Desjardins

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.

North American Helium Provides Operations and Business Update

Retrieved on: 
Tuesday, March 19, 2024
Technology, Other Energy, Aerospace, Manufacturing, Oil, Gas, Energy, Other Natural Resources, Other Technology, Research, Mining, Minerals, Natural Resources, Science, Other Manufacturing, Semiconductor, Export Development Canada, Growth, Data science, CFO, Cadillac, National Bank of Canada, ATB Financial, RBC, Bureau of Land Management, Royal Bank, Desjardins, ATB, Investment, Helium, Royal Bank of Canada, NAH, National bank, ISO, Marketing, State, Economics, Lead arranger, Natural gas

North American Helium Inc. (“NAH” or the “Company”) today announced several updates supporting the continued growth of its business, including plans to add two additional helium purification facilities in Saskatchewan.

Key Points: 
  • North American Helium Inc. (“NAH” or the “Company”) today announced several updates supporting the continued growth of its business, including plans to add two additional helium purification facilities in Saskatchewan.
  • Mr. Nicholas Snyder, Chairman and CEO stated, “We are excited to continue increasing our production of reliable and sustainable helium supply in North America.
  • While the most recent global shortage has eased in recent months, the world continues to grapple with major risks to other global sources of helium.
  • The expanded capacity of our credit facility reflects the Company’s success to date and provides ample financial capacity to fund ongoing growth initiatives.”

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."

mdf commerce enters definitive agreement to be acquired by KKR

Retrieved on: 
Monday, March 11, 2024
Desjardins, Arrangement, Meeting, TSX, Ascendant, Toronto Stock Exchange, KKR, Scotiabank, Sale, Transaction, Government, Calendar, Commerce, Proxy, Indian stock exchange, Software as a service, Dechert, LLP, Consideration, Canada Business Corporations Act, Partner, Stikeman Elliott

Upon completion of the Transaction, mdf commerce will become a privately held company.

Key Points: 
  • Upon completion of the Transaction, mdf commerce will become a privately held company.
  • “We are excited to strategically partner with KKR to accelerate our expansion and scale our industry-leading platform even further.
  • I am confident that KKR is the ideal partner for mdf commerce and can contribute to the Company’s continued success.”
    “KKR is closely aligned with management’s vision to accelerate technology innovation across the broader mdf commerce platforms,” said John Park, Partner at KKR.
  • “We look forward to the enormous opportunity ahead for the mdf commerce eProcurement platform as governments increasingly embrace digital solutions.

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.

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.

Brookfield Renewable to Issue C$400 Million of Green Bonds

Retrieved on: 
Tuesday, January 9, 2024
BNP Paribas, Partnership, BEPC, TD Securities, Sale, Wind, BBB, MUFG, Person, BMO Capital Markets, RBC Capital Markets, Investment, Scotiabank, Desjardins, BEP, Brookfield Renewable Partners, ULC, TSX, Carbon, National bank, Green, Mizuho Securities, Brookfield (corporation), Natural gas, Security (finance)

Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries.

Key Points: 
  • Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries.
  • The Notes will represent Brookfield Renewable’s twelfth green labelled corporate securities issuance in North America and the first issuance under Brookfield Renewable’s 2024 Green Financing Framework (the “Green Financing Framework”).
  • Investors can access its portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately $850 billion of assets under management.

Calling all adults during National Teen Driver Safety Week: Drive like the kids are watching…because they are

Retrieved on: 
Tuesday, October 17, 2023
Pressure, National Teen Driver Safety Week, Parent, Partnership, School, Family, Communication, Death, Desjardins, Risk, Ageing, Safety, Cannabis, Crash, City, Education, Traffic Injury Prevention, DIAD, Science, GDL, State, Learning, Siderian, News, Habit, Local government, Johns Hopkins University Center for Communication Programs, TIRF, Toy, Video game, Mobile phone, Road, Birth control, Online shopping, Research

October 15-21 marks National Teen Driver Safety Week and October 19 is designated as Do Not Disturb While Driving Day.

Key Points: 
  • October 15-21 marks National Teen Driver Safety Week and October 19 is designated as Do Not Disturb While Driving Day.
  • In addition, young drivers aged 16 to 24 have the highest crash risk out of all age cohorts as they learn to drive.
  • So, National Teen Driver Safety Week is a great reminder for adults and teens that your choices on the road matter.
  • For more information about TIRF’s Graduated Driver Licensing (GDL) Framework Safety Center, visit: https://gdlframework.tirf.ca/module/components
    For more information about National Teen Driver Safety Week, visit: https://parachute.ca/NTDSW .

H2O Innovation Signs Definitive Agreement to Be Acquired by Ember Alongside IQ, CDPQ and Management

Retrieved on: 
Tuesday, October 3, 2023
Other Manufacturing, Engineering, Chemicals, Plastics, Utilities, Manufacturing, Energy, Other Natural Resources, Mining, Minerals, Natural Resources, Davies Ward Phillips & Vineberg, Canada Business Corporations Act, Special, CDPQ, Entrepreneurship, Acquisition, Transaction, Toronto Stock Exchange, Canadian House of Commons Special Committee on Electoral Reform, HEO, Minority, Capital market, Financial assistance (share purchase), Innovation, Meeting, Philosophy, Privatization, TSX, Growth, Multilateral, Proxy, Scotiabank, LLP, Committee, Disclosure, Desjardins, Carbon, Blake, Cassels & Graydon, Investissement Québec, Water, Norton Rose Fulbright, Rollover, Weil, Gotshal & Manges, Partnership, MI, IQ, Arrangement, Prospectus, Consideration, OTCQX, Security (finance), Holding company, Management, Bank, Audit, Shareholder, Ember, Share (finance), Corporation, H2O

“After extensive work we have concluded that this transaction is in the best interest of H2O Innovation and fair to our Shareholders.

Key Points: 
  • “After extensive work we have concluded that this transaction is in the best interest of H2O Innovation and fair to our Shareholders.
  • In addition to the attractive premium offered to H2O Innovation’s Shareholders, Ember has agreed to key commitments for H2O Innovation and its stakeholders.
  • Upon completion of the Transaction, Ember will be the controlling shareholder of H2O Innovation, with IQ, CDPQ and the key executives of H2O Innovation, together, holding an equity interest in the Corporation of approximately 21%.
  • Scotiabank acted as exclusive financial advisor to H2O Innovation and Desjardins acted as independent financial advisor to the Special Committee.