ING Group

Live Oak Bank Transforms its Digital Banking Operations Running Finxact Cloud-Native Core

Monday, September 21, 2020 - 7:29pm

JACKSONVILLE, Fla., Sept. 21, 2020 /PRNewswire/ -- Finxact , the leader in Core as a Service banking, announced today that Live Oak Bank (Live Oak), the nation's leading small business bank, is now powering its digital banking ecosystem with the Finxact core.

Key Points: 
  • JACKSONVILLE, Fla., Sept. 21, 2020 /PRNewswire/ -- Finxact , the leader in Core as a Service banking, announced today that Live Oak Bank (Live Oak), the nation's leading small business bank, is now powering its digital banking ecosystem with the Finxact core.
  • This week the bank began offering business savings and CDs on the Finxact platform to Live Oak's rapidly growing deposit customer base.
  • In the Live Oak deployment, Finxact is integrated with a number of other best-in-class Fintech providers that deliver a full stack of banking services to Live Oak's customers.
  • "We're excited to provide the core banking platform that Live Oak Bank will rely on to implement their vision of the future of banking in the digital era," said Frank Sanchez, CEO and founder of Finxact.

WeLab Bank Teams Up with Solace to Achieve Digital Banking Ambitions

Thursday, September 17, 2020 - 1:33am

Through the partnership with Solace, WeLab Bank can also continue to deliver innovative and game-changing financial service products to all customers.

Key Points: 
  • Through the partnership with Solace, WeLab Bank can also continue to deliver innovative and game-changing financial service products to all customers.
  • Solace's secure and scalable messaging backbone has been invaluable in helping WeLab Bank shorten the time-to-market for our current and future digital bank offerings," said Kenneth Chau , Chief Technology Officer at WeLab Bank.
  • "Solace is proud to be a part of Hong Kong's digital banking revolution by working with WeLab Bank to bring a next-generation banking experience to fruition," said Sumeet Puri , Chief Technology Solutions Officer, Solace.
  • WeLab Bank Limited ("WeLab Bank" or the "Bank"), is a homegrown virtual bank licensed by the Hong Kong Monetary Authority ("HKMA").

Aegon Bank publishes first half 2020 report

Friday, September 11, 2020 - 7:00am

Aegon Bank N.V. has published its first half 2020 report, which describes how the company has performed and contains interim financial information on a statutory basis.

Key Points: 
  • Aegon Bank N.V. has published its first half 2020 report, which describes how the company has performed and contains interim financial information on a statutory basis.
  • Aegon Bank N.V. is part of Aegon the Netherlands and currently operates under two brands: Aegon Bank, an online retail savings bank, and Knab, an online bank for retail and self-employed customers.
  • Aegon Bank N.V. develops savings and investment products, and supports Aegons purpose of helping people achieve a lifetime of financial security.
  • Aegon Bank N.V. also offers a platform for funding mortgages for Aegon the Netherlands.

DGAP-News: CPI PROPERTY GROUP - Additional Short-Term Debt Repayment

Friday, September 4, 2020 - 7:01pm

CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income generating real estate in the Czech Republic, Berlin and the CEE region, announces the repayment of EUR 39.5 million of schuldschein maturing in 2023.

Key Points: 
  • CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income generating real estate in the Czech Republic, Berlin and the CEE region, announces the repayment of EUR 39.5 million of schuldschein maturing in 2023.
  • The schuldschein were purchased in the secondary market.
  • Year-to-date, CPIPG has repaid nearly EUR 900 million of debt maturing in 2022, 2023, 2024 and 2025 and will continue to explore opportunities to optimize the Group's capital structure.
  • For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
    For further information please contact:

Voya Financial to Present at Virtual KBW Insurance Conference

Friday, September 4, 2020 - 1:33pm

Voya Financial, Inc. (NYSE: VOYA) today announced that Rodney O. Martin, Jr., chairman and chief executive officer, and Michael Smith, chief financial officer, are scheduled to participate in the Virtual KBW Insurance Conference on Wednesday, Sept. 9, 2020 at approximately 3:50 p.m.

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA) today announced that Rodney O. Martin, Jr., chairman and chief executive officer, and Michael Smith, chief financial officer, are scheduled to participate in the Virtual KBW Insurance Conference on Wednesday, Sept. 9, 2020 at approximately 3:50 p.m.
  • The replay of the presentation will be available at the following link on the Voya investor relations website: https://wsw.com/webcast/kbw62/voya/1693812 .
  • Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings to get ready to retire better.
  • Follow Voya Financial on Facebook , LinkedIn and Twitter @Voya .

