Digital banking

Experian Named "Best Financial Transaction Security Company" in 2023 FinTech Breakthrough Awards Program

Retrieved on: 
Friday, April 28, 2023

LOS ANGELES, April 28, 2023 /PRNewswire-PRWeb/ -- FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that it has selected Experian® as winner of the "Best Financial Transaction Security Company" award in the 7th annual FinTech Breakthrough Awards program.

Key Points: 
  • LOS ANGELES, April 28, 2023 /PRNewswire-PRWeb/ -- FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that it has selected Experian® as winner of the "Best Financial Transaction Security Company" award in the 7th annual FinTech Breakthrough Awards program.
  • Congratulations to the Experian team on being our 'Best Financial Transaction Security Company' for 2023."
  • The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more.
  • The 2023 FinTech Breakthrough Awards program received more than 4,000 nominations from across the globe.

BMO Survey Reveals Changing Online Banking Trends in Canada

Retrieved on: 
Thursday, April 27, 2023

TORONTO, April 27, 2023 /CNW/ - A new BMO survey reveals changing online banking trends in Canada as the majority (81 per cent) of Canadians are using digital banking tools for all or most of their banking, and nearly half (46 per cent) believe their use of digital banking will continue to increase within the next year.

Key Points: 
  • TORONTO, April 27, 2023 /CNW/ - A new BMO survey reveals changing online banking trends in Canada as the majority (81 per cent) of Canadians are using digital banking tools for all or most of their banking, and nearly half (46 per cent) believe their use of digital banking will continue to increase within the next year.
  • Further, as more Canadians move their banking transactions online, over half (58 per cent) find financial literacy an important aspect of online banking and two thirds (65 per cent) want access to personalized advice.
  • Three of BMO's innovative digital solutions were recognized: BMO Savings Amplifier; BMO Same Day Grace Alert ; and BMO Pre-Authorize Payment Manager.
  • In May 2022, BMO ranked first in the Insider Intelligence Canada Mobile Banking Emerging Features Benchmark 2022, reflecting the strength of select emerging features offered on the BMO Mobile Banking app, with top marks in the categories of digital money management, account management and alerts.

Citadel Credit Union Announces Over 20 Percent Asset Increase in 2022

Retrieved on: 
Tuesday, April 25, 2023

EXTON, Pa., April 25, 2023 /PRNewswire/ -- In 2022, Citadel's assets increased from $4.6 billion to $5.6 billion—a record-breaking 20.1 percent increase. During the year, Citadel continued to have strong deposit growth at 15.7 percent over 2021.

Key Points: 
  • Citadel Experiences Significant Growth With Over 20 Percent Increase in Assets and Loans; Publishes 2022 Annual Report
    EXTON, Pa., April 25, 2023 /PRNewswire/ -- In 2022, Citadel's assets increased from $4.6 billion to $5.6 billion—a record-breaking 20.1 percent increase.
  • Not only was 2022 a significant growth year for the credit union, in 2022, Citadel was also named a Best-in-State Credit Union by Forbes Magazine.
  • "Our team at Citadel is extremely pleased to have achieved another year of growth and stability that enables us to continue giving more to our membership," said Jeff March, President and CEO, Citadel Credit Union.
  • Fully documented in the 2022 Annual Report , over the last 5 years, Citadel has experienced an average annual growth rate of 13 percent along with record growth of 20% in 2022.

Discover Financial Services Reports First Quarter 2023 Net Income of $1.0 Billion or $3.58 Per Diluted Share

Retrieved on: 
Wednesday, April 19, 2023

Discover Financial Services (NYSE: DFS) today reported net income of $1.0 billion or $3.58 per diluted share for the first quarter of 2023, as compared to a net income of $1.2 billion or $4.22 per diluted share for the first quarter of 2022.

Key Points: 
  • Discover Financial Services (NYSE: DFS) today reported net income of $1.0 billion or $3.58 per diluted share for the first quarter of 2023, as compared to a net income of $1.2 billion or $4.22 per diluted share for the first quarter of 2022.
  • Net interest income for the quarter increased $653 million, or 26% driven by higher average receivables and net interest margin expansion.
  • Higher revenue was driven by $162 million net losses on equity investments in the prior year quarter compared to $18 million net losses in the current year quarter.
  • During the first quarter of 2023, the company repurchased approximately 11.3 million shares of common stock for $1.2 billion.

Drawbridge Appoints Chris Aronis as Chief Revenue Officer to Accelerate Growth

Retrieved on: 
Tuesday, April 4, 2023

Drawbridge , a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced it has appointed Chris Aronis as its Chief Revenue Officer (CRO).

Key Points: 
  • Drawbridge , a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced it has appointed Chris Aronis as its Chief Revenue Officer (CRO).
  • Aronis will lead the Drawbridge sales, account management and business development teams to accelerate the company’s global growth, enhance client service and evolve its go-to-market strategy.
  • Throughout his career, Aronis has held senior sales and marketing roles at companies such as Charles River, Fiserv, Quovo, Plaid and Sungard.
  • “Drawbridge’s rapid growth and customer satisfaction is a testament to its extraordinary vision and ability to deliver an unmatched cybersecurity platform and customer experience,” said Aronis.

