FINANCIAL MANAGEMENT, FINTECH
Businesswire | April 24, 2023
William Mills Agency, the nation’s largest independent public relations and marketing firm specializing in the financial industry, has been selected by Union Credit for public relations services. The fintech startup is building a digital loan marketplace for credit unions to deliver credit-worthy consumers firm, one-click offers of credit in their everyday retail and financial experiences.
William Mills Agency will drive a public relations strategy to increase brand awareness of the Union Credit name as well as to showcase the company’s first in the marketplace one-click consumer lending for new member prospects. Additionally, this strategy will drive visibility to potential new credit union members of this easy-to-use lending solution.
“While credit unions traditionally have had a challenging time in acquiring new members, Union Credit allows them to better compete with fintechs and larger banks in the lending arena which in turn can help to increase new membership,” said Scott Mills, president, William Mills Agency. “We appreciate the opportunity to work with Union Credit to meet their goals and company benchmarks.”
“We are thrilled to have William Mills Agency drive our public relations strategy,” said Dave Buerger, CEO, Union Credit. “Their deep knowledge and experience of working with financial technology companies is a huge asset for us and we look forward to collaborating with them as experts in this ecosystem.”
About Union Credit
Union Credit provides consumers with firm, one-click credit offers embedded within their daily activities. The marketplace helps credit unions break into new markets digitally with access to the front end of purchase and financing experiences. Merchants embedding Union Credit benefit from providing customers with local, competitive, and advantageous offers that are in the buyer’s best interest. Visit our website and follow us on LinkedIn to learn more.
About William Mills Agency
William Mills Agency is North America’s largest public relations and marketing firm serving the financial technology industry with an emphasis on fintech providers. The agency has established its reputation through the successful execution of media relations, marketing services and crisis communications programs. The company serves clients ranging in size from small start-ups to large, publicly traded companies. For more information, please visit www.williammills.com.
MOBILE BANKING, DIGITAL BANKING
PRnewswire | May 15, 2023
Derivative Path, a leading provider of capital markets technology and derivatives services to financial institutions and commercial end-users, today announced an integration with Q2's Digital Banking Platform via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. is a leading provider of digital transformation solutions for banking and lending. As part of the Q2 Partner Accelerator Program, customers of financial institutions will be able to purchase real-time foreign exchange (FX) contracts and then settle their FX International Payments via the Q2 Digital Banking Platform. Derivative Path's integration with the Q2 Digital Banking Platform means that banks will be able to offer their customers an all-in-one solution for FX payments, while increasing non-interest income and providing payments at the speed of business.
Derivative Path FX Payments is a tech-light, integrated solution that provides an easy-to-use self-service payments interface, live currency conversions, and full transparency into the payment life cycle. Additionally, through Derivative Path's award-winning partnership with a tier-one financial institution, customers have automated access to liquidity.
The Q2 Partner Accelerator is a program through the Q2 Innovation Studio that allows in-demand financial services companies that are leveraging the Q2 Software Development Kit (SDK) to pre-integrate their technology to the Q2 Digital Banking Platform. This enables financial institutions to work with these financial services companies, purchase their solutions and rapidly deploy their standardized integrations to their customers, particularly those banks that are facing increased demand for simple and transparent international payments and FX from their clients.
"Banks are looking for new ways to do more with their customers to help increase retention, retain deposits, and be their one-stop banking solution," said Pradeep Bhatia, Co-Founder and Chief Executive Officer, Derivative Path. "Traditionally, FX payments have been outsourced to another bank as building an internal FX payments capability has been viewed as an expensive cost center. In this legacy model, Banks may lose control of pricing and the overall customer experience. Through our Q2 partnership, our tech-light, integrated solution provides our banking clients a way to deepen their client relationships while turning FX payments into a potential profit center."
"This is exciting news for banks who see Derivative Path as a trusted partner and want to extend these capabilities to their commercial customers online," said Matt Petrik, Head of FX Product, Derivative Path. "The Q2 Innovation Studio supports -- within their digital environment -- experts in the field such as Derivative Path to manage what can be a complicated process to collect and settle FX cross-border payments while also continuing to efficiently refine and improve the solution as further innovations and payment rails become available."
