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.
CloudCherry Listed in Gartner's 2017 Market Guide for Voice-of-the-Customer Solutions
CloudCherry announces new partnership with Teacher's Credit Union, significant product updates, and being listed by Gartner. - November 17, 2017 - CloudCherry
Radly Bates Index SEP: US Entrepreneurial Activity Increased to Highest Level of 2017
Up until September of 2017, self-employment had peaked at 9.58% in February but that peak has been surpassed by September’s number of 9.67%. The preliminary numbers for October suggest that it could be as high as 9.9% but the October data is subject to adjustment and the RBI is calculated... - November 17, 2017 - S7 Group
SocialPay™ to Partner with On Second Thought to Enhance User Experience
On Second Thought and SocialPay™ partnering to bring delay/recall to peer-to-peer mobile payments. - November 16, 2017 - On Second Thought
IBM Completes POC of Blockchain-Based Shared KYC with Deutsche Bank, HSBC, MUFG and Cargill, IBM Treasuries
IBM (NYSE: IBM) announced the successful completion of the Phase I proof-of-concept (POC) of its Shared Corporate Know Your Customer (KYC) project with Deutsche Bank, HSBC, Mitsubishi UFJ Financial Group (MUFG) and the Treasuries of Cargill, IBM. Through the Shared KYC POC, IBM successfully... - November 15, 2017 - IBM
ColoMiner’s New Sparrow 9 GPU Mining Rig Goes on Sale for the Holidays
ColoMiner Founder Patrick Thach announces ColoMiner’s new Sparrow Mining Rig will be offered at wholesale pricing for the holidays. The Sparrow was released earlier this fall and features 9 Graphic Processing Units (GPUs) used for mining crypto currencies. “We have been building this... - November 15, 2017 - ColoMiner
S&T Bank Selling Majority Ownership of S&T Evergreen Insurance to The Reschini Group
S&T Bank, a full-service financial institution with assets of $7.2 billion, and locations in Pennsylvania, Ohio, and New York, announced today that it is selling majority ownership of S&T Evergreen Insurance (Evergreen) to The Reschini Group (Reschini). Evergreen Insurance will begin independent operation on January 1, 2018 with no change to its locations. - November 15, 2017 - The Reschini Group
Learn Day Trading To Win - New Class Date Added November 21, 2017
A new eight-week All Inclusive Trading Mentorship Program begins. Mentorship is an online trading school allowing the average person to attend lessons from the privacy of their home. Once logged in, they can see the teacher's charts, listen and interact live as he explains all the trading strategies. Classes are designed for new and advanced traders. John Paul, the founder of DayTradeToWin.com, personally teaches each class with lifetime support. - November 15, 2017 - Day Trade To Win
Rivkin Radler Expands Practices in Banking & Tax
In the face of banking deregulation and tax-code overhaul, and in response to the sophisticated needs of our clients in responding to this changing landscape, Rivkin Radler has expanded its practices to include specialized groups in Banking and Tax. The firm has long represented clients in banking... - November 14, 2017 - Rivkin Radler LLP
Credit Benchmark Appoints William Haney as CEO
Credit Benchmark, the leader in bank-sourced credit analytics, has announced the appointment of William Haney as CEO, effective immediately. Mr. Haney will be based in New York. Credit Benchmark co-founder Donal Smith, who has served as CEO since 2016 will return to his role as full-time Executive... - November 14, 2017 - Credit Benchmark
CDD Rule Due Diligence Made Easy with One Click Compliance from NominoData
NominoData has announced a release of an updated version of One Click Compliance with new designs for enabling financial institutions who are struggling to meet the upcoming challenges of the new CDD Rule for Beneficial Ownership and KYC information. - November 14, 2017 - NominoData LLC
Bay Mountain Capital Closes $8.5 Million Loan to Austin Land Developer
In a joint venture with a private debt fund, Bay Mountain Capital recently closed an $8.5 million loan, nearly doubling the previous July record of $4.4 million. The record-setting loan was secured by approximately 150 acres of light industrial land located in Austin, Texas. The borrower plans to... - November 13, 2017 - Bay Mountain Capital
Canada’s Top Financial Advisory Firms Revealed in Latest Industry Report
9 teams have been revealed as the leading advisory firms in the Canadian wealth profession. - November 10, 2017 - Key Media
