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Clever Real Estate Expands Tech Footprint, Acquires Gravy Technologies

Retrieved on:

Monday, January 8, 2024

Traction, Acquisition, Merkle, Laas, Education, Real estate

ST. LOUIS, Jan. 8, 2024 /PRNewswire/ -- Clever Real Estate , a fast-growing real estate education and technology company, has acquired Gravy Technologies , a startup that has built the first loyalty rewards platform for first-time home buyers.

Key Points:

ST. LOUIS, Jan. 8, 2024 /PRNewswire/ -- Clever Real Estate , a fast-growing real estate education and technology company, has acquired Gravy Technologies , a startup that has built the first loyalty rewards platform for first-time home buyers.
To date, the Gravy app has helped over 30,000 people prepare for homeownership and earn $20 million in rewards.
In addition to its consumer app, Gravy also provides a "loyalty-as-a-service" (LaaS) solution for real estate agents and mortgage lenders to offer a white-labeled loyalty app to its customers.
"We were blown away by the quality of Gravy's technology and the impressive traction their LaaS platform had with lenders and real estate agents," said Luke Babich, Clever co-founder and CEO.

Wish Further Expands its Logistics as a Service (LaaS) Arm with the Launch of ‘WishPost Smart Parcel’

Retrieved on:

Wednesday, November 15, 2023

Laas, Wish (company), SAN, Gateway Logistics Services, LSP, Wish

WishPost Smart Parcel’s end-to-end small parcel delivery service leverages Wish’s global network of Logistics Service Providers (LSP) which spans first mile, international line haul, customs brokerage and last mile delivery.

Key Points:

WishPost Smart Parcel’s end-to-end small parcel delivery service leverages Wish’s global network of Logistics Service Providers (LSP) which spans first mile, international line haul, customs brokerage and last mile delivery.
Designed to meet the needs of non-Wish merchants, the innovative service underpins Wish's commitment to delivering operational excellence.
Earlier this year, Wish introduced flat rate shipping to customers in its major markets.
The flat rate shipping fee is applied to all eligible items1 over $10, at no additional cost to merchants.

Rapid Finance Extends Availability of Its API-Supported SMB Disclosure Service to Include Georgia and Florida Ahead of New Commercial Financing Disclosure Requirements

Retrieved on:

Wednesday, December 13, 2023

These commercial financing disclosure laws aim to standardize disclosures for commercial financing below a certain principal financing amount.

Key Points:

These commercial financing disclosure laws aim to standardize disclosures for commercial financing below a certain principal financing amount.
In both Georgia and Florida, these regulations require certain commercial financing providers to be transparent with transactions of $500,000 or less that occur at least six times per year.
With more states passing similar regulations for SMB financing, Rapid Finance’s API and user interface equips lenders with a way to remain compliant with states’ specific regulatory requirements.
Enterprises can focus their attention on building their customer relationships without worrying about not staying compliant with state regulatory requirements.

Rapid Finance Releases White Paper: “What You Should Know About Preventing Fraud and Optimizing Lending in The Age of Fintech”

Retrieved on:

Monday, December 4, 2023

To address this, financial institutions (FIs) are exploring innovative approaches to tackle the issue head-on.

Key Points:

To address this, financial institutions (FIs) are exploring innovative approaches to tackle the issue head-on.
Many FIs have assimilated data over years of operation across different product silos.
The white paper underscores the importance of preventing fraud at the onset of the lending process using data-driven strategies that rely on clean, accurate, and verified data to streamline and improve the lending lifecycle for SMBs.
This is accomplished without needing to make extensive changes to existing data structures or business processes.”
For more information download the full white paper here.

Customers Bank Selects Funding Circle To Power Small Business Lending

Retrieved on:

Monday, November 13, 2023

Banking, Professional Services, Small Business, Technology, Software, Customers Bancorp, Funding Circle, LSE, Small business, Marketing, Laas, Partnership, SBA, Growth, SMB, FCH, SVP, Bank

Funding Circle (LSE: FCH), the online lending platform for small businesses, today announced Customers Bank is expanding its digital SMB lending capabilities through Funding Circle’s embedded Lending as a Service (LaaS) platform .

Key Points:

Funding Circle (LSE: FCH), the online lending platform for small businesses, today announced Customers Bank is expanding its digital SMB lending capabilities through Funding Circle’s embedded Lending as a Service (LaaS) platform .
The agreement allows Customers Bank to embed Funding Circle's end-to-end digital lending platform in its product suite and marketing assets.
The platform handles all elements of offering a loan, allowing Customers Bank to provide its small business customers seamless access to affordable term loans up to $500,000 in as quickly as 48 hours.
This exciting partnership follows a historic announcement by the U.S. Small Business Administration that it has granted Funding Circle a license to offer SBA 7(a) small business loans nationwide which will be available through Funding Circle in early 2024.

Kasasa Partners with Magwitch to Enhance Lending Options for Community Financial Institutions Nationwide

Retrieved on:

Tuesday, November 14, 2023

Sale, Marketing, Point, Agriculture, Acquisition, Partnership, Laas, Bank, Abel Magwitch, Kasasa

AUSTIN, Texas, Nov. 14, 2023 /PRNewswire/ -- Kasasa, an award-winning financial technology and marketing provider, today announced it is partnering with Magwitch, a LaaS (Lending as a Service) platform providing a holistic suite of open lending capabilities for banks and credit unions, while empowering a comprehensive PosF (Point of Sale Financing) platform for merchants, manufacturers, distributors, and fintechs across the US. Magwitch will be the exclusive LaaS platform for Kasasa to help the community financial institutions they work with, also known as Kasasa financial institutions (KFIs), generate more loan volume within their geographic footprints.