Nucleus Commercial Finance Recognized As "Best Overall Business Lending Company" in 2023 FinTech Breakthrough Awards Program

Retrieved on: 
Wednesday, April 12, 2023

LOS ANGELES, April 12, 2023 /PRNewswire-PRWeb/ -- FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Nucleus Commercial Finance, the fintech revolutionizing how UK SMEs access finance, has been selected as winner of the "Best Overall Business Lending Company" award in the 7th annual FinTech Breakthrough Awards program. In 2022, Nucleus garnered the "Business Lending Innovation Award" from FinTech Breakthrough.

Key Points: 
  • LOS ANGELES, April 12, 2023 /PRNewswire-PRWeb/ -- FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Nucleus Commercial Finance , the fintech revolutionizing how UK SMEs access finance, has been selected as winner of the "Best Overall Business Lending Company" award in the 7th annual FinTech Breakthrough Awards program.
  • In 2022, Nucleus garnered the "Business Lending Innovation Award" from FinTech Breakthrough.
  • Whether an SME requires cash flow finance, property finance or revenue-based lending, Nucleus offers funding solutions at speed.
  • We support growing companies with the finance they need, helping them flourish and grow," said Chirag Shah, Founder & CEO, Nucleus Commercial Finance.

BMO Recognized for Digital Banking Leadership with Two Celent Model Bank Awards

Retrieved on: 
Wednesday, April 5, 2023

TORONTO, April 5, 2023 /CNW/ - BMO today announced that it has been recognized for its leadership in digital transformation and commitment to helping customers make progress with two Celent Model Bank Awards:

Key Points: 
  • TORONTO, April 5, 2023 /CNW/ - BMO today announced that it has been recognized for its leadership in digital transformation and commitment to helping customers make progress with two Celent Model Bank Awards:
    Celent's annual Model Bank Awards recognizes the best practices of technology usage in different areas critical to success in banking.
  • "Being recognized for two Celent Model Bank awards highlights our continued focus on helping our customers improve financial outcomes while driving business value as part of our Digital First transformation."
  • BMO received the Retail Digital Banking Transformation Award for its Canadian Digital Banking (CDB) modernization program .
  • Three of BMO's innovative digital solutions were recognized: BMO Savings Amplifier ; BMO Same Day Grace Alert; and BMO Pre-Authorized Payment Manager .

Opto Investments Wins “Best Alternative Investment Platform” Award in 7th Annual FinTech Breakthrough Awards Program

Retrieved on: 
Thursday, March 30, 2023

Opto Investments (“Opto”), the technology-enabled solution that empowers independent investment advisors to confidently access private markets, today announced that it has been selected as winner of the “Best Alternative Investment Platform” award in the 7th annual FinTech Breakthrough Awards program operated by FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today.

Key Points: 
  • Opto Investments (“Opto”), the technology-enabled solution that empowers independent investment advisors to confidently access private markets, today announced that it has been selected as winner of the “Best Alternative Investment Platform” award in the 7th annual FinTech Breakthrough Awards program operated by FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today.
  • With access to exclusive alternatives managers, Opto works with advisors to build diversified, customized portfolios for their clients.
  • Congratulations to the Opto team on bringing home the ‘Best Alternative Investment Platform’ award for 2023.”
    The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech, and many more.
  • The 2023 FinTech Breakthrough Award program attracted more than 4,000 nominations from across the globe.

TIFIN Wins "Wealth Management Innovation Award" in 7th Annual FinTech Breakthrough Awards Program

Retrieved on: 
Thursday, March 30, 2023

BOULDER, Colo. and NEW YORK, March 30, 2023 /PRNewswire/ -- TIFIN Wealth, the AI-powered wealthtech platform assisting wealth advisory firms with organic growth through advanced data science, today announced that it has been selected as the winner of the 2023 FinTech Breakthrough "Wealth Management Innovation Award." The independent market intelligence organization recognizes the top companies, technologies, and products in the global FinTech market today.

Key Points: 
  • The award recognizes TIFIN Wealth's AI-powered ecosystem of data science and personalized engagement capabilities that identify and drive growth for wealth management firms.
  • The FinTech Breakthrough Awards is the premier awards program founded to recognize FinTech innovators, leaders, and visionaries worldwide in various categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech, and many more.
  • The 2023 FinTech Breakthrough Award program attracted more than 4,000 nominations from across the globe.
  • FinTech Breakthrough Awards winners are fully analyzed, evaluated and scored by our expert panel of judges, representing a mix of technical, business, academic and marketing expertise within the industry

Amberdata Recognized for Digital Asset Data Analytics Innovation at 7th Annual FinTech Breakthrough Awards Program

Retrieved on: 
Tuesday, March 28, 2023

MIAMI, March 28, 2023 /PRNewswire-PRWeb/ -- Amberdata, the leader in digital asset data and analytics for institutional customers, announces that it has been selected as winner of the "Analytics Innovation Award" at the 7th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.

Key Points: 
  • MIAMI, March 28, 2023 /PRNewswire-PRWeb/ -- Amberdata , the leader in digital asset data and analytics for institutional customers, announces that it has been selected as winner of the "Analytics Innovation Award" at the 7th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
  • Amberdata provides institutional-grade data infrastructure for banks, hedge funds and other financial institutions interested in entering the digital asset class.
  • The Amberdata platform delivers comprehensive historical and real-time on-chain, DeFi, and market data, eliminating the need to source and integrate data from multiple vendors.
  • We're proud to be the trusted digital asset data and analytics provider to leading financial institutions entering the digital asset class.