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
BNY Mellon launched two services leveraging Volante Technologies Inc.'s VolPay Hub technology. In support of these initiatives, Volante developed its TCH RTP Processor Module in collaboration with BNY Mellon to process real-time payments and to allow a transaction to reach its recipient within 15 seconds or less.
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Blackhawk Network Holdings Inc. linked up with Casey's General Stores Inc. to enable the retailer to offer Amazon Cash to its shoppers who do not have a bank account or prefer not to use debit or credit cards for purchases.
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Western Union Co. launched the Western Union Technology Engineering Centre in India, which will focus on building end-to-end products, solutions and capabilities to deliver digital and retail customer experiences globally.
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Boost Payment Solutions Inc. entered into a strategic alliance with Mastercard Inc. to expand its card-based straight-through processing payment solution in the Caribbean. Boost Payment Solutions is a provider of business-to-business payment technologies.
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Bank of America Merrill Lynch announced a collaboration with PayPal Holdings Inc. that will allow the bank's U.S.-based commercial clients to make payments in local currencies to payees who hold PayPal accounts.
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Visa Inc. upgraded the point-of-sale terminals of select Minneapolis-based small businesses.
Insurance and healthcare
Saint Anthony Health Affiliates, a Chicago-based affiliate of Saint Anthony Hospital, expanded its relationship with Medical Transcription Billing Corp. to include physician revenue cycle management for its radiology group.
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Medidata Solutions Inc. and Syapse teamed up to develop a portfolio of solutions that will give cancer patients access to potentially life-saving clinical trials. Syapse provides precision medicine solutions.
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Premera Blue Cross launched a mobile app for Android and iOS devices, giving customers access to the health plan information they need while on the go.
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Connecture Inc. entered into a partnership with Farm Bureau Health Plans to implement a shopping and enrollment platform for its members in Tennessee that offers individual and family health coverage along with Medicare Supplement products.
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The U.S. Defense Logistics Agency awarded Digital Imaging Network PACS IV contract to Change Healthcare. The contract is a multiyear, indefinite delivery/indefinite quantity contract with a combined five-year base period and one five-year option period. Under the contract, the Military Health System and Veterans Health Administration facilities can procure the full suite of McKesson enterprise imaging solutions, which are now part of Change Healthcare.
Trading and investing
Edelman Financial Services LLC moved to the Envestnet Inc. wealth management platform. In connection with the move, Edelman will equip its financial planners with Envestnet's suite of capabilities to support the Edelman Managed Asset Program.
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Marsh & McLennan Cos. Inc.'s Mercer selected Investment Metrics LLC's platform, which will be deployed across its wealth business in the U.S. to power institutional client reporting, investment analytics and research capabilities. Investment Metrics provides investment analytics, performance attribution, customized reporting and market intelligence software for the institutional investment and wealth management sectors.
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Trade Informatics LLC partnered with BMO Capital Markets to provide it with transaction cost analysis tools to help execute algorithmic trades.
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SEI Investments Co. integrated VASCO Data Security International Inc.'s eSignLive e-signatures into SEI Trade, a secure web-based solution for the on-boarding, subscription and asset raising processes of private funds and wealth managers.
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MSCI Inc. will implement certain enhancements to its MSCI ESG Indexes, including refinement of controversial weapons exclusion criteria, removal of ESG ratings buffer for the MSCI ESG leaders indexes and changes to the values based exclusion screens for the MSCI SRI indexes.
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TIMIA Capital Corp. collaborated with Vancouver-based Finhaven Technology Inc. to create a cryptocurrency-based investment platform. Finhaven Technology is a blockchain-powered investment banking platform.
Security and analytics
Moody's Analytics Inc. and Citigroup Inc. entered into a partnership under which Moody's Analytics will provide cash flow and data analysis for collateralized loan obligations on the Citi Velocity platform.
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F5 Networks Inc. introduced the Super-NetOps initiative, an industry training and community-based program aimed at evolving network operations functions and enabling application services to be delivered through a service model rather than a traditional, ticket-driven approach.
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Underwriting manager Victor O. Schinnerer & Co. Inc., in collaboration with Guidewire Software Inc., introduced a cyber warranty offering for technology solution providers. The offering will leverage Guidewire's Cyence Risk Analytics, a data listening and risk analytics product.
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DST Systems Inc. unveiled a senior and vulnerable investor fraud surveillance module through its risk and compliance intelligence suite, which can help identify potential abuse of elderly or other vulnerable investors.
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Thomson Reuters Corp. added an investment research marketplace on its flagship desktop product Eikon, a solution that enables buy-side firms to purchase research from sell-side contributors.
Data and information management
MSCI entered into an agreement with Confluence Technologies Inc. to help asset managers streamline compliance with SEC modernization and other regulatory reporting requirements.
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Pacific Life Insurance Co. selected OpenText Core to provide internal and external document sharing, expanding collaboration capabilities in the cloud and outside the enterprise firewall. OpenText, The Information Co., offers information management solutions.
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Santander Consumer USA Holdings Inc. will work with automotive technology provider AutoFi to streamline and simplify the car-buying process for consumers, while giving dealers a robust digital sales channel. AutoFi is a financial technology company whose platform allows auto dealers to sell vehicles online by connecting buyers with lenders.
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Cambridge Blockchain LLC entered into a strategic alliance with IHS Markit Ltd. under which the companies will offer integrated reference data, operations and software to support utilities for the collection and management of know-your-customer information.
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DXC Technology Co. launched DXC Agile Process Automation, a digital platform that combines cloud and robotic process automation with embedded artificial intelligence to enhance a company's business processes.
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Thomson Reuters added Accounting CS Bank Feeds to its Accounting CS professional accounting software, allowing accountants to directly import clients' checking, savings and credit card accounts into the Accounting CS platform.
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