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.

BDA Advises CSLi on Acquisition of Controlling Stake in Systran S.A.

Business Development Asia ("BDA") is pleased to announce that its client CSLi Co, Ltd (“CSLi”), has acquired a 38.04% stake in Systran SA (“Systran”). CSLi is a Korean provider of language translation software best known for its S-Translator, a translator... - May 27, 2014 - BDA Partners Ltd

The Massachusetts Jump$tart Coalition Presents Educate the Educator Program for Financial Literacy in Conjunction with Fidelity Investments and Boston Federal Reserve

The all-volunteer Massachusetts Jump$tart Coalition, in partnership with Fidelity Investments and the Federal Reserve Bank of Boston, is pleased to offer a content-based teacher training event in the area of personal finance June 25-27. Topics will include Economics and Personal Finances, Spending and Financial Planning, Saving and Investing, Enhancing Your Earning Capacity, Financial Services, Identity Fraud, Manage Credit and Debt and Risk Management and Insurance. There is a nominal fee. - May 24, 2014 - Jump$tart

SWACHA and the Albuquerque FBI Join Forces to Host the 10th Annual Financial Institution Crime Day

New Mexico Ranked 28th In The Country For Fraud Dallas-based SWACHA will team up with the Albuquerque office of the Federal Bureau of Investigation on May 29, 2014 to host the 10th Annual Financial Institution Crime Day to help local banks, credit unions and other financial institutions reduce... - May 24, 2014 - SWACHA

SWACHA Announces NACHA'S The Payments Institute 2014 Scholarship Recipients

SWACHA’s Scholarship Program Has Awarded More Than $130,000 Since Its Inception in 2001. - May 23, 2014 - SWACHA

GSF Mortgage Expands Footprint in Pennsylvania

GSF Mortgage welcomes Keave Slomine as branch manager in Bala Cynwyd, Pennsylvania. Slomine joins GSF Mortgage with over 19 years in real estate services. Slomine is a graduate from the University of Florida with a Bachelor of Science in business management. He started his career as a mortgage... - May 23, 2014 - GoGSF

The Mortgage Bankers Association of Georgia Board Elects J.D. Crowe of Southeast Mortgage of Georgia 2014-2015 President

The Mortgage Bankers Association of Georgia (MBAG) Board of Governors has elected John David, “J.D.,” Crowe, president of Southeast Mortgage of Georgia, Inc., to serve as 2014-2015 President of the association. The MBAG is a trade association comprised of mortgage lenders, brokers and... - May 23, 2014 - Southeast Mortgage

Financial Planning Firm, Speir Financial, Hosts Workshop on Retirement Income: "What Are My Options"

Financial Planning Firm, Speir Financial Services, will hold seminar on Retirement Income “What are my Options” featuring James J Speir, prominent member in the metro Detroit community and founder of Speir Financial Services. Speir will be hosting this event at Ginopolis Bar-B-Q... - May 21, 2014 - Speir Financial

Michigan Retirement Specialists Help Clients Escape Low Earning Certificates of Deposit

Michigan Retirement Specialists, an expert financial planning company in Macomb County, is now offering a comprehensive program to help pre-and post-retirement clients find alternatives to their under performing Certificates of Deposits (CDs). The firm works with hardworking Americans to ensure... - May 21, 2014 - Michigan Retirement Specialists

Axacore Named Top 50 Service Provider by Mortgage Technology Magazine

Axacore Inc., a privately held provider of integrated Electronic Document Management solutions has been named a Top 50 Service Provider for 2014 by Mortgage Technology magazine. - May 20, 2014 - Axacore Inc.

Former Nationstar Senior High Risk Analyst Libby Johnson Launches Due Diligence Consulting Firm in Washington, DC

Newly launched company, High-Risk Analytics, helps investors recover losses from servicing errors. - May 20, 2014 - High-Risk Analytics

Generation X Focuses on Retirement Planning, But Fears Missing Their Financial Goals

Marketing Financial Services to Generation X provides a detailed look at the issues impacting GenX’s views related to investing and financial services. With 88 charts and 30 tables, the results of the survey are segmented by respondent age, gender, geographic region, household income, household size, presence and age of children, and level of educational attainment, providing marketers and planners with insights into the attitudes and actions of this generation ripe for financial services. - May 19, 2014 - 4K Research & Consulting, LLC

