Temenos’ SaaS Technology Allows FlowBank to Create Hyper-Efficient Cost Model and Offer Online Trading and Banking Services

Business Wire | October 12, 2020

Temenos, the banking software company, today announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new digital bank in Switzerland. Temenos Transact core banking technology will enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors in Switzerland and internationally. FlowBank has recently secured its banking license in July 2020 and is planning to launch the operations by the end of 2020. The bank aims to meet the needs of both sophisticated and new investors, who wish to manage their banking and investments on their own. The bank addresses this growing market segment by offering a simple, reliable investment experience open to all, using an optimized trading platform underpinned by Temenos Transact. The bank is FINMA-regulated and deposits are guaranteed up to CHF 100,000. With Temenos SaaS, FlowBank will create a hyper-efficient cost model and reduce IT costs, which will enable it to go up against established players by offering online trading and banking services at competitive rates. Using cutting-edge technology, Temenos top-performing banks achieve cost-income ratios of 26.8% twice better than the industry average.

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PAYMENTS

Sphere Launches New Semi-integrated Payment Solution for Software Vendors Featuring PAX Terminals

Sphere | May 21, 2022

Sphere, a leading provider of end-to-end integrated healthcare payments and security software, today announced that it has launched a new payment solution for Independent Software Vendor (ISVs) that features integration with PAX terminals. PAX is the world's preferred payment terminal solutions provider and has delivered over 60 million terminals to more than 120 countries across the globe. The new solution enables ISVs to integrate their core Software-as-a-Service (SaaS) products with a secure cloud-based payment solution that accepts payments on PAX terminals for a wide range of payment methods and industry standards including Europay, MasterCard and Visa, (EMV), Near-Field Communications (NFC), Google Pay, and Apple Pay. This semi-integrated solution allows software vendors to integrate payments through a pre-certified, pre-integrated device that communicates directly with the gateway. Benefits include: Reduced development costs Easily add EMV, NFC without complex certifications Faster time to market Payment card industry security standards scope reduction We are extremely excited to bring a solution to market that solves all of the challenges that ISV providers face when trying to enhance their core product to accept EMV, NFC, Apple Pay, and Google Pay transactions, With a simple integration, plug-and-play customer implementation, reducing PCI PA-DSS scope, all through a single application programming interface integration that works harmoniously with our eCommerce solutions, this is truly a significant evolutionary step in payments that will benefit any ISV provider." Curtis Bauer, Chief Innovation Officer, Sphere. Sphere provides an end-to-end payments platform that provides software vendors with broad payment acceptance functionality, merchant services, elite-level security, and expert support throughout the payments lifecycle. PAX terminals feature modern, intuitive design, as well as a developer-friendly Android-based system that allows for rapid, simple integration and implementation. SaaS providers need a simple, convenient method of integrating payment-acceptance functionality into their core offerings, Through PAX's partnership with Sphere, ISVs now have a cloud-based option to accept payments via the industry's widest portfolio of innovative and secure payment devices." Heather Mlachnik, Senior Vice President of Acquiring and ISO Sales, PAX. About Sphere Sphere is a cloud-based, vertically integrated software and payments technology company serving a variety of complex end markets with an established market leading presence in the healthcare and non-profit sectors. Sphere was formed in 2017 after a few strategic acquisitions, and today offers benefits to our partners and customers via three key sub-brand companies that have been established for over 20 years. Sphere is trusted by more than a third of the 100 largest health systems in the US and thousands of independent medical providers across the country to facilitate and drive secure payments by having our software solutions highly integrated into our clients' workflows, patient billing systems, and electronic health records. Our integrated software and payments suite helps organizations increase payment collection while delivering best in class security, compliance instruments, and a single payment stack standardized for reporting and reconciliation. Sphere also provides fundraising software solutions and tools to 8,000 nonprofits in the US and Canada and maintains key integrations in high growth verticals like insurance, parking and transportation. About PAX PAX Technology, Inc. is one of the largest electronic payment solution providers in the world, supplying value-added payment solutions since 2001. As a leading global manufacturer of payment solutions, we are committed to delivering innovative, high-quality, and secure payment solutions to businesses, large and small, worldwide, with payment terminals built on security and optimized for performance.

