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.
United Capital Announces Completion of an $8 Million Purchase Order Finance Facility
Entity looking for a finance solution to replace a previous lender that was not capable of keeping up with the company’s growth. - March 31, 2023 - United Capital Partners
FedNow Cash IP Pool Licensing Program Goes Global: Accelerating P2P and CBDC App Development Worldwide
The FedNow Cash Consortium has announced the global availability of the FedNow Cash IP Pool Licensing Program, aimed at accelerating the development of P2P and CBDC applications. The program offers a wide range of assets and resources to support FinTech developers in creating innovative financial solutions. - March 31, 2023 - FedNow Cash Consortium
Cal Coast Cares Foundation to Award Over $185,000 in Student Scholarships
Application Deadline is April 30, 2023 - March 30, 2023 - California Coast Credit Union
Occams Gets Awarded on the Fortunes America's Most Innovative Companies 2023 List
Occams Advisory Inc. has been awarded on the Fortune list of America’s Most Innovative Companies 2023. This prestigious award is presented by Fortune and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on March 29, 2023, and can... - March 29, 2023 - Occams Advisory
Plexus Financial Services Teams Up with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its Over 25,000 Participants
Enrich is used by more than 20,000 employers and more than 300 financial institutions nationwide, with artificial intelligence technology that engages each user with the most relevant content based on financial situation and stage of life. - March 27, 2023 - iGrad
The Effect of Physical and Mental Health on Financial Well-Being
The Institute of Consumer Money Management (ICMM), a nonprofit public charity organization based in North Carolina funded a study to explore the Link between Physical and Mental Health and Financial Well-Being. A new literature review, titled, "Literature Review on the Effect of Physical and... - March 25, 2023 - The Institute of Consumer Money Management
Mars Bank Adds Chief Mortgage Lending Officer
Todd Fletcher joined Mars Bank as Senior Vice President and Chief Mortgage Lending Officer. Mr. Fletcher brings nearly 30 years’ experience in mortgage origination and sales management. He will manage the bank’s mortgage lending team. - March 23, 2023 - Mars Bank
A-Team Group Names Winners of Innovation Awards 2023
A-Team Group has named the winners of its prestigious Innovation Awards 2023. - March 23, 2023 - A-Team Group
Coastal Community Credit Union Teams Up with iGrad to Offer Personalized Financial Wellness Program
Enrich is one of the only financial wellness programs to offer a global product that allows multinational employers to implement one consistent, highly personalized financial wellness solution for employees in different countries. - March 20, 2023 - iGrad
Emerald Creek Capital Lends $60.5 Million on New Condo Development in Long Island City
Emerald Creek Capital has provided a $60.5 million bridge loan in the Long Island City neighborhood of Queens, NY. The loan is secured by 84 condominium units totaling 71,519 square feet, primarily penthouses or located on the upper floors of a newly constructed 67-story tower. The building is the tallest skyscraper in Long Island City and offers amenities such as a fitness center, indoor swimming pool, and business center. - March 19, 2023 - Emerald Creek Capital
Regions Bank Acquisition of Sabal Capital Opens Up Hotel and Multifamily Financing Nationwide
The Capital Playbook Podcast Show is thrilled to announce the premiere of its latest episode, "Regions Bank Acquisition of Sabal Capital Opens Up Hotel and Multifamily Financing Nationwide," on Thursday, March 16, 2023, at 11:00 AM CST. This episode features special guest Austin Barrett, who joins the show to share some exciting news with the nationwide lending community. - March 16, 2023 - Pioneer Realty Capital
Synthetic Training Data from GenRocket Enables Highly Accurate Machine Learning Models for Anomaly Detection
New intelligent data generators for the GenRocket Test Data Automation platform make it possible to generate billions of rows of synthetic training data with precise control over the volume, variety and the output format required to accurately train machine learning models. - March 16, 2023 - GenRocket, Inc.