GSF Mortgage Welcomes New Branch to Maryland

GSF Mortgage welcomes Michael Mazursky as branch manager in Baltimore, Maryland. He joins GSF Mortgage with 10 years in the industry. Mazursky is a graduate from Towson University with a degree in business administration and a focus on finance. He graduated cum laude; top 10 percent of his class. - May 18, 2014 - GoGSF

BDA Advises on Sale of MMI’s Oil & Gas Precision Parts Business to Wayne Burt Group

Business Development Asia ("BDA") is pleased to announce that its client, MMI Holdings Ltd (“MMI"), has sold its oil & gas precision manufacturing business in Woodlands, Singapore ("MMI Woodlands") to Wayne Burt Group ("Wayne Burt"). MMI is one of the... - May 16, 2014 - BDA Partners Ltd

GSF Mortgage Welcomes Their First Branch in Ohio

GSF Mortgage is excited to announce they have established their first branch in Ohio. Elijah Zamudio, Branch Manager will oversee the addition in Lima. Zamudio obtained his Associates Degree in business administration. He is currently continuing his education online to receive his Bachelor’s... - May 16, 2014 - GoGSF

Ready Pac Strengthens Executive Leadership Team

New executives bring unique CPG experience and successful track record of executing innovative, high-growth strategies. - May 15, 2014 - O’Neill Consulting Group

Keross Named in Gartner’s Cool Vendors in Emerging Markets 2014 Report

Keross, a UAE based software development company dedicated to creating unique IT service support management (ITSSM) solutions, was named in Gartner’s Cool Vendors in Emerging Markets 2014 report. The yearly report, which is one of the industry’s most anticipated market analysis studies,... - May 14, 2014 - Keross

Whitewood Solutions Announces an Affordable Way to Help Tax Professionals Create Year-Round Revenue

Whitewood Solutions is rolling out the most affordable way for tax professionals to obtain year-round revenue streams and help their clients resolve their delinquent tax debts. By partnering with Whitewood, a tax professional, no matter the size of their practice, can hire an entire team of trained Tax Resolution Specialists to do all of their tax help work for a flat monthly fee. With an average case fee size of well above that, this program ensures a far from typical profit margin. - May 12, 2014 - Whitewood Tax Solutions

Gold Star Mortgage Financial Group, Corporation Increases Its Southern Expansion with the Opening of Their San Antonio, Texas Branch

Gold Star Mortgage Financial Group, Corporation is pleased to announce the opening of their San Antonio, Texas Branch, located at 9258 Culebra Road, San Antonio, Texas, 78251, which will be the cornerstone of Gold Star’s expansion endeavors in the southern United States. Gold Star is rapidly... - May 12, 2014 - Gold Star Mortgage Financial Group

Prof. David Nanigian on the Wealth DNA Radio Show on May 12, 2014 at 9:00 AM PDT (12 noon EDT) Discussing Market Linked CD's

Prof. David Nanigian will be the featured guest on the Wealth DNA radio show discussing Market Linked CD's on May 12, 2014 at 9:00 AM PDT (12 noon EDT). Prof. Nanigian teaches graduate-level finance courses at The American College, a premier financial educational institution for professional certifications in Securities, Banking and insurance industries since the 1920's. - May 10, 2014 - Wealth DNA radio

A Day at the Races for VisionQuest

A gathering for the Kentucky Derby that was also a charity event. - May 10, 2014 - VisionQuest Wealth Management

"Boost Your Credit Score in 2014" Training Now Offered

KOSBE will host "Boost Your Credit Score in 2014" on Thursday, May 22, from 10 to 11:30 am at your Kingsport Chamber of Commerce. The free training will be taught by Candy Craig of Appalachian Community Federal Credit Union. - See more at: http://kosbe.org/news#sthash.IqVzRFjw.dpuf - May 09, 2014 - Kingsport Office of Small Business Development & Entrepreneurship - KOSBE

GSF Mortgage Welcomes Fourth Branch in Indiana

GSF Mortgage welcomes Brian Reno as Branch Manager in Indianapolis, Indiana. Reno joins GSF Mortgage with 23 years of experience. He is a Certified Mortgage Planning Specialist, which is a certification achieved by less than two percent of all mortgage loan originators. Reno is a graduate from... - May 09, 2014 - GoGSF

