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Thread Raises $30.5 Million to Continue Building the Future of Embedded Banking

Tue, 12/16/2025 - 09:21
NASHVILLE, Tenn.--(BUSINESS WIRE)--Thread Bancorp, Inc. (“Thread” or the “Company”), the parent company of Thread Bank (the “Bank”), a wholly-owned subsidiary, today announced it has closed a $30.5 million funding round, consisting of a $27.6 million initial raise and a $2.9 million extension. Portage Ventures led the round, with additional participation from Rockmont Partners and other strategic investors. This investment supports the continued growth and development of Thread’s burgeoning Emb

System1 to Participate in the 2026 ICR Conference

Tue, 12/16/2025 - 09:21
LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) (“System1” or the “Company”), an omnichannel customer acquisition marketing platform, announced today that management will attend the 28th Annual ICR Conference being held in Orlando, Florida from January 12-14, 2026. Tridivesh Kidambi, Chief Financial Officer of System1, will participate in a fireside chat on Monday, January 12 at 9:30 AM ET and will be available for one-on-one meetings throughout the conference. A webcast of the fireside

Lyceus Group Shortlisted for PR Campaign of the Year at the 2026 With Intelligence Mutual Fund & ETF Awards

Tue, 12/16/2025 - 09:21
SEATTLE--(BUSINESS WIRE)--Lyceus Group, a high-touch boutique financial public relations firm specializing in financial services, is proud to announce it has been shortlisted for PR Campaign of the Year at the 2026 With Intelligence Mutual Fund & ETF Awards. The nomination recognizes Lyceus Group’s work with F/m Investments. “We are honored to be recognized by With Intelligence among such a strong and competitive field,” said Tucker Slosburg, President of Lyceus Group. “In an increasingly c

Provenir Launches AI Maturity Assessment and New Data Science 101 for Financial Services Certification

Tue, 12/16/2025 - 09:21
PARSIPPANY, N.J.--(BUSINESS WIRE)-- #AI--Provenir, a global leader in AI risk decisioning software, today launched an educational initiative to help banks and financial institutions improve their understanding, adoption and application of artificial intelligence (AI). AI is driving a profound transformation in financial services. According to EY, AI advancements integrated thoughtfully across banking operations are driving newfound operational efficiency, client engagement and sustainable growth, fos

Sutherland and ComplyAdvantage Launch AI-Native "Unified FinCrime Compliance" Solution to Combat Sophisticated, Next Generation Financial Crime

Tue, 12/16/2025 - 09:21
ROCHESTER, N.Y.--(BUSINESS WIRE)--Sutherland and ComplyAdvantage partnered to launch an AI-native "Unified FinCrime Compliance" solution to combat next generation financial crime.

Virtus Investment Partners Announces a Strategic Minority Interest Investment in Crescent Cove Advisors, LP

Tue, 12/16/2025 - 09:21
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS), which operates a multi-manager asset management business, today announced it has completed the acquisition of a 35% minority interest in Crescent Cove Advisors, LP (“Crescent Cove”), a San Francisco-based firm providing private capital solutions to middle market technology companies. The transaction broadens Virtus’ offerings by adding a differentiated private markets capability focused on lending to high-growth te

Apiture’s My Data Exchange™ Empowers Banks and Credit Unions with Secure, Seamless Data Sharing Access for Account Holders

Tue, 12/16/2025 - 09:21
PADUCAH, Ky.--(BUSINESS WIRE)-- #banking--Apiture launches My Data Exchange™ enabling financial institutions to offer account holders greater visibility and control over data sharing access.

Prospector Baseball Group Announces Strategic Investment from Arctos

Tue, 12/16/2025 - 09:21
NEW YORK--(BUSINESS WIRE)--Prospector Baseball Group (“PBG”), the platform business building a modern, community-driven Minor League Baseball ecosystem, today announced that Arctos, a private investment firm that provides bespoke growth and liquidity solutions to sports franchises (Arctos Sports) and alternative asset managers (Arctos Keystone), will serve as PBG’s lead financial and strategic partner. Founded by veteran sports executive John Abbamondi and technology investor and entrepreneur B

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