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CORE BANKING

NBT BANK AND CEI-BOULOS CAPITAL MANAGEMENT LAUNCH HIGH-IMPACT REAL ESTATE EQUITY INVESTMENT FUND

NBT Bank | June 16, 2022

NBT Bank and CEI-Boulos Capital Management announce the launch of the NBT CEI-Boulos Impact Fund, a $10 million real estate equity investment fund with NBT Bank as the sole investor. The fund is designed to support individuals and communities with low- and moderate income through investments in high-impact, community supported, commercial real estate projects located within the bank's Community Reinvestment Act (CRA) assessment areas in New York. As a community bank, NBT is committed to the communities we serve, This includes doing our part to create stronger, healthier neighborhoods. We believe that investments in projects that deliver critical affordable housing can also have a ripple effect in supporting job creation and strengthening our communities." NBT Bank President & CEO John H. Watt, Jr. The NBT CEI-Boulos Impact Fund is managed by CEI-Boulos Capital Management, a fund management company focused on delivering competitive financial returns and social impact. CEI-Boulos helps banks achieve their CRA objectives by organizing and managing funds that invest in financially attractive, high-impact commercial real estate projects that benefit the communities in which they are located. CEI-Boulos prioritizes projects that represent collaborations between various entities—including non-profits, local and state government, philanthropic institutions, banks, community development finance institutions, community-based organizations, private investors, and local developers—that share a vision for their community. NBT will create a social impact advisory board to evaluate redevelopment and new construction projects, such as multi-family, mixed-use, industrial, office, retail and hospitality projects that closely align with community needs. The advisory board will provide input related to the social and environmental impacts of the fund's proposed investments. Areas of targeted impact will include: Projects that support job creation Affordable and workforce housing Main Street revitalization/historic preservation developments that do not contribute to gentrification/displacement Developments that serve non-profit organizations Environmentally sustainable real estate developments The project investment area includes the following counties: Chenango, Clinton, Cortland, Delaware, Essex, Franklin, Fulton, Greene, Hamilton, Montgomery, Otsego, St. Lawrence, Albany, Rensselaer, Saratoga, Schenectady, Schoharie, Madison, Onondaga, Oswego, Herkimer, Oneida, Broome, Tioga, Warren and Washington. About NBT Bank NBT Bank offers personal banking, business banking and wealth management services from locations in seven states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. The bank and its parent company, NBT Bancorp, are headquartered in Norwich, NY. NBT Bancorp had assets of $12.1 billion as of March 31, 2022 and is traded on the Nasdaq Global Select Market under the symbol NBTB.

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PAYMENTS

Payveris Introduces Loan Payments® for Financial Institutions to Offer Customers Integrated Real-Time Payment Methods & Channels

Payveris | June 18, 2022

Modern money movement leader Payveris, a division of Paymentus, today launched Loan Payments®, a cutting-edge loan and debt repayment service with the widest array of real-time payment methods and channels available on the market. Loan Payments® is designed to help financial institutions meet rising consumer demand for payment methods and channels that are speedy, convenient and secure — all while reducing operational overhead, fostering better customer engagement and loyalty. An Aite-Novarica Group survey from 2021 found that 89% of consumers want more real-time payment options from their digital banking experience. As consumers enjoy more payment choices, speed and convenience in just about every other aspect of their financial lives, they expect the same from their loan payment servicers — and aren't satisfied by the status quo from financial institutions. In fact, a recent J.D Power study found that non-bank loan servicers saw a 17% increase in customer satisfaction, while banks only saw a 4% increase. When financial institutions make it complicated to accept and receive payments through coupon books or legacy loan payment systems, borrowers are less likely to consider them for their next loan, Providing choice, speed and autonomy is no longer a bonus, but a baseline expectation for consumers. Financial institutions must seriously rethink their loan payment experience and meet customers where they are, and Loan Payments® can help them get there. Whether that's an auto loan, a personal loan, or a mortgage, the days of consumers using a coupon book have passed." Payveris Chief Innovation Officer Marcell King. With Loan Payments®, financial institutions can deliver a true omni-channel experience that matches what consumers have come to expect from shopping or paying bills. Payment methods supported by Loan Payments® include cash, debit card and e-check/ACH. Loan Payments® also empowers consumers to choose their preferred payment channel, whether it's online, mobile, text, PayPal app, Amazon Alexa, Walmart, or directly at their bank or credit union. In addition to more convenience and flexibility, Loan Payments® gives financial institutions' customers more control over how they automate and schedule payments, and the ability to spread their payments across multiple methods at once. WSECU, a Payveris customer since 2020, is one of the first financial institutions with plans to roll out Loan Payments®. "Our first priority is to improve the loan payment experience for members, making it easier and providing them more options, Payveris is helping us do that, and that alone is a big win. But there is also more we gain, including the operational efficiencies that come from no longer managing disparate processes. Now, everything is centralized into one payment processing system, regardless of which option best meets the needs of an individual member." Melissa Wolff, Vice President, Operations Support and Payment Services at WSECU. Financial institutions also stand to gain another avenue in which they can drive customer engagement and loyalty. Loan Payments® was first developed by Payveris' parent company Paymentus, recognized by Aite-Novarica as the "Best in Class" industry leader for Biller Direct EPPP solutions. The solution is powered by the Instant Payment Network®, the only integrated ecosystem of real-time digital bill presentment, payment, and money movement capabilities in the market. The Instant Payment Network® is currently trusted by numerous Fortune 500 companies, with more than 10 million consumers relying on it to make payments. About Payveris Payveris, a division of Paymentus, is the creator of the MoveMoney℠ Platform, an Open API, cloud-based platform that enables more than 265+ financial institutions to control, simplify, and extend more engaging intelligent digital payment and money movement capabilities to their users through any application or device while significantly reducing operating costs and future-proofing their IT investment.

