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 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

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