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Webster Signs Definitive Agreement To Acquire Ametros
Financial Technology STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
Open Lending Named Winner Of 2023 NAFCU Innovation Award
Financial Technology Open Lending’s enhanced Lenders Protection™ program expands auto lending inclusivity and improves loan decisioning accuracy AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has been selected as a winner of the 2023 NAFCU Innovation Award for its enhanced Lenders Protection™ scorecard.
New Report Finds That More Than 80% Of Organizations Across APAC Are Using Artificial Intelligence (AI) To Tackle Fraud
Banks and payment service providers across APAC make progress with fraud prevention but it still remains a challenge, finds new report from Feedzai and Chartis Scam Prevention in Asia-Pacific: A Survey of Banking and Payment Provider Professionals analyzes the strategies which financial institutions in the region are implementing to detect and prevent scams Despite advancements, the report finds scams present a growing challenge in APAC with only 6% of respondents confident in their ability...
What Does CFPB’s Latest Proposal Mean For Non-Banking And Financial Services Businesses?
Financial Technology Updated on Fri, Nov 10, 2023 While banks are launching their own financial applications, other business players are tasting success by diverting customers to their platforms, which include digital wallets, cryptocurrency wallets and digital payments apps.
Acceptance Insurance Wins Business Intelligence Group's 2023 Public Relations And Marketing Excellence Award
Financial Technology , /PRNewswire/ -- Business Intelligence Group recently announced that Acceptance Insurance (OTCQX: FACO), a leading provider of personal auto insurance and related products, has won a 2023 Public Relations and Marketing Excellence Award, which recognizes marketing departments that accelerate their brand's growth through exposing and promoting great business stories.
Fosun International Awarded "Excellent ESG Enterprise Of 2022-2023" By Hong Kong Economic Times
Financial Technology , /PRNewswire/ -- On 31 October 2023, Hong Kong Economic Times (HKET), a Chinese financial newspaper in Hong Kong, held the "Excellent ESG Recognition Scheme" awards ceremony. Fosun International was awarded the "Excellent ESG Enterprise of 2022-2023" by HKET, in recognition of the company's performance in environmental, social, governance and sustainable development, which has been recognized by the market.
Zip Recognized For Second Year On Spend Matters 2023 50 Providers To Watch List
Leading Research and Analyst Firm Selects Zip Two Years Running for Leadership Role in Procurement Intake Management Market SAN FRANCISCO--(BUSINESS WIRE)--Zip, the world’s only intake-to-pay platform, today announced it has been chosen for the 2023 “50 Providers to Watch” list by Spend Matters. This prestigious list recognizes the fast-rising companies in the procurement and supply chain market that continue to grow and develop innovative products propelling the market forward.
PIMCO Selects HUB For Real-Time Operations Platform
Financial Technology New platform is transforming data and investment operations technology LONDON--(BUSINESS WIRE)--HUB today announces that Pacific Investment Management Company (PIMCO) is now live on the HUB platform. HUB’s platform builds seamless connectivity between data and trading to optimise the investment industry’s operations technology, enabling AI and automation.
Axos Bank Awarded Best Mobile Banking By GOBankingRates.com
SAN DIEGO--(BUSINESS WIRE)--Axos Financial, Inc. (NYSE: AX), parent of Axos Bank, announced today that leading personal finance website GOBankingRates.com named Axos Bank “Best for Mobile Banking” in America. This is the sixth time since 2015 that Axos Bank has been featured on GOBankingRates’ list of best banks. “We are proud to be recognized as a leading digital bank,” said Brian Swanson, Executive Vice President of Axos’ Consumer Banking.
Ascend Capital Partners Acquires Majority Stake In Seoul Medical Group (SMG)
SMG to Benefit from Ascend’s Financial, Operational and Technology Expertise Ascend to Invest in Capabilities and Services to Enhance Access, Affordability and Quality of Healthcare for SMG’s Patients NEW YORK--(BUSINESS WIRE)--Ascend Capital Partners (“Ascend”), a healthcare focused private equity partnership, today announced that it has acquired a majority stake in Seoul Medical Group (SMG), one of the country’s leading physician-run Independent Physician Associations (IPA) dedicated to...
