The partnership between Lendistry and First Independence Bank is aimed at addressing the financial needs of underserved small business owners, particularly those from minority-owned, women-owned, and low-income communities. This collaboration provides an alternative financing option for businesses that may not initially qualify for traditional commercial financing from First Independence Bank. Here are some key points…

The announcement regarding Numerix’s acquisition of PolyPaths signifies a significant development in the financial technology and risk management industry. Numerix, a global leader in capital markets risk management technology, has acquired PolyPaths, a well-regarded provider of analytics and risk management solutions for financial institutions. Key highlights and implications of this acquisition include: Numerix’s goal is…

WaterStone Bank, headquartered in Wauwatosa, Wisconsin, has announced that it will be upgrading its technology stack and migrating its commercial, consumer, and residential lending activities to the nCino Cloud Banking Platform. WaterStone Bank, established in 1921, offers a range of personal and business banking products and services, and they are focused on providing personalized services…

FullCircl, a Customer Lifecycle Intelligence (CLI) platform, has announced that its full suite of APIs is now available on Google Cloud Marketplace. This partnership is designed to provide regulated businesses with better access to company information and business intelligence, enabling them to discover, onboard, and secure more customers. Here are some key points about this…

Achieve, a leader in digital personal finance, and Cross River Bank recently completed the issuance of the first pass-through certificates backed by Achieve Personal Loans. This new financial product is known as the Achieve Personal Loan Master Pass-Through Trust, Series 2023-1 (APLPT 2023-1) and is backed by approximately 1,500 Achieve Personal Loans with a total…

Dwolla Connect is an API solution provided by Dwolla, a leading payment services company, designed for mid- to enterprise-sized businesses. It offers a more streamlined and modern approach to handling payments, replacing legacy batch-based technology and enhancing the management and reconciliation of payments across multiple financial institutions. Here are some key points about Dwolla Connect:…

Alkami Technology, Inc. (Nasdaq: ALKT) is a prominent provider of cloud-based digital banking solutions for financial institutions in the United States. The company has recently launched an Engagement AI Model through its AI Predictive Modeling solution, marking a groundbreaking development in the industry. This innovative model combines artificial intelligence (AI), machine learning (ML), and Alkami’s…

Tookitaki has launched its Compliance-as-a-Service (CaaS) solution, aimed at providing small and mid-size financial institutions with cost-effective access to their Anti Money Laundering Suite (AMLS). This SaaS offering is designed to enhance efficiency and ease of use for financial institutions globally. Key features of this solution include: About Tookitaki Tookitaki’s Compliance-as-a-Service solution appears to offer a…

The announcement from Momnt regarding the launch of “Acorn Finance powered by Momnt” represents a significant partnership in the financial technology sector, particularly focused on providing comprehensive solutions for home improvement merchants in the United States. Here are some key points from the announcement: Overall, this partnership aims to provide a more seamless and efficient…

The announcement highlights a strategic minority equity investment by LoanPro, a market-leading modern lending platform, in TrueNorth, a prominent global financial technology services company. This investment signifies a closer partnership between the two organizations and is aimed at driving innovation and delivering added value to their customers in the financial services industry. Here are the…