Treasury services

Luzerner Kantonalbank AG implements FM Converge from Finmechanics for its Cloud-based Front-Office, Pricing and Risk Infrastructure

Retrieved on: 
Monday, February 12, 2024
Crypto, Software, Converge, Var, Collateral management, Risk management, Growth, Risk, FRTB, Collateral, Software as a service, SA-CCR, Treasury services, Financial management, Vanilla, Trade, Environment, Cryptocurrency

FM Converge is a high performant cross-asset front to back platform that enables banks to run their markets business on a private or public cloud.

Key Points: 
  • FM Converge is a high performant cross-asset front to back platform that enables banks to run their markets business on a private or public cloud.
  • "By integrating FM Converge into LUKB's infrastructure, we were able to provide full cross asset pricing and risk capabilities with a very low technology footprint", says Anindya Sarkar, CEO of Finmechanics.
  • FM Converge offers LUKB future-proof trading software that covers all the functions required for pricing, trading and risk management across all asset classes.
  • A fully hosted and managed environment makes the FM Converge installation highly scalable and responsive to fluctuating demand, significantly reducing operational and maintenance cost.

BankFinancial Corporation Reports Financial Results for 2023 and Will Host Conference Call and Webcast on Friday, February 2, 2024

Retrieved on: 
Wednesday, January 31, 2024
EDGAR, Participation, Growth, GAAP, FDIC, Insurance in Australia, Government, Treasury services, Annual report, Investment, Commercial, Database, Treasury, Risk, Webcast, Commercial finance, Bank

The Company recorded net income of $2.1 million and basic and diluted earnings per common share of $0.17 for the fourth quarter of 2023.

Key Points: 
  • The Company recorded net income of $2.1 million and basic and diluted earnings per common share of $0.17 for the fourth quarter of 2023.
  • Total assets at December 31, 2023, were $1.487 billion, a decline of $88.1 million (5.6%) compared to December 31, 2022.
  • Our loan to deposit ratio was 83.3% as of December 31, 2023, compared to 89.2% as of December 31, 2022.
  • The Company’s capital position remained strong, with a Tier 1 leverage ratio of 10.54% as of December 31, 2023.

BNY Mellon Launches Virtual Account-Based Solutions

Retrieved on: 
Monday, January 29, 2024
Collection, ACH, Geography, Movement, Nostro and vostro accounts, BNY Mellon, USD, BK, Treasury services, Financial institution, Cryptocurrency

NEW YORK, Jan. 29, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK) announced today the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities. This marks another innovative solution designed to make money work more smoothly for treasurers globally, solving their complex payments and financing needs.

Key Points: 
  • NEW YORK, Jan. 29, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK) announced today the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities.
  • Virtual accounts are linked to physical accounts within BNY Mellon and allow incoming or outgoing payments to be reflected in real time, to maintain a virtual sub-ledger that provides a continuously updated transaction and balance history to deliver transparency into company-wide cash flows.
  • "Clients are demanding more flexibility to reflect account structures without having to open a multitude of physical accounts with multiple banks," said Jennifer Barker, Global Head of Treasury Services at BNY Mellon.
  • BNY Mellon's Virtual Account-Based solutions supports a variety of industry use cases.

Obligo Collaborates with BNY Mellon through the Bank's Ascent Program to Digitize the Rental Experience for Property Managers

Retrieved on: 
Wednesday, January 17, 2024
Property, API, Housing, Treasury services, Investment, BNY Mellon, Innovation, Growth, Cryptocurrency

NEW YORK, Jan. 17, 2024 /PRNewswire/ -- Obligo, the fintech company that builds trust between renters and landlords through financial technology through its suite of security deposit solutions, announced the completion of its proof of concept as part of BNY Mellon's Ascent Program, which seeks out exceptional technology companies offering cutting-edge solutions for financial industry challenges and collaborates with them to expedite growth. During the proof of concept, Obligo and BNY Mellon validated Obligo's ability to integrate into core banking services such that it would be able to provide its service to the bank's clients directly from their banking portal.

