Desjardins Group

Theratechnologies Appoints Elina Tea to its Board of Directors

Retrieved on: 
Friday, April 5, 2024
Corporation, SNC-Lavalin, McGill University, Chair, Desjardins Group, Office of the President, Commerce, TSX, GLS, M&A, Corporate development, RBC Capital Markets, Management

Tea will be Investissement Québec’s designee pursuant to its investor rights agreement with the Company.

Key Points: 
  • Tea will be Investissement Québec’s designee pursuant to its investor rights agreement with the Company.
  • “Elina Tea’s extensive experience in finance, corporate strategy, and investor relations makes her a valuable addition to our Board of Directors,” said Dawn Svoronos, Chair of the Board of Directors at Theratechnologies.
  • She brings a welcomed perspective to Theratechnologies as the Company focuses on its commercial business and the search for new products and partners.”
    “It’s an honor to join the distinguished Board of Directors of Theratechnologies and I look forward to contributing to the Company’s path to success and value creation,” said Elina Tea.
  • With the appointment of Elina Tea, the Company’s Audit Committee will now comprise four independent members including the recently appointed Jordan Zwick, Gerald Lacoste, and Frank Holler as Chair.

nCino Reports Fourth Quarter and Fiscal Year 2024 Financial Results

Retrieved on: 
Tuesday, March 26, 2024
RPO, Desjardins Group, German Bank, Acquisition, Commercial, Desjardins, Small business, Analytics, IMB, GAAP, Optimism, NCino, Mortgage loan, Video game

WILMINGTON, N.C., March 26, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced financial results for the fourth quarter and fiscal year 2024, ended January 31, 2024.

Key Points: 
  • Non-GAAP operating income in the fourth quarter was $19.3 million compared to $1.8 million in the fourth quarter of fiscal 2023.
  • Net Income (Loss) Attributable to nCino: GAAP net income attributable to nCino in the fourth quarter of fiscal 2024 was $1.2 million compared to a $(21.2) million net loss attributable to nCino in the fourth quarter of fiscal 2023.
  • Non-GAAP net income attributable to nCino in the fourth quarter was $23.8 million compared to $4.4 million in the fourth quarter of fiscal 2023.
  • Net Income (Loss) Attributable to nCino per Share: GAAP net income attributable to nCino in the fourth quarter of fiscal 2024 was $0.01 per diluted share compared to a $(0.19) loss per basic and diluted share in the fourth quarter of fiscal 2023.

nCino’s Single Platform Selected by Desjardins to Automate Loan Origination Process Through Machine Learning

Retrieved on: 
Thursday, March 21, 2024
Desjardins Group, Partnership, Corporate services, Desjardins, NCino, Cryptocurrency

After implementing nCino’s Small Business and Commercial Banking Solutions in 2022, Desjardins has been able to increase the speed of its loan origination process by eliminating unnecessary wait times for its members and clients.

Key Points: 
  • After implementing nCino’s Small Business and Commercial Banking Solutions in 2022, Desjardins has been able to increase the speed of its loan origination process by eliminating unnecessary wait times for its members and clients.
  • To improve the efficiency already gained by using the platform, Desjardins is expanding its use of nCino to include Automated Spreading functionality, which leverages machine learning to streamline the underwriting process, enhance financial statement data capture and improve the speed and quality of credit decisions.
  • This solution covers multilingual documents and multi-currency financial statements, making the process smoother for Desjardins’ clients and members.
  • Our partnership with nCino has already helped us accelerate the funding process to small businesses.

Wipro Enters into Agreement with Desjardins to Modernize Consumer Banking Services Using its NetOxygen Platform

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Technology, Finance, Consulting, Networks, Banking, WGS, Automation, Wipro, Desjardins Group, Partnership, Desjardins, Personal Services, Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has been selected by Desjardins to transform their credit solutions for members and clients.

Key Points: 
  • Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has been selected by Desjardins to transform their credit solutions for members and clients.
  • This transformation program will provide Desjardins members and clients with a convenient digital lending experience that is accessible anytime, anywhere, and on any device.
  • It will also eliminate operational tasks through automation, enabling Desjardins employees to focus on advisory services and the handling of more complex transactions.
  • The NetOxygen solution is perfectly aligned with Desjardins' vision, Wipro is the natural choice of our strategic partnership in this major transformation journey."

Majesco Intelligent Sales & Underwriting Workbench Selected by Desjardins Group to Elevate Operational Effectiveness and Enhance Client Experience

Retrieved on: 
Tuesday, February 27, 2024
Apps, Applications, Technology, Mobile, Wireless, Insurance, Payments, Other Technology, Professional Services, Software, Data Management, Desjardins Group, Personal, Desjardins, Property, SVP, General insurance, Software as a service, Corporate services, Life, Partnership

Desjardins signed a long-term contract with Majesco to implement new business and renewal for their group- benefits business.

Key Points: 
  • Desjardins signed a long-term contract with Majesco to implement new business and renewal for their group- benefits business.
  • “We are thrilled the Desjardins Group has entrusted Majesco to further elevate the user experience, simplify and optimize operations and help provide intuitive capabilities for their client base,” Mike de Waal, SVP of Sales at Majesco.
  • “Our Intelligent Sales & Underwriting Workbench offers the most robust and fastest rating engine on the market for groups of any size.
  • By partnering with Majesco, Desjardins is building a model focused on its members and clients, reduce operational risk and boost organizational agility.