Addoms Joins Mars National Bank as Vice President, Commercial Banking

Robert V. Addoms joined Mars National Bank as Vice President, Commercial Banking. Mr. Addoms is an accomplished commercial lending banker with over 27 years of experience in the industry. “Bob is a commercial lending expert,” said Pete Balmert, Mars National Bank Senior Vice President, Commercial and Retail Banking. “We are thrilled to add his creativity, knowledge and experience to our team.” - May 09, 2014 - Mars Bank

iCreate and Convey Team Up to Help Global Banks Fast-Track FATCA Compliance

Partnership creates end-to-end solution for enabling and ensuring FATCA compliance, including: data consolidation, indicia identification, additional KYC data/document capture, alerts/notifications and dashboards to monitor compliance, withholding calculations and remittance, and tax reporting. - May 06, 2014 - iCreate Software

New Software Drives Results with Credit Unions

New software company in Manhattan, Kansas has debuted to be belle of the ball within the credit union industry. This strategy management software offers solutions for collaboration and tracking of performance. - May 03, 2014 - New Element

GSF Mortgage Named Among Mortgage Executive’s 50 Best Companies To Work For

GSF Mortgage is honored to be named among Mortgage Executive Magazine’s 50 Best Companies To Work For. Mortgage Executive Magazine conducted the most extensive loan officer survey in Corporate America. More than 160 mortgage companies and banks participated and more than 8,000 loan officers... - May 01, 2014 - GoGSF

Texas Trust's VP of Mortgage Lending Named Top Performing Mortgage Professional

Being named a top performing mortgage professional is becoming a habit for Richard Whitman of Texas Trust Credit Union. The VP of Mortgage Lending has been named a Five Star Mortgage Professional for the third consecutive year. Winners were selected based on an independent consumer survey conducted by a third party research company. - April 30, 2014 - Texas Trust Credit Union

Kenya Commercial Bank (KCB) Partners with Wavetec to Enhance Its Customers Journey and Experience

Wavetec installed its queue management solutions in 26 KCB branches where this number will grow to 52 by end of June, 2014. - April 28, 2014 - Wavetec

Prepaid Bitcoin Sells 35 BTC Worth of Prepaid Bitcoin Cards in First Month, Signalling Thriving Demand for Easier Access to Bitcoin

Prepaid Bitcoin cards come in a recognizable format so people aren't spooked by the tech jargon or the scary concept of “virtual money.” The cards also come in stored value amounts of $10, $25, $50, and $100, which are realistic for most people. The company also permits custom branding on their cards with the ability to add logos and card-holder names for a more personalized touch. - April 28, 2014 - Prepaid Bitcoin

Enterprising, Disabled Man Solicits for Help to Rebuild Business, Goldbearingpaydirt.com, After Being Unjustly Closed Down

"Without doubts, the American government advocates non-discrimination when it comes to giving jobs to the disabled in the society; but then, many of them are still being rejected or not able to find the flexible conditions they need to perform," states Robert Schaefer. Today, Robert Schaefer, an enterprising, disabled man asks for help to rebuild his home-based business that was unjustly closed down. - April 28, 2014 - Robert Schaefer

Gold Star Mortgage Financial Group, Corporation Partners with STANDARD|Technology to Automate Recruiting and Onboarding Process

Gold Star Mortgage Financial Group, Corp partners with STANDARD|Technology to automate and streamline recruiting and onboarding processes in order to meet the demands of rapid national expansion. - April 28, 2014 - Gold Star Mortgage Financial Group

BTG Option Launches Its Brand-New Trading Platform

BTG Option has changed management and has completely re-designed its binary options trading site. Its new and improved trading platform provides a unique trading experience, allowing traders to utilize various financial instruments while trading on a wide range of underlying assets from across all global markets. The site will be providing special offers and luxury terms & bonuses within the near future, alongside a range of helpful trading tools. - April 24, 2014 - BTG Option

Dolphin Debit Named Sole ATM Provider for Community Resource Credit Union in Texas

Community Resource Credit Union of Baytown, Texas, has entered into a multi-year agreement with Dolphin Debit to take ownership of its ATM fleet. Dolphin Debit will replace and upgrade Community Resources' existing ATMs to ensure full compliance with Windows 7 and EMV chip technology requirements. - April 24, 2014 - Dolphin Debit

Touchpoint Metrics President, Michael Hinshaw, Speaks on Transforming the Customer Experience for Banking at Western Independent Bankers’ 2014 Annual Conference

Michael Hinshaw, President & CEO of customer experience solutions company Touchpoint Metrics (OTCQB:TPOI), was invited to present a special session at Western Independent Bankers’ Annual Conference, discussing the ‘era of smart customers’ and how banks who learn to embrace the trends emerging in this era will not only survive, but thrive. - April 23, 2014 - Touchpoint Metrics