SAFE Federal Credit Union Hosts Easy Street Dinner in Columbia November 16
The autumn edition of the SAFE Federal Credit Union Easy Street Dinner, to be held in Columbia November 16, will have a distinct New Orleans feel to it. The Mardi Gras masquerade-themed event will be held at the Seawell’s Banquet Facility on Rosewood Drive in Columbia. The dinner is for... - November 08, 2017 - SAFE Federal Credit Union
Meadows Bank 3Q 2017 Earnings
Meadows Bank Net Income Up 34% Meadows Bank, headquartered in Las Vegas, Nevada, released its operating results through the third quarter of 2017 including the following highlights: • Net Income of $3,096,000 in 3Q2017 versus $2,487,000 in 3Q2016 • Year-to-date Net Income of $8,721,000... - November 07, 2017 - Meadows Bank
Mars Bank Wins Bankers Challenge Prize Donated to Community Health Clinic of Butler County
Mars Bank won the 2017 Bankers Challenge Golf Challenge organized by the Butler County Tourism & Convention Bureau. The winning Bank names a charitable organization to receive the winnings from the tournament; Mars Bank represented the Community Health Clinic of Butler County. James V. Dionise,... - November 03, 2017 - Mars Bank
Grass Roots Movement by KELA
KELA by Live Rates Feeds is showing us again and again how they prefer to do things in a bold and innovative manner. - November 03, 2017 - Live Rates Feeds
Nevada Insurance Enrollment Helps Explain the Confusing Changes Coming in 2018 with Obamacare Open Enrollment
Local Las Vegas health insurance agent Shelly Rogers warns Nevadans, "There are huge changes taking place with health insurance options for 2018. Some insurance companies are leaving us, while new insurance companies are coming into Nevada. If you aren’t 100% certain that your insurance company and health insurance plan will be available in 2018, you need to call your insurance company and verify this. Your insurance plan may not be available." - November 01, 2017 - Shelly Rogers, Las Vegas Health Insurance Agent
Trade Finance Capital Now Providing Collateral for International Trade and Project Finance
Many businesses around the world are unable to secure funding for business growth due to lack of Collateral. - November 01, 2017 - Trade Finance Capital
Apparatus Contractor Services Offers Contractors Back Office Support
The new company brings accounting, payroll, administrative, and marketing services to contracting companies that want to start, grow, and scale to their true potential. - October 31, 2017 - Apparatus Contractor Services, LLC
How New Technologies Change the Payments Market in Poland - the Latest Research by Inteliace Research on Payments in Poland Has Just Been Published
"Consumers embrace card and mobile payments in Poland. The total volume of payments is expected to surpass 10 billion within next 5 years," said Marcin Mazurek, director at Inteliace Research, during presentation its latest report - Payments in Poland 2017. - October 29, 2017 - Inteliace Research
Working KnowledgeCSP Awarded International Knowledge Management Consulting Services Contract from The Global Fund to Fight AIDS, Tuberculosis and Malaria
Working KnowledgeCSP (WK), a recognized US and international provider of knowledge management solutions, announced a competitive contract award for Knowledge Management (KM) Consulting Services Contract from The Global Fund to Fight AIDS, Tuberculosis and Malaria, headquartered in Geneva,... - October 27, 2017 - Working Knowledge CSP
SnapCheck Releases Next Generation of Digital Checking Platform
SnapCheck, the leading provider of business payment solutions, today announced the next generation of the SnapCheck Digital Checking Platform. The expanded API supports payments interfaces for partners in key industries including: banking, accounts payable, payroll, insurance, government, and... - October 27, 2017 - SnapCheck
Seylan Tikiri: The Account That Values Every Child
Seylan Tikiri aims to empower children with proper savings knowledge along with other teachings in academic skills and self-development to produce future entrepreneurs. - October 27, 2017 - Seylan Bank PLC
GSF Mortgage Welcomes Team Player in Sunshine State
GSF Mortgage Corporation is pleased to announce the addition of Tim Ferguson as a loan originator to the New Port Richey, Florida branch. A South Florida native, he has established a network with many contacts throughout Florida; he has experience serving customers in every corner of the state and... - October 26, 2017 - GoGSF
