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The two firms will partner to earn the business of state-sponsored retirement programs, like OregonSaves and CalSavers.

Bank of New York Mellon and Vestwell are entering a partnership that will give the bank a technological boost as it embarks on a foray into service offerings for state-sponsored retirement plans. The bank signed Vestwell as an affiliate, meaning several of the banking behemoth’s units, including BNY Mellon Custody, Pershing brokerage services, Lockwood asset management and retirement plan management solution, Sumday, will all have access to the newly signed firms’ homegrown retirement plan-focused interface.

According to Georgetown University’s Center for Retirement Initiatives, some 40 states have implemented, studied or considered legislation to establish state-facilitated retirement savings programs in the past six years. This level of interest signals there’s significant momentum behind state- and city-sponsored retirement plans. While Oregon was first out of the gate with OregonSaves, there are now 11 state and local government-enacted retirement savings programs for private sectorworkers, including an auto-IRA in the City of Seattle. Last month California started its official pilot program registration and enrollment.

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Improved collection rates, shorter payment cycles, and accelerated cash flows for universities, private schools and language schools

LONDON, Nov. 15, 2018 (GLOBE NEWSWIRE) — Flywire, a company that solves complex payment problems for businesses and institutions, today announced the availability of Flywire Payment Plan Management in the UK. The solution enables schools and universities of all types to offer students and their families custom tuition payment plans to fit their specific needs while streamlining the administrative requirements involved.

Payment Plan Management empowers school and university staff to manage personalised repayment terms with students and their families based on pre-defined rules. Payers can use a variety of vehicles; e.g., recurring card payments, installment payments, bank transfers, to pay their tuition on a schedule that fits both their needs and the institution’s. The offering is available to both domestic and international payers, and designed to meet GDPR and PCI DSS standards.

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CHICAGO, Oct. 25, 2018 /PRNewswire/ — Snapsheet, the industry-leading provider of virtual claims technology for the personal and commercial insurance marketplace, today announced that it was named to CB Insights Top Fintech Startup list, which highlights the 250 most promising private companies demonstrating financial stability, overall health and growth potential.

Snapsheet was one of only two companies in the insurance category focused on the Enterprise/B2B segment of insurance carrier and partner enablement. In total, just 20 companies of the 250 were in the insurance category.

“We began seven years ago as the insurance industry’s first mobile claims solution,” said Jamie Yoder, Snapsheet president. “Today, we are much more than a mobile claims application, we are reimagining and delivering a customer-first claims process with an intelligent, proprietary platform combining technology, data and people to deliver results in months, not years.”

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BOSTON and MUMBAI, India, Oct. 16, 2018 (GLOBE NEWSWIRE) — Flywire, a company that solves complex payment problems for leading businesses and institutions, today announced a simpler way for students in India to pay tuition fees to global universities. Leveraging the framework established by the Reserve Bank of India (RBI), Flywire, in conjunction with Deutsche Bank, is among the first companies of its type to streamline the onshore collection of Indian Rupee for student fees. This enables Flywire to digitize the cumbersome paperwork and declarations typically required for transferring funds abroad from India.

The new simplified process became available August 1, 2018  for payments to any institution using Flywire to process international payments. Remitters will be able to leverage a fully automated workflow for submission of documents and declarations, eliminating the need for a multi-step manual process. This offers substantial time-savings for remitters while ensuring compliance with existing regulations.

“We’re very pleased to be able to work with Deutsche Bank to offer this option to make cross-border transactions easier for Indian students and their families,” said Ryan Frere, vice president of global payments for Flywire. “India is one of the fastest-growing source countries for international students in the world and we strive to offer the most convenient and efficient local payment methods – no matter where they originate.”

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BOSTON, Oct. 04, 2018 (GLOBE NEWSWIRE) — Massachusetts’ largest technology trade association announced the winners of the region’s most prestigious technology awards at their 21^st annual Mass Technology Leadership Awards Gala at Boston’s Seaport World Trade Center. Hundreds gathered to celebrate the people and companies shaping the Massachusetts technology economy in 15 categories—including Massachusetts Company of the Year, CarGurus; Emerging Massachusetts Company of the Year, Flywire; and CEO of the Year, Carbonite’s Mohamad Ali.

In addition to the 15 industry-nominated awards, MassTLC highlighted the stories of three special leaders who’ve made significant contributions to the technology community. Technology pioneer, entrepreneur, investor and mentor, John Landry, received the Commonwealth Award, the Council’s highest honor, for a lifetime of contributions to tech. First-generation immigrant and former Global Chief Diversity officer for EMC, Jackie Glenn was honored with the Mosaic Award for inclusion. And, Technical Fellow and Director of Microsoft Research New England, New York and Montreal, Jennifer Chayes received the Council’s Distinguished Leadership Award for her contributions to the field of machine learning.

