Banking & Financial Services News
Get a balanced look at what’s new in the banking and financial services industry. This section features information about commercial banking services and products, credit unions, credit card companies, cryptocurrency, compliance issues and news from banking and financial service companies.
Global Private Equity Partners Provides Financing for Development of One of Europe's Largest Wind Farm Projects in Several Locations
The Wind Farm Project is to have a combined capacity of over 150 MW, providing electricity to over 100,000 households from renewable energy sources. Global Private Equity Partners provides total funding of EUR 144 Million. Global Private Equity Partners holds 33% of the Corporate Shares which are... - May 17, 2021 - Global Private Equity Partners
Spencer Savings Bank Helps Feed Needy Community Members with Eva’s Village Donation
Spencer Savings Bank recently made a $2,500 donation to Eva’s Village to help feed community members. The organization’s Community Kitchen is serving to-go breakfast and lunch to over 400 individuals daily. This is in addition to serving 3 prepared meals a day to those residing in their... - May 15, 2021 - Spencer Savings Bank
Selma Bartlett Retires After 67 Years in Banking
Meadows Bank announced today that as of April 30, 2021, Selma Bartlett retired from her 67-year career as a bank officer here in Las Vegas. As one of the first female bank officers in the state of Nevada, Selma has been influential in the tremendous growth of Las Vegas, specifically Henderson. - May 13, 2021 - Meadows Bank
People’s Trust Federal Credit Union Launches Enrich Financial Wellness Platform to Its 30,000 Members
People’s Trust Federal Credit Union has partnered with San Diego-based financial education company iGrad to offer the award-winning Enrich™ financial wellness platform to its 30,000 members. Enrich is used by more than 20,000 employers and more than 300 financial institutions... - May 13, 2021 - iGrad
Lucrotec LLC Announces Free B2B Webinar
Discover how companies are improving their supplier payment processes and regaining valuable time for their teams. - May 13, 2021 - Lucrotec
Railsbank Partners with RationalFX as They Expand and Strengthen Product Suite for European Client Base
Railsbank, the leading global Banking-as-a-Service platform, has announced a collaboration with RationalFX, a major UK payments and foreign exchange provider, as the latter strengthens its product offering in Europe. - May 13, 2021 - RationalFX
First National Closes $22.7 Million Single Family Rental Development Loan in Chicagoland
First National, a financial industry independent lender with over 30 years of history, has closed another complex, multi-property residential development transaction. - May 12, 2021 - Kensington Nanny Service
Shufti Pro to Explore NFC Based Identity Verification in Its Coming Panel Webinar with Global Experts
An in-depth analysis of diverse aspects of NFC-based identity verification in a coming webinar on 10th June 2021. - May 11, 2021 - Shufti Pro
Codebase Technologies Enables More Intuitive P2P Payments with Digibanc™ Socialpay
Codebase Technologies, a leading Global Open API Banking Solutions provider, is proud to announce the launch of Digibanc™ SocialPay, a cutting-edge social peer-to-peer payments and fund transfers solution. Widespread adoption of a product or service in the digital age is heavily reliant on... - May 11, 2021 - Codebase Technologies
LemonadeLXP Teams with American Bankers Association to Upskill Members’ Marketing Staff
LemonadeLXP, the learning experience and digital adoption platform for financial institutions, has teamed with the American Bankers Association (ABA) to enhance ABA’s robust online learning platform to help upskill marketing staff within its member financial institutions in immersive and stimulating new ways. - May 07, 2021 - LemonadeLXP
Meadows Bank Reports Q1 2021 Financials and Shareholder Dividend
Meadows Bank, headquartered in Las Vegas, NV, announced today that it not only posted After Tax Net Income of $5,824,534 in the first three months of 2021 which was 56.5% higher than the $3,721,686 earned during the same period in 2020, but that it also recently paid a shareholder dividend. - May 06, 2021 - Meadows Bank
The First "Crypto Hotel" Presented by Hotel Manager Johannes Fritz Groebler / the First NFT Hotel Run on Ethereum
UNYCU accomplished a new chapter in its history with the unveiling of the Crypto Hotel. The Crypto Hotel is the first NFT (Non-Fungible Token) hotel worldwide. It exists only in digital form and is based on the Ethereum blockchain. There is no other hotel in the world that can be compared to the Crypto Hotel. As this hotel is digital, it can be enjoyed anywhere, anytime. - May 04, 2021 - Hotel Fritz Consulting
Experienced Hard Money Loan Firm, Harbor Equity, Promises Funding and Loans to Construction Contractors After the Pandemic
No more lengthy applications or long-winded review process, says Harbor Equity, one of Georgia’s leading hard loan providers. - April 30, 2021 - Harbor Equity
Harbor Equity Provides Transaction Evaluation Within 24 Hours for Residents in Utah, New Jersey, Indiana and Beyond
No more waits, no more queues - Harbor Equity responds to clients in only 24 hours. - April 30, 2021 - Harbor Equity
Saint James Holding and Investment Company Announces Acquisition of Victura Construction Group and Provides Shareholder Update
Saint James Holding and Investment Company Trust (SJT) announces that it has acquired Victura Construction Group, Inc. (OTC: VICT), a holding company focused on strategic acquisitions within the construction industry and provides updates to its shareholders. Management Commentary: Contract Mining... - April 28, 2021 - Saint James Holding and Investment Co.
