Technology

Eisen and Onbe: Modernizing Account Offboarding with Instant Digital Payouts

Published

11 months ago

June 4, 2024

The new partnership reduces the cost and burden of account offboarding for banks and financial institutions with faster digital disbursements featuring choice.

CHICAGO and PHILADELPHIA, June 4, 2024 /PRNewswire/ — Onbe, a leading corporate payouts platform, today announces its partnership with financial technology company, Eisen. In this partnership, Onbe’s platform will power the compliant digital solution that issues funds to consumers following account closures. Banks and financial institutions use Eisen’s suite of tools to monitor and manage inactive and dormant accounts, streamline the account offboarding process and reduce compliance risk. With the addition of Onbe’s payout solution to Eisen’s new Disbursement Hub, Eisen’s clients will be equipped to pay exiting account holders quickly and cost-effectively via instant digital disbursements.

55% of U.S. adults have closed an account, requiring a financial institution to disburse the balance to its rightful owner. Eisen provides integrated solutions for managing the end of the account lifecycle, ensuring compliance with consumer protection laws and regulatory timelines for account closures, consumer refunds and escheatment. By embedding Onbe’s digital disbursement solution to the Disbursement Hub, recipients are paid quickly and can choose how they prefer to receive their funds. Consumers will now have the option to receive their balance instantly via a virtual card and can choose to transfer funds to their checking account or a payment app.

“Ensuring the owners of closed accounts receive their funds quickly and accessibly is critical to staying compliant with consumer protection laws, and partnering with Onbe enables us to support that process with instant digital payouts,” said Allen Osgood, CEO of Eisen. “This strategic collaboration reduces risk and complexity for our clients while improving the payment experience for consumers.”

76% of consumers say payment choice is important when receiving a disbursement from a business, according to Onbe and NRG’s 2024 Payouts Landscape. With Onbe’s solution, Eisen has enhanced its disbursement offerings to meet the needs of diverse consumers—including 92% who prefer at least one digital or electronic payment method.

“Digital payout options that maximize convenience and meet recipients’ diverse preferences provide the best offboarding experience, while enabling flexibility for banks and financial institutions,” said Tracy Monson, Chief Growth Officer of Onbe. We are proud to partner with Eisen to enhance its Disbursement Hub with our digital payment options that simplify the payout process and offer the modern payment experiences that consumers demand.”

With an imperative to focus on escheatment and compliance practices, financial institutions benefit from solutions that mitigate risk and reduce unclaimed property at the end of the account lifecycle. Providing a more convenient payment experience with in-demand digital choices is an important step toward delivering closing balance payouts to account holders quickly and efficiently, making offboarding as stress-free as possible.

About Eisen
Eisen offers account offboarding solutions for financial institutions, streamlining compliance with the outreach, disbursement, and escheatment requirements of closing accounts. To learn more, visit www.witheisen.com and follow us on LinkedIn.

About Onbe
With more than 25 years of industry experience and offices in Chicago, Philadelphia and London, Onbe is a fintech that manages and modernizes customer and workforce disbursements for corporate clients ranging from mid-market to the Fortune 500. Onbe’s team of experts and technology platform offers clients a turnkey solution to offload their entire B2C payment operations, relieving them of the cost, complexity and risk that come with orchestrating these payments in-house. Backed by top-tier investors, Onbe delivers on today’s consumer expectations for instant, digital and seamless payments. To learn more, visit www.onbe.com and follow us on LinkedIn.

Contact
Joseph Netto, Sr. Director of Communications
Joseph.netto@onbe.com

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SOURCE Onbe

Technology

Ov Finance Enhances Fintech Platform with New Intelligent Investment and Lending Features

Published

4 hours ago

April 27, 2025

Ov Finance introduces expanded tools for smarter portfolio management, real-time analysis, and flexible digital lending to meet evolving market demands.

LOS ANGELES, April 27, 2025 /PRNewswire-PRWeb/ — Ov Finance has announced a major update to its financial technology platform, introducing a new suite of intelligent investment tools and digital lending features designed to support users in achieving smarter and more responsive financial decision-making. This upgrade reflects the company’s broader strategy of making modern finance more accessible, efficient, and tailored to the needs of a digital-native generation.

The enhanced platform includes advanced portfolio optimization features powered by machine learning, offering real-time insights and personalized recommendations based on market trends, individual risk tolerance, and investment goals. This upgrade enables users to make data-driven decisions and adjust their financial strategies with greater precision and flexibility.

“Modern investors are looking for tools that not only provide access to markets but also deliver insights and guidance tailored to their personal financial journey,” said a spokesperson for Ov Finance. “This update represents our commitment to offering a next-generation investment experience built on intelligent design and seamless functionality.”

In parallel, Ov Finance has also launched a fully integrated digital lending solution that enables users to access short- and medium-term financing with transparent terms and instant processing. The system is designed to remove traditional barriers such as paperwork delays and middlemen, streamlining the entire lending process into a user-first experience.

The new features also include an upgraded interface across web and mobile applications, making it easier for users to navigate, monitor performance, and take action. Key highlights include customizable dashboards, smart alerts for market movements, and automated rebalancing options to help users stay aligned with their financial targets.

Ov Finance’s platform expansion is guided by feedback from its growing global user base, as well as ongoing market analysis. The company aims to meet the needs of both individual users and institutional partners by providing a comprehensive suite of digital financial services that emphasize flexibility, security, and ease of use.

As part of its continuous improvement strategy, Ov Finance is investing in user education and financial literacy resources, including webinars, tutorials, and one-on-one advisory options. These efforts are designed to empower users with the knowledge needed to fully leverage the platform’s features and build long-term financial resilience.

