Commercial bank

Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer

Retrieved on:

Wednesday, March 6, 2024

Eastern Bank is pleased to announce global ground transportation company DPV Transportation, Inc. (DPV) as a new commercial banking customer.

Key Points:

Eastern Bank is pleased to announce global ground transportation company DPV Transportation, Inc. (DPV) as a new commercial banking customer.
After working with Eastern Bank as a small business banking customer during its start-up, DPV is now transitioning to the bank’s commercial banking portfolio.
By working with community-focused banks like Eastern Bank, we are able to create financing packages that meet the needs of our clients.”
Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank, added, “MassDevelopment leads important work involving the expansion of businesses in our community, and we appreciate their additional financing as we proudly announce DPV Transportation as a commercial banking customer.
The Commercial Banking team advising DPV Transportation includes Executive Vice President, Chief Commercial Banking Officer Greg Buscone; Senior Vice President and Commercial Group Director Dan Field; Senior Vice President and Commercial Relationship Manager David Nussbaum; and Commercial Portfolio Manager Tom Barcikowski.

Metropolitan Commercial Bank Bolsters Risk Management and Finance Teams with Experienced Large Bank Veterans

Retrieved on:

Thursday, February 29, 2024

Automotive, Natural Resources, Other Manufacturing, Entertainment, Other Energy, Energy, Manufacturing, University, Other Philanthropy, Education, Contracts, General Entertainment, Sustainability, General Health, Family, Defense, Environment, Consumer, General Automotive, Health, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Professional Services, Public Relations, Investor Relations, Marketing, Human Resources, Finance, Communications, Banking, Professional Services, Philanthropy, Other Natural Resources, Senior, AIG, Risk management, Growth, Federal Reserve Bank, NYCB, State university system, History, Bank, Management, J. P. Morgan, Commercial bank, AIRC, State, MBA, CRCP, MCB, Chartered, AML, Capital One, State bank, Bank Secrecy Act, Hofstra University, Accounting, FRBNY, Barclays, BSA/AML, Community Bank, New York Community Bank, FDIC, JPMorgan Chase, BSA, Business administration, American International Group, Executive, Flagstar Bank, CAMS, Life Office Management Association, Federal Deposit Insurance Corporation

“Metropolitan Commercial Bank is delighted to welcome Greg Gaare, a seasoned risk management professional.

Key Points:

“Metropolitan Commercial Bank is delighted to welcome Greg Gaare, a seasoned risk management professional.
He recently was the Deputy Chief Risk Officer in the Risk Management Division of Flagstar Bank.
We will continue to position Metropolitan Commercial Bank as an industry leader,” Gregory Gaare, Senior Vice President and Chief Risk Officer at Metropolitan Commercial Bank remarked.
“With its rich history and commitment to excellence, Metropolitan Commercial Bank is at the forefront of the commercial banking industry.

Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S.

Retrieved on:

Wednesday, February 28, 2024

View the full release here: https://www.businesswire.com/news/home/20240228629001/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20240228629001/en/
eSkid™ charging solution, a rapidly deployable EV charging platform utilizing ChargePoint hardware and software (Photo: Wells Fargo)
Wells Fargo has worked with EnTech Solutions to create a financing program specifically for the eSkid™ charging solution, a rapidly deployable EV charging platform utilizing ChargePoint hardware and software.
Installing charging infrastructure can typically be costly and timely, but with EnTech Solutions’ eSkid charging solution and Wells Fargo’s flexible, customizable loan and lease options, businesses across the U.S. can embark on an affordable sustainability journey.
EnTech Solutions’ eSkid charging solution is a rapidly deployable EV charging station designed to drop in place, allowing businesses to offer charging within days of installation.
Flexible: Charging stations are impermanent and can be relocated as a business grows and evolves, an ideal solution for companies that lease their facility.

Backbase and Alacriti Partner to Provide Instant Payment Solutions for Financial Institutions

Retrieved on:

Tuesday, February 27, 2024

Professional Services, Data Management, Technology, Finance, Software, Fintech, ISO, Insight, Senior, Research, Growth, Commercial bank, FIS, ACH, Partnership, Bank

Through this partnership, Backbase clients will be able to offer instant payment capabilities to their customers.