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BITCOIN AND CRYPTO

TradeStation® Crypto Launches in Puerto Rico

TradeStation Crypto | March 26, 2022

TradeStation, an award-winning*, self-clearing online brokerage, announced today that residents of Puerto Rico are now eligible to apply for a TradeStation Crypto, Inc. account to trade cryptocurrencies. Crypto trading is available in Puerto Rico and much of the U.S. with aggregated liquidity, intelligent order routing, and competitive pricing. TradeStation Securities, Inc. is also licensed and permitted to do business in Puerto Rico, giving TradeStation Securities customers access to trade stocks, ETFs, options, and futures. We are excited to be expanding into Puerto Rico as adoption of digital assets continues to grow. We believe that Puerto Rico has a strong reputation supporting crypto, and we're looking forward to being part of the momentum surrounding their crypto community, We feel TradeStation offers clients the best of both worlds, a trusted brand that's been serving traders for over 30-years combined with innovative products and technology to access the crypto market." James Putra, Vice President, Product Strategy at TradeStation Crypto. TradeStation Crypto aggregates multiple pools of liquidity in a consolidated market data feed combined with an intelligent order-routing system designed to give its customers better visibility and trade execution, which is a differentiated model from some crypto exchanges. New crypto customers can also benefit from TradeStation's current offer bonus, awarding customers $10 in a supported cryptocurrency. Eligible customers can qualify for a higher tier-based reward if they deposit at least $5,000 of assets within 90 days from account approval.** In addition, customers can own cryptocurrency as an alternative investment in a TradeStation Individual Retirement Account (IRA). TradeStation's self-directed IRA provides flexibility for individuals and investment advisers who aim to achieve greater diversification with cryptocurrency. About TradeStation Group, Inc. TradeStation has, for decades, advanced fintech through its support of self-directed traders and investors in their journeys to claim their financial edge. TradeStation provides award-winning* trading and analysis platforms and self-clearing online brokerage services for stocks, ETFs, equity and index options, commodity and financial futures, futures options, and cryptocurrencies. These trading platforms are accessible on desktop, Web, and mobile, as well as via API technologies which seamlessly provide access to TradeStation's brokerage environment through third-party platforms. TradeStation's offerings also include deep and growing learning content designed to build confidence among those new to investing and hone the skills of seasoned traders. TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC, NFA & CME offers self-clearing equities, options, futures and futures options brokerage services as a licensed securities broker-dealer and futures commission merchant (FCM) and is a member of major equities and futures exchanges in the United States. TRADESTATION SECURITIES, INC. IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT THE NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS, OR MARKETS. TradeStation Crypto, Inc. offers self-clearing cryptocurrency brokerage services under federal and state money services business, money-transmitter, and similar registrations and licenses. TradeStation Crypto, Inc. is not subject to NFA's regulatory oversight and examinations.

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