A New Start-Up Company Aims to Help Automotive Consumers Receive Refunds for Extended Warranties, Gap Insurance, Maintenance Plans and More
Car Buyers That Have Sold, Traded, Refinanced or Totaled Their Car Within the Last 6 Years Might Just be Owed a Refund. According to MyWarrantyRefund.com, a consumer rights service, tens of millions of dollars in pro-rated warranty refunds go unclaimed every year. - October 25, 2017 - MyWarrantyRefund.com
"Buy The Block" the First Black-Owned Real-Estate Crowd Investing is on Its Way to Millions of Dollars in Funding for Property Development in Black Communities
Lynn, an entrepreneur, is the founder and CEO at Buy The Block. One of few black-owned platforms in the country that are geared towards making investing in real estate as a group easier, the movement is presently on its way to recording massive success in funding for diverse development projects... - October 25, 2017 - Buy The Block
The Independent Authority on Merchant Service Providers, topcreditcardprocessors.com Has Named the Thirty Best High Risk Processing Companies for October 2017
The leading provider of merchant service reviews and ratings, topcreditcardprocessors.com has released their rankings of the best merchant cash advance providers for the month of October 2017. Each month the released rankings are published on the website accounting for the latest developments and... - October 25, 2017 - topseos.com
30 Best High Risk Payment Processing Companies Named in October 2017 by topcreditcardprocessors.com
The independent authority on merchant service providers, topcreditcardprocessors.com, has named the thirty best high risk processing companies for the month of October 2017. Companies included within the rankings assist businesses which are found to be in high risk industries in handling payments... - October 25, 2017 - topseos.com
Best Credit Card Processing Companies Named by topcreditcardprocessors.com for October 2017
The leading provider of merchant service reviews and ratings, topcreditcardprocessors.com, has released their list of the best credit card processing companies for the month of October 2017. The rankings consist of service providers which offer merchants the ability to accept credit card payments... - October 25, 2017 - topseos.com
VerifactoTM, a Leading Provider of Insurance Tracking and Risk Management Company, Announces the Launch of a Collateral Protection Insurance (CPI) Technology
VerifactoTM is excited to announce this new technology empowers auto finance companies, auto dealers, credit unions, and banks to quickly pinpoint customers in default on their insurance and effectively place CPI while compliance is monitored by the software. - October 20, 2017 - Verifacto.com
BDA Advises Chope on Growth Capital Raise
BDA Partners is pleased to announce that its client, Chope, one of Asia’s largest dining discovery and reservations apps, has raised growth capital of SG$18m (US$13m). The investment was led by Square Peg Capital and joined by C31 Ventures and Moelis Australia, as well as existing... - October 18, 2017 - BDA Partners Ltd
GSF Mortgage Names Frank Papaleo as VP of Retail Sales
GSF Mortgage Corporation is proud to name Frank Papaleo as the VP of Retail Sales. He previously served as a regional manager, where he grew much of the East Coast and Southeast region of the United States. His accomplishments include building a reverse mortgage and construction division for the... - October 18, 2017 - GoGSF
American Receivable Corporation Continues Relief Efforts
American Receivable Corporation is continuing relief efforts by offering special rates to businesses affected by Hurricane Harvey and extending those rates to those affected by Hurricane Irma. American Receivable has already aided eight Houston area small businesses in their recovery efforts in the... - October 17, 2017 - American Receivable Corporation
New Legal Software, LawFlare, Illuminates Unknown Client Backgrounds & Makes Jury Selection a Snap
LawFlare’s deep-search algorithm compile this information in minutes, it’s sleek layout makes organizing, documenting and analyzing it all a breeze. Lawyers can quickly combine a candidate’s online data with other critical details, compile jury shortlists, enter win/loss histories for each case and, impressively, use LawFlare’s powerful Advanced Case Analytics to chart and track patterns useful in maintaining win rates. - October 17, 2017 - LawFlare, LLC.
