AutoPass is the automotive industry’s only FCRA & GLBA-compliant fraud and early payment default risk solution that allows the automation of loan application decisions to increase loan capture rates by up to 40-50% while simultaneously reducing losses by 40-50%. It addresses the growing $8B auto loan fraud problem by revealing hidden risks in loan applications, empowering credit unions to reduce losses, and automating loan approvals. By leveraging data from more than 230 million auto loan applications, AutoPass can help credit unions reduce losses by up to 50% while also decreasing friction for their lowest-risk members by waiving unnecessary stipulations and manual reviews. Lenders can choose between the FCRA-compliant version of AutoPass, allowing it to be embedded in automated credit decisions, or the GLBA version to manage loan stipulations, depending on their specific needs.

As part of this exciting new offering, Sync1 Systems customers are eligible for a 30-day free AutoPass trial and a 20% discount on the first year’s licensing fees for those who sign up by December 31, 2024.

“Credit unions are constantly searching for effective ways to combat fraud without sacrificing member experience,” said Tim Grace, CEO of Point Predictive. “By integrating AutoPass into Sync1 Systems’ platform, we’re offering a comprehensive fraud solution that fits seamlessly into their decision systems and operations, helping credit unions both protect their assets and streamline their lending processes.”

Key Features of AutoPass + Sync1 Systems Integration

• Leverages insights from over 230 million auto loan applications to detect hidden fraud risks
• Reduces credit union fraud losses by up to 50%
• Decreases friction for low-risk members by enabling auto approvals while eliminating unnecessary stipulations and manual reviews
• Available with a 30-day free trial and a 20% discount for new users who sign up before the end of 2024

“The partnership reflects our ongoing mission to provide our credit union clients with the most advanced, reliable tools for fraud detection and risk management,” said Steve Maloney, CEO of Sync1 Systems. “Announcing this collaboration at Lendtopia underscores its significance to our credit unions, and we are excited to showcase the integration’s potential to transform the way they approach fraud prevention.”

Attendees at Lendtopia are invited to visit the Point Predictive booth to learn more about the AutoPass integration and to participate in live demonstrations.

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Allied is one of the largest providers of insurance, lending, risk management, and data-driven solutions to financial institutions in North America. With heightened regulatory scrutiny on finance and insurance (F&I) compliance, lenders, dealerships, and business process outsourcing (BPO) organizations face intensified pressure to meet stringent regulatory requirements.

“This collaboration is evidence of just how deeply PCMI and Allied understand the demand for a comprehensive lender compliance solution,” said Pete Hilger, CEO at Allied. “Although the FTC CARS Rule is facing some challenges, lenders are already feeling the pressure in maintaining compliance with GAP policy refunds. PCMI’s TruComply will provide the necessary tools to ensure that lenders and lender BPO services are better positioned to mitigate litigious situations.”

TruComply is poised to revolutionize lender compliance by streamlining the F&I product cancellation and refund process while ensuring compliance for lenders. TruComply automates refund quotes with access to the largest provider network and delivers seamless payment distributions with compliance verification.

“TruComply was carefully designed to meet the evolving regulatory lender compliance requirements,” said Mark Nagelvoort, CEO at PCMI. “We see TruComply providing a modern experience for managing policy refunds, compliance verification, and for ensuring industry compliance on behalf of lenders, dealers, and providers.”

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Addressing the Challenges of KYC Compliance

The KYC process has become a substantial financial and operational burden for financial institutions. A recent study shows that banks and other financial institutions spend an average of $60 million annually on KYC compliance. These costs stem from labor-intensive manual processes, technology investments, and penalties for non-compliance. The lengthy timeframes required for onboarding new customers, which average 32 days, further exacerbate these challenges, leading to customer dissatisfaction and loss. In fact, 85% of businesses report negative experiences with KYC processes, and 12% of customers switch to competitors due to slow or cumbersome onboarding procedures.