BDA Announces Senior Tech Banker Hire for Greater China
BDA Partners is pleased to announce that Jeff Chen has joined as a Managing Director and Head of Technology, Greater China, based in Hong Kong. Jeff will expand and deepen BDA’s origination and coverage of the Tech sector in Asia. Jeff has almost 20 years’ experience advising on... - March 15, 2023 - BDA Partners Ltd
Unitus Community Credit Union Teams Up with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its more than 100,000 Members
Enrich is used by more than 20,000 employers and more than 300 financial institutions nationwide, with artificial intelligence technology that engages each user with the most relevant content based on financial situation and stage of life. - March 14, 2023 - iGrad
Using Credit Unions to Finance Commercial Real Estate Episode 37 Capital Playbook
The Capital Playbook Podcast Show is excited to announce the premiere of their latest episode, "Using Credit Unions to Finance Commercial Real Estate," featuring special guest Luke Smith, AVP/Commercial Loan Officer at CU Business Group. The show premiered on Thursday, March 9, 2023, at... - March 10, 2023 - Pioneer Realty Capital
Skyward Credit Union Announces New Vice President of Operations
Amanda Tate has been promoted to Vice President of Operations for Skyward Credit Union. Amanda joined the staff at Skyward Credit Union in 2010 as a teller and has grown with the credit union to the positions of Member Service Leader and Supervisor. She is also the BSA officer. - March 09, 2023 - Skyward Credit Union
Best Financial Services Websites to be Named by Web Marketing Association in 27th Annual WebAward Competition
Enter and win Best Financial Services Website in the 27th WebAward competition for Website Development. This acclaimed award program, with 86 industry categories, including banking, credit unions, investments, mutual funds and financial services, recognizes the achievements of Web professionals all over the world. Winners get a handsome trophy, a limited-edition NFT, a great marketing opportunity, a potential career boost and unlimited bragging rights. - March 06, 2023 - Web Marketing Association
Merchants Bancard Network Earns Top Honors for Their Best Cash Discount Program for March 2023 by topcreditcardprocessors.com
topcreditcardprocessors.com, an independent authority on merchant services vendors, has named Merchants Bancard Network as the leader in cash discount programs for March 2023. - March 06, 2023 - topseos.com
A-Team Group Names Winners of TradingTech Insight Awards – Europe 2023
A-Team Group announced the winners of its acclaimed TradingTech Insight (TTI) Awards today. - February 28, 2023 - A-Team Group
Concord Servicing Announces New Partnership with Home Run Financing
Concord Servicing is pleased to announce that it will become the loan servicing provider for Home Run Financing, a lender offering innovative home improvement financing solutions for residents in more than 830 communities across California, Missouri and Florida. The company will provide complete loan servicing and reporting for the entire Home Run Financing loan portfolio, powered by Concord’s leading technology platform. - February 27, 2023 - Concord Servicing
University of North Georgia Launches iGrad Student Financial Literacy Platform
Research shows that student financial literacy programs can decrease financial stress, improve academic performance, and teach students how to manage their finances for a lifetime. - February 24, 2023 - iGrad
Carolina Community Impact Helps 26 Businesses Receive Over $150,000 in 0% Interest Loans
CCI’s Central Carolina KivaHub launched as an alternative lending solution for CCI’s demographic base. CCI offers non-banked small business loans up to $250,000 to small business owners who can provide a business plan with proof of concept, in addition to providing financial documentation and showing creditworthiness. Most of these loans are funded within two weeks of successfully submitting an application and establishing a relationship with CCI’s business counselors. - February 22, 2023 - Carolina Community Impact
Spencer Savings Bank Announces Promotion of Mercedes Pedrick to Senior Vice President and Director of Home Finance
Spencer Savings Bank is pleased to announce the promotion of Mercedes Pedrick to Senior Vice President and Director of Home Finance. Mercedes has assumed leadership of the newly formed Home Finance group, which provides financing on all 1-4 family properties. "We are pleased to announce the... - February 16, 2023 - Spencer Savings Bank
Suracy Insurance Agency Relocates Headquarters to Chagrin Valley in Bainbridge Township
Suracy Insurance Agency (Suracy) announced the relocation of its headquarters from Solon, OH to Bainbridge Township, OH in the Chagrin Valley. This move will allow for enhanced collaboration across teams to support expanding services and brings another business to the Chagrin Valley area. - February 11, 2023 - Suracy Insurance Agency, Inc.
