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Cloudvirga Wins Best Rate Referrals Award for Best Technology at 2019 Power Originator Awards

Vlad Poptamas

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Cloudvirga announced today that it has been selected as the winner for the Best Rate Referrals Award for Best Technology at the inaugural Power Originator Summit organized by Mortgage Professional America (MPA). MPA is the mortgage and finance industry’s most trusted source of news, opinion and analysis, with more than 100,000 readers and subscribers who voted to select finalists in four categories. Winners were chosen for their exemplary services, high performance and industry best practices.

“It is an honor to be recognized with this award as we continue to reinvent the loan origination process and provide a single, unifi­ed experience for Loan Officers through our innovative technologies,” said Cloudvirga Chief Product Officer Tim Von Kaenel. “In today’s competitive purchase market, it is imperative that lenders are equipped with the right tools to reduce costs while increasing efficiency.”

Over 500 attendees flew in from around the nation to attend the Power Originator Summit and witness the live announcement of award winners, who were carefully selected by an expert judging panel following the nominations process.

“There couldn’t be a better line-up of winners and finalists,” said Chris Anderson, Project Director. “We’re proud to acknowledge the stellar achievements of those in the mortgage industry and give them the recognition they so richly deserve. We’re already looking ahead to the next Power Originator Summit and Awards in 2020, and we can’t wait to do it all over again!”

The Cloudvirga digital POS engine delivers a dramatically simplified mortgage loan process for consumers and a robust workflow to empower the lender much earlier in the loan process. The service is available in enterprise, consumer and broker configurations to provide the most seamless and cost-effective experience in the industry.

 

SOURCE Cloudvirga

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Cannabis

Hemp Holdouts: Seven States Slow to Reform Hemp Laws After Farm Bill

Betty Tűndik

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Source: newfrontierdata.com
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Idaho’s state legislative session ended earlier this month with a tinge of disappointment. Despite overwhelming bipartisan support to legalize industrial hemp, the legislature was unable to pass a resolution to relax the state’s hemp ban. Adding to the frustration felt by hemp advocates was the shared inability of both the state’s House and Senate to approve measures legalizing hemp, as they failed to reconcile their competing bills.

That failure could prove problematic over the coming year: Aside from the lost opportunity to take advantage of the socioeconomic benefits afforded by legalization, there remains a heightened legal risk of transporting hemp through the state.

Though the 2018 Farm Bill made hemp federally legal, for the time being it remains codified as a Schedule I controlled substance under Idaho state law. At least one truck driver this year has been arrested by Idaho State Police for transporting hemp, yet charged with trafficking in cannabis. Until Idaho reconciles their laws, many consider the state a dead zone for the hemp industry.

Find out more here

 

Source: New Frontier Data/Hemp Business Journal

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Fintech

Fintech Startup, Paramount Financial Technologies, Announces Company Launch, Community Banks Sign-on as First Investors

Vlad Poptamas

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Branch Opportunity Grid
Reading Time: 1 minute

 

Paramount Financial Technologies (PFT), a newly formed fintech startup, publicly announced today its company launch in New England with community banks as its first investors.

PFT helps community banks solve critical challenges like growing core deposits, improving branch network performance, increasing business relationships, and managing performance. One of PFT’s most popular tools, under the umbrella of its flagship product, MarketOpp 360, is their Branch Opportunity Grid, which helps clients understand which branches have the greatest opportunities for deposit and loan growth and provides a detailed guide for actions to take.

“Community banks are investing in us because our solutions have been market-tested for twenty years,” said Michael Purchia, President and Founder of Paramount Financial Technologies. “Since the early days of banking analytics, we’ve been building and refining our tools to provide time-sensitive solutions. We integrate client data with AI-based market intelligence and analytics so our clients can make the best business decisions.”

Timothy Felter, Chief Financial Officer of Newburyport Bank, said, “Our executive team is partnering with PFT for our New Hampshire expansion. Their commercial and consumer market intelligence, and on-the-ground insights, are invaluable.”

To learn more about PFT and sign-up for our weekly newsletter with the latest banking news and insights, visit www.pfintech.net. You can also follow us on www.pfintech.net and Twitter.

 

SOURCE Paramount Financial Technologies

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Cannabis

Phivida Announces the Launch of Wikala’s Private Beta for Its eCommerce Platform

Vlad Poptamas

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Photo source: searchenginejournal.com
Reading Time: 2 minutes

 

Phivida Holdings Inc. (CSE: VIDA OTCQX: PHVAF) (“Phivida” or the “Company”) announces the private beta launch of the Wikala eCommerce platform, featuring cannabis accessories from reputable manufacturers.

“The interest in the private beta release has been phenomenal so far and we look forward to working closely with our customers and creating the most trusted cannabis online marketplace in this industry,” says David Moon, CEO of Wikala. “We’ve been working at maximum pace to get to this stage, and it’s encouraging to think that this is only the beginning of where Wikala and Phivida can go.”

Wikala is a stand-alone eCommerce platform that is set to become the first website in the global cannabis and hemp-CBD space to offer independent sellers’ personal storefronts where they can list their goods within an existing marketplace. The private beta signup is still open and the platform will be available for use for a select number of beta users, based on their geography, for the next 55 days. During that time, the Wikala team will monitor user feedback and prepare the software for the next release.

The core features included in the private beta release are a fraction of the company’s ultimate vision, however, they are a necessary first step and include all of the basic features of an eCommerce website, including a product comparison tool that is yet to be seen in the cannabis market.

“The potential of Wikala is in its modularity and the fact that we can develop new creative features quickly and without having to rely on third party software,” continued Mr. Moon. “This allows us to use the Open Beta release to set the stage for the next milestone, which is to open the sellers’ portal and allow individual businesses to open their stores on Wikala.”

Wikala’s next milestone is the public release of the platform, expected on July 15, 2019, which will feature a refurbished design for mobile devices, a coupon system for discounts, advanced smart search and various additional functionalities that provide a glitch-free user experience from shopping to product delivery. The July 15 public launch is expected to be the platform’s Open Beta.

 

SOURCE Phivida Holdings Inc.

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