Connect with us

Technology

Unlock Technologies Announces Closing of East West Bank Warehouse Facility

Published

on

Warehouse line will support continued growth and expansion across the country

NEW YORK, Aug. 15, 2024 /PRNewswire-PRWeb/ — Unlock Technologies, a leading home equity investment technology company, has closed a new revolving warehouse facility with East West Bank.

Unlock’s home equity agreement empowers homeowners to access their home equity in exchange for a portion of their home’s future value – without monthly payments or interest charges.

“Strong investor demand for our recent rated securitization, along with this new financing line, demonstrates growing investor confidence in Unlock’s innovative home equity agreement (HEA),” said Jim Riccitelli, CEO at Unlock. “This transaction with East West Bank allows Unlock to further support surging consumer interest in HEAs and deliver innovative equity-based financing solutions to the market.”

Unlock’s HEA empowers homeowners to access their home equity in exchange for a portion of their home’s future value – all without any monthly payments or interest charges. Unlock has seen significant growth in recent years, driven by the current economic climate, a growing securitization market and homeowners actively seeking alternative financing solutions.

“With record home equity levels amidst persistent high inflation, volatile interest rates and growing personal debt, more homeowners are turning to HEAs to access their home equity without the constraints of traditional loans,” said Peter Silberstein, chief capital officer at Unlock. “This new facility represents a significant step forward, allowing us to further refine our strategy and deliver exceptional value to U.S. homeowners.”

Joe Weingarten, managing director of structured finance at East West, said, “Consistent with our mission of helping our customers reach further, we are pleased to support Unlock’s progress in the HEA sector and are excited for the continued opportunities that lie ahead.”

About Unlock Technologies (http://www.unlock.com)
Founded in 2020, Unlock Technologies is a financial technology company providing products and services that help consumers solve financial challenges and improve their financial health. The company’s flagship product is its home equity agreement, a financing option for homeowners who want to access the equity they have built in their homes without taking out a loan. To date, Unlock has helped more than 9,000 homeowners in 16 states access their home equity.

About East West Bank (http://www.eastwestbank.com)
East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (NASDAQ: EWBC) with total assets of $72.5 billion as of June 30, 2024. The company’s wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in southern California, and operates over 110 locations in the United States and Asia. The bank’s markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington.

Contact: Michael Micheletti, michael@unlock.com, 415-359-6985

View original content:https://www.prweb.com/releases/unlock-technologies-announces-closing-of-east-west-bank-warehouse-facility-302222227.html

SOURCE Unlock Technologies

Continue Reading

Technology

Club Offers for Travel Enthusiasts in the UK

Published

on

By

LONDON, Nov. 7, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces four of many new Club Offers for Club Members in the UK.

Rigorously vetted and negotiated for us travel enthusiasts:

£420PP—DELUXE TUSCANY BREAK WITH DINNER & COOKING CLASS
Hotel Villa Il Patriarca sits in extensive grounds, surrounded by mature pine and cypress trees. This offer includes three nights in a Junior Suite, a 6-course dining experience at Michelin-listed I Salotti, a cooking class with the chef, and wine tasting. We have negotiated savings of £373 per couple in spring and summer.
  £200PP—2 NIGHTS AT NEW CORNWALL HOTEL
Travelzoo Club Members are invited to be the first guests at this new hotel when it opens in January. Elysium St Mawes in the Cornish village of St Mawes has been completely redesigned. We have negotiated savings of 50% on regular rates. Includes two nights, champagne, cream tea, and a session in the thermal spa.
  £199PP—FRENCH RIVIERA WITH FLIGHTS
Winter in Cannes means fewer crowds, golden light, and mild weather. This special rate is just for us Club Members—three nights at the Juliana Hotel Cannes in a balcony room, a stone’s throw from the famous Boulevard de la Croisette. Includes return flights.
  £99PP—TOP WEST END SHOW WITH DINNER
“Miss Saigon” returns to the West End for the first time since 2016. Tickets usually cost £99 per person but, with this offer, we also get a 2-course meal and drink at Gaucho Piccadilly before the show.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Cat Jordan – London
+44 77 7678 1525
cjordan@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-the-uk-302932597.html

SOURCE Travelzoo

Continue Reading

Technology

Dynamic Pricing Raises New Questions for Forwarders Evaluating Automated Freight Quoting

Published

on

By

As freight forwarders adopt AI freight quoting software, Aircon founder Chris Condon says buyers should measure more than response speed. He urges teams evaluating freight quote automation software to count total operator time, including review and correction, and to check how quotes hold up when shipment details change.

LEWISVILLE, Texas, Nov. 7, 2026 /PRNewswire-PRWeb/ — As more freight forwarders adopt AI freight quoting software to keep pace with shifting rates, a practical question is emerging: how much of the time saved is later spent checking and fixing what the software produces? Chris Condon, founder and CEO of Aircon, says buyers evaluating freight quote automation software should look at dynamic pricing alongside the work required to turn a supplier’s rate into a customer commitment. His comments follow G2’s 2026 AI Agents Report, updated October 14, which examines the operating costs of reviewing and correcting automated work.

