Feed aggregator
Accelerant Announces Public Launch of Revolutionary Digital Platform with Enhanced AI Capabilities
ATLANTA--(BUSINESS WIRE)--Accelerant, the private equity-backed unicorn focused on the specialty insurance market, today announced the public launch of its digital platform, app.accelerant.ai. Since 2023, Accelerant’s MGA Members and internal teams have leveraged the digital platform for comprehensive risk analytics. Now insurers and risk capital partners can harness the same powerful tools to optimize risk management and drive superior underwriting results. In addition to expanding the univers
The Modern Data Company Launches Industry's First Business-Ready Data Product Hub
PALO ALTO, Calif.--(BUSINESS WIRE)--The Modern Data Company, a pioneer in data products that radically simplify how enterprises activate their data, today announced the Data Product Hub, a powerful new addition to its DataOS® platform. The Data Product Hub streamlines data consumption, serving the majority of data product use cases and enabling business users to leverage data products independently. The DataOS Hub democratizes access to trusted data and accelerates digital transformation across
Varro Receives $20 Million from Vitalik Buterin to Support Development of Cutting-Edge Pathogen Biosensor Technology
NEW YORK & ST. LOUIS & SINGAPORE--(BUSINESS WIRE)-- #ETH--Varro Holdings, Inc. (“Varro”), an emerging leader in products that disrupt the transmission of infectious disease, today announced it has entered into an agreement with Vitalik Buterin to receive 20 million USDC (equal to $20 million) in non-dilutive financial support for the development of its novel pathogen detection technology, and to make the technology available via open source. The funds will be provided via Buterin’s scientific finance
McCarthy Hatch Unveils FSAi Risk Engine; New Report Highlights Elevated Risk Surrounding Auto Loan Origination and Servicing
DALLAS & WASHINGTON--(BUSINESS WIRE)--McCarthy Hatch, a leading tech-enabled financial services consulting firm, today unveiled FSAi, an innovative technology designed to help financial institutions proactively identify potential consumer harm before it escalates and minimize regulatory penalties. FSAi empowers financial institutions to reduce risk in real time, allowing them to proactively address potential issues before they intensify. This enables them to take swift corrective actions, ensur
Tungsten Automation Announces Mike Verdeyen as New Chief Technology Officer
IRVINE, Calif.--(BUSINESS WIRE)--Tungsten Automation, formerly Kofax, is excited to announce the appointment of Mike Verdeyen as its first Chief Technology Officer (CTO). In this role, Mike will lead all technology functions within the company, overseeing research and development, information technology, cloud services, compliance and information security. Mike brings over 20 years of relevant leadership experience, having held senior positions at several enterprise software companies, includin
U.S. Bancorp to speak at the BancAnalysts Association of Boston Conference
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp to speak at the BancAnalysts Association of Boston Conference
Iron Bow Technologies Honored with Prestigious OnCon Icon Award for Talent Acquisition
HERNDON, Va.--(BUSINESS WIRE)-- #GowiththeBow--Iron Bow Technologies, the next-generation technology solutions provider to commercial, government, and healthcare markets, today announced it has been awarded the esteemed OnCon Icon Award for excellence in Talent Acquisition. The OnCon Icon Awards celebrate outstanding achievements of top organizations and teams worldwide. This recognition is determined through peer and community voting. Voters select teams that demonstrate a meaningful impact within their own o
GoldenTree Asset Management Announces Closing of $599 Million CLO Under GLM Strategy
NEW YORK--(BUSINESS WIRE)--GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $599 million collateralized loan obligation (“CLO”) to be managed by GLM III. With the closing of this CLO, GoldenTree Loan Management US CLO 22 (“GLM US CLO 22”), GoldenTree has issued 29 CLOs totaling approximately $16 billion under its GLM CLO strategy. Since its inception in January
VSS Capital Partners Completes Growth Investment in Lane Four
NEW YORK--(BUSINESS WIRE)--VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, education, and business services industries, today announced that it has completed a growth capital investment in Lane Four Consulting (“Lane Four” or the “Company”), a consulting partner to North American growth companies that seek to optimize and scale their go-to market operations using Salesforce. Lane Four’s founder and CEO, Andrew Sinclair, maintains a majority interest in the C
Allvue Systems Unveils Fund Administration Essentials to Power Growth for Fund Administrators and Their Clients
NEW YORK--(BUSINESS WIRE)--Allvue Systems has launched Fund Administration Essentials, a fully integrated software suite, for emerging fund administrators.
Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)
BOSTON--(BUSINESS WIRE)--The following closed-end funds reported sources of distribution for October and this fiscal year to date. Distribution Period: October 2024 Ticker Taxable Funds Distribution Amount Per Share PHD Pioneer Floating Rate Fund, Inc. $0.0925 Ticker Tax-Exempt Funds Distribution Amount Per Share MAV Pioneer Municipal High Income Advantage Fund, Inc. $0.0325 MHI Pioneer Municipal High Income Fund, Inc. $0.0350 MIO Pioneer Municipal High Income Opportunities Fund, Inc. $0.05
Revlon Highlights Benefits of Recently Announced Senior Secured Asset-Based Credit Facility
NEW YORK--(BUSINESS WIRE)--Revlon Group Holdings LLC (“Revlon” or the “Company”) today provided additional details around the benefits of its recently upsized and enhanced credit facility. As previously announced on September 30th, Revlon Intermediate Holdings III LLC and certain of its subsidiaries entered into a five-year senior secured asset-based credit agreement (the “Credit Agreement”) with MUFG Bank, Ltd., as administrative agent, and the lenders party thereto. The Credit Agreement provi
WSFS CARES Foundation Supports Community Organizations with $105K in Third Quarter Grants
WILMINGTON, Del.--(BUSINESS WIRE)--The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to two organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the third quarter by the WSFS CARES Foundation board, will support the following organizations: Pathways to Success ($160,000 Grant to be paid over two years) Pathways to Success, based in Georgetown, Del., was esta
Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented, Redfin Reports
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17, according to a new analysis from Redfin, the technology-powered real estate brokerage. The average buyer’s agent commission for homes sold in October was 2.34%, ticking down just one basis point from 2.35% for homes sold in August, when the new changes took effect. That’s down from an average of 2.45
CW Bancorp Reports Q3 2024 ROA 1.11% and ROTE of 15.64%
IRVINE, Calif.--(BUSINESS WIRE)-- #businessbanking--CW Bancorp (OTCQX: CWBK), the parent company (“the Company”) of CommerceWest Bank (the “Bank”) reported consolidated net income for the third quarter of 2024 of $3,131,000 or $1.03 per diluted share as compared to $5,234,000 or $1.61 per diluted share for the third quarter of 2023, an EPS decrease of 36% and net income for the nine months ended September 30, 2024 of $9,208,000 or $2.99 per diluted share as compared to $14,066,000 or $4.26 per diluted share for t
Fiserv Furthers Investment in Small Business Success, Unveiling All-in-One Clover Solutions for Restaurants, Retailers and Service Businesses
MILWAUKEE--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, is empowering small business growth through an enhanced suite of industry-specific solutions from Clover. Built with small business owners in mind, these 'all-in-one' solutions combine flexible hardware with software that addresses the unique needs of individual businesses, providing restaurants, retailers, and service-based businesses with the vertical-specifi
Prometheum Hires Jon Brubaker as Head of Communications
NEW YORK--(BUSINESS WIRE)--Prometheum Inc., the leading market infrastructure provider for digital asset securities, today announced it has appointed Jon Brubaker as Head of Communications. Brubaker will oversee an integrated communications strategy for Prometheum Inc. and its subsidiary broker-dealers, Prometheum ATS and Prometheum Capital, focused on deepening engagement with key stakeholders. “So much of our job is to build an audience and convey the value of integrating financial markets wi
Bloomreach Becomes First Marketing Automation Platform to Launch Rich Communication Services, Ushering in a New Era of Mobile Engagement for Marketers
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- #AI--Bloomreach announces the next generation of SMS marketing with the launch of Rich Communication Services, delivering richer and engaging experiences.
Charles River Associates (CRA) Reports Financial Results for the Third Quarter of 2024
BOSTON--(BUSINESS WIRE)--Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial and management consulting services, today announced financial results for the fiscal third quarter ended September 28, 2024. “Continued momentum in the business and demand for our services drove CRA’s quarterly revenue to $167.7 million, representing 13.7% year-over-year growth and the highest third-quarter revenue in the Company’s history,” said Paul Maleh, CRA’s President and
HF Sinclair Corporation Reports 2024 Third Quarter Results and Announces Regular Cash Dividend
DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair” or the “Company”) today reported third quarter Net loss attributable to HF Sinclair stockholders of $(75.9) million, or $(0.40) per diluted share, for the quarter ended September 30, 2024, compared to $790.9 million, or $4.23 per diluted share, for the quarter ended September 30, 2023. Excluding the adjustments shown in the accompanying earnings release table, adjusted net income attributable to HF Sinclair stockholder