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In This List

Fintech focus: Willis Towers Watson upgrades analytical tools for risk management; Western Union creates trading platform

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Fintech focus: Willis Towers Watson upgrades analytical tools for risk management; Western Union creates trading platform

Several players withinthe financial technology arena introduced new products and entered into variousagreements in recent days. Please send news tips and feedback to news@snl.com.For other recent financial technology news, click here.

Banking and lending

RivermarkCommunity Credit Union enhanced its digital banking experience to include the onlinebanking and mobile banking solutions of Digital Insight Corp., an NCR company.


Starkey Mortgage decided on Docutech, a provider of compliance anddocumentation technology, to offer the lender more loan document and disclosuresupport. Docutech is able to directly integrate with LoanSphere Empower,Starkey Mortgage's newly installed, loan origination system from

Payments and retail

Cuscal Ltd., a payments solutions provider in Australia,selected IntegratedCurrency Manager, Device Manager and Terminal Connect from The new solutions will enableCuscal to extend its services to include more automated, integrated cash andATM network management capabilities.


ProPay, a Total System Services Inc. company, Samsung Pay to its solution suite.


NCRCorp. rolledout the NCR StorePro, a point-of-sale solution for independentretailers with less than 250 stores in Europe, Middle East and Africa.

SPAR, a supermarket chain in Austria, the cashless NCR SelfServ 90self-checkouts and NCR FastLane software in three locations in Vienna and Graz.SPAR is considering rolling out the technology to its other locations.


IPaymentInc. teamedup with Womply to add Insights to its iAccess customer engagement portalthat offers business management, advanced reporting and analysis, andreputation management for small and medium-sized businesses.


Through ACIWorldwide Inc.'s OfficialPayments.com and PayNearMe, U.S. taxpayerscan make payments tothe IRS at participating 7-Eleven stores using the scan of a PayNearMe barcodeon a smartphone.


BitRush Corp. inked an agreement with payment services provider WaveCrest Holdings Ltd., enabling BitRush to integrate the payment networks ofVisa Inc. andMasterCard Inc. intoits blockchain-based cryptographic P2Nex payment platform.


MoneyGramInternational Inc. and DSK Bank kicked off an international service that enables DSKBank account holders in Bulgaria to securely conduct money transfers using amobile device.

Insurance and healthcare

MidlandNational Life Insurance Co. launched an electronic application system for fixedannuity products that would allow financial professionals to submit annuityapplications online.


UniversalInsurance Holdings Inc. will debut Universal Direct, a direct-to-consumer onlineplatform for Universal Property& Casualty Insurance Co. products, in March to consumers inPennsylvania. The site will be available in additional states in the coming months.


PinpointCare enhanced its relationship with DuPage Medical Group tomanage payments for the physician organization's Blue Cross Blue Shieldvalue-based care insurance program and for Medicare Advantage. The partnershipwill also handle data management and commercial services related to the paymentplans.


Ventus Risk Management will use Marsh Insurance Services Group's Dovetailplatform to improve its agency service in the small commercial market. MarshInsurance Services Group is a division of Marsh LLC, a unit of Marsh & McLennan Cos. Inc.


Colonial Life& Accident Insurance Co.'s broker customers benefits administration atno ongoing cost from Zero PEPM, a new solution through benefits administrationsoftware company Common Census.


Zurich Gruppe Deutschland Guidewire Software Inc.'s Guidewire InsuranceSuite asits new platform for underwriting, policy administration, claims management andbilling.

NationwideMutual Insurance Co. selected the complete set of Guidewire Digital Portalsto complement the company's investment in Guidewire InsuranceSuite.


UniversalHealth Services Inc. will deploy Cerner Corp.'s clinically driven Millennium RevenueCycle, which will integrate with Universal Health's existing Cerner Millenniumelectronic health record and HIM health information technology functionality.


ISO willcollect, aggregate and analyze cyber insurance data to help addressthe need for more detailed underwriting and rating information. ISO is aVerisk Analytics Inc.business.


Willis TowersWatson Plc released its newest analytical offerings to helpcompanies diagnose exposures related to cyber-risk, natural catastrophes andworkers compensation. The company also enhanced the versions of its coreanalytics tools, which provide insights for risks, including casualty-relatedlosses, and directors and officers liability.


CignaCorp. upgraded its online comparison tools for dentalpreferred provider organization customers. The enhancements includepersonalized out-of-pocket costs by service and by dental office as well asdetailed profiles about dentists.


Farmers Insurance unveiled its Enterprise First Notice of Loss system toprovide customers with a single platform to capture new loss information andadvance the claims process. Farmers Insurance Exchange is the largest of the three primaryinsurance insurers that make up Farmers Insurance.


ChubbLtd. added several features to its Worldview risk managementportal, including an increased availability of the multinational research tool.


Magellan Rx Management was selected as a preferred provider in Mercer's RxOptions, a pharmacy collective program for plan sponsors with 50 employees to1,500 employees. Magellan Rx Management is a division of


Safe AutoInsurance Co. chose One Inc.'s InsureOne Suite as the company's corepolicy and agency management system.


Aon Benfield will debut its ABConnect Placements, a platform thatwill provide an integrated and documented process for global treaty reinsurancetransactions. Aon Benfield is the global reinsurance intermediary and capitaladviser of Aon Plc.


The WRC Group picked ISCS's cloud-based modern enterprise suite,SurePower Innovation, as the policy administration platform for 's agents and policyholders.

Investing and trading

Monex Inc., an online trading broker in Japan, tosupport its Japanese equity and investment trust processing business. Monex isa unit of Monex GroupInc.


Western Union Business Solutions, a business segment ofWestern Union Co.,unveiled WU EDGE,its digital platform that will enable small and medium-sized enterprises totrade internationally.


ThomsonReuters Corp. entered into a strategic collaboration with Japanesefintech venture Finatext to develop a new fintech service for local and foreignfinancial institutions as well as individual investors.


AssetMarkInc. createdPortfolioEngine, a modeling tool that enables advisers to build, compare andtest portfolio strategies to determine the impact that recommended investmentselections could have on their clients' financial goals in times of marketvolatility and growth.


PaychexInc. nowoffers solutions to assist financial advisers in meeting the newrequirements from the U.S. Department of Labor's final version of its conflictof interest rule.

Administrationand IT

Dongfeng Motor Corp., a China-based automaker, 's softwareplatform, NetSol Financial Suite - Wholesale Finance System, to manageoperations and financing activities.


The San Bernardino Community College District 's ADPVantage HCM to upgrade its human resources and payroll systems.

Automatic Data Processing's Global Payroll Servicesare now available inseven additional locations: Angola, Azerbaijan, Guam, Mozambique, Puerto Rico,Tanzania and Zambia.


UnisysCorp.'s Service Management Government Cloud offering in a pilotprogram led by the U.S. General Services Administration to speed up reviews forcompliance to U.S. government standards for quality and security of cloud-basedproducts and services.


Mynewsdesk, a newsroom and multimedia PR platform,opted for 's solution toreplace its incentive compensation management system.