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.
A-Team Group Names Winners of 2022 TradingTech Insight Awards USA
A-Team Group announced the 2022 winners of its acclaimed TradingTech Insight (TTI) Awards USA today. These annual awards recognise excellence in trading solutions and services for capital markets, and focus on vendors providing exceptional and innovative trading infrastructure, technology, and data... - June 16, 2022 - A-Team Group
Aliso Niguel Mortgage is Proud to Start Offering Short Term Working Capital Financing to Qualified Businesses on June 15, 2022
Many successful businesses find time-to-time that they become cash strapped and need a quick cash infusion. Getting a business line of credit from their bank can be challenging and time consuming with a voluminous amount of paperwork. This is where the short-term working capital financing is... - June 13, 2022 - Aliso Niguel Mortgage
Independent Operational Fiduciary Launches Its First Pooled Employer Plan
Group Plan Systems, LLC (GPS), an independent operational fiduciary for employer-sponsored retirement plans, has signed an agreement with JULY Business Services (JULY) to serve as recordkeeper and third-party administrator to a Pooled Employer Plan (PEP) for which GPS will serve as the Pooled Plan... - June 09, 2022 - Group Plan Systems
Last Mile Delivery Platform FetchGoat Selected for Microsoft for Startups Program
Microsoft for Startups accelerates companies by providing founders the technology, guidance, and support from the idea stage to the exit stage. - June 08, 2022 - FetchGoat
Premier Industry Trade Organizations Increase Momentum Behind Annuity Awareness Month
NAFA Leads Continued Growth of National Annuity Education Initiative - June 07, 2022 - NAFA, National Association for Fixed Annuities
DC Central Kitchen Prepares to Move Into the House That Good Business Built
Iconic DC-Based Social Enterprise Nonprofit Secures New Markets Tax Credit Investment to Help Bring the Kitchen Home to New Klein Center for Jobs & Justice Later This Year. - June 07, 2022 - DC Central Kitchen
United Capital Partners Sources $15MM Revolving Line of Credit for Customer
United Capital Partners sources a $15MM revolving line of credit for a South American customer in the cellular mobile sector. - May 31, 2022 - United Capital Partners
Alternative Liquidity Index LP Announces Offer to Purchase Class A-1 Notes, of Zohar III, Limited
Alternative Liquidity Index, LP, has announced an offer to purchase for cash, up to a maximum principal amount of $150,000,000 in the Class A-1 Notes of Zohar III, Limited. The Issuer and its affiliates have gone through a long and contentious bankruptcy process lasting for several years, and this offer provides an opportunity for investors to get liquidity for their investment. - May 26, 2022 - Alternative Liquidity GP LLC
A-Team Group Names Winners of RegTech Insight Awards - Europe 2022
A-Team Group announced the winners of its acclaimed RegTech Insight Awards – Europe 2022 today. - May 26, 2022 - A-Team Group
SkySparc Appointment Bolsters Dutch Office
SkySparc, an independent solutions provider, has strengthened its Dutch team with the appointment of Souhaila Ben Bouker, formerly a Business Analyst at Dutch central bank De Nederlandsche Bank (DNB). She joins SkySparc’s Netherlands office as Senior Business Consultant. - May 25, 2022 - SkySparc
Whistleblower Wins Jury Verdict Against BofI Federal Bank
Whistleblower Wins $1.5 Million Against Bank on Violations of Sarbanes-Oxley, Defamation and Other Claims; and Defeats All Six Counterclaims - May 24, 2022 - The Gillam Law Firm
New NY-Based Projects Underway in Collaboration with GCP Fund LLC and Joe Malvasio
Joe Malvasio and GCP Fund offer businesses the initial capital that they require to become operational and start new ventures. - May 21, 2022 - Global Capital Partners Fund LLC
Joe Malvasio and GCP Fund LLC Are Giving Upcoming Businesses Opportunities to Grow Through Asset-Based Loans
Joe Malvasio and GCP Fund are providing businesses opportunities to grow and expand beyond their means with asset-based loans. - May 19, 2022 - Global Capital Partners Fund LLC
