finance - FinTecBuzz

BGL Announces New Partnership Between Utitec and Cadence

February 22, 20233 min

Brown Gibbons Lang & Company (BGL), a leading investment banking and financial advisory firm, is pleased to announce a new partnership between Utitec, Inc. (Utitec), a manufacturer specializing in miniature, deep drawn medical device and commercial components, and Cadence, Inc. (Cadence), a leading contract manufacturer of medical and drug delivery devices and specialty commercial products. BGL’s Healthcare investment banking team initiated the transaction and acted as the exclusive financial advisor to Utitec. The specific terms of the transaction...

by PRNewswire

Investments

Petra Funds Group Appoints Adam Weiss as Head of Credit

February 22, 20235 min

Former Riverstone Holdings COO of Credit Joins Petra as Managing Director

by PRNewswire

Payments

True Impact of Failed Payments Report: LexisNexis® Risk Solutions

February 22, 20237 min

Each Rejected or Repaired Payment Costs Businesses an Average of U.S. $12.10

by BusinessWire

Risk Management

Mastercard Announces Leadership Appointments

February 22, 20233 min

Karen Griffin to become the company’s Chief Risk Officer Jennifer Rademaker to lead the company’s future of work experience Mastercard (NYSE: MA) today announced the creation of two new leadership positions to accelerate the company’s delivery against its strategic priorities. Karen Griffin, currently the company’s Chief Compliance Officer, will take on a new role as Chief Risk Officer. The ability to manage an organization’s risk appetite in order to maximize growth opportunities has become increasingly...

by PRNewswire

Banking

Veritran Promotes Greynier Fuentes to VP, Sales & Digital Strategies

February 22, 20235 min

Fuentes will define the company's digital and sales strategy in the US and Canadian markets and drive adoption of digital solutions in the financial industry

by BusinessWire

Insurance

Auto Insurers Taking AI Broader, Deeper Across Claims in 2022

February 22, 20235 min

CCC Intelligent Solutions Reports Use of Advanced AI for Claims Processing Grew 60% YOY Tech leader also reports processing more than 14M unique claims with advanced AI through 2022 CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform powering the P&C insurance economy, today announces an update to its insurer AI adoption report, which for the third straight year shows significant growth in the adoption of AI in auto claims. The company reports the application...

by GlobeNewswire

Platforms

Nest Egg Integrates GPT-3 AI Tech into Consumer Investing Platform

February 22, 202310 min

GoLogiq, Inc. (OTC: GOLQ), a U.S.-based global provider of fintech and consumer data analytics, announced that Nest Egg Investments has completed the integration of GPT-3 Artificial Intelligence (AI) technology into its consumer investing platform and mobile app. GoLogiq and Nest Egg recently signed a definitive mutual share exchange agreement in all-stock merger transaction valued at $30 million. Nest Egg brings to GoLogiq a streamlined mobile solution for discovering, planning, and automating retirement savings. The solution includes investment products and...

by PRNewswire

Payments

EleVia Software Announces New Integration

February 21, 20234 min

EleVia Software, a Newforma company and provider of financial and field software for professionals in the architecture, engineering, and construction (AEC) industry, has announced a new integration between EleVia’s EVPay and A/R Management & Collections modules. With this new integration, Elevia customers can drastically reduce their Days Sales Outstanding (DSO) by enabling their customers to pay overdue invoices in seconds with a credit card or ACH transaction by simply clicking the “pay now” link automatically...

by BusinessWire

Insurance

FINEOS and Empathy Partner

February 21, 20234 min

Through interlocking technology and user experience, the companies will enhance the claims journey for life insurers and the families they serve

by BusinessWire

Insurance

Socotra Targets European Expansion for Its Global Growth Strategy

February 21, 20234 min

Socotra’s move is driven by accelerated demand for its API-driven, cloud-first technology, which increases insurers’ speed-to-market at lower cost

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