Compliance

Discover Financial Services Reports Fourth Quarter 2021 Net Income of $1.1 Billion or $3.64 Per Diluted Share and Full Year Net Income of $5.4 Billion or $17.83 Per Diluted Share

Retrieved on: 
Wednesday, January 19, 2022 - 9:20pm

Discover Financial Services (NYSE: DFS) today reported net income of $1.1 billion or $3.64 per diluted share for the fourth quarter of 2021, as compared to a net income of $799 million or $2.59 per diluted share for the fourth quarter of 2020.

Key Points: 
  • Discover Financial Services (NYSE: DFS) today reported net income of $1.1 billion or $3.64 per diluted share for the fourth quarter of 2021, as compared to a net income of $799 million or $2.59 per diluted share for the fourth quarter of 2020.
  • For the full year 2021, net income was $5.4 billion or $17.83 per diluted share, compared to $1.1 billion or $3.60 per diluted share for the full year 2020.
  • The fourth quarter of 2021 included a $39 million reserve release, compared to no change in reserves in the fourth quarter of 2020.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

KBR and Mura Awarded Contract for Innovative Plastics Recycling Technology by LG Chem

Retrieved on: 
Wednesday, January 19, 2022 - 9:30pm

HOUSTON, Jan. 19, 2022 /PRNewswire/ -- KBR (NYSE: KBR) announced today that along with Mura, it has secured a contract for its breakthrough plastics recycling technology, Hydro-PRTSM, from LG Chem, Korea.

Key Points: 
  • HOUSTON, Jan. 19, 2022 /PRNewswire/ -- KBR (NYSE: KBR) announced today that along with Mura, it has secured a contract for its breakthrough plastics recycling technology, Hydro-PRTSM, from LG Chem, Korea.
  • Under the terms of the contract, KBR will provide technology licensing and engineering to implement the innovative and scalable Hydro-PRTSM technology at LG Chem's Dangjin plant.
  • Hydro-PRTSM was developed by Mura and is licensed exclusively by KBR.
  • "We are proud to work with LG Chem to support them with their sustainability initiatives," said Doug Kelly, KBR President, Technology.

Union Bankshares Announces Earnings for the year ended December 31, 2021 and Declares 6.1% Increase in Quarterly Dividend

Retrieved on: 
Wednesday, January 19, 2022 - 7:42pm

These changes resulted in net interest income of $9.2 million, an increase of $1.1 million, or 13.6%, quarter over quarter.

Key Points: 
  • These changes resulted in net interest income of $9.2 million, an increase of $1.1 million, or 13.6%, quarter over quarter.
  • Noninterest income was $3.0 million for the three months ended December 31, 2021 compared to $5.0 million for the same period in 2020.
  • A larger earning asset base and a $1.9 million increase in PPP fee income contributed to the increase in interest income.
  • Interest expense was $3.6 million for the year ended December 31, 2021 compared to $5.1 million for the year ended December 31, 2020.

Appian To Announce Fourth Quarter and Full Year 2021 Financial Results on February 17

Retrieved on: 
Wednesday, January 19, 2022 - 9:05pm

MCLEAN, Va., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Appian (NASDAQ: APPN) today announced that it will release financial results for the fourth quarter ended December 31, 2021, and full year ended December 31, 2021 following the close of market onThursday, February 17, 2022.

Key Points: 
  • MCLEAN, Va., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Appian (NASDAQ: APPN) today announced that it will release financial results for the fourth quarter ended December 31, 2021, and full year ended December 31, 2021 following the close of market onThursday, February 17, 2022.
  • The company will host a conference call and live webcast to review its financial results and business outlook.
  • Combining people, technologies, and data in a single workflow, Appian can help companies maximize their resources and improve business results.
  • Many of the worlds largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance.

Q2 Helps UK-Based Knoma Offer Zero-interest, No-fee Student Loans in Minutes

Retrieved on: 
Wednesday, January 19, 2022 - 6:00pm

By harnessing Q2 Lending, which securely automates end-to-end loan management from application to repayment, Knoma has created a fast, cost-effective system to transform the student lending industry.

Key Points: 
  • By harnessing Q2 Lending, which securely automates end-to-end loan management from application to repayment, Knoma has created a fast, cost-effective system to transform the student lending industry.
  • Weve flipped the student financing model on its head by having our educational partners pay the interest on the loan, instead of charging the student.
  • Q2 Lending which incorporates Q2 Originate, Q2 Portal and Q2 Loan servicing serves as Knomas backbone and provides students with a clean, modern interface from loan application to payoff.
  • To learn more about Knoma and Q2 Lending:
    VIDEO: FINTECH Circle: Responsible Fintech featuring Q2 and Knoma.