Mars Bank Donates to Karns City Foundation
Mars Bank donated $5,000 to the Karns City Scholastic Foundation (KC Foundation) through the Pennsylvania Department of Community and Economic Development’s Educational Improvement Tax Credit (EITC) program. The KC Foundation is a non-profit education related organization. Its vision is to... - February 11, 2023 - Mars Bank
Davos 2023: PCA Hosts Dialogue on Supply Chain Integration with Amb. Katherine Tai, Microsoft's Brad Smith, Mastercard's Mike Froman, and PCA’s Jonathan Fantini Porter
The World Economic Forum and the Partnership for Central America host Strategic Dialogue with Ambassador Katherine Tai, U.S. Trade Representative; Marisol Argueta, Head, WEF Latin America; Dr. Ilan Goldfajn, President, Inter-American Development Bank; Brad Smith, President, Microsoft; Mike Froman, Vice Chairman, Mastercard; Jonathan Fantini-Porter, Executive Director, The Partnership for Central America; Janio Rosales, Minister of Economy, Guatemala, among others. - February 10, 2023 - Partnership for Central America
2022 Year in Review: a Pivotal Year of Transformation for Concord Servicing
Since the company’s inception more than 30 years ago, Concord Servicing has driven strong loan portfolio performance for customers through their investments in people, innovation, technology, and world-class service. Looking back at key highlights from 2022, it is evident this past year was a... - February 09, 2023 - Concord Servicing
Mountain Pacific Bancorp, Inc. Announces 4th Quarter 2022 Results
Mountain Pacific Bancorp, Inc. (OTC Pink: MPCB) the holding company for Mountain Pacific Bank (the Bank), today announced unaudited financial results for the fourth quarter ended December 31, 2022. Mountain Pacific Bancorp, Inc. consolidated net income before tax of $3.9 million in the fourth... - February 07, 2023 - Mountain Pacific Bancorp
Williams Asset Management Named One of the Largest Wealth Management Companies in the Baltimore Business Journal
Williams Asset Management, a leading wealth management firm located in Columbia, Maryland, has been named one of the Largest Wealth Management Companies in the Baltimore Business Journal. The Baltimore Business Journal’s annual list recognizes the top wealth management companies in the... - February 01, 2023 - Williams Asset Management
Banking & Finance Search Partners Join Recruitment Firm to Help Banking and Lending Institutions
Experts in Banking & Lending, Compliance, and Risk Staffing help banks and lending institutions face challenges in an unstable economic climate by finding highly-qualified industry professionals. - January 28, 2023 - Morisey-Dart Group
Mars Bank Adds Chief Risk Officer
Travis Squyres joined Mars Bank as Senior Vice President and Chief Risk Officer. Mr. Squyres brings over twenty-five years of diverse auditing experience. He is a Certified Internal Auditor (CIA) and Certified Fraud Examiner (CFE). Mr. Squyres earned a BSBA degree in Accounting at Slippery Rock University. He will oversee compliance and risk management activities for the bank. - January 26, 2023 - Mars Bank
Digital Asset Research (DAR) Examines FTX Warning Signs and the Future of Crypto Exchange Diligence
DAR shares diligence introspection on its interactions with FTX and risks associated with crypto exchanges. - January 24, 2023 - Digital Asset Research
BDA Partners Advises Synokem Pharma on Strategic Growth Investment from TA Associates
BDA Partners is pleased to announce that its client, Synokem Pharmaceuticals Ltd, has received a strategic growth investment from TA Associates. Synokem is a fast-growing, India-based CDMO (contract development and manufacturing organization) with R&D capabilities, manufacturing finished... - January 19, 2023 - BDA Partners Ltd
TruDecision Announces the Launch of TruDec AE to Deliver Powerful Attributes That Boost the Predictive Power of Lender’s Models
TruDecision announced today the launch of their credit attribute engine TruDec AE. The engine integrates application, loan structure, credit bureau and alternative data to provide lenders the next generation of modeling attributes. The product is calibrated for all credit bureau formats and allows... - January 19, 2023 - TruDecision Inc.