European Based Private Investment Firm Received USD $875 Million of Equity Financing from Global Private Equity Partners
Proceeds from the Financing will be used to Fund Business Growth and for general Corporate expansion purposes. - April 28, 2021 - Global Private Equity Partners
Steve Muehler – Loans – Expands Real Estate Finance Division with “Builder & Construction Lines of Credit”
Steve Muehler today announced that the Firm will Launch its “Builder Line of Credit” and “Construction Line of Credit” starting this week. - April 28, 2021 - Steve Muehler
My Money Workshop Announces First-Ever Virtual Financial Literacy Forum Sponsored by JPMorgan Chase
My Money Workshop, a financial literacy organization that emphasizes the importance of wise and secure financial decision-making to teens and adults, is proud to announce its first-ever virtual Financial Literacy Forum in celebration of Financial Literacy Month on April 27, 2021. This event is graciously sponsored by JPMorgan Chase. Through their Path Forward initiative, JPMorgan Chase is addressing the existing racial wealth gap in the U.S. - April 27, 2021 - My Money Workshop Inc
Super Lottery: NordFX Gives Away Prizes to Traders
The Super Lottery was launched by the brokerage company NordFX among its clients on April 1. - April 27, 2021 - NordFX
Revenew Changes the Rules with the Launch of Next-Gen Value Added Platform for Financial Institutions
Platform Delivers New Non-Interest Income and Cardholder Value. Revenew announced the launch of its merchant-funded incentive program designed to promote card usage and card loyalty. Key to the program is Revenew’s first of its kind platform for financial institutions, which delivers new... - April 25, 2021 - Revenew LLC
Spencer Savings Bank Inks $22 Million Loan Deal for Global Manufacturing Company
Spencer Savings Bank recently closed on a $22 million loan for a global manufacturing company headquartered in New York City. The deal is the bank’s largest single transaction in history, signaling a continued appetite for growth and the desire for borrowers to work with a community... - April 24, 2021 - Spencer Savings Bank
National Link Celebrates 25th Business Anniversary
National Link, Inc., one of the largest ATM Providers in the nation, is celebrating a 25th Business Anniversary. Congratulations to all the businesses that made it through the difficulties of this past year. Especially those that didn't just survive, but thrived. National Link has big plans for this year, and the coming years, in continuing to deliver secure options for both cash distribution and credit card transactions. - April 23, 2021 - NationalLink
BankersWorksite® Rebrands to Atlantic American Employee Benefits
Backed by Parent, Atlantic American Corporation®, BankersWorksite® Rebrands to Atlantic American Employee Benefits - April 22, 2021 - Atlantic American Employee Benefits
Steve Muehler – Equity Capital Markets Releases Its "Commercial Real Estate Equity Capital" Guidelines
Steve Muehler, the Founder & Managing Member of Steve Muehler Portfolio of Companies, today announced that the firm has partnered with a number of Institutional Commercial Real Estate Equity Investment Firms / Funds, and has released the “Equity Investment Parameters” of its Commercial Real Estate Equity Program. - April 22, 2021 - Steve Muehler
Central Bank of Iceland Enters Into a Long-Term Service Agreement with SkySparc
SkySparc, an independent solutions provider, has entered into a multi-year partnership agreement with the Central Bank of Iceland covering use of outsourced support services and OmniFi, SkySparc’s proprietary data integration and workflow automation solution. - April 21, 2021 - SkySparc
Zink Pay Partners with Codebase Technologies to Transform Recurring Payments in the UAE
Zink Pay chooses Codebase technologies, a leading global Open API Banking solutions provider, to power their payments processing systems. The partnership builds on the strengths of each company to offer global customers enhanced payment experiences across their lifecycle. Zink Pay’s concept... - April 18, 2021 - Codebase Technologies
National Bank of Georgia Joins OmniFi Central Bank Client Roster
SkySparc, an independent solutions provider, has added the National Bank of Georgia (NBG) to OmniFi’s expanding community of central banking users. Initially, the bank will use OmniFi to build test cases and reports. - April 14, 2021 - SkySparc
