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.
$23 Million Secured for Refinance of "Hudson Heights" Multifamily Property in Union City
Brad Domenico, Partner at Progress Capital negotiated $23,353,000 for the refinance of a newly constructed high-rise apartment building located at 115-129 37th Street in Union City, NJ. The 10-story property, also known as “Hudson Heights,” is comprised of 96 high-end residential... - June 16, 2019 - Progress Capital
Wescom Financial Services and Simplicity Life Partner for Insurance Services
Strategic partnership between Wescom Financial Services and Simplicity Life formed to enhance insurance offering and increase sales opportunities. - June 15, 2019 - Simplicity Life
American Merchant Brokers Has Developed Credit Card Processing for CBD Oil/Hemp Industry Companies
Solutions to Your CBD Oil/Hemp Payment Processing Problems - June 12, 2019 - American Merchant Brokers
SkySparc Announces Partnership Agreement with Murex
SkySparc, an independent solutions provider, entered into a partnership in March with Murex, a global industry leader in trading, risk management and processing solutions for capital markets and treasury. - June 11, 2019 - SkySparc
Homeland Security Foundation of America (HSFA) to Host Financial Literacy Conference in Atlanta
Homeland Security Foundation of America (HSFA) announces it will host the 2nd Annual Financial Literacy and Small Business Awards Conference this month in Atlanta, Georgia. - June 11, 2019 - Homeland Security Foundation of America
Century Debt Solutions, Inc. Achieves the Consumer Services Award for the 4th Consecutive Year
Century Debt Solutions, Inc., a premier debt collection agency located in Woodland Hills, California was recognized for the 4th consecutive year for delivering outstanding customer service and its commitment to protecting creditor rights by taking a results-driven but ethical approach to debt... - June 10, 2019 - Century Debt Solutions Inc.
Jose B. Guerrero, Chairman, President and CEO of Spencer Savings Bank, Honored as Grand Marshal of the 2019 Garfield Memorial Day Parade
Memorial Day is a time to reflect and remember those who died while serving in the American armed forces. Jose B. Guerrero, Chairman, President and CEO of Spencer Savings Bank, was recently honored as the Grand Marshal of the 2019 Garfield Memorial Day Parade. A team of Spencer employees, family and friends came out to celebrate, remember and honor those who served our great nation. - June 10, 2019 - Spencer Savings Bank
TAG Expands Into New York City with New Office Location
The demand for Family Bill Pay services prompts TAG to sign an office lease in order to accommodate new sales and existing clients in that region. - June 07, 2019 - TAG
OnPoint Community Credit Union Partners with iGrad to Offer the Enrich Financial Wellness Platform
OnPoint Community Credit Union is making the award-winning Enrich financial wellness platform available to its nearly 370,000 members. - June 06, 2019 - iGrad
SkySparc Invests in Patch Upgrade as-a-Service with New Head
SkySparc, an independent solutions provider, has appointed former TradeTech Consulting executive Torbjörn Pejer to guide the future development of Patch Upgrade as-a-Service, the firm’s highly successful structured upgrade practice. - June 05, 2019 - SkySparc
Equiant Adds to Customer Service Team -- Bradford Beverlin New Director of Client Experience
Equiant, a Scottsdale, Ariz.-based accounts receivable servicing provider, is again expanding its customer service team to better tailor its offerings to each client's individual needs. Bradford Beverlin has an extensive background in technology, portfolio management, and resort operations, making him uniquely suited to his new role as Director of Client Experience. - June 04, 2019 - Equiant
Irshad Akhtar Joins Heliocor the Emerging RegTech Restoring Trust in Financial Services
Heliocor is pleased to announce that Irshad Akhtar has joined Heliocor as Finance Director. In addition to his financial and risk responsibilities, he will be working closely with Managing Director, Vikas Tripathi, to bring Heliocor’s world class compliance solutions to the Middle East and... - June 02, 2019 - Heliocor
New Investment Supports SkySparc Growth Strategy
