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.
Gary Williams of Williams Asset Management Honored in Forbes’ Best-in-State Wealth Advisors List 2021
Williams Asset Management announces that its President and Founder, Gary Williams, CFP®, CRPC®, AIF® has been named to Forbes’ Best-in-State Wealth Advisors list for 2021. - March 04, 2021 - Williams Asset Management
BankingON Named Mobile/Digital Finalist in CreditUnions.com 2021 Innovations Series
BankingON, a leading innovator in mobile banking solutions and user experiences for the financial industry, announced today that it has been selected as a finalist in the Mobile/Digital category in the 2021 Innovation Series, presented by CreditUnions.com and sponsored by Callahan &... - March 03, 2021 - BankingON
Sam Verma, CEO, Features Among Most Influential CEOs to Watch Globally
Peoples Processing, Inc., a DBA of Direct Mortgage, Corp., announced today that their CEO, Sam Verma has recently been featured as the most influential CEOs to watch globally by Innovative Zone magazine. “For Peoples Processing, it has always been about delivering value consistently for... - March 01, 2021 - Peoples Processing
Major IDV Vendor Shufti Pro Launches Affiliate Program - Shufti Advocates
Shufti Pro, an AI-powered identity verification service provider has launched its affiliate program, Shufti Advocates, to give businesses and influencers a chance to share a sale with Shufti Pro. Shufti Pro, a globally acclaimed company offers robust KYC/AML solutions and biometric authentication... - March 01, 2021 - Shufti Pro
Cal Coast Credit Union and the San Diego Gulls Foundation Join Forces for the San Diego Gulls Book and Learning Supply Drive
California Coast Credit Union is teaming up with the San Diego Gulls Foundation to raise funds for the San Diego Gulls Book and School Supply Drive benefitting Words Alive, a local nonprofit organization focused on reading for children, teens and families. From March 1 through March 8, community... - February 27, 2021 - California Coast Credit Union
CEC Bank Accelerates Digitalization Using Low-Code Platform from Aurachain
The platform has been exclusively utilized to build an integrated system for monitoring and maintenance of the bank's ATM and POS fleet, an application that will modernize the onboarding process for SMEs, and will continue to target online trade finance solutions for the bank's SME customers. All in record time. - February 27, 2021 - Aurachain AG
Spencer Savings Bank Hosts “Warm Up This Winter” Drive for Bridges Outreach Nonprofit
Spencer Savings Bank recently hosted a “Warm Up This Winter” drive in support of Bridges Outreach, a non-profit organization headquartered in Union County. The bank and employees donated hundreds of new socks, gloves, hats and scarves to help keep their clients nice and warm this winter... - February 26, 2021 - Spencer Savings Bank
Anil Uzun Will Talk About the Next Generation Banking on Youtube
Anil Uzun will be attending a live broadcast on Youtube to talk about the next generation banking and AI supported Fintech. The programme will be broadcasted live at 07:00pm on 17.03.2021. - February 25, 2021 - Anil Uzun Investments
CEO John Steinmetz and Vista Bank Team Members Honored for Cultivating an Environment Recognized as a 2020 DBJ Best Places to Work
During the COVID-19 pandemic, companies of all sizes and across multiple industries faced unprecedented challenges. Deemed essential services and tasked with being the Amazon Prime of the CARES Act, community banks found new ways to serve their customers during the economic lockdowns. Amidst the... - February 25, 2021 - Vista Bank
CompassMSP Announces Leadership Changes That Solidify the Strengths Across Their Regions
CompassMSP enhances their "Think Big, Act Local" approach to service with new leadership roles designed to bring the company together while increasing client value at a local level. - February 24, 2021 - CompassMSP
IBMTV to Feature H.S.H Prince Michael of Liechtenstein
IBMTV will feature H.S.H. Prince Michael of Liechtenstein to discuss the Future of Finance of Swiss Impact exclusively for the IBMTV Network. - February 19, 2021 - IBMTV
Shufti Pro’s Reveals That Global Identity Fraud Increased 3.36% in 2020
Shufti Pro, a worldwide KYC and AML service provider empowered with cutting edge AI, recently published its 2020 Global Identity Fraud Report which unveiled that identity fraud increased by 3.36% in 2020. According to the report, account takeovers and identity thefts are the most common types of... - February 17, 2021 - Shufti Pro
Kyle Hall Appointed Vice Chairman, ETA Technology Committee
