Banco Popular

AM Best Affirms Credit Ratings of Popular Life Re

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水曜日, 5月 8, 2024

Professional Services, Insurance, Finance, Popular, Inc., News, Credit, AM Best, Battle of Ravenna (476), Risk management, Banco Popular, Good, BPOP, ALL

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Popular Life Re (PLRe) (Puerto Rico).

Key Points:

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Popular Life Re (PLRe) (Puerto Rico).
The weak credit profile of ultimate parent, Popular, Inc., continues to have a drag on the ratings lift/drag reflected in PLRe’s ratings.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Banco Popular Launches a New Campaign 'We Follow Your Rhythm'; Introduces Audio Branding

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木曜日, 4月 18, 2024

Rooted in that influence, Banco Popular announced a new campaign titled “We Follow Your Rhythm”.

Key Points:

Rooted in that influence, Banco Popular announced a new campaign titled “We Follow Your Rhythm”.
“We Follow Your Rhythm” positions Popular as a bank that offers a wide range of financial services through digital and traditional channels.
A custom-composed audio branding performed by Puerto Rican singer-songwriter Tommy Torres helps audiences connect with Popular through sound.
The campaign and the audio branding launch on April 18 and will run on television, in print and online.

Synctera Announces $18.6M Funding Boost, Appoints New CRO, To Support Largest New Customers’ US Expansions

Retrieved on:

月曜日, 3月 4, 2024

After a successful kickoff of its partnership with National Bank of Canada in 2023, NAventures has joined Synctera’s Series A extension.

Key Points:

After a successful kickoff of its partnership with National Bank of Canada in 2023, NAventures has joined Synctera’s Series A extension.
One emerging use case for Synctera in 2024 has been international wealth management, a specialty that attracted BTG Pactual, the largest investment bank in Latin America.
On the partnership, CEO GB Olugbenga shared, “We’re really thrilled to be partnering with Synctera to broaden our offerings in the US.
Synctera's early focus on technology, team building, regulatory alignment, and long-term bank relationships has set a solid foundation for continued growth.

i2c Empowers Leading Financial Institutions and Innovators Across Latin America, Caribbean

Retrieved on:

木曜日, 2月 15, 2024

i2c Inc. , a leading provider of banking and payments solutions, has added new clients in countries such as Brazil, Dominican Republic, Mexico, Peru and Puerto Rico.

Key Points:

i2c Inc. , a leading provider of banking and payments solutions, has added new clients in countries such as Brazil, Dominican Republic, Mexico, Peru and Puerto Rico.
i2c has also added several senior resources in sales, account management and client services teams as it continues to build on its commitment and success to the region.
i2c is supporting emerging and established financial institutions to help accelerate their growth with faster innovation cycles and time to market through its building block technology.
"We continue supporting our partners in Latin America and the Caribbean as they develop innovative payment solutions that accelerate digital transformation among financial institutions across the region,” said Serena Smith, chief client officer of i2c.

An opportunity to review and improve the EU’s bank crisis management framework

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水曜日, 1月 3, 2024

This article analyses the European crisis management framework for banks. It concludes that key areas for improvement are the crisis management options for small and medium-sized banks as well as preparedness for systemic crises. The European Commission’s reform proposal represents an opportunity to implement the lessons learned over the last decade.

Key Points:

This article analyses the European crisis management framework for banks. It concludes that key areas for improvement are the crisis management options for small and medium-sized banks as well as preparedness for systemic crises. The European Commission’s reform proposal represents an opportunity to implement the lessons learned over the last decade.

Salsa: sabor y evolución - A visual piece that invites you to learn about the legacy of this genre in Puerto Rico

Retrieved on:

水曜日, 11月 15, 2023

In the 31st edition of Popular's music special, the company dedicates its new musical production to salsa.

Key Points:

In the 31st edition of Popular's music special, the company dedicates its new musical production to salsa.
Through this piece, viewers can review, alongside artists and connoisseurs of this genre, some facts about the birth, development, and evolution of salsa.
Over the years, Popular has become a cultural facilitator that produces and preserves, through these visual pieces, part of the Puerto Rican musical identity.
"As has been our commitment throughout these years, this production is a gift to our community in and outside of Puerto Rico.