SkySparc, an independent solutions provider, has entered into an agreement for a strategic investment by Bragnum Invest to support the firm’s growth strategy. Under the terms of the transaction, existing SkySparc owners and staff will remain significant shareholders in the company. - May 29, 2019 - SkySparc
Tunisian American Wall Street Executive Sofien Bennaceur, Candidate for President of Tunisia 2020
Tunisian American Sofien Bennaceur, 2020 presidential candidate for Tunisia, is backed by major Wall Street influential firms and lobbies. Sofien Bennaceur, who is considered an influential person, is a conservative in terms of fiscal policy. He supports major reforms on opening up Tunisia to new... - May 28, 2019 - Sofien Bennaceur
BDA Advises Hwa Sung Cosmetics on Sale to Affirma Capital/SCPE
BDA Partners is pleased to announce that its client, the founder of Hwa Sung Cosmetics (“Hwa Sung”), has agreed to divest a controlling equity stake in Hwa Sung to Affirma Capital, formerly known as Standard Chartered Private Equity (“SCPE”). The value of the transaction is... - May 24, 2019 - BDA Partners Ltd
Strong 2018 Performance Positions SkySparc for Future Growth
SkySparc, an independent solutions provider, has confirmed another successful year of revenue and profit growth in 2018, built on strong demand in its core business areas and continued investment in service quality. - May 23, 2019 - SkySparc
Nepal SBI Bank Partners with Khalti Digital Wallet to Facilitate E-Banking Users for Digital Payments
Nepal SBI Bank Limited (NSBL) has signed an agreement with Khalti to facilitate its e-banking users for digital payments. With this partnership, NSBL customers across Nepal can now avail all digital payments facilities available at Khalti and pay directly via their bank account using Nepal SBI Bank e-Banking services. NSBL customers don’t need to load funds in Khalti wallet to make online payments. - May 23, 2019 - Khalti Digital Wallet
National Credit Partners Helps Small Business Owners Who Are Overwhelmed with High Interest Debt
Small business owners are increasingly turning to alternative online financing as a fast way to keep their business afloat - although this money is easy to obtain, the interest rates are astronomical and the terms often predatory. That is where National Credit Partners steps in to help the over extended business owners. - May 22, 2019 - National Credit Partners
Primary Vision Debuts New Video Detailing Their Innovative Frac Spread Count
Primary Vision, a leading distributor of data on hydraulic fracturing activity in the United States, has debuted a new visual detailing their Frac Spread Count system, which provides valuable insights and analytics for oil and gas industry professionals and investors – watch here. The latest... - May 22, 2019 - Primary Vision
Derek Bell's State Farm Agency, Serving the Tri-Lakes Community, Has Received the Company’s Prestigious President’s Club Award for the Second Year in a Row
The President's Club award is the most highly recognized honor amongst State Farm agents and exemplifies extraordinary achievement which challenges even the most successful agents. In 2018 Derek Bell's State Farm Agency finished #41 out of more than 19,000 agencies in the U.S. - May 22, 2019 - Derek Bell Insurance & Financial Services, Inc.
FinTech School Partners with the Government of Bermuda to Make FinTech Education Accessible to Bermudian Citizens
With the mission of making FinTech education accessible, FinTech School has partnered with the Government of Bermuda to launch an online program where any citizen of Bermuda will be able to access FinTech courses developed by FinTech School. FinTech School really appreciates the vision of the... - May 21, 2019 - FinTech School
RPA Names Rob Mangano Director – Client Relations
Deep public sector retirement plan experience and commitment make for a strong match - May 18, 2019 - Retirement Plan Advisors
Shadow Financial Systems Expands its Headquarters to Accommodate Continued Growth
ShadowSuite is being adopted by more industry participants and current customers are expanding asset class coverage creating the need to expand the team on all fronts and therefore, the size of corporate headquarters. - May 18, 2019 - Shadow Financial Systems, Inc.
