News

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has deployed PeerNova’s Cuneiform® Platform to streamline its customer onboarding process when implementing its international post-trade processing solution. Broadridge has a well-established track record of prioritizing client experience and implementing effective technologies to place its customers first.

CIBC Innovation Banking, Ten Coves Capital, and Mosaik Partners are pleased to announce that they have provided new credit facilities and equity financing to San Diego-based Point Predictive Inc. (“Point Predictive”), a leading data and analytics company that helps lenders automate loan decisions, mitigate loan losses and reduce underwriting friction. Leveraging un-matched industry data consortiums and the power of AI and machine learning models, Point Predictive helps lenders better separate truthful loan applications from those containing fraud and misrepresentation to accelerate the underwriting process − a significant industry demand.

MagicCube, a mobile security startup, has raised $15 million in a round led by Mosaik Partners. Bold Capital, Epic Ventures, card-reader/POS hardware maker ID Tech and unnamed individual investors in the fintech space also participated in the financing, which brings the Santa Clara-based startup’s total funding raised to $30 million since its 2014 inception.

Azimuth GRC, a compliance automation pioneer, announces Shannon Warren is joining its Advisory Board. Shannon’s more than 25 years of experience in banking, audit and advisory services, including several finance roles at JPMorgan Chase, brings expertise with risk and control management, accounting and financial reporting, mergers and acquisitions, investment banking products and reputation risk management.

vWise, Inc., a leading provider of technology solutions for the retirement industry, today announced its partnership with ProNvest, a leading provider of customized managed account services, to offer a hands-on, engagement-focused managed account platform. Providers using vWise will be given the opportunity to offer ProNvest’s managed account program and the vWise Experience Platform to participants under their recordkeeping umbrella.

Payouts Network and Payix have teamed up to help consumers and businesses get the money they need in seconds. Payouts Network’s Instant Payouts solution will allow Payix clients to fund loans in near real time. Payix is a leading provider of white-labeled collection tools and payment processing services to lenders and loan servicers. The company has selected Payouts Network, the fintech services company leading the revolution in new and better payout capabilities, to give their clients even better ways to serve their lending customers.

Azimuth GRC, Inc., the Jacksonville-based regulatory compliance software platform, announced today that it has secured Series A financing. Mosaik Partners, a San Francisco-based venture capital firm focused on financial technology, led the round which included other new and existing investors.