IDT Corporation, a global provider of fintech, cloud communications and traditional communications services, today announced that Shmuel Jonas, Chief Executive Officer, will present at the 13th Annual Southwest IDEAS Investor Conference on November 18th in Dallas, TX. Mr. Jonas’ presentation is scheduled to begin at 9 AM ET, 8 AM CT followed by 1x1 meetings with investors throughout the day. 

Mr. Jonas’ presentation will include an overview of the company’s operations, strategy and financial results through the close of its 2021 fiscal year ended July 31st. The presentation will be audio webcast live and may be accessed through the presentations page within the investor relations section of the IDT website: https://www.idt.net/investors-and-media/investors-presentations or though the conference host’s website: https://www.wsw.com/webcast/threepa36/idt/2031090. The presentation will be available for 90 days following the live webcast. 

Additional information about the Southwest IDEAS conference is available here: www.IDEASconferences.com. Please contact Lacey Wesley at (817) 769-2373 or lwesley@threepa.com to register. 

Combines leading cloud-based, mobile-first homeownership platform with the nCino Bank Operating System^®

Expands nCino’s point-of-sale and mobile capabilities

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced it has entered into a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at approximately $1.2 billion. SimpleNexus seamlessly unites the people, systems, and stages of the home buying process into a single end-to-end experience, enabling loan officers, borrowers, real estate agents and settlement agents to manage the homeownership journey in the palm of their hands.

“When we first started nCino, our mission was clear: to transform the financial services industry through innovation, reputation and speed. Today, we take another major step forward in executing on that mission by welcoming the talented team at SimpleNexus and their best-in-class, cloud-based homeownership platform into the nCino family,” said Pierre Naudé, Chief Executive Officer of nCino. “Just as nCino has transformed the process for commercial, small business and retail lending, treasury management and account opening, SimpleNexus has streamlined the many stages of the homeownership process into a single, seamless journey. Their innovative solution and deep subject matter expertise in consumer front-end technology will extend our capabilities to the U.S. point-of-sale mortgage space and enhance nCino’s mobile and point-of-sale offerings, unlocking additional opportunities and value for our customers and their clients.”

SimpleNexus has established itself as a leading digital homeownership software company in the U.S., serving more than 300 independent mortgage banks (IMBs), over 80 banks and credit unions, and more than 41,000 loan originators nationwide. During the first nine months of 2021, more than 1 in every 7 mortgage originations in the U.S. leveraged SimpleNexus’ software.

Providing a natural expansion of nCino’s capabilities to the U.S. point-of-sale mortgage market, the acquisition of SimpleNexus initially expands nCino’s serviceable addressable market by over $4 billion and furthers its competitive position as the single digital banking platform of choice. Similar to nCino, SimpleNexus operates a per-seat subscription-based revenue model, enabling the company to generate financial results that are more predictable, recurring and not based on mortgage transaction volumes.

nCino and SimpleNexus will work together to continue innovating for the IMB community while accelerating the adoption of the SimpleNexus homeownership platform by U.S. banks and credit unions, where nCino currently has over 1,100 customers. The two companies will also work together to leverage SimpleNexus’ consumer front-end technology and domain expertise to accelerate the development of nCino’s mobile and point-of-sale offerings across additional lines of business.

“This is a truly exciting moment for SimpleNexus, and we are eager to be joining forces with the nCino team, with whom we share similar technology visions, strong cultural alignment and a commitment to taking care of our employees and customers,” said Cathleen Schreiner Gates, Chief Executive Officer at SimpleNexus. “Our industry-leading, mobile-first homeownership platform will complement nCino’s Bank Operating System to create even greater value for IMBs and financial institutions across multiple product lines and digital channels. Together, our best-in-class, cloud native platforms will significantly strengthen how we serve our customers.”

Details Regarding the Proposed Acquisition
nCino will acquire SimpleNexus for approximately $240 million in cash and approximately 13.2 million shares of nCino Common Stock, subject to customary adjustments for transactions of this nature.

An investor presentation about the transaction is available on the Investor Relations section of nCino’s website: https://investor.ncino.com/news-events/events-and-presentations. Additional details and information about the terms and conditions of the acquisition will be available in a Current Report on Form 8-K to be filed by nCino with the Securities and Exchange Commission.

The transaction is expected to close by the end of nCino’s fourth fiscal quarter ending January 31, 2022 and is subject to receipt of regulatory approvals and other customary closing conditions.

Advisors
BofA Securities is serving as financial advisor to nCino, and Sidley Austin LLP is serving as its legal counsel. Willkie Farr & Gallagher LLP is serving as legal counsel to SimpleNexus.

Conference Call Information
nCino and SimpleNexus executives will host a conference call at 4:30 p.m. ET today to discuss the details of the transaction. The conference call will be available via live webcast and replay at the Investor Relations section of nCino’s website: https://investor.ncino.com/news-events/events-and-presentations.

Cautionary Language Concerning Forward-Looking Statements
This press release contains forward-looking statements about nCino’s expectations, plans, future performance, outlook and prospects regarding the benefits that may be derived from the proposed transaction between nCino, Inc. and SimpleNexus, LLC (“SimpleNexus”) including, without limitation, with respect to SimpleNexus’ growth profile, cross and upsell opportunities, and the expansion of the nCino Bank Operating System^® platform.  Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s and/or SimpleNexus’ historical performance and their current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements.