FlexComply: A Solution for Streamlined Compliance

FlexComply is an end-to-end compliance platform that offers a 360-degree AML risk assessment of customers, from onboarding through ongoing monitoring and periodic reviews. This integrated solution ensures all regulatory requirements are met within a single system, helping financial institutions remain audit-ready and significantly reducing both costs and time associated with compliance.

Key Features of FlexComply:

• KYC/KYB – Comprehensive Identity Verification and Screening: Facilitates customer due diligence during onboarding and regular checks, based on risk profiles.
• AI-Driven Risk Scoring: Employs advanced algorithms to provide precise risk assessments for both individual and corporate clients.
• Transaction Monitoring: Continuously monitors transactions to identify and flag suspicious activities, enhancing fraud detection capabilities.
• Enhanced Due Diligence: Offers in-depth analysis for high-risk customers and transactions, minimizing potential exposure to financial crime.
• Ongoing Monitoring and Periodic Reviews: Ensures customer profiles are up-to-date and compliant with current regulations through regular monitoring and reviews.
• Alert Management: Centralized management of alerts allows for timely intervention on fraud detection and compliance breaches.
• Regulatory Reporting: Automates the creation of compliance reports, simplifying the documentation process for audits and inspections.
• Workflow Management: Streamlines workflow processes for compliance teams, promoting efficiency and collaboration in adherence to regulatory standards.

“FlexComply empowers financial institutions to significantly reduce the time and costs associated with KYC compliance,” said Rune Nilsson, Chairman of FlexM. “Our solution not only simplifies compliance but also helps institutions focus on enhancing customer satisfaction by minimizing the administrative burden and ensuring faster, more accurate onboarding.”

Understanding the KYC Burden

The challenges associated with KYC compliance are significant. Financial institutions globally spend billions annually on KYC and AML efforts, with a substantial portion dedicated to labor-intensive manual processes, fragmented data systems, and adapting to evolving regulations. According to a recent report, banks allocate up to 3-5% of their total operational budget to compliance activities, with KYC being a major driver of these costs. The complexity is compounded by varying regulatory requirements across different jurisdictions, requiring institutions to maintain accurate and current customer information across disparate systems.

FlexComply addresses these pain points by automating and streamlining KYC processes. By integrating data from multiple sources, reducing false positives, and ensuring compliance with the latest regulations, FlexComply enables institutions to cut down on KYC-related expenses, reduce onboarding times, and improve overall customer satisfaction and operational efficiency.

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Headquartered in San Francisco with principal offices in Dallas, Philadelphia, Miami, New York, London, Milan, and Dubai, US Capital Global is a full-service global private financial group with an established track record in corporate finance, asset management, and capital formation services. All private placements, securities, and other related services are offered by the group’s FINRA-member broker-dealer affiliate, US Capital Global Securities LLC.

Mr. Ford brings a wealth of experience from his extensive career at leading financial institutions. He spent over a decade at Wells Fargo, where he excelled in managing and investing substantial funds, including $2 billion in fixed-income securities for top technology and pharmaceutical firms across California. Additionally, as an IPO specialist, he worked with boutique investment banks to successfully manage and execute public offerings.

Mr. Ford expressed his enthusiasm for his new role, stating, “I am thrilled to join US Capital Global’s regional headquarters in Europe. The group is at a pivotal moment in its international expansion, exploring new verticals and offering a comprehensive range of innovative financial solutions. I am excited to contribute to US Capital Global’s continued success in Europe.”

Charles Towle, COO and Managing Partner at US Capital Global, remarked on the appointment, stating, “I am delighted to welcome Giovanni to the group as we continue our global expansion. His extensive network, which includes strong ties with pension plans, municipalities, high-net-worth individuals, and investment consulting firms across the U.S. and Europe, is invaluable. Giovanni also brings significant expertise in real estate, having underwritten, financed, developed, and managed a variety of properties. He is a valuable addition to our global team.”