Desjardins Group Selects Vitech's V3locity To Expand and Future-Proof Insurance Business

Retrieved on: 
Tuesday, February 13, 2024
Desjardins Group, Health, Insurance, Retirement, AWS, Policy, Partnership

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- Vitech Systems Group (Vitech) , a leading global provider of benefits and administration software for insurance and retirement, has been chosen by Desjardins Group to grow its insurance business.

Key Points: 
  • NEW YORK, Feb. 13, 2024 /PRNewswire/ -- Vitech Systems Group (Vitech) , a leading global provider of benefits and administration software for insurance and retirement, has been chosen by Desjardins Group to grow its insurance business.
  • Vitech's V3locity platform will be leveraged in Desjardins' expansion strategy in group benefits to transform customer experience while scaling digital efficiencies.
  • "In championing Desjardins' ambitious strides in insurance expansion, Vitech is privileged to contribute to their visionary trajectory," said David Burns, CEO, Vitech.
  • The initiative focuses on digitally transforming and simplifying the customer journey of members and clients with user-friendly systems for Desjardins' group benefits block of business.

Top employers in Canada: Desjardins Group racks up more accolades

Retrieved on: 
Wednesday, February 7, 2024
Desjardins, Desjardins Group, Health, Yoga, Environment, Parity, Information technology, Certification, Mediacorp, Woman, Nursing

MONTREAL, Feb. 7, 2024 /CNW/ - Once again this year, Desjardins Group is being recognized as one of Canada's best employers, earning several major awards.

Key Points: 
  • MONTREAL, Feb. 7, 2024 /CNW/ - Once again this year, Desjardins Group is being recognized as one of Canada's best employers, earning several major awards.
  • Forbes magazine named Desjardins one of Canada's Best Employers in the banking and financial services industry in 2024.
  • Mediacorp recognized Desjardins as one of Canada's Top 100 Employers for the 13th year in a row, and the organization made the list of Canada's Top Employers for Young People.
  • As the largest cooperative financial group in North America, Desjardins is committed to its employees, the youth segment and gender parity.

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Wednesday, December 27, 2023
Commercial Building & Real Estate, Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Slate, Quanta, EPC, Royal Bank of Canada, Intesa Sanpaolo, Banco Santander, Investment, Scotiabank, CPP Investment Board, Santander Bank, Multimedia, CoBank, Electricity, General Electric, Royal Bank, Snell, Investment banking, Pattern Energy, KfW IPEX-Bank, Letter, Lincoln, Carbon, History, CPP, BNP Paribas, S.A, Principal, Riverstone Holdings, Société Générale, Bank of America, HVDC, Wells Fargo, KV, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, Transmission, Bank, Export Development Canada, KFW, MUFG Bank, Sumitomo Mitsui Trust Holdings, ACB, National bank, National Bank of Canada, Desjardins Group, Security (finance)

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.

Desjardins Group donates $500K to the MUHC Foundation to support career training for students of the health sciences

Retrieved on: 
Monday, November 6, 2023
Science, Faculty, Data analysis, DCAT, Education, Health, Research institute, Life, Advanced Training, Desjardins Group, John Molson School of Business, McGill University Health Centre, Doctor of Philosophy, Drug development, University, Concordia University, Student, Business, Virginia Tech Carilion School of Medicine and Research Institute, Communication, Management, Nursing

A new $500,000 commitment from Desjardins Group to the Desjardins Centre for Advanced Training (DCAT) at the Research Institute of the McGill University Health Centre (RI-MUHC) is preparing health science trainees for fulfilling careers.

Key Points: 
  • A new $500,000 commitment from Desjardins Group to the Desjardins Centre for Advanced Training (DCAT) at the Research Institute of the McGill University Health Centre (RI-MUHC) is preparing health science trainees for fulfilling careers.
  • "It's essential that we give trainees in health sciences resources and support that will foster their career and professional development.
  • This new contribution will help students develop a set of complementary skills on the path to a career that meets their goals and reflects their talent."
  • DCAT was created in 2009 to address a surprisingly common problem: newly-graduated health science experts were struggling to find careers.

Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in Quebec

Retrieved on: 
Friday, September 8, 2023
Desjardins Group, BLX, CaixaBank, Korea Development Bank, Trust, DZ Bank, Risk, Innu, TSX, Growth, ESG, Letter, Legislation, Security (finance), Boralex

MONTRÉAL, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) and its Innu community partners in Parc éolien Apuiat S.E.C.

Key Points: 
  • MONTRÉAL, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) and its Innu community partners in Parc éolien Apuiat S.E.C.
  • (the “Innu”) are pleased to announce the closing of a $608 million financing for the Apuiat wind farm, located on Quebec’s North Shore.
  • As financial advisor, Selkirk Advisory Group also contributed to the success of this financing.
  • A significant portion of the long-term financing component bears interest at a rate fixed under an interest rate hedging arrangement.