ING Group

EQ Bank launches US Dollar Account for Canadians looking to get the most out of their money

Thursday, June 10, 2021 - 3:00pm

"Our EQ Bank US Dollar Account solves several problems for Canadians: from combating notoriously low interest rates to figuring out a better way to send money to loved ones or move it between accounts," said Mahima Poddar, Group Head of Personal Banking at EQ Bank.

Key Points: 
  • "Our EQ Bank US Dollar Account solves several problems for Canadians: from combating notoriously low interest rates to figuring out a better way to send money to loved ones or move it between accounts," said Mahima Poddar, Group Head of Personal Banking at EQ Bank.
  • EQ Bank customers can open a US Dollar Account in just a few clicks.
  • As with all Equitable Bank and EQ Bank account products, US dollar deposits are eligible for Canada Deposit Insurance Corporation (CDIC) protection.
  • EQ Bank, the digital banking platform launched in 2016 by Equitable Bank (a federally regulated Schedule I bank), provides state-of-the-art digital banking services.

Scotiabank Takes Top Spot In The J.D. Power 2021 Online Banking Satisfaction Study For The Second Year In A Row

Thursday, June 10, 2021 - 2:59pm

Power 2021 Canada Online Banking Satisfaction Study for the second year in a row.

Key Points: 
  • Power 2021 Canada Online Banking Satisfaction Study for the second year in a row.
  • In addition to ranking first inOnline Banking, Scotiabank was also recognized with the #1 spot in the J.D.
  • Power 2021 Online Banking Satisfaction Study surveyed 1,784 online banking customers in Canada from March 1, 2021 to April 5, 2021.
  • The study evaluated online banking satisfaction with the five major Canadian banks across four factors (navigation, visual appeal, speed and information/content).

Voya Financial completes sale of independent financial planning channel

Wednesday, June 9, 2021 - 9:15pm

Voya Financial, Inc. (NYSE: VOYA), announced today that it has completed the sale of Voya Financial Advisors (VFA) independent financial planning channel to Cetera Financial Group, Inc. (Cetera).

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today that it has completed the sale of Voya Financial Advisors (VFA) independent financial planning channel to Cetera Financial Group, Inc. (Cetera).
  • More than 800 independent financial professionals serving retail customers have become part of Cetera, while approximately 600 field and phone-based financial professionals will remain with VFA to continue to support Voyas workplace businesses and clients.
  • Voya Financial, Inc. (NYSE: VOYA), provides health, wealth and investment solutions that enable its approximately 14.8 million individual, workplace and institutional clients to achieve their financial wellness goals with confidence.
  • Follow Voya Financial on Facebook , LinkedIn and Twitter @Voya .

Virgin Money Australia Digital Bank Goes Live with Temenos

Wednesday, June 9, 2021 - 8:00am

-- Challenger digital bank goes live on The Temenos Banking Cloud, creating a unique digital service that simplifies banking, rewards customers and helps them achieve their financial goals

Key Points: 
  • -- Challenger digital bank goes live on The Temenos Banking Cloud, creating a unique digital service that simplifies banking, rewards customers and helps them achieve their financial goals
    GENEVA, Switzerland, June 9, 2021 /PRNewswire/ -- Temenos (SIX: TEMN), the banking software company, announced that Virgin Money Australia is live on The Temenos Banking Cloud, enabling the digital bank to innovate fast and differentiate with an ecosystem of partners to create a unique digital service that simplifies banking, rewards customers and helps them achieve their financial goals.
  • As part of Bank of Queensland (BOQ), the successful launch of Virgin Money on The Temenos Banking Cloud paves the way for other retail brands under the BOQ Group umbrella to transition to Temenos' cloud-based core banking platform.
  • Virgin Money has ambitions to disrupt the Australian banking market with a new kind of digital bank for millennials, one that embraces simplicity and rejects financial complexity.
  • Max Chuard, CEO, Temenos, said: "We are proud to partner with Virgin Money Australia to power its ground-breaking digital bank.

First Federal Bank of Kansas City Joins with Narmi to Deliver World Class Digital Banking and Account Opening Experience

Tuesday, June 8, 2021 - 5:38pm

KANSAS CITY, Mo., June 8, 2021 /PRNewswire/ --First Federal Bank of Kansas City today announced a partnership with Narmi to launch a new consumer digital banking, business digital banking and account-opening experience.

Key Points: 
  • KANSAS CITY, Mo., June 8, 2021 /PRNewswire/ --First Federal Bank of Kansas City today announced a partnership with Narmi to launch a new consumer digital banking, business digital banking and account-opening experience.
  • The Kansas-City-based bank uses Fiserv's DNA core banking system and is the latest addition to Narmi's growing list of bank customers.
  • "Partnering with Narmi brings improved, next-generation digital tools to First Federal's 25,000 customers to make banking with us simpler, faster, and better," said J.R. Buckner, bank President and CEO.
  • www.ffbkc.com
    Narmi builds enterprise solutions across consumer digital banking, business banking and digital account opening.

