Financial institution

D.A. Davidson Acts as Exclusive Financial Advisor to InQuik on Its Strategic Partnership with CMC

Retrieved on: 
月曜日, 6月 10, 2024
Architecture, Construction & Property, Finance, Consulting, Building Systems, Banking, Professional Services, Other Construction & Property, Multimedia, Commercial, Financial institution, CMC, Growth, Transport, Commercial Metals Company, Construction, Partnership

Davidson & Co. announced today that it served as exclusive financial advisor to InQuik on its strategic partnership with Commercial Metals Company (“CMC”).

Key Points: 
  • Davidson & Co. announced today that it served as exclusive financial advisor to InQuik on its strategic partnership with Commercial Metals Company (“CMC”).
  • Founded in Australia with operations in Colorado, InQuik has developed a patent-protected, innovative semi-modular construction method to build reinforced concrete bridges.
  • InQuik is licensing its intellectual property to CMC to produce and sell bridge solutions in the U.S. in an exclusive deal, combining the strengths of both companies to drive growth and innovation.
  • Davidson & Co. announced today that it served as exclusive financial advisor to InQuik on its strategic partnership with Commercial Metals Company.

Mbanq Spearheads ASEAN Banking Technology and BaaS Expansion Together with IG Tech Cambodia

Retrieved on: 
水曜日, 6月 12, 2024
Banking, Fintech, Professional Services, Finance, Smartphone, Software as a service, Financial institution, Service provider, Growth, Hotbed, Partnership, As a service, FSI, Tutoring

Mbanq, a global leader in Banking-as-a-Service (BaaS) and digital banking innovation has formed a strategic partnership with IG Tech Cambodia, a prominent FinTech and banking technology developer in SE Asia.

Key Points: 
  • Mbanq, a global leader in Banking-as-a-Service (BaaS) and digital banking innovation has formed a strategic partnership with IG Tech Cambodia, a prominent FinTech and banking technology developer in SE Asia.
  • The strategic partnership marks Mbanq’s expansion into the ASEAN (Association of Southeast Asian Nations) banking technology and BaaS markets.
  • Vlad Lounegov, CEO of Mbanq, says, “Mbanq will introduce its BaaS and the latest banking technology to the burgeoning ASEAN markets, where FinTech and digital transformation are advancing rapidly.
  • “Since inception, Mbanq has collaborated closely with IG Tech Cambodia, which has been a reliable and valued technology development partner.

VERSABANK RECEIVES FINAL U.S. APPROVAL FOR U.S. BANK ACQUISITON

Retrieved on: 
金曜日, 6月 14, 2024
Cloud, Acquisition, OSFI, OCC, Financial institution, Culture, National Bank Act, Growth, Superintendent, Fed, RPP, Comptroller, Michael J. Hsu, Sale, VersaBank, TSX, Bank

The OCC approval is the second and final U.S. regulatory approval required for VersaBank to proceed with the Stearns Holdingford acquisition.

Key Points: 
  • The OCC approval is the second and final U.S. regulatory approval required for VersaBank to proceed with the Stearns Holdingford acquisition.
  • VersaBank will now seek approval for the Stearns Holdingford acquisition from its Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI).
  • Stearns Financial, a multi-bank holding company owning two additional and separate national bank charters, Stearns Bank Upsala National Association and Stearns Financial's flagship and largest national bank, Stearns Bank National Association (headquartered in St.
  • "It speaks volumes that our Canadian neighbor, VersaBank, has chosen Holdingford as its home base for entry into the U.S. market," said Heather Plumski, President of Stearns Bank Holdingford.

Monex USA Announces Integration with Payments Exchange from Fiserv

Retrieved on: 
火曜日, 6月 4, 2024
Professional Services, Payments, Technology, Software, Finance, Fintech, Banking, Financial institution, Foreign exchange market, Senior, FX, Monex, Financial services

This integration will allow financial institutions that utilize Payments Exchange to work directly with Monex USA as a foreign exchange partner to complete international wire transfers.

Key Points: 
  • This integration will allow financial institutions that utilize Payments Exchange to work directly with Monex USA as a foreign exchange partner to complete international wire transfers.
  • "Monex USA's integration with Payments Exchange will expand financial institutions' service offerings for their clients," says Mike Rockouski, Managing Director of Financial Institutions at Monex USA.
  • Payments Exchange: Foreign Exchange services enable end-to-end international wire transfers with one-step wire entry for foreign exchange, helping minimize the time and effort required to manage global payments.
  • “The integration of Monex USA with Payments Exchange will allow banks and credit unions to access another option to facilitate these foreign exchange payments, enabling a more seamless experience for both the financial institution and their clients.”

Robert Cammilleri Joins Barings’ Capital Markets and Strategic Relationship Management Group

Retrieved on: 
火曜日, 5月 28, 2024
Professional Services, Other Construction & Property, Insurance, Finance, Construction & Property, Asset Management, Banking, Commonwealth Bank, National Australia Bank, Financial institution, CBA

Barings, one of the world’s leading investment managers, today announced that banking industry veteran Robert Cammilleri has joined Barings’ Capital Markets and Strategic Relationship Management Group as a Managing Director and Global Head of Fund and Asset Level Finance, effective today.