Key Points: 
  • During the proof of concept, Obligo and BNY Mellon validated Obligo's ability to integrate into core banking services such that it would be able to provide its service to the bank's clients directly from their banking portal.
  • Obligo's product suite powers a trusted and streamlined rental experience for both landlords and renters.
  • "By being part of BNY Mellon's Ascent Program, we have accelerated and strengthened our ability to collaborate with key financial institutions."
  • "We believe in innovating through collaboration and look forward to continuing to support Obligo in the security deposit management solutions space."

Priority Announces Strategic Technology Partnership with Treasure Financial

Retrieved on: 
Monday, December 11, 2023
Software, Banking, Accounting, Professional Services, Fintech, Payments, Technology, Digital Cash Management, Digital Assets, Small Business, Other Professional Services, Finance, Other Technology, Sale, Senior, Entrepreneurship, TIPS, Treasury, Treasure, Commerce, Algorithm, Partnership, API, Treasury services, Enterprise, SMB, Cryptocurrency, Security (finance), Priority, Passport

Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), a leading provider of unified commerce solutions to businesses that accelerate cash flow and optimize working capital, has announced a strategic partnership with Treasure Financial Inc. , a leading financial technology innovator in treasury management technology.

Key Points: 
  • Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), a leading provider of unified commerce solutions to businesses that accelerate cash flow and optimize working capital, has announced a strategic partnership with Treasure Financial Inc. , a leading financial technology innovator in treasury management technology.
  • This innovative partnership with Treasure provides Priority’s customers with a truly unified commerce platform that allows them to manage the point of sale or receivables payments in their Passport financial account in more ways.
  • “We are proud to partner with Priority to leverage the Treasure API and embed our corporate-grade cash management offering directly on the Priority Passport platform.
  • This first-of-its-kind embedded finance partnership between Treasure and Priority is a huge step forward for the payments industry,” said Ben Verschuere, Co-Founder and Chief Investment Officer of Treasure Financial.

Theorem Fund Services Makes Additional Senior Hires

Retrieved on: 
Thursday, November 30, 2023
Treasury, Co-managed Security, Treasury services, Senior management, Management, Theorem, Wintrust Financial

CHICAGO, Nov. 30, 2023 /PRNewswire/ -- Theorem Fund Services, LLC, a leading independent third-party fund administration firm, announces several senior executive hires as it expands its operations team leadership to support its clients.

Key Points: 
  • CHICAGO, Nov. 30, 2023 /PRNewswire/ -- Theorem Fund Services, LLC, a leading independent third-party fund administration firm, announces several senior executive hires as it expands its operations team leadership to support its clients.
  • In addition to previously hiring Matt Walter to lead its Traditional Funds team, Theorem has recently brought onboard Senior Managers Brandon Patronaggio and Pam Lovig.
  • Brandon will work with Matt Walter leading the Traditional Funds team and Pam will head up the Investor Relations and Treasury Services teams.
  • Matt was previously with Liccar, while Brandon comes to Theorem from SS&C Alps and Pam joins the team from Wintrust.

BillingPlatform Announces Strategic Alliance with J.P. Morgan Payments

Retrieved on: 
Wednesday, November 1, 2023
J. P. Morgan, Treasury services, J.P. Morgan in the United Kingdom, Partnership, Software, Forrester Research, Cryptocurrency

DENVER, Nov. 1, 2023 /PRNewswire/ -- BillingPlatform, the enterprise revenue lifecycle management platform for today's innovative business models, today announced a strategic partnership with J.P. Morgan Payments to support the billing needs across its business units.

Key Points: 
  • DENVER, Nov. 1, 2023 /PRNewswire/ -- BillingPlatform , the enterprise revenue lifecycle management platform for today's innovative business models, today announced a strategic partnership with J.P. Morgan Payments to support the billing needs across its business units.
  • Key benefits of this implementation include enabling flexible billing configurations, workflow automation and strategic integrations to achieve end-to-end processing.
  • "This partnership with J.P. Morgan further validates our commitment to support enterprise complexity and security," said Dennis Wall, CEO of BillingPlatform.
  • The J.P. Morgan agreement signals we have built a solution with unique digital transformation value to enterprises of all sizes."

