FINANCE

SecurePay From OLB Group to Provide ACH Transaction Features for Businesses

The OLB Group, Inc | November 05, 2020

The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced its SecurePay payment gateway now offers secure transfer of funds within hours with support for ACH (Automated Clearing House) services. Through this feature, businesses can leverage SecurePay to facilitate faster payments, minimize labor costs, mitigate human error, and streamline operations.

Spotlight

Entrepreneurs are always on the go, looking for the next startup challenge. And while they lead very intensely rewarding lives, time is always short and relationships are often long-distance and stressed because of extended periods apart. Coping with these, and other, obstacles are critical if an entrepreneur and their partner intend on staying together  and staying happy.Nobody understands this situation better than Boulder, Colorado based entrepreneur turned venture capitalist Brad Feld. And now, with Startup Life the second audiobook in the Startup Revolution series  Feld and his wife, Amy Batchelor, share their personal experiences with you, and reveal what it takes to survive and thrive in an entrepreneurial relationship.


Other News
FINANCE

Mississippi-Based Community Bank Selects Fintech to Effectively Serve Small Businesses

Teslar Software | June 16, 2022

First Security Bank and Teslar Software announced their partnership to expedite and streamline processes across the bank’s loan department. The Batesville, Miss.-based bank plans to leverage Teslar’s configurable lending process automation platform, starting with the exceptions management module“From the beginning, we were impressed with Teslar’s robust products and how user friendly their technology is,” said Justin Hill, president of First Security Bank. “Efficiency is a top priority for us, and with Teslar, we are reimagining our lending operations. By automating our loan processes, employees will no longer have to navigate cumbersome, manual tasks. The time savings will result in faster loan turnaround times to our customers, improving their overall experience.” Small business lending accounts are a significant portion of First Security Bank’s loan portfolio, and Teslar’s platform will allow the bank to better serve these businesses by providing exception tracking, centralized data and transparency into customers’ portfolios. “Efficiency goes hand in hand with a bank’s success; the more productive an institution becomes, the more time they have to focus on strategic, growth-oriented initiatives, First Security Bank is empowering their lenders with the powerful tools and centralized data needed to effectively support the Mississippi communities that rely on them, and we are proud to be a part of their solution.” -Joe Ehrhardt, CEO and founder of Teslar Software. About Teslar Software Teslar Software, founded in 2008, is a configurable lending process automation platform for community financial institutions. Teslar transforms commercial lending by providing easy access to centralized, relevant information to balance portfolios, optimize profits and help community bankers effectively serve their customers. Named Best Solution for Lending by the 2021 FinXTech Awards, Teslar Software continues to earn their reputation as a top technology provider for community institutions. Please visit www.teslarsoftware.com to learn more.

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FINANCE

Voya announces recipients of new Black-owned small business grants

Voya Financial | February 25, 2022

Voya Financial, Inc., announced today, the launch of a new grant program to aid small businesses owned by individuals from underrepresented communities. The five recipients, all Black-owned, technology-based businesses, will each be awarded $10,000 to help them grow and thrive. “This inaugural grant program reflects our mission to make a secure financial future possible for everyone. Several of these startups are women-owned, all are Black-owned, and each one demonstrates a commitment not just to success, but to a shared value with Voya giving back to the community,” said Braeden Mayrisch, associate vice president, Stakeholder Equity and Impact, and vice president, Voya Foundation. “We invest in Black and African American leaders, be they teachers, STEM professionals, or small businesses and nonprofit executives, and showcase aspirational careers to our nation’s children.” The grants are a program developed by the company’s Diversity, Equity and Inclusion (DEI) Task Force, undertaken in collaboration with the Association for Enterprise Opportunity (AEO), focused on supporting Black- and African American-owned businesses and positioning Black entrepreneurs as role models for youth. “AEO and our 2,600 members and partners are excited to support this vital work helping underserved entrepreneurs contribute to the economic growth of their families and communities. It is even more impactful that these grants are targeting an underrepresented field like technology.” Connie E. Evans, president and CEO of AEO The five grant recipients each of which offer technology-based products and solutions for different industries and are at various stages in their corporate development are: Imani Software, a technology service based in Pflugerville, Texas, that provides education administrators with early warning and intervention assistance for at-risk youth. LiftEd, located in Brooklyn, New York, this education technology service uses data and software tools to support special-education instructors, simplify success monitoring, and enhance lesson plans. Nailstry, an augmented reality beauty application based in Davie, Florida. Shared Knowledge, an education technology service that designs free smartphone apps to help with data analysis, training, and mental health in school systems, based in Sterling, Virginia. Total Analysis, is a Detroit-based technology company that uses a platform to streamline pathogen identification in the healthcare space. About Voya Financial® Voya Financial, Inc., is a leading health, wealth and investment company that provides products, solutions and technologies that help Americans become well planned, well invested and well protected. Serving the needs of 14.3 million individual, workplace and institutional clients, Voya is a Fortune 500 company that had $4.2 billion in revenue in 2021 and $739 billion in total assets under management and administration as of Dec. 31, 2021. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is purpose-driven and is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies® by the Ethisphere Institute; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. About Association for Enterprise Opportunity (AEO) AEO is the leading voice of innovation for microbusiness and microfinance. We create economic opportunity for underserved entrepreneurs throughout the United States. We engineer transformational change through Research, Incubation, Convening & Advocacy to foster a robust and inclusive marketplace.