“A higher rate can still be the right choice if it supports the required service,” Condon said. “What matters is knowing what the price includes, which conditions apply and what still has to be confirmed before the customer relies on the answer.”

“Think about a hotel when a major concert comes to town,” Condon said. “Demand goes up, there are only so many rooms, and prices can rise. Freight responds to supply and demand too. The forwarder’s job is to work out whether the available price and service meet the customer’s need.”

Freight pricing reflects more than demand. Costs, contract terms, and shipment requirements all shape the final number. A changing rate tells the forwarder something about one particular option… building a customer offer still requires checking service conditions, outstanding confirmations, and the forwarder’s own commercial rules.

That verification step is where automated freight quoting is put to the test. Condon refers to it as decision assurance: organizing the inputs and evidence behind a proposed commitment, flagging open questions, and keeping a record of the decision, while the forwarder retains judgment and the customer relationship.

“A higher rate can still be the right choice if it supports the required service,” Condon said. “What matters is knowing what the price includes, which conditions apply and what still has to be confirmed before the customer relies on the answer.”

G2’s report draws on a July survey of 1,019 business technology decisionmakers across industries. Forty-five percent of respondents said oversight and rework consume more than a quarter of their expected productivity gains. The findings are self-reported and cover enterprise AI adoption broadly; the report is not specific to freight.

For teams comparing freight quoting software for forwarders, Condon suggests looking beyond response speed. He recommends measuring total operator time, including review and correction, and asking how any freight quote management software handles changes to shipment details…and whether a second operator can understand the conditions behind an earlier quote.

“The practical standard is to give the team time back and keep the judgment behind the customer commitment clear,” Condon said.

About Aircon:

Aircon provides decision-assurance software for freight forwarders, supporting the review that takes place before a quote becomes a customer commitment. It preserves inputs, evidence, and decision state within the forwarder’s existing workflow, while the forwarder retains the customer relationship and commercial judgment.

Media Contact

Chris Condon, Aircon, 1 (855) 750-4560, ccondon@aircon.ai, https://www.aircon.ai

View original content:https://www.prweb.com/releases/dynamic-pricing-raises-new-questions-for-forwarders-evaluating-automated-freight-quoting-302931757.html

SOURCE Aircon

Continue Reading

Technology

DataLogix AI Launches Workplace Video Resources for Businesses Exploring AI and Robotics Training

Published

on

By

New calculator, business owner guide and inquiry form help companies assess workplace video alongside existing business records.

UNION, N.J., Nov. 7, 2026 /PRNewswire-PRWeb/ — DataLogix AI, a division of Trailblaze Solutions LLC, has launched online resources to help business owners explore first-person workplace video for AI and robotics training. The new resources include a workplace-video overview, an adjustable revenue calculator, a business owner guide and an inquiry form for discussing potential fit.

The launch adds a second starting point alongside DataLogix AI’s existing focus on licensing business records. Owners can compare written operating history, such as internal email, chat, tickets and project records, with newly recorded footage showing the hands, tools and steps involved in approved physical tasks. Businesses with both types of activity can explore each separately.

The workplace-video resources describe possible tasks in areas including warehousing, maintenance, construction, production and vehicle service. These examples are discussion starting points, not confirmed eligible categories. The guidance asks owners to review participant consent, recording permissions, safety, equipment and footage acceptance criteria before beginning.

The calculator models a four-week scenario using the number of participating workers, accepted recording hours per worker and an assumed payment rate. Owners can optionally enter employee compensation and other business costs. All figures are illustrative. The calculator does not establish an offered rate, forecast earnings or determine eligibility, and a result after entered deductions is not net profit.

The accompanying guide explains how the two opportunities differ in preparation, rights and economics. It includes questions about who may approve participation, what can be recorded or licensed, who may receive the material and how payment would be determined. Owners can review the resources without uploading company records or workplace footage.

Businesses interested in learning more can use the inquiry form to describe their company and the opportunity they would like to discuss. An inquiry is not enrollment, recording permission or a payment offer. Program availability, equipment and commercial terms require separate confirmation, and payment may be zero.

Explore the new resources at https://datalogix.ai/data-opportunities.

About DataLogix AI

DataLogix AI is a division of Trailblaze Solutions LLC based in Union, New Jersey. It helps business owners explore data opportunities through educational resources, illustrative calculators and business-level inquiries. DataLogix AI is not a data buyer, law firm or financial adviser.

Media Contact

Mark Lowenstein, DataLogix AI, 1 8887875358, press@datalogix.ai, https://datalogix.ai/

View original content:https://www.prweb.com/releases/datalogix-ai-launches-workplace-video-resources-for-businesses-exploring-ai-and-robotics-training-302931763.html

SOURCE DataLogix AI

Continue Reading

Trending