Lithic Expands Partner Bank Network with Addition of Stearns Bank

Lithic, the card issuer processing platform powering next-generation financial experiences, today announced a partnership with Stearns Bank, a well-capitalized, Minnesota-headquartered financial services institution with over a century of experience and customers nationwide. This collaboration expands Lithic’s enterprise-grade card program capabilities, enabling fintechs to launch comprehensive consumer and commercial card programs with trusted infrastructure. Through this partnership, Stearns Bank will serve as BIN sponsor across major payment networks for Lithic’s program-managed services. Stearns Bank brings over 100...

Openmarkets enters agreement to combine with Lake Superior Acquisition Corp.

Trading and Wealth Management technology provider Openmarkets Group Pty Ltd, has entered into a plan of merger and business combination agreement (“BCA”) with Lake Superior Acquisition Corp., a publicly traded special purpose acquisition company (NASDAQ: LKSPU). Upon completion, the transaction contemplated under the BCA will result in the newly combined Openmarkets Group becoming a Nasdaq-listed company. The transaction is expected to be completed in 2026 and is subject to regulatory and shareholder approvals and customary...

LCT Surpasses 1M VPP Cancellations Processed

Lender Compliance Technologies (LCT), an emerging leader in compliance solutions for managing finance and insurance (F&I) product refunds, today announced a major operational achievement with the successful processing of more than 1 million voluntary protection product (VPP) cancellations through its cloud-based Refund Control© platform. As regulatory expectations on the state level increase and loan portfolios grow more complex, lenders are seeking proven platforms that can handle volume without sacrificing accuracy, auditability or operational efficiency. The milestone underscores LCT’s ability...

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