Acuant Teams Up with Prime Trust to Enable B2B Financial Infrastructure with Enhanced Verification

Cision PR Newswire | September 24, 2020

Acuant, a leading global provider of identity verification, today announced that Prime Trust is engaging Acuant's Trusted Identity Platform for identity verification and compliance to meet Anti-Money Laundering (AML) regulations, manage fraud and fight financial crime, all in one platform.  Prime Trust provides innovative API-enabled B2B financial infrastructure spanning payments, custody, and liquidity for others to build fintech applications on top of including payment and neobanking applications, crypto exchanges, crowdfunding portals and more at scale. In the wake of the COVID-19 pandemic, increased digital transactions has meant a greater risk of monetary fraud. The need for businesses to seamlessly and quickly process transactions while preventing fraud has become critical.

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CORE BANKING

ORNL Federal Credit Union Partners with Alkami to Power Its Digital Banking Experience

Alkami | April 22, 2022

Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a leading cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced today that ORNL Federal Credit Union ("ORNL FCU") is implementing the Alkami Platform to amplify its digital banking experience with leading-edge digital tools and technology designed to help their members thrive. Our mission was to find a true, single platform that is innovative, customizable and offers a seamless user experience for our members, After vetting several providers, we chose to partner with Alkami because they brought the most advanced digital banking experience to the table and have a proven track record of continuous innovation and stability. Their ongoing guidance will help us stay ahead of the curve and empower our members to get the most out of their digital banking experience." Dawn Brummett, executive vice president and COO of ORNL FCU. ORNL FCU's digital channel saw an 24.2% increase over the past two years, making it the largest "branch" of the credit union and bringing its active participation rate to 57% across its member base. This growth is expected to accelerate with the launch of the Alkami platform, which will improve the existing user experience and introduce new features and functionality that will attract new users. We are thrilled to have ORNL FCU join the growing Alkami family. Our clients are among the most progressive financial institutions in the country, and ORNL FCU stands out as a leader in the space. It is exciting to have such dedicated and visionary clients whose digital-first mindset helps us push the envelope on what we can deliver to help fuel their growth." Alkami's chief executive officer, Alex Shootman. ORNL FCU is committed to providing our members with a best-in-class digital banking experience. From money movement and credit monitoring to online loan applications and Bitcoin services, our new platform helps us deliver on that promise, And, knowing we are partnering with a platform provider that has the knowledge, partnerships and extensibility to continue growing with us strategically ensures our ability to effectively cater to our members' digital needs now and into the future." ORNL FCU CEO Colin Anderson. About ORNL Federal Credit Union ORNL Federal Credit Union is a not-for-profit financial cooperative locally owned and operated by its members for the benefit of all who belong. Established in 1948 with 10 founding members, ORNL FCU's assets have grown to over $3.3 billion and membership has grown to over 185,000. Membership is open to businesses and anyone who lives, works, worships, or attends school in 19 counties of East Tennessee. About Alkami Alkami Technology, Inc. is a leading cloud-based digital banking solutions provider for financial institutions in the United States that enables clients to grow confidently, adapt quickly and build thriving digital communities. Alkami helps clients transform through retail and business banking, digital account opening, loan origination, and multi-payment fraud prevention solutions.

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Edward Jones and the Alzheimer’s Association Bolster Strategic Alliance with $25 Million Commitment

Edward Jones | July 28, 2020

Financial-services firm Edward Jones announced today it is renewing its strategic alliance with the Alzheimer's Association, committing $25 million over the next five years. The commitment matches the $25 million already raised by Edward Jones, its associates and communities since launching the alliance in 2016. The total investment, over the course of 10 years, is the largest commitment ever pledged by a corporate partner to the Alzheimer’s Association and is being used to enhance care and support programs, provide educational materials for Edward Jones clients and associates and advance critical Alzheimer’s research. Alzheimer's disease is a concern for many Americans, and according to a recent Edward Jones and Age Wave survey, U.S. retirees rank Alzheimer's and dementia as the most feared health condition of later life, a greater threat than COVID-19, cancer, heart attack and stroke. More than 5 million Americans are living with Alzheimer’s and 16 million serve as unpaid caregivers.

