to make a strategic investment in Mobileum, Inc. (“Mobileum” or the “Company”) to help the Company accelerate technology investments and growth enabled by the roll-out of 5G technologies and private networks across the world.
DEUTSCHE ADDS NEW FINANCIAL SPONSORS BOSS FOR AUSTRALIA
Deutsche Bank will be out to win a bigger slice of private equity work in Australia after tapping a London-based banker to head its financial sponsors coverage. Deutsche Bank is moving London-based head of loan syndicate, David Garcia Capel, to Sydney as its new head of financial sponsors for Australia.
ELEVATE CREDIT AND CENTRAL PACIFIC BANK TO COLLABORATE ON NEW FINTECH COMPANY “SWELL”
Elevate Credit, Inc., a leading tech-enabled provider of innovative and responsible online credit solutions for consumers, today announced that it is working with Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank (the “Bank”), as the Bank seeks to expand its presence beyond Hawaii and into the mainland U.S through Swell, a newly launched fintech company. Swell will launch a consumer banking app that combines checking, credit and more into one integrated account, with the Bank serving as the bank sponsor. The Elevate Blueprint™ platform will embed into Swell’s broader fintech platform to enable the Bank to offer personal lines of credit through Swell at APR’s below 24%. Additionally, Elevate will be making an equity investment in Swell.
GREATAMERICA ACQUIRES FRANCHISE FINANCING FIRM IRH CAPITAL
GreatAmerica Financial Services, which works closely with MSPs and channel partners, has acquired IRH Capital LLC, a provider of financing to franchises. Financial terms of the deal were not disclosed. This is technology M&A deal number 106 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021, and 2020 listed here.
MONESE LAUNCHES NEW CREDIT BUILDER
Monese, the leading pan-European fintech, is expanding its offering with the launch of a new Credit Builder service for its customers in the UK. Having opened a waitlist in 2021, Credit Builder is now available and being used by selected customers in an early access programme ahead of being made generally available to UK customers over the coming months.
HUAWEI PARTNERS WITH CURVE TO BRING CONTACTLESS PAYMENTS TO HUAWEI SMARTPHONES
NFC contactless payment is now widely available on Huawei smartphones, including the Huawei P50 Series. Huawei has partnered with Curve – the financial super app which combines all of your debit, credit and loyalty cards into one, easy-to-use smart card – to launch Curve Pay so Huawei customers can pay by phone through one digital wallet.