Waddell & Reed Financial, Inc. Declares Quarterly Dividend and Announces Date of Third Quarter Earnings Release

Waddell & Reed | September 20, 2016

The Board of Directors of Waddell & Reed Financial, Inc. (NYSE: WDR) approved a quarterly dividend on its Class A common stock of $0.46 per share payable on November 1, 2016 to stockholders of record as of October 11, 2016. Waddell & Reed Financial, Inc. will announce third quarter 2016 earnings before trading begins on the New York Stock Exchange, Tuesday, October 25, 2016, followed by a conference call at 10:00 a.m. Eastern.

Spotlight

Transaction Banking is certainly a niche, and there are many facets to this important and ever-changing business. Whether you are new to the industry, taking on a new role in your institution, or simply looking to sharpen your skills, Citi Transaction Banking Academy for Financial Institutions Professionals is for you. Citi has developed a market-leading curriculum of educational seminars, available both on-line and in-person, to help you gain the knowledge you need to succeed.


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PAYMENTS

Aliaswire DirectBiller Modernizes Billing and Payment for Utilities

Aliaswire, Inc. | September 02, 2022

Aliaswire, a provider of bill payment and credit solutions for businesses and banks, today announced new capabilities for utility clients in its DirectBiller platform and reported impressive growth in the number of payments being processed by utilities. The new features address the growing need for utilities to meet customer expectations for more modern and convenient payment methods, while also reducing their operating costs. The company saw a 337% increase in the number of payments processed by utility companies on its DirectBiller platform over the last 12 months, with one natural gas provider processing over one million payments per month and continuing to grow volume at 12% month-over-month. “When you have recurring billing relationships like utilities, the billing and payment experience becomes a critical touchpoint. In many cases, it may be the only one a utility has with a customer each month, Not only does that experience have a huge impact on customer satisfaction, but it can also create big operational inefficiencies without proficient systems and processes in place, as finance teams are then forced to manually handle payment receipt and reconciliation.” -Jed, Rice, CEO of Aliaswire DirectBiller optimizes the billing and payment experience for residential, commercial and non-consumption utility customers. The platform manages the entire end-to-end process from billing through payment reconciliation and encourages on-time payments by providing easy and secure ways for customers to receive and pay their utility bills. DirectBiller enables utilities to consolidate all payment channels on a single platform and integrates seamlessly with utilities’ ERP systems and their banks’ treasury management systems to streamline payment reconciliation. Key features in DirectBiller for Utilities Bill Payment Members of the same household can log in separately to make payments against their shared account Multiple payment options (web, mobile, text, CSR, IVR, kiosk) One-time payment and auto pay Automated payment reminders Multilingual IVR service that follows the same payment flows as web and mobile experiences CSRs can provide one-time payment links via text or email to unenrolled customers Customers can pay directly on DirectBiller’s hosted payer portal, or the payment experience can be embedded within a utility’s existing payment site via single sign-on or API Real-time posting lets the utility and customer know immediately when payments have posted to better manage service levels and terminations Support for Multiple Divisions For utilities with multiple lines of business, DirectBiller can support separate payment flows and websites. Reporting can be provided at the division level as well as a single consolidated view at the corporate level. Flexible Card Processing and Fee Management Support for different fee models for residential, commercial and non-consumption lines of business Patented technology streamlines daily net settlement of surcharges, convenience fees. Competitive “cost plus” interchange pricing, including Level 2/3 processing Support for Non-Consumption Business Full PDF presentment of complex and multi-page invoices Multiple invoices can be grouped into a single payment transaction or processed individually Payers can apply credit memos to invoices and pay net balance due About Aliaswire, Inc. Aliaswire is a fintech company based in Boston with a history of innovation in payments. The company supports leading financial institutions and merchant services providers with bill pay through DirectBiller® and small business credit solutions through Payvus®.