Fundacion Génesis Empresarial Sees 3x Lower Loan Defaults After Using Alternative Credit Data by Innovative Assessments
Fundación Génesis Empresarial has partnered with IAssessments to assist in their risk assessments and loan origination processes. Génesis Empresarial, a Guatemala based foundation specialized in economic and social development, originally tested Worthy Credit during 2018. They... - April 14, 2021 - Innovative Assessments
Direct Auto Set to Hire Over 100 Insurance Agents & Trainees for "National Interview Day" April 23
Leading insurance provider invites job seekers to register for the company’s largest hiring event of the year. - April 13, 2021 - Direct Auto Insurance
Texas A&M University-Corpus Christi Launches iGrad Student Financial Literacy Platform to Staff, Faculty, Students and Parents
Texas A&M University-Corpus Christi - a Hispanic Serving Institution (HSI) and Minority Serving Institution (MSI) with nearly 12,000 students - has partnered with iGrad to provide a customized, interactive online and mobile financial wellness platform to TAMUCC faculty, staff, students and parents. The funding for this financial literacy initiative was provided by a grant awarded by the U.S. Department of Education. - April 13, 2021 - iGrad
Shufti Pro Launches NFC Verification to Simplify Identity Verification Workflow
Shufti Pro NFC Verification is using Near Field Communication technology to make identity verification simpler for businesses and end-users. - April 13, 2021 - Shufti Pro
Global Private Equity Partners Provided a USD $575 Million Loan for Power Plant
Global Private Equity Partners provided a USD $575 Million Loan to set up an 800 megawatt (MW) Power Plant in the South Western region of Asia. The plant, operating on the latest technology, will help meet the south Asian Country’s growing demand for clean energy, said Global Private Equity... - April 13, 2021 - Global Private Equity Partners
Spencer Savings Bank Appoints George Celentano to Executive Vice President, Chief Retail Banking Officer
Spencer Savings Bank is pleased to announce the promotion of George Celentano to the position of Executive Vice President, Chief Retail Officer. Celentano will be responsible for the performance of the bank's Retail business across all products and channels and for leading the team in building and... - April 10, 2021 - Spencer Savings Bank
Peoples Processing Appoints Rich Kean as Senior Manager, Client Engagement
Peoples Processing, Inc., a DBA of Direct Mortgage, Corp., announced today that it has recently appointed Rich Kean as Senior Manager, Client Engagement. In this new role, Rich will be responsible for bringing in and managing new strategic partnerships with marquee clients. Before joining Peoples... - April 10, 2021 - Peoples Processing
Credit Benchmark Appoints Thomas Gilligan as Chief Commercial Officer
Credit Benchmark, the leader in consensus-based credit analytics, has announced the appointment of Thomas Gilligan as Chief Commercial Officer, effective immediately. Thomas will be based in Credit Benchmark’s New York office. He will lead the firm’s global commercial team and will be... - April 09, 2021 - Credit Benchmark
Fintelum Opens Investment Into New Tokenisation Project KEEPP
Over 15% in dividend, KEEPP represents an attractive investment opportunity in a yield-starved and COVID-19-disrupted investment environment. - April 06, 2021 - Fintelum
Global Private Equity Partners Provides a USD $650MM Loan for European-Based International Energy Company
Global Private Equity Partners provided a USD $650MM Loan for European-based International Energy Company for their energy and wholesale marketing divisions. The facility supports Company's oil product purchase and storage, energy and wholesale marketing, logistics and merchant activities. Global... - April 05, 2021 - Global Private Equity Partners
NEA Charitable Fundraising Services Can Now Accept Bitcoin for All Major Charities
As one of the largest Charitable Service Companies, NEA Charities can now accept Bitcoin as a donation to any 501(c)3 Charitable Organization. - April 04, 2021 - NEA Charitable Fundraising Services
Bittrex Proudly Joins ATII to Stop Illicit Financial Flows
