Citibank

Arvest Aims to Accelerate Implementation of Real-Time Payments

Thursday, October 21, 2021 - 3:28pm

This announcement signals another step in Arvests multi-year transformation strategy that includes innovation in emerging and faster payments.

Key Points: 
  • This announcement signals another step in Arvests multi-year transformation strategy that includes innovation in emerging and faster payments.
  • Faster Payments Council has brought together a collection of forward-thinking organizations that share the vision of advancing faster payments in the U.S., Arvest payments strategy director Tristan Thompson said.
  • Arvest provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing.
  • Arvest also is one of a select few banks in the nation to have its mobile app Arvest Go certified by J.D.

Pennsylvania Teamsters Endorse Josh Shapiro For Governor

Wednesday, October 20, 2021 - 5:00pm

HARRISBURG, Pa., Oct. 20, 2021 /PRNewswire/ --Today, the Pennsylvania Conference of Teamsters announced they will be endorsing Josh Shapiro for Governor.

Key Points: 
  • HARRISBURG, Pa., Oct. 20, 2021 /PRNewswire/ --Today, the Pennsylvania Conference of Teamsters announced they will be endorsing Josh Shapiro for Governor.
  • "Josh Shapiro has proven himself to be a champion for working families and has earned the support of workers," said Bill Hamilton, President of the Pennsylvania Conference of Teamsters.
  • "Josh stands with the Teamsters and we're proud to stand with him as the next Governor of the Keystone State."
  • During his two terms as Attorney General, Josh Shapiro has made protecting Pennsylvania workers his top priority.

Wells Fargo Strategic Capital Brings Total Growth Investment in Volante Technologies to USD 45M

Wednesday, October 20, 2021 - 1:00pm

NEW YORK, Oct. 20, 2021 /PRNewswire/ -- Volante Technologies, the global leader in cloud payments and financial messaging, today announced it received USD 10M in growth funding from Wells Fargo Strategic Capital, bringing the total institutional investment to date to USD 45M. With this investment, the bank's growth capital unit joins a number of global institutional and strategic investors who committed to the previous capital raise led by Wavecrest Growth Partners in August 2020.

Key Points: 
  • Bank joins Wavecrest Growth Partners, BNY Mellon, Citi Ventures, PostePay (Poste Italiane) and Visa Inc. as investors to fund continued growth and expansion
    NEW YORK, Oct. 20, 2021 /PRNewswire/ -- Volante Technologies , the global leader in cloud payments and financial messaging, today announced it received USD 10M in growth funding from Wells Fargo Strategic Capital , bringing the total institutional investment to date to USD 45M.
  • With this investment, the bank's growth capital unit joins a number of global institutional and strategic investors who committed to the previous capital raise led by Wavecrest Growth Partnersin August 2020.
  • "While innovation has accelerated in customer-facing fintech applications, legacy core payments infrastructure has been slower to adopt new technologies due to its complex messaging standards and mission-critical environments," said Basil Darwish, managing director for Wells Fargo Strategic Capital.
  • Recently, Wells Fargo initiated a strategic payments modernization effort by migrating to the ISO 20022 financial messaging standard across its global payments operations, for which it selected Volante for ISO 20022 Migration and Modernization .

Wells Fargo Strategic Capital Brings Total Growth Investment in Volante Technologies to USD 45M

Wednesday, October 20, 2021 - 1:00pm

NEW YORK, Oct. 20, 2021 /PRNewswire/ -- Volante Technologies, the global leader in cloud payments and financial messaging, today announced it received USD 10M in growth funding from Wells Fargo Strategic Capital, bringing the total institutional investment to date to USD 45M. With this investment, the bank's growth capital unit joins a number of global institutional and strategic investors who committed to the previous capital raise led by Wavecrest Growth Partners in August 2020.

Key Points: 
  • Bank joins Wavecrest Growth Partners, BNY Mellon, Citi Ventures, PostePay (Poste Italiane) and Visa Inc. as investors to fund continued growth and expansion
    NEW YORK, Oct. 20, 2021 /PRNewswire/ -- Volante Technologies , the global leader in cloud payments and financial messaging, today announced it received USD 10M in growth funding from Wells Fargo Strategic Capital , bringing the total institutional investment to date to USD 45M.
  • With this investment, the bank's growth capital unit joins a number of global institutional and strategic investors who committed to the previous capital raise led by Wavecrest Growth Partnersin August 2020.
  • "While innovation has accelerated in customer-facing fintech applications, legacy core payments infrastructure has been slower to adopt new technologies due to its complex messaging standards and mission-critical environments," said Basil Darwish, managing director for Wells Fargo Strategic Capital.
  • Recently, Wells Fargo initiated a strategic payments modernization effort by migrating to the ISO 20022 financial messaging standard across its global payments operations, for which it selected Volante for ISO 20022 Migration and Modernization .

Bellwether Housing and Amazon Team Up to Preserve Affordable Housing

Tuesday, October 19, 2021 - 6:00pm

Bellwether Housing, King County, Washingtons largest nonprofit affordable housing provider, has acquired 213 affordable homes at two locations: The BLVD, a 136-unit apartment complex in Kent and The Marina Club, a 77-unit in Des Moines.