Northern Trust Hosts Second Charity Trading Day to Benefit Four Global Charities

Retrieved on: 
Tuesday, October 24, 2023
Professional Services, Philanthropy, Fund Raising, Finance, Foundation, Asset Management, Banking, Capital market, Nationwide Asset Services, Northern Trust, Treasury services, Asset, Organic, Ronald McDonald House Charities, RMHC, Cryptocurrency

Northern Trust has held its second Charity Trading Day, with employees across the world participating to benefit four global charities, aligned with the company’s philanthropic strategy.

Key Points: 
  • Northern Trust has held its second Charity Trading Day, with employees across the world participating to benefit four global charities, aligned with the company’s philanthropic strategy.
  • In the coming year, Northern Trust employees and clients will also donate thousands of volunteering hours in support of a number of the charities’ projects across the globe.
  • The global effort, led by Northern Trust Asset Servicing, aligns with the company’s long-term community investment strategy to support those who have been marginalized with more opportunities to achieve long-term financial success.
  • “Our first Charity Trading Day in 2022 benefited global housing non-profit Habitat for Humanity International, with our employees donating many volunteering hours as well,” said Pete Cherecwich, president of Northern Trust Asset Servicing.

Goal Solutions Launches Comprehensive Fund Administration Services

Retrieved on: 
Wednesday, October 18, 2023
Treasury, Fund administration, Data, Treasury services, Growth, NAV, Cash management, Accounting, SAN, SPV, Bank

SAN DIEGO, Oct. 18, 2023 /PRNewswire/ -- Goal Solutions, a recognized leader in innovative financial services, is excited to announce the expansion of its service portfolio to include Fund Administration, marking a significant milestone in the company's growth and commitment to meeting the comprehensive needs of its clients.

Key Points: 
  • SAN DIEGO, Oct. 18, 2023 /PRNewswire/ -- Goal Solutions, a recognized leader in innovative financial services, is excited to announce the expansion of its service portfolio to include Fund Administration, marking a significant milestone in the company's growth and commitment to meeting the comprehensive needs of its clients.
  • Goal Solution's Fund Administration services include Reporting and Financials that offer real-time insights into fund performance and financial health, detailed NAV reports, capital call and distribution reports, and borrowing base calculations as well as Cash Management and Treasury Services to optimize liquidity and ensure funds are effectively managed.
  • Matt Myers, President and CEO, expressed excitement about this new development, stating, "We are proud to expand our services to include Fund Administration, which aligns seamlessly with our mission to provide comprehensive solutions for current and future partners.
  • Goal's Fund Administration services come at a time when direct lending is rapidly expanding, and consumer lending presents a generational opportunity for credit funds.

BNY Mellon and Datos Insights Release Global Survey on the Growth and Future of Real-time Payments

Retrieved on: 
Wednesday, September 13, 2023
Education, BNY Mellon, Global Payments, Risk, FedNow, Treasury services, Growth, BK, NYSE, Online shopping, Bank

NEW YORK, Sept. 13, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK), in collaboration with Datos Insights, today released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options. The reports finds that a focus on faster payment rails represents a significant market opportunity – and businesses that are not investing in new payments technology could find themselves at a competitive disadvantage. The report also finds that the increase in cross-border transactions is driving the need for real-time payments, as corporations looking to expand into new regions require more efficient and accessible methods.

Key Points: 
  • NEW YORK, Sept. 13, 2023 /PRNewswire/ -- BNY Mellon (NYSE: BK), in collaboration with Datos Insights, today released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options.
  • The report also finds that the increase in cross-border transactions is driving the need for real-time payments, as corporations looking to expand into new regions require more efficient and accessible methods.
  • 55% of businesses in Asia have reported that they have already moved or would change financial services providers to have access to real-time payments.
  • The report is based on an online survey of 1,037 employees of midsize and large corporations in 11 North American, European, and Asian Pacific countries.