GTreasury believes in a modern and agile approach to treasury automation, by offering best-in-class specialized, modular treasury solutions across cash, payments, and risk solutions. The acquisition of CashAnalytics enhances GTreasury’s suite of solutions with a critical first point of treasury automation that can be deployed in just weeks as a single solution and with the added benefit of seamless data orchestration and user interface across GTreasury’s suite of Digital Treasury Solutions.

Cash forecasting is an accelerating concern for CFOs and treasury groups. In a recent market survey by Topline Strategy, 65% of treasury groups stated improvements in cash forecasting as their top priority, citing issues such as the inability to predictably monitor and change processes to impact DSO and DPO and adhering to debt covenants. CashAnalytics’ unparalleled intuitive user interface and cash forecasting capabilities are uniquely comprehensive and include the CashAnalytics SmartLedger. SmartLedger offers especially deep insights into working capital drivers within a business. These insights include the payment behavior of customers, which facilitates insights into actions that can improve free cash flow. Further, CashAnalytics can be quickly deployed with API connectivity into banks, ERPs, and any legacy treasury management systems.

“GTreasury’s vision of a seamless, modular, and future-proof approach to the adoption of treasury technology is truly game-changing,” said Renaat Ver Eecke, CEO, GTreasury. “CashAnalytics is a perfect match for GTreasury and a very natural next step in the journey for our product, customers, and employees. CashAnalytics, as part of GTreasury, opens up cutting-edge treasury technology to a far wider market that, up to now, has only had access to monolithic treasury management systems that are rigid, costly, and difficult to deploy. We’re incredibly excited for our customers to see how this acquisition will enhance their treasury operations.”

“We founded CashAnalytics over 10 years ago to transform the way companies analyze cash flow, with the goal of enabling them to quickly take well-informed actions to optimize working capital,” said Conor Deegan, CEO, CashAnalytics. “Today’s CFOs and treasurers want—and, frankly, need—to move beyond manual spreadsheets or the restrictive cash forecasting functionality of their ERPs and legacy treasury systems. These outdated solutions either lack timely variance visibility, are error prone, like spreadsheets, or the data and workflow constraints of a monolithic platform hinder broader business unit adoption, limiting visibility, needed insights, and the ability to quickly act. CashAnalytics’ ability to automate the collection of cash flow data from internal ERP or TMS systems and banks with API connectivity is a perfect match for GTreasury’s own approach to seamless access and timely analysis of financial data. The result for CFOs is a faster time-to-value realization, from a solution that can be deployed in a matter of weeks instead of months. We are extremely excited about this next stage and look forward to our shared achievements to come.”

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Zero Friction, Double the Coverage, A Fraction of The Price

IEValidate offers lenders a frictionless and reliable way to validate an applicant’s income, occupation, and employment through an API using as little as one field of information about the borrower – the Social Security number.     IEValidate provides a comprehensive validated income and employment report for each matched borrower in less than 500 milliseconds. Lenders can use this report instead of paystubs and as an alternative to costly database checks.

This innovative solution, already used by top lenders, solves most of the critical pain points lenders grapple with when verifying a borrower’s income and employment: the low hit rates of existing methods, the high cost of database checks, and the enormous friction placed on borrowers by requests for paystubs or bank statements.

• A Fraction of The Price: IEValidate is a cost-effective alternative to expensive HR database lookups. By utilizing IEValidate at the top of the verification cascade, lenders can reduce their verification expenses by 60% to 90%.
• Double The Coverage – With over 260 million historical income reports, IEValidate has proven to provide validated income and employment on up to 80% of lenders’ submissions. These high hit rates allow companies to double their coverage over existing verification solutions.
• Zero Friction: IEValidate enables lenders to eliminate the need for paystubs in many cases, dramatically reducing friction in the loan application process and increasing loan conversion rates by 50% or more. Lenders can create a smoother experience for borrowers, resulting in higher customer satisfaction and improved portfolio profitability.

“IEValidate represents a transformation in the way companies will verify income and employment for borrowers,” says Tim Grace, CEO of Point Predictive.

“Paystubs are an outdated approach to verifying a borrower’s income because they put too much friction in the lending process, and forgeries are commonplace. Bank statement requests are met with significant consumer resistance and even then can only be used to estimate income using standard, error-prone formulas. Existing employer-contributed database checks, while frictionless, have fraudulent employers contributing data, are often out of date, and are expensive to use in an automated way on all applications. With our solution, companies can eliminate or replace those methods with a simple, frictionless, validated income and employment report for up to 80% of their borrowers — provided in less than a second and at a fraction of the cost of their current solutions.”