In 1995, Mr. Ford was entrusted with the critical task of establishing Wells Capital Management’s presence in the New York, Chicago, and Boston markets. Under his leadership, the firm secured key mandates from large pension plans and foundations, including successfully directing $440 million in pension assets to Wells Capital Management’s R2000 growth strategy. Since 2010, Mr. Ford has been actively involved in private equity, with a focus on green technology, healthcare, and real estate development.

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As the world stands on the brink of an AI-driven economic revolution, Wire Network introduces the first true third-generation blockchain, following the evolutionary path of first-generation Bitcoin and second-generation Ethereum. While Bitcoin brought digital gold and Ethereum enabled smart contracts, both fell short of scalable, cost-effective transactions. Wire Network’s UTL finally delivers on blockchain’s original promise, purpose-built for the emerging AI agent economy.

“AI agents will need to be able to conduct millions of transactions per second across all blockchains,” said Ken DiCross, Founder and CEO of Wire Network. “AI is ready, current blockchain infrastructure is not. This is what Wire Network was built for.”

Wire Network’s UTL offers:

1. No gas – because who wants to pay a dollar to move a dime?
2. All chains – no more siloed blockchains
3. Right Now Transactions – we’re talking speed-of-thought fast

“We’re providing the financial rails for the AI agent economy,” DiCross explains. “It’s like giving AI a global passport and universal currency.” Unlike traditional systems that require complex bridges or oracles to cross blockchain borders, Wire Network allows AI agents to transact across every major blockchain with no gas in a high-speed performative way.

The UTL enables AI agents to interact across blockchain networks, opening new possibilities for decentralized AI applications.

The market is already catching on. All of Wire Network’s Tier 1 nodes, which form the backbone of the blockchain network, have been purchased by people who understand the magnitude of what’s being introduced. That’s not just interest – that’s a vote of confidence in where we’re headed.

Wire Network’s Universal Transaction Layer is set to become the essential infrastructure powering the future of finance. By open-sourcing the UTL, Wire Network invites developers, researchers, and industry stakeholders to explore and contribute to its development.

“We are excited to announce that as of today the Wire Network protocol is open sourced, and we invite engineers worldwide to help us continue building the blockchain of the AI agent economy,” said DiCross.

It’s not just a new blockchain – it’s the economic foundation for the age of AI. Wire Network: Your one-way ticket to the frontlines of the Agent Economy. No gas, all chains, right now.

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Chabria will draw on his extensive industry experience to advise Genesis in driving the adoption of the Genesis Application Platform throughout financial markets. His insights will help Genesis showcase how clients create strategic value with the platform in terms of generating new revenue, promoting operational efficiency and ensuring resilience. He will also aid in fostering partnerships and other opportunities to expand industry usage of the platform.

“Sumeet is a tremendous asset for Genesis,” said Stephen Murphy, CEO and cofounder of Genesis Global. “He has dedicated his distinguished career to responsibly modernizing and unifying complex technology and operational landscapes at the world’s major financial institutions. His perspective on how our platform aligns with clients’ revenue, cost and risk strategies helps us engage the industry with maximum effectiveness.”

“Financial companies spend billions on software development looking for an edge over competitors,” said Sumeet Chabria, senior advisor to Genesis Global. “The Genesis platform changes that paradigm with its unique ability to build robust financial markets-grade applications, with embedded compliance and controls, ten times quicker and at a fraction of the cost of traditional builds. I see broad-based demand in the market for Genesis technology and the wide range of benefits it offers clients, including boosting developer productivity, building next-gen market infrastructure, upgrading legacy systems and derisking end-user computing (EUC) and complex vendor environments.”

Chabria’s tenure as a global leader for technology and operations includes over twenty-five years combined at Bank of America and HSBC, in New York and London. He is CEO and founder of ThoughtLinks, a technology strategy consultancy catering to AI adoption needs of financial institutions. He is also on the faculty of the executive education program at Carnegie Mellon University’s Heinz College.

