Move will enable financial institutions that lend to smaller businesses to access the same loan servicing technology used by the world’s leading banks

BEIJING, Oct. 22, 2024 /PRNewswire/ — Finastra today announced its Loan IQ Simplified Servicing solution at Sibos 2024. The solution takes the rich functionality available in Finastra’s Loan IQ and combines it with a streamlined user interface that’s optimized for servicing high volume bilateral and SME loan portfolios. As a result, Finastra is bringing together the functionality that financial institutions need to service their entire loan portfolios in one integrated system.

Financial institutions adopting Simplified Servicing will benefit from unified portfolio management with a single, efficient modern lending platform that simplifies the user experience and improves the speed and transparency of loan servicing to customers of all sizes. By automating previously manual and disjointed lending processes, the solution delivers crucial efficiencies, resulting in improved data accuracy and shorter lead times. This integrated lending journey functionality breaks down silos and reduces operational risk.

“Historically the loan market has been slow to innovate, making the loan servicing function reliant on manual processes that are inefficient and error-prone – particularly when it comes to servicing high volumes of smaller loans,” said Veena Rao, Head of Corporate Lending at Finastra. “The Simplified Servicing solution provides a way to service SME loans within Loan IQ, opening more routes to finance for small and medium-sized businesses. The move reflects our commitment to Open Finance and helping smaller businesses access the banking services they need to prosper.”

“Corporate and commercial lenders often face challenges in managing their loan portfolios due to siloed operations, a lack of digitization, outdated and fragmented technology, with isolated systems supporting different product types and offering little integration. This can lead to operational inefficiencies, risk exposure, difficulties in attracting and retaining the best staff and the prospect of losing customers to competitors,” explained Patricia Hines, Head of Corporate Banking at Celent. “The ideal lending platform creates an integrated end-to-end customer journey, with seamless integration from origination to servicing.”

To learn more about Simplified Servicing, visit Finastra at Sibos 2024 on stand G30.

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

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Organizations are encouraged to download and share the free toolkit, including social media posts and digital collateral, to advocate for safer school transportation

MESA, Ariz., Oct. 21, 2024 /PRNewswire/ — Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, has launched the ‘Zero in on School Bus Safety Toolkit’ to champion National School Bus Safety Week (October 21-25) and encourage others to embrace the importance of using safe driving behavior around school buses.

Passing a stopped school bus with its stop-arm extended is against the law, yet thousands of Americans do this on a daily basis. The National Association of State Directors of Pupil Transportation Services (NASDPTS) annual survey showed 45.2 million drivers received a violation for illegally passing school buses last school year – up from 43.5 million during the prior school year. The National Highway Traffic Safety Administration relates this to the most devastating consequence, stating an average of 108 fatalities occurred each year via school transportation-related crashes from 2013-2022.

To encourage communities and organizations to raise awareness around this issue, Verra Mobility created ‘Zero in on School Bus Safety Toolkit’ with resources including social media posts, statistics, and digital collateral to raise awareness and create safer school bus transportation. To download the free materials and share this important safety message, visit www.verramobility.com/national-school-bus-safety-week-toolkit.

“Every day, millions of students rely on school buses for safe transport to and from school,” said Belinda Olivares, general manager of the school bus stop arm division at Verra Mobility. “The illegal passing of stopped school buses threatens our students’ safety. That’s why Verra Mobility is partnering with school districts to install school bus safety arm technology to protect students as they board and exit the bus. These programs are proven to alter driver behavior, but we must do more. The goal of the toolkit is to give school districts and organizations across the nation a way to deliver the safety message in one easy step.”

Verra Mobility’s school bus stop arm program works when the bus’s stop arm is deployed, and a camera automatically detects vehicles that pass the stopped bus within the enforced zone. The camera records video of the vehicle and captures event images including its license plate and the extended stop-arm. 

Verra Mobility’s program has shown that 98 percent of drivers who are issued a violation for illegally passing a stopped school bus do not repeat their behavior, with some programs experiencing up to a 70 percent reduction in issued citations when comparing the beginning of the school year to the end. Violations act to raise awareness and change driver behavior.

“School buses carry very precious cargo…our students. While protecting their safety is a daily priority, this week allows us to spotlight the importance of safe school bus transportation and reduce the risks to children,” said Olivares. “Verra Mobility has equipped thousands of school buses, transporting tens-of-thousands of students, with safety camera technology to better protect children on their commute to and from school.”

To learn more about the school bus stop arm safety program, visit www.verramobility.com/government/school-bus-safety/.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.

Forward Looking Statements

We describe initiatives that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near-and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.

We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company’s press releases, SEC filings and public conference calls and webcasts.