"We're excited to welcome Derivative Path to the Q2 Accelerator Partner Program," said Johnny Ola, Managing Director of Q2 Innovation Studio. "The ability for financial institutions to offer their account holders Derivative Path's FX solution will drive additional value for both financial institutions and their account holders."
About Derivative Path
Derivative Path is an award-winning and industry-leading provider of capital markets technology and derivatives execution services. The Company has developed a technology-led solution to assist financial institutions, buy-side, and commercial end-users in executing and managing their international payments, foreign exchange, over-the-counter commodity and interest rate derivative transactions. Founded by derivatives industry veterans, Derivative Path is on a mission to democratize access to capital markets products and technologies for all market participants. Learn more by visiting our website and following us on LinkedIn and Twitter.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital banking and lending solutions to banks, credit unions, alternative finance, and fintech companies in the U.S. and internationally. Q2 enables its financial institutions and fintech companies to provide comprehensive, secure, data-driven digital client engagement solutions – from consumers to small businesses and corporate clients. Headquartered in Austin, Texas, Q2 has offices throughout the world and is publicly traded on the NYSE under the stock symbol QTWO. To learn more, please visit Q2.com. Follow us on LinkedIn and Twitter to stay up-to-date.
FINANCIAL MANAGEMENT, INVESTMENT MANAGEMENT
Businesswire | June 02, 2023
The API-driven solution enables greater control and faster connectivity of embedded finance and customer data portability.
Akoya is proud to announce its partnership with Axway to transform the way customer information is shared with third-party applications. Both companies have standardized their APIs to the Financial Data Exchange (FDX) standard, which allows for customer data sharing in a secure and transparent way.
Akoya allows businesses to manage their finances within a unified interface that allows for budgeting, payments, tax planning, and investment management. “Akoya is excited to work with Axway to streamline the integration between financial institutions and fintech applications,” said Anil Mahalaha, Chief Evangelist at Akoya “We’re focused on giving consumers more visibility into where and how their financial data is used and we’re dedicated to 100% of those data requests going through APIs.”
Amplify Open Banking, built on Axway’s industry leading Amplify Platform, leverages universal API management and modern marketplace capabilities to publish and facilitate third-party adoption of standardized APIs that drive the open finance economy.
In the past, “screen scraping” – where customers provide their credentials to a third-party, which accesses the information directly from their banking portal with their permission – was the most expedient way to offer data portability.
Now, a common FDX API standard is becoming more widely available, allowing financial institutions to share discrete data elements more easily and directly. Fine-grained permissions keep the customer in control and provide faster, more secure connectivity.
“The Axway-Akoya partnership removes the friction of accessing critical customer data that drives business,” said Laurent Van Huffel, Axway VP of Financial Services. “Axway enables financial institutions to stay in control of their destiny by providing them with an FDX-ready platform, including consent management and integration with their core banking applications, to become an open banking provider, while Akoya securely consumes the FDX APIs published in the Amplify digital portal to present the data to the fintech aggregator community.”
The Consumer Financial Protection Bureau is currently talking about a common standard to pave the way forward to a more dynamic, competitive financial services market that keeps the consumer at its center. In October 2022, CFPB Director Rohit Chopra announced the rulemaking process that will require financial institutions to give consumers consistent control over their data.
As North America prepares for upcoming regulation, Akoya and Axway are poised to help financial institutions tap into the power of the open finance ecosystem and unlock new business models.
Axway enables enterprises to securely open everything by integrating and moving data across a complex world of new and old technologies. Axway’s API-driven B2B integration and MFT software, refined over 20 years, complements Axway Amplify, an open API management platform that makes APIs easier to discover and reuse across multiple teams, vendors, and cloud environments. Axway has helped over 11,000 businesses unlock the full value of their existing digital ecosystems to create brilliant experiences, innovate new services, and reach new markets. Learn more at www.axway.com.
Akoya is transforming the way consumer financial data is accessed and shared. Through a single integration to the Akoya Data Access Network, financial institutions can directly connect with data aggregators, fintechs, and other financial institutions to securely share consumer-permissioned financial data through APIs. Akoya manages these relationships and serves as an interoperable solution available to the entire financial services industry. We are an API-only network that offers security, transparency, and scale. Learn more at www.akoya.com.