Key Points: 
  • Bellwether Housing, King County, Washingtons largest nonprofit affordable housing provider, has acquired 213 affordable homes at two locations: The BLVD, a 136-unit apartment complex in Kent and The Marina Club, a 77-unit in Des Moines.
  • Bellwethers CEO, Susan Boyd, explained, The Amazon Housing Equity Fund could not have come at a better time.
  • By teaming up with organizations such as Bellwether Housing, we are able to help grow the housing stock for households making moderate- to low-incomes.
  • Bellwether Housing is the largest private, nonprofit affordable housing provider in Seattle.

Two Surprising Forces Shaping Today's Retirement Plans: Young People Moving to Golf Communities and Homeowners Building ADUs for Their Parents, According to HomeLight

Monday, October 18, 2021 - 8:05pm

According to HomeLight, more than a third of real estate agents have seen an increase in ADUs over the past year.

Key Points: 
  • According to HomeLight, more than a third of real estate agents have seen an increase in ADUs over the past year.
  • The value of ADUs has increased 38% nationally since pre-COVID times, from $47,597 to $65,908.
  • Unexpectedly, ADUs are also gaining traction in regions where they haven't always been so popular, such as the Midwest.
  • Each year, HomeLight facilitates billions of dollars of residential real estate business on its platform for thousands of agents.

GoHenry Launches Money Missions, In-App Gamified Education, to Lead New Era in Financial Literacy

Monday, October 18, 2021 - 9:00am

GoHenry, a pioneer in kids debit cards, money management, and financial education, today introduced Money Missions, accelerating the companys ambitions to close the gap in early financial literacy for Gen Z and Gen Alpha with a gamified educational experience integrated into the GoHenry app.

Key Points: 
  • GoHenry, a pioneer in kids debit cards, money management, and financial education, today introduced Money Missions, accelerating the companys ambitions to close the gap in early financial literacy for Gen Z and Gen Alpha with a gamified educational experience integrated into the GoHenry app.
  • The missions are developed with teachers and financial experts and mapped to age-appropriate education guidelines in the US and UK.
  • Launched in 2012, GoHenry is a financial technology company with a simple mission to make every kid smart with money.
  • In-app Money Missions offer a gamified, integrated financial education experience that offers a rewarding and fun way for kids to build financial literacy.

Kinetica, Now on Microsoft Azure, Bends the Space-Time Continuum

Thursday, October 14, 2021 - 5:13pm

"Vectorization is ideal for IoT use cases where streaming geospatial and time-series data gets fused with other static or steaming data at speed. It historically required exotic hardware and specialized--and scarce--skills, putting it out of reach to all but the largest and most well-funded organizations or government entities," said Nima Negahban, founder and CEO of Kinetica. "With Kinetica's vectorized database now available as-a-service on Microsoft Azure, that has all changed. Any organization can harness the power of Kinetica for IoT initiatives -- and it can be deployed in minutes."

Key Points: 
  • "With Kinetica's vectorized database now available as-a-service on Microsoft Azure, that has all changed.
  • Kinetica on Microsoft Azure is fully managed by Kinetica, integrated with Microsoft Azure monitoring, and equipped with a modern user interface for ease of use.
  • A big pharmaceutical company achieved identical performance between an 88-node SQL on Hadoop cluster and a 6-node Kinetica cluster in Microsoft Azure.
  • Were pleased to offer Kinetica as a fully vectorized database as-a-Service on Microsoft Azure, says Ramnik Gulati, Director Product Marketing Databases at Microsoft.

Triton International Announces Completion of Strategic Transition of Debt Capital Structure

Thursday, October 14, 2021 - 2:09pm

October 14, 2021 Triton International Limited (NYSE: TRTN) (Triton or the Company) today announced the following actions implementing the planned transition of Tritons debt capital structure to primarily unsecured debt:

Key Points: 
  • October 14, 2021 Triton International Limited (NYSE: TRTN) (Triton or the Company) today announced the following actions implementing the planned transition of Tritons debt capital structure to primarily unsecured debt:
    Tritons subsidiary, Triton Container International Limited (TCIL), has amended and restated its existing revolving credit facility and $1.2 billion term loan facility so that both facilities will now be unsecured.
  • The applicable series of Notes are:
    We are very pleased to have quickly and efficiently concluded this capital structure transition, commented John Burns, Chief Financial Officer.
  • We believe these enhancements to our capital structure were enabled by our market leading position, history of strong financial performance and solid balance sheet.
  • Triton International Limited is the worlds largest lessor of intermodal freight containers.

Banesco USA Names Calixto (Cali) Garcia-Velez as New President and CEO

Thursday, October 14, 2021 - 2:00pm

"The Board of Directors would like to express its appreciation for Mario's management of the bank during the last two years.

Key Points: 
  • "The Board of Directors would like to express its appreciation for Mario's management of the bank during the last two years.
  • The institution made significant progress in executing its strategic plans during his tenure," said Carlos Palomares, Chairman of Banesco USA.
  • Mr. Garcia-Velez commented on his appointment as the new President & CEO of Banesco USA, "I am excited to enhance and continue building upon Banesco USA's unique value proposition and strengths.
  • He also served as President and CEO of Doral Bank, in San Juan, Puerto Rico.