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SouthTrust Bank Partners with Jack Henry to Revolutionize Technology Infrastructure
Jack Henry has partnered with SouthTrust Bank to modernize its technology infrastructure and enhance operational efficiency, supporting the bank’s growth objectives. Founded in 1934 in George West, Texas, SouthTrust Bank manages approximately $550 million in assets and operates eight locations. The collaboration will automate processes, streamline workflows, and improve fintech integration through Jack Henry’s core processing system and Digital Platform, offering services like Zelle® and Apple Pay. CEO Steve Jackson highlighted the partnership’s importance for meeting evolving customer needs. The bank aims to reach $2 billion in assets in the next decade, focusing on expansion and innovation in community banking.
OakNorth Boosts US Expansion Strategy with Strategic Acquisition of Community Unity Bank
OakNorth, a digital commercial bank focused on entrepreneurs, has announced its acquisition of Community Unity Bank (CUB) in Michigan, pending regulatory approval. This stock-for-stock transaction aims to expand OakNorth’s business lending operations in the U.S., particularly following their recent authorization to establish a Representative Office in New York. Founded in 2015, OakNorth specializes in providing financial solutions to lower mid-market businesses, having facilitated around $16 billion in loans and creating over 56,000 jobs. CUB, established in 2023, targets small business banking in Southeast Michigan. Post-acquisition, CUB’s CEO, Greg Wernette, will lead OakNorth’s U.S. operations.
Ki Insurance and QBE Join Forces to Enhance Digital Solutions for Brokers
Ki Insurance has partnered with QBE Insurance to enhance broker insurance solutions through a digital platform that simplifies access to follow-form insurance capacity. This collaboration allows brokers to efficiently access coverage from multiple providers, expediting the binding process and improving market efficiency. Starting in February, brokers will benefit from QBE’s capacity across eleven business classes, including Cyber and D&O. Mark Allan, Ki’s CEO, and Jason Harris, QBE’s CEO, emphasized the partnership’s potential to advance digital trading in the insurance sector, providing faster, high-quality coverage options for brokers and insureds.
BigCommerce Teams Up with Klarna for Global Flexible Payment Solutions
BigCommerce, a Texas-based e-commerce solutions provider, has partnered with Klarna, a Swedish AI-driven payments network, to enhance payment options for its global merchants. This collaboration will introduce interest-free payment solutions, including flexible options like “Pay in 4,” optimizing customer experiences and improving retention. BigCommerce, which supports various businesses worldwide, aims to drive growth through seamless integrations. Klarna’s solutions will also include features like real-time credit decisioning and fraud detection, ensuring security. The partnership reflects BigCommerce’s commitment to merchant success by expanding access to innovative payment methods and boosting conversion rates in international markets.
Salv Pioneers FinTech Innovation, Clinching Prestigious Chartis Research Award
Salv has made significant strides in the fight against financial crime, recently winning the Intelligence Sharing Award from Chartis Research as part of the 2025 FCC 50 rankings. This recognition underscores Salv’s innovative contributions, particularly through its platform, Salv Bridge, which facilitates real-time intelligence sharing among over 70 financial institutions in Europe. Salv Bridge enhances fraud detection and prevention by enabling collaboration, proactive tracking of stolen funds, and focusing on critical cases, boasting a 90% true positive alert rate. CEO Taavi Tamkivi highlights a growing industry commitment to collaboration, signaling a shift towards more effective financial crime prevention strategies.
Sunbound Secures Strategic Investment from Omega Healthcare Investors, Revolutionizing Senior Care FinTech
Sunbound, a FinTech company specializing in financial solutions for senior living operators, has partnered with Omega Healthcare Investors, a real estate investment trust focused on skilled nursing and assisted living. Omega has acquired an equity stake in Sunbound, enabling its network of operator partners to access exclusive financial services, competitive pricing, and improved billing processes. Sunbound’s technology aims to enhance operational efficiency and optimize cash flow in senior care facilities. Both companies expressed excitement about the collaboration, highlighting its potential to elevate resident satisfaction and operational performance in the senior living industry.