FIS | April 20, 2022
Financial technology leader FIS® (NYSE: FIS) announced today that the FIS Modern Banking Platform is now available on the Microsoft Azure cloud platform, expanding digital online banking to financial institutions in markets including the United Kingdom, Thailand and New Zealand. The offering combines the latest advancements in cloud security, monitoring, resiliency and operational analytics with a modern, cloud-native core.
The FIS Modern Banking Platform helps banks design, build and deploy new products and services. Through a platform that’s fully API-enabled, FIS’ real-time solution is cloud-native and provides financial institutions with advanced analytics. Modern Banking Platform uses artificial intelligence and component-based architecture and is built to be highly-configurable while providing next-level security for financial institutions and their customers.
Ninety-one percent of financial institutions use cloud services today or plan to soon according to the Cloud Security Alliance,1 a number that has doubled over the previous four years.
“We’re incredibly excited for financial institutions in more countries to experience the Modern Banking Platform that is cloud-native through Microsoft Azure,” said Andrew Beatty, Head of Enterprise Banking at FIS. “Teaming with Microsoft allows us to provide a secure, scalable and compliant SaaS solution in the cloud that helps financial institutions adapt to complex and changing regulations in multiple jurisdictions. Deployment via Azure also provides our clients with elasticity, meaning banks can quickly update their infrastructure to adjust to the volume of business. It’s a solution that allows us to offer the same high level of support and operations that we currently provide with the FIS private cloud.”
We’re pleased to partner with FIS to help more financial institutions modernize their payments and core banking to meet rising customer expectations and drive new value. Running on Microsoft Azure, FIS’ Modern Banking Platform delivers a flexible, data-driven solution to deepen customer relationships and roll out products more quickly, while managing risk effectively.”
Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft.
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index
CLOUD APP DEVELOPMENT
Otava | April 20, 2021
Partner Program Includes New Portal, Dedicated Support Resources, and Low Price Commitment to Make Selling and Managing Complex, Compliant, and Customizable Cloud Solutions Easy
April 20, 2021, Ann Arbor, Mich. — Otava, a global leader in secure and compliant hybrid cloud solutions, today announced significant enhancements to its Partner Program including a new partner portal featuring deal registration and management, 150 co-brandable enablement tools, dedicated marketing campaign assistance and trainers, plus a commitment that Otava will not let Partners lose on price for like deals. The new benefits complement Otava’s existing white label and wholesale program which allows partners to utilize their company name instead of Otava’s and control pricing margin and 1st call operational support. The advancements are designed to make it easy for service providers to deliver and manage compliant and customizable cloud, data protection, security, and colocation solutions to their customers.
“We white label Otava’s cloud solutions as our own which gives us the ability to maintain the full control we need to be successful with our clients,” said Greg Fielding, Director of Professional Services for MyITpros. “Otava’s partner flexibility, dedicated training, sales, and marketing support are invaluable as we continue to grow our business.”
As the Otava partner ecosystem continues to expand, new partners are onboarded to the program by a dedicated success advocate who will help create a customized success plan. Additionally, product training and orientation to Otava’s Partner Portal, a valuable repository for tools, training, and promotions is provided. Otava resources, including sales and solutions architects, serve as extensions of its partners’ teams to help drive success and make it easier to develop and close deals. The entire partner lifecycle is designed to create long-term service provider relationships that support the advancement of business objectives through the benefits of cloud services.
“We are proud to roll out the latest advancements to our program because our unique approach makes it significantly easier for our partners to be successful,” said Brad Cheedle, CEO, Otava. “Otava’s flexible options allow service providers to build, preserve, and control their client relationships, eliminating the risk of customers going direct to other vendors for service and support. Additionally, we pride ourselves in providing hands-on consultative engagement with our experts every step of the way to ensure success in selling, training, and supporting cloud solutions, areas where other providers are notoriously absent. Ultimately this means higher margins, faster growth and better client relationships for our partners.”
Key features of the program include:
Enhanced white-label and wholesale options: The entire Otava portfolio is available to partners to sell and service under their own corporate brands. Partners maintain and control full client relationships with zero-conflict.
Expert resources for consultation and live support: Dedicated sales professionals, solutions architects, marketing staff and training resources, act as an extension of partner organizations to provide support and ensure success.
Low price commitment: To accelerate partners’ client growth, Otava is eliminating price from the decision-making process by beating quotes on comparable solutions.
Partner portal for centralized access to sales and training materials: Serves as a single pane of glass for every partner need, including co-branded content to help partners learn, sell and educate prospects. Houses deal registration and protection, funding requests, enablement resources and private storage for critical documents.
Access to valuable partner ecosystem: Partners connect with a community that drives mutual growth through a variety of means ranging from referrals and affiliate programs to joint promotions and lead generation.
Leading cloud platform: Successful track record and 27-year history make Otava the market leader in compliant and fully customizable cloud solutions. Hybrid cloud, colocation, security, disaster recovery and backup solutions are available worldwide with guaranteed 100% uptime and flexible support and usage models. Partners benefit from Otava’s HIPAA, HITRUST, PCI-DSS, ISO 27001 and SOC 1,2 & 3 certifications that apply to cloud solutions and data centers.
Otava is consistently recognized in the industry as a leading cloud provider for the service provider community. Within the past year, the company has been recognized as a strong performer in the Forrester Wave™: Hosted Private Cloud Services, North America, Q2 2020 and named to the CRN MSP 500/Elite 150, CRN Solution Provider 500 and CRN Fast Growth 150 lists as well the Channel Futures MSP 501 ranking.
