Fintech

Real Matters Inc. ("Real Matters" or the "Company") (TSX: REAL) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to renew its Normal Course Issuer Bid for a 12-month period commencing June 11, 2021 and ending June 10, 2022 (the "NCIB"). Under the NCIB, the Company may purchase up to 4,000,000 common shares in its capital (being approximately 5.2% of the 76,489,997 common shares in the public float as at May 31, 2021) for an aggregate purchase price not to exceed C$70 million. Purchases under the NCIB will continue to be made through the facilities of the TSX and alternative Canadian trading systems at the prevailing market price at the time of acquisition. The actual number of common shares purchased by the Company under the NCIB and the timing of such purchases will be determined by the Company.

As at May 31, 2021, the Company had 82,135,513 common shares issued and outstanding. Subject to certain prescribed exceptions, daily purchases under the NCIB will be limited to a maximum of 153,956 common shares, which is 25% of the average daily trading volume of the Company's common shares for the six months ended May 31, 2021 (being 615,827 common shares).

The Company believes that, at times, the prevailing share price for its common shares does not reflect its underlying value such that the purchase of common shares for cancellation represents an attractive opportunity to return value to the Company's common shareholders. The Company uses the NCIB in conjunction with its capital allocation strategy. All common shares purchased under the NCIB will be cancelled.

Real Matters' previously approved NCIB (the "Current NCIB") commenced on June 11, 2020, and will expire on June 10, 2021, or such earlier date as the Company has acquired 6,000,000 common shares or purchased shares having an aggregate purchase price of C$100 million. Since commencement of the Current NCIB, Real Matters has purchased for cancellation 4,596,034 common shares through the facilities of the TSX and alternative Canadian trading systems at a weighted average price of C$17.70. Since the inception of the Company's first NCIB in June 11, 2018, the Company has acquired a total of 11,642,209 common shares at a weighted average price of C$11.50.

The Company has entered into an automatic share purchase plan ("ASPP") with National Bank Financial Inc. to allow for the purchase of common shares under the NCIB at times when the Company would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any purchases made under the ASPP will be based on a pre-arranged set of criteria determined by the Company.

FORWARD-LOOKING INFORMATION

This Press Release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements relating to the Company's belief regarding the intrinsic value of its common shares. Words such as "could", "forecast", "target", "may", "will", "would", "expect", "anticipate", "estimate", "intend", "plan", "seek", "believe", "likely" and "predict" and variations of such words and similar expressions are intended to identify such forward-looking information, although not all forward-looking information contains these identifying words.

The forward-looking information in this Press Release includes statements which reflect the current expectations of management based on information currently available to management. Although the Company believes that these expectations are reasonable, these statements by their nature involve risks and uncertainties and should not be read as a guarantee of the occurrence or timing of any future events, performance or results. A comprehensive discussion of the factors which could cause results or events to differ from current expectations can be found in the "Risk Factors" section of our Annual Information Form for the year ended September 30, 2020, which is available on SEDAR at www.sedar.com .

Readers are cautioned not to place undue reliance on the forward-looking information, which reflect our expectations only as of the date of this Press Release. Except as required by law, we do not undertake to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Real Matters

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters' platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include the majority of the top 100 mortgage lenders in the U.S. and some of the largest insurance companies in North America. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Established in 2004, Real Matters principal offices are located in Buffalo (NY), Denver (CO), Middletown (RI), and Markham (ON). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit www.realmatters.com .

Lyne Beauregard
Vice President, Investor Relations
Real Matters
lbeauregard@realmatters.com
416.994.5930

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25-year Financial Services Industry Expert John Durrant Named President of FIS Banking Solutions Group

Key facts

  • John Durrant assumes role of FIS Banking Solutions President on Sept. 1.
  • Durrant succeeds Martin Boyd who has announced plans to retire from FIS.
  • Boyd, who joined FIS in 2015 through the acquisition of SunGard, will remain with the company until the end of the year to ensure a smooth transition.

Financial technology leader FIS ® (NYSE: FIS) announced today that financial services veteran John Durrant has joined the organization and will assume the role of President of the company's Banking Solutions business effective Sept. 1.

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New integration offers enhanced two-way sync of projects, invoices, and expenses between Knowify and QuickBooks Online Advanced

Knowify, leaders in the construction business management software space, announced today the release of the Knowify Connector - a new and improved integration with QuickBooks Online Advanced which further simplifies the financial management of construction projects for contractors. INTUit (Nasdaq: INTU), the global technology platform behind TurboTax QuickBooks Mint Credit Karma and Mailchimp has made the connector available for all users who utilize both QuickBooks Online Advanced and Knowify at no additional cost.

Knowify and QuickBooks

The Knowify Connector makes it easier than ever for construction businesses to collect data on projects, invoices, and expenses in a single place, eliminating the need for double-data-entry and preserving data quality. The nearly real-time sync of data between the platforms means that users can evaluate project profitability in real-time, and better understand where they have cost overruns. The Connector enables project managers and financial professionals to work in lockstep, so projects can progress without interruption, and the impact of an individual project's profitability on the overall business can be quickly gauged.