The Electronic Transaction Association (ETA) appoints Kyle Hall as Co-Chairman of the ETA Technology Committee. Hall is poised to develop thought leadership around current and emerging payments technologies. He and the committee will continue to create resources for merchants and other ETA members... - February 16, 2021 - PayKings
Survey: How Much Americans Pay to Prepare and File Their Taxes
The IRS estimates that 70% of Americans qualify for free tax filing, but our latest survey found that only 25% filed for free. Furthermore, 58% spent $50 or more to file their taxes. - February 15, 2021 - The College Investor
iGrad and Grand Valley State University Provide Financial Literacy Education to TRIO Students
Grand Valley State University and iGrad partner to provide college students with interactive financial literacy education. - February 15, 2021 - iGrad
Sundie Seefried Ends Career as CEO of Partner Colorado Credit Union to Lead New Cannabis Company
Sundie Seefried Chooses to End Career as CEO of Partner Colorado to Lead New Cannabis Company - February 12, 2021 - Partner Colorado Credit Union
Meadows Bank Total Loans Increase 24.4% and Deposits Increase 20.8%
Meadows Bank, headquartered in Las Vegas, NV, today released its year-end 12/31/2020 unaudited financials. The most notable numbers for the period were Total Loans and Total Deposits. Total Loans as of December 31, 2020 were $1.0 billion, a 24.4% growth or $196.7 million over loans outstanding at... - February 09, 2021 - Meadows Bank
Spektral Investment Bank to Acquire Shares of BTCBAM
Spektral Investment Bank, a recently founded investment bank with 800 million EU paid in kind capital that is composed of exclusive licenses of pharmaceutical drug patents and valuated mining licenses have concluded an acquisition deal with BtcBam team, a renowned software company that owns 7... - February 09, 2021 - Spektral Investment Bank
CompassMSP Announces Expansion Into New England and a New CEO
CompassMSP marks their next phase of growth, acquiring IT Direct, an IT services company headquartered in Hartford, CT while also announcing IT Direct Founder and CEO, Ari Santiago, as CEO for the expanded organization. - February 08, 2021 - CompassMSP
Spencer Savings Bank Announces Results of 2021 Annual Meeting, Welcomes New Board Members
Spencer Savings Bank, a leading New Jersey-based community bank, announced that its 2021 Annual Meeting was held on Thursday, January 21, 2021. At the meeting, Peter J. Hayes was re-elected to the bank’s Board of Directors, for a term of three years. The bank also welcomed two new board... - February 07, 2021 - Spencer Savings Bank
Strong Growth Drives SkySparc to Fifth "Gazelle" Award
SkySparc, an independent solutions provider, has been recognized for the fifth time as one of Sweden’s fastest growing companies by Dagens Industri, the leading financial newspaper. - February 04, 2021 - SkySparc
BDA Advises Kim Dental on US$24M Series B Capital Raise Led by Asia Impact Investor ABC World Asia
BDA Partners is pleased to announce that its client, Kim Dental, Vietnam’s largest private dental care platform, has raised US$24m in Series B round. The investment was led by ABC World Asia, a PE fund dedicated to impact investing across Asia, seeded by Temasek. Proceeds from the round,... - February 03, 2021 - BDA Partners Ltd
Medivest Celebrates 25 Years in Business with the Unveiling of a New Logo and Website
Medivest Benefit Advisors, Inc. (“Medivest”), a leader in Medicare Secondary Payer (MSP) services and settlement planning, proudly announces its 25th year in business. In celebration of this milestone, Medivest is debuting a new company logo and website today. Medivest’s new logo... - February 01, 2021 - Medivest
Tennessee Credit Union League Partners with LemonadeLXP to Help Credit Unions Upskill Remote and On-Site Staff
The Tennessee Credit Union League has partnered with LemonadeLXP, the learning experience and digital adoption platform for credit unions, to help its member organizations upskill staff and improve their member experiences. - February 01, 2021 - LemonadeLXP
Cal Coast Partners with Trust & Will to Offer Members Easy, Affordable Estate Planning
California Coast Credit Union partners with Trust and Will to offer its members easy and affordable estate planning. - January 30, 2021 - California Coast Credit Union
Spencer Savings Bank Appoints Kinga Mikos to Vice President, Director of Retail Administration
Spencer Savings Bank is pleased to announce the promotion of Kinga Mikos to the position of Vice President and Director of Retail Administration. Mikos will be responsible for leading and managing the Deposit Operations and Retail Service departments at the bank. Mikos brings over two decades of... - January 29, 2021 - Spencer Savings Bank
