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.
Spencer Savings Bank Hosts Hygiene For Humanity Drive for Needy Community Members
Spencer Savings Bank recently hosted a Hygiene for Humanity drive where almost 100 items were collected for the nonprofit Eva’s Village in Paterson, N.J. To comply with social distancing rules and everyone’s safety, the drive was hosted virtually through an Amazon Wish List. Employees... - September 17, 2020 - Spencer Savings Bank
Private Placement Markets Pursue Opportunity Zone Projects & Businesses
Steve Muehler today announced that all 32-Market Segments of the Private Placement Markets will Pursue Opportunity Zone Projects & Ventures throughout the United States. - September 16, 2020 - Steve Muehler
California Coast Credit Union Partners with iGrad to Offer Enrich Financial Wellness Platform
California Coast Credit Union has partnered with San Diego-based financial education company iGrad to make the award-winning Enrich™ financial wellness platform available to its nearly 200,000 members. Enrich is used by more than 20,000 employers and more than 300 financial institutions... - September 14, 2020 - iGrad
iGrad Partners with Columbia University to Combat Student Loan Crisis with AI-Powered Student Financial Wellness Platform
Leading financial wellness company iGrad has partnered with Columbia University to provide a customized, interactive online and mobile financial wellness platform to the private Ivy League university’s students. - September 12, 2020 - iGrad
Canidium Continues to Pioneer Their Leading SAP Customer Experience Training
Canidium, SAP Customer Experience’s 2020 Partner of the Year, and the undisputed leader in their suite of legacy Callidus products (Commissions, CPQ, and Insurance ICM) and SAP Analytics Cloud, has recently completed a new iteration of their SAP training program, lead by the Learning Program Management Office. The latest improvements address functional additions and technology changes related to products being migrated and integrated to run on SAP’s HANA database platform. - September 11, 2020 - Canidium
OnPay Solutions Announces Chief Technology Officer
OnPay Solutions has appointed Jonathan Beckham as its Chief Technology Officer. Jonathan joins the OnPay Solutions team with more than 20 years of experience in software development, project management and software services technology strategy. He most recently served as Chief Information Officer for Step Up for Students, a Forbes 50 non-profit that distributes more than $700 million in education scholarships annually. - September 10, 2020 - OnPay Solutions
Private Placement Markets Private Has Opened Its Loan Servicing Department
Steve Muehler today announced that Private Placement Markets has opened its Private Note Servicing Division. - September 10, 2020 - Steve Muehler
Payments Risk & Fraud Consortium Appoints New Executive Director
Industry Veteran Rebekka Rea selected to be Executive/Managing Director. - September 09, 2020 - Payments Risk & Fraud Consortium
Canaccord Genuity Capital Markets UK & Europe Division Signs Three Year Contract Extension with Contemi Solutions
Contemi Solutions, the global supplier of modular technology solutions to asset & wealth management, insurance and capital markets, has bolstered its relationship with Canaccord Genuity Group’s UK & Europe capital markets business, through the signing of a three-year contract... - September 03, 2020 - Contemi Solutions
Carisk Partners Launches Intelligent Clearinghouse Website Update
Carisk Partners is excited to announce the release of the newly redesigned Carisk Intelligent Clearinghouse (CiC) website. Acting as the bridge between providers and the payers, the CiC website ensures complete bills are electronically passed timely and accurately from providers to payers in a... - September 01, 2020 - Carisk Partners
Medcom Benefit Solutions Integrates Enrich Financial Wellness Platform Into Consumer-Driven Health Plan Portfolio
Medcom Benefit Solutions is offering Enrich Financial Wellness to help participants better understand consumer-driven health plans, including Health Reimbursement Arrangements (HRA) and Health Savings Accounts (HSA), while improving overall financial health. - September 01, 2020 - iGrad
KryptAll Provides Accountants with Secure Calling
Accountants are obligated to pay closer attention to confidentiality than the average business. KryptAll provides secure calling to stay compliant. - September 01, 2020 - KryptAll
Canidium, Sales Performance Management (SPM) and Configure, Price, Quote (CPQ) Leader, Appears on the Inc. 5000 for the Sixth Time
Inc. magazine recently revealed Canidium on its annual Inc. 5000 list, with a three-year revenue growth of 89%. This is Canidium’s sixth time appearing on the Inc. 5000 list, with previous appearances in 2013-2017. Despite the negative effects of COVID-19 on nearly all industries, Canidium also had the highest number of bookings in their history during Q2 of 2020. - August 26, 2020 - Canidium
