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.
Eltropy Closes 2019 as a Preferred Text Messaging Solution for Credit Unions – Affirms Commitment to the Credit Union Movement
Eltropy, a text messaging-based platform that enables credit unions to communicate with members via text, announced it experienced a 1,200% growth in credit union clientele in 2019. Contracts included credit unions spanning across a variety sizes: $1B+ AUM Credit Unions = 30% $100M – $1B... - January 15, 2020 - Eltropy
Industry Gathers to Discuss Scaling-Up Financial Inclusion
The Greater Sub-Mekong Region is in the midst of a coordinated push towards financial inclusion. In Myanmar, adults with access to at least one formal financial product increased from 30% in 2014 to 48% in 2018, surpassing the initial 2020 targets of 40%. Current figures on formal financial... - January 15, 2020 - Magenta Global Pte Ltd
FTMarkets Trading Platform Has Officially Launched in Vietnam
Now Vietnamese people can use FTMarkets to download applications and conduct foreign exchange transactions. - January 10, 2020 - FTMarkets
BitRoyal Starts New Year 2020 with More Exciting User Experience
Continuing its commitment to improve customer experience, BitRoyal is focusing on making changes to their platform and went live with its first set of changes. BitRoyal is perhaps the only platform still allowing buy/sell crypto with zero commission. - January 09, 2020 - BitRoyal Ltd.
Gaylan Hendricks and Dan Hendricks, Senior Security Benefits, Inc. – Resolution of Litigation
Gaylan Hendricks, the founder and CEO of Senior Security Benefits, Inc. (“SSBI”), along with her husband and President of SSBI, Dan Hendricks, are pleased to announce the conclusion of what has turned out to be a rather lengthy “business divorce” with the late Don Corley, Jr. - January 08, 2020 - Senior Security Benefits, Inc.
The College Investor Highlights the Best Free Tax Software of 2020
While most tax software companies advertise free tax software, the reality is that most people don’t qualify for the free tier. However, the annoying part is most consumers don’t discover they don’t qualify until they’ve spent 30-45 minutes entering their information, only to be told that “this scenario requires an upgrade to Deluxe or Premier” versions - for a fee. The College Investor analyzes all the major tax software programs to find which ones offer the most robust free file options. - January 06, 2020 - The College Investor
The College Investor Ranks the Best Tax Software of 2020
The College Investor, one of the most read personal finance websites, reaching over 3 million people per month, has come out with their 2020 comprehensive guide to The Best Tax Software for consumers. This year includes best free file, best software for investors, and more. - January 02, 2020 - The College Investor
The Palm Beach Hedge Fund Association Announces a Partnership with the Palm Beach Symphony
The Palm Beach Hedge Fund Association (PBHFA.org) and the Palm Beach Symphony have announced a partnership, creating opportunities for members to experience one of South Florida’s major cultural institutions during this landmark season that has seen record-breaking ticket sales and unprecedented donor enthusiasm and support. - December 29, 2019 - Palm Beach Hedge Fund Association
American First National Bank Opens Henderson, Nevada Office
Well known community bank American First National Bank expands its operations to include Henderson, NV. This will allow the Asian-American bank to expand the banking and lending services offered to the communities of Henderson and Boulder City. Branch Management looks forward to volunteering in the community, working closely with the Henderson Chamber of Commerce, and developing and expanding business and consumer relationships. - December 27, 2019 - American First National Bank
1 Year After Historic Shutdown, Balanced Bridge Continues to Offer Government Contract Advances
In light of the 1-year anniversary of the 2018 federal government shutdown, Balanced Bridge Funding wants to remind companies and independent contractors with federal government contracts that they offer financing on their pending payments. - December 22, 2019 - Balanced Bridge Funding
Melissa Levin Insurance Reveals What Medicare-for-All Won't Cover
Medicare for All has become a huge talking point for the 2020 presidential candidates. But don't let the name fool you; not everything is covered. Long Term Care is a type of insurance that is essential given the rise in healthcare costs. Set up a free consultation with Melissa to discover your options regarding long term care. - December 19, 2019 - Melissa Levin Insurance
Shackelford Law Firm Hires Three Attorneys for Affordable Housing Team
Dallas-based law firm Shackelford, Bowen, McKinley & Norton, LLP, has added three attorneys to its affordable housing team. Donald Cunningham, Jr. will head up their new Baton Rouge, Louisiana office. Kara Hargrove and Esther Lee will work in Dallas. Mr. Cunningham has vast legal expertise in... - December 19, 2019 - Shackelford, Bowen, McKinley & Norton, LLP