Fireblocks Acquires Tokenization Firm BlockFold To Serve Industry's Largest Banks & Financial Institutions
With 75% of its tier-1 FI customers exploring tokenization, Fireblocks now supports clients with their most complex tokenization use cases Between 2022 and 2023, Fireblocks saw demand in tokenization projects increase by 350% , /PRNewswire/ -- Today, Fireblocks is excited to announce the acquisition of BlockFold, a smart contract development and consulting firm specializing in advanced tokenization projects for financial institutions.
Capita3 Announces Acquisition Of Portfolio Company EmpowerU By FullBloom To Help Young People Thrive In Academics And Life
EmpowerU is a leading provider of evidence-based and tech-enabled student and educator mental health and wellbeing programs that build strong foundations in resilience, motivation, and confidence. , /PRNewswire/ -- Capita3, a Minneapolis based venture capital firm, announced that its portfolio company EmpowerU Inc. was acquired by FullBloom, a leader in early-intervention and evidence-based education and behavioral health solutions that create better life outcomes for children and their families.
Fosun International Has Been Awarded The "ESG Benchmark Awards"
, /PRNewswire/ -- The ESG Achievement Awards 2022/2023 (the "Awards") Ceremony was held in Hong Kong on 22 September. Fosun International was awarded the "ESG Benchmark Awards" Silver Award in recognition of its efforts and outstanding performances in the environmental protection, social responsibility, and corporate governance aspects.
Moody's Affirmed Ba3 Rating And Stable Outlook For SeABank
Financial Technology , /PRNewswire/ -- On September 13, 2023, the international credit rating agency Moody's Investors Service (Moody's) announced the credit rating assessment results for Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB). Moody's has affirmed SeABank's rating at Ba3 and stable outlook. The affirmation of SeABank's ratings with a stable outlook reflects Moody's expectation that the bank's strong and improving capitalization.
Prudential Financial, Inc. And Warburg Pincus Announce Launch Of Prismic Life Re
$10 billion initial reinsurance transaction and $1 billion equity capital investment establishes new reinsurance platform positioned for scale and long-term growth on behalf of customers NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) (Prudential) and Warburg Pincus today announced the launch of Prismic Life Reinsurance, Ltd. (Prismic), a licensed Class E Bermuda-based life and annuity reinsurance company.
Ant Group Digital Technologies Launches ZAN To Provide Blockchain Application Development Products And Services To Web3 Community
HONG KONG--(BUSINESS WIRE)--At this year’s INCLUSION · Conference on the Bund, Ant Group Digital Technologies launched a new brand called ZAN which comprises of a full suite of blockchain application development products and services for both institutional and individual Web3 developers. For institutional customers, ZAN provides a solution to help them issue and manage real world assets (RWAs) in compliance with local regulatory requirements.
ICG Invests 400 Million In Enfinity Global To Fund Its Near-term Growth
Financial Technology , /PRNewswire/ -- ICG, the global alternative asset manager, today announced that its Infrastructure team ("ICG Infra") has signed a definitive agreement with Enfinity Global, a leader in renewable energy, to make a €400 million equity investment to fund Enfinity's near-term growth and the execution of its business strategy.
500 Global Closes US$143M Across Early-Stage And Growth Vehicles For Southeast Asia
SINGAPORE--(BUSINESS WIRE)--Venture capital firm 500 Global today announced the successful close of US$143 million1across its largest Southeast Asian early-stage fund to date, 500 Southeast Asia III, L.P. (500 SEA III), and its growth investment vehicle for Southeast Asia. The new early-stage and growth vehicles demonstrate the team’s commitment to supporting founders in Southeast Asia from pre-seed to pre-IPO.
Arthur J. Gallagher & Co. Acquires Lifesure Group Limited
Financial Technology , /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of UK-based Lifesure Group Limited (Lifesure). Terms of the transaction were not disclosed. Lifesure provides personal lines insurance broking services in the vacation/holiday and leisure industry, with products including park home, motorhome, caravan and leisure home insurance.
LC Financial Holdings Completes Acquisition Of BCM Global, Reinforcing Its Position As A Leading Technology-Driven Credit Specialist
Financial Technology , /PRNewswire/ -- LC Financial Holdings (LCFH) proudly announces the successful completion of the acquisition of BCM Global (BCM), marking the next step in its evolution as a technology-led credit specialist. This landmark acquisition cements LCFH's stronghold in the management of consumer and SME loans, leases and mortgages across Europe.
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