Treasury management

KPMG Announces Google Cloud Center of Excellence to Advance Responsible Adoption of Generative AI

Retrieved on: 
Wednesday, April 3, 2024
Cloud, Arvest Bank, Google Cloud, KPMG, Organization, Forecasting, Trust (social science), Partnership, Business, Loan, Strategic planning, AI, COE, Treasury management, Fortune 500, KPMG LLP, Workforce, Treasury, Sales

KPMG will bring Google Cloud technology to its workforce and build trusted GenAI solutions that accelerate business transformation for clients

Key Points: 
  • The expanded partnership features the establishment of a KPMG Google Cloud Center of Excellence (CoE) that will combine Google Cloud's leading AI technologies with KPMG's industry knowledge and deep functional expertise to support business transformation for enterprise clients.
  • The CoE will combine Gemini AI models, Vertex AI and other leading Google Cloud technology with KPMG industry and product expertise, to help enterprises drive and deploy generative AI innovation.
  • As part of the CoE, Google Cloud will work with KPMG to upskill KPMG professionals on Google Cloud AI technologies.
  • This will help rapidly boost existing GenAI skills and help KPMG further deliver generative AI solutions to drive innovation for KPMG clients and the firm itself.

Busey Bank Partners with CorServ to Implement a Modern Credit Card Program for Commercial Customers

Retrieved on: 
Monday, April 8, 2024
Interchange, Treasury, Level 2, Busey Bank, Treasury management, EVP, Bank

ATLANTA, April 8, 2024 /PRNewswire-PRWeb/ -- CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Busey Bank ($12.5 billion in assets) to launch a modern credit card program for their commercial customers.

Key Points: 
  • ATLANTA, April 8, 2024 /PRNewswire-PRWeb/ -- CorServ , a company that empowers banks and fintechs with payment programs, has partnered with Busey Bank ($12.5 billion in assets) to launch a modern credit card program for their commercial customers.
  • "CorServ's commercial card program provides us with tools for credit decisioning, options for local servicing, and custom rebates which empower Busey Bank to better serve our commercial customers compared to what National card issuers can offer."
  • Aiming to add a comprehensive credit card solution to their suite of commercial banking services, Busey Bank transitioned out of an Agent Bank program to CorServ's Account Issuer Program.
  • With more control over credit decisions for their customers, Busey Bank will leverage CorServ's innovative solution to offer its commercial and business customers a comprehensive credit card program.

Cambridge Savings Bank Supports the Expansion of Fair Haven Community Health Care with Loans Totaling Over $26 Million

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Health, Hospitals, Other Health, Finance, Banking, Community, Savings bank, Dental care, Organization, Patient, History, CSB, CHC, Senior, Treasury management, Pediatrics, Pharmacy, Yale University, Corporation

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Corporate Banking team has provided Fair Haven Community Health Care (Fair Haven CHC) with a combined $26.1 million in loans to support its expansion.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Corporate Banking team has provided Fair Haven Community Health Care (Fair Haven CHC) with a combined $26.1 million in loans to support its expansion.
  • Based in New Haven, Connecticut, Fair Haven CHC provides low-income families with accessible, high-quality medical and dental care, regardless of their ability to pay.
  • With 20 locations including 12 satellite centers at local greater New Haven schools, Fair Haven CHC currently serves over 34,000 patients across a wide range of primary and specialty care services.
  • “Cambridge Savings Bank's community-focused approach and clear understanding of our mission have made the bank an invaluable ally in our expansion efforts.

Cambridge Savings Bank Provides Stauer With a $10.5 Million Credit Facility to Facilitate Future Growth

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Online Retail, Retail, Jewelry, Luxury, Finance, Banking, Savings bank, Growth, CSB, Senior, Treasury management, ABL, Jewellery, Bank

Stauer will leverage the financing to repay its outstanding revolver and term loan balance, finance ongoing working capital needs, and support daily operations.

Key Points: 
  • Stauer will leverage the financing to repay its outstanding revolver and term loan balance, finance ongoing working capital needs, and support daily operations.
  • “Cambridge Savings Bank stood out to us in our search for lending solutions because they employ the same customer-centric approach to everything that they do.
  • The bank has already played a crucial role in helping the online retailer with a flexible lending package that allows for future growth.
  • “At Cambridge Savings Bank, we strive to foster genuine relationships with each individual and business that we serve,” added Yvonne Kizner , Senior Vice President, Asset-Based Lending at CSB.

Cadence Bank Announces Simplified Organizational Structure and Expanded Roles for Key Executives

Retrieved on: 
Friday, March 29, 2024
Burger King, Cadence Bank, Private, Growth, CFO, Foreign exchange market, Nike, Entrepreneurship, Internal audit, Assurant, Treasury, Marketing, Treasury management, Freeman, Retirement, CADE, Alternative investment, Corporate communication, Aptitude, Management

Effective immediately, he will assume the role of special advisor to the chief banking officer through June 30, 2024.

Key Points: 
  • Effective immediately, he will assume the role of special advisor to the chief banking officer through June 30, 2024.
  • Mary Katherine Franklin will transition from private banking executive to chief credit officer of the Corporate Bank, reporting to Chris Bagley.
  • Since the merger of legacy BancorpSouth Bank and legacy Cadence Bank in October 2021, the company's Management Committee has been consolidated from 15 to 12 members.
  • "I could not be more encouraged for the future of Cadence Bank," added Rollins.

