fintecbuzz - FinTecBuzz

Heffernan Insurance Brokers Announces Advancement of Key Leadership

April 14, 20224 min

Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States, has announced leadership changes as Brian Dantzig, Elizabeth Bishop, and John Tallarida expand their roles within the organization effective January 1, 2022. Elizabeth Bishop, current Executive Vice President, will become Chief Sales Officer for the company, tasked with overseeing key sales strategies, producer trainings, and Heffernan’s niche practices. She will also continue her oversight of Personal Lines, Petaluma Commercial, and Portland operations and will work directly with...

by PRNewswire

Payments

Jianpu Technology Accepted as a Member of the PCAC

April 14, 20226 min

Jianpu Technology Inc. (“Jianpu” or the “Company”) (NYSE: JT), a leading independent open platform for the discovery and recommendation of financial products in China, today announced that Jianpu has officially been accepted as a member of the Payment and Clearing Association of China (the “Association” or “PCAC”). A total of 19 companies and institutions were accepted on the new member list, including emerging banks, financial institutions, fintech companies, and a National Fintech Certification centre. Jianpu is honored to have been accepted as...

by PRNewswire

Payments

Everyware unveils Pay By Text functionality

April 14, 20224 min

Everyware, a leading contactless payments and customer engagement solutions company, today announced the unveiling of its Pay By Text functionality, which allows customers to use their cell phone number to make a payment. This new payment method is paving the industry’s future by eliminating the need to share private payment card data. Through its collaboration with Visa, the world leader in digital payments, Everyware is leveraging Token ID – a Visa Solution, which empowers banks, merchants, regional payments...

by PRNewswire

Investments

Distinguished Programs Announces Investment from noted investors

April 13, 20226 min

Distinguished Programs (“Distinguished” or the “Company”), a national insurance program manager, is pleased to announce that it has entered into a definitive agreement with Aquiline Capital Partners LLC (“Aquiline”) to acquire a majority stake in the Company. Aquiline is a private investment firm based in New York and London with $7.5 billion in assets under management. Financial details of the transaction were not disclosed. In conjunction with Aquiline’s investment, Andy Potash, Founder and CEO of Distinguished, will retain a significant minority equity...

by PRNewswire

Investments

Preferred Securities in rising rate environment-Bramshill Investments

April 13, 20222 min

Bramshill Investments, an award-winning alternative asset management firm, today released its new report, The Case for Preferred Securities in a Rising Rate Environment. The report discusses how preferred securities, an often overlooked and underutilized fixed-income alternative, can offer investors compelling diversification and income opportunities in today’s volatile and rising rate environment. With yields and returns comparable to high-yield fixed income, quality nearing that of investment-grade credits, and low correlation with the fixed income and equity markets, today’s...

by PRNewswire

Banking

Quontic Bank Launches First Ever Payments Ring in the United States

April 13, 20223 min

Quontic’s wearable payment device will allow customers to tap-to-pay at any merchant worldwide that accepts contactless payments. Quontic Bank announced today that it has introduced the first ever tap-to-pay mobile payment ring to the U.S. market. Quontic is an innovative, digital-first, and customer centric bank on a mission to redefine how a bank and its customers conduct business. “Welcome to your debit card, evolved. Quontic is the first bank to offer Bitcoin rewards on a checking account,...

by PRNewswire

Banking

Mascoma Bank Selects Alkami as Digital Banking Platform Partner

April 13, 20225 min

Full technology overhaul sets innovative course for other community banks to follow Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., today announced that Mascoma Bank (“Mascoma”) has selected Alkami’s digital banking platform as part of a full technology stack overhaul with core banking technology firm Thought Machine. This will not only drive future growth for Mascoma, but also serve as a model for other community banks to...

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