Key Points:

Magwitch will be the exclusive LaaS platform for Kasasa to help the community financial institutions they work with, also known as Kasasa financial institutions (KFIs), generate more loan volume within their geographic footprints.
Kasasa partners exclusively with community financial institutions — the only place consumers can find their innovative banking solutions.
Kasasa serves hundreds of community financial institutions nationwide, representing over 3 million consumer bank accounts across 3,400+ branches in all 50 states.
Since 2003, Kasasa financial institutions have given back nearly $3 billion in rewards to Kasasa account holders.

Energy Efficiency and Smart Lighting Drive Surge in Global LaaS Adoption, Revolutionizing the Lighting Industry

Retrieved on:

Thursday, November 9, 2023

Internet of things, Services marketing, Financial management, Data collection, Urbanization, Maintenance, Research, R, LED, Lighting, Recycling, Laas, Compound annual growth rate, Renewable energy, Growth

The global lighting as a service (LaaS) market has achieved remarkable growth, reaching a market size of US$ 622 million in 2022.

Key Points:

The global lighting as a service (LaaS) market has achieved remarkable growth, reaching a market size of US$ 622 million in 2022.
Lighting as a service represents a service-based model that offers technical and financial management services, facilitating the transition from traditional lighting to smart lighting.
Lighting as a Service Market Trends:
The market is primarily driven by the surging demand for energy-efficient lighting systems on a global scale.
The rapid adoption of light-emitting diode (LED) technology, known for its energy efficiency, contributes positively to the market.

Figure Announces Its Newest Lending-as-a-Service Offering

Retrieved on:

Wednesday, November 1, 2023

Finance, Blockchain, Professional Services, Technology, Software, Guaranteed Rate, HELOC, Frommer, Algorithm, Laas, Uncertainty, Cryptocurrency, Video game, Figure

Figure Lending LLC (“Figure Lending”) and Figure Technologies, Inc. (“Figure”), a leader in transforming financial services through the power of blockchain technology, today announced it has expanded its Partnership business to include an increased offering under the Lending-as-a-Service (“LaaS”) platform, in addition to the previously launched Wholesale platform.

Key Points:

Figure Lending LLC (“Figure Lending”) and Figure Technologies, Inc. (“Figure”), a leader in transforming financial services through the power of blockchain technology, today announced it has expanded its Partnership business to include an increased offering under the Lending-as-a-Service (“LaaS”) platform, in addition to the previously launched Wholesale platform.
The expansion of Figure’s LaaS platform represents the next evolution of Figure’s Partnership business, which has almost tripled since Q3 2022, and follows the recently launched Figure wholesale platform, which allows mid-sized lenders to access Figure’s HELOC offering via a traditional wholesale model.
Figure’s LaaS solution provides lenders with the ability to leverage Figure’s proven HELOC system and product offering, including Figure’s income verification and lien matching algorithms, and to originate HELOCs based on a lender’s desired loan terms, pricing parameters and fulfillment requirements.
“Through Figure’s LaaS model, we are able to create a HELOC offering specifically targeted to the needs of our customers and loan buyers,” said Victor Ciardelli, President and CEO of Guaranteed Rate.

AI and ML Implementation Offering New Opportunities in the Evolving System Integration Services Landscape

Retrieved on:

Tuesday, October 31, 2023

Companies are gradually shifting away from on-premises solutions towards cloud-based system integration services that provide mobile accessibility and other intuitive services.

Key Points:

Companies are gradually shifting away from on-premises solutions towards cloud-based system integration services that provide mobile accessibility and other intuitive services.
End users often seek consulting services for their IT infrastructure needs, particularly in system integration.
System integration consulting services play a crucial role in helping organizations overcome the complexities and challenges associated with integrating diverse IT systems.
These economies are witnessing rapid growth in the number of businesses, leading to increased demand for system integration services.

Frederick-Gaithersburg-Rockville Ranked 7th Among 20 Most Arts-Vibrant Large Communities in the Nation

Retrieved on:

Friday, October 27, 2023

Research, National Center of Afro-American Artists, Organization, United, Creativity, Employment, SMU, Laas, Video game, Creative industries, Index

FREDERICK, Md., Oct. 27, 2023 /PRNewswire-PRWeb/ -- SMU DataArts, the National Center for Arts Research, today released its 8th Arts Vibrancy Index, which identifies Frederick-Gaithersburg-Rockville as number 7 in the list of 20 Large communities in the United States through an analysis of the level of supply, demand, and government support for the arts in more than 900 communities across the country. Organized into three separate lists based on community population size, totaling 40 communities across the country, this year's Arts Vibrancy Index is the first to include numerical rankings since 2020, a reflection of arts organizations returning to in-person activities and performances following the easing of pandemic restrictions. Frederick, along with its neighbors Gaithersburg and Rockville, has consistently appeared on the Arts Vibrancy Rankings since the launch of the rankings in 2015. This year, Frederick-Gaithersburg- Rockville is ranked seventh on the annual list of the 20 most arts-vibrant large communities in the nation.

Key Points:

Frederick, along with its neighbors Gaithersburg and Rockville, has consistently appeared on the Arts Vibrancy Rankings since the launch of the rankings in 2015.
This year, Frederick-Gaithersburg- Rockville is ranked seventh on the annual list of the 20 most arts-vibrant large communities in the nation.
This year, Frederick-Gaithersburg- Rockville is ranked seventh on the annual list of the 20 most arts-vibrant large communities in the nation.
"The arts and culture sector was hit hard by the pandemic, and some organizations and communities are still recovering.