Unparalleled Insights from The Industry’s Most Comprehensive Data

IEValidate leverages Point Predictive’s proprietary risk data repository, which includes real incomes, employers, and occupations, covering more than 260 million income reports, 22 million unique employers, and more than 68 billion risk data points. This unique data enables IEValidate to provide unparalleled validation of a borrower’s current and historical income, occupation, and employment.

The solution is designed to work across any sector that requires income and employment verification, including credit cards, rental applications, consumer lending, auto lending, mortgage lending, and account origination.

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Fintech API Accelerator Platform offers everything a fintech needs to grow—Sensedia’s PCI-compliant platform, AI CoPilot, expert API services, a powerful Developer’s Portal, along with support for open banking compliance, and marketing—all at the price point competitors charge for just their base platforms.

Open finance offers fintechs opportunities, but they face growth and innovation roadblocks from regulatory and compliance uncertainty and resource constraints. Data aggregators may offer simple compliance, but fintechs managing multiple data sources, ecosystem integration and scaling needs require robust solutions that extend beyond aggregation. The Sensedia Fintech Accelerator allows fintechs to navigate regulatory challenges and avoid third-party strategies that push the compliance burden onto them. Fintechs can use the accelerator on its own or combine the platform with one or more aggregators. Sensedia, a global leader in delivering API solutions for companies adopting a more digital, connected, and open strategy, announced today’s launch as a cost-efficient solution that provides full API control, scalability, and adaptability to evolving standards.

“The fintech world is more competitive than ever, and companies are navigating rising costs, new compliance requirements and risk factors that impact valuations. Adapting and scaling are critical to staying competitive in a difficult and saturated market. Sensedia’s Fintech Accelerator offers fintechs expertise and a robust, financial-grade open-banking ready platform to navigate and incorporate complex compliance rules, data consent requirements, and emerging technologies like AI and Blockchain from one source,” said Lisa Arthur, Sensedia’s US Managing Director and Global CMO.

Arthur continues, “Sensedia’s Fintech API Accelerator Platform is designed to simplify complex business requirements. One of the most challenging problems for fintechs is the friction to integrate with financial ecosystems to deliver innovative products and services. The Fintech API Accelerator Platform allows fintechs to manage integration issues and enable rapid scaling. The platform also makes it easier to comply with changing regulations, such as the CFPB’s 1033 rule’s new open finance data requirements, enabling fintechs to become efficient data recipients or providers in the expanding open banking ecosystem.”

The CFPB’s new proposed rule, driving for data sharing with financial customers, applies to banks and credit unions and also seeks to subject large technology firms and fintechs to the requirements. Companies offering digital wallets, retail payment apps, or processing more than five million transactions yearly, including PayPal, Apple and Google, must comply with the proposed ruling. While compliance and new regulations bring challenges to the financial vertical, companies willing to mobilize, adapt and innovate new products and services, either in collaboration or internally, stand to gain as open banking and open data become more accessible across the industry. Risks of not leaning into compliance and open finance may put organizations at a disadvantage.

“With Sensedia’s API Accelerator Platform, fintechs like Localight can transform open banking into a seamless experience for financial institutions,” said DW Ferrell, CEO of Localight. “Our partnership allows us to deliver LocalCash rewards that not only enhance member engagement but also stimulate economic activity in local communities.”

The Fintech API Accelerator Platform focuses on enabling growth and traction at a critical inflection point in their business maturity. Customers will receive Sensedia’s open finance strategy, API design, and implementation expertise to drive their embedded finance ecosystem. Fintech Accelerator, built for fintech platforms to fast-track business results and bridge the knowledge gap, takes innovative companies from initial strategy through go-to-market.

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In addition to a growing list of integrated fintechs and integrators, CSI community banks and developers now have access to new documentation methods, resources and standardizations that simplify the implementation process and accelerate time to value. As a result, community banks can consider more application programming interfaces (APIs) across account opening, payments, document services and other applications—and quickly onboard solutions to open new lines of revenue, streamline back-office operations and improve engagement with account holders.

“We believe that our community bank partners will benefit greatly from our investments in open banking, and these enhancements will make their onboarding process more seamless than ever,” said Shanda Purcell, senior director of open banking at CSI. “The speed of our integrations equals decreased costs and increased efficiencies for our community bank partners. That’s really what we are after: a plethora of choices and ease of use for our customers as they deploy proven APIs and pursue strategic growth.”

