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Fintech focus: Ex Matrix Financial prez to help PE firm form fintech platform

Several players in 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.

Banking and lending

The Russian Post Bank chose Diebold Nixdorf Inc. to provide 3,200 self-service cash recycling systems together with software and services.

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VA Desert Pacific Federal Credit Union and East Idaho Credit Union picked Symitar EASE, the outsourced delivery model of the Episys core processing platform. Symitar is a division of Jack Henry & Associates Inc.

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Black Knight Financial Services Inc.'s Data & Analytics division upgraded its AFT Prepayment and Credit Model, a competing risk model that calculates prepayment, default and loss probabilities related to mortgage performance.

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DMTI Spatial's Unique Address Identifier will be incorporated within FNF Canada's DataHub to integrate geospatial location and accurate addressing information data. FNF Canada, a unit of Fidelity National Financial Inc., is a provider of national mortgage, appraisal and loan related services to Canadian lenders.

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ValuAmerica, a provider of appraisal, title, closing and settlement services, linked up with Pavaso Inc., a provider of digital closing solutions for the mortgage industry, to implement Digital Close to facilitate eClosings. ValuAmerica is wholly owned by Clayton Holdings LLC, a unit of Radian Group Inc.

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Fiserv Inc. enhanced LoanServ, which is aimed at loan servicers.

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Bank of Nova Scotia and Cardtronics plc announced a long-term renewal of the companies' ATM branding relationship in Canada.

Payments

Through a joint digital marketing partnership, Mach One Media Group, a digital advertising and marketing agency, will resell Spindle Inc.'s CATALYST payments gateway and merchant services solutions.

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Mitek Systems Inc. will enable B2B mobile payments on the Ariba Network, a business-to-business trading platform.

Synchrony Financial implemented Mitek's Mobile Fill for its in-store credit application process.

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Payments infrastructure provider Egyptian Banks Co. for Technological Advancement is migrating to ACI Worldwide Inc.'s retail payments solution to support a network of payments and clearing systems.

Bitcoin payment processor Payment21 and ACI Worldwide announced a strategic collaboration enabling payment service providers to offer merchants anti-money laundering-compliant bitcoin acceptance via ACI's UP eCommerce Payments solution.

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Through a partnership, Unified Payments will offer Planet Payment Inc.'s multi-currency pricing to its portfolio of online merchants. Unified Payments is a unit of Net Element Inc.

Insurance and healthcare

Chubb Ltd.'s new online system will help independent agents quote and issue a workers' compensation policy for small businesses.

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XL Catlin teamed up with Startupbootcamp InsurTech to provide insurance technology startups access to certain resources, including mentorship and angel investors. XL Catlin is the global brand used by XL Group Ltd's insurance and reinsurance companies.

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JLT Re partnered with flood modeling company KatRisk to bring flood risk modeling capabilities to clients across Canada. JLT Re is part of Jardine Lloyd Thompson Group Plc.

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Hanover Insurance Group Inc. launched HanoverProRisk, an online portal featuring risk management tools for the professional liability industry.

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GEICO is transitioning to Duck Creek Technologies' policy and billing software.

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Maury Regional Health picked Cerner Corp. to implement an enterprise-wide electronic health record system across its hospitals and outpatient facilities.

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The Leukemia & Lymphoma Society selected Medidata Solutions Inc.'s Medidata Clinical Cloud for its novel trial for acute myeloid leukemia.

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A tier one insurer chose Majesco's enterprise consulting services and business transformation framework, application development and management services, among other things.

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VASCO Data Security International Inc.'s eSignLive e-­signature solution was integrated into PointClickCare's Document Manager solution. PointClickCare Technologies Inc. is a platform for the senior care continuum.

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USAA Life Insurance Co. will allow consumers to use electronic health records in purchasing life insurance.

Investing and trading

BGC Partners Inc. unit GFI Group Inc. signed a data distribution agreement with DataGenic, under which DataGenic will serve as a licensed carrier of GFI European Energy data. DataGenic is a provider of Smart Commodity Data Management solutions.

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Private equity firm Parthenon Capital Partners and M2 Group Holdings LLC formed a strategic partnership with John Moody, co-founder and former president of Matrix Financial Solutions, to build a financial technology platform for retirement plan, bank trust and wealth management providers.

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SS&C Technologies Holdings Inc. made available Vision FI, a client communications platform for investment managers.

Compliance

Dun & Bradstreet Corp. unveiled the D&B Beneficial Ownership, a solution that provides data for actionable management of regulatory compliance.

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Workiva Inc. and Armanino LLP, an accounting and business consulting firm, entered into a strategic partnership to assist companies with their financial reporting and compliance.

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Thomson Reuters Corp. will make available its World-Check content within the SAP Business Partner Screening application to help organizations manage their third-party compliance and risk challenges.

IT and analytics

As part of an expanded partnership, LiveAction's insight, assurance and control of infrastructure and applications will be integrated across ePlus Inc.'s managed services portfolio. LiveAction is a provider of IT network management, visualization and analytics.

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Albridge Solutions Inc. will provide INR Advisory Services LLC its integrated data aggregation and performance reporting solution, Albridge Wealth Reporting. Albridge Solutions is an affiliate of Pershing LLC, a BNY Mellon company.

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Automatic Data Processing Inc. launched Pay Equity Explorer, which uses analytics and benchmarking data to help organizations improve their understanding of how they pay employees.

Cybersecurity

International Business Machines Corp. and SecureKey Technologies are working together to enable a new digital identity and attribute sharing network based on IBM Blockchain.

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Imperva Inc. introduced Imperva FlexProtect, which gives access to Imperva SecureSphere and Imperva Incapsula to help customers protect their applications.

Sales

Pegasystems Inc. enhanced artificial intelligence capabilities in Pega Sales Automation to help businesses with their sales cycles.

More fintech news

The week in fintech: Bringing blockchain from theory to practice

Pegasystems launched Pega Service Ventures, a corporate venture initiative to assist startup and emerging implementation service partners. Pega Service Ventures seeks companies that provide local resources to clients with industry expertise and thought leadership in digital transformation, customer engagement and operations.