Cooley Expands Financial Services Capabilities With Top Litigation Team

Retrieved on: 
Wednesday, January 19, 2022 - 6:45pm

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Michelles focus on defending providers of consumer financial services in supervisory and enforcement matters, paired with the teams deep history of working with banks, nonbank financial services providers and fintech companies, will contribute meaningfully to our mission of strategically enhancing our best-in-class financial services and government enforcement practice, added Obrea Poindexter , who co-chairs Cooleys financial services regulatory practice alongside Sean Ruff .
  • Rogers has been recognized by Chambers USA for Nationwide Financial Service Regulation: Banking (Enforcement & Investigations), and Legal 500 for Financial Services: Litigation, Financial Services: Regulation, Fintech and Cyber Law.
  • I am excited to join this fantastic team to expand its enforcement and litigation capabilities, further solidifying Cooleys place as a destination for regulatory, enforcement and litigation support for financial services providers.
  • Halliday represents financial services industry clients in a wide range of litigation matters, including class actions, government enforcement matters, regulatory examinations and internal investigations.

AdminaHealth® Announces Younes Ismael-Aguirre as CFO

Retrieved on: 
Wednesday, January 19, 2022 - 8:13pm

GREENWICH, Conn., Jan. 19, 2022 /PRNewswire/ --AdminaHealth, a leading provider of automated benefits billing solutions for the healthcare, insurance, and employee benefits marketplace, today announced the hire of Younes Ismael-Aguirre as Chief Financial Officer.

Key Points: 
  • GREENWICH, Conn., Jan. 19, 2022 /PRNewswire/ --AdminaHealth, a leading provider of automated benefits billing solutions for the healthcare, insurance, and employee benefits marketplace, today announced the hire of Younes Ismael-Aguirre as Chief Financial Officer.
  • As AdminaHealth further accelerates innovation and expansion of their industry-recognized premium billing software, Ismael-Aguirre brings seasoned financial executive experience to the company's leadership team.
  • Skilled at implementing strategy and solutions based on in-depth financial analysis, Ismael-Aguirre has a record of minimizing organizations' finance-related risk and positively impacting their bottom line.
  • For more information about the industry-recognized AdminaHealth Billing Suite SaaS technology platform and how you can automate your employee benefits invoice reconciliation and consolidation, visit AdminaHealth.com .

USCG Leverages the SailPlan Platform to Monitor Marine Infrastructure, Increasing Port Efficiency and Helping Achieve Climate Goals

Retrieved on: 
Wednesday, January 19, 2022 - 6:04pm

The deployment is part of SailPlan's rapidly expanding portfolio of customers seeking to accelerate the connectivity of marine infrastructure and systems.

Key Points: 
  • The deployment is part of SailPlan's rapidly expanding portfolio of customers seeking to accelerate the connectivity of marine infrastructure and systems.
  • SailPlan and the USCG will collect data, perform studies, and increase infrastructure resilience while reducing ATON maintenance costs.
  • This contract with the USCG brings legacy marine infrastructure into the 21st century," said Jacob Ruytenbeek, Founder and CEO of SailPlan.
  • "SailPlan will benefit not only the USCG but also port authorities looking to monitor emissions compliance and air quality."

WEEX Officially Launched, Leading the New Experience of Digital Finance

Retrieved on: 
Wednesday, January 19, 2022 - 12:14pm

WEEX has improved many functions since its public beta, made the experience smoother, and upgraded its recharge and withdrawal systems.

Key Points: 
  • WEEX has improved many functions since its public beta, made the experience smoother, and upgraded its recharge and withdrawal systems.
  • WEEX is committed to safety compliance and provides the most professional, best service, and most private technology for trading.
  • It is committed to shaping the security of the digital currency trading industry to become a world-class platform for digital currency trading.
  • People can also follow the official WEEX platform on Facebook , Medium , Discord , Reddit , Twitter , and Weibo to learn more.

Psygen Receives Dealer's Licence from Health Canada

Retrieved on: 
Monday, January 17, 2022 - 3:57pm

Global Reach for Canada's Only Dedicated Manufacturer of Synthetic Psychedelics

Key Points: 
  • Psygen has over twenty supply agreements in place for psilocybin, DMT, ibogaine, 5-MeO-DMT, MDMA and LSD to be fulfilled globally from production at the Psygen facility.
  • Psygen also provided Health Canada with consent to be identified on a public list as a licensed dealer able to provide GMP psilocybin for use in patients through Canada's special access program (the "SAP").
  • On January 5, 2022, the Food and Drug Regulations (Canada) were amended to allow access to restricted drugs such as psilocybin and MDMA through the SAP.
  • "A primary application for psychedelics is to support psychotherapy for treatment of mental health conditions.