Eltropy Takes Florida Credit Union Live to Enhance Communication During the Mortgage Origination Process
FCU - One of the Largest Credit Unions in Florida with $1B+ Assets - December 15, 2019 - Eltropy
SolarCraft Completes Solar Power System at Petaluma Public Storage - North Bay Storage Facility Goes Solar and Saves on Energy Bills
Novato and Sonoma based SolarCraft, a leading North Bay solar installer for over 35 years, recently completed the installation of an 85 kW DC solar system at Petaluma Public Storage in Petaluma, CA. This new photovoltaic solar system will save them over $25,500 annually on utility bills, powering their facility with clean, renewable solar electricity for decades to come. - December 13, 2019 - SolarCraft
TAG Bill Pay Named Finalist for PAM Awards 2020
Recognizing top service providers in the private asset management space - December 13, 2019 - TAG
Miami/Memphis Advisory Groups Announce Merger
MAS Advisors, LLC, a Miami investment advisory firm, has announced the completion of the merger of the business and operations of Memphis-based Wealth Strategies Group, Inc. (WSG), which will operate as a Division of MAS Advisors. WSG will be led by Charles Auerbach, who has deep experience in the... - December 13, 2019 - MAS Advisors, LLC
Lamine Zarrad of Joust Accepted Into Forbes Finance Council
Forbes Finance Council is an Invitation-Only Community for Executives in Accounting, Financial Planning, Wealth and Asset Management, and Investment Firms. - December 12, 2019 - Joust
Ahorros Latinos Expands Palm Beach Team
Ahorros Latinos, www.ahorroslatinos.com, the Latin America Financial Division of California Pacific Bank, today announced that Karen Chamorro has joined the firm's Palm Beach office as a senior vice president and relationship manager. - December 11, 2019 - Ahorros Latinos
TAG Bill Pay Shortlisted for the 2020 Family Wealth Report Awards
Awards showcase the best in the industry with categories focused on experts, products and services for wealth managers, high-net-worth clients and financial institutions. - December 08, 2019 - TAG
Eltropy Chosen to Improve Collection Response Rates for UNIFY Financial Credit Union
UNIFY Financial Credit Union - One of the Largest Credit Unions in the US with $3B+ - December 07, 2019 - Eltropy
Facing AML & Human Trafficking at the Source: Announcing a Partnership Between NominoData and the Newly Formed Anti-Human Trafficking Intelligence Initiative
Financial institutions can play a leadership role at the local and national level in assisting law enforcement to track money laundering and potential human trafficking hot spots. By tracking deposit and account data transactions, FIs can pinpoint suspicious activity within networks and potential human trafficking as relates to the banking industry and law enforcement industries. - December 06, 2019 - NominoData LLC
A-Team Group Names Winners of 2019 Data Management Insight Awards
A-Team Group announced the winners of its 2019 Data Management Insight Awards at a well-attended ceremony at Merchant Taylors’ Hall today. - December 06, 2019 - A-Team Group
New i4cp Study Shows High-Performance Organizations Are 11x More Likely to Focus on Cultural Synergies During Acquisitions
Culture is always blamed when an acquisition fails. So why don't companies pay more attention to it upfront? - December 04, 2019 - Institute for Corporate Productivity (i4cp)
Prospect Financial Group, Inc. Visits United Wholesale Mortgage
Prospect Financial Group, Inc., a leader in the mortgage refinance industry, is excited to announce its loan officers’ recent visit to United Wholesale Mortgage headquarters for continuing education. As part of their loan officer training, Prospect Financial has begun sending new officers to... - December 04, 2019 - Prospect Home Finance
S-PRO is Recognized as a Top Fintech Software Development Company by Clutch
S-PRO has been named a Top Financial Services Custom Software Development Company by Clutch and appeared on the list of the financial industry leaders. - December 03, 2019 - S-PRO
TRU//ST Payments / acquiring.com Announce Plans for SiGMA Gaming Conference
acquiring.com to exhibit at the SiGMA Gaming Conference in Malta from the 27 to 29 of November and host networking drinks on November 28 at Tiffany’s bar at marina in Portomaso. - November 28, 2019 - TRU//ST Payments
BitRoyal Announces Massive Offers to Make Crypto Trading Attractive for All
Ahead of Thanksgiving, BitRoyal is all geared up to ensure its users make full use of its trading platform. Besides providing globally accessible crypto-currency exchange, a best-in-class platform for its growing community of partners and budding traders to enable the trading of digital assets, the exchange is now focusing to improve operational efficiency. - November 21, 2019 - BitRoyal Ltd.