These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to, risks related to: (i) changes in economic conditions, particularly increases in mortgage interest rates, credit availability, real estate prices, and consumer confidence, (ii) the ability of the parties to satisfy the closing conditions in a timely fashion or at all, (iii) retaining the employees of SimpleNexus, (iv) nCino’s ability to successfully integrate the SimpleNexus business, including SimpleNexus’ recent acquisition of LBA Ware, (v) the ability to sustain revenue growth rates of both businesses, (vi) the ability to accelerate the development of nCino’s mobile and point-of-sale offerings across additional lines of business, and (vii) the achievement of anticipated synergies and the timing thereof. Additional risks and uncertainties that could affect nCino’s business and financial results and these forward-looking statements are included in nCino’s reports filed with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC's web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

GreenBox POS ("GreenBox" or the "Company"), an emerging fintech company leveraging proprietary blockchain security and token technology to build customized payment solutions, announced today the appointment of Jacqueline B. Reynolds to the position of Chief Marketing Officer.

With decades of experience leading some of the world’s most coveted brands, Jacqueline is respected as a world-class global marketer. Household names such as Coca-Cola, McDonald’s, Verizon, Walmart, L’Oreal, Xbox, 7-Eleven and a myriad of other Fortune 500 companies have trusted Jacqueline’s strategy and creative leadership, consumer insights, brand development and digital / social media marketing prowess to launch massive consumer campaigns. Having held senior leadership positions at global brands, top agencies and media companies, Jacqueline has spearheaded award-winning programs with global partners, such as NFL, Super Bowl LIV, The Olympics, FIFA World Cup, Sony Pictures, Universal Music and others. Most recently, Jacqueline was Vice President of Marketing for Sprouts Farmers Market. She holds a Bachelor of Science in Communications from the University of Miami.

As Chief Marketing Officer, Jacqueline will lead all marketing strategy, including the development of GreenBox’s brand positioning, along with a communications plan to relevantly connect with customers and investors, focused across a variety of platforms. “GreenBox is a marketer’s dream, offering customers something completely unique in an industry that is ripe for disruption,” says Jacqueline.

“Jacqueline brings a bold vision, incredibly deep marketing experience and a data-driven approach to brand building,” said Fredi Nisan, Chief Executive Officer of GreenBox. “Her ability to shape the conversation, humanize the brand and establish GreenBox as a trusted solution will be critical in achieving our mission to build compliant, cutting edge blockchain ledger tokenized payment solutions for the diverse, evolving and dynamic global market.”

Jacqueline added, “GreenBox is laser-focused on driving value, launching our products globally and demystifying the experience of using digital blockchain for payment and banking solutions, which makes it an amazing time to join the team. I’m confident that we can build tremendous momentum for the GreenBox brand.”

​Financial health startup takes the top honor in the “Serving the Underserved” category

 Provenir, a global leader in data analytics software and risk decisioning, today congratulated its customer SeedFi  for winning the Tearsheet Challenger Awards 2021. Tearsheet's Challengers Awards are the financial industry's top awards program focused on digital banking.

SeedFi, along with its banking partner Cross River Bank, was selected as the winner in the “Serving the Underserved” category which recognizes and celebrates the companies and products that are enabling underserved consumers to build credit, save, and get immediate cash at responsible interest rates.

This is a critical juncture in the history of finance where the lives of more than 100 million people can improve faster than at any other time in history if they are given the tools needed to strengthen their financial position so they can overcome hardships. SeedFi was created to deliver these tools, helping consumers escape the endless cycles of debt, while securing a more promising financial future.

“According to a 2019 report by the Federal Reserve, 22% of American adults are either unbanked or underbanked, representing a challenge for those consumers to build credit,” said Kathy Stares, executive vice president, Americas, Provenir. “SeedFi is actively changing this dynamic through its innovative solutions that enable the underserved to borrow, save, and build credit. We congratulate SeedFi on the well-deserved honor of winning the prestigious Challenger Awards 2021.”

Provenir’s flagship product, Provenir Cloud Suite, is the industry’s first, true risk-decisioning ecosystem, powering SeedFi’s product offerings. The Provenir Cloud Suite provides a comprehensive real-time view of unified decisioning-performance, third-party and historical data, as well as automated analytics. Through one unified digital experience offering four cloud products — decisioning, data, insights and solutions —users can create the platform-as-a-service (PaaS) cloud solution that best fits their business needs.

Amsterdam fintech powerhouse Recharge.com has opened a new office in Lisbon to tap into the city's digital talent pool 

Recharge.com, the European leader in online consumer-branded payments, has announced a new Lisbon office focused on product development as it accelerates the expansion of its international operations.  

BlackLine joins Microsoft Business Application ISV Connect Program; Companies to collaborate on joint selling and solution integration to further help customers on their modern accounting journeys

 Building on its longstanding relationship delivering finance and accounting automation solutions to Microsoft Dynamics GP customers, BlackLine, Inc. (Nasdaq: BL) today announced it is expanding on the collaboration to bring enhanced automation and financial operations management to Microsoft Dynamics 365 customers.

