Author : Business Wire

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Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Public relations, investor relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented NX network. Business Wire’s global newsrooms are available to meet the needs of communications professionals and news media worldwide.

OTTOMOTO Partners with Algebrik AI to Enhance Embedded Lending with AI-Driven Insights

Business Wire
by Business Wire0
OTTOMOTO, the leading embedded lending platform revolutionizing how dealers and lenders collaborate across auto, RV, powersports, marine, and aircraft industries, is proud to announce a groundbreaking partnership with Algebrik, pioneering the world’s first cloud-native and AI-powered digital era Loan Origination Platform. Algebrik’s innovative platform is designed to address the challenges......

DigniFi Strengthens Leadership Team With the Appointment of New Board Members and Chief Financial Officer

Business Wire
by Business Wire0
Industry veterans Scott Roberts, Rachel Richards, Kenny DellaPorta and Eileen Cavanaugh position the company for strategic growth in 2025 and beyond. DigniFi, a leading FinTech company specializing in access to automobile repair financing, announces the appointment of Eileen Cavanaugh as Chief Financial Officer and the addition of three new board......

1Money Network Emerges from Stealth with Over $20M in Funding to Build the World’s First Stablecoin Payments Network

Business Wire
by Business Wire0
Company Unveils Revolutionary Layer 1 Protocol Purpose-Built and Optimized for Stablecoin Payments Funding Round Includes Participation from F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Portage, Ethereal Ventures, CMT Digital and Other Prominent Global Investors 1Money Co., which is developing the world’s first purpose-built Layer 1 exclusively designed for stablecoins......

Tradable Brings $1.7 Billion in Tokenized Alternative Assets to ZKsync, Secures Strategic Investment from ParaFi Capital

Business Wire
by Business Wire0
Tradable enables efficient asset tokenization to bring institutional-grade investments on-chain Tradable, a pioneering technology company focused on making institutional-quality investments accessible to a broader range of participants, has achieved a significant milestone by tokenizing $1.7 billion of assets across nearly 30 institutional-grade private credit positions. Tradable is now the third-largest......

Cyber Security Regulations Are Breaking the Bank for UK Financial Service Organisations

Business Wire
by Business Wire0
Nearly Half (47%) of UK Businesses Reported Spending Over a Million Euros in the last two years. Ransomware remains the greatest cyber threat to the UK’s finance and banking sector. Costs also deteriorated employee wellness; regulations put enhanced pressure on over half (58%) of UK CISOs. Although the European Digital......

iCapital to Acquire Parallel Markets to Streamline Digital Identity, Investment Onboarding, and Compliance Verification

Business Wire
by Business Wire0
iCapital will introduce the first-of-its-kind reusable KYC/AML passport technology for alternative investments, aiming to eliminate duplicative investor profiles and compliance checks, which saves time and resources. iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries, and Parallel Markets, a leader in reusable......

Upstart Unveils Enhanced Showroom and Auto Financing Solutions that Boost Dealership Sales, Elevate Customer Experience

Business Wire
by Business Wire0
Upstart, the leading AI lending marketplace, announced the largest and most significant set of product enhancements to the In-Store and Financing solutions on its Auto Retail platform. The enhancements empower dealerships to more easily configure and efficiently manage the sales process, desk deals, streamline financing workflows, and close sales more......

Airwallex Invests in Latin America Growth With Brazil and Mexico Entries

Business Wire
by Business Wire0
Amid growing digitization and cross-border opportunities, Airwallex prepares to launch services in Latin America’s two largest economies. Airwallex secures payment institution license in Brazil, with plans to launch services in 2025. Airwallex finalizes acquisition of MexPago, paving the way for integration. Airwallex announced several milestones in its global expansion strategy: securing......

InterPayments Appoints Former Discover Financial Services CEO and President, Roger Hochschild, to Its Board of Directors

Business Wire
by Business Wire0
InterPayments, the leader in compliant managed surcharge solutions, announced the appointment of former CEO and president of Discover Financial Services, Roger Hochschild, to its board of directors. This strategic appointment underscores InterPayments’ mission to empower merchants to manage their cost of acceptance directly and through partnerships with US banks, payment......

Despite Highly Manual Processes, Only 33% of Auditors Say They Use AI, Compared to 76% of Accounting and Finance Professionals

Business Wire
by Business Wire0
A staggering 73% of auditors still spend more than half their time in spreadsheets, struggling with reconciliations, data extraction, and outdated workflows, according to new research by Trullion, an AI-powered accounting and audit platform. Despite the abundance of Excel-based, manual workflows, only 33% of auditors say they currently use AI.......
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