First Internet Bank Named 2021 Top Workplace by Indianapolis Star

Tuesday, June 8, 2021 - 2:49pm

First Internet Bank is one of the Top Workplaces in Central Indiana , placing third among midsized companies (150-399 employees).

Key Points: 
  • First Internet Bank is one of the Top Workplaces in Central Indiana , placing third among midsized companies (150-399 employees).
  • This marks the eighth consecutive year First Internet Bank has been selected for this honor.
  • Our employees take pride in the supportive and collaborative culture they have built, said First Internet Bank President and CEO David Becker.
  • First Internet Bank opened for business in 1999 as an industry pioneer in the branchless delivery of banking services.

Happy State Bank Selects FINBOA to Improve Fraud Prevention Rate and Reg E Claim Processing Time

Tuesday, June 8, 2021 - 2:31pm

Due to multiple 2019 bank acquisitions, the Texas-based Happy State Bank and Trust Co. experienced an increase in electronic payment transaction volume.

Key Points: 
  • Due to multiple 2019 bank acquisitions, the Texas-based Happy State Bank and Trust Co. experienced an increase in electronic payment transaction volume.
  • Seeking a solution to automate their existing manual dispute process, Happy State Bank tapped FINBOA for Regulation E Dispute Tracking to gain efficiency and avoid additional training cost, audit risk, processing time and claim losses.
  • I recommend FINBOA to everybody it has significantly improved our banks efficiency with dispute tracking, said Lourdes Aranda, VP, Support Manager of Happy State Bank.
  • Together, Happy State Bank and FINBOA will continue to empower staff by increasing operational efficiency and saving valuable hours of their time.

Sound Point Capital Acquires CVC Credit’s U.S. Direct Lending Unit

Tuesday, June 8, 2021 - 1:00pm

Sound Point Capital Management, LP, a credit-oriented investment management firm overseeing approximately $25 billion in total assets, is pleased to announce that it has acquired the U.S. direct lending platform of CVC Credit.

Key Points: 
  • Sound Point Capital Management, LP, a credit-oriented investment management firm overseeing approximately $25 billion in total assets, is pleased to announce that it has acquired the U.S. direct lending platform of CVC Credit.
  • Messrs Newberry and DeSantis have each been named Co-Head of Direct Lending at Sound Point.
  • New York-based Sound Point in May 2018 launched its Strategic Capital Fund with approximately $500 million in committed capital from investors.
  • In total, CVC Credits U.S. direct lending platform being absorbed by Sound Point has deployed more than $1.7 billion across 88 transactions.

Zhangmen Education Inc. Announces Pricing of Initial Public Offering

Tuesday, June 8, 2021 - 9:20am

Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as active joint bookrunners and representatives of the underwriters for the offering.

Key Points: 
  • Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC are acting as active joint bookrunners and representatives of the underwriters for the offering.
  • Zhangmen Education Inc. (NYSE: ZME) is a leading online education company in China focused on providing personalized online courses to K-12 students.
  • The Company's core course offerings encompass one-on-one and small-class after-school tutoring services covering all core K-12 academic subjects, with an established portfolio of well-recognized online education brands including Zhangmen one-on-one, Zhangmen Small Class, Zhangmen Kids and Xiaoli.
  • Over the years, the Company has successfully garnered wide recognition in the industry and established "Zhangmen" as a trusted online education brand.

SurgePays, Inc. to Present at the LD Micro Virtual Invitational Conference on June 10, 2021

Monday, June 7, 2021 - 2:01pm

BARTLETT, Tenn., June 07, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (OTCQB: SURG), a blockchain fintech company building a next generation supply chain network that offers wholesale goods and financial services for the underbanked more cost efficiently than traditional distribution models, today announced that Chief Executive Officer Brian Cox will present a corporate overview at the three-day LD Micro Virtual Invitational Conference being held on June 8 10, 2021.

Key Points: 
  • BARTLETT, Tenn., June 07, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (OTCQB: SURG), a blockchain fintech company building a next generation supply chain network that offers wholesale goods and financial services for the underbanked more cost efficiently than traditional distribution models, today announced that Chief Executive Officer Brian Cox will present a corporate overview at the three-day LD Micro Virtual Invitational Conference being held on June 8 10, 2021.
  • Mr. Cox will deliver his corporate presentation on June 10 at 2:00pm ET, Track 1.
  • SurgePays, Inc. utilizes its blockchain software platform to offer a comprehensive suite of prepaid, financial services for the underbanked, and top selling wholesale products to independently owned convenience stores, mini-marts, tiendas, and bodegas more cost efficiently than existing wholesale distribution models.
  • Please visit www.SurgePays.com for more information.