In June, Genesis introduced several incentives streamlining how financial firms test and use the platform to address their most strategic and innovative software opportunities. These initiatives include new technologies to accelerate project builds on Genesis, usage-based pricing and a free trial program.

Banks, asset managers and trading infrastructure providers worldwide use the Genesis Application Platform to develop new software, enhance legacy technology systems and replace end-user computing and manual processes with enterprise-quality solutions. Among these clients, Bank of America, BNY Mellon and Citi are also strategic investors in Genesis.

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Grath currently supports global leaders such as Deutsche Bank, Freetrade, Winterflood Securities, and StepChange. With the new DIFC office, Grath aims to extend its reach and expertise to support more world-class clients in the Middle Eastern region, further strengthening its role as a trusted partner in the financial ecosystem.

The new office at DIFC will serve as a central hub for Grath’s operations in the Middle East, offering enhanced support and localized services to our growing base of customers. By establishing a presence in Dubai, Grath is poised to tap into the vibrant financial ecosystem and leverage the DIFC’s robust infrastructure, strategic location, and regulatory framework to drive growth and foster collaboration.

Matt Povey, CEO of Grath, expressed his enthusiasm for the expansion:

“We are thrilled to establish our presence in Dubai at the DIFC, a global financial center that embodies innovation and progress. This expansion aligns perfectly with our vision of global growth and reinforces our commitment to providing top-tier financial services and regulatory compliance technology to our clients. We look forward to the exciting opportunities this move will bring for both our company and our clients in the Middle East.”

Grath remains dedicated to its mission of delivering cutting-edge financial services and compliance technology, and the new DIFC office is a testament to the company’s ongoing commitment to growth, innovation, and regulatory excellence.

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The investment in e-TeleQuote aligns seamlessly with GoHealth’s strategic vision and commitment to enhancing consumer experiences through innovation and operational excellence. Both companies bring to the table a deep reservoir of industry expertise and a complementary set of strengths that will drive mutual growth and deliver even greater value to consumers, especially as the upcoming benefit season expects to bring significant disruption and high demand for a high-quality shopping experience for Medicare consumers.

Complementary Attributes for Enhanced Value
GoHealth and e-TeleQuote share a dedication to putting consumers at the center of their operations. “GoHealth’s scale, proprietary technology and operational excellence combined with e-TeleQuote’s established talent and high-quality track record will create a mutually accretive relationship poised to drive better outcomes for and meet the evolving needs of our Medicare consumers,” said Vijay Kotte, CEO of GoHealth.

Consumer-First Orientation
“At the heart of this transaction is a shared commitment to a consumer-first approach. Both GoHealth and e-TeleQuote have consistently demonstrated a deep understanding of and responsiveness to consumer needs. We are excited to tap into the power of the proprietary technology at GoHealth, including the PlanFit Checkup, which will better serve our consumers while driving increased efficiency and effectiveness in choosing the Medicare plan that best meets their needs. By combining our resources and expertise, we are poised to collectively elevate our consumer experience and deliver even better tailored solutions that prioritize the well-being of our consumers,” said Craig Uchytil, CEO of e-TeleQuote.

Looking Ahead
“As we embark on this exciting new chapter, we remain committed to a seamless integration process that prioritizes the interests of our customers, team members, and stakeholders. We are confident that this acquisition will not only strengthen our market position but also enhance our ability to deliver exceptional value and service not only in this upcoming Annual Enrollment Period but for years to come,” said Kotte.

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UNIPaaS powers Software as a Service (SaaS) platforms’ payment services with a white-labelled, fully managed solution, allowing them to easily offer a unified and seamless acceptance of all relevant payment methods to their users. SMBs using UNIPaaS receive generative AI recommendations based on their transaction history to determine which payment methods they should offer their customers to drive faster and more efficient payments.

Customer behaviour shows that when payment options like American Express are offered, a significant share of customers choose this payment method, thereby increasing the speed and efficiency of business invoice payments.