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BUSINESS STRATEGY

IRI and HRB Brands Partner to Drive Category Growth providing support for support for small- to midsize brands

IRI | December 16, 2021

IRI®, a fast-growing, global leader in innovative solutions and services for consumer, retail and media companies, today announced HRB Brands LLC (HRB) is utilizing IRI’s deep category segmentation and demographic profiles to guide its path forward for both its legacy brands and newly acquired personal care brands purchased from Helen of Troy in June 2021. “Our success leans heavily on the insights and tools IRI provides. We are the David among the giants in our categories. IRI helps us compete day in and day out within established segments and channels as well as in new ‘whitespace’ opportunities we’ve discovered,” said Jim Daniels, chief executive officer for HRB Brands. “HRB Brands is on a significant growth trajectory with our retailers. Consumer and economic trends are in our favor, and with IRI’s help we expect to reach our goals faster than was possible before.” Through the partnership, HRB Brands has utilized IRI’s Unify® visualization platform, which brings together multiple, disparate data sources to identify emerging market trends and opportunities. Unify offers a single access point to all IRI Liquid Data® solutions, which aggregate and visualize point-of-sale and de-identified consumer panel data to provide a holistic view of consumer trends and purchase behavior in real time. “IRI’s shopper insights solutions have enabled HRB Brands and other mid-market retailers and manufacturers to develop a deeper understanding of their consumers. By gaining new insights into demographics, segmentation and purchase behaviors, IRI has helped HRB Brands successfully identify opportunities to drive innovation to best connect its portfolio of brands with the varying needs of consumers.” Robert Porod, executive vice president of Mid-Market National for IRI About High Ridge Brands LLC HRB Brands is one of the largest independent branded personal care companies in North America. HRB Brands holds leading market positions in the hair care and skin cleansing categories with iconic brands including ZEST®, VO5®, COAST®, Rave® SGX NYC®, THICKER FULLER HAIR®, Zero Frizz® and LA LOOKS®. HRB Brands is a portfolio company of Tengram Capital Partners. About IRI IRI is a fast-growing, leading provider of big data, predictive analytics and forward-looking insights that help CPG, OTC health care organizations, retailers, and financial services and media companies grow their businesses. With the largest repository of purchase, media, social, causal and loyalty data, all integrated into an on-demand, cloud-based technology platform, IRI is empowering the personalization revolution, helping to guide its more than 5,000 clients around the world in their quests to remain relentlessly relevant, capture market share, connect with consumers, collaborate with key constituents and deliver market-leading growth. About IRI’s Mid-Market Growth Practice The Mid-Market Growth Practice of IRI provides high-tech and high-touch support for small- to midsize manufacturers. Regardless of company size, IRI has a data solution that drives understanding and growth. Companies benefit from access to all the same tested and proven solutions offered to IRI global partners, enabling companies of all sizes to democratize data, streamline analytics and, ultimately, win in the marketplace.

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TECHNOLOGY

SparkCognition's Award-Winning Cybersecurity Solution Providing Zero-Day Protection Now Available in Lenovo's Small Business Store

SparkCognition | February 02, 2022

SparkCognition, a global leader in artificial intelligence (AI) software solutions for business, announced its award-winning AI endpoint protection product (EPP) solution, DeepArmor, is now available in the LenovoPRO Small Business Store. "We are proud to work with Lenovo to bring our AI-enabled cyber solution to a broader range of small business users, helping them to detect and prevent even the most sophisticated zero-day cyber threats," said Vijay Doradla, President at SparkCognition. "The Deep Armor technology, based on advanced machine learning models, can help prevent never before seen cyberattacks, even while working offline, requiring less than four megabytes of space for deployment." A new cyberattack occurs every 39 seconds, putting businesses at risk of being compromised, shut down, and ransomed. SparkCognition developed DeepArmor as the first line of defense to prevent cyber threats at the edge. Built on proven AI and machine learning (ML) models, rather than rules, heuristics, and specific signatures, DeepArmor helps to prevent malware from accessing sensitive data, taking operational control, and compromising asset integrity, blocking known and new ransomware, trojans, and viruses. Its endpoint protection works both online and off, and installs and activates within minutes, without needing IT support or security skills. "Two in five small to mid-sized businesses were impacted by ransomware in 2020, with 43% lacking any type of cybersecurity defense. Extending our AI expertise and trusted and tested cyber solutions to Lenovo's small business customers is just one way we're able to work together to serve businesses in further protecting their endpoints." Marc Davis, Senior Director of Business Development at SparkCognition Lenovo is a leading OEM in cybersecurity that takes a secure-by-design approach to embed security features throughout the entire lifecycle across device components, ranging from hardware and below-the-operating-system, all the way to the cloud layers. By working with software providers like SparkCognition, Lenovo is able to offer its customers more solutions to further protect their data privacy, intellectual property, strategic investments, and customers. About SparkCognition SparkCognition's award-winning AI solutions allow organizations to predict future outcomes, optimize processes, and prevent cyberattacks. We partner with the world's industry leaders to analyze, optimize, and learn from data, augment human intelligence, drive profitable growth, and achieve operational excellence. Our patented AI, machine learning, and natural language technologies lead the industry in innovation and accelerate digital transformation. Our solutions allow organizations to solve critical challenges—prevent unexpected downtime, maximize asset performance, optimize prices, and ensure worker safety while avoiding zero-day cyberattacks on essential IT and OT infrastructure.

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Spotlight

Entrepreneurs are always on the go, looking for the next startup challenge. And while they lead very intensely rewarding lives, time is always short and relationships are often long-distance and stressed because of extended periods apart. Coping with these, and other, obstacles are critical if an entrepreneur and their partner intend on staying together  and staying happy.Nobody understands this situation better than Boulder, Colorado based entrepreneur turned venture capitalist Brad Feld. And now, with Startup Life the second audiobook in the Startup Revolution series  Feld and his wife, Amy Batchelor, share their personal experiences with you, and reveal what it takes to survive and thrive in an entrepreneurial relationship.

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