“Our partner-first approach coupled with the financial strength and longevity of our rock-solid parent company that has been family owned and operated since 1872, makes Otava like no other. We believe that Otava represents one of the soundest cloud investments a service provider could make,” concluded Cheedle.
Otava provides secure, compliant hybrid cloud solutions for service providers, channel partners and enterprise clients. By actively aggregating best-of-breed cloud companies and investing in people, tools, and processes, Otava’s global footprint continues to expand. The company provides its customers with a clear path to transformation through its highly effective solutions and broad portfolio of hybrid cloud, data protection, disaster recovery, security and colocation services, all championed by its exceptional support team.
Otava Media Contact:
CLOUD APP DEVELOPMENT
Equifax Inc. | February 01, 2022
Equifax® announced that it has signed a definitive agreement to acquire Efficient Hire, a provider of cloud recruiting, onboarding and HR management solutions. This acquisition will enable Equifax Workforce Solutions to bring employers more of the services and insights they need to help them manage amidst a rapidly changing hiring and employment landscape.
"The Efficient Hire acquisition demonstrates our commitment to reinvesting our 2021 outperformance in bolt-on acquisitions that further position Equifax for diversified growth. Efficient Hire will enhance our robust suite of employer services, and bolster our largest and fastest-growing business: Workforce Solutions. As the only cloud-native company of our kind, we will leverage the Equifax Cloud™ to rapidly integrate Efficient Hire's solutions into the Equifax portfolio, helping us to drive innovation and provide customers with unique access to more capabilities, product suites and services."
Mark W. Begor, CEO of Equifax
Efficient Hire offers a portfolio of solutions that is specially tailored to meet the needs of hourly employers, with an emphasis on helping firms in the restaurant, staffing, building services, senior care and hospitality industries quickly and efficiently scale their workforces. Its offerings include HR management solutions for areas such as I-9/E-Verify, the Work Opportunity Tax Credit (WOTC) and the Affordable Care Act (ACA).
"Now more than ever, employers are in a battle for talent," said Joe Muchnick, Senior Vice President of Employer Services and Talent Solutions for Equifax Workforce Solutions. "The addition of Efficient Hire further demonstrates our commitment to helping employers attract and retain the talent they need to help grow their businesses."
Based in Denver, Efficient Hire serves customers nationwide. Its leaders and employees will join the Equifax Workforce Solutions business once the transaction has closed.
"Over the past 13 years, Efficient Hire has helped hourly employers hire more than 6.6 million new employees, and provided the tools to help them create a consistent and more efficient hiring process," said David Kenney, Founder and CEO of Efficient Hire. "Our team is invigorated by the opportunities that lie ahead, as we leverage Equifax's renowned capabilities in analytics and technology for the benefit of our customers."
The transaction is subject to customary closing conditions and is expected to close in February 2022. The acquisition is not anticipated to have a material impact on Equifax's 2022 financial results.
ABOUT EQUIFAX INC.
At Equifax we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 13,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region.
CLOUD APP DEVELOPMENT
Lendio | February 24, 2022
Lendio, the nation’s leading small business financial solutions marketplace, announced the beta launch of its new lender-tech platform and loan origination software (LOS). This cloud-based platform will be the first to truly empower financial institutions with greater efficiency, speed and reduced risk while delivering a customer-centric and seamless experience for borrowers.
The LOS was developed to address specific pain points in business lending and allow Financial Institutions (FIs) to issue business loans at scale. The Lendio platform provides complete end-to-end LOS automated underwriting and eliminates the need for expensive manual loan processing, reducing costs and allowing FIs to expand the base of creditworthy customers.
“During the past two years and through PPP, we saw the challenges, inefficiencies, and inequities in business lending and the marketplace need for banks, lenders, and community development financial institutions (CDFIs) to have better lending solutions and technology to serve business customers, especially small businesses,”
Lendio CEO Brock Blake
The technology’s beta launch is being coordinated with two of Lendio’s key partners from the Lendio Marketplace ecosystem of financial institutions. Each will have early access and provide feedback on features, workflows, roadmaps, and the customer experience.
Long-term, the lender-tech platform and LOS will become the foundation for a customer-centric product for banks, alternative lenders, and CDFIs seeking efficient and affordable underwriting solutions.
"We are overjoyed to enter the hands-on testing phase of our lender-tech platform after all of the work and dedication put into developing it," says Lendio Lender Tech & Services GM and Head of Corporate Strategy, Denada Ramnishta. "Working in collaboration with our FI partners and leveraging their input and insights will be key to fulfilling Lendio’s mission of making business lending efficient, seamless, and accessible to all business owners. We’re excited to rethink what’s possible for business lending."
Lendio anticipates an official launch of its lender-tech platform later in 2022.
Lendio is the nation’s leading online lending marketplace with a mission to make capital accessible to all small business owners in the U.S. Since its inception in 2011, Lendio has facilitated more than 300,000 small business loans and other financing options totaling over $12 billion. Lendio was named a Best Small Business Loan Of 2022 by Forbes Advisor, and has ranked on Fortune’s Best Workplaces in Financial Services & Insurance and Inc.’s Best Workplaces for three years running. In 2021, Lendio Gives, the company’s charitable giving program, exceeded $1 million in microloans to low-income entrepreneurs around the world.