NYU and iGrad to Provide Financial Wellness Education for Diverse Student Population
New York University is empowering their students with invaluable financial wellness guidance via iGrad. - October 17, 2017 - iGrad
Combating Money Laundering and Terrorism Financing Risks by Opus Kinetic Pte Ltd
Opus Kinetic Pte Ltd, a leading training course provider headquartered in Singapore, will be conducting a course on money laundering and terrorism financing risks – Enhanced Assessment on Money Laundering and Terrorism Financing (ML/TF) Risks on 9 – 10 November 2017 in Singapore. This... - October 17, 2017 - Opus Kinetic Pte Ltd
DataPath Inc. Expands Approved Transit Options with UberPOOL Partnership Announcement
DataPath Inc., a leading platform provider for tax-advantaged benefit administration, has announced a partnership with Uber's rideshare service uberPOOL. Beginning on Monday, October 16, DataPath transit account holders will be able to use their benefits debit cards to pay for an... - October 16, 2017 - DataPath
Global Debt Registry Verifies Over $1.5 Billion in Loans
GDR reaffirms role as a leader in online lending with extensive implementation of state-of-the-art digital loan verification services. - October 16, 2017 - Global Debt Registry
SolidTrust Pay Partners with PayKii for Cross-Border Bill Payments
SolidTrust Pay, a global payment processor, and PayKii, the leading provider for Latin American bill payment coverage, have announced that they have signed an agreement to bring cross-border bill payment solutions to the SolidTrust Pay platform. - October 14, 2017 - SolidTrust Pay
Trinity Street Capital Partners Announces the Origination of a Non-Recourse, Commercial Mortgage on a Portfolio of Retail Properties Located in the San Ramon Valley of CA
Trinity Street Capital Partners (TSCP), a full service real estate investment bank, announces the origination of a $29MM first mortgage on a portfolio of un-anchored retail properties located in the San Ramon Valley of California. - October 13, 2017 - Trinity Street Capital Partners
Radly Bates Index Shows Increased US Entrepreneurial Activity in August 2017
In 2017, self employment peaked at 9.58% in February and has been declining but it did move up slightly in August. In August there were 15.15 million self employed Americans and 160.57 million employed Americans resulting in a self employed percentage of 9.44% for July, hence the RBI for August is... - October 13, 2017 - S7 Group
Visionet Leverages Robotic Process Automation (RPA) to Enhance VisiRecording Productivity by 40%
Visionet Systems, Inc. announced the unveiling of their newly enhanced VisiRecording product suite, which synthesizes their industry-leading assignment and release preparation with traditional mortgage recording tracking. A live demonstration of VisiRecording will take place at Booth # 1123 at the... - October 11, 2017 - Visionet Systems
Successful ICO Builds Immediate Profits for Coin Holders
AICoin Management Team Defines Key Factors for Success. AICoin (www.aicoin.io), a new style of investment collective that combines the power of artificial intelligence with the wisdom of the crowd, has successfully closed the subscription period of the Initial Coin Offering raising over $3 million dollars in crypto to back profit generation token. - October 10, 2017 - First Global Credit Ltd.
Global Debt Registry Raises the Bar on Lending Ecosystem Information Security
GDR Successfully completes SOC 1 Type II and SOC 2 Type II Review of Internal Controls and Processes; Continues to Exceed Industry Standards - October 10, 2017 - Global Debt Registry
vCISO Services, LLC Joins Tennessee Bankers Association
Emphasizes Focus on the Banking Market. - October 09, 2017 - vCISO Services
Industry Veteran Launches FinKube to Provide Revolutionary Digital Consumer Lending Platform
FinKube, a new company that provides AI-powered Platform-as-a-Service solutions for consumer lending, announced today that the startup firm has raised over $500,000 with the goal of disrupting and reimagining the consumer lending industry. The firm’s first offering, a new Digital Lending... - October 06, 2017 - FinKube Corp
Marketforce's Webinar: Unlocking the Potential of Blockchain
Blockchain is one of the hottest topics in the financial services industry, yet a recent survey found that 82% of bankers report that they don't understand it. This discussion will demystify how you can unlock its potential, and will showcase best practice, along with strategies for success. - October 06, 2017 - Marketforce
Marketforce's Free Webinar: Preparing for the Rise of Millennial Millionaires
With robo-advice on the rise, wealth managers and private banks will need to work harder than ever before to deliver value to digitally-savvy millennials. Watch this exclusive panel discussion to discover how St James’ Place, Rathbones and LGT plan to adapt. - October 06, 2017 - Marketforce
New HIDTA/HIFCA Data File Released by NominoData Containing Important Designated Area Changes Effecting Nearly 1000 Zip-Codes
NominoData announces the release of the newest version of their HIDTA/HIFCA file. This new release includes 18 changes in the designated HIDTA/HIFCA areas impacting nearly 1000 zip-codes. It is essential that financial institutions obtain this updated file for compliance and risk rating... - October 05, 2017 - NominoData LLC
Exectras Partners Offers Enrich Financial Wellness to Small Businesses
Exectras has partnered with iGrad to offer Enrich Financial Wellness, the innovative financial literacy educational platform, and one of the most requested benefits of 2017. Financial wellness is quickly becoming a “top initiative” for employers. However, for many small businesses (Aon... - October 04, 2017 - iGrad