Several players within the financial technology arena introduced new products and entered into various agreements in recent days. Please send news tips and feedback to news@snl.com. For other recent financial technology news, click here.
Payments
Enmarket Convenience Stores will introduce NCR Corp.'s NCR Mobile Payments solution for fuel retailers across its locations in the coming months. The NCR application enables Enmarket to conduct payments through a cloud-based platform and deliver personalized digital offers to its customers via a mobile app.
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Regal Software, a technology provider in the corporate electronic payments industry, announced an agreement with Mastercard Inc. to enable regional and community banks to offer virtual card payments to their corporate customers without a huge investment in technology.
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Net Element Inc. partnered with VIP Systems Inc., an advanced technology integrator in the hospitality industry, to launch VIP Payments, a payment processing offering aimed at the travel and hospitality industry.
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CPI Card Group Inc., a provider in payment card production and related services, renewed its agreement with PSCU Inc., a payments credit union service organization, under which CPI will continue to serve as the latter's primary manufacturer for its payment card needs.
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EVERTEC Inc. launched its ATH Móvil payment solution for e-commerce websites and mobile applications. The new solution will be available for a limited group of merchants as part of an extended pilot and will be available for all participating business of ATH Móvil Business at the beginning of 2019.
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Lavu Inc., a point-of-sale provider for the restaurant industry, announced a partnership with CardConnect LLC, a First Data Corp. company, to provide restaurants, bars, and other clients with secure payment processing and maximum data breach protection through advanced payment devices featuring PCI-Validated Point-to-Point Encryption and tokenization.
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American Express Co. announced the initial launch of Early Pay, a supply chain finance and dynamic discounting solution, as the newest addition to its suite of business financing options.
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RESAAS Services Inc., a cloud-based technology platform for the real estate industry, launched RESAAS Pay to allow agents to easily send payment for a referral fee through RESAAS.
Banking and lending
FINCA International Inc. launched an innovation platform, Finca Forward, that will facilitate collaboration between early-stage fintech enterprises and microfinance institutions.
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Portuguese retail bank Banco BPI SA will offer cash recycling and more advanced transactions to its customers as part of a refined branch concept with Diebold Nixdorf Inc.'s CS 4090 automated teller machine, or ATM.
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Everi Holdings Inc., a supplier of technology solutions for the casino gaming industry, entered into a three-year agreement with Caesars Entertainment Corp. to provide its CentralCredit services to select Caesars casino properties. The service is used by casino operators to make real-time decisions when it comes to extending credit lines for guests.
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TopLine Federal Credit Union selected Mortgage Cadence LLC to modernize its mortgage operations using Mortgage Cadence's full product suite.
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Bank of the West, Comerica Bank, Dollar Bank, Navy FCU, and Zions Bancorp. NA are among the most recent institutions to have joined the Zelle Network via Fiserv Inc. Zelle is a bank-led P2P mobile payment network that allows consumers to send money directly from their online banking accounts and mobile banking apps with access to funds within minutes when both parties are already registered.
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First Hawaiian Bank selected regulatory-reporting and risk data management solutions provider AxiomSL Group Inc.'s solution to support its compliance with the new current expected credit loss accounting standard for estimating loan loss reserves.
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Fintech startup
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New American Funding, an Orange County, Calif.-based independent mortgage lender, agreed to implement Black Knight Inc.'s Black Knight Servicing Digital solution to provide consumers with personalized, timely information to help them get the most out of homeownership.
Insurance and healthcare
As part of an international InsurTech partnership between Willis Towers Watson PLC and Silicon Valley-based startup innovation platform Plug and Play, Willis will assist in qualifying, mentoring and collaborating with insurtech startups in Plug and Play's global ecosystem.
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Computer Programs & Systems Inc unit American HealthTech Inc., a provider of electronic health records for the post-acute and senior living markets, announced the general availability of two new licensable products designed around key clinical workflow and an improved user experience.
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Canal Insurance Co., a commercial trucking and specialty transportation insurance provider, plans to use Guidewire Software Inc.'s Guidewire Predictive Analytics for Claims to complement Guidewire ClaimCenter, the claims management system it has been using since 2004.
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COUNTRY Financial, an Illinois-based insurance and financial services provider, selected Guidewire Software's Guidewire ClaimCenter as its new claims management solution to replace its homegrown system. COUNTRY Financial is a marketing name for COUNTRY Life Insurance Co., Country Mutual Insurance Co. and their respective subsidiaries.
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BlueRush Inc., a software-as-a-service company providing personalized and interactive video solutions for financial institutions, announced a strategic partnership agreement with Valeyo, a provider of insurance and delivery solutions to the financial services industry.
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Betterview, an insurtech startup, joined Guidewire Software's Guidewire PartnerConnect as a solution partner.
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Applied Systems, a provider of cloud-based software that powers the insurance business, entered into a partnership with Aviva Canada Inc. to drive the adoption of digital technology across the independent brokerage channel.
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Allstate Corp. unveiled Escape Route, a new Allstate Mobile app feature, to help families create and practice fire escape plans using augmented reality.
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Rain and Hail, a division of Chubb Ltd.'s agriculture business, signed a multiyear agreement with Bushel, the grain industry's first software platform, to provide growers an efficient way to automate the sharing of scale tickets from participating elevators, grain buyers and ethanol facilities with their crop insurance agent.
Marketing and analytics
Equifax Inc., a global information solutions provider, launched OptimaHub, a new marketing measurement capability to help brands optimize their campaign performance through multi-touch attribution and customer journey analytics using insights beyond other measurement capabilities in the market.
Trading and investing
GAIN Capital Holdings Inc., a global provider of online trading services, deployed Eventus Systems Inc.'s cloud-based version of the Validus platform to manage the market surveillance program for its futures operation.
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Pursuant to a May 21 marketing partnership agreement between Blackboxstocks Inc., a developer of real-time, web and mobile based analytical software tools for stock and options traders, and TD Ameritrade Holding Corp., Blackbox subscribers are eligible for competitive rates for trading stocks and options on TD's Ameritrade platforms.
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Hyperion Crypto Exchange Inc. entered into an agreement with Stellar to provide support for Stellar-based cryptocurrency assets on the Hyperion exchange. Global Blockchain Technologies Corp. acquired a 12.82% stake in Hyperion earlier in 2018.
Data and information management
ExlService Holdings Inc., an operations management and analytics company, joined the Blockchain in Transportation Alliance, an organization dedicated to determining best practices and standards relating to blockchain in the transportation/logistics/supply chain marketplace.
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Donnelley Financial Solutions, Inc., a provider of risk and compliance solutions, announced the adoption of cloud-native networking company Teridion's Cloud WAN Service to support and enhance Donnelley Financial's virtual data room, Venue, for mergers and acquisitions.
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TriumphPay, a provider of carrier and vendor payment solutions to the supply chain industry, announced a new partnership with freight audit and recovery services provider Intelligent Audit to link supply chain financing and transportation spend optimization solutions.
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Pegasystems Inc. announced a strategic alliance with U.S. audit, tax and advisory firm KPMG LLP to help government agencies improve efficiency, reduce costs, and improve collaboration and the citizen experience.
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IHS Markit Ltd. launched a portal that consolidates critical data for participants in the $1 trillion syndicated loan market. The new portal is a single source for information that lenders, custodians, trustees and other service providers use to track syndicated loan holdings, including position data, asset servicing activity and loan reference data.
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