Credit Union 1 Partners with iGrad to Offer Enrich Financial Wellness Platform
Credit Union 1 launches the Enrich financial wellness platform to its credit union members, offering them a hyper-personalized interactive educational experience. - August 20, 2020 - iGrad
IOA Launches the First Fully Integrated Quote Comparison and Buy Platform in the Nation
SimplyIOA Now Allows Users to Compare Quotes and Purchase Home and Auto Insurance Completely Online - August 20, 2020 - Insurance Office of America
Equiant Selected as Back-Up Servicer and Custodian for Westgate Resorts’ Recent Securitization of $275 Million in Timeshare Loans
Equiant, a Chandler, Arizona-based loan servicer and financial technology provider, has been selected to provide back-up servicing and document custody services for the July securitization of $275 million in timeshare loans by Westgate Resorts, an Orlando-based timeshare resort developer and... - August 10, 2020 - Equiant
NAFA Warns of Adverse Consequences from DOL’s Proposed Class Exemption
Comment Letter Seeks Relief for Insurance Professionals - August 08, 2020 - NAFA, National Association for Fixed Annuities
Meadows Bank Total Assets Reach $1 Billion
Meadows Bank, headquartered in Las Vegas, NV, announced today that it had reached $1.1 billion in Total Assets as of June 30, 2020. Total Equity Capital also grew 17% to $126.8 million. At June 30, 2020, the bank had Total Loans of $994.6 million which represented a 25% growth or $195.9 million... - August 06, 2020 - Meadows Bank
Vouchr Delivers Personalized P2P Money Transfers for Liberty Bank Customers
Allowing mobile app users to express themselves through customizable content - August 06, 2020 - Vouchr
BitRoyal Exchange is Back with a Big Announcement
Indian Digital Currency is at the peak during COVID-19 and BitRoyal Exchange, an authentic US-based cryptocurrency exchange proudly announced that they are launching soon in India with a lot of additional features. Accomplishing a wide market in the US, BitRoyal’s arrival in India is making the Indian audience more curious. Here is what the CEO of BitRoyal has to say about their launching in India and about the platform. - August 05, 2020 - BitRoyal Ltd.
Mutual of Omaha Offers EAP Customers Financial Wellness Resources Through iGrad's Enrich™
Mutual of Omaha is now offering an interactive financial wellness platform to employees at client organizations. - July 30, 2020 - iGrad
RBR Global Sales Offers Cash Advances for Small Business Relief
RBR Global Sales offers cash advance programs for small US businesses hard hit by the effects of the COVID-19 pandemic. The cash advances will be provided to all operational small businesses based on their business potential and future revenue, not solely based on credit score. Businesses with $100K in annual revenue and 1+ years of operation are eligible to apply for these advances. Business owners in need of financing can apply online in minutes by visiting the official website. - July 28, 2020 - RBR Global Sales
National Credit Partners Launches COVID-19 Recovery Initiative to Help Struggling Businesses
National Credit Partners (NCP), a financial firm specializing in business debt relief, announced that its in-house counsel has launched a new campaign to help struggling business owners recover from the COVID-19 pandemic, which has had an unprecedented impact on businesses across the... - July 27, 2020 - National Credit Partners
Bitfury’s Crystal to Assist the Ukrainian Ministry of Digital Transformation
Crystal Blockchain is proud to collaborate with the Ministry of Digital Transformation, Ukraine’s committee for digital transformation to introduce financial monitoring for virtual assets. - July 26, 2020 - Crystal Blockchain
Infinite Block Tech Announces Expansion of Its White Label Solutions for Various Crypto Exchanges
Infinite Block Tech, an industry-leading company in the realm of blockchain and cryptocurrency development, offers a multitude of services in the respective fields. The US-based company is particularly known for and has earned a name for itself with the exclusive white label crypto exchange... - July 24, 2020 - Infinite Block Tech
Ameritas Now Offering Enrich Financial Wellness Program to Employees
Ameritas is now offering an interactive financial wellness platform to empower employees. - July 21, 2020 - iGrad
XinFin Network Secures Ex-SWIFT Corporate & Trade Head Andre Casterman as an Advisor
XinFin Network, the digital asset infrastructure powering working capital platforms, financial institutions - announced today that it has secured exSWIFT Corporate & Trade head Andre Casterman as an advisor. Acting as a collaborative technology provider, XinFin brings tokenization technology to... - July 18, 2020 - XinFin Fintech Pte. Ltd.