CSI’s Developer Portal includes updated technical and application guides as well as test environments that allow both parties to better understand data communication and associated business rules. CSI visually curated these features to allow non-IT staff within banks—such as deposit, loan and payments officers—to easily digest information, understand the purpose of a developer’s API and stay compliant by highlighting data visibility and access. All APIs available in CSI’s Open Banking Marketplace are also required to have a proven deployment through the Developer Portal with a community bank before listing.

“Community banks competing in today’s market require the right combination of flexibility, speed and efficiency that can meet the needs of their account holders without a significant tech investment,” said David Culbertson, CEO and president of CSI. “Our Developer Portal is designed to meet all three of those needs with the scaffolding community banks need to reduce the burden of adoption. It’s just the latest example of how CSI is pursuing every avenue and opportunity to help our customers more effectively tackle critical areas of their front- and back-office operations.”

CSI worked with fintech partners directly to finesse implementation, user-test the interface and create features that enhance developers’ user experience and ease of integration. Third-party developers have the tools and methodologies they need to develop according to CSI’s APIs—along with samples of code to promote standardization across all APIs.

“As a development team integrating with CSI’s NuPoint® core, the new API documentation portal is a game-changer,” said Mitch Miller, director of engineering at Core10, a financial technology company that provides lending, account opening and middleware products. “Its clear layout, detailed guides, robust code samples and interactive tools streamline our integration process—allowing us to focus on innovation. The CSI technical team’s prompt support and deep knowledge have been invaluable, swiftly answering any questions we have.”

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Understanding their company’s cash position to invest excess cash has historically been a challenging, disparate process for treasury and finance professionals. Often, they are collecting bank files, aggregating and normalizing data, and building reporting in spreadsheets. This is hours of manual work to gain visibility, all before logging into an investments portal to take action. Trovata digitally transforms the treasury function, leveraging bank APIs, AI, and automation to offer real-time reporting and forecasting. Armed with this intelligence, companies can now take quick action to invest with Fund Connect, all within a single interface.

“Trovata makes it easy to determine with precision, how much cash you need to run your business and how much cash you can invest to earn interest income,” stated Brett Turner, Founder & CEO of Trovata. “Finance and treasury teams need a combined solution that’s quick to stand up, seamless to use, while maintaining full visibility and control. Trovata gives State Street clients a refreshingly modern front end to corporate investing.”

With Fund Connect, finance and treasury teams can gain real-time global portfolio access, enabling comparisons across key factors including fund managers, fund types, and currencies. Fund Connect trading and holdings data will flow into Trovata, consolidating operational and investment oversight in one unified experience.

“The integration of Fund Connect and Trovata will combine expertise in fund management with innovative technology to provide investors with unparalleled insights, seamless connectivity and data to help clients optimize their financial strategies,” said Greg Fortuna, Head of GlobalLink.

Fund Connect is a part of GlobalLink, State Street’s global suite of electronic trading platforms that offer a single interface for managing short-term liquidity through an innovative electronic trading solution. Fund Connect supports multiple money market account structures, including fully disclosed, omnibus, and nominee, all of which can be used in various combinations through a single login.

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alt.Bank was created in 2019 by the anglo/american technology entrepreneur Brad Liebmann with the objective to bring transparent and fair lending practices to the Brazilian credit card market. The fintech chose Pismo’s cloud-native platform to boost its operations and expand the range of services available to its customers via the Visa credentials.

“To enable the delivery of the services we are creating, we need flexible, up-to-date, and reliable technology. We found the ideal partner in Pismo,” says Brad Liebmann, founder and CEO at alt.bank.

The project was completed without dependency on the previous operator and without service interruptions for cardholders.

“On Pismo’s platform, we selected the microservices that made sense for our operation, and we didn’t have to wait in line for developments, as we did before. This allowed us to migrate in record time.”, complements.

novücard is the first card in Brazil to offer a dynamic credit limit that automatically increases month by month as bills are paid on time and in full. Taking advantage of the Pismo platform, the fintech plans to launch several new product features for novücard – some of which will be novel to Brazil – by the end of the year.