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BITCOIN AND CRYPTO

CoinShares acquires Napoleon Asset Management, the first AIFM-regulated crypto asset manager

CoinShares | July 04, 2022

CoinShares International Limited (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF) (“CoinShares”), Europe's largest and longest standing digital asset investment firm is pleased to announce that, following receipt of approval from the Autorité des Marchés Financiers (AMF), it has acquired Napoleon Asset Management, one of the first ever digital asset managers, licensed under the AIFM Directive since March 2019. The transaction signed and completed on 30 June 2022. The transaction follows the acquisition of the Napoleon Group last December and fits with CoinShares’ strategy of developing into a full-service digital asset investment and trading group, within a strong regulatory framework. CoinShares is a strong advocate of regulation in the digital asset industry and has an extensive list of regulated products and services. The Alternative Investment Fund Manager (“AIFM”) licence is one of the most rigorous European regulations for Asset Managers and is a key component in CoinShares' ambition to become the leading investment group in the digital asset sector. The acquisition of Napoleon Asset Management allows CoinShares to offer AIFM compliant products and services, in addition to its market leading position as an issuer of crypto Exchange Traded Products (ETPs). The AIFM licence carries a passporting regime that allows it to provide and market services and products throughout the European Union. The acquisition will also enhance CoinShares’ offering by leveraging active investment strategies based on algorithmic trading and artificial intelligence for digital assets built by Napoleon Asset Management quants teams. “After the recent events in the digital asset sector, it has never been more clear that strong regulation is needed for crypto to thrive. As such we are very pleased to have received this approval from the AMF to acquire Napoleon Asset Management. Bringing the company into our group is a further step in the right direction towards investor protection. We are proud to be one of the most regulated digital asset investment firms in the industry. Our regulated status in a growing number of jurisdictions is one of CoinShares’ principal strengths; it reassures our clients and demonstrates our plans to lead Europe’s digital asset sector.” -Jean-Marie Mognetti, Chief Executive Officer of CoinShares. Jean-Charles Dudek, Chief Executive Officer of Napoleon Asset Management, said: We have continued to build upon the synergies between our two businesses since CoinShares acquired the Napoleon Group last December. The integration of Napoleon Asset Management into the group was anticipated at that time but necessarily needed to await consideration by and approval of the change of control by the AMF. Now that approval has been granted, this acquisition by CoinShares will further strengthen the ties between us. ABOUT COINSHARES- CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.

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FINANCIAL MANAGEMENT,INVESTMENT MANAGEMENT

Investment Banking Firm Outcome Capital Launches Advisory Practice

Outcome Capital | August 26, 2022

Outcome Capital, a highly specialized life science and healthcare investment banking group, today announced the formal launch of an Advisory Services Practice in response to demand from client companies and their Boards for earlier access to Outcome’s broad scientific, clinical, financial and strategy capabilities. The firm’s advisory services will include bespoke tax and accounting solutions provided by Michaele Esdale, PhD, CPA, who joined the firm earlier this year. “We are excited to offer our Advisory Practice as a complement to our investment banking services, and Michaele’s deep accounting background deepens the breadth of our services to enable full-scope analysis. Her additional services will provide our clients with end-to-end, strategy creation to financial service offerings that clients will benefit from significantly,” - Arnold Freedman To meet Outcome’s deep commitment to the life science sector, the firm has already assisted numerous innovative companies, family offices and venture firms seeking “pre-transaction” guidance and support in anticipation of future exit events and capital requirements. The company will now formally offer life science and healthcare management, Boards and investors with access to the firm’s strategic and financial expertise through the new Advisory Services Practice. Services provided will include proprietary data and analytics platforms, modeling and valuation frameworks, portfolio management expertise, financial statement analysis, earnings optimization, exit planning and scenario analysis, along with a myriad of corporate development services. In addition to Dr. Esdale, these services will be provided by Outcome’s legacy strategy and finance groups, led by Co-Founders and Managing Directors Oded Ben-Joseph, PhD, MBA and Arnold Freedman, along with senior management: Ellen Baron, PhD; Paul Mieyal, PhD, CFA; Karl Hess; Craig Steger; Michael Casasanta, PhD; Thomas Busby and Nicholas Frame, PhD. Dr. Ben-Joseph commented, Technologies can all too easily drift from what the market is truly seeking, and a strong corporate development function reduces extraneous costs and increases the likelihood of transacting. Curiously, however, one of the last positions filled for many life science companies is related to corporate development, which is an instrumental role in our industry. Since Outcome’s inception, we have found management teams at a disadvantage when initiating transaction work too late and we often represent clients who have conveyed their regret in not engaging sooner after seeing the benefits we can offer. Therefore, although our team has already been undertaking this strategic work routinely, we are looking forward to formally offering services to address these corporate development needs. Dr. Esdale is a CPA with over twenty years of experience spanning accounting and taxation in a variety of senior public and private roles. Prior to Outcome Capital, Dr. Esdale spent nearly two decades in academia, authoring over 30 publications in both academic and professional journals. Concurrent to her time in academia, Dr. Esdale was a national tax instructor for PwC and KPMG, where she taught a wide variety of topics including mergers and acquisitions, corporate tax and the ins and outs of net operating losses. Dr. Esdale’s operational expertise includes CFO and COO positions for a technology company that provided clinical trial data-sharing software to multinational pharmaceutical companies. She is a 2019 Boston Business Journal 40 Under 40 Honoree. Dr. Esdale commented, I am looking forward to the opportunity to assist growth-stage companies with business optimization strategies. The financial advisory services we provide assist in maximizing current profitability and instituting best practices, while also serving to implement necessary infrastructure for future growth and exit strategies. About Outcome Capital Outcome Capital is a highly specialized life science and healthcare advisory and investment banking firm, providing innovative companies with a value-added, market-aligned approach to mergers & acquisitions, partnering and corporate finance. The firm leverages its proven ‘strategy-led execution’ approach to value enhancement by assisting management teams and their boards in navigating both financial and corporate markets and implementing the best path for success. The firm’s strength stems from its multi-disciplinary, industry experts who draw from their broad relationships and a wide range of scientific, operational, strategic and transactional expertise across the value chain. Comprised of former CEOs, business development executives, venture capitalists, PhD/MD-level scientists and clinicians, and experienced commercialization experts, our team is driven to propel innovation from bench to bedside.