iGrad Partners with Florida International University to Provide AI-Powered Student Financial Wellness Platform
Florida International University (FIU) partners with iGrad to offer interactive financial literacy education to its 58,000 college students. - July 16, 2020 - iGrad
CloudCodes, a CASB Player, Announces Its New Version with More Security Controls
CloudCodes updated its feature with more security control to support web applications and apply control policies. This new feature will ensure customers to supervise and resolve security breach issues. - July 16, 2020 - CloudCodes Software Private Limited
Michael Terence Publishing Announce the Release of The Journey of REGTECH by Vivek Dubey, Dr. Awadhesh Pratap Singh, Rakesh Sonar and Anindya Mohanty
Michael Terence Publishing is excited to announce the release of "The Journey of REGTECH," authored by Vivek Dubey and co-authored by Dr. Awadhesh Pratap Singh, Rakesh Sonar and Anindya Mohanty. - July 12, 2020 - Michael Terence Publishing
Regulating the Moving Target of Insurtech Through One of the Worst Credit Crises in Modern Times
Leading software specialist ELEKS invites insurance industry experts to air their views at July’s Insurance TechTalk. - July 08, 2020 - ELEKS
Flexure Accounting Announces Rebrand, Website Launch and the Flexure Foundations(TM) Program
Flexure(TM), a business financial planning Firm in Sedro-Woolley, WA, announces its launch of the Flexure Foundations(TM) Program and newly designed website. - July 06, 2020 - Flexure
B2Brazil and Bexs Banco Enter Partnership That Benefits More Than 150,000 SMEs in Brazil and Abroad
Agreement between leading B2B trade portal in Brazil and main international online payment bank in Brazil aims to promote foreign exchange solutions for B2Brazil’s members. - July 02, 2020 - B2Brazil.com
Equiant’s Backup Servicing Plans Provide Assurance - Disaster, Data Security and Business Continuity Plans Included in Equiant Solutions
Whether businesses service their own portfolio or rely on an outside loan servicer, having back up servicing in place should be part of any business continuity or disaster plan. Equiant offers customized back-up servicing solutions, ranging from “hot,” “warm” or “cold” servicing, which denotes the time required for Equiant to assume the duties of a primary servicer. - June 30, 2020 - Equiant
The BSC Group Closes $31 Million Acquisition Financing Package Despite Pandemic Lending Market Volatility
The BSC Group, a Chicago based self-storage and commercial real estate financing advisor, has closed a $31MM CMBS loan for the acquisition of an 8 property self-storage portfolio located in Memphis, TN. The portfolio is comprised of roughly 3,500 units and totaling 490,000 square feet of net... - June 30, 2020 - The BSC Group, LLC
Entech Launches Anovaa, a Unified Digital Loan Origination Platform and Originate(TM) Turn-Key Loan Outsourcing
Smart technology delivers 40% boost in loan processing speed and efficiency. - June 26, 2020 - Anovaa
BJC HealthCare Now Offering Award-Winning Enrich Financial Wellness Program to Employees
BJC HealthCare, one of the largest nonprofit healthcare organizations in the U.S., is offering personalized financial wellness education from Enrich to its 31,000 employees. - June 25, 2020 - iGrad
Spencer Savings Bank is Pleased to Announce the Promotion of Anthony Niciejewski to Vice President, Market Manager
Spencer Savings Bank is pleased to announce the promotion of Anthony Niciejewski to the position of Vice President, Market Manager. In his new role, Niciejewski will lead the overall success of the bank’s Essex and Morris county teams - specifically in the Lyndhurst, Nutley, North Caldwell... - June 21, 2020 - Spencer Savings Bank
¡VamosPay! in Partnership with FreshDirect and the Office of the Bronx Borough President Deliver 200 Boxes of Food to Families in Need During COVID-19
Alternative financial services company, ¡VamosPay!, today hosted its local community initiative at Monroe College in support of local Bronx families that have been affected by the devastating COVID-19 crisis. In partnership with FreshDirect and the Office of the Bronx Borough President,... - June 21, 2020 - ¡VamosPay!