“alt.Bank is simplifying access to financial products to its clients. And operational efficiency is pivotal for the success,” says Rodrigo Melato, VP of Global Sales and Customer Success at Pismo. “By offering cutting-edge technology in small blocks, Pismo simplifies how clients manage technology. Pismo offers more than 600 endpoints, what helps keep costs under control and give clients authonomy to be in charge of their infrastructure,” he concludes.

alt.bank is Brazil’s fastest growing direct credit card issuer and received more than $30 million in investment – led by New York-based Union Square Ventures. It is the first investment in South America for USV, considered the most successful Series A investor in the world. At the heart of the alt.Bank is its GUARD credit engine – Brazil’s most accurate – which is also used by other Brazilian lenders via partnerships.

Pismo, which was acquired by Visa International earlier this year, continues to play a key role in the transformation and modernisation of the financial segment landscape. Pismo provides clients with comprehensive core banking and card-issuer processing capabilities across all product types through cloud native APIs.

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This initiative will provide Japanese brokers with access to world class trade execution, scalable end-user recordkeeping systems, localized system integrations, and support solutions in one stop.

Through its local Japanese subsidiary, Alpaca has served financial institutions in Japan for the past decade through its unique offerings of database technology and brokerage services and has contributed to wealth technology innovation in Japan.

Citadel Securities opened its Tokyo office in 2022 to provide dedicated coverage to Japan’s financial services industry, powered by consistent, competitive and reliable liquidity in all market conditions and leading customer service.

“We’re excited to continue building on the strong and trusted foundation we have already established in Japan,” said Yoshi Yokokawa, Co-founder and CEO, Alpaca. “This expanded partnership brings together Alpaca’s experience and infrastructure that we have nurtured in Japan with Citadel Securities’ leading global trade execution capabilities, creating a compelling value proposition for Japanese investors and institutions.”

“This partnership further demonstrates Citadel Securities commitment to Japan and improving the trading experience for Japanese investors of all size,” said Shinichiro Kato, Citadel Securities Japan Representative Director.

“Our partnership with Alpaca enables Citadel Securities to seamlessly deliver our leading execution platform to Japanese brokers, increasing access to and improving their clients’ experience trading U.S. securities,” said Joseph Mecane, Head of Execution Services at Citadel Securities.

In addition to operating as a regulated brokerage company, Alpaca is well-known in the developer community for offering APIs for developers and entrepreneurs to write trading algorithms and build Fintech applications. Alpaca’s APIs are used by tens of thousands of monthly active developers globally.

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Happy Money offers personal loans to streamline paying off credit card debt, saving consumers thousands of dollars thanks to low interest rates and a single, fixed payment. The integration of Method’s liability connectivity APIs into Happy Money’s platform enables more accurate and real-time identification of members’ outstanding credit cards, live balance retrieval and balance transfer, without requiring members to enter account numbers or remember passwords. The partnership has resulted in an enhanced member experience and deeper transparency into money movement.

“Happy Money is helping consumers across the country access the capital they need to reach their goals in partnership with credit unions and other community-focused lenders,” said Jose Bethancourt, CEO at Method. “With the integration of our technology, they are ensuring the process is as seamless, quick and efficient as possible, creating value for all involved.”

Since the partnership’s onset, Happy Money members have connected over 50,000 accounts through Method’s APIs, with millions of dollars of consumer debt being consolidated monthly via Method’s connectivity and payment rails. Through the partnership, Method has facilitated over $7M in balance transfers for Happy Money members, helping them pay off debt faster.

“At Happy Money, we believe that prioritizing borrowers’ well-being is a winning strategy; our platform allows consumers to meet their financial goals and enables credit unions to diversify their portfolios and grow,” said Nick Pesce, Head of Product and Design at Happy Money. “With Method’s sophisticated APIs, we gain more real-time information around consumers’ outstanding credit cards, faster payment execution and more robust reporting.”

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Trovata offers a unique data transport layer for corporate multibank connectivity. As a fully managed service, the Multibank Connector handles client onboarding and consent, and includes groundbreaking features to ensure data quality, accuracy, completeness, and security. These features include built-in reconciliation with automated self-healing, unlimited data storage, and a modern infrastructure that can process billions of bank transactions in milliseconds. This platform differentiates Trovata significantly from legacy service bureaus and traditional file-based sFTP services, offering a better, cheaper, faster, and more secure solution than any other on the market today.

