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
First Financial Bank is using the Mobiliti mobile banking platform from Fiserv Inc., among other solutions. The Bessemer, Ala.-based bank is a subsidiary of FirstFed Bancorp Inc.
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Envestnet | Yodlee unveiled its Mortgage Asset Verification product for the U.S. market to provide lenders a way to obtain a report verifying a customer's assets.
Payments and transfers
Blackhawk Network Holdings Inc. will integrate gift cards, e-gifts, loyalty and rewards programs into Apple Pay.
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Vantiv Inc. partnered with e-payment provider PPRO Group to offer international alternative payment methods to Vantiv's merchants.
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Total System Services Inc. renewed its payments agreement with Advanzia Bank SA to continue processing the Luxembourg-based bank's consumer credit card portfolio.
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Mastercard Inc. and Wells Fargo & Co. made available Mastercard Send, a payments service, for Wells Fargo Treasury Management and Wells Fargo Merchant Services customers.
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Western Union Co. enhanced its relationship with Viber to enable Viber users in the U.K. to send money to more than 200 countries and territories through the mobile messaging app.
Insurance and healthcare
Athenahealth Inc. teamed up with ADP to provide payroll and time and attendance services to the small hospital market.
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Verisk Insurance Solutions formed a strategic alliance with Driveway Software to develop a smartphone telematics solution for auto manufacturers, their customers and participating insurers in U.S. and global markets. Verisk Insurance Solutions is a Verisk Analytics Inc. business.
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HealthEquity Inc. rolled out Balance Booster, a new feature that provides members advance access to funds. Account holders with access to this feature no longer have to worry about incurring medical costs early in the year before their health savings account balance has grown.
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Sun Life Assurance Co. of Canada worked with applications developer EquiSoft to launch Sun Life Illustrations across the insurer's adviser network. Sun Life Assurance is a unit of Sun Life Financial Inc.
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Digital Matrix Systems Inc., a risk management solution provider, will help American Family Insurance use data and analytics to execute on customer-driven solutions.
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Independence Health Group Inc., Safeguard Scientifics Inc. and Ben Franklin Technology Partners of Southeastern Pennsylvania are planning for a $6 million funding initiative over a four-year period to grow technology-driven, early-stage healthcare startups in Philadelphia.
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Union Mutual migrated an implementation of SurePower Innovation to the cloud via the SurePackage deployment option. SurePower Innovation is ISCS' modern enterprise insurance platform for personal, commercial and specialty lines of P&C insurance. Union Mutual is composed of Union Mutual Fire Insurance Co., New England Guaranty Insurance Co. Inc., Community Mutual Insurance Co. and Eastern Mutual Insurance Co.
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The Los Angeles County Department of Health Services chose Allscripts' managed care solution EZ-CAP to operate its managed care portfolio.
Investing and trading
Intercontinental Exchange Inc. announced that ICE Data Services' Continuous Evaluated Pricing was integrated into BlackRock Solutions' Aladdin risk and enterprise investment system.
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Forex Capital Markets LLC launched Live Trading Integration with QuantConnect, a cloud-based algorithmic trading platform for strategy creation, backtesting and deployment. Forex Capital Markets is the U.S. entity of FXCM Inc.
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Thomson Reuters Corp. is collaborating with FX analytics specialist BestX to enable buy-side participants using Thomson Reuters FXall and FX Trading to streamline analysis of transaction costs.
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INTL FCStone Inc. introduced Converge, an analytic and risk management platform that allows middle-market participants to manage their commodities exposure.
Data management, cybersecurity and IT
Unisys Corp. created Stealth(aware), a software application that enables organizations to deploy enterprise-wide, micro-segmentation security across extended networks.
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Thomson Reuters released Thomson Reuters ONESOURCE AEOI, a solution to help financial institutions manage the significant regulatory compliance burden of the common reporting standard for the automatic exchange of information proposed by the Organisation for Economic Cooperation and Development.
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Upland Software Inc. rolled out its Eclipse Project Portfolio Management application, which features a new user interface and updated technology stack.
More fintech news
The week in fintech: Online lenders focused on small business grow headcount