Fintech Machine Learning Leader Attunely Announced $9 Million in Financing

Business Wire | September 25, 2020

Attunely Inc. A pioneer in deploying machine learning to maximize revenue recovery and enhance the consumer experience, today announced $9 million in financing. The new capital includes an earlier seed round as well as a Series A investment. Investors include: Framework Venture Partners, Anthos Capital, Vulcan Capital, and additional independent investors as well. Andrew Lugsdin, Partner at Framework Venture Partners, will join the Attunely Board of Directors. The funds will be used to expand the team with an emphasis on data science, data and security software engineers, client success resources, product/program management, and marketing.

Spotlight

Lazard is one of the world’s preeminent financial advisory and asset management firms. We have long specialized in crafting solutions to the complex financial and strategic challenges of a diverse set of clients around the world, including corporations, governments, institutions, partnerships and individuals. Founded in 1848 in New Orleans, we currently operate from 43 cities in key business and financial centers across 27 countries throughout North America, Europe, Asia, Australia, the Middle East, and Central and South America.


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BITCOIN AND CRYPTO

Engiven, Inc. Launches IRS Tax Form and Appraisal Service for Cryptocurrency Donations

Engiven | March 30, 2022

Engiven, Inc., a pioneer in the cryptocurrency donation arena, announces the release of its IRS tax form and appraisal service for cryptocurrency donations. The Engiven platform now saves time and adds tremendous value by automatically generating the required IRS Form 8282 for nonprofits and IRS Form 8283 for crypto donors. Additionally, Engiven will provide a free appraisal to all donors who give $5,000 of crypto or more to nonprofits using the Engiven platform. With tax season upon us, we want to ensure that donors and nonprofits on the Engiven platform have the required, pre-filled, tax forms needed to comply with IRS regulations for cryptocurrency donations. By automating the tax form creation process, we hope to bring value to donors and enable nonprofits to save time and free them up to focus on their mission." James Lawrence, Engiven's CEO. Engiven's IRS tax form and appraisal service works as follows. If a cryptocurrency donation of $500 or more is exchanged for USD, it is necessary for the nonprofit to file IRS Form 8282 for the donation. The Engiven platform automatically enters the donation information into the Form 8282 and sends the completed form to the nonprofit to sign and file. If a donor gives a cryptocurrency donation of $500 or more, the donor must file Form 8283 with their tax return for the donation. If the donation is $5,000 or more, the donor must also obtain an appraisal, which can be a major expense to the donor. The Engiven platform now automatically sends the donor a contribution receipt with a secure link for the donor to generate their Form 8283 and the appraisal. The appraisal is free to the donor. Engiven understands what nonprofits and their donors need when it comes to processing crypto donations. Their new tax form service saves us a significant amount of time and provides the donor with a turn key solution, which until now, was time consuming and expensive." Amy Fox, Chief Financial Officer of Players Philanthropy Foundation. Engiven believes cryptocurrency will continue to provide an exceptional tax-based giving opportunity for donors who have been holding crypto long-term, and handling the tax form creation for nonprofits and their donors provides the next level of service to the crypto community. About Engiven Founded in 2018, Engiven is a leading provider of cryptocurrency donation services to nonprofits and faith-based organizations. The Engiven platform provides a highly automated crypto giving solution that includes block chain monitoring, automatic exchanges, gift receipts, bank deposits, IRS tax form creation, custody options, and a full suite of developer APIs. Engiven's nonprofit clients include some of the most respected charities and ministries in the United States including The Salvation Army, US Figure Skating, Compassion International, Texas A&M, and North Point Ministries. Engiven does not provide tax advice. Please consult your tax advisor before filing.