MarketDesk Partners with FactEntry to Offer a Unique Suite of Global Fixed Income Product Data
MarketDesk partners with FactEntry to bring its global Fixed Income reference data, bond pricing, analytics and data solution to the MarketDesk financial content distribution platform. - June 20, 2020 - MarketDesk
The Palm Beach Hedge Fund Association Forms a Strategic Partnership with Echo Fine Properties
The Palm Beach Hedge Fund Association is pleased to announce a strategic partnership with Echo Fine Properties. With a history of leading luxury real estate sales in Palm Beach County, Echo Fine Properties is uniquely suited to assist the hedge fund and financial community migrating to the region. - June 18, 2020 - Palm Beach Hedge Fund Association
Donna L. Perkins Celebrated as a Woman of the Month for June 2020 by P.O.W.E.R. (Professional Organization of Women of Excellence Recognized)
Donna L. Perkins of North Kansas City, Missouri has been celebrated as a Woman of the Month for June 2020 by P.O.W.E.R. (Professional Organization of Women of Excellence Recognized) for her outstanding contributions and achievements for over 30 years in the field of finance. Each month P.O.W.E.R. - June 17, 2020 - P.O.W.E.R. Professional Organization of Women of Excellence Recognized
Steadfast Launches Time Synchronization Service to Assist Trading Broker-Dealer and Firm Compliance with SEC Rule 613 CAT NMS
Steadfast, a cloud and managed infrastructure company with more than 20 years of hosting financial service organizations, has launched a new time-synchronization-as-a-service (TSaaS) that provides the infrastructure, software, and GPS/GNSS antenna systems to perform accurate timestamping in... - June 16, 2020 - Steadfast
Choice and Transparency Comes to Borrowers in South Africa with the Launch of CompareLoans.co.za
In a first for South Africa, CompareLoans brings unparalleled transparency around interest rates, fees and terms in the personal finance market. - June 11, 2020 - CompareLoans.co.za
MAS Advisors, LLC Acquires Insurance Agency, Synergy Life Brokerage Group
MAS Advisors, LLC, a Miami based investment advisory firm, through its Principal and Managing Member, Ricardo R. Calderon, has acquired Synergy Life Brokerage Group, LLC. Its founder, Robert Stuchiner, will continue to provide his guidance and expertise as the agency continues to grow. - June 04, 2020 - MAS Advisors, LLC
“What to Do About Slow Payments, Higher Risks, and Accelerating Rates of Customer Default” Webinar is Presented by WCA
The economy has suffered greatly as a result of COVID-19. We will all be dealing with slower than normal customer payments, higher risk accounts and the real potential for customer default. Recovery may take a very long time. During this program, WCA will discuss: - Tips for effective collecting... - June 02, 2020 - WCA/BCMA
eMudhra Adds Soft & Net Solutions to Their Growing Partner Network in the Americas
eMudhra, a global digital enabler and a premier provider of AI based Analytics and Cybersecurity solutions for education, banking, insurance, and manufacturing sectors in the Americas, has successful signed up Soft & Net Solutions - an authorized Certifying Authority in Peru - as a partner. - May 31, 2020 - eMudhra Inc.
Crescent Lenders Funds $1,150,000 Real Estate Refinance Deal for Property That Leases to Cannabis Shop
Crescent Lenders, a private money lending business located in Los Angeles, California, recently closed a refinance deal on a commercial office building located in Del Rey Oaks, California. The collateral is a two-story 5,870 square foot building on a 10,500 square foot lot (with ample parking) and... - May 29, 2020 - Crescent Lenders
Xiir Study Reveals Who Tackles Compliance Oversight Best
Xiir Study Reveals Who Tackles Compliance Oversight Best. A recent study at compliance oversight factors demonstrates that small financial institutions are outperforming their larger peers across the Asia-Pacific region and Europe. - May 29, 2020 - Xiir
Pesapal Achieves Oracle Validated Integration with Oracle Hospitality OPERA Property Management System
This industry first integration to Oracle Hospitality OPERA ensures that availability and pricing is distributed real time to travel agents, hotel websites and major booking online travel agents such as Booking.com, Expedia, and Hotels.com. - May 28, 2020 - Pesapal