RSLFC Receives A Rating Raise on Portfolio from S&P Global Ratings
S&P Global Ratings has raised the ratings on student loan portfolio where RSLFC is the master servicer and administrator. - May 15, 2019 - iHELP Student Loan/RSLFC
Meadows Bank Reports 12% Total Loan Growth
Meadows Bank, headquartered in Las Vegas, NV, releases First Quarter 2019 Financials. - May 13, 2019 - Meadows Bank
Trust Stamp Expands Leadership Team, Addressing Financial Crime
Artificial Intelligence Powered Identity Authentication Company Names US Marshals Service Senior Inspector and Marine Corps Veteran as Director of Financial Crime Services. - May 09, 2019 - Trust Stamp
Loan Agreement Signed by Legion Finance Trade Limited and Triskata International
The Legion Finance Trade Limited Group; signed a loan agreement in the aggregate amount of up to 897 million Euro with Triskata International for installation of 680MW of power plant. - May 09, 2019 - Legion Finance Trade Limited
New Ownership for Secure Trading Limited, Secure Trading Financial Services Ltd. (t/a Acquiring.com) and Secure Trading Inc. - a New Era Under Tru//ST Payments
Payments group Secure Trading Limited (STL), Secure Trading Financial Services Ltd. (STFS) (t/a Acquiring.com) and Secure Trading Inc. (STI) (the “Group”), a leading provider of omnichannel payment processing and business solutions in Europe and North America, announces new ownership beginning today. - May 09, 2019 - Secure Trading
Nonprofit Lender BCL of Texas Appoints David Brennan as New Board Chair
Local non-profit economic development organization Business and Community Lenders (BCL) of Texas has appointed David Brennan of Waco, TX, as its new Board of Directors Chair. This designation comes as BCL’s retiring Chair, Andres Garza, Jr., is honored with the prestigious designation of... - May 08, 2019 - BCL of Texas
SkySparc Strengthens Murex Practice with Technical Lead
SkySparc, an independent solutions provider, has hired Markus Linke, a senior Murex consultant with almost two decades’ experience, to deepen the expertise of its Murex practice. - May 07, 2019 - SkySparc
J.P. Morgan and Bora Payment Systems Debut New Payment Automation Technology
Bora Payment Systems, operating under a strategic collaboration agreement with J.P. Morgan Chase bank will now provide advanced payment processing technology to automate delivery of J.P. Morgan's Single-Use Accounts (SUA) payments. - May 07, 2019 - Bora Payment Systems, LLC
Everitt Lawson Group: UK Interest Rates Will Likely be Kept Steady
Everitt Lawson Group economists say Brexit delay could cause BoE to leave borrowing costs unchanged for most of this year. - May 06, 2019 - Everitt Lawson Group
Free Medicare Basics Seminars Scheduled for May and June 2019
Medicare Basics Education seminar to discuss the who, what, when, how and why of the health care program for retirees and disabled. - May 02, 2019 - Jones Health and Benefits, LLC
Partner Colorado Credit Union Fosters a Culture of Caring Through Leave Sharing Program
Partner Colorado Credit Union now allows employees to donate their paid time off (PTO) to fellow co-workers experiencing a crisis who do not have enough leave time of their own. Also known as leave-sharing, this employer-sponsored program enables a Partner Colorado employee with accrued time off... - May 02, 2019 - Partner Colorado Credit Union
Partner Colorado Credit Union Appoints Doug Fagan President
Sundie Seefried Remains as Chief Executive Officer. - May 02, 2019 - Partner Colorado Credit Union
Brian Mckinney Earns CERTIFIED FINANCIAL PLANNER Certification
Brian McKinney, CFP®, an Associate Financial Planner at Williams Asset Management has been authorized by the Certified Financial Planner Board of Standards (CFP Board) to use the CERTIFIED FINANCIAL PLANNER™ and CFP® certification marks in accordance with CFP Board certification and... - May 02, 2019 - Williams Asset Management
DRB Financial Solutions Closes $50 Million Financing
Multi-year, multi-asset credit facility primes company for accelerated growth in 2019. - May 01, 2019 - DRB Capital
Meadows Bank Named SBA Nevada Lender of the Year
On April 11, 2019, the Nevada District office of the U. S. Small Business Administration (SBA) announced the 2019 Lender Awards, honoring lenders for their commitment to providing critical capital to Nevada’s small businesses in 2018. Meadows Bank is proud to be honored as the SBA Nevada... - April 30, 2019 - Meadows Bank
Spencer Savings Bank Celebrates Financial Literacy Month with Almost 300 Students
