Fintech PR
Finastra introduces enhancements to LaserPro, adds customer benefits to the cloud solution
More than 75 banks and credit unions have moved to the system’s cloud model since its launch, benefitting from the new features after fast migration times
LAKE MARY, Fla., March 31, 2025 /PRNewswire/ — Finastra, a global provider of financial software applications, announced its leading cloud-based loan document preparation system, LaserPro, is now offering enhanced features and is seeing widespread adoption by community-based financial institutions.
Since its launch, LaserPro has implemented valuable enhancements to its cloud version, including the following:
- AI Assistant applies Large Language Models (LLMs) to Finastra’s extensive knowledge database to answer specific user questions, bridging the lending and compliance knowledge gap while saving users time and increasing efficiency.
- Small Business Administration (SBA) Document Management streamlines workflows and facilitates faster approvals of small business administration program loans. Additional key features include elimination of duplicate data entry, ability to tailor requirements, a comprehensive design that supports the documents needed for a wide variety of SBA programs, and resiliency provisions.
- Geocoding provides enhanced data accuracy by converting addresses into geographic coordinates, improving the efficiency of location-based data, which can be crucial for compliance and reporting purposes. It also supports improved risk assessments, enhanced customer insights, and enables regulatory compliance.
- Commercial Applications helps financial institutions manage commercial loans more effectively, enabling accuracy, compliance, and efficiency. Features include comprehensive loan documentation, customizable workflows, collateral management, regulatory compliance support, integration with core systems, and a user-friendly interface.
- Advanced Additional Provisions streamlines the document management process and improves accuracy. It includes customizable clauses, automated insertion, version controls, and template management. These features help increase efficiency, accuracy, and consistency during the document management process.
Boosted by these enhancements, Finastra clients across the US are migrating LaserPro from on-premise installations to the cloud, choosing to take advantage of its many benefits to better serve their customers and improve back-office processes. Migrations to the cloud solution can be concluded in around three hours, with some financial institutions completing the process in 30 minutes or less.
“With LaserPro in the cloud, we’re able to drastically reduce our IT expenses and streamline processes with automatic system updates,” said Jeff Forsgren, Chief Lending Officer, Members Trust of the Southwest Federal Credit Union. “As our credit union evolves and grows, LaserPro’s cloud-based solution enables us to create and customize lending documents, easily access what we need from a single dashboard, and focus on the member experience thanks to the automation and scalability the platform provides.”
By migrating LaserPro to the cloud, smaller financial institutions such as community banks and credit unions can operate more profitably and with increased competitive focus, enabled by lower total cost of ownership, increased resilience, and the ability to grow without constraints. LaserPro Connect, for example, makes it possible for financial institutions to integrate LaserPro with third-party loan origination systems, for faster and more efficient performance. Since users do not need to add servers or new licenses, financial institutions can easily scale, implement new users as necessary, and seamlessly handle increasing commercial, mortgage, and consumer loan volumes to propel profitability.
“Financial institutions across the US are recognizing the benefits of cloud migration in order to keep pace with larger banks and alternative lenders,” said Mitch Lucas, Head of Retail Lending at Finastra. “As our industry continues to progress, Finastra is pleased to offer customers the tools they need to create an enhanced user experience powered by improved back-office processes. With LaserPro in the cloud, financial institutions are ready for anything that comes next, with easy cloud-based integrations designed to connect digital lending processes end-to-end.”
To learn more about the solution, attend Finastra’s webinar, “Unlock the power of LaserPro cloud to streamline your loan documentation process,” on April 3, 2:00 p.m. – 3:00 p.m. EDT.
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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View original content:https://www.prnewswire.co.uk/news-releases/finastra-introduces-enhancements-to-laserpro-adds-customer-benefits-to-the-cloud-solution-302414430.html
PARIS, April 3, 2025 /PRNewswire/ — The 9th edition of VivaTech, Europe’s largest startup and tech event, will take place in Paris Porte de Versailles from 11 to 14 June 2025.
SPANNING A DECADE OF TECHNOLOGICAL TRANSFORMATION
With over 4,000 partners and 300 global innovations, VivaTech will bring together thought leaders, entrepreneurs, investors, and key industry players to explore new technological frontiers and their impact on business, geopolitics, and society.
- Technology: Featuring AI, quantum computing, blockchain, and other disruptive technologies, along with a new prize dedicated to innovation and over 14,000 startups and tech champions, VivaTech offers a comprehensive view of the future of technology.
- Business: More than 30 business sectors will be represented at VivaTech
- Geopolitics: While some countries are strengthening their presence, notably China, other countries will be present at VivaTech for the first time: the United States, Poland, Lebanon, Saudi Arabia, El Salvador and Nigeria. Canada, VivaTech’s Country of the Year, is bringing a delegation of more than 100 Canadian AI startups.
- Responsibility: VivaTech 2025 is reaffirming its commitment to a more sustainable and ethical Tech, with the second edition of the Impact Bridge in partnership with EDF, and the inauguration of the Tech for Change Award, in partnership with Axionable, dedicated to innovations with social and environmental impact.