FV Bank Appoints New Senior Trust Officer

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水曜日, 9月 13, 2023

Professional Services, Payments, Technology, Finance, Asset Management, Banking, Digital Cash Management, Digital Assets, FV, Banco Popular, Growth, Fintech, Bank, Financial services

FV Bank, the U.S. licensed global digital bank that offers a vertically-integrated suite of traditional and digital asset banking and custody services, is pleased to announce that Jennifer Yaris Rodríguez has been appointed as Senior Trust Officer, effective immediately.

Key Points:

FV Bank, the U.S. licensed global digital bank that offers a vertically-integrated suite of traditional and digital asset banking and custody services, is pleased to announce that Jennifer Yaris Rodríguez has been appointed as Senior Trust Officer, effective immediately.
As Senior Trust Officer, Rodriguez will hold a leadership position within FV Bank's custody department and play a key role as part of their expansion strategy, contributing to FV Bank’s mission of providing industry-leading banking, FinTech, and digital asset custody services for retail and enterprise clients.
"FV Bank is very pleased to welcome Jennifer to our team," said FV Bank CEO Miles Paschini.
“I am thrilled to join FV Bank and work with the team to further develop and strengthen the digital asset custody department," said Jennifer.

Urban Edge Properties Announces Successful Debt Refinancing at Las Catalinas Mall

Retrieved on:

水曜日, 8月 30, 2023

Professional Services, Retail, Department Stores, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Las Catalinas Mall, CMBS, Banco Popular, FFO, Growth, Popular, Inc., NYSE, UE, Security (finance)

Urban Edge Properties (NYSE: UE) (the “Company”) announced today that it has completed the refinancing of its mortgage loan at Las Catalinas Mall in Caguas, Puerto Rico.

Key Points:

Urban Edge Properties (NYSE: UE) (the “Company”) announced today that it has completed the refinancing of its mortgage loan at Las Catalinas Mall in Caguas, Puerto Rico.
The Company obtained a new ten-year $82 million mortgage provided by Banco Popular de Puerto Rico.
The prior CMBS loan was modified in 2020 to provide the Company with a discounted payoff option at $72.5 million.
“This refinancing has substantially reduced the outstanding debt on this property and underscores the benefits of our secured debt strategy.”
The Company reiterates its 2023 FFO as adjusted guidance of $1.16 to $1.19 per share.

At SAS Explore, go beyond the hype and put AI and data to work

Retrieved on:

水曜日, 8月 9, 2023

CARY, N.C., Aug. 9, 2023 /PRNewswire/ -- ChatGPT and other generative AI technologies are all over the headlines. But there is a gap between the much-hyped promise of AI and harnessing it – and your data – to solve significant business challenges and improve lives.

Key Points:

SAS Explore provides a roadmap for putting AI into action and delivering analytics for everyone, everywhere.
At SAS Explore , the technology conference from SAS, the leader in AI and analytics, you will:
Learn from data scientists, developers and business pros using AI and advanced analytics today.
At SAS Explore, SAS will reveal the overall champion of the Hackathon, as selected by a panel of judges.
Many of SAS Explore's sessions and demos focus on SAS Viya® , SAS' cloud-native, massively parallel AI and analytics platform.

EVERTEC Reports Second Quarter 2023 Results

Retrieved on:

水曜日, 7月 26, 2023

EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the second quarter ended June 30, 2023.

Key Points:

EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the second quarter ended June 30, 2023.
Payment processing LATAM revenue growth reflected the impact from the BBR and paySmart acquisitions completed in the third quarter of 2022 and first quarter of 2023, respectively, and organic growth.
For the quarter ended June 30, 2023, Adjusted EBITDA was $74 million, a decrease of $0.4 million when compared to the prior year quarter.
The Company will host a conference call to discuss its second quarter 2023 financial results today at 4:30 p.m.