Teach Children To Save Day is an opportunity for bankers to demonstrate their commitment to community by teaching young people the value of saving. Spencer Savings Bank recently celebrated Financial Literacy Month with almost 300 students across various schools in New Jersey. Bank employees participated in “Teach Children To Save Day” events and taught fifth and sixth grade students lesson plans on the importance of saving and other money management skills. - April 30, 2019 - Spencer Savings Bank
Partner Colorado Credit Union Announces Record Results with Latest High-Rate CD Promotion
Part of Credit Union’s Ongoing Strategy to Attract & Retain Deposits. - April 28, 2019 - Partner Colorado Credit Union
Partner Colorado Foundation Announces Record $500K Fund
Partner Colorado Credit Union announced today that the Partner Colorado Foundation has reached the $500K mark, a milestone achieved through the generosity of the credit union and its corporate and community partners. The Partner Colorado Foundation, committed to the credit union philosophy of... - April 28, 2019 - Partner Colorado Credit Union
Wayland Pond IV Has Been Promoted to Chief Operating Officer, VirPack
VirPack is pleased to announce that Wayland Pond was promoted to Chief Operating Officer, VirPack. Pond brings a fresh management philosophy and strategic mindset for product development, operations, and corporate ethos. He is uniquely suited to step into this role to help VirPack add additional value to lender business operations. - April 26, 2019 - VirPack
Khalti Digital Wallet in Nepal Gets License from Central Bank to Operate as Payment Service Provider
Nepal Rastra Bank, the central bank of Nepal, has provided Khalti, a Payment Service Provider (PSP) license under its "Payment and Settlement Bylaw 2072" for Wallet Services through telecommunication technology and internet. Along with digital payment services, now Khalti will also... - April 26, 2019 - Khalti Digital Wallet
IASG Fund Services LLC ("IASG-FS") Launches to Promote a Highly Disruptive Fund Administration Software to CTAs, CPOs and Other Alternative Managers
Institutional Advisory Services Group or IASG, a service provider to alternative managers for 25 years, is launching a new division, IASG Fund Services. This company will promote Seamless Solutions, an innovative and disruptive software developed by Sudrania LLC. The platform can service CTAs, CPOs, hedge funds, private equity sponsors, real estate investment companies, family offices and mutual funds. - April 25, 2019 - IASG Fund Services LLC
Findlay Nicolson – China Needs More Stimulus
Findlay Nicolson analysts warn that China’s economy needs ongoing stimulus measures to stabilize. - April 24, 2019 - Findlay Nicolson
Credit Benchmark Announces Craig Broderick Head of New Advisory Board
Credit Benchmark, the leader in consensus credit data and analytics, announced the establishment of a new advisory board led by Craig Broderick, former chief risk officer (CRO) of Goldman Sachs & Co. Mr. Broderick retired from Goldman Sachs in January 2018 after 32 years, having served as CRO... - April 24, 2019 - Credit Benchmark
iGrad Receives Pension & Investments Eddy Award for Enrich™ Financial Wellness Platform
iGrad recently was recognized with a Pension & Investments Eddy Award for its Enrich™ financial wellness platform. iGrad was honored along with Virginia Retirement System (VRS), an independent state agency that offers the Enrich platform to its 700,000 members. iGrad and VRS received the... - April 24, 2019 - iGrad
Findlay Nicolson - Global Economic Rebound Unlikely in 2019
Findlay Nicolson economists say rapid global economic expansion is likely a thing of the past. - April 17, 2019 - Findlay Nicolson
Fountainhead Commercial Capital Names Vratanina Senior Vice President
Fountainhead Commercial Capital today announced that Jeffrey J. Vratanina has joined the company as senior vice president of capital markets. Fountainhead specializes in SBA 504 loans for commercial real estate and low loan-to-value conventional real estate loans while also offering SBA 7(a) loans... - April 17, 2019 - Fountainhead Commercial Capital
ProgressSoft Sparks the Interest of Central Banks at the Currency Conference in Dubai
ProgressSoft Corporation concludes a loudly successful inaugurate participation at the Currency Conference, bringing its Blockchain-based Central Bank Digital Currency to more than 70 central banks this past week in Dubai, UAE. The premier conference gathered a circa of 400 participants including... - April 17, 2019 - ProgressSoft Corporation