GCP Fund LLC and Joe Malvasio Are Forming Partnerships with Businesses to Help Them Grow
Joe Malvasio and GCP Fund are building working relationships with the companies they collaborate with, offering them advice and education where need be. - May 19, 2022 - Global Capital Partners Fund LLC
SkySparc Launches Application Monitoring as-a-Service
SkySparc, an independent solutions provider, has launched SkySparc Application Monitoring Service (SAMS), a software as a service (SaaS) solution that ensures operational excellence of critical processes and infrastructure. - May 18, 2022 - SkySparc
FundFront Launches Leading Alternative Investment Platform
The platform offers financial advisors and their investors a carefully selected menu of alternative investment strategies that can be accessed directly from bank and brokerage accounts. - May 16, 2022 - FundFront Ltd
American First National Bank Provides a Grant to HopeLink of Southern Nevada
Henderson Community Bank provides support to local non-profit for 3rd year in a row. - May 15, 2022 - American First National Bank
Joe Malvasio and GCP Funds LLC Help Businesses Scale Up with Convenient Asset Based Loans
Joe Malvasio and GCP Funds provide businesses opportunities to grow and expand beyond their means with asset-based loans. - May 13, 2022 - Global Capital Partners Fund LLC
Drake Software Appoints New President and CEO, Dom Morea
Drake Software® announced the appointment, effective immediately, of Dominic (Dom) Morea as President and CEO. Interim CEO Euan Menzies will continue in his role as Chairman of Drake Software. Dom Morea comes to Drake Software with a strong background of more than 20 years’ experience in... - May 10, 2022 - Drake Software
BDA Advises Honour Lane Shipping on Its Sale to a Consortium Led by Nexus Point
BDA Partners is pleased to announce that its client, Honour Lane Shipping (“HLS”) has sold a majority stake to a consortium led by Nexus Point, an Asian private equity fund focused on control opportunities in Greater China. The selling shareholders will remain in the business and will... - May 10, 2022 - BDA Partners Ltd
Spencer Savings Bank Honored with "Company Of The Year" Award by Gateway Chamber
Spencer Savings Bank was recently honored with the “Company Of The Year” award, by the Gateway Regional Chamber of Commerce, at its 110th annual awards dinner at the Marriott Hotel in Newark, NJ. The bank was honored for its support given to the business community facing economic... - May 08, 2022 - Spencer Savings Bank
BDA Advises Shimano on Sale of PEARL iZUMi to United Sports Brands
BDA Partners is pleased to announce that its client, Shimano North America Holding, has sold PEARL iZUMi USA, an iconic manufacturer & retailer of cycling apparel & accessories, to United Sports Brands (“USB”), a global leader in sports performance & protective products. USB... - May 06, 2022 - BDA Partners Ltd
Dennis Masich to Steer Growth of SkySparc FIS Practice
SkySparc, an independent solutions provider, has appointed Dennis Masich as new Practice Lead for its fast-growing global FIS practice. - May 04, 2022 - SkySparc
SkySparc OmniFi Integrates Nordea’s Instant Reporting API to Enhance Intraday Liquidity Management for Telia Company
SkySparc, an independent solutions provider, has implemented an Open Banking solution for long-term client Telia Company (Telia), a leading European telecoms provider, which leverages Nordea’s market-leading Open Banking API to enhance visibility of intraday liquidity and improve treasury automation and efficiency. - April 27, 2022 - SkySparc
Althub Releases the First Platform for Companies to Rapidly Productize and Monetize Their Data
Althub Invisage platform is the first software product to automate the end-to-end process from discovery to sales. Buyers want to see polished alternative data with clear formats, whitepapers, delivery and compliance process. With this new platform, Companies with data assets can accelerate and... - April 27, 2022 - Althub Inc.