With these enhancements, Ov Finance is reinforcing its role as a trusted partner for individuals and businesses seeking dynamic, user-focused financial solutions. The company plans to continue rolling out new features in the coming months, including automation tools for savings and personalized lending offers based on behavioral analytics.

As financial needs evolve, Ov Finance remains committed to helping users navigate complex economic environments with confidence, control, and clarity—through innovation, education, and a smarter approach to finance.

For more information, please visit Ov Finance.

Media Contact

Ethan Parker, Ov Finance, 1 317-979-6366, Service@ovfinance.com, https://www.ovfinance.com/

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SOURCE Ov Finance

Technology

AutoShop Answers and Rilla Launch Groundbreaking AI Initiative — Changing the Automotive Industry Forever

Published

7 hours ago

April 27, 2025

HOUSTON, April 27, 2025 /PRNewswire/ — AutoShop Answers, a leader in automotive service training and innovation, has officially partnered with Rilla, the premier AI-powered speech analytics company, to launch a groundbreaking initiative that is set to redefine the future of the auto repair industry.

This historic collaboration integrates Rilla’s advanced AI virtual ride-along and conversation analytics technology into the AutoShop Answers coaching platform, delivering a game-changing experience in customer engagement, service advisor training, and operational excellence.

Sebastian Jimenez, CEO of Rilla and NYU Stern graduate, brings a unique background — combining business acumen with a fresh approach to coaching drawn from his early stand-up comedy experience — to revolutionize how businesses train, coach, and grow. Rilla’s AI captures and analyzes real-time customer interactions, delivering actionable coaching insights hands-free.

Todd Hayes, founder of AutoShop Answers and a 30-year veteran of the auto repair industry, emphasized the significance of the launch:

“With Rilla’s AI, we’re not just training — we’re transforming. This technology allows us to coach sales calls, audit scripts, and elevate customer service like never before.”

The partnership officially debuted at AutoShop Answers’ sold-out Key to Key to Callbacks Weekend in Houston, Texas — a record-breaking, standing-room-only event filled with innovation, coaching breakthroughs, and more than 80 bursts of applause from an energized national audience.

The weekend began with a national online Strategy Saturday, hosted live by AutoShop Answers’ Glenn Piccolo. Todd Hayes then took the stage to share defining moments from his career, culminating in the official launch of AutoShop Answers AIX, powered by Rilla. Sebastian Jimenez joined the stage to introduce Rilla’s revolutionary capabilities to the automotive sector — ushering in a new high watermark for AI-powered live coaching and customer journey analysis.

The excitement continued with a special visit from Sunil Patel, CEO of Tekmetric, celebrating Tekmetric’s incredible milestone of reaching 10,000 auto shops nationwide. Congratulations were extended to both Tekmetric and ShopGenie, two of AutoShop Answers’ valued program sponsors.

The event also celebrated individual achievements, with Lynn Massengill receiving special recognition for surpassing both the $300,000 and $400,000 monthly revenue marks through AutoShop Answers coaching — truly a testament to the impact of training, innovation, and commitment.

Today, AutoShop Answers continues its momentum with the unveiling of the SPARR system, an AI-automated presentation platform that further advances their mission to empower service advisors and drive world-class customer service.

Next AutoShop Answers Key to Key to Callbacks Program: May 17–18!

Seats are already filling fast.

Learn more and register at: www.autoshopanswers.com

For more information, visit:
rilla.com
autoshopanswers.com

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SOURCE Autoshop Answers

Technology

Appotronics Debuts Full-Vehicle Optical System at Shanghai Auto Show

Published

7 hours ago

April 27, 2025

SHANGHAI, April 27, 2025 /PRNewswire/ — At Auto Shanghai 2025, Appotronics (688007.SH), the inventor of ALPD® laser display technology, unveiled its groundbreaking Lingjing Intelligent Automotive Optical System – a comprehensive solution enabling dynamic projections on any vehicle surface, both interior and exterior, including windshields, dashboards, seats, and windows. The system delivers high-luminance lighting and interactive displays, transforming vehicles into responsive ‘digital emotional spaces’ that adapt to occupants’ needs in real time.

The system spans seven key application scenarios, redefining in-vehicle functionality and user experience:

Artistic ambient lighting,Rear-seat entertainment with privacy-preserving large-screen projection,Dynamic pathway lighting that conveys mood and context,Boundary-free interactive displays on smart surfaces,Side window interfaces for human-vehicle interaction,ALL-in-ONE laser smart headlights combining illumination and display capabilities.

Yu Xin, Vice President of Appotronics, highlighted the company’s evolution in automotive innovation: “We’re moving beyond just supplying hardware to co-creating smart mobility experiences. By sharing our core technology platform, we’re collaborating with carmakers and developers to unlock new ways AI and optical tech can work together. Our goal is to turn cars from simple transport into ‘digital emotional spaces’—where every journey is tailored to its occupants, powered by AI and advanced laser tech.” This vision is already taking shape, with 13 active development orders underscoring Appotronics’ momentum in next-gen automotive optics.

Visitors can experience the technology firsthand at Hall 2.2H | Booth 2BA032 (National Exhibition and Convention Center, Shanghai) through May 2.

About Appotronics

Appotronics is the inventor of ALPD® laser display technology and one of the first companies to list on the Shanghai Stock Exchange STAR Market. From optics for cinemas, vehicles, and homes to AR glasses, Appotronics’ cutting-edge products are designed to meet the evolving needs of consumers and businesses worldwide.

Learn more at https://www.appotronics.com/

Media Contact
Ma Chunli
machunli@appotronics.com

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SOURCE Appotronics Corporation Ltd.