Newburyport Five Cents Savings Bank Holds Annual Meeting – Reflects on Successful Year

New Market, Commitment to Community Causes and Strong Performance Highlight 2013 Results - April 23, 2014 - Newburyport Five Cents Savings Bank

Texas Trust Credit Union Earns Diamond Awards at Industry Marketing Competition

CUNA Honors Texas Trust with three Diamond Awards at annual marketing competition - April 23, 2014 - Texas Trust Credit Union

Global Trust Depository is Taking New Clients for Safekeeping Receipts

Global Trust Depository has just announced that the service is now taking new clients for safekeeping receipts. Global Trust Depository can accept almost any kind of valuable assets for safekeeping purposes. The service contracts out with local bank vaults for storage facilities and can issue a... - April 23, 2014 - Global Trust Depository

Wealth DNA Radio Show Discusses MyRA’s and GRA’s vs IRA’s and 401(k) plans with Teresa Ghilarducci, PhD on April 28, 2014 at 9:00 AM PDT

The Wealth DNA radio show will have Teresa Ghilarducci, PhD as the featured guest on April 28, 2014 at 9:00 AM PDT (12 noon EDT). The show will focus on MyRA's and GRA's vs. IRA's and 401(k) plans. - April 21, 2014 - Wealth DNA radio

Gold Star Mortgage Financial Group, Corporation Names Dan Sugg President

Gold Star Mortgage Financial Group, Corp, one of the nation’s premiere mortgage companies, names lending industry veteran Dan Sugg President. Mr. Sugg will be based at Gold Star’s corporate office in Ann Arbor, Michigan. - April 21, 2014 - Gold Star Mortgage Financial Group

Michigan Retirement Specialists Offering Planning Services to City Employees Across Region

Macomb County experts for retirement planning services, Michigan Retirement Specialists are now inviting city officials across the region to review the benefits of their advisory services. - April 17, 2014 - Michigan Retirement Specialists

Mars National Bank Supports First Time Homebuyers Through “First Front Door” Program

Mars National Bank joined the First Front Door program through the Federal Home Loan Bank of Pittsburgh. First Front Door helps first-time homebuyers realize the dream of homeownership through a special grant program. Mars National Bank works with housing counseling agencies, community-based... - April 17, 2014 - Mars Bank

Thousands of Retail Locations Ready to Service Future PinoyWallet Holders

PyxPay and Fuze Network entered into a participation agreement for Fuze Network to accommodate loading funds onto PyxPay’s closed-loop debit card accounts. The partnership, which has commenced on March 12, 2014, aims to open Fuze Network’s thousands of Alternative Financial Services (AFS) partner locations to PyxPay accountholders in the United States. - April 16, 2014 - PyxPay Corporation

New Study Shows Oil Investments May Protect Against Bond Declines

A new study released this week by Sharath Sury (Executive Director of SIFIRM and Adjunct Professor of Economics at the University of California) and Manda Sury (CEO of Chicago Analytic Trading Co. and Adjunct Professor of Finance at DePaul University) shows that investments in the energy related oil and gas exploration sector may provide a strong hedge against bond losses in a rising interest rate environment. - April 15, 2014 - SIFIRM

Innovation Direct™ Providing Marketing and Licensing Assistance to Money Trans Depot Invention

An innovative new product designed to provide its users with a streamlined and appealing alternative for accessing and transferring funds, the Money Trans Depot, has been developed by Cash Foster of Ruston, Louisiana. The invention's unique design enables users to perform a variety of personal... - April 13, 2014 - Innovation Direct, Inc.

Strathmore’s Who’s Who Honors Michael S. Stachowski as a Professional of the Year

Michael S. Stachowski, of Kansas City, Missouri, has recently been recognized as a Professional of the Year by Strathmore’s Who’s Who for his outstanding contributions and achievements in the field of Financial Planning. - April 11, 2014 - Strathmore Who's Who

Aspire FCU Members Found to be Paying Less on Car Payments

Data shows refinancing an auto loan with Aspire FCU saves members $30/month. - April 11, 2014 - Aspire Federal Credit Union

Worldcoin Launches Shopping Card Network, Reinforcing Its Retail Presence

Worldcoin Limited today announced the launch of its Worldcoin shopping card network, starting with its strongest and still growing network of 80 retail merchants in Dubai. With this exciting development, users can now access the wide variety of shops currently accepting Worldcoin as a currency. The... - April 10, 2014 - Worldcoin Limited