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SOURCE Verra Mobility

LOS ANGELES, Oct. 21, 2024 /PRNewswire/ — /BLI AI/ – FreeDNCList is Operated under BLI AI

In a significant move to support compliance efforts among US businesses, FreeDNCList.com has announced that it will now offer free Do Not Call (DNC) list scrubbing services once per day. This initiative aims to assist businesses in adhering to federal regulations while minimizing operational costs associated with telemarketing activities.

Understanding DNC Compliance

The National Do Not Call Registry, managed by the Federal Trade Commission (FTC), allows consumers to opt-out of unsolicited telemarketing calls. Businesses engaging in telemarketing must regularly update their call lists to exclude numbers registered on the DNC list. Failure to comply can result in hefty fines, legal action, and damage to a company’s reputation.

The New Offering from FreeDNCList.com

FreeDNCList.com, a leader in compliance solutions, recognizes the challenges businesses face in maintaining up-to-date call lists. By offering free DNC list scrubbing once per day, the company provides an accessible solution for businesses of all sizes. This service enables organizations to:

Upload Call Lists: Businesses can upload their existing call lists to the platform securely.Automated Scrubbing: The system automatically compares the uploaded numbers against the latest DNC registry.Download Compliant Lists: After processing, businesses receive a cleaned list, ensuring compliance with federal regulations.

Benefits for US Businesses

Cost Savings

Traditional DNC scrubbing services often come with subscription fees or per-use charges, which can add up, especially for small and medium-sized enterprises. FreeDNCList.com‘s free daily service eliminates these costs, allowing businesses to allocate resources to other critical areas.

Regulatory Compliance

By regularly scrubbing call lists, businesses reduce the risk of violating the Telephone Consumer Protection Act (TCPA). Compliance not only avoids financial penalties but also builds consumer trust and enhances brand reputation.

Ease of Use

The platform is designed with user-friendliness in mind. Even those with limited technical expertise can navigate the system, upload lists, and download compliant data with ease.

Data Security

Understanding the sensitivity of customer data, FreeDNCList.com employs robust security measures. All uploaded information is encrypted, and the company adheres to strict data protection protocols to prevent unauthorized access.

How to Get Started

Businesses interested in leveraging this free service can follow these simple steps:

Visit FreeDNCList.com: Access the platform through a web browser.Create an Account: Sign up by providing necessary business credentials.Upload Your Call List: Securely upload your existing call list in the supported format.Initiate Scrubbing: Start the automated scrubbing process with a single click.Download the Cleaned List: Once processing is complete, download your updated, compliant call list.

Commitment to Compliance and Excellence

FreeDNCList.com‘s initiative reflects a broader commitment to supporting ethical business practices. By removing financial barriers to compliance tools, the company empowers businesses to operate within legal frameworks and respect consumer preferences.

Additional Resources and Support

Beyond the free daily scrubbing service, FreeDNCList.com offers a range of resources:

Educational Materials: Guides and tutorials on telemarketing laws and best practices.Customer Support: A dedicated support team is available to assist with any questions or technical issues.Premium Services: For businesses requiring more frequent scrubbing or additional features, premium plans are available at competitive rates.

The Impact on the Telemarketing Industry

This offering is poised to have a substantial impact on the telemarketing industry:

Increased Compliance Rates: Easier access to compliance tools may lead to higher adherence to DNC regulations across the industry.Leveling the Playing Field: Small businesses can now compete more effectively without the burden of additional compliance costs.Consumer Satisfaction: Reduced instances of unsolicited calls contribute to improved public perception of telemarketing practices.

Testimonials from Early Adopters

“FreeDNCList.com‘s service has been a game-changer for our small business. We can now ensure compliance without stretching our budget.”
— Sarah Thompson, Owner of Thompson Marketing Solutions

“The platform is incredibly user-friendly. The free daily scrubbing keeps us up-to-date with minimal effort.”
— Michael Lee, Compliance Officer at Sunrise Communications

Looking Ahead

FreeDNCList.com‘s introduction of free DNC list scrubbing is a forward-thinking move that could set new industry standards. As regulatory environments evolve and consumer privacy becomes increasingly prioritized, accessible compliance tools will be essential for businesses.

The company has hinted at future enhancements, including:

Real-Time Scrubbing: Potential development of tools that provide instant compliance checks.Integration Capabilities: APIs that allow seamless integration with existing customer relationship management (CRM) systems.Expanded Support: Multilingual support and resources to cater to a diverse business audience.

Conclusion

FreeDNCList.com‘s free DNC list scrubbing service represents a significant advancement for US businesses engaged in telemarketing. By simplifying the compliance process and eliminating associated costs, the company supports ethical business operations and consumer rights. Businesses are encouraged to take advantage of this offering to enhance their compliance efforts and contribute to a more respectful telemarketing environment.

Media/Business Contact Information:

PR Director:
Mark

Contact Number:

+1 626-677-6013

Company Website:

https://bli.ai

Company email:

mark@bli.ai

Feel free to reach out if you are interested in writing a dedicated piece about BLI AI!

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SOURCE BLI AI