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Business Wire
15-05-2025
- Business
- Business Wire
Apiture Innovator Award Winners Announced at Apiture Accelerate 2025 Conference
WILMINGTON, N.C.--(BUSINESS WIRE)-- Apiture, a leading provider of digital banking solutions, today announced the 2025 'Apiture Innovators' at its annual client conference, Apiture Accelerate, which took place this week in New Orleans. The event brought together industry leaders and experts from banks and credit unions from across the country. Now in its third year, the annual awards program recognizes financial institutions demonstrating new and innovative uses of the Apiture Digital Banking Platform. This year's winners include: $1.9B Alabama Credit Union, serving communities across Alabama and northern Florida, is leveraging the Apiture Consumer Banking and Business Banking solutions to support its members. Understanding that many of its members are also business owners, the credit union offers fully featured online and mobile banking solutions that seamlessly integrate business and personal accounts, providing convenience and continuity across all banking channels. $1.3B North American Banking Company was founded in 1998 in the Twin Cities of Minneapolis and St. Paul but has established a national footprint in the high volume and specialty payments space. In keeping with its focus on payments innovation, the bank is expanding its services to include real-time payments for both consumers and businesses. This financial institution will be the first Apiture client to enable customers to send and receive real-time payments in the Apiture Consumer Banking and Business Banking solutions through both the Federal Reserve's FedNow Service and RTP® from The Clearing House. $800M Quail Creek Bank has operated as a full-service community bank in Oklahoma City for more than 50 years. Leveraging Check and ACH Positive Pay, tools traditionally used by business clients, the institution is safeguarding high-net-worth consumers from fraud, providing additional peace of mind to this important customer segment. 'We are proud to celebrate this year's Innovator Award winners for their unique contributions to digital banking innovation and their drive to meet the evolving needs of their account holders,' said Chris Babcock, CEO of Apiture. 'As financial institutions continue to focus on delivering elevated experiences to today's consumers and businesses, we remain committed to empowering their success.' About Apiture Apiture delivers award-winning digital banking solutions to banks and credit unions throughout the U.S. Our flexible, highly configurable solutions meet a wide range of financial institutions' needs, from leveling the playing field with larger institutions to supporting growth through innovative data intelligence and embedded banking strategies. With our API-first approach, our clients can maximize the capabilities of their platform while preserving a seamless user experience. Our exclusive focus on digital banking, and a team with hundreds of years of collective experience working at U.S. financial institutions, means we are dedicated to meeting the unique needs of our clients while providing a level of support that is unmatched in the industry. Apiture is headquartered in Wilmington, North Carolina, with offices in Austin, Texas. To learn more, visit
Business Wire
06-05-2025
- Business
- Business Wire
Pidgin and United Bankers' Bank Named American Banker's 2025 Innovation of the Year
ATLANTA--(BUSINESS WIRE)-- Pidgin, a secure, real-time payments platform built for the future of payments, is proud to announce that its partnership with United Bankers' Bank (UBB) has been recognized as one of American Banker's Innovations of the Year for 2025. This prestigious award highlights the groundbreaking work Pidgin and UBB have accomplished in bringing instant payment capabilities to community banks across the United States. The collaboration between Pidgin and UBB has empowered more than 1,000 community banks to offer their customers secure and convenient payment options through the FedNow Service, the Federal Reserve's instant payment offering. Share According to UBB, 'Receiving this Innovation of the Year award is a proud moment for us and a testament to the strength of our collaboration with Pidgin. At UBB, we are focused on operational excellence and customer-centric innovation. By partnering with Pidgin, we've accelerated our ability to deliver seamless, secure, and modern payment experiences that meet the evolving needs of our clients.' The collaboration between Pidgin and UBB has empowered more than 1,000 community banks to offer their customers secure and convenient payment options through the FedNow Service, the Federal Reserve's instant payment offering. By providing community banks with access to cutting-edge payment technology, Pidgin and UBB have helped level the playing field, allowing smaller financial institutions to compete effectively with larger banks and fintech companies. Since going live with Pidgin, UBB has consistently increased the number of partner banks participating in the FedNow Service by 5-10% each month. The partnership enables community banks to process transactions quickly and securely across a variety of use cases, including Peer-to-Peer (P2P), Consumer-to-Business (C2B), Business-to-Consumer (B2C), and Business-to-Business (B2B) payments. "Being recognized by American Banker for our work with UBB is a tremendous honor that validates our mission to make instant payments accessible to financial institutions of all sizes," said Abhishek Veeraghanta, Founder and CEO of Pidgin. "This award belongs equally to the team at UBB, whose forward-thinking approach to payments has enabled their network of community banks to participate fully in the real-time payments landscape." American Banker's Innovation of the Year awards will be presented at a special gala during the Digital Banking Conference in Boca Raton on June 14, 2025. The awards recognize groundbreaking solutions driving real business impact and redefining what's possible in banking and financial services. About Pidgin Pidgin is an innovative and secure faster payments ecosystem, enabling financial institutions, business owners, and individuals to process transactions quickly and with lower fees. Engineered for the future of payments, Pidgin allows financial institutions to send and receive instant payments while keeping funds within the institution, rather than a third-party holding account. For more information, visit or follow Pidgin on LinkedIn.
