CoreVest Finance

Investing.com | April 01, 2020

The Dow plunged on Wednesday, a day after suffering its worst first-quarter loss ever, as fears over the Covid-19 pandemic intensified with several states going into lockdown to curb the outbreak. The Dow fell 4.04%, or 885 points. The S&P 500 slipped 4.22% and the Nasdaq Composite fell 3.83%. In a sign of the outbreak is gathering pace in the U.S., Florida Governor Ron DeSantis issued "stay at home" order for at least 30 days, with Nevada and Pennsylvania also imposing similar mea...

Core Banking

Rev, Searchlight Capital and Netspend | August 08, 2022

Rêv Worldwide, Inc., an international fintech company, and Global Payments, a leading worldwide provider of payment technology and software solutions, announced that Rêv, in partnership with funds advised by Searchlight Capital Partners, L.P., has entered into a definitive agreement to acquire the Netspend consumer business from Global Payments in an all cash transaction valued at $1 billion. The acquisition brings back Netspend’s founders, Roy and Bertrand Sosa, who also found...

Payments

Alacriti | August 13, 2021

Veridian Credit Union, a full-service financial cooperative with $5.5 billion in assets and more than 260,000 members, has selected Alacriti, an innovator in cloud-based payments and money movement services, as the platform provider that Veridian will use to enable real-time payments over The Clearing House’s (TCH) RTP® network and to accelerate their Fedwire modernization. Veridian will deploy Alacriti’s cloud-native, ISO 20022-based Cosmos Payment Services, a cos...

IQ Capital | July 14, 2020

The fresh capital will be used to fund CyberSmart’s growth, which has seen an increase in demand with a revenue increase of 300 per cent over the past 12 months, as the lockdown accelerated the use of its cloud-based technology, according to the company. “We are delighted to have closed our Series A funding round with GBP 5.5 million to fund our next stage of growth. Our investors have seen that we have built a great technology and also a great team,” said Jamie Akhtar, CEO of ...