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
Boiling Springs Savings Bank and North Shore Trust and Savings chose Fiserv Inc. as a provider of debit card, ATM processing, fraud mitigation solutions and Accel debit payments network.
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WEX Inc. announced a three-year fleet card contract with Verizon Communications Inc. under which the financial technology company will provide more than 25,000 fleet cards to the communications company.
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Mastercard Inc. launched Kionect, a digital ordering system that allows small kiosk owners in Nairobi to order and pay for products from wholesalers via short message service.
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Discover Financial Services will no longer require signatures at the point of sale for credit and debit transactions on the Discover Global Network in the U.S., Canada, Mexico and the Caribbean.
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Apple Inc. launched Apple Pay Cash in the U.S., allowing customers to make person-to-person payments on iPhone, iPad and Apple Watch.
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Fifth Third Bancorp unit Fifth Third Bank picked Fidelity National Information Services Inc. to enable real-time payments for its customers through The Clearing House LLC's RTP, a real-time payments system.
Banking and lending
First Interstate BancSystem Inc. unit First Interstate Bank extended an agreement with Black Knight Inc. for LoanSphere MSP, Black Knight's servicing system that supports first mortgages, as well as home equity loans and lines of credit.
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Dallas-based personal mortgage lender Mortgages USA deployed Ellie Mae Inc.'s Encompass digital mortgage solution.
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Moody's Corp. subsidiary Moody's Analytics rolled out the Lender Application module for banks. The module is designed for use with the Lending Cloud platform, a cloud-based credit management platform. Banks can onboard customers with the Lender Application module to gather loan requirements via mobile device.
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Roostify Inc., a provider of automated mortgage transaction technology, agreed to integrate its platform with Black Knight's LoanSphere Empower loan origination system.
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LendingTree Inc. entered into a multiyear subscription for segmentation analysis and database scoring with Gordian Knot Analytics Group.
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Altisource Portfolio Solutions SA's Premium Title integrated with eClosing technology solutions provider, Pavaso, allowing mortgage lenders to digitally deliver all closing documents to borrowers for review before closing on any device.
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Jack Henry & Associates Inc.'s Symitar division expanded its partnership with credit union service organization Synergent. The organization will expand the use of the Symitar Episys system for core processing throughout the U.S.
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Cathay General Bancorp unit Cathay Bank agreed to implement the Black Knight LoanSphere Empower loan origination system leveraging the Empower Now! implementation model.
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Community First CU, OneAZ CU, Empower FCU, Clark County CU and Alliance CU will leverage core account processing and additional solutions from Fiserv. The credit unions will utilize DNA from Fiserv, an open architecture account processing platform.
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Cross River Bank partnered with Mastercard to launch its Mastercard Cash Pick-Up service, which allows banks and their disburser partners to deliver cash to any vetted consumer through enabled ATMs without the use of a card.
Trading and investing
SS&C Technologies Holdings Inc. launched Comprehensive, an outsourced portfolio monitoring service that offers hypothetical, pre- and post-trade compliance capabilities to credit managers.
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Morgan Stanley's wealth management arm introduced Morgan Stanley Access Investing, an online investing platform designed to help build, monitor and automatically rebalance a diversified portfolio.
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Thomson Reuters Corp. expanded its Connected Risk platform to include a model risk management solution.
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Abel Noser Solutions and FactSet Research Systems Inc. partnered to create a Markets in Financial Instruments Directive II best execution and reporting offering for FactSet clients and their affiliates. Abel Noser Solutions offers compliance software and service solutions.
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US Agriculture picked SS&C GlobeOp to administer its core real estate strategy. US Agriculture offers investors institutional investment experience along with agricultural experience and knowledge.
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Investment Technology Group Inc.'s dark aggregation algorithm, Dark, now offers a workflow that provides traders with a one-click block mode and control over order aggressiveness, order type usage and minimum-fill thresholds with an intuitive urgency parameter.
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Thomson Reuters unveiled I/B/E/S Point in Time, which is built on the company's I/B/E/S Quantitative File System and I/B/E/S historical databases. The solution helps reduce forward-looking and survivorship bias in the buy-side community.
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BizEquity Inc. partnered with Envestnet Inc. to offer patented cloud-based service and product to Envestnet's wealth advisers through the Env 2 platform. Envestnet wealth advisers will receive one free valuation and report from BizEquity that they can use to determine the value of their own business.
Insurance and healthcare
CorVel Corp. implemented its CareMC Edge data integration tool for the insurance carrier marketplace. The adjuster workstation collects claims processing information for integration with legacy claims platforms at workers' compensation insurers.
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United Fire Group Inc. chose Guidewire Software Inc.'s core and data products, including Guidewire PolicyCenter, BillingCenter, Rating Management and Reinsurance Management, for its systems. The insurer chose Guidewire PartnerConnect Consulting Premier member PwC US as system integrator.
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Biopharmaceutical company CytomX Therapeutics Inc. expanded its partnership with Medidata Solutions Inc. to include Medidata Regulated Content Management solutions, eTMF Archive and SOP Management.
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Chubb Ltd.'s risk management division, ESIS Inc., released ESIS Care, a workers' compensation solution that helps with the claims process.
Data and information management
Education Affiliates implemented ADP Vantage HCM, an integrated cloud-based human capital management solution from Automatic Data Processing Inc.
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Broadridge Financial Solutions Inc. expanded its collaboration with Amazon Web Services related to digital innovation across financial services and other industries. Broadridge made available Broadridge Communications Cloud, powered by Amazon Web Services, which helps companies transform static documents into personalized, interactive communications.
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PitchBook Data Inc. unveiled public data changes within the PitchBook Platform, consisting of Morningstar Inc.'s public fundamentals and equity research reports, as well as consensus estimates.
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Under a five-year agreement, UnitedLex Corp. will help create a strategic team to support DXC Technology Co.'s global law function transformation.
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Milliman Inc. will debut its proprietary predictive modeling platform, Solys.
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Upland Software Inc. announced the latest release of its AccuRoute Document Capture and Fax solution.
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Intuit Inc. is offering TurboTax Absolute Zero, allowing taxpayers to file their federal and state taxes for no cost.
Information technology and security
Pegasystems Inc. made available Pega Deployment Manager, a no-code, model-driven capability that enables businesses to accelerate the deployment of new applications and software updates.
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SDL picked Appian Corp. to automate and digitize its core language services business. SDL offers language translation technology, services and content management.
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Mphasis Ltd. chose Fortinet Inc.'s Fortinet Security Fabric solutions to deliver threat protection to its network.
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