Monroe Capital LLC Boosts Credit Facility to Cal Net Technology

• 9 years 10 months ago
• Infrastructure

Monroe Capital LLC today announced an increase in the credit facility to Cal Net Technology Group (“Cal Net”) to support the acquisition of inhouseIT, Inc. (“inhouseIT”). Cal Net is a portfolio company of Boathouse Capital and Olympic Valley Capital.

FIS Completes of Amendments to Existing Credit Facility and Term Loan Agreement

• 9 years 10 months ago
• Alternative Finance

FIS™, a global leader in financial services technology, today announced the completion of an amendment and restatement of its existing credit agreement and an amendment of its existing term loan agreement.

FICO Survey: Millennials 2 To 3 Times More Likely To Switch Banks

• 9 years 10 months ago
• Banking

FICO’s latest consumer research on why people switch banks found that Millennials (25-34 years-old), a group at the peak of financial services usage, are 2 to 3 times more likely to close all accounts with their primary financial institution than people in other age groups. The same demographic said they are twice as likely to close all accounts and switch banks this year than they were last year. This could drive a high amount of customer churn...

KKR Releases Eco-Innovation Award for KKR portfolio companies

• 9 years 10 months ago
• Investment, IT Innovations

In the spirit of innovation and value creation, KKR, a leading global investment firm, today announced the launch of the Eco-Innovation Award for KKR portfolio companies as part of the Firm’s Green Solutions Platform(GSP), a global effort to identify, supp

Finova Financial Secures Record-Breaking $52.5 Million FinTech Funding

• 9 years 10 months ago
• Cash management, Infrastructure

Finova Financial’s industry-first, cloud and mobile-based consumer auto title lending platform has raised $52.5 million in a combination of equity and a credit facility, one of the largest initial rounds in FinTech industry history.

RiskIQ Joins IBM Security App Exchange Community

• 9 years 10 months ago
• Management, Security

RiskIQ launched RiskIQ PassiveTotal App For IBM QRadar, which integrates with IBM security intelligence technology to achieve fully integrated external threat context to security incidents. Joint customers can accelerate incident remediation seamlessly by accessing internet datasets as they investigate offenses in IBM QRadar. RiskIQ scans and collects external internet data at massive scale—datasets the RiskIQ’s PassiveTotal App uses to create a...

Square Partners with Upserve to Provide More Businesses Access To Funding

• 9 years 10 months ago
• Fund Management, Infrastructure

Square and Upserve announced a partnership providing Upserve customers access to fast, flexible, and straightforward funding for their restaurants through Square Capital. This is the first time loans through Square Capital will be available to businesses that operate outside of Square’s payment processing ecosystem. Working with Upserve, Square will apply its innovative machine learning models to enable Upserve customers to select loan offers...

According to NRF/Forrester Survey, EMV Pushing Aside Other Payment Initiatives

• 9 years 10 months ago
• Payments

Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016, but retailers are also busy with new data security enhancements such as point-to-point encryption and tokenization to better protect payment card data. That’s according to a new study released today by the National Retail Federation and Forrester that surveys CIOs and technology executives at 59 large and mid-sized...

Pactera Launches Innoveo Skye Insurance Innovation Suite Solution

• 9 years 10 months ago
• IT Innovations

Pactera Technology International Ltd. (Pactera) announced the launch of its Innoveo Skye® Insurance Innovation Suite with Glenview, IL-based  Combined Insurance.  Innoveo Skye® (www.innoveo.com) is a multi-channel web-based software that enhances the way insurance companies bring products to market with dynamic configuration of insurance products, processes and distribution channels. Combined Insurance is a leading provider of supplemental...

QASymphony Chooses Bridge Bank for its Technology Industry Expertise

• 9 years 10 months ago
• Alternative Finance

 Bridge Bank announced today that it has provided a $3 million venture term loan facility to Atlanta-based QASymphony, a leader in agile testing software. QASymphony will use the credit facility to help finance its ongoing growth strategy, including expansion into the European market.

Kevin Quiggas Joins ACSI Funds as Chief Strategist

• 9 years 10 months ago
• People Moves

 ACSI Funds, an asset management firm specializing in the use of proprietary customer satisfaction data as a leading indicator for security selection, is pleased to announce the appointment of Kevin Quiggas Chief Strategist. ACSI Funds had previously been operating under the name CSAT Funds.

Torani Opts VersaPay ARCTM to Automate its Invoice to Cash Processes

• 9 years 10 months ago
• IT Innovations, Infrastructure

 VersaPay Corporation (, a leading provider of cloud-based invoicing, accounts receivable management and payment solutions,  announced that R. Torre & Company, maker of the iconic Torani brand flavouring syrups, has chosen VersaPay ARCTM as the platform to automate its invoice to cash processes.  

Pactera Releases its Innoveo Skye® Insurance Innovation Suite with Glenview

• 9 years 10 months ago
• Insurance

JMP Group Names Andrew Mertz as Manging Director of Equity Capital Markets Division

• 9 years 10 months ago
• People Moves

JMP Group LLC, an investment banking and alternative asset management firm, announced today that Andrew Mertz has joined JMP Securities as a managing director in its equity capital markets division. Based in the firm’s New York office, Mr. Mertz assists publicly traded and privately held companies in the structuring and execution of equity offerings and equity-linked transactions.

SimCorp Releases Version 6.0 of Dimension

• 9 years 10 months ago
• Investment, Management

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, announced that it has released version 6.0 of its integrated investment management solution, SimCorp Dimension®. The new release, which is the second of this year's two releases, introduces a number of new modules and enhancements across front, middle and back office.