"The Knowify Connector has made the already deep integration between QuickBooks Online Advanced and Knowify even more powerful and accessible." Said Marc Visent, CEO and Co-founder of Knowify. "Knowify's mission is to give growing construction companies the tools and guidance needed to execute on projects more efficiently and to understand how each project they take on is affecting their business overall. The Knowify Connector gives contractors faster, more accurate project data, so they can have a clear idea of how their projects and overall business are performing."

Key Benefits:

  1. Streamline your project processes: Avoid dual data entry for projects created in Knowify and corresponding project financials in QuickBooks Online Advanced.
  2. Track performance at a glance: Share project info between Knowify and QuickBooks Online Advanced, to quickly gauge profitability and see actualized project costs vs budget broken down by materials, equipment, labor, and more.
  3. See project updates in real time: Business owners and financial professionals working in QuickBooks Online Advanced and your project managers operating in Knowify can work in sync using the latest project information.

To learn more about Knowify, visit: https://www.knowify.com/

To learn more about the Knowify Connector, visit: https://quickbooks.intuit.com/r/bookkeeping/whats-new-in-quickbooks-online-june-2022/

To learn more about QuickBooks Online Advanced for Construction, visit: https://quickbooks.intuit.com/industry/construction/

About Knowify

Founded in 2016, Knowify's business management software empowers trade contractors and subcontractors to build their business with confidence using a simple but powerful suite of tools. With the ability to create proposals, track employee time and expenses, track job-costs at a granular level, and handle invoicing, Knowify shows the impact every job is having on your business, so you know exactly which projects to focus on. Knowify acts as a single source of truth for every project, eliminating all the manual data entry and expense tracking that keeps business owners and managers tied up at their desk. Knowify also features an extensive integration with Intuit QuickBooks, and is a top-rated construction solution on Intuit's Apps.com.

About Intuit

Intuit is the global technology platform that helps consumers and small businesses overcome their most important financial challenges. Serving more than 100 million customers worldwide with TurboTax , QuickBooks , Mint , Credit Karma , and Mailchimp , we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us for the latest information about Intuit , our products and services, and find us on social .

Preview of the Knowify Connector

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/new-integration-offers-enhanced-two-way-sync-of-projects-invoices-and-expenses-between-knowify-and-quickbooks-online-advanced-301604569.html

SOURCE Knowify

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Intuit Mailchimp CEO and Co-Founder Ben Chestnut to take on Business Advisor Role; SVP of Intuit QuickBooks Money Platform Rania Succar assumes Mailchimp CEO Duties

INTUit (NASDAQ: INTU), the global technology platform behind QuickBooks , TurboTax , Mint , Credit Karma , and Mailchimp , announced today that Ben Chestnut has made the decision to step back from his role as CEO of Intuit Mailchimp to take on a Business Advisor role within the organization.

News Provided by Business Wire via QuoteMedia

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FIS Impact Ventures Selects Ten Startups to Develop Their Fintech Solutions in 2022 Accelerator

Key facts:

  • Ten growth-stage fintech companies have been chosen to take part in the 2022 FIS Fintech Accelerator program, allowing participants to develop their solutions through mentoring, training and a monetary investment.
  • Presented by FIS Impact Ventures and The Venture Center, this year's cohort represents green banking, buy now pay later, P2P payments, debt management, data privacy automation, crypto currency risk management, fraud transaction monitoring, cloud-based compliance, earned wage access and regulatory compliance solutions.
  • Firms founded by women comprise thirty percent of the 2022 cohort.
  • All ten startups will meet with hundreds of bankers, financial services leaders, and venture capital firms during the Accelerator program.

Financial technology leader FIS ® (NYSE: FIS) and The Venture Center have announced the ten companies selected for the 2022 FIS Fintech Accelerator program , providing these growth-stage fintechs with mentoring, training and a monetary investment to develop their solutions.

News Provided by Business Wire via QuoteMedia

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FIS Impact Ventures Selects Ten Startups to Develop Their Fintech Solutions in 2022 Accelerator

Key facts:

  • Ten growth-stage fintech companies have been chosen to take part in the 2022 FIS Fintech Accelerator program, allowing participants to develop their solutions through mentoring, training and a monetary investment.
  • Presented by FIS Impact Ventures and The Venture Center, this year's cohort represents green banking, buy now pay later, P2P payments, debt management, data privacy automation, crypto currency risk management, fraud transaction monitoring, cloud-based compliance, earned wage access and regulatory compliance solutions.
  • Firms founded by women comprise thirty percent of the 2022 cohort.
  • All ten startups will meet with hundreds of bankers, financial services leaders, and venture capital firms during the Accelerator program.

Financial technology leader FIS ® (NYSE: FIS) and The Venture Center have announced the ten companies selected for the 2022 FIS Fintech Accelerator program , providing these growth-stage fintechs with mentoring, training and a monetary investment to develop their solutions.

News Provided by Business Wire via QuoteMedia

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ANZ New Zealand to move to FIS Modern Banking Platform

Key facts

  • ANZ New Zealand will be the first bank outside the U.S. to utilize FIS' Modern Banking Platform deployed on Microsoft Azure.
  • Once completed, the bank will leverage cloud-based technology for core modernization.

ANZ Bank New Zealand Ltd (ANZ New Zealand) has selected financial technology leader FIS ® (NYSE: FIS) to modernize its core banking capabilities.

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