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PAYMENTS

EVODeFi comes out with its new payment solution EVODeFi.Pay

EVODeFi | March 21, 2022

EVODeFi cross-chain solution just unveiled its new product – EVODeFi.Pay. This is a powerful tool for making crypto payments, allowing sellers to accept and bill cryptocurrency to customers with minimal time and effort. The product will be especially valuable for users who want to perform their money transactions in cryptocurrency without using complicated schemes. The high-tech system of EVODeFi provides numerous crypto services including business tools to increase crypto payments, a bridge between networks, and a high-tech system to work with crypto exchange and crypto-salaries. A professional team that has already launched one of the top 5 bridges created EVODeFi.Pay that facilitates the process of exchanging cryptocurrency between sellers and buyers. EVODeFi.Pay is a product that performs fast crypto-transactions between vendors and customers. The process of using the service is extremely simple: a buyer chooses the cryptocurrency which he or she wants and pays for the purchase. EVODeFi.Pay converts one cryptocurrency into another and sends the payment to a seller in the crypto that has been chosen. Since many have refused to use BTC/ETH in favor of faster networks, EVODeFi.Pay can offer several popular networks, such as BSC, Fantom, Avax, Polygon, which already have a large number of users. In addition, the development team uses a powerful security system to protect transactions at all stages. Moreover, convenient localization and the ability to use the service on any device will greatly facilitate integration. About EVODeFi: EVODeFi is a cross-chain solution providing a set of crypto products including a bridge between networks, business tools to increase crypto payments, and a high-tech system to work with crypto exchange and crypto-salaries projects, available in a single system. EVODeFi develops the following services: Bridge, Pay, Exchange, Payroll and App. Using the latest technologies and great experience, the EVODeFi system works at the international level, providing its services in regions around the world, for example in the USA, Europe, and South America.

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FINANCIAL MANAGEMENT

Keep Financial Launches New Compensation Platform to Attract Top Talent and Increase Employee Retention

Keep Financial Technologies | May 19, 2022

Keep Financial, the technology company revolutionizing compensation to enhance recruiting and retention, today announced the Keep™ platform and its initial Keep Vesting Cash Plans. With Keep, companies can attract and retain high-quality employees with upfront cash payments that vest over time, supporting an employee's personal goal such as a down payment on a house, repaying student loans, investing for retirement, and more. An easy-to-use platform, Keep works for any industry and in a variety of use cases, including differentiating job offers in a crowded labor market, targeting key workers at competitive firms, retaining employees in the wake of M&A activity, ensuring key employees feel valued, and more. Andreessen Horowitz led Keep's $9 million seed round with additional investment from Launchpad Capital, Thomvest Ventures, Cambrian Ventures, and Worklife Ventures. The company's co-founders include CEO Rob Frohwein and President Kathryn Petralia, who previously co-founded Kabbage®, a cash flow management fintech that was acquired by American Express in 2020. The war for talent is real, but the current approach to compensation – from stock options to spot bonuses – is broken. Companies have trouble designing compensation for retention and performance, while employees struggle to understand how their accomplishments are tied to their earnings, Keep was designed to unlock the full potential of companies by enabling them to hire and retain the exact people they need in terms of performance, culture, industry expertise and more. In the world of Keep, cash truly is king and the focus is on finding and retaining the most impactful employees that will drive growth and profitability for the company." Frohwein. Keep's Vesting Cash Plans allow employers to offer a portion of compensation as usable cash, delivered to employees upfront, and vested or forgiven over time. In return, the employees commit to remaining active, supportive workers during that time period. Keep's Vesting Cash Plans can range from a few thousand dollars for entry-level jobs with high turnover rates to six figures or more for senior roles requiring specific skills and experience, ensuring it is a compensation option across the entire labor market. Keep could save HR teams countless hours in repeat recruiting and millions in lost institutional knowledge by helping companies attract, secure, and ultimately retain the top talent needed to succeed in the industry." Rick Jensen, former Head of People at HeadSpace and Intuit. About Keep Financial Technologies, Inc. Keep Financial is revolutionizing compensation to enhance recruiting and retention – aligning compensation with business objectives, ROI, and performance. Through the intuitive Keep™ platform, employers can create customizable Vesting Cash Plans to attract top talent, assure retention, and increase overall employee satisfaction and productivity. Keep's Vesting Cash takes compensation to an entirely new level – providing employees with usable capital up front to satisfy personal goals while enabling employers to retain talent to secure the business' long term success. Keep is backed by Andreessen Horowitz, Launchpad Capital, Thomvest Ventures and Cambrian Ventures.

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Spotlight

Join us for our quarter-end strategy update webcast. Engage with fund manager Alexander Gunz to learn about what drove first-quarter performance, the team's outlook, and current portfolio positioning.

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