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DEEPTARGET AND MEA FINANCIAL EXPAND PARTNERSHIP TO OFFER AI-POWERED FINANCIAL STORIES
DeepTarget Inc., a solution provider that utilizes data mining and business intelligence to deliver targeted engagements across digital channels for financial institutions, today announced at the MEA & REDi Annual Users Group an extension of their partnership with MEA Financial, a national leader in the provision of innovative software solutions to the financial services marketplace around the nation. Through the extended partnership, DeepTarget’s Digital Experience Platform (DXP) for enterprises, including its 3D StoryTeller™ and AI-based Predictive Campaigns, will be integrated and available on all MEA’s digital platforms, including the UniFI Digital Banking Platform. DeepTarget’s enhanced, patent-pending DXP platform and its socially inspired stories also work well with MEA Financial’s Mobile Banking solution, offering an opportunity for an immediate upgrade in engagement innovation.
PNC PLEDGES $20 BILLION IN ENVIRONMENTAL FINANCE
The PNC Financial Services Group, Inc. (NYSE: PNC) announced today it is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC’s long-standing support for accelerating the transition to a low-carbon economy, and is complementary to the bank’s recently announced Community Benefits Plan, which pledges $88 billion in loans, investments, and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities.
BARBERSHOP FINTECH: SQUIRE BRINGS FINANCIAL SERVICES TO UNDERSERVED INDUSTRY
Squire Technologies, the premier barbershop management and point of sale system software, and Bond Financial Technologies Inc., the leading enterprise-grade platform for embedded finance, today announced the launch of the Squire Card. Seamlessly integrated into Squire’s mobile app, the Squire Card helps barbershops better manage their cash flow. The card brings better financial tools to a profession that is underserved by traditional financial institutions by allowing barbers to get paid faster, pay bills and track expenses easier, and withdraw funds based on future bookings.
ONEBLINC LAUNCHES NEW ONEBLINC DEBIT MASTERCARD TO OFFER FAIR FINANCING PRODUCTS FOR UNDERSERVED CUSTOMERS
OneBlinc announced today the launch of its new debit card, powered by the Mastercard network, which offers fair financing options to the over 22% of U.S. households that are unbanked or underbanked – according to a report by the Federal Reserve. Alongside this new debit card offering, OneBlinc is also debuting its free OneBlinc checking account service.
OneBlinc, the disruptive fintech that drew industry attention in 2019 by offering instant loans to poor-credit individuals through its proprietary scoring algorithms, has since expanded its portfolio of fair financing products, including salary advances and overdraft protection. Today’s announcement is the next step in the company’s mission to elevate the underserved, while giving them access to the latest in payment technologies. Even more, these new offerings can help customers better manage their finances, as debit cards provide an easy way to track and control money.
FINASTRA SECURES SWIFT COMPATIBLE APPLICATION LABEL FOR TRADE FINANCE
Finastra today announced that it is the first technology provider to secure the SWIFT Compatible Application label 2021 for Trade Finance. The achievement proves that Fusion Trade Innovation, Finastra’s global trade and supply chain booking engine and processing solution, meets rigorous SWIFT industry standards. The solution is ready to support customers ahead of the SWIFT SR2021 go-live in November this year, which impacts Category 7 Guarantees and Standby Letters of Credit messages.
Anastasia McAlpine, Head of Product for Trade and Supply Chain Finance at Finastra said, “SWIFT SR2021 completes the cycle of the most significant set of changes to the trade finance messaging interface in nearly 30 years, with the updated message structures and the introduction of new message types. We are delighted to have secured this SWIFT Compatible Application label as it demonstrates Fusion Trade Innovation’s strong capabilities to align with the extensive and complex SWIFT standards. It is also testament to the solution’s ability to support customers as the industry evolves.
FUTURE FINTECH ESTABLISHES UK SUBSIDIARY TO DEVELOP DIGITAL FINANCIAL SERVICES BUSINESS IN EUROPE
Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as “Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced today that it has incorporated a new subsidiary, FTFT UK Limited (“FTFT UK”), as an operating base from which to develop fintech business in Europe.
FTFT UK plans to provide high-quality digital inclusive financial services to individual customers and businesses through financial technology by building a new digital banking ecosystem based on blockchain technology to create a highly competitive financial services platform relative to traditional banks. The first phase will be to focus on the development of a ‘super app’ that will include a wide range of personal digital financial products and services. FTFT UK plans upon designing this app to include functionality for mobile payments, international transfers, wealth management advisory services, membership rewards, etc., as well as proprietary industry-disruptive applications. We anticipate that our mobile app will enable customers to engage in a comprehensive suite of mobile banking capabilities anytime and anywhere.
DRIPS COMPLETES FINANCING WITH WELLS FARGO CAPITAL FINANCE
Drips, the founders of Conversational Texting®, today announced that, concurrently with its previously announced growth investment, they established a credit facility with Wells Fargo Capital Finance’s Technology Finance group.
The Wells Fargo facility will support Drips’ intense growth as it expands its team and improves its already advanced conversational SMS messaging platform. Drips differentiates itself from its competitors by capturing intent and driving meaningful conversations designed to promote engagement.
GUIDEHOUSE AND ONESTREAM SOFTWARE ANNOUNCE STRATEGIC ALLIANCE TO HELP ORGANIZATIONS DRIVE FINANCE TRANSFORMATION EFFORTS
Guidehouse, a leading global provider of consulting services to the public and commercial markets, today announced it has entered into a strategic alliance with OneStream Software, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, to provide intelligent finance solutions that unify and streamline processes through one platform.