Dealius Welcomes New Members to Its Advisory Board
Dealius is proud to introduce two new individuals to their Advisory Board. Duke Long, Principal of the Duke Long Agency and Robert Thornburgh, CEO of SIOR. - April 26, 2022 - Mauge, Inc.
Commercial Private Equity Announces a Three-Level Loan Program and Customized Financing Options, Helping Clients Close Commercial Real Estate Purchases in a Few Days
The private lending company offers three-tiered commercial loan programs at affordable rates to make real estate investing more accessible for their clients. - April 23, 2022 - Commercial Private Equity
National Bankers Community Alliance Partners with iGrad and HBCU Community Development Action Coalition on Financial Wellness Pilot Program to Reduce Racial Wealth Gap
iGrad offers artificial intelligence-powered financial wellness solutions to more than 600 colleges and universities, more than 20,000 employers and more than 300 financial institutions. - April 21, 2022 - iGrad
Kensington Financial Associates Launches Premium Financing Platform
Kensington Financial Associates announces the launch of a new Premium Financing division to complement its already established lending platform of Whole Life Insurance policy cash value lending. A great achievement to be able to offer Premium Financing within the repertoire of services available... - April 12, 2022 - Kensington Financial Associates
iGrad and Cleveland State University Partner to Provide Financial Literacy Education to TRIO Students
Research shows that student financial wellness programs can decrease financial stress, improve academic performance and teach students how to manage their finances for a lifetime. - April 12, 2022 - iGrad
LemonadeLXP Selected to Demo at Finovate
LemonadeLXP, the digital growth platform for financial institutions and fintechs has been selected to demo at Finovate Spring in San Francisco. Finovate features demos and presentations on the latest innovations in financial technology. John Findlay, CEO of LemonadeLXP, will be presenting the... - April 12, 2022 - LemonadeLXP
CPA Practice Advisor 2022 Readers Entrusts ACE Cloud Hosting as the Best Hosted Solution Providers and Best Outsourced Tech Service Providers
Ace Cloud Hosting (ACE), a leading Cloud Hosting Solution Provider is thrilled to announce it is the recipient of two CPA Practice Advisor Reader’s Choice Awards. The Company is selected as the Best Hosted Solution Provider and Best Outsourced Technology Services. ACE pride themselves on... - April 08, 2022 - Ace Cloud Hosting
BaumTech Expands Its Managed ATM Services by Partnering with UNOFCU to Provide On-Premise ATM Solutions
Industry Leader Offers Innovative Banking Solutions - April 08, 2022 - BaumTech
New Jersey Gov. Phil Murphy and NJ Department of the Treasury Launch NJ FinLit, a Free Financial Wellness Platform Powered by Enrich™
The personalized, interactive mobile and online platform can help state residents rebuild from the pandemic and plan for the future. - April 07, 2022 - iGrad
Wake Forest University Launches iGrad Student Financial Literacy Platform
With declining enrollment and degree-achievement rates across the nation, bolstering student financial literacy is a priority for many institutions of higher learning. iGrad is currently used by more than 600 public and private colleges and universities of all sizes. - April 07, 2022 - iGrad
Best Financial Services Website to be Named by Web Marketing Association in 26th Annual WebAward Competition
The best Financial Services websites in the world will be recognized as part of the Web Marketing Association's 26th annual international WebAward Competition for Web site development at www.webaward.org. Websites can be entered into consideration for the 2022 Best Financial Services Website and other financial-related WebAwards at the WebAward Website. - April 07, 2022 - Web Marketing Association
ERISA Compliance Expert Joni Jennings Joins Newfront Retirement Services Team
As the Retirement Services team continues to grow at Newfront, a tech-enabled, full-service brokerage, they are pleased to announce that tenured Employee Retirement Income Security Act (ERISA) compliance expert Joni Jennings has joined the group. Joni, who has more than 30 years of experience in... - April 06, 2022 - Newfront
Axis Technologies Group, Inc. (OTC: AXTG) Announces Intention to File Registration Statement for Public Offering of Common Stock
Axis Technologies Group, Inc. (OTC: AXTG), today, announced that it intends to file a registration statement with the Securities and Exchange Commission in late April 2022 for a proposed underwritten public offering of common stock. The proposed offering is expected to be predominantly from... - March 31, 2022 - Axis Technolgies Group Inc.
