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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.
Mitiga Raises $30M in Series B Funding to Accelerate Cloud Security Expansion in US and Europe
Mitiga has raised $30 million in a Series B funding round led by SYN Ventures, with participation from existing investors like ClearSky and Atlantic Bridge. This funding will support Mitiga’s expansion in North America and Europe, enhance its AI-driven threat detection platform, and strengthen marketing strategies. The company specializes in cybersecurity for cloud and SaaS environments, providing tools for rapid threat detection and effective incident response. Alongside the funding, John Watters was appointed Executive Chairman, and Robert Rodriguez joined as a Board Director, both bringing extensive cybersecurity experience. Mitiga aims to address rising threats in the cloud and SaaS landscape.
Top Challenges in ESG Reporting: Navigating the Complex Landscape of Environmental, Social, and Governance Disclosures
As ESG regulations grow in importance, businesses must enhance their reporting processes to remain compliant and competitive. Challenges in ESG reporting include data collection, internal engagement, and technical complexities. A KPMG report shows nearly half of major firms still use outdated spreadsheets, despite believing they are ahead of competitors. To improve, organizations should prioritize cross-department collaboration and robust management support. Utilizing advanced technology can streamline data collection and improve reporting accuracy. The demand for ESG reporting software is surging, with the market projected to grow significantly by 2029, driven by innovative solutions from companies like Thomson Reuters and KPMG.
Revolutionizing Global Transactions: Checkbook Unveils Real-Time International Payments with Visa Direct
Checkbook, an all-in-one payments platform, has expanded its Global Push-to-Card feature using Visa’s technology, enhancing real-time payment solutions for businesses worldwide. This upgrade facilitates efficient cross-border transactions, catering to freelancers and gig workers who can now access their earnings instantly. Key benefits include improved cash flow management and faster settlements for industries like insurance. Currently operational in multiple countries, Checkbook plans further expansion in 2025. Early adopter TipHaus highlights the feature’s impact on immediate payouts in the service sector. Checkbook’s CEO PJ Gupta and Visa’s Yanilsa Gonzalez-Ore emphasize the growing demand for fast, secure international payment solutions.
Insurity and InsCipher Join Forces to Simplify Surplus Lines Tax Compliance
Insurity, a cloud-based software provider for the insurance sector, has partnered with InsCipher to improve tax compliance and operational efficiency for insurers. This collaboration aims to automate surplus lines tax filing, ensuring compliance with state regulations and enhancing reporting accuracy. The integration will connect Insurity’s policy administration systems with InsCipher’s automated tax processing software, reducing manual workloads and minimizing errors. Both companies aim to streamline the historically complex surplus lines tax management process, ultimately benefiting insurers by saving time and lowering transaction costs. This partnership reflects Insurity’s commitment to delivering innovative solutions for its clients.