Key Points: 
  • Barings, one of the world’s leading investment managers, today announced that banking industry veteran Robert Cammilleri has joined Barings’ Capital Markets and Strategic Relationship Management Group as a Managing Director and Global Head of Fund and Asset Level Finance, effective today.
  • In this role, Cammilleri will focus on securing financing needs for Barings teams globally at both the asset and fund levels.
  • Based in New York, he will report to Mike Henderlong, Global Head of Barings’ Capital Markets and Strategic Relationship Management Group, which is responsible for Barings’ global counterparty relationships with banks, large diversified sponsors and peers spanning global markets, investment banking, custodial, origination and fund and asset level financing functions.
  • He led the origination, execution, syndication, and portfolio management of loans and hedging lines, supporting funds invested in credit, private equity, real estate, and infrastructure.

Financial Institutions, Inc. Announces Quarterly Cash Dividend

Retrieved on: 
水曜日, 5月 22, 2024
Five Star Bank, Series, Financial institution, Holding company

WARSAW, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share.

Key Points: 
  • WARSAW, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share.
  • The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock.
  • All dividends are payable July 2, 2024, to shareholders of record on June 14, 2024.

Eisen and Checkbook Revolutionize Payment Disbursements with Launch of Disbursement Hub

Retrieved on: 
木曜日, 5月 16, 2024
Software, Payments, Finance, Banking, Data Management, Professional Services, Technology, Fintech, CFPB, Partnership, Consumer, Financial institution, Cryptocurrency

Disbursement Hub offers a comprehensive solution to assist institutions in navigating the complexities of account closures and fund disbursements efficiently.

Key Points: 
  • Disbursement Hub offers a comprehensive solution to assist institutions in navigating the complexities of account closures and fund disbursements efficiently.
  • Eisen chose Checkbook to power Disbursement Hub to replace manual workflows, reduce errors, save time, and ensure timely compliance with regulatory guidelines.
  • For media inquiries and further information about the Disbursement Hub, please contact Eisen at [email protected] or Checkbook at [email protected] .
  • Eisen offers account offboarding solutions for financial institutions, streamlining compliance with the outreach, disbursement, and escheatment requirements of closing accounts.

Pathward Transforms Product Suite with Launch of 'Solutions for Financial Institutions'

Retrieved on: 
木曜日, 5月 16, 2024
Banking, Professional Services, Finance, Small Business Administration, Marketing, Financial institution, Small business, Growth, Commercial finance, Banking as a service, Merchant services, Bank

Pathward ®, N.A., one of the nation’s leading financial empowerment companies, today announced the expansion and transformation of its suite of offerings for financial institutions.

Key Points: 
  • Pathward ®, N.A., one of the nation’s leading financial empowerment companies, today announced the expansion and transformation of its suite of offerings for financial institutions.
  • Pathward Solutions for Financial Institutions provides an enhanced, turnkey product lineup for financial institutions that cuts out the need for multiple third parties.
  • This new era for Pathward’s product suite establishes its services for financial institutions beyond the existing prepaid focus, which includes gift cards and reloadable cards.
  • We plan to continue evolving Pathward’s product suite for financial institutions and look forward to powering their future growth.”

United Fintech expands global presence into UAE with new office in DIFC

Retrieved on: 
月曜日, 5月 13, 2024
Software, Finance, Asset Management, Banking, Data Management, Professional Services, Technology, Fintech, CCO, Ecosystem, Financial institution, Digital transformation, GCC, Growth, Dubai International Airport, Bank

United Fintech is increasing its global presence with the opening of a new office in the Dubai International Financial Centre (DIFC).

Key Points: 
  • United Fintech is increasing its global presence with the opening of a new office in the Dubai International Financial Centre (DIFC).
  • United Fintech is an industry-neutral Digital Transformation platform which enables banks and Financial Institutions to accelerate access to a range of innovative fintechs specialising in capital markets.
  • “Expanding into the DIFC marks a strategic advancement for United Fintech, broadening the global footprint of our industry-neutral Digital Transformation platform and meeting the growing demands of the financial services industry.
  • Founded in 2020, United Fintech employs over 160 people in eight countries, including the UK, Denmark, Spain and the USA.

ABBYY Supports Non-Profit ForHumanity to Develop Independent AI Audit Systems

Retrieved on: 
水曜日, 5月 8, 2024
Software, Banking, Accounting, Professional Services, Data Management, White House, Federal Government, Technology, Artificial Intelligence, Data Analytics, Finance, Consulting, Public Policy, Government, Comptroller, European Central Bank, Bias, Risk, Safety, AI, Treasury, Risk management, Artificial intelligence, Motion, AAA, Financial institution, Paramount, Ethics, Emirates Stadium, Michael J. Hsu, Privacy, Superintendent, Financial Conduct Authority, Trust, Anomaly, Model risk, FINRA, Currency, Organization, Central bank, Autonomy, Medical device

ABBYY has announced its support of non-profit public charity ForHumanity to assist financial services organizations in meeting new regulations on the use of artificial intelligence (AI).

Key Points: 
  • ABBYY has announced its support of non-profit public charity ForHumanity to assist financial services organizations in meeting new regulations on the use of artificial intelligence (AI).
  • ForHumanity’s mission is to make AI safe for society, support government and regulatory agencies, and to manage risk associated with AAA systems.
  • These systems include AI that has the ability to analyze and interpret data, learn from experiences, and execute actions without constant human supervision.
  • “ABBYY supports the development of independent audit criteria as part of its long-time commitment to developing trustworthy AI that is purpose-built for financial services organizations’ business-critical processes,” stated Andrew Pery, certified by ForHumanity in the independent audit of AI systems for the EU Artificial Intelligence Act and AI Ethics Evangelist at ABBYY.