“Through our collaboration with Microsoft, we seek to help finance and accounting teams at midsize companies, as well as large organizations, gain control over their financial close, intercompany accounting, accounts receivable and other key processes for the office of the Controller,” said Mel Zeledon, senior vice president of channels and alliances at BlackLine.  “Together we’re providing an end-to-end solution, delivering greater customer value through enhanced connectivity and integration.”

As part of the expansion, BlackLine has joined Microsoft’s Business Application ISV (independent software vendor) Connect Program allowing both enterprise and mid-market Dynamics 365 Finance customers to benefit from the power of BlackLine’s unified platform for finance controls and automation—and all from within a single user interface.  Under the terms of the extended agreement, BlackLine and Microsoft also have entered into a joint selling arrangement under which BlackLine will work collaboratively with Microsoft’s technical, training, support and go-to-market teams.

“Microsoft welcomes BlackLine into the Microsoft Business Applications ecosystem and will offer its platform for finance controls and automation to Microsoft Dynamics 365 customers and partners,” said Toby Bowers, general manager for business applications at Microsoft.  “With this Microsoft Dynamics 365 integration, BlackLine offers a unique, innovative solution to organizations around the world that focuses on finance and accounting.”

BlackLine is ERP-agnostic, optimized for today’s modern enterprise with direct integration to more than 30 different leading enterprise resource planning (ERP) and source systems.  BlackLine has an existing connector for Microsoft Dynamics GP and expects to deliver one for Microsoft Dynamics 365 in 2022. 

“We expect to gain market traction as customers move to the cloud and continue their finance transformation journeys and believe the partnership will accelerate customer adoption with the assurance of an integrated solution for financial controls and automation,” added Mr. Zeledon.

BlackLine is showcasing its market-leading financial close, accounts receivable and intercompany accounting automation solutions this week in front of more than 17,000 registrants at BlackLine’s annual user conference BeyondTheBlack™, with sessions designed to show how BlackLine complements specific ERP systems such as Microsoft Dynamics, Oracle, SAP, Oracle NetSuite, Workday and more.  Join us to find out why Eventex recognized BeyondTheBlack 2020 as one of the most ‘innovative, creative and effective events in the world’.  To view the agenda or register free of charge, go here.

For more information on using BlackLine alongside Microsoft ERPs, go here.

Greg Hingston is appointed Global CEO, HSBC Life and Insurance Partnerships with  effect 1 January 2022. He succeeds Bryce Johns, who has decided to pursue an  opportunity outside of HSBC.  

Nuno Matos, Chief Executive, Wealth and Personal Banking (WPB), said: “We are  extremely pleased to have Greg lead our insurance business globally, a key growth  engine for WPB and a critical part of our strategy to become the leading wealth manager  in Asia. 

“Under Greg’s leadership of WPB in Asia, we have achieved record financial  performance in key areas, gained market share and most importantly, significantly  enhanced the range of wealth, international and digital services to benefit the full  spectrum of our customers in the region. This provides a solid foundation to continue to  transform and exponentially grow our insurance franchise as we aim to scale up our  wealth capabilities globally, particularly in the Greater Bay Area, mainland China,  ASEAN and India.” 

Greg Hingston said: “I am delighted to take on this new opportunity, to strengthen our  position as a leading global bancassurer that serves the full breadth of our client  relationships across the Group and continue to contribute towards becoming a leading  wealth manager globally, particularly in Asia, where we aim to build leading health and  wealth insurance platforms and propositions.” 

In his new role as Global CEO, HSBC Life and Insurance Partnerships, Greg will be  responsible for leading and growing HSBC’s insurance business, which globally,  contributed around a third of overall WPB profits and around 12% of Group profits in the  first half of 2021. 

In the last two years, the Group has accelerated investments in HSBC Life, marking a  number of milestones that will set up the business for future growth and expansion. In  Hong Kong, HSBC Life regained market leadership as a bancassurer and led product  and digital innovation with the launch of new digital health platforms, Olive1, Well+2 and  

Benefits+3. In mainland China, HSBC established Pinnacle, a new digitally-enabled  mobile financial planning business that leverages the Group’s manufacturing capabilities  in HSBC Life China. In the UK, HSBC Life is Top 3 in onshore bonds and Top 10 in  external protection and critical illness. Recent investments in product platforms and  systems in Mexico will help capture increased demand for protection, savings and  retirement needs. In August 2021, HSBC Life announced the acquisition of AXA  Singapore, the first acquisition for the Group in 10 years. 

Greg has been with the HSBC Group for 15 years where he was previously Head of  WPB Hong Kong, Regional Head of Retail Banking, EMEA, Head of Customer Value  Management & Head of International for Retail Banking and Wealth Management in  

Europe, and Global Head of Strategy for RBWM. Earlier in his career, he spent five  years at Prudential Corporation Asia Ltd where he led Business Development, Strategic  Planning and M&A.

New investments will help consolidate Upgrade Card as fastest growing credit card in America