University Lending Group Announces Pamela Bousquet as Executive Vice-President and National Production Manager
University Lending Group (ULG), a division of University Bank, NMLS #715685, based in Michigan, is doing business as a retail mortgage lender throughout the U.S. University Lending Group continues to offer superior service on its mortgage retail services by focusing on providing specialized... - January 19, 2023 - University Lending Group
UFirst CU Becomes First Jersey Sponsor of La Roca FC
La Roca Futbol Club chooses Utah-based credit union to sponsor jerseys. - January 17, 2023 - La Roca Futbol Club
Be Prepared: Equiant’s Back-Up Servicing Plans Ensure Continuity of Payments
When Hurricane Ian struck Florida in September, it served as a powerful reminder of the need to have disaster plans in place. For those who process receivables, an important part of being prepared for anything is to have a back-up servicing plan in place in case your own personnel or primary... - January 10, 2023 - Equiant
The Mortgage Calculator Launches Self Pricing Engine so Investors Can Price DSCR Loans
Investors can now price their own loans with the DSCR Loan Calculator from The Mortgage Calculator. Investors can also tune in to see live rates every day. - January 10, 2023 - The Mortgage Calculator
MDN Group Announces Pre-M&A Advisory Services
MDN Group, a leading independent investment banking advisory company specialising in mergers and acquisitions and strategic advice, has recently introduced a new service to its portfolio: Pre-M&A Advisory. This preliminary stage project is retainer-based and explores the possibility of an M&A transaction. It usually takes about two months and a written confirmation is provided of the interest in the M&A deal. - January 10, 2023 - MDN Group
Spencer Savings Bank Welcomes New Board Director
Spencer Savings Bank recently announced the appointment of Michael Fasano to its board of directors. Fasano joins Spencer Savings Bank, one of New Jersey’s strongest community banks, to support the bank in providing consumers, business owners and community organizations the best that... - January 07, 2023 - Spencer Savings Bank
B.E.S.T. CE Courses Updated for 2023
As a premier insurance and financial CE provider, B.E.S.T. assist professionals in meeting their mandatory CE requirements, increase their knowledge and competency by providing up-to-date and effective courses. - January 06, 2023 - Broker Educational Sales & Training, Inc.
ExpoNovum Introduces Payment, Corporate Banking, and APM Services
Financial technology company ExpoNovum has announced the launch of its payment, corporate banking, and APM (automated payment machine) services. The platform allows for transactions using various payment methods and offers business account management, cash management, and trade finance services. - January 04, 2023 - ExpoNovum
Spencer Savings Bank Receives New Jersey Bankers Association 2022 Community Service Award
Spencer Savings Bank is proud to announce that the team has been honored with the New Jersey Bankers Association 2022 Community Service Award. The award recognizes companies that exhibit outstanding efforts in improving the lives of New Jersey citizens and the communities in which they... - December 23, 2022 - Spencer Savings Bank
BDA Advises Lavazza on Sale of India Business and Partnership with Everstone-Backed Culinary Brands
BDA Partners is pleased to announce that its client, Lavazza Group, has decided to partner with Everstone to fuel its growth in the India market. Lavazza has also granted Fresh and Honest an exclusive license for the premium Lavazza coffee brand in India. BDA Partners acted as exclusive financial... - December 22, 2022 - BDA Partners Ltd
BDA Advises The Smart Cube on Sale to WNS
BDA Partners is pleased to announce that its client The Smart Cube has been acquired by WNS Holdings Ltd (NYSE: WNS). The Smart Cube is a leading, platform-driven research & analytics (R&A) solutions provider focused on procurement, supply chain, sales and marketing functions. It serves... - December 20, 2022 - BDA Partners Ltd
BDA Advises Doosan on Sale of Enpure to Skion Water
BDA Partners is pleased to announce that its client, Doosan Enerbility (“Doosan”), has sold the assets of UK-based Doosan Enpure (“Enpure”) to SKion Water, the German-based family office of entrepreneur Suzanne Klatten, whose family built BMW and Altana. SKion Water focuses... - December 16, 2022 - BDA Partners Ltd
Partners Federal Credit Union Teams Up with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its 163,000 Members
Enrich is used by more than 20,000 employers and more than 300 financial institutions nationwide, with artificial intelligence technology that engages each user with the most relevant content based on financial situation and stage of life. - December 16, 2022 - iGrad
Bet on Gaming Holdings, LLC Launches Brick & Mortar Casino Fund
Bet on Gaming Holdings, LLC (“BOGH”), a private-owned minority and Minority Business Enterprise (MBE) certified gaming and entertainment company, announced today that it has launched an investment fund to participate in the New York Downstate Casino bid as well as other upcoming brick... - December 14, 2022 - Bet On Gaming Holdings, LLC
JKS Financial Continues Growth, Partnership in Pittsburgh Community
Expansion to support additional client services in Pittsburgh area - December 07, 2022 - JKS Financial
Mirae Asset Securities (USA) Inc. Appointed as Fully Disclosed Clearing Broker for Cboe’s New U.S. Treasuries Trading Platform
Mirae Asset Securities (USA) Inc. today announced it will serve as the fully disclosed clearing broker of Cboe Global Markets’ new U.S. Treasuries trading platform. As a DTCC Fixed Income Clearing Corporation (FICC) member, Mirae will help ensure anonymity on the platform, with all trades on... - December 05, 2022 - Mirae Asset Securities (USA) Inc