The Ether-1 Network, a Cheaper Alternative to Ethereum, Takes Step Into DeFi Universe as Team Unveils Plan to Deploy Uniswap Clone & Begin On-Boarding DeFI Projects
The team behind core development at Ether-1 just announced plans to deploy a Uniswap clone and will begin on-boarding decentralized finance projects onto the network. This comes at a much needed time in the Ethereum universe as gas prices and transaction fees skyrocket making the Ethereum network... - January 28, 2021 - Ether-1
DekaBank Enters Multi-Year Partnership with SkySparc
SkySparc, an independent solutions provider, has entered into a multi-year master agreement to provide Wallstreet Suite (WSS) services to DekaBank, the centralized asset management service provider for Germany’s Sparkassen public savings banks. - January 27, 2021 - SkySparc
iGrad Launches Debt Letter Initiative as Part of Student Financial Wellness Program
Dickinson College becomes the first school to use iGrad's new student loan debt letter service in conjunction with the interactive student financial wellness platform. - January 26, 2021 - iGrad
Honda Federal Credit Union Partners with iGrad to Offer the Enrich Financial Wellness Platform to Its Nearly 70,000 Members
Honda Federal Credit Union will integrate iGrad's interactive Enrich financial wellness platform into offering for all credit union members. - January 25, 2021 - iGrad
The Danos Group Launch the 2021 Charity Challenge and Partnership with Leadership Through Sport & Business (LTSB), Social Mobility Charity
The leading specialist recruitment firm, the Danos Group, is pleased to announce an exciting partnership with Leadership Through Sport & Business (LTSB), a social mobility charity that prepares and supports bright young people from disadvantaged backgrounds into meaningful roles within Business... - January 23, 2021 - Danos Group
Kevin Sarney Joins Charles River CFO to Lead Life Sciences Practice
Charles River CFO, Inc. (CRCFO), a provider of part-time and interim CFO and accounting services, today announced Kevin Sarney has joined the leadership team as the Life Sciences Practice Leader and CFO. With over 20 years of experience in public and private life sciences companies, Kevin will lead... - January 21, 2021 - Charles River CFO
MarketDesk to Host Extended FactEntry Trial of Their Evaluated Price Service (EVP)
MarketDesk, the revolutionary market data sales channel, announced today it will host an extended 30-day free trial of the FactEntry Evaluated Price Service (EVP) for new customers. The FactEntry trial of its Evaluated Price Service (EVP) is available through the MarketDesk platform. With... - January 21, 2021 - MarketDesk
Eltropy, SWBC Join Forces to Offer Text Payments
Partnership Will Provide First-Ever Enterprise-Wide Text Payments Solution Designed Specifically for Credit Unions - January 17, 2021 - Eltropy
NAFA Welcomes 2021 Board of Directors
Board Grows as New Electees Look to Drive Engagement through Continued Innovation and Annuity Leadership - January 16, 2021 - NAFA, National Association for Fixed Annuities
ALSEGO’s New Automated AML Reporting Solution for Luxembourgish Banks
ALSEGO's new AML Reporting solution for financial institutions in Luxembourg concerned with the CSSF's CEDRS. - January 16, 2021 - ALSEGO
Miller Architects & Builders Starts Construction on Liberty Bank Minnesota Branch Bank in Big Lake, Minnesota
Liberty Bank Minnesota opening a new branch back in Big Lake, Minnesota in the Spring of 2021. Miller Architects & Builders is providing architectural and construction services. - January 15, 2021 - Miller Architects & Builders
Private Placement Markets Has Begun Offering Its "EquityLock Commercial Value Protection Plans"
Private Placement Markets today announced that its popular Commercial Real Estate Equity Protection plans are again available. - January 14, 2021 - Steve Muehler
Residence Clubs International, Inc. Announces $50 Million Investment from Alfie Best, Chairman of Wyldecrest Parks
Residence Clubs International, Inc. CEO Craig Williamson is pleased to announce the sale of a portion of ResClubs® to British businessman and philanthropist Alfie Best. With the ResClubs’ innovative program patent pending, mobile app partnership with Hudini and infinitWiFi, and its one-year beta test with live members completed in 2020, the company now has its capital partner in place and is moving ahead with its expansion. - January 13, 2021 - ResClub
LemonadeLXP and PlainsCapital Bank Win Bronze for Advance in Gaming Technology at Brandon Hall Group Awards