Business Wire
29-04-2025
- Business
- Business Wire
VSoft Ushers In New Era: Modernizing Core Banking with API-First, Real-Time Solutions for Financial Institutions
ATLANTA--(BUSINESS WIRE)-- VSoft Corporation, a trusted provider of technology solutions for nearly three decades, is ushering in a new era of innovation, focused on modernizing core banking with API-first, real-time solutions for banks and credit unions. "Modernizing core banking systems isn't just a competitive advantage – it's becoming the deciding factor for which financial institutions will thrive in the next era of financial services." Under the leadership of Abhishek Veeraghanta, President of VSoft, the company is focused on delivering cutting-edge core and digital banking solutions specifically designed for modern financial institutions facing increased pressure to innovate. Veeraghanta, a fintech visionary, brings a wealth of expertise to his expanded role at VSoft. In 2022, he launched Pidgin, an Atlanta-based fintech and FedNow Service early adopter, enabling financial institutions to offer real-time payments to their account holders. Veeraghanta's appointment signals VSoft's commitment to driving innovation and delivering next-generation solutions to financial institutions globally. Many financial institutions continue to rely on legacy core systems that are 40 years or older, which reside on mainframe hardware coded with outdated programming languages. This technology is difficult, expensive and time-consuming to maintain. It's also rigid and severely limits a financial institution's ability to launch new products or service offerings. As a result, more financial institutions are pursuing core modernization strategies. In fact, Oliver Wyman research estimates that up to 5% of banks are looking to migrate to a new core system in the next two years. Ultimately, the next generation of financial services will be driven by platforms that embrace integration and connectivity. It's not enough to just modernize; institutions need systems that enable true extensibility, allowing them to add new features and respond quickly to customer expectations. VSoft is helping financial institutions make this leap with solutions like Wings, a cloud-ready core platform, delivering seamless integration and unmatched performance across both deposit and lending operations. VSoft's core platform is designed with: API-first architecture enabling easy third-party integration Real-time processing capabilities supporting instant payments Cloud-ready infrastructure ensuring scalability and resilience Modern technology stack providing a foundation for AI integration "Modernizing core banking systems isn't just a competitive advantage – it's becoming the deciding factor for which financial institutions will thrive in the next era of financial services," said Veeraghanta. "With our cloud-ready solutions, financial institutions can remain agile, adopt emerging technologies, and deliver the uninterrupted, high-performance banking experiences their customers expect." Known for its payment processing solutions, VSoft remains committed to its payment solutions. The company is partnered with the nation's largest financial institutions, processing 1.5 million checks per day. Despite an increase in digital, checks represent more than 20 percent of total payment value in the U.S. VSoft also continues to see strong growth of its digital banking platform, Arya, now leveraged by more than 30 banks and credit unions. About VSoft Corporation VSoft Corporation delivers cutting-edge core and digital banking solutions tailored for the modern financial services industry. Built with an API-first approach, VSoft's platforms empower financial institutions to integrate seamlessly with complex business systems and adopt next-generation technologies. Designed for real-time processing and scalability, VSoft's solutions are underpinned by a technology stack that is decades newer than those of legacy providers, offering unmatched efficiency and performance. With robust integration capabilities and a commitment to innovation, VSoft supports financial institutions worldwide in delivering seamless, high-volume, and high-performance transactions across multiple channels. For more information, visit
Yahoo
05-02-2025
- Business
- Yahoo
FIS gains send capabilities for FedNow service
