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 firstname.lastname@example.org. For other recent financial technology news, click here.
Banking and lending
Green Country Federal Credit Union chose Portico core account processing platform and digital and mobile banking solutions from Fiserv Inc.
Jones Lang LaSalle Inc. picked SS&C Technologies Holdings Inc.'s Precision LM commercial/multifamily loan management solution for its agency lending operations.
Citizens Bank collaborated with Fundation Group LLC to offer digital lending capabilities to small business customers.
Fundation Group is a digitally-enabled lender and credit solutions provider to regional and community banks.
Citizens Bank NA and Citizens Bank of Pennsylvania are units of Citizens Financial Group Inc.
State Street Corp. tested over the course of seven months a blockchain system for securities lending, Reuters reported.
CardConnect Corp. released a beta version of Bolt P2PE, a cloud-based application programming interface terminal integration solution. Bolt P2PE allows software companies to integrate their applications with payment card industry-validated point-to-point encryption and EMV devices for card-present transactions.
Under a long-term agreement with Chevron U.S.A. Inc. division Chevron Products Co., WEX Inc. unit WEX Bank will issue and operate Chevron- and Texaco-branded commercial fleet cards starting January 2018.
Under a partnership, Payment Data Systems Inc. will serve as a payment processor for The Mortgage Office suite of products from loan servicing software provider Applied Business Software.
JetPay Corp.'s payment solutions will be available as options for GolfNow partner golf facilities in the U.S.
Golf Channel affiliate GolfNow is a technology company that focuses on golf-related products and services.
Asia's Maybank and Western Union Co. introduced Maybank2u mobile banking app, a digital remittance service in Malaysia.
Net Element Inc. partnered with E2Exchange Ltd., an organization that facilitates entrepreneur-to-entrepreneur information exchange, equity-funding transactions, and recruitment. The partnership allows members of E2Exchange to access Net Element's payment services offering.
Under a long-term agreement with The Toro Co. for a revolving private-label credit card program in the U.S., Citi Retail Services will offer and service Toro and Exmark original equipment manufacturer-branded cards.
Toro provides outdoor maintenance equipment.
Verisk Insurance Solutions agreed to allow Duck Creek Technologies customers to access the Verisk Data Exchange, a data exchange for driving history. Duck Creek will receive driving data and risk scores from Verisk through a Verisk-built application programming interface.
Duck Creek Technologies is a provider of P&C insurance software services.
Verisk Insurance Solutions is a Verisk Analytics Inc. business.
Sales, marketing and customer engagement
Southeastern regional restaurant chain Bojangles Inc. will use NCR Corp.'s digital signage solution, NCR Vitalcast, at its company-owed locations. Approximately 25 Bojangles restaurants are using the NCR Vitalcast digital signage, and more restaurants are expected to use the solution in 2017.
PNB Metlife rolled out conVRse, a virtual reality customer service platform. Using a VR headset, customers can interact with a life insurance expert in a 3D simulated environment.
PNB Metlife is MetLife Inc.'s joint venture partnership in India.
Under a partnership, software-as-a-service provider Deskera Holdings Ltd. and Visa Inc. will provide SaaS to small and medium-sized businesses through the Visa Business Hub in Singapore.
MFA Cornerstone Consulting deployed Workiva Inc.'s Wdesk for its clients' internal control and compliance with the Sarbanes-Oxley Act. Wdesk also helps MFA Cornerstone Consulting's clients incorporate internal audit into their compliance and reporting processes. MFA Cornerstone Consulting provides comprehensive business, performance and controls, and IT consulting.
Genpact Ltd. and Hyatt expanded their engagement pursuant to which the financial technology company will apply its business model for finance and accounting to Hyatt's financial operations in Europe, Africa, the Middle East and Asia.
Hospital The Dudley Group NHS Foundation Trust picked Allscripts Healthcare Solution's Allscripts Sunrise as its new electronic health records solution and Allscripts dbMotion Solution to provide community-wide interoperability.
Investing and trading
Jackson National Life Insurance Co. unit Jackson National Asset Management LLC chose IHS Markit Ltd.'s fixed income pricing and equity fair value solutions.
With the integration of Luminex with Investment Technology Group Inc.'s Triton blotter, FMR LLC unit Luminex Trading & Analytics LLC allowed ITG's buyside clients to access the Luminex buy side-only pool of natural liquidity.
Taiwan's Bureau of Labor Funds chose MSCI Inc. as the benchmark provider for its corporate social responsibility portfolios. The bureau will use MSCI's ACWI ESG ex Selected Sub-Industries Quality Mix E Series Capped Index, which combines exposure to companies with high environmental, social and governance performance relative to their sector peers with three MSCI factor indexes: MSCI's Quality Index, MSCI's Enhanced Value Index and MSCI's Minimum Volatility Index.
Data and information management
Qbeats added Morningstar Inc. articles to its publishing platform. Qbeats customers can access Morningstar content on a pay-per-view basis.
Qbeats applies quantitative science to index the world's content and determine its fair market value.
More Fintech news
The week in fintech: Befriending banks