VPay, a leading turnkey payment platform, today announced 2018 results, including 40 percent revenue growth from 2017 to 2018. The company has consistently driven significant year over year growth since its $76 million investment round led by FTV Capital in 2016. VPay’s customer base has grown by over 70%, reflecting the rapidly increasing need for consumer-driven and secure fintech solutions in the insurance and healthcare industries.
VPay facilitates billions of dollars in payments via ACH, virtual cards, and checks for clients in insurance verticals such as third-party administrators, health plans, dental plans, property & casualty, and workers’ compensation payers. VPay has experienced a 205 percent increase in the number of transactions since 2016.
The total amount of dollars processed grew more than 250 percent and transactions grew by 205 percent to over 900,000 unique service providers.
Additionally, volume growth for epayments (ACH and virtual cards) has grown by 190 percent in the past two years.
Matcha, the leading content marketing platform for small businesses, today announced a partnership with NewsCred, the leading provider of enterprise content marketing technology and services. Gartner recently named NewsCred the leading content marketing platform for enterprises, ahead of competitors like Contently, Percolate, and Skyword. The partnership will enable Matcha to expand its content marketing solution beyond the outdoor and travel industries to small businesses in the fitness & wellness, beauty & fashion, home & family, and food & beverage sectors.
"Historically, content marketing has been off-limits to small businesses because the resources required to create, distribute, and measure content are overwhelming," said Fynn Glover, founder and CEO of Matcha. "We believe that SMB marketers—especially in e-commerce businesses—need a solution that simplifies content marketing, yet has a powerful impact on the results of their overall growth strategy."
ID.me, the next generation digital identity platform, today announced the expansion of its executive team with four new appointments: Ned Struzziero as Vice President of Public Sector, Wade Callison as Vice President of Financial Services & Healthcare, Brian Piccioni as Vice President of Finance, and Melissa Blanken as Vice President of Marketing & eCommerce. Pradheep Sampath has also stepped up as ID.me’s Chief Product Officer after serving a successful year as Vice President of Product.
ID.me recently surpassed 10 million users on its platform, doubling its user count in just over a year. Since hitting the 5 million user milestone in December 2017, ID.me added significant new capabilities to its platform including Virtual In-Person proofing, employment verification, and Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. The company also began authenticating healthcare providers in compliance with the DEA’s requirements for Electronic Prescription for Controlled Substances (EPCS) in order to combat the opioid crisis. Last August, ID.me earned accreditation against the new NIST 800-63-3 identity standards at Identity Assurance Level 2 and Authenticator Assurance Level 2 level -- the most rigorous set of federal controls established to bind an individual’s legal identity to a digital login.
ID.me, the next generation digital identity platform, today announced that it has surpassed 10 million users, doubling its user count in just over a year. The company achieved this milestone after federal government agencies, two top ten retailers, and a major American city integrated with ID.me’s shared login service. Those partners drove substantial new user growth and expanded the number of places where ID.me users may access services.
ID.me simplifies how individuals securely share their identity online. Like a digital driver’s license, once an individual has created an ID.me login and verified their identity, they may sign-in to any site that accepts ID.me and consent to the release of their verified identity without needing to create a new login and password or to re-verify their identity at that site. This user-centric approach to identity puts ID.me’s ten million plus users in full control of their own data and who has access to it based on their own security and privacy preferences.
Swan Global Investments (“Swan”), a leading provider of hedged equity solutions and mutual fund products for more than two decades, today announced it has launched the Swan Defined Risk Growth Fund (the “Fund”) (Institutional Class: SDAIX; A Class: SDAAX) to meet growing investor demand for strategies that offer the potential for enhanced returns and steady income generation along with downside risk management. This Fund, which is Swan’s fifth open-end mutual fund, further expands the firm’s proprietary Defined Risk Strategy (“DRS”) offering.
Swan’s flagship DRS solution, which launched in July 1997, is anchored by large cap U.S. equity exposure. The DRS has also been available in other asset classes like small cap equity, developed international equity and emerging market equity.
Temenos (SIX: TEMN), the banking software company, and Credorax, a leading global smart acquiring banking firm, today announced that it has selected Temenos T24 Transact deployed on the cloud. Temenos’ digital banking platform in the cloud will enable Credorax to expand into new market segments, and accelerate time-to-market for its offerings, for enterprises and small businesses, beyond merchant acquiring, into cross-border payments and banking services.
A recent report from GlobalData found that only 10% of wealth managers perceive robo-advisors as an immediate threat. With the entire financial industry racing towards widespread digital adoption, it begs the question – shouldn’t they be more worried? John Wise, CEO, Co-Founder and Chairman of InvestCloud investigates.
The biggest mistake wealth managers are making is holding on to the long-standing belief that robo-advisors will only serve the lower retail market. This is the same mistake ‘brick and mortar’ stores made in sizing up Amazon as a threat; they fail to appreciate the competitive advantage a digital platform has.
GigaSpaces, the provider of InsightEdge, a leading in-memory real-time analytics platform for instant insights to action, announced an exceptionally successful 2018 with record profits and strong financial cash flow. Year over year exponential InsightEdge platform revenue growth continues due to the adoption of the in-memory real-time analytics platform by new and existing tier-1 customers and the signing of several significant OEM agreements. The company also expanded its partner ecosystem with several new big data cloud technology and go-to-market partners. The addition of top-talents across regions has helped the company execute on its product strategy and exceed sales targets.
Leading innovations released in 2018, are paving the way for enterprises to gain smarter and faster insights across cloud, on premise and hybrid environments as they run transactional and analytical workloads on real-time data, enriched with historical context.
Riskalyze today announced that Timeline, a powerful new way for advisors to visualize a client's capacity for risk, is live and available for all Riskalyze Premier users. The firm made the announcement at the T3 Advisor Conference, taking place at the Denton Convention Center in Denton, Texas.
Timeline adds incredible new capabilities to Riskalyze's Retirement Maps feature, which advisors use to assess investor risk capacity and build a map to success. With Timeline, advisors can add events to Retirement Maps, including sending children to college, buying a house, or taking Social Security, and immediately see them reflected in the Retirement Map calculation. Riskalyze will also make Timeline events accessible via API access, so advisors using financial planning tools will be able to pull Timeline events right into a client's comprehensive financial plan.
Tech entrepreneur and former Tribridge CEO Tony DiBenedetto is taking his next step in retirement: joining the board of directors for A-LIGN.
A-LIGN, the Tampa-based cybersecurity and compliance company, announced Tuesday that DiBenedetto will be joining the board to help the company's growth.
"It's funny, I've known [CEO] Scott [Price] for many years and admired all he’s done to grow his business," DiBenedetto said. "We were friends going back maybe 25 years ago. When I saw what he was doing and started talking to him, I felt I could really help with the growth part of their story."
While the announcement was made Tuesday, DiBenedetto has been on the board for a few months and jumped right in to help the company's growth.
"I'm working with the company and Scott on all the things that come with high growth," he said. "Whether that's strategy, how to add X number of people; there's pretty aggressive growth plans, so how do we incorporate them into the culture, while keeping the people we have but attracting new people. All those things we're dealing with at a company level and board perspective."
