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Fintech focus: Wells Fargo signs data exchange agreement with Finicity

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

Rebar Interactive, a media management agency, selected Cachet Financial Solutions Inc. and Central Bank of Kansas City as Rebar's mobile prepaid platform of choice.

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NextGear Capital, an inventory finance company, picked Moody's Analytics ABS System securitization issuance platform, which administers an issuer's structured finance transactions.

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Wells Fargo & Co. reached an agreement with Finicity to provide an application programming interface-based method for sharing Wells Fargo customer information with the financial apps and services Finicity supports. Finicity is a provider of financial data aggregation and insights.

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Fair Isaac Corp. launched FICO Origination Manager Essentials to help smaller financial institutions make small business lending decisions.

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Diebold Nixdorf Inc. unveiled Essence, a new ATM concept that includes an EMV chip card reader to authenticate the consumer.

Also, Diebold Nixdorf is now ready to support the Microsoft Windows 10 operating system.

Payments

EFS, a WEX Inc. company, will continue to provide payment processing solutions for Knight Transportation Inc.'s drivers and brokerage customers. Knight Transportation is a provider of truckload transportation services.

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Under an extended partnership, Visa issuing banks in Asia-Pacific will offer cardholders the ability to checkout anywhere that PayPal is accepted online.

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HyperPay now offers merchants a mobile checkout solution with the ACI Mobile Commerce Software Development Kit, part of ACI Worldwide Inc.'s UP eCommerce Payments solution. HyperPay is a payment service provider in the Middle East and North Africa region.

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Buckaroo, a Netherlands-based payment solutions provider, chose AML Risk Manager, an anti-money laundering solution from Fiserv Inc.

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U.S. customers using Western Union Co.'s mobile app can now pay with Apple Pay when sending money transfers originating in the U.S. to more than 200 countries and territories.

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Net Element Inc.'s PayOnline subsidiary launched Apple Pay support in Russia.

Insurance and healthcare

Saga Services Ltd, a U.K. provider of insurance solutions, chose Guidewire Software Inc.'s Guidewire PolicyCenter, Guidewire BillingCenter, Rating Management, Client Data Management and Guidewire DataHub for policy administration, billing, rating, client data management and analytics.

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IA Financial Group's RESP enrollment tool for financial advisers now includes electronic signature capability. IA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.

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Medidata and pharmaceutical company Karyopharm Therapeutics expanded their partnership to offer machine-learning technology and targeted risk-based monitoring techniques to clinical oncology trials.

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Nonprofit alliance CAQH introduced VeriFide, an electronic solution for primary source verification of healthcare provider information required for health plan credentialing decisions.

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MGIC Investment Corp. unit Mortgage Guaranty Insurance Corp. announced the availability of mortgage insurance through PreApp 1003, a cloud-based mortgage pre-qualification system.

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Change Healthcare added financial counseling and third-­party coverage advocate to its Coverage Discovery solutions.

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GuideWell Connect teamed up with NextHealth Technologies, a medical cost management analytics platform company, to enhance health plan member engagement. GuideWell Connect is a unit of GuideWell Mutual Holding Corp.

Investing and trading

Bats Europe expanded its trade reporting facility, BXTR, to offer a new service that enables buy-side firms to meet their trade reporting obligations under the Markets in Financial Instruments Directive, or MiFID II. Bats Europe is a CBOE Holdings Inc. company.

Analytics

MTBC released its accountable care organization analytics module, which provides trend analyses on practice management workflows and outcomes.

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Through a new alliance, Informa Global Markets' market intelligence on credit markets, fixed income and foreign exchange will be available to investment professionals through FactSet.

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MSCI Inc. rolled out MSCI ESG Metrics, which provides a set of environmental, social and governance metrics for companies that is usable for in-house analytical models or for clients developing their own investment strategies.

Administration

Genpact Ltd. developed a digital finance and accounting solution that uses blockchain technology to help companies manage order-to-cash operations.

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TMX Group Ltd. collaborated with Accenture to develop an electronic shareholder voting system prototype based on blockchain technology.

Real estate and IT

RealPage Inc. unveiled the RealPage Commercial Property Management solution for owners and managers with mid-market commercial office, industrial and retail assets.

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DXC Technology expanded its alliance with Amazon Web Services, making DXC a preferred provider for AWS hybrid and innovation cloud­-enablement services. DXC is the new company formed by the merger of Computer Sciences Corp. with the enterprise services business of Hewlett Packard Enterprise.

Cybersecurity

Fortinet Inc., a cybersecurity solutions provider, expanded its Security Fabric, which features enhanced software-defined wide area networking capabilities.

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VASCO Data Security International Inc. rolled out eSignLive for Salesforce CPQ, allowing documents to be signed securely on any device.

Japan-based Mizuho Bank integrated VASCO's DIGIPASS for Apps mobile application security solution to protect customer transactions through its online and mobile banking applications.

More fintech news

The week in fintech: Investors bet against LendingClub, On Deck in March