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LoanPro Bolsters Executive Team with Former Bank President to Lead Credit Sponsorship

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Jer Wood, former President of Hatch Bank, has joined the LoanPro executive team as the President of Credit Sponsorship, using his background in bank sponsorship to help reimagine how sponsor banks, fintechs, and credit platforms can work together.

SALT LAKE CITY, Feb. 13, 2024 /PRNewswire/ — LoanPro, the API-first, modern lending and credit platform, announced today that Jer Wood has joined their executive team as the President of Credit Sponsorship, launching an initiative to reinvent direct credit sponsorship partnerships for banks and their fintech partners.

Jer Wood will help transform bank-fintech partnerships with LoanPro’s credit sponsorship platform.

Jer brings twenty years of experience in banking, most recently as the President of Hatch Bank for six years, where he directed the transformation of the bank to a digital-first fintech sponsor bank. Jer has also held foundational leadership positions with several other sponsor banks, including Celtic Bank, Axos Bank, and others. In addition to fintech sponsorship, Jer has deep experience in the banking industry, including portfolio management, pricing, compliance, and wide-scale digital banking and digital transformation projects.

In 2024, sponsor banks are reevaluating the way in which they partner with fintechs. Early “connector” offerings promised a win-win for sponsor banks, fintechs, and end customers, but concerns have skyrocketed over compliance and visibility of data for sponsor banks. In 2023, there was a 139% increase in sponsor banks receiving formal enforcement actions. Furthermore, both the FDIC and CFPB have suggested increased focus on compliance for bank-fintech partnerships.

Over the past several months, industry experts such as Simon Taylor, Ron Shevlin, Jason Mikula, and others have emphasized a need to reinvent the sponsor bank and banking as a service model. We believe the future involves a much closer relationship and alignment between sponsor banks and fintechs. That way, sponsor banks can more closely monitor and ensure compliance. However, sponsor banks need to provide fintechs with a technology platform that also enables their fintech partners to be nimble and drive innovation. Jer has joined LoanPro to provide sponsor banks with this technology platform to balance compliance with innovation for credit programs that they launch with fintech partners.

LoanPro’s Co-Founder and CEO, Rhett Roberts, explained further how LoanPro provides the platform for sponsor banks and fintechs to succeed. “As we look at the financial industry, margins are decreasing substantially as the cost of capital continues to rise. This drives a stronger need for financial institutions to grow their non-interest income and many banks have entered the sponsor banking or banking as a service industry to do so. We’re confident that LoanPro’s modern credit platform provides both sponsor banks and fintechs with the platform to drive innovation while still maintaining full data visibility, compliance oversight, enterprise risk management, and more.”

“LoanPro’s credit sponsorship platform is focused on driving value for both sponsor banks and fintech partners,” Jer Wood stated. “For sponsor banks, the concerns with existing connector models are always the same: visibility, control, and compliance oversight. LoanPro’s platform addresses those concerns for sponsor banks while simultaneously providing fintech partners a bullet-proof, fully-customizable platform for servicing, collections, and payments of virtually any class of loans, lines of credit, and credit cards. And the real winners are the end customers, who are delighted with the user experience.”

For more information, visit Loanpro.io.

About LoanPro

LoanPro is the market-leading modern lending and credit platform enabling lenders to innovate quicker, driving account growth while optimizing operational efficiency. Today, 600+ lenders use LoanPro to holistically upgrade their borrower, agent, and back-office experiences. LoanPro’s mission of providing the platform to innovate the future of finance currently is enabled through its composable architecture, allowing lenders to enhance their origination, servicing, payments, collections, all built on the foundation of a modern lending core.

Media Contact: Spencer McWilliams, spencer.mcwilliams@loanpro.io, (918) 809-2208 

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SOURCE LoanPro

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Pathlock Receives SAP® LAC Partner Excellence Award 2024 for Solution Extensions

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Award presented at Customer Success Kickoff 2024

DALLAS, March 1, 2024 /PRNewswire/ — Pathlock, the leading provider of identity and application access governance, announced it received an SAP® LAC Award for Partner Excellence 2024 for Solution Extensions. Awards were presented by SAP to the top-performing SAP partners in the Latin America Caribbean (LAC) region that have made outstanding contributions to driving digital transformation for businesses that use SAP solutions. Recipients – in partnership with SAP – help customers adopt innovation, gain results rapidly, grow sustainably, and run more simply with SAP solutions.

“Pathlock and SAP share a common vision of empowering our customers to achieve their business goals with security and compliance,” said Susan Stapleton, Vice President, Customer Advisory, Pathlock. “Our partnership enables us to deliver integrated solutions that leverage the power of SAP applications and the flexibility of Pathlock’s access governance platform. With Pathlock, customers can automate, monitor, and manage their SAP and non-SAP systems from a single pane of glass, reducing access risk and complexity. We look forward to our continued collaboration with SAP to provide our customers and partners with the best security and access control solutions on the market.”