“The Mass Technology Leadership Awards celebrate the extraordinary leaders and innovators whose work is at the heart of our innovation economy,” said Tom Hopcroft, CEO, MassTLC. “Each year, I am honored to recognize the hardworking visionaries that are leading this state and the world, towards a better future.”

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BOSTON, Oct. 04, 2018 (GLOBE NEWSWIRE) — Massachusetts’ largest technology trade association announced the winners of the region’s most prestigious technology awards at their 21^st annual Mass Technology Leadership Awards Gala at Boston’s Seaport World Trade Center. Hundreds gathered to celebrate the people and companies shaping the Massachusetts technology economy in 15 categories—including Massachusetts Company of the Year, CarGurus; Emerging Massachusetts Company of the Year, Flywire; and CEO of the Year, Carbonite’s Mohamad Ali.

In addition to the 15 industry-nominated awards, MassTLC highlighted the stories of three special leaders who’ve made significant contributions to the technology community. Technology pioneer, entrepreneur, investor and mentor, John Landry, received the Commonwealth Award, the Council’s highest honor, for a lifetime of contributions to tech. First-generation immigrant and former Global Chief Diversity officer for EMC, Jackie Glenn was honored with the Mosaic Award for inclusion. And, Technical Fellow and Director of Microsoft Research New England, New York and Montreal, Jennifer Chayes received the Council’s Distinguished Leadership Award for her contributions to the field of machine learning.

“The Mass Technology Leadership Awards celebrate the extraordinary leaders and innovators whose work is at the heart of our innovation economy,” said Tom Hopcroft, CEO, MassTLC. “Each year, I am honored to recognize the hardworking visionaries that are leading this state and the world, towards a better future.”

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BOSTON, Sept. 05, 2018 (GLOBE NEWSWIRE) — Flywire, a company that solves complex payment problems for leading businesses and institutions, will participate in Boston FinTech Week, taking place around the city from September 10-14. CEO Mike Massaro and Chief Compliance Officer and General Counsel, Peter Butterfield will both be part of events during the week.

Boston FinTech Week, organized by FinTech Sandbox, is a collaboration between Boston’s accelerators, institutions, startups, universities, firms, co-working spaces and individuals designed to galvanize the local fintech ecosystem. It includes workshops, panels, crash courses, fireside chats, speed dating and more. The events take place at venues across the city and are all free.

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New York – Axoni, a leading provider of enterprise blockchain technology, announced today the completion of a $32 million Series B financing round led by Goldman Sachs and Nyca Partners, bringing Axoni’s total funding to date above $55 million. The financing round also included participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

Since its founding in 2013, Axoni has established itself as a leader in blockchain technology through successful partnerships with top investment banks, asset managers, and market infrastructure companies. Axoni’s AxCore technology has been deployed across a variety of markets ranging from complex derivatives to high-volume foreign exchange. Notably, it has earned the role as the industry’s choice to re-platform the system underpinning the legal records, lifecycle events, and cash flow calculations for the $11 trillion credit derivatives market.

Axoni will use the latest round of financing to enhance its data synchronization technology, expand its suite of infrastructure products to support mission-critical deployments of AxCore, and broaden the network of enterprises leveraging distributed ledgers. It will also advance development of AxLang, the world’s first Ethereum-compatible smart contracting language to enable formal verification.

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New York, NY — August 7, 2018 — Even Financial (“Even”), a fintech company that is evolving the consumer financial services ecosystem with its leading recommendation engine and acquisition platform, announced today that it has raised $18.8 million in Series A funding led by GreatPoint Ventures. The round includes participation from Goldman Sachs, Canaan Partners, F-Prime Capital, Lerer Hippeau and notable investors, including NerdWallet co-founder Jacob Gibson and Jason Owen, Senior Vice President and General Manager at Credit.com. The Series A financing includes a previously announced investment of $3.3 million secured in January from American Express Ventures, Arab Angels, Plug and Play Ventures and Valuestream Ventures. The Series A comes after Even’s $6.2 million seed round, totaling $25 million in funding for the company to date. The new funds will be used to continue to accelerate growth and tackle new product verticals, including deposits, credit cards and mortgages.

Even’s recommendation API acts as a trusted intermediary between banks and third parties – such as personal finance websites, apps and points of sale – to offer optimal financial product recommendations, and has been growing rapidly over the last year. Each month, over three million consumers transact across the Even network to be matched with the right financial products.

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