Eltropy Improves Loan Process Times & Security for SELCO, Third-Largest Oregon Credit Union, with $1.6B in Assets
Eltropy, a text messaging-based platform that enables credit unions to communicate with members via text, announces that Oregon-based SELCO Community Credit Union is adopting its leading solution. SELCO is using Eltropy to send and receive encrypted documents, confirm scheduled meetings, remind... - November 21, 2019 - Eltropy
A-Team RegTech Summit Emphasises Urgency of Efficient, Enterprise-Wide Compliance
Speakers underline the need for collaboration to ensure RegTech growth and innovation. A-Team Group’s RegTech Summit returned to New York on November 14, 2019 with an excellent turnout of over 230 practitioners, regulators, start-ups and solution providers all keen to explore how the... - November 17, 2019 - A-Team Group
Bay Equity Finds New Kentucky Home with Century Mortgage
Bay Equity Home Loans is expanding into the Mid-South Region, with nine branches and 55 loan originators in Kentucky, Tennessee and Indiana. - November 15, 2019 - Bay Equity Home Loans
iGrad and Wellable 2020 Employee Financial Wellness Report Reveals Older Workers and Millennials Struggling Most
The financial wellness of U.S. employees is precarious, especially among millennials and those nearing retirement age, according to the new 2020 Employee Financial Wellness Report by iGrad and Wellable. - November 13, 2019 - iGrad
Eltropy Delivers Quick, Impactful Results for ICCU - One of the Largest Credit Unions in the US with $4B+ Assets
Eltropy, a text messaging-based platform that enables credit unions to communicate with members via text, announces that Idaho Central Credit Union (ICCU) is adopting its leading solution. ICCU is using Eltropy to facilitate texting with members, verify member identity over text, promote engagement... - November 13, 2019 - Eltropy
Meadows Bank Net Income Up 21%
Meadows Bank, headquartered in Las Vegas, NV, announced today that it posted Net Income After Tax of $13,739,900 in the first nine months of 2019 which was 21% higher than the $11,368,000 it earned during the same period in 2018. At September 30, 2019, the bank had Total Loans of $817.8 million... - November 07, 2019 - Meadows Bank
Verve Global Card Launches 1st International Transaction in New York, USA
Verve in partnership with Discover Global Network, launched the Verve Global card with its first transaction in New York, USA. This will be the first payment card of African origin to be accepted internationally. Verve Global card is now accepted in over 190 countries wherever the Discover, Diners Club International, Pulse and Verve logos are displayed. - November 06, 2019 - Verve
Bank of Clovis Partners with iGrad for Financial Wellness Education
Bank of Clovis, a state-chartered bank in Clovis, N.M., recently partnered with the San Diego-based company iGrad to offer its members financial wellness education. - November 05, 2019 - iGrad
Best Online Newsletters to be Named by Web Marketing Association
The Best Online Newsletters in 86 industries will be recognized as part of the 18th annual Internet Advertising Competition (IAC) Awards. Companies or agencies wishing to nominate their email newsletters for consideration may do so at www.IACAward.org before the deadline of January 31, 2020. - November 05, 2019 - Web Marketing Association
American Business Brokers Named to MWCN Utah 100
American Business Brokers Named to MountainWest Capital Network’s Annual Utah 100 List of State’s Fastest-Growing Companies. - October 31, 2019 - American Business Brokers
Sound Payments Expands Solutions to Support Branch Automation
Branch Automation and Online and Mobile Banking Solutions Allow for Easy Integration - October 30, 2019 - Sound Payments
The Quantum Resistant Ledger (QRL) Foundation Announces a Research Arm to Continue Its Advancement of Post-Quantum Cryptographic Standards
The Quantum Resistant Ledger (QRL) Foundation, creator of the world’s leading quantum-secure blockchain network and digital asset platform, is continuing to pioneer in the field by seeking up to 4 post-quantum cryptographers for research grants as part of its newly formed research initiative. This announcement comes on the tail of Google’s quantum supremacy achievement, which further confirms the need for a transition towards quantum-secure cryptography in many technological domains. - October 25, 2019 - The QRL Foundation
KaZee Turns to Small Tennessee Bank for Cash Infusion to Fuel Rapid Growth
In just two weeks, Memphis-based Paragon approved a million-dollar line of credit. - October 24, 2019 - KaZee Inc.