Selected from SAP’s large and diverse partner base, nominations for the SAP Partner Excellence Awards are based on internal SAP sales data. A committee composed of regional and global SAP representatives determine winning partners in each category according to criteria such as sales achievement and performance. Awards are presented in a variety of categories, including overall sales, innovation, technology, services, and solution-specific areas.

“SAP Partner Excellence Awards distinguish our top regional partners, who are tightly aligned with our vision to bring out the best in every business, helping our customers through their value journey, while innovating with new technologies and providing solutions that address real-world business challenges,” said Leandro Estanga, Chief Partner Officer for Latin America, SAP. “With an outstanding performance these partners are driving our accelerated growth in the region. I am excited to recognize and congratulate Pathlock as the recipient of the SAP LAC Partner Excellence 2024 for Solution Extensions.”

Pathlock and SAP have a long-standing and strategic partnership that dates back to 2010, when Pathlock (then known as Greenlight Technologies) became the only solution endorsed by SAP that extends SAP Access Control to cloud and non-SAP systems. Since then, Pathlock and SAP have collaborated to deliver innovative and integrated solutions that help customers secure and optimize their business applications across the enterprise. Pathlock and SAP will continue to collaborate to provide customers with the best-in-class capabilities to automate, monitor, and manage their SAP and non-SAP systems from a single pane of glass.

Pathlock received its award during the Customer Success Kickoff 2024, a gathering of SAP executives, SAP field employees, and partners. This is SAP’s largest yearly sales meeting, focused on exchanging information on SAP’s strategy, sales methodology, growth opportunities, and product innovations, as well as ways to drive success during the year.

About Pathlock

Pathlock is the leader in identity and application access governance. When traditional identity governance and administration is not enough, Pathlock enables enterprises to manage all aspects of application access governance, continuous controls monitoring, and cybersecurity via a single platform, across applications, including fine-grained user provisioning, User Access Reviews, segregation of duties, control testing, and audit preparation. Today, many of the world’s most respected global 2000 companies rely on Pathlock to protect their critical digital assets from financial, regulatory, and security threats, ensure corporate compliance and improve performance. As a result, our customers have saved millions in employee productivity, labor costs, audit fees, and data loss prevention.   

For media inquiries:  
Caroline Dobyns
410-353-5340
caroline@luminapr.com 

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SOURCE Pathlock

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Interlink Electronics Announces 50% Common Stock Dividend

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IRVINE, Calif., March 1, 2024 /PRNewswire/ — Interlink Electronics, Inc. (Nasdaq: LINK) (the “Company”), a world-leading provider of sensors and printed electronic solutions that support a wide range of applications, including Human-Machine Interface (“HMI”) devices and IoT solutions, today announced that it will issue a 50% common stock dividend on March 22, 2024 to its stockholders of record as of March 11, 2024 (the “Stock Dividend”).

The Stock Dividend will affect all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s equity, except to the extent that the Stock Dividend results in a stockholder owning a fractional share. No fractional shares will be issued in connection with the Stock Dividend. Rather, stockholders who would otherwise be entitled to receive a fractional share instead will become entitled to receive one (1) share in lieu thereof.

All convertible and exercisable securities of the Company outstanding immediately prior to the Stock Dividend will be appropriately adjusted by multiplying the number of shares of common stock into which the convertible or exercisable securities are convertible or exercisable by 1.5 and dividing the conversion or exercise price thereof by 1.5.

Upon completion of the dividend, the outstanding shares of Interlink’s common stock will increase to approximately 9,860,355, based on the number of shares outstanding as of March 11, 2024.

Stockholders with shares in brokerage accounts should direct any questions concerning the Stock Dividend to their broker; all other stockholders may direct questions to the Company’s transfer agent, Computershare, at (800) 962-4284.

About Interlink Electronics, Inc.

Interlink Electronics is a world-leading provider of sensors and printed electronic solutions that support a wide range of applications, including Human-Machine Interface (“HMI”) devices and IoT solutions, utilizing our expertise in materials science, manufacturing, firmware and software to produce in-house system solutions for custom specifications. We have a proven track record of supplying mission-critical technological solutions in diverse markets including medical devices, automotive, gas detection and environmental quality monitoring, oil and gas and general industrial, and consumer electronics, providing standard and custom-designed sensors that provide the flexibility and functionality needed for today’s sophisticated applications.

The Company’s products and solutions currently focus on three main fields:

For nearly 40 years, the Company has led the printed electronics industry in commercializing its patented Force Sensing Resistor® technology, which offers pressure and position sensing and rugged capabilities in a very wide range of temperatures. Our piezoelectric film sensors offer strain, bend and vibration sensing and can be used on curved surfaces, while our advanced matrix sensor solutions offer multiple touch capabilities. We supply some of the world’s top electronics manufacturers with intuitive sensor and interface technologies for use in advanced applications such as medical robotics and vehicle collision detection.Our Gas and Environmental Sensors division has over 25 years of experience in cutting-edge design and manufacture of electrochemical gas-sensing technology for industry, community, health and home. We provide advanced sensor solutions, precision sensing instruments, and custom engineering services for detecting gases such as carbon monoxide, ozone, hydrogen, NOX gases and ammonia, for transdermal alcohol detection and for air quality monitoring. Our innovative printed sensor design enables high-sensitivity, low-power and cost-effective solutions for broad adoption in the rapidly growing IOT market.Our Calman Technology subsidiary brings over 25 years of experience in the design and manufacture of membrane keypads, graphic overlays and industrial label products. We offer IP-rated digital and hybrid printed devices featuring integrated backlighting and shielding and printed electronics with advanced materials ink printing. Calman has customers in fields such as medical devices and defense technologies and gives the Company a base in Europe.