More Convenience. More Flexibility. Regions Bank Launches Visa Commercial Pay Mobile for Corporate Banking Clients

Retrieved on: 
Tuesday, March 5, 2024
Personal Finance, Apps, Applications, Technology, Payments, Finance, Banking, Professional Services, Digital Cash Management, Digital Assets, Data Management, Asset Management, Multimedia, Bank, Sale, Treasury management, Region, Acceleration, Heart, Treasury, Regions Financial Corporation, Travel, Online shopping

With the launch of Visa Commercial Pay Mobile, business clients can now create virtual accounts to use for payments beyond travel expenses by using a mobile application.

Key Points: 
  • With the launch of Visa Commercial Pay Mobile, business clients can now create virtual accounts to use for payments beyond travel expenses by using a mobile application.
  • Visa Commercial Pay Mobile supports overall cash-management strategies that many businesses need to help reduce manual payment processing and optimize cash flow operations.
  • Regions worked with Visa on functionality support for Visa Commercial Pay Mobile, including product development, pilot testing, product validation and associate training.
  • “At a time when businesses want more technology tools to manage their cash flow, Visa Commercial Pay Mobile provides greater options for payment needs.

Cambridge Savings Bank Leads $45M Participation Loan for Modera Wealth Management, LLC’s Transaction with Parsec Financial Management, Inc.

Retrieved on: 
Thursday, February 22, 2024
Banking, Professional Services, Finance, Savings bank, CSB, Growth, Treasury management, Attention, RIAS, Parsec, Partnership, Financial services

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it was the lead bank in a $45 million participation loan for Modera Wealth Management, LLC (Modera)’s transaction with Parsec Financial Management, Inc (Parsec).

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it was the lead bank in a $45 million participation loan for Modera Wealth Management, LLC (Modera)’s transaction with Parsec Financial Management, Inc (Parsec).
  • Modera oversees more than $11.4 billion in assets as of October 1, 2023 with more than 190 employees, including 83 Certified Financial Planners®, across 16 offices.
  • “Our partnership with Cambridge Savings Bank has been instrumental during this period of strategic growth,” said Orecchio.
  • Following this transaction, Modera has continued to operate as an independent entity, maintaining majority ownership and control by its employees.

JPMorgan Chase Earns 20 Greenwich Excellence and Share Leader Awards for US Small Business and Middle Market Banking

Retrieved on: 
Wednesday, February 21, 2024
Finance, Banking, Professional Services, Small Business, Asset Management, Online, Digital transformation, Data structure, Small business, Investment, Digital, Chase, Organization, Treasury management, Attention, Business, Portal vein, Integration, JPMorgan Chase, Cryptocurrency

JPMorgan Chase announced today it has received top honors in the prestigious 2023 Greenwich Excellence Awards, including two Greenwich Share Leader distinctions for achieving #1 market share for U.S. Small Business and #1 market share for U.S. Middle Market Banking.1 Overall, the firm earned a combined 20 awards for its best-in-class customer experience provided to small and middle market businesses.

Key Points: 
  • JPMorgan Chase announced today it has received top honors in the prestigious 2023 Greenwich Excellence Awards, including two Greenwich Share Leader distinctions for achieving #1 market share for U.S. Small Business and #1 market share for U.S. Middle Market Banking.1 Overall, the firm earned a combined 20 awards for its best-in-class customer experience provided to small and middle market businesses.
  • In the same cash management category, small business clients ranked the bank highly for its overall digital experience, and middle market banking clients expressed great satisfaction for the bank’s cash management overall, resulting in national and regional recognitions.
  • Both small and middle market banking clients expressed that they would be likely to recommend JPMorgan Chase.
  • “Chase for Business serves more than 6 million small business clients across the country.

Koxa, PNC Bank Introduce Embedded Banking Integration for Companies Using Workday

Retrieved on: 
Monday, March 4, 2024
ERP, API, Camellia, Digital, PNC Financial Services, Treasury, Treasury management, PNC, Cryptocurrency

NEW YORK, March 4, 2024 /PRNewswire/ -- Koxa Corp. today announced a new embedded finance integration with PNC Bank to deliver an embedded banking experience to PNC clients using the Workday Enterprise Resource Planning (ERP) system.

Key Points: 
  • NEW YORK, March 4, 2024 /PRNewswire/ -- Koxa Corp. today announced a new embedded finance integration with PNC Bank to deliver an embedded banking experience to PNC clients using the Workday Enterprise Resource Planning (ERP) system.
  • With the integration, PNC's corporate and commercial banking clients will be able to retrieve real-time balance and transaction information, and submit, approve and reconcile payments, all from inside their ERP system using the PINACLE Connect for Workday integration.
  • "Our Workday integration, powered by Koxa, is further proof of our commitment to deliver modern technology to help our clients manage their cash position and automate manual financial processes."
  • In recent years, PNC Bank has launched other embedded banking experiences for its clients through its API developer portal ( developer.pnc.com ) and PINACLE Connect integrations, built on the foundation of its industry-leading commercial and corporate banking platform, PINACLE.

NexTier, Inc. and Mars Bancorp, Inc. Complete Merger

Retrieved on: 
Tuesday, February 20, 2024
Treasury management, NexTier Bank, Organization, Knowledge, Trust, Treasury, Bank

("NexTier Bank") has completed its merger, effective February 16, 2024, with Mars Bancorp, Inc. ("Mars") (OTCQX: MNBP), including its wholly-owned subsidiary, Mars Bank.

Key Points: 
  • ("NexTier Bank") has completed its merger, effective February 16, 2024, with Mars Bancorp, Inc. ("Mars") (OTCQX: MNBP), including its wholly-owned subsidiary, Mars Bank.
  • The merger of Mars into NexTier enhances NexTier's geographic footprint.
  • "Joining together with Mars Bank provides us the opportunity to expand into Mercer County", stated Clem Rosenberger, President & CEO of NexTier.
  • "Mars Bank customers will have access to enhanced deposit and lending products, digital banking solutions, and Treasury Management services.