Bittrex Inc. announced it is partnering with the Anti-Human Trafficking Intelligence Initiative (ATII) to combat and raise awareness around human trafficking. As part of the partnership, Bittrex will work to further advance ATII's vision of disrupting the operations, economics and anonymity of human trafficking at the source by intervening in criminal access to financial markets and thereby inhibiting the ability of traffickers to inflict harm on vulnerable groups. - April 01, 2021 - Anti-Human Trafficking Intelligence Initiative
Cal Coast Credit Union Voted Business of the Year in Financial Services Industry
California Coast Credit Union named 2020 Business of the Year in the financial industry by the San Diego East County Chamber of Commerce. - March 30, 2021 - California Coast Credit Union
Alcineo Achieves American Express ExpressPay Certification for Its SoftPOS SDK
The certification of SoftPOS SDK validates the software based payment application embedded into Android smartphones or tablets enabling ExpressPay transactions. The softPOS technology integrates contactless smartcard payment functionality to software-based environment eliminating the hardware constraints. - March 26, 2021 - Alcineo
A-Team Group Announces Winners of Inaugural A-Team Innovation Awards
A-Team Group announced the winners of its prestigious Innovation Awards. - March 24, 2021 - A-Team Group
Deutsche Bank and TIS Join Forces to Develop and Offer Multi-Bank Services
Cooperation starts with a ground-breaking payment fraud prevention software solution for corporate customers. - March 21, 2021 - Treasury Intelligence Solutions GmbH
Spencer Savings Bank Receives NJBankers’ 2019 Community Service Award
Spencer Savings Bank is pleased to announce that it was recently awarded with the NJ Bankers’ 2019 Community Service Award for its community service work. The Community Service Award Project, sponsored by NJBankers, is an annual program held to both celebrate the community work of members and... - March 18, 2021 - Spencer Savings Bank
Maalouf Ashford & Talbot Named Law Firm of the Year for 2021 in 13 Countries and in Multiple Categories
Maalouf Ashford & Talbot, one of the world’s leading international law firms, today announced that the Firm has been named Law Firm of the Year for 2021 in 13 Countries and in multiple categories including: Arbitration & Litigation, Banking & Finance, Capital Markets, Compliance, Corporate, Energy, Environmental, International Trade & Finance, M&A, Oil & Gas, Shipping & Maritime and Tax law. - March 15, 2021 - Maalouf Ashford & Talbot, LLP
Best Financial Services Website to be Named by Web Marketing Association in 25th Annual WebAward Competition
The Best Financial Services websites in the world will be named by the 25th annual international WebAward Competition for Website development at www.webaward.org. Financial categories include banking, credit union, insurance, investment, mutual funds and financial services websites and will be judged on the seven criteria of a successful web site. The deadline for Financial-related web sites to enter is May 28, 2021. - March 11, 2021 - Web Marketing Association
Wayne State University Offering the Award-Winning iGrad Financial Wellness Platform to Over 25,000 Students
Wayne State University partners with iGrad to provide a customized interactive financial education platform to all University students. - March 10, 2021 - iGrad
Curtis W. Chambers Recognized as One of LPL Financial’s Top Advisors
Curtis W. Chambers, an independent LPL Financial advisor at Chambers Financial Group in Largo, today announced his inclusion in LPL’s Director’s Club. With more than 17,000 LPL-affiliated advisors nationwide, LPL awards select advisors with this distinction based on an advisor’s business success*. - March 10, 2021 - Chambers Financial Group
Virginia Retirement System and iGrad Receive Top Award for myVRS Financial Wellness Program Communications Campaign
The Virginia Retirement System and iGrad/Enrich received a first place award for communications in the financial wellness category among public plans with more than 5,000 participants at the annual Eddy Awards sponsored by Pensions & Investments (P&I) in March. - March 09, 2021 - iGrad
Franklin Templeton Partners with iGrad on New Personalized Financial Wellness Platform
Franklin Templeton and iGrad/Enrich partner to provide a personalized financial wellness platform for financial professionals to share with defined contribution (DC) plan sponsors and participants. - March 08, 2021 - iGrad