The $96.4 million Summit National Bank, located in Hulett, Wyo., is one of four financial institutions (FIs) that recently chose Malauzai’s SmartApps Mobile Banking platform, according to an FI Navigator report provided to Bank Automation News. The other FIs include:

• $17.4 million Citizens First Credit Union, based in Big Spring, Texas;
• $47.8 million D.C. Teachers’ First Credit Union, based in Washington, D.C.; and
• $17.7 million First National Bank, based in Manchester, Ky.

The following two credit unions chose VisiFI for mobile banking:

• $36.3 million Social Security Credit Union, based in Birmingham, Ala.; and
• $78.1 million Churchill County First Credit Union, based in Fallon, Nev.

Connections CU selected Tyfone’s secure banking platform:

• $24.9 million Connections Credit Union is based in Pocatello, Idaho.

Bango acquires DOCOMO Digital

Commerce platform Bango announced that it has acquired NTT DOCOMO’s payments business DOCOMO Digital (DD) for $4 million to expand the platform’s global partnerships.

The acquisition will bring new payment routes and data which Bango can optimize to deliver a better consumer experience and help online merchants with targeted advertising, a Bango spokesperson told Bank Automation News.

“All active ‘routes’ for payments, product offers, et cetera, are moving from the DD platform to the Bango Platform, which simplifies integration,” the spokesperson told BAN. “[B]ecause the [it] is a cloud-based technology, our customers can access Bango services from a common technology stack in any part of the world.”

Genstar purchases Numerix

Equity firm Genstar Capital has acquired Numerix, a capital markets risk technology provider. Terms of the deal were not disclosed.

Numerix’s platform is cloud-based with real-time analytics using APIs which allows users to integrate its tools with other business intelligence tools, data models and reporting interfaces across various systems, according to the company’s website.

The acquisition will help Numerix expand its footprint in the front-to-risk market, according to a release.

“Numerix is capitalizing on several macro tailwinds including the digital transformation of capital markets, continued complex regulatory requirements and substantial market volatility across asset classes and geographies,” Scott Niehaus, director of Genstar, said in a release.

CIBC partners with MoneyGram

Canadian Imperial Bank of Commerce (CIBC) has partnered with P2P payments provider MoneyGram to streamline the cash pick-up process for clients abroad.

The partnership will expand the $693 billion bank’s Global Money Transfer program to include same-day, no-fee cash transfers to more than 40 countries. Founded in 2015, MoneyGram leverages its mobile and API-driven platform to serve consumers in the P2P space, according to a release.

“We are extremely pleased to announce our latest successful partner integration, this time with CIBC,” Grant Lines, chief revenue officer at MoneyGram, said in a release. “Through our modern, mobile and API-driven platform, CIBC has been able to seamlessly plug into our global network and provide expanded services for their clients.”

Reading Cooperative Bank launches automated escrow tool

The $750 million Reading Cooperative Bank is partnering with fintech ZSuite Technologies to launch ZEscrow, an automated commercial escrow solution, and ZRent, an automated payment collection tool.

The bank has yet to quantify the time savings from automating and streamlining workflows across its 11 Massachusetts branches, but the fintech mapped out tenant security deposits pre- and post-integration of ZEscrow and the steps were reduced to nine from 32, according to ZSuite.