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It’s welcome news for many members who have had to cope with the shutdown of production due to the COVID-19 pandemic. ©2020 City National Bank. For more information, please visit exactuals.com. Exactuals is headquartered in Los Angeles with offices in Nashville and New York. debora.vrana@cnb.com, Paul Stowell, (702) 952-4415 Exactuals serves the secure solution to companies for process their high volume payments. jennifer.harlan@cnb.com, Recognized for Excellence in Business Banking by Greenwich Associates for 12 Consecutive Years, Deposit products and services are provided by City National Bank Member FDIC. SAG-AFTRA’s initiative with payment-processing company Exactuals to provide direct deposit of members’ residuals has been enormously successful, marking 1 million deposits. Powered by Exactuals’ PaymentHub and supported by City National Bank’s trusted infrastructure, SAG-AFTRA is able to confidently move millions of payments quickly, safely and securely. SAG AFTRA members are the faces and voices that entertain and inform America and the world. City National Bank is a subsidiary of Royal Bank of Canada. Recognizing clear rights ownership information is a central issue for accurate licensing and ultimately payment, the company recently introduced RAI, a software development kit and open API, which programmatically improves IP metadata. Exactuals provides an innovative SaaS platform used by film/TV, music, and marketplace companies to manage residuals, royalties, and other complex payments for thousands of payees. Partnering with Exactuals was an easy decision for higi. The technology is “an open api based on machine learning that matches disparate data sources to clean and enhance it so rights holders can get paid and attribution happens,” says McMurtry.

Name * Email Address * Company Title … This effort has truly been a win for all stakeholders in the industry.”, SAG-AFTRA represents approximately 160,000 actors, announcers, broadcast journalists, dancers, DJs, news writers, news editors, program hosts, puppeteers, recording artists, singers, stunt performers, voiceover artists and other entertainment and media professionals.

SAG-AFTRA processes nearly 5 million residuals checks for 270,000 people per year and led the efforts to make direct deposit of residuals a reality. Knowing that Exactuals is handling our AP and AR, we're able to focus on growing our business and brand. The company is tracking 59 million songs for their “Interested Party Identifiers” (IPIs), International Standard Work Codes (ISWCs), and International Standard Recording Codes (ISRCs) — all of which are vital to ensuring that songwriters and musicians are properly paid for their work every time a song is streamed, downloaded, covered, or viewed on a distribution platform. Exactuals is a partner that understood our special needs from the get go. “Studios and payroll companies are also seeing significant cost savings and increased efficiency as the industry moves to a paperless payment ecosystem. Music payments startup Exactuals debuts r.ai, a “Palantir for music royalties”, ADAPT TO ANY GAME WITH THE NEW RAZER NAGA PRO, Useful Tools for Designers: Top best Chrome Extensions, PC in your pocket: Samsung Galaxy Ultra 20, 7 Tech Tips to Save and Money on Essential Gadgets, 6 Ways to Maximise Your Small Business Marketing Resources, Forex Fury Review (Best Settings & Coupon), Forex Steam Review (Best Settings & Coupon), Is It Time to Scale Your Small Business in UAE? Automatically register the data, calculate the transaction, make payment and generate reports. (adsbygoogle = window.adsbygoogle || []).push({}); Write CSS OR LESS and hit save.

All Rights Reserved. Exactuals is headquartered in Los Angeles with offices in Nashville and New York. Upgrade to the latest Internet Explorer version, Investment and Insurance products: Are not insured by the FDIC or any other federal government agency, Are not deposits of or guaranteed by a Bank or any Bank affiliate, SAG-AFTRA and Exactuals Direct Deposit Initiative Hits Major Milestone: 1 Million Payments. They have been impressively flexible with our demands and innately responsive to our needs as our business continues to grow organically. A proud affiliate of the AFL-CIO, SAG-AFTRA has national offices in Los Angeles and New York and local offices nationwide representing members working together to secure the strongest protections for entertainment and media artists into the 21st century and beyond. Exactuals is an RBC company and a wholly owned subsidiary of City … “Direct deposit has provided environmental benefits as well, with more than 6 million sheets of paper eliminated from the process to date,” said Mike Hurst, CEO of Exactuals.

©2020 City National Bank. Recognizing clear rights ownership information is a central issue for accurate licensing and ultimately payment, the company recently introduced RAI, a software development kit and open API, which programmatically improves IP metadata. City National and Exactuals are proud to work with SAG-AFTRA on this landmark process.”. See insights on Exactuals including office locations, competitors, revenue, financials, executives, subsidiaries and more at … Then the song itself gets its own code, called the ISRC which is used to track a song as it’s performed by other artists through various covers, samples and remixes. All Rights Reserved. Reduces all the complexities of transactions with very securely, fast, accurately and transparently. Publishing technology companies will pay writers and performers based on these identifiers, but they’re struggling to identify and track all of the 700,000 disparate places where the data could be, says McMurtry. Their Customer Success Team fully understands our requirements and has delivered a solution to suit our complex payment needs. That’s the ISI. Under the system, nearly $200 million has been deposited directly into members’ bank accounts since it launched nationally on May 1, 2019. Partnering with Exactuals was an easy decision for higi. Cary Walker, (213) 673-7615 cary.walker@cnb.com, Debora Vrana, (213) 673-7631

NMLSR ID# 536994. “There’s only one ISWC, but there might be 300 ISRCs,” says Exactuals chief executive, Mike Hurst. CTRL + SPACE for auto-complete. “Direct deposit of residuals has been a huge success for SAG-AFTRA and our members,” said SAG-AFTRA President Gabrielle Carteris.