THE MAIN THEMES AT THIS NINTH EDITION OF VIVATECH
The AI Revolution in Action
According to the VivaTech barometer, 85% of companies plan to increase their investments in AI in the coming year. VivaTech will highlight advancements in robotics, the fight against misinformation, and environmental protection, with startups like Unitree (China), Trusting Pixels (Canada), Ocean Eyes (Japan).
Creative Industries: Tech Reinvents Arts and Entertainment
Music, film, fashion, design and gaming are entering a new era where technological innovation is redefining creation, distribution and consumer experience. VivaTech will honor the creative industries with major experiences: Runway’s AI Festival and a unique immersive show in partnership with LiveNation.
Tech Cares: Tech at the Service of Wellbeing
From AI for mental health (Emobot) to innovative algorithms accelerating drug discovery (Aqemia), VivaTech will showcase innovations transforming health and well-being.
FIRST KEY SPEAKERS ANNOUNCED
Joe TSAI, Alibaba Group, Vanessa WYCHE, NASA, Alain ASPECT, CNRS / Pasqal, Nobel Prize Winner, Zak BROWN, McLaren Racing, Paul HUDSON, Sanofi, Yann LE CUN, META and Arthur MENSCH, Mistral AI.
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Contact: vivatech@publicisconsultants.com
View original content:https://www.prnewswire.co.uk/news-releases/vivatech-2025-explores-the-new-frontiers-of-innovation-302419022.html
Fintech PR
EY upgrades Nightfall, a zero-knowledge roll-up enabling private transactions on the Ethereum blockchain
- The new source code for Nightfall, renamed Nightfall_4, replaces the prior version.
- This update provides the near-instant finality of layer-1 blockchain transactions without the need for a challenge period.
- Nightfall enables enterprises to orchestrate private transactions efficiently on Ethereum without compromising its benefits of transparency, data immutability and security.
LONDON, April 3, 2025 /PRNewswire/ — The EY organization today announces it has updated the public domain source code for Nightfall1, a layer-2 roll-up that enables private transactions on the public Ethereum blockchain and the development of privacy-focused enterprise blockchain solutions.
This updated version of Nightfall replaces the optimistic roll-up with a zero-knowledge version – enabling the near-instant finality of transactions on the blockchain without the need for a challenge period. Using Nightfall, enterprises can orchestrate private transactions efficiently on the Ethereum mainnet, without compromising the transparency, data immutability and security that Ethereum provides.
The replacement of a cryptoeconomic approach with a cryptographic approach simplifies Nightfall’s architecture because there is no need to accommodate challenging incorrect blocks, nor to provide liquidity services to avoid users having to wait out the challenge period to get their tokens. As soon as a Nightfall block is added to the chain, the transactions it contains are as final as any other blockchain transaction.
This simplifies the operating requirements for Nightfall, making privacy technology more accessible for enterprise users. Nightfall’s other features, such as access provision through x509 enterprise identity certificates and the enhanced scalability with privacy, have all been retained.
The source code for Nightfall, renamed Nightfall_4, and supporting tools are in the public domain and are available on Github. Nightfall remains in the public domain to facilitate the adoption of privacy-focused enterprise solutions among companies seeking to enter Ethereum and conduct meaningful business on the network.
The EY organization first contributed Nightfall to the public domain in 2019 as a set of protocols for enabling private transactions on the Ethereum blockchain, and Nightfall_4 is the fourth major update to the software. EY core software and service offerings in the global blockchain market, such as, EY OpsChain, use Nightfall, and both are delivered through EY Blockchain’s SaaS platform, Blockchain.ey.com.
Paul Brody, EY Global Blockchain Leader, says:
“This update to version 4 represents a major update to Nightfall, providing the same privacy and scaling that version 3 enabled, but now with near-instant finality and a simplified architecture. We believe we will see accelerating adoption of this technology in the coming year by enterprise users.”
For more information visit Blockchain.ey.com.
About EY
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.
Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.
EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
All in to shape the future with confidence.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.
1 Nightfall is an internal project name at the EY organization for code related to privacy on a blockchain. This code is not owned by the EY organization and the EY organization provides no warranty and disclaims any and all liability for use of this code. Users must conduct their own diligence with respect to use for their purposes, and any and all usage is on an as-is basis and at your own risk.
View original content:https://www.prnewswire.co.uk/news-releases/ey-upgrades-nightfall-a-zero-knowledge-roll-up-enabling-private-transactions-on-the-ethereum-blockchain-302418610.html
NEW YORK, April 3, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Kristen Scholer delivers the pre-market update on April 3rd
- On Wednesday, which the President dubbed Liberation Day, Trump unveiled levies on all countries.
- Markets are pricing in the impact of the tariffs expected to take effect on April 5 with the S&P 500 testing correction territory, down 10% from its high.
Watch NYSE TV Live every weekday 9:00-10:00am ET
Video – https://mma.prnewswire.com/media/2657545/NYSE_Market_Update_Apr_3.mp4
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View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-advisory-pre-market-update–wall-street-responds-to-tariffs-302419817.html
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