Weekly Recap: 10 Finance Press Releases You Might Have Missed

A roundup of the most newsworthy financial press releases from PR Newswire this week, including the U.S Bankruptcy Court confirmation of FTX's plan of Reorganization, Ansa's partnership with Plaid and Fortune's top 25 places to retire affordably.

NEW YORK, Oct. 11, 2024 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

1. FTX Receives U.S. Bankruptcy Court Confirmation of its Plan of Reorganization
   Under the terms of the Plan, 98% of the creditors of FTX by number will receive approximately 119% of the amount of their allowed claims within 60 days after the effective date of the Plan, subject to know-your-customer and other distribution requirements.
2. Income Verification Pioneer Unveils New Features to Streamline Benefits Distribution for State Agencies
   SteadyIQ announced the launch of a new suite of tools designed to further improve the delivery of safety net benefits like SNAP and Medicaid. The features will augment SteadyIQ's pioneering Income Passport, the first tool of its kind to enable seamless income verification, with the aim of increasing accessibility and removing barriers for applicants.
3. Bloomberg Tax & Accounting Introduces Innovation Studio Development Approach
   Today Bloomberg Tax & Accounting announced the launch of its Innovation Studio, an ideation environment that offers access to new tools, including generative-AI powered capabilities, that are currently under development for the Bloomberg Tax platform.
4. Ansa Partners with Plaid to Lower Payment Costs for Merchants and Quick-Serve Restaurants with Pay by Bank
   By integrating Plaid's pay-by-bank offering with Ansa's stored value wallets, this partnership unlocks significant cost savings on wallet transactions that improve bottom-line and increase margins in a highly competitive market. Ansa's Incentive Engine provides tools to let brands nudge and reward their best customers for paying through these preferred mechanisms.
5. 2 in 3 Homeowners Have Gone Into Debt for Renovations
   More than half of homeowners (52%) would rather DIY projects to save on costs. Of those who hired contractors, 53% went over budget and 46% experienced significant delays — compared to just 42% and 32% of DIYers. However, those who hired a professional (76%) were slightly more satisfied with the results than DIYers (71%).
6. Altoo Unveils Next-Gen Mobile App, Enhancing Wealth Management On-The-Go
   The latest upgrade to Altoo's mobile app introduces a range of state-of-the-art features designed to enhance the digital wealth management experience. Clients can now seamlessly access their complex portfolios anytime, anywhere, using an intuitive interface. This upgrade is a key step forward tailoring the Altoo Wealth Platform to the continuously raising needs of today's sophisticated, well-diversified investors.
7. Buyers Edge Platform Acquires Parsly, Expanding Their Technology Offerings for European Restaurants
   Parsly was founded in 2021 in response to the significant challenges facing the restaurant industry during the pandemic. Parsly aims to help restaurants manage their procurement cost more effectively through AI-driven insights and automation. The service improves its users' profitability without requiring additional time or focus from the restaurateurs.
8. Across Party Lines, Americans Are United in Their Support for Social Security and Pensions 
   Debt is problematic and impeding retirement savings for Americans regardless of party. A large share of Democrats (74 percent), Republicans (68 percent), and Independents (68 percent) believe that their level of debt is problematic. About three-fourths of Democrats, Republicans, and Independents who have debt say it is preventing them from saving for retirement.  
9. Casa Shares Launches iOS Mobile App Making Real Estate Investing Available to Everyone 
   Having recently raised $1.5M in pre-seed funding at a $10M valuation, Casa Shares aims to simplify the real estate investment process by enabling users to acquire shares of prime income properties for as little as $100.
10. Fortune Announces the 25 Best Places to Retire Affordably
    The top 10 includes two California cities: American Canyon, CA and Santa Clara, CA. Located in Southern Napa County, American Canyon offers affordable housing near both Napa's world-class wineries and two beaches, Newport Beach and Huntington Beach. It's ideal for active retirees, with kayaking, biking, hiking, and golfing options. The city boasts a tight-knit community feel, local events, and proximity to top healthcare facilities.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

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