“APIs are the modern building blocks for digital transformation, and yet corporate treasury globally still runs on legacy sFTP services with file formats from the ’80s,” said Brett Turner, founder and CEO of Trovata. “Cloud-native infrastructure, along with bank APIs that provide rich metadata, enable deeper intelligence and automation. With Trovata, treasurers are using AI to better manage risk, controllers are automating reconciliation, and CFOs are discovering that bank transactions labeled by cash flow type at scale are a powerful financial operating tool to improve capital efficiency.”

Since 2018, Trovata has pioneered access to banking APIs, working closely with banks globally to democratize broader use and often being the first to connect a live client. This has led to early adopter banks becoming partners and investors. While Trovata has used its platform to create a next-gen user experience for managing cash and liquidity for hundreds of mid-market and enterprise customers, it is now making its APIs available to banks, ERPs, treasury management systems (TMS), and other financial software providers to power a broader partner ecosystem.

The corporate banking landscape is evolving. In the past five years, many of the largest financial institutions have started developing API programs for their commercial and corporate banking clients. These APIs allow clients to access account balances and transactions directly and move money in real-time. However, unlike the rapid adoption of APIs in retail banking for consumers and small businesses with less than $10 million in annual revenue, the rollout for larger companies has been much slower. This is due to banks’ outdated core infrastructure and stricter security and regulatory requirements, making APIs in wholesale banking for mid-market and enterprise companies difficult to connect to and use. Trovata is bridging this gap.

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With Family Office Suite, advisors gain the ability to:

• Visualize the complex. With new features, including Heritage Map, Legacy Navigator, EstateFlow and Irrevocable Trust One-Pagers, advisors will be able to demystify and bring to life estate planning nuances like sub-trust distribution schemes, federal and state estate tax implications, Generation-Skipping Transfer Tax (GST) exempt and non-exempt trust breakdowns, administrative costs and more.
• Quantify tax alpha. Estate tax calculators and scenario analysis capabilities give advisors the ability to quantify tax implications and identify tax optimization opportunities.
• Organize and collaborate. Advisors can simplify data collection by leveraging the wealth.com Vault and Ester AI to instantly extract and centrally store all key information from estate planning documents. Collaboration is further enhanced between advisors, in-house specialists and important intermediaries through in-app tooling and direct API integrations with leading CRM and Portfolio Management systems.
• Deliver refined reports. Financial advisors can create the ultimate client deliverable, in seconds, using the Report Builder. Wealth.com does the heavy lifting by transforming all underlying client data into ready-made visuals and slides. All reports can be firm-branded, complete with custom colors, fonts and logos.

“As we advance our product roadmap, particularly for advisors serving high-net-worth and ultra-high-net-worth clients, we are committed to transforming all aspects of the estate planning service model to be a more efficient and effective process,” said Danny Lohrfink, chief product officer and co-founder of wealth.com. “The Family Office Suite not only elevates the client experience but also unlocks greater productivity for advisors—what used to take weeks now takes mere minutes. ”

As wealth.com strives to revolutionize the estate planning experience for advisors and their clients, it is continually developing creative solutions that are underpinned by legal excellence and rigor. In support of these efforts, the company has appointed David Haughton, JD, CPWA®, as senior corporate counsel. Drawing from his experience as team lead of Advanced Planning at Commonwealth Financial Network (“Commonwealth”), in addition to his legal acumen, Haughton will aid in developing sophisticated yet intuitive products. Collaborating closely with the broader wealth.com team, he will work to ensure that all offerings are of the quality and caliber that advisors expect.

During Haughton’s tenure at Commonwealth, he was responsible for providing estate, trust, charitable, education, business and social security planning support to the firm’s affiliated advisors. Prior to Commonwealth, he was an attorney in private practice. He earned his JD at the Massachusetts School of Law and is admitted to the Massachusetts and New Hampshire bars, as well as the U.S. District Court, District of Massachusetts and the U.S. District Court, District of New Hampshire.

“Over the course of my career, it’s become clear to me that advisors can add significant value for their clients throughout the estate planning process,” said Haughton. “Helping clients establish enduring legacies is a profound responsibility, and wealth.com clearly understands that. I’m thrilled to join a team at the forefront of innovation in estate planning, dedicated to enhancing advisor capabilities and client outcomes via technology.”

Haughton joins a legal team with extensive experience in HNW and UHNW estate planning, led by Chief Legal Officer, Anne Rhodes, who was recently named to WealthManagement.com’s Top Ten to Watch for 2024. The move signals a commitment to developing best-in-class technology that is fortified by best-in-class legal expertise.

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