The strategic alliance will leverage Guidehouse’s expertise as a leading consulting services provider supporting clients in both the public and commercial markets and OneStream’s unified and cloud-based CPM software platform to support activities ranging from project delivery to marketing and strategic business collaboration. Through the alliance, clients can optimize their resources and accelerate delivery of a comprehensive solution to address their complex corporate performance needs.
BMO FINANCIAL GROUP ANNOUNCES EXPANSION OF COMMERCIAL BANKING OPERATIONS IN FLORIDA
BMO Financial Group has expanded its commercial banking operations in Florida, announcing new leaders in South Florida, West Florida and Central/North Florida regions. The Florida commercial banking team will continue to be overseen by Marty McAndrew, BMO’s Managing Director & Florida Market Executive, Commercial Banking.
“We see tremendous opportunity to leverage our industry expertise and local market knowledge to help local business leaders in Florida expand their operations and continue to drive economic growth,” said McAndrew. “We have a very strong, experienced local management team in place, and we look forward to building on our momentum throughout the state.”
INSZONE INSURANCE SERVICES ACQUIRES CABRERA INSURANCE & FINANCIAL SERVICES
Inszone Insurance Services, a rapidly growing national provider of benefits, personal, and commercial lines insurance, announced today the acquisition of Cabrera Insurance & Financial Services, providing the 7th acquisition in the state of Arizona for Inszone.
Cabrera Insurance & Financial Services was founded in 1999 in the Biltmore area of Phoenix, Arizona by Steve Cabrera. Through its 20 plus year run, the team at Cabrera Insurance & Financial Services have worked hard to provide top notch customers to all clients in Phoenix and surrounding areas. As a part of the acquisition, the Cabrera Insurance & Financial Services team will transition to work out of Inszone’s Tempe location.
WAVECREST AND MASSMUTUAL VENTURES UP INVESTMENT IN TIER1 FINANCIAL SOLUTIONS TO ACCELERATE DEVELOPMENT OF INTEGRATED CUSTOMER JOURNEYS
Tier1 Financial Solutions , a leading provider of client relationship management (“CRM”) solutions, AML compliance and fraud prevention solutions, has received new equity financing from a group of investors led by Wavecrest Growth Partners (“Wavecrest”) and MassMutual Ventures. This latest investment in Tier1 will help drive the next generation of connectivity between compliance workflows and the customer experience – enabling Tier1 clients to create integrated, end-to-end journeys efficiently, cost-effectively and reliably for their customers.
REGIONS FINANCIAL CLOSES ON ITS ACQUISITION OF CLEARSIGHT ADVISORS
Regions Financial Corp. , the parent company of Regions Bank, on Tuesday announced it has completed its acquisition of Clearsight Advisors, Inc. The acquisition expands Regions’ mergers-and-acquisitions (M&A) advisory capabilities into the technology industry.
Clearsight will be incorporated into Regions Bank’s Capital Markets division. Over the last decade, Clearsight has built a solid reputation as a comprehensive M&A firm serving business clients in the high-growth global knowledge economy. Clearsight also delivers strategic financial advisory and consulting capabilities. Business sectors served by Clearsight include the technology, professional services, data and information services, and digital and technology-enabled services industries.
BANKFIRST CAPITAL CORPORATION COMPLETES ACQUISITION OF THE CITIZENS BANK OF FAYETTE
BankFirst Capital Corporation, parent of BankFirst Financial Services (the “Bank”), today announced the completion of its acquisition of The Citizens Bank of Fayette, Fayette, Alabama (“Citizens Bank”) from F.B.H. Corporation, an Alabama corporation (“F.B.H.”). The acquisition results in BankFirst having 32 offices serving Mississippi and Alabama, with total assets of approximately $2.0 billion, gross loans of approximately $1.2 billion, and total deposits of approximately $1.8 billion.
FUTURE FINTECH ANNOUNCES NEW BLOCKCHAIN DIVISION
Future FinTech Group Inc. , a leading blockchain-based e-commerce business and a fintech service provider, announced today that the Company has established a new blockchain division that will manage its existing blockchain sector business which will include the further formulation and execution of its strategic growth plan.
Mr. Zhi Yan has been appointed as the president of the new division to direct the Company’s blockchain business. At present, the blockchain division’s primary mission will be to develop, operate and manage the Company’s previously announced bitcoin mining farm plans in the United States and Paraguay, and to coordinate its announced Dubai-based digital currency trading service and crypto asset management business via its FTFT Capital Investments LLC subsidiary. Mr. Yan has extensive experience in blockchain and cryptocurrency. He has been general manager of Cloud Chain Network Technology (Tianjin) Co., Ltd, a wholly owned subsidiary of the Company since February 2020 and served as the Chief Technology Officer of the Company between February 2018 and February 2020. Mr. Yan led the development of the real-name blockchain based e-commerce platform of the Company, Chain Cloud Mall.
AZURE POWER: OPERATIONAL AND FINANCIAL UPDATE
Azure Power Global Limited , a leading independent renewable power producer in India, today announced certain operational and financial updates in connection with the Rights Offering that was also announced today.
This is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.
MONTFORT AG OPENS ITS REGULATED DIGITAL ASSETS TRADING PLATFORM TO THE PUBLIC
Monfort AG, FinTech company offering products and services for the investment and digital assets sector, announced today that its flagship product, the trading platform, is now available to business users and institutions in eligible jurisdictions within Europe, Asia, Africa and Latin America. The trading platform leverages asset management tools in blockchain space with regulatory compliance frameworks, giving institutional investors access to low-cost transactions and greater liquidity.