Since its inception, UNIPaaS has processed millions of card transactions along with other payment methods such as direct debits, bank transfers, and mobile wallet payments for a wide range of B2B clients. The company continuously optimises its solution to tailor the payment journey to the specific needs of SaaS platforms in various industries, including healthtech, accounting, education, mobility, and more.

This new partnership enables users of these SaaS platforms to easily accept American Express payments, catering to the many customers that prefer to pay with Amex. This integration simplifies the payment process, improves cash flow management, and enhances overall payment convenience and efficiency.

David Avgi, CEO of UNIPaaS, expressed his enthusiasm: “We are honoured to be selected by American Express for this strategic partnership. This collaboration highlights our dedication to providing SaaS platforms with fully personalised payment user journeys, adapted to their business models and their industry. We see great potential for growth in B2B invoice payments by card.”

Dan Edelman, General Manager of UK Merchant Services at American Express, added: “This new partnership with UNIPaaS gives even more businesses the flexibility and payment convenience of using American Express to pay more of their invoices.”

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What Are Futures Grid and Futures CTA?

Futures Grid
CoinW Futures Grid offers an automated trading experience by allowing users to set a price range with defined upper and lower limits and the number of grid intervals. It then automatically executes buy and sell orders within this range, making it particularly effective in volatile markets where prices fluctuate within a set range. This strategy capitalizes on every price movement within the grid, offering users a way to profit from market swings without constant monitoring.
Futures CTA
For those who prefer a more automated approach, CoinW introduces the Futures CTA (Commodity Trading Advisor) strategy, this tool executes trades based on predefined strategies. CoinW currently offers three CTA strategies: Moving Average (MA), Moving Average Convergence Divergence (MACD), and Bollinger Bands (BOLL). These strategies allow users to engage in trend-following or mean-reversion trading without manually setting complex parameters, making it easier for traders at any level to optimize their strategies.

Built-In Safeguards to Minimize False Signals

These innovative features are designed with safeguards to help traders avoid false signals and reduce risks. For instance, the MA strategy in the Futures CTA is crafted to filter out noise by utilizing a crossover system where a shorter period moving average (fast line) is compared to a longer period moving average (slow line). This helps in identifying genuine trend shifts rather than reacting to short-term volatility.

Similarly, the MACD strategy minimizes false signals by employing both fast and slow-moving averages alongside a histogram, allowing for a more accurate assessment of market momentum. This strategy is particularly effective in determining the beginning and end of medium to long-term trends, reducing the frequency of misleading buy or sell signals.

The BOLL strategy is ideal for range-bound markets and is designed to recognize and act on price deviations from the upper and lower bands. By focusing on the concept of mean reversion, the BOLL strategy ensures that trades are made when prices are likely to revert to their average, minimizing the risk of false breakouts.

Advantages of AI-Powered Trading

CoinW’s AI-powered trading options offer substantial advantages. Traders can deploy out-of-the-box strategies powered by AI based on historical market data, eliminating the need for deep technical knowledge. Users simply select a trading pair, set their margin, choose their leverage, and let AI handle the rest.

The One-Click Follow Strategy allows users to replicate successful trading strategies with minimal effort. With just one click, users can follow another trader’s approach, set their margin, and begin automated trading immediately—an especially useful feature for beginners.

To celebrate the launch of the new features, CoinW is offering a limited-time campaign. Complete first grid or CTA trade and earn a reward. If any losses happens, they’ve got users covered with compensation benefits. Plus, users can earn additional rewards by participating in surveys and sharing experiences in CoinW community.

CoinW’s new Futures Grid and Futures CTA tools are designed to democratize access to sophisticated trading strategies. These strategies have been rigorously tested by CoinW’s quant team, achieving returns ranging from 7% to 280% based on backtested data. Whether you’re an experienced trader seeking advanced tools or a newcomer looking for a straightforward trading experience, these features provide the perfect solutions for participating in the futures market with confidence.

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