Mitrade Celebrates 3rd Anniversary of Its Proprietary Trading Platform
Mitrade’s proprietary trading platform completes 3 years of devoted service to worldwide traders. - March 29, 2022 - Mitrade
Intercap Lending 2022 Best Companies to Work For
Every year, National Mortgage News recognizes the top 50 mortgage companies to work for and Utah-based Intercap Lending has been honored to make the list this year. Intercap's success is owed entirely to its employees who strive to provide the best possible experience for its customers while also... - March 26, 2022 - Intercap Lending
A-Team Group Names Innovation Awards 2022 Winners
A-Team Group announced the winners of its acclaimed Innovation Awards 2022 today. - March 23, 2022 - A-Team Group
BDA Advises Clovia on Sale to Reliance Retail
BDA Partners is pleased to announce that its client, Purple Panda Fashions Pvt Ltd (doing business as “Clovia”) has sold majority stake to Reliance Retail Ventures Ltd (“RRVL”). RRVL will acquire 89% in Clovia for US$125m (INR 9,500 million) through a combination of... - March 22, 2022 - BDA Partners Ltd
Ohio Public Employees Deferred Compensation Program Receives Pension & Investments Eddy Award for Work with iGrad
The winning entry was a joint effort of Ohio DC, iGrad and Nationwide, featuring the ongoing campaign to engage members in reducing financial stress by improving money-management skills and financial knowledge. - March 22, 2022 - iGrad
Porterville College Launches iGrad Student Financial Literacy Platform
Based on artificial intelligence and proprietary algorithms, iGrad personalizes financial information for each student’s situation and needs. It is used by more than 600 public and private colleges and universities of all sizes, including Texas A&M University-Corpus Christi, New York University, Davidson College and St. Joseph’s University. - March 22, 2022 - iGrad
Mars Bank Opens Beckley Loan Office
Mars Bank is opening a loan office in Beckley, West Virginia to serve southern West Virginia mortgage and refinance needs. Mars Bank is a true community bank headquartered in Mars, Pennsylvania. An award-winning mortgage loan provider, Mars helps homebuyers achieve their goal, whether a first home, a new dream home, an investment property, or a mortgage refinance. - March 20, 2022 - Mars Bank
NexGen Networks Strengthens Their Global Internet Services in the United Kingdom
Investments in the London Internet infrastructure. - March 18, 2022 - NexGen Networks
SkySparc OmniFi Adopted by FIS Quantum User for Upgrade Project
SkySparc, an independent solutions provider, is announcing that a corporate treasury client of its new FIS practice is using the full range of OmniFi’s functionality to optimize dataflows around its instance of FIS Treasury and Risk Manager - Quantum Edition. - March 17, 2022 - SkySparc
JKS Financial Donates to United Way of Southwestern Pennsylvania Through Rebound Rewards
Partnership aims to increase employment opportunities, financial security, and independent living for Pittsburgh community. - March 16, 2022 - JKS Financial
Fundica Partners with NorCal SBDC to Bring Powerful AI-Based Funding Search Tool to Small Businesses in the United States
Fundica, North America’s leading funding search engine, is pleased to announce its partnership with NorCal SBDC, a one-stop shop for accelerating small business success. Fundica will help NorCal SBDC effortlessly acquire and retain clients by connecting small businesses with relevant funding opportunities. In addition to representing a powerful expansion of NorCal SBDC’s service offering, this announcement officially marks Fundica’s launch in the United States. - March 16, 2022 - Fundica
Central Michigan University Partners with iGrad to Provide Personalized 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. - March 15, 2022 - iGrad