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FINANCIAL MANAGEMENT

Atomic and Bond Strengthen Partnership with Repay to Offer Consumers New Financial Lifelines

Atomic | June 10, 2022

Atomic, the market-leading payroll connectivity solution, and Bond Financial Technologies Inc., the leading embedded finance company, announced the deepening of their existing partnership with the launch of Atomic's Repay product, which allows customers to embed repayment of financial obligations over time directly from their paycheck. Repay allows consumers to make recurring payments, such as breaking up monthly rent or repaying a loan in smaller installments instead of larger lump sums. This service saves financially strained consumers from taking out a loan or missing repayment dates by connecting repayments from their wages instead of a bank account. In the case of an employer benefit, the administrative costs are assumed by employers, making it a desirable option for those seeking easier ways to make ends meet. Repay gives consumers the tools to take control of their personal finances, both income and liabilities, and for customers to proactively tailor products to their user's financial profile with payroll data. For financially vulnerable consumers, it works as a fractional repayment plan that gives them a lifeline to pay for things they need without having to risk falling behind on bills and incurring an avoidable fee, Meanwhile, our customers now have a novel option to build goodwill with consumers by offering better interest rates while minimizing default and late repayment risks." Jordan Wright, Co-founder and CEO of Atomic. Atomic uses Bond's embedded finance infrastructure to create and open user bank accounts and avoid the burdensome integration with a sponsor bank, as well as managing KYC, ongoing transaction monitoring and compliance. When a user signs up, Repay connects payroll information, Bond opens a demand deposit account (DDA) for the user, calculates the fractional deposits, manages payment according to the due date, and automatically makes the payments on time. As an added benefit, users have full visibility into how their funds are moving around — the system monitors all deposits and distributions, provides continuous access to activities, and when needed, will refund any overpayment to the user — reconciling it all, usually in under a week. Bond is thrilled that we could partner again with our friends at Atomic, Atomic and Bond together bring a seamless, integrated solution to a major problem that often leaves employees confused and employers concerned about their workers' financial well-being." Roy Ng, CEO and Co-founder of Bond. Several partners have joined Atomic's Repay beta and the initial consumer sentiment for the product is positive. Dónde, which offers travel savings accounts as an employment benefit, enables workers to save and pay for travel, increasing usage of paid time off and improving overall workplace satisfaction. Our customers know the importance of taking time off, but their employees must figure out how to save and plan for a vacation in a way that doesn't add more stress and negate the benefit of time away. Repay can meet a popular pain point for workers to stably fund the account from their payroll and maximize their employer match. Atomic's solution has made it seamless for us to deliver on our promise to help employees stay centered." Rilee Buttars, CEO of Dónde. About Atomic Atomic is the market leading provider of payroll APIs, trusted by 12 of the largest fintech firms, including digital-first neobanks, alternative lenders, and digital brokerages. Atomic's payroll integrations provide the infrastructure to connect consumers to their financial data, automate setting up and updating direct deposits, repaying financial obligations from their paycheck, accessing earned but unpaid wages, and tapping tax withholdings on-demand. Atomic simplifies complicated payroll integrations with a single API that covers over 450 unique payroll connections, including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems. Atomic's payroll APIs cover 75% of the U.S. workforce with a combined reach of 125 million workers. Atomic has raised $78.6 million from investors, including Mercato Partners, Core Innovation Capital, Portage, and Greylock. About Bond Bond enables any company to become a fintech. Through Bond's full-stack embedded finance platform, customers can offer personalized and compliant financial products to their end users, including high value-add products such as credit builder cards and commercial charge cards. Bond was founded in 2019 by industry veterans from Blackrock, Goldman Sachs, SAP, SoFi, and Twilio, with deep roots in financial services, technology and enterprise software. Bond is a remote-first company, with office locations in San Francisco (HQ), New York City and Salt Lake City.

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CORE BANKING

MCT Continues to Elevate and Deliver Unmatched Client Experience Within Mortgage Capital Markets