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INVESTMENT MANAGEMENT

First Dollar and DriveWealth Partner to Power Embedded Investing

First Dollar and DriveWealth | September 14, 2022

First Dollar, a technology company that builds healthcare benefits infrastructure, today announced a new partnership with DriveWealth, a global fintech investment rail and pioneer in fractional investing, to power a Health Savings Account (HSA) investing experience inside of their API-driven Health Wallet Platform. Benefit providers like health plans, financial institutions, & TPAs partner with First Dollar to power modern benefits that can be white labeled and embedded inside of their existing card and member portal. With this partnership, consumers with HSAs will be able to invest in fractional shares as well as access a diverse portfolio of equities and ETFs, all within their Health Wallet dashboard. More consumers than ever are investing a portion of their Health Savings Account (HSA)— Devenir's Mid-Year report calculates a 45% year-over-year growth in 2021 at $34.4 billion AUM. First Dollar's partnership with DriveWealth ensures all members have a frictionless investing experience. Like the First Dollar Health Wallet platform today, consumers will be able to access the HSA investment experience in multiple languages (beginning with English and Spanish), a key to unblocking access to an in-demand and central benefit of the HSA. "Partnering with DriveWealth was a no-brainer, Their APIs give us the flexibility to take the clean and simple approach to UX that First Dollar's embeddable benefits platform is known for and expand that vision to the historically complex world of investments. We now have the freedom to continuously adapt our product for both our English and Spanish speakers, opening up access to those who have historically been excluded from the investment experience." -Izamar Loredo, Senior Product Manager at First Dollar We're thrilled to partner with the First Dollar team, whose customer-first values align with ours here at DriveWealth, First Dollar's unique offerings have provided customers with a gateway to the best health plan for their needs. Through this partnership, we're excited to equip First Dollar customers with seamless HSA investing capabilities to help them take greater control of their financial futures, said Stan Smith, Managing Director of DriveHSA, powered by DriveWealth. About First Dollar First Dollar is a technology company that builds healthcare benefits infrastructure. Our health wallet platform gives benefit providers the tools they need to launch tax-advantaged accounts, supplemental benefits, or whatever they dream up next. About DriveWealth DriveWealth, a global fintech investment rail and pioneer of fractional equities trading, is a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hands. We believe the future is fractional, transactional, and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth's consultative support and cloud-based, modern technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth.

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Spotlight

Transaction Banking is certainly a niche, and there are many facets to this important and ever-changing business. Whether you are new to the industry, taking on a new role in your institution, or simply looking to sharpen your skills, Citi Transaction Banking Academy for Financial Institutions Professionals is for you. Citi has developed a market-leading curriculum of educational seminars, available both on-line and in-person, to help you gain the knowledge you need to succeed.

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