LemonadeLXP, the learning experience and digital adoption platform for financial institutions, and PlainsCapital Bank have won Bronze for Best Advance in Gaming or Simulation Technology at the 2020 Brandon Hall Group Excellence in Technology Awards. “The vision for LemonadeLXP was to morph... - January 09, 2021 - LemonadeLXP
Accomplished Retail & SME Lending Professional, Jayaraman V. Joins Praxis Advisory Network
Praxis Global Alliance, the global management consulting and advisory firm is pleased to announce that after a career of over two decades across various businesses in financial services, Jayaraman V. has joined as a Practice Leader in the Financial Services – Retail lending Practice. His vast... - January 08, 2021 - Praxis Global Alliance
The College Investor Ranks the Top Tax Software of 2021
2020 was a strange year for Americans, and the economic turmoil may yield some tough surprises at tax time. Fewer people than ever will have “simple” tax returns. That could lead to difficult tax filing and unexpected “upgrades” that require filers to pay extra. This year, more than ever, there is no "one-size-fits-all" for the best tax software. - January 04, 2021 - The College Investor
Private Placement Markets to Begin Offering SBA Loan Products in January 2021
Steve Muehler, Founder and President of Private Placement Markets, announced that the Firm will expand its Real Estate and Business Loan Operations by adding SBA Loan Products in January of 2021. - December 31, 2020 - Steve Muehler
TruDecision Appoints Auto Finance Veteran David Knightly to the Role of Chief Revenue Officer
TruDecision, Inc. (TruDecision) announced today that David Knightly, a seasoned auto finance executive, will assume the role of Chief Revenue Officer. TruDecision, a fintech company providing sophisticated analytic solutions to consumer lenders, has experienced significant growth over the last year... - December 30, 2020 - TruDecision Inc.
BDA Advises Platinum Equity on Sale of Compart to Shanghai Wanye
BDA Partners is pleased to announce that it advised Platinum Equity on the sale of Compart Systems (“Compart”) to Shanghai Wanye Enterprises (“Wanye”), an investor with over US$1bn assets, for an enterprise value of US$398m. BDA Partners was the exclusive financial advisor... - December 22, 2020 - BDA Partners Ltd
ASC Arranges $12.59 Million for Multifamily LIHTC Portfolio in Florida
American Street Capital (“ASC”) announced today that it has arranged $12.59 million in permanent loans for the acquisition of two LIHTC multifamily communities located in Florida. The first of the two deals include a $6,963,000 permanent loan for the acquisition of a 144-unit LIHTC... - December 19, 2020 - American Street Capital
Trillium Capital Resources Arranges $27 Million Financing for Two Multifamily Properties and a $37 Million Multifamily with HUD
Trillium Capital Resources, LLC is pleased to announce the successful closing of two new multifamily properties and the successful repricing of a $37 million HUD loan through the A7 program. Palm Bay Grand Apartments, located in Melbourne, FL contains 166 units and was financed with a $21 million... - December 19, 2020 - Trillium Capital Resources
OnPay Solutions Partners with MetaViewer to Enable Supplier Payments Automation for Their Clients
OnPay Solutions has partnered with MetaViewer to expand its solutions suite to enable payments automation for future and existing clients. “This partnership brings together two powerful solutions to provide an automated, state-of-the-art procure-to-payment workflow,” said Nick Sprau, CEO and Chief Marketing Officer at Metafile Information Systems. “OnPay and MetaViewer together will help elevate accounts payable departments to become efficient, competitive and best-in-class." - December 19, 2020 - OnPay Solutions
Spencer Savings Bank Supports Mental Health Initiatives, Donates $7,500 to CBH Care
Spencer Savings Bank recently made a $7,500 donation to CBH Care, in support of mental health services in its community. The nonprofit organization is a leader in behavioral health care services for New Jersey and Bergen County, offering compassionate and mental health services to thousands in... - December 19, 2020 - Spencer Savings Bank
BDA Advises Hyosung on the Sale of Hyosung Capital to ST Leaders
BDA Partners is pleased to announce that its client, Hyosung Corporation (“Hyosung”), has sold Hyosung Capital to ST Leaders Private Equity, an emerging Korean financial sponsor. Hyosung Capital is the specialized credit finance unit of Hyosung, focused on leasing and rental businesses... - December 18, 2020 - BDA Partners Ltd