We couldn't have scaled so seamlessly without them.

It’s a service that can track songwriting information and rights across different platforms to ensure attribution for music distributors. Auth0 snags $55M Series D, seeks international expansion, MemSQL raises $30M Series D round for its real-time database, Dubai restaurants will become ‘more affordable’, says Jumeirah CEO, Urban Airship announces new features for automated messaging, Making policing more responsive, Spidr Tech raises $2.5 million, Google brings Lens to all Google Photos users on Android. Hence the need for r.ai. According to Exactuals, that’s where the r.ai service comes in. Under the system, nearly $200 million has been deposited directly into members’ bank accounts since it launched nationally on May 1, 2019. Request a Demo. Tech Will Save Us raises $4.2M for its tech-focused range of toys, partners with... Buy a DSLR or a Lens or even a Dolly. COVID-19: How to cope up with stress during a pandemic? The union joined forces with respected payment-processing firm Exactuals to create a secure and stable method for members to easily receive their residual payments. “The benefits of direct deposit for payors and payees have never been clearer — especially during this unprecedented time. paul.stowell@cnb.com, Jennifer Harlan, (917) 322-0994 Exactuals, founded in 2011, is a Software as a Service (SaaS) company modernizing the way the entertainment industry makes payments, including residuals, royalties, marketplace payments, and similarly complex transactions. In the music business, songwriters have the equivalent of a social security number which is attached to any song they write so they can receive credit and payment. City National Bank is a subsidiary of Royal Bank of Canada Performers of songs have their own identifier, which is the ISWC.

Deposit products and services are provided by City National Bank Member FDIC. LOS ANGELES — SAG-AFTRA’s initiative with payment-processing company Exactuals to provide direct deposit of members’ residuals has been enormously successful, marking 1 million deposits. ” — Tom Denison, President & COO higi SH. 3…, Fetchr – From Unicorn Dreams to Collapse Fears, Audi proves two little screens are better than one big screen, Decade in review: Trends in seed- and early-stage funding, Music comes into life: Samsung Galaxy Buds Live, Moshi Avanti LT Review – Headphones with Class, Sharjah Public Libraries offers Free Access to 6 million Digital Books…, Analytical Thinking: What is It and How You Can Develop Your…, Just because it’s legal, it doesn’t mean it’s right, “But First Coffee” – Esperta does Justice to its name, Here are the five Startup Battlefield finalists at Disrupt Berlin, 5 Steps to Find the Best SEO Agency for Your Business.

The technology is “an open api based on machine learning that matches disparate data sources to clean and enhance it so rights holders can get paid and attribution happens,” says McMurtry. Exactuals is an ideal partner for us. Knowing that Exactuals is handling our AP and AR, we're able to focus on growing our business and brand. As companies like Apple and Spotify demand better information from labels about the songs they’re pushing to streaming services, companies are scrambling to clean up their data and provide proper attribution. We have been using Exactuals since our launch and they have helped us make complex payment processes to our many contributors nimble, simple and fast.

Exactuals is an RBC company and a wholly owned subsidiary of City National Bank Member FDIC. Upgrade your browser to optimize your online banking experience. “Ensuring consistent and rapid payment is a core function of the union, and direct deposit guarantees members get paid efficiently and securely, no matter where they are. Online. Thank you to SAG-AFTRA National Executive Director David White for his vision on this critical member resource and to our staff who have worked so hard to make this vision real for our members every day.”, “This year has offered multiple challenges for our industry, from COVID-19 to postal service delays and the catastrophic wildfires up and down the West Coast,” said SAG-AFTRA National Director David White. Exactuals, a software service offering payments management for the music industry, is debuting r.ai, a new tool that it’s dubbed the “Palantir for music”. Chris McMurtry, the head of music product at Exactuals explained it like this. Exactuals, a software service offering payments management for the music industry, is debuting R.AI, a new tool that it’s dubbed the “Palantir for music.” It’s a service that can track songwriting information and rights across different platforms to ensure attribution for music distributors. Visit SAG-AFTRA online at sagaftra.org.

“Direct deposit reduces the risk that payments are not received or could go uncashed and allows our members peace of mind, knowing that they will receive their residuals.

SAG-AFTRA has led the deployment of direct deposit for union members, and we are proud to report the system is scaled, secure and proven.

Exactuals has 73 employees across 2 locations and $20.60 m in total funding,. Their Customer Success Team fully understands our requirements and has delivered a solution to suit our complex payment needs. For some performers, residuals have been a lifeline, allowing them to weather these unprecedented times, while having payments securely deposited. About Exactuals. It also has increased efficiency for our clients in the business management community, allowing them to focus on their clients rather than spending time scanning and matching paper checks and statements.

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