Hedge Fund Lab Launches Its Startup Fund Accelerator
A dedicated accelerator program to support early-stage portfolio managers. - October 23, 2019 - Hedge Fund Lab
iGrad Partners with Dot Foods to Provide Financial Wellness Education to 2,500 Employees
Dot Foods rolled out Enrich's white label financial wellness platform in June, calling it “Money Matters” and promoting it to 2,500 headquarter employees via social media, company intranet, emails, direct mail and more. More than 300 employees have already started participating. - October 22, 2019 - iGrad
Crowdz and SnapCheck Team Up to Rethink Invoices and Disrupt Business Payments
Crowdz is speeding up cashflow with an automated solution that helps businesses thrive. Invoices are at the heart of everything small and mid-sized enterprises do. They impact hiring, buying products and growth. Every day spent waiting to receive a receivable is a missed opportunity. Crowdz's goal... - October 21, 2019 - SnapCheck
Nectar Personal Loans a Viable Alternative to Expensive Credit Card Debt, Company Says
The steep interest rates on credit cards can undermine their convenience, and personal loans with lower rates should be considered an attractive option to consolidate credit card debt, according to Nectar. One of New Zealand’s leading online loan companies, Nectar believes that using a... - October 17, 2019 - Nectar Finance
Spencer Savings Bank Partners with Habitat for Humanity to Provide “Hand Up” to Community Members Looking to Achieve Home Ownership Dreams, Donates $6,500
Spencer Savings Bank recently partnered with Habitat for Humanity to help provide a “Hand Up” to community members looking to achieve their home ownership dreams. The organization is dedicated to improving the lives and communities by providing decent and affordable homes for... - October 17, 2019 - Spencer Savings Bank
Santa Clara University Announces Partnership and Relationship Center Opening with University Credit Union
University Credit Union partners with Santa Clara University. - October 15, 2019 - University Credit Union
Florida Association of ACOs Announces Strategic Partnership with Best Card
FLAACOs continues to lead a healthcare revolution through Best Card’s payment tools. - October 15, 2019 - Florida Association of ACOs
Spencer Savings Bank Welcomes New Business Development Officers, Grows Retail Business Development Team
Spencer Savings Bank, a community bank headquartered in northern N.J., recently announced the expansion of its Retail Bank’s Business Development group. The bank recently hired two new business development officers, Daniel Murphy and Anthony Axtmann, to meet the growing demands of the... - October 15, 2019 - Spencer Savings Bank
Anthony Montesano to Speak at Future of Financial Services Panel
Cboe VP of Market Structure to join other industry leaders at Inspirant Group Insights L!ve event. - October 12, 2019 - Inspirant Group, Inc.
Gregg Pierce, Managing Director of GCP Fund, Shares His Views on Recent Spike in Commercial Hard Money Lending
At a recent event, Gregg Pierce, Managing Director of GCP Fund, commented on recent developments in the hard money loans market. - October 11, 2019 - Global Capital Partners Fund LLC