Voya Financial Provides Update on Sale of Individual Life Business and Other Closed Blocks

Tuesday, September 1, 2020 - 1:00pm

Voya previously announced that it has sold these businesses to Resolution Life Group Holdings (Resolution Life) pursuant to a Master Transaction Agreement dated Dec. 19, 2019.

Key Points: 
  • Voya previously announced that it has sold these businesses to Resolution Life Group Holdings (Resolution Life) pursuant to a Master Transaction Agreement dated Dec. 19, 2019.
  • As we shared on our second-quarter earnings call last month, Voya and Resolution Life have made outstanding progress on the sale of Voyas Individual Life and legacy non-retirement annuities closed blocks, said Rodney O. Martin, Jr, chairman and chief executive officer, Voya Financial, Inc.
  • Voya will also take an interest in Resolution Life, the parent investment fund of Resolution Life US.
  • Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings to get ready to retire better.

Voya Financial Releases 2019/2020 Impact Report: Resilience and Renewal

Monday, August 31, 2020 - 2:00pm

Voya Financial, Inc. (NYSE: VOYA), announced today that it has published its 2019/2020 Impact Report, which reinforces the companys values as it relates to serving its people, clients and communities.

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today that it has published its 2019/2020 Impact Report, which reinforces the companys values as it relates to serving its people, clients and communities.
  • The title of this years report Resilience and Renewal underscores the character of Voyas employees and its enterprise.
  • Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings to get ready to retire better.
  • Follow Voya Financial on Facebook , LinkedIn and Twitter @Voya .

Global Digital Banking Platform Market Analysis & Forecast 2020-2026 - ResearchAndMarkets.com

Tuesday, August 25, 2020 - 2:29pm

The "Global Digital Banking Platform Market By Component (Solution and Services), By Deployment Type (On-premise and Cloud), By Type (Retail Banking and Corporate Banking), By Banking Mode (Online Banking and Mobile Banking), By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Digital Banking Platform Market By Component (Solution and Services), By Deployment Type (On-premise and Cloud), By Type (Retail Banking and Corporate Banking), By Banking Mode (Online Banking and Mobile Banking), By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
  • The Global Digital Banking Platform Market is expected to reach $9 billion by 2026, rising at a market growth of 16% CAGR during the forecast period.
  • The factors driving the growth of the global digital banking platform market are the increased importance of digital customer experience, a shorter replacement cycle, and increased security and reliability.
  • The emerging trend of digital transformation in the global banking industry is increasing the market for digital banking platforms.

Barings Backs Hg's Acquisition of F24

Friday, August 21, 2020 - 5:53pm

LONDON, Aug. 21, 2020 /PRNewswire/ -- Barings, one of the world's leading financial services firms, today announced that it has served as lead arranger of a senior secured credit facility to support Hg in its acquisition of F24.

Key Points: 
  • LONDON, Aug. 21, 2020 /PRNewswire/ -- Barings, one of the world's leading financial services firms, today announced that it has served as lead arranger of a senior secured credit facility to support Hg in its acquisition of F24.
  • Headquartered in Germany, F24 is a leading provider of emergency notification, crisis & incident management, and critical communications solutions.
  • "F24 provides software that is essential to business continuity teams in being prepared and acting promptly in response to critical incidents.
  • This marks our second transaction together this year, following Barings' support of Hg's acquisition of smartTrade Technologies in March," added Mark Wilton, Managing Director of Barings' European Private Finance group.

Startup Branch Insurance Launches Reciprocal Exchange in Ohio to Lower the Cost of Insurance

Friday, August 21, 2020 - 3:42pm

COLUMBUS, Ohio, Aug. 21, 2020 /PRNewswire/ -- Columbus-headquartered insurance startup, Branch , formerly operating as an MGA, has just launched the Branch Insurance Exchange in Ohio to further reduce the cost for its members.

Key Points: 
  • COLUMBUS, Ohio, Aug. 21, 2020 /PRNewswire/ -- Columbus-headquartered insurance startup, Branch , formerly operating as an MGA, has just launched the Branch Insurance Exchange in Ohio to further reduce the cost for its members.
  • Branch is powered by community, and as the first reciprocal exchange launched in Ohio in 75 years, it further disintermediates the insurance value chain, creating even less expensive insurance for its members.
  • The Branch Insurance Exchange is owned by its members and professionally managed by Branch for a low, fixed 5% fee.
  • Branch plans to launch the Branch Insurance Exchange in the four remaining states where it operates and throughout the country as it continues its nationwide expansion.