We serve our international customer base from our corporate headquarters in Irvine, California; our Global Product Development and Materials Science Center and distribution and logistics center in Camarillo, California; our advanced printed-electronics manufacturing facilities in Shenzhen, China, and Irvine, Scotland; and our proprietary gas-sensor production and product development facility in Newark, California.

For more information, please visit InterlinkElectronics.com.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by phrases such as “thinks,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” and similar words. Forward-looking statements in this press release include statements about our products, operations and the markets we serve. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the company’s industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the company’s forward-looking statements include, among other things, the following: our success in predicting new markets and the acceptance of our new products; efficient management of our infrastructure; the pace of technological developments and industry standards evolution and their effect on our target product and market choices; the effect of outsourcing technology development; changes in the ordering patterns of our customers; a decrease in the quality and/or reliability of our products; protection of our proprietary intellectual property; competition by alternative sophisticated as well as generic products; continued availability of raw materials for our products at competitive prices; disruptions in our manufacturing facilities; risks of international sales and operations including fluctuations in exchange rates; compliance with regulatory requirements applicable to our manufacturing operations; and customer concentrations. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Annual Report (Form 10-K) or Quarterly Report (Form 10-Q) filed with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Interlink Electronics, Inc.
IR@iefsr.com
Steven N. Bronson, CEO
805-623-4184

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SOURCE Interlink Electronics

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Docupace Wins in Onboarding Product Category at WealthBriefing WealthTech Americas Awards 2024

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HOLMDEL, N.J., March 1, 2024 /PRNewswire/ — Docupace, the leader in cloud-based fintech digital operations software for the wealth management industry, won the WealthBriefing WealthTech Americas Award for Onboarding Product, presented to a wealth-management focused provider operating in the U.S. market that offers onboarding solutions. PreciseFP, Docupace’s digital data gathering and client onboarding platform, offers a streamlined, paperless process that brings financial advice to the digital age.

“With PreciseFP financial advisors can simplify the client onboarding process by eliminating the need for clients to print, sign, scan and return documents,” said Ryan George, Docupace’s Chief Marketing Officer. “The feature not only saves time for advisors but also enhances the overall client experience. This award honors us all, and on behalf of our team, I express my deep gratitude to WealthBriefing and the panel of judges.”

PreciseFP’s impact on financial advisors’ work stands alone. In 2023, financial advisors used the PreciseFP platform to gather more than 10.7 million data elements that did not have to be manually captured or rekeyed; moved datasets among integrated platforms more than 67,000 times; facilitated the creation of more than 200,000 client accounts and saved more than 33,000+ hours doing so. By PreciseFP calculations, this means the total amount of money we saved financial advisors in 2023 was greater than $5 million.

The prestigious recognition comes as Docupace moves full speed ahead with offering advisors across wealth management a comprehensive solution to improve a relatively manual client engagement process. By reducing the “leg work” associated with collecting financial data, PreciseFP also is allowing advisors to allocate more time to essential activities such as client meetings, creating financial plans, and growing their business.

PreciseFP offers real-time assistance through chat, allowing users to share screenshots and valuable information for immediate issue resolution. The platform’s customer support includes live chat support, personalized 1:1 coaching sessions, and a multifaceted support system, going beyond industry norms to ensure users are proficient.

Another key pillar of PreciseFP’s solution is the integration with technology tools already in use by registered investment advisors (RIAs) and wealth management firms. The company’s success at the WealthBriefing WealthTech Americas Awards 2024 is a testament to its steadfast commitment to excellence and its ongoing dedication to elevating wealth management.

For a complete list of winners, please visit: https://clearviewpublishing.com/events/the-third-annual-wealthbriefing-wealthtech-americas-awards-2024/

About Docupace

Docupace is a solutions provider focused on digitizing and automating operations in the financial advice and investment industry. Financial services firms use the Docupace Platform (a cloud-based, integrated software suite) to reduce back-office expenses, improve efficiency, strengthen recruiting, and enhance the experience of advisors and investors. With headquarters in Holmdel, New Jersey, Docupace is proud to serve some of the largest independent broker-dealers and registered investment advisers (RIAs) in the financial services industry.

For more information, please visit www.docupace.com.

Docupace Media Contacts:

Ryan George
Chief Marketing Officer
ryan_george@docupace.com

Joseph Kuo / Donald Cutler
Haven Tower Group
jkuo@haventower.com / dcutler@haventower.com

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SOURCE Docupace Technologies, Inc.

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