US fintech company FIS has been certified to enable send capabilities for the Federal Reserve's FedNow instant payment service. The FedNow Service is an instant payment infrastructure that enables eligible depository institutions of various sizes across the US to offer instant payment services. This certification enables FIS to provide its financial institution clients with the capabilities to offer a 'modernised' digital payment experience to consumers and commercial borrowers. It follows the launch of FedNow in July 2023, FIS achieved certification after testing curriculum. The company's clients can now fully utilise the service, which supports the entire payments lifecycle, allowing for real-time credit transfers and alerts. FIS is one of the first technology providers certified to support credit transfer capabilities within the FedNow instant payment service, the company stated. FIS cards and money movement head Chris Como said: 'As money moves between banks, consumers, businesses and beyond in a complex cycle, credit and debit cards continue to play a leading role in the payment experience. 'However, slow or delayed transfers can harm customer loyalty when they need to pay loans, rent, or time-sensitive bills on any given day. Giving the end user direct access to send payments instantly using FedNow marks a huge milestone in our efforts to enable a harmonious payments experience for our clients and the customers they serve.' The company's fintech solutions are designed to enhance payment, banking, and investment systems for institutions, businesses, and developers alike. "FIS gains send capabilities for FedNow service " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
05-02-2025
- Business
- Yahoo
FirstBank Reports Strong Q4 Results and a Record-Setting Colorado Gives Day
The bank continues to 'Give It Forward' through Colorado Gives Day and expanded instant payment offerings LAKEWOOD, Colo., Feb. 05, 2025 (GLOBE NEWSWIRE) -- FirstBank, one of the nation's largest privately held banks with a focus on 'banking for good,' announced its 2024 fourth-quarter summary of the company's holdings and activities. The bank reported the following year-end and quarter-over-quarter results: Net income for 2024 was $226.1 million Total deposits increased by 0.4% in the fourth quarter to $24 billion Net loan balance remained unchanged during Q4 at $16.1 billion Total assets decreased by 0.7% to $27.2 billion from Sept. 30, 2024 to Dec. 31, 2024 In addition to growing both customer relationships and deposits in the fourth quarter, the bank reported over $3 billion in loan originations throughout the 2024 calendar year and recently expanded its instant payment offerings to include the FedNow Service. FirstBank now offers multiple instant payment options that are transmitted instantaneously and are available 24 hours a day, 365 days a year. The bank and Colorado Gives Foundation also helped raise a record-setting $54.6 million for Colorado Gives Day this past December, benefiting more than 4,200 area nonprofits. To promote the online giving movement, FirstBank surprised several deserving individuals, who were encouraged to 'Give It Forward' to their favorite Colorado Gives Day nonprofits. 'We're committed to long-term, sustainable success, and sound financial management,' says Kevin Classen, CEO of FirstBank. 'Our focus on smart, strategic growth not only ensures a stronger financial foundation, it allows us to reinvest in the well-being of our customers, communities, and employees, so everyone can thrive.' As part of FirstBank's commitment to increased affordable housing, the bank financed $23.8 million in Q4 to support Habitat for Humanity of Roaring Fork Valley's efforts to make homeownership more accessible. The loan will help bring nearly 100 deed-restricted, for-sale units to Glenwood Springs. FirstBank closed out 2024 as Colorado's second-largest bank by deposits, capturing over 12% of the state's deposit market share. It was also ranked among Forbes' 'World's Best Banks' and 'Best-in-State-Banks.' About FirstBank FirstBank began providing banking services in 1963. Today, it's known as an industry leader in digital banking. It has grown to be one of the top-performing and largest privately held banks in the United States. FirstBank offers a variety of consumer deposit accounts, home equity loans, mortgages, rental property loans, and a full range of commercial banking services, including business financing, commercial real estate loans, treasury management, and more. Since 2000, FirstBank has been recognized as a top corporate philanthropist, contributing more than $90 million and thousands of volunteer hours to charitable organizations. The company is also unique in that a large portion of its stock is owned by management and employees, giving employees a financial stake in the bank's success through its Employee Stock Ownership Program. For more information, visit Member FDIC. Media ContactChandra in to access your portfolio
