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.
Banking and lending
Emirates NBD, a banking group in the Middle East, partnered with Diebold Nixdorf Inc. to bring its consumers in the United Arab Emirates a digital kiosk that will allow them to sign up for new products and access bank services beyond normal banking hours any day of the week.
PointServ, a provider of verification services for the mortgage lending and financial industries, integrated its consumer financial data set products with LoanSphere Exchange Digital, a secure application programming interface gateway offered by Black Knight Inc. The integration allows lenders and third-party provider systems to exchange data and services, facilitating commerce between application program interface users and providers.
MoneyGram International Inc. launched a money transfer service directly to any bank account in Ghana. The service allows funds to be sent via MoneyGram online or at any one of MoneyGram's thousands of locations around the world.
Texas-based Broadway Bank implemented Fiserv Inc.'s Commercial Center cash management solution.
Virtusa Corp., a provider of digital engineering and IT outsourcing services, and Pegasystems Inc. announced that Massachusetts-based Digital Federal Credit Union implemented a digital customer relationship management system to improve member experiences and improve staff efficiency.
Wallick & Volk Inc., a privately held mortgage company in the U.S., launched a digital mortgage application, WV Simple Mortgage.
Coastal Federal Credit Union and its partners are in the late stages of developing a new financial technology, called Constellation Digital Partners, according to CUInsight.com. The aim of the technology is to build a platform that supports multiple apps for digital banking.
Insurance and healthcare
German insurer Provinzial NordWest selected Moody's Analytics' simulation framework, Economic Scenario Generator, for insurance liability valuations and investment strategy analysis. Moody's Analytics is a subsidiary of Moody's Corp.
DXC Technology Co. announced an agreement to provide insurance business process services to Brighthouse Financial Inc. Under the agreement, DXC will administer 1.3 million in-force life policies and annuities contracts and provide processing support for all newly issued policies and contracts for the annuities and life insurance provider.
ISO, a Verisk Analytics Inc. business, launched a new home healthcare program that provides flexible coverage and extensive rating information to help insurers meet the needs of the rapidly growing home healthcare market.
Georgia Farm Bureau Mutual Insurance Co., a domestic property and casualty insurer in Georgia, selected Sapiens International Corp. NV's Sapiens Property and Casualty Insurance Platform for North America and signed a five-year agreement for continuous implementation and support of the platform for all of its product lines.
Harvard Pilgrim partnered with Wellframe to provide its members with the resources and support needed to address comorbidity, wellness, and social determinants of health.
Trading and investing
INTL FCStone Inc.'s London-based subsidiary INTL FCStone Ltd.'s precious metals division launched a mobile application version of its proprietary trading platform, PMXecute. The platform provides clients with access to liquidity sourced from across the global precious metals markets, nearly 24 hours a day.
S&P Global Platts, an independent provider of information and benchmark prices for the commodities and energy markets, announced the availability of the Platts Jet Fuel Service to all market participants following an initial release to existing customers. In addition, Platts will launch the eWindow online data-entry and communications tool to Jet Barge market participants in July. S&P Global Platts is a division of S&P Global Inc.
Data and information management
SEI Investments Co.'s London-based financial regulation technology incubator, Codify, added five new startups as participants to address technology solutions that tackle various challenges in the financial services industry.
LiveRamp Inc., an Acxiom Corp. company and a provider of identity resolution, announced a data scoring initiative that advances ethical data use and increases the accessibility of audience validation for data buyers in the IdentityLink Data Store. Lucid, the first partner in the program, will provide LiveRamp IdentityLink customers with a new audience measurement capability to help marketers make more educated decisions in data-buying.
CSG Systems International Inc. has partnered with Yaana, a global provider of intelligent compliance solutions, to enable GCI to respond quickly and accurately to notices alleging copyright infringement by GCI's subscribers. GCI is a provider of wireless and wireline voice, video and data communication services to residential, commercial and government customers across Alaska and the Pacific Northwest.
Administration and security
Imperva Inc., a provider of cybersecurity solutions on-premises, in the cloud and across hybrid environments, launched Imperva Attack Analytics. Attack Analytics uses the power of artificial intelligence to automatically group, consolidate and analyze thousands of web application firewall security alerts across different environments to identify the most critical security events.
Mitek Systems Inc. partnered with Experian to add identity document verification and biometric facial comparison to its data services.
VASCO Data Security International Inc., a provider of digital identity security and transaction security, introduced its trusted identity platform. The platform provides companies with a single platform to reduce onboarding- and transaction-related fraud.
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