MCT | April 26, 2022

Mortgage Capital Trading, Inc.® (MCT), the industry leader in capital markets software and services, today announced it has reinforced its commitment to client profitability and success. Backed by an enhanced sales and support structure, MCT has hired industry all-stars and promoted valued team members. A passion for client experience has differentiated MCT throughout its 20-year history, We are consistently evaluating and enhancing the ways in which we support our clients. While some accounts opt for MCT’s hands-on guidance, others are fully self-directed – both leveraging our award winning MCTlive! ® platform. We meet clients where they are in their growth cycle and provide the most innovative technology and timely advice for them to thrive.” Curtis Richins, President and CEO. Our support begins during the early stages of developing a relationship – often even before a client selects MCT. We listen, collaborate, and share our deep subject matter expertise. Every client is unique, and we tailor our offering to their situation.” Ben Itkin, MCT’s newly appointed Head of Sales, also emphasized the company’s dedication to client experience. Additionally, MCT has created two, new client-facing roles: Regional Account Executive (RAE) and Capital Markets Technology Advisor (CMTA). Both positions are instrumental in providing a seamless experience from sales to on-boarding to long-term success. Peg Eaton, formerly a Correspondent Account Representative at Mr. Cooper and the Manager of Business Operations at Lenders One, recently joined MCT as RAE for the Northeast and Great Lakes regions. Similarly, Boulton Brynteson and Chad Stone have been promoted to RAEs. With this updated structure, MCT’s mortgage lender clients will be further buttressed by a cross- functional team that includes Sales, Client Success Group, and Trading members. We are making material investments in our clients’ success, And, should an account need Lock Desk, MSR, or pricing support, we have additional resources for those areas as well. From loan lock to loan sale, MCT offers the most robust, streamlined, and digital offering in the business.” Richins About MCT: Founded in 2001, Mortgage Capital Trading, Inc. (MCT) ® has grown from a boutique mortgage pipeline hedging firm into the industry’s leading provider of fully integrated capital markets services and technology. MCT’s offerings include mortgage pipeline hedging, best execution loan sales, business intelligence and analytics, outsourced lock desk solutions, MSR valuation, hedging, and bulk sales, and the world’s first, truly open marketplace for loan sales. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes within its award-winning digital platform, MCTlive! ®. Headquartered in sunny San Diego, MCT also has offices in Healdsburg, CA, Philadelphia, PA and Texas.

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CORE BANKING

Corporate Insight to Track the Growing Traditional and Fintech Business Banking Platforms with Launch of Small Business Banking Research Services

Corporate Insight | April 18, 2022

Corporate Insight, the leading provider of competitive intelligence and customer experience research to the financial services industry, today announced the launch of its Small Business Banking Research Services. The services will track and analyze leaders in traditional and fintech banking platforms in a blend of multi-product, deposit-only and card-only relationships to capture the competitive landscape and arm business banking providers with insights to drive improved digital experiences. On an ongoing basis, Small Business Banking Research Services will evaluate: Digital platforms from traditional banks and innovative fintechs Cash management services Merchant and payroll services Building on Corporate Insight's long history of tracking small business credit cards, Small Business Banking Research Services will assess the industry's top traditional banking and fintech platforms to illuminate this increasingly competitive and disruptive space. Using authenticated experiences, Small Business Banking Research Services will offer deep dives into user journeys with ongoing reporting on platform enhancements and dashboards that track industry leaders and innovative disruptors. Similar to the retail banking industry over the past few years, fintechs and other digital-first organizations are now causing major disruption in the small business banking space and we anticipate this trend to continue to grow in the upcoming years, Our new Small Business Banking Research Services will track and assess the digital capabilities of the primary incumbents and disruptors, with the primary goal of arming business banking organizations with the knowledge needed to drive improved digital customer experiences." Andrew Way, senior director of research at Corporate Insight. About Corporate Insight Corporate Insight delivers competitive intelligence, user experience research and consulting services to the nation's leading financial and health institutions. As the recognized industry leader in customer experience research since 1992, we have been the trusted partner to corporations seeking to improve their digital capabilities and user experience. Our best-in-class research platform and unique approach of analyzing the actual customer experience helps corporations advance their competitive position in the marketplace.

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Spotlight

Lazard is one of the world’s preeminent financial advisory and asset management firms. We have long specialized in crafting solutions to the complex financial and strategic challenges of a diverse set of clients around the world, including corporations, governments, institutions, partnerships and individuals. Founded in 1848 in New Orleans, we currently operate from 43 cities in key business and financial centers across 27 countries throughout North America, Europe, Asia, Australia, the Middle East, and Central and South America.

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