Key Points:

Through this partnership, Backbase clients will be able to offer instant payment capabilities to their customers.
Backbase, leveraging Alacriti's Orbipay Payments Hub , will support end-to-end payment orchestration and processing through the RTP® network, the FedNow® Service, Visa Direct, Fedwire, and ACH payment rails.
“Alacriti will be joining Backbase’s Fintech-as-a-Service program , which integrates best-in-class fintech partners and solutions into our Engagement Banking Platform.
Through this integration, we’re offering financial institutions the flexibility to evolve their Real-time payment offerings based on demand and specific use cases.

TD Bank Launches "Tap to Pay on iPhone" for Small and Micro Businesses

Retrieved on:

Thursday, February 22, 2024

"By equipping small businesses with modern conveniences and more technology through solutions like Tap to Pay on TD Bank Mobile App, we're helping small businesses have a seamless payment experience that's better aligned to customer expectations."

Key Points:

"By equipping small businesses with modern conveniences and more technology through solutions like Tap to Pay on TD Bank Mobile App, we're helping small businesses have a seamless payment experience that's better aligned to customer expectations."
"TD is on the front lines of our Main Street economies," said Amy Dinkar-Patel, Head of Small Business & Commercial Distribution at TD Bank.
With TD Online Accounting, TD customers can send digital invoices, accept debit and credit card payments, and streamline the cash flow and accounting of their TD Small Business Checking account.
For more information on TD Tap to Pay on TD Bank Mobile App, please visit: https://www.td.com/us/en/small-business/online-accounting/tap-to-pay-iphone

HSBC Continental Europe: 2023 Annual and Second Half Results

Retrieved on:

Wednesday, February 21, 2024

On 20 February 2024, HSBC Continental Europe’s Board of Directors reviewed the second half year results and approved the bank’s consolidated financial statements for 2023.

Key Points:

On 20 February 2024, HSBC Continental Europe’s Board of Directors reviewed the second half year results and approved the bank’s consolidated financial statements for 2023.
The consolidated balance sheet of HSBC Continental Europe showed total assets of €283bn at 31 December 2023, compared to €279bn at 31 December 2022.
At 31 December 2023, HSBC Continental Europe reported an average liquidity coverage ratio (LCR)5 of 158% and an average net stable funding ratio (NSFR)6 of 141%.
The increase was driven by the full year consolidation of the financial results of HSBC Germany and HSBC Malta.

U.S. Small Businesses Increasingly Upbeat About the Economy—and Their Banks

Retrieved on:

Tuesday, February 20, 2024

Finance, Consulting, Banking, Professional Services, Small Business, Small business, NPS, Commercial bank, RMS, Digital, Federal Reserve, Feedback, Commercial, Human, COVID-19, Optimism, Community, Cryptocurrency

Increased optimism among small businesses about the U.S. economy is carrying over to their banking relationships.

Key Points:

Increased optimism among small businesses about the U.S. economy is carrying over to their banking relationships.
The Greenwich Business Community is a forum for over 28,000 U.S. small businesses and midsize companies to voice their feedback and rate their banks across multiple criteria, such as overall satisfaction, customer service, operational accuracy, etc.
When asked to evaluate their banking relationships, small businesses reported improving interactions and service levels with their banks.
Driving that increase was a sharp jump in small businesses’ overall satisfaction ratings for national banks.

Green Economy Canada launches new membership tracks to support climate action for SMEs

Retrieved on:

Wednesday, March 6, 2024

Knowledge, SME, Organization, Commercial bank, Radar, GHG, Discover, Renewable energy

It's now easier for small and medium-sized businesses to get on the path to a low-carbon future with Green Economy Canada.

Key Points:

It's now easier for small and medium-sized businesses to get on the path to a low-carbon future with Green Economy Canada.
SMEs make up 99% of businesses in Canada and form the backbone of our economy in communities across the country.
For Canada to hit its net-zero climate goals by 2050 and ensure it has a thriving economy, engaging SMEs in climate action will be critical.
Both of these tracks complement Green Economy Canada's established "Lead" track which provides in-depth and comprehensive support to help businesses become Green Economy Leaders in the net-zero transition.

New actions from RBC to support client decarbonization efforts and the transition to a greener economy

Retrieved on:

Wednesday, March 6, 2024

Royal Bank, Climate, Temperature, RBC Capital Markets, Social, Commercial bank, PAS, Carbon accounting, Progress, ESG, Corporate social responsibility, RBC, Acceleration, Legislation, Renewable energy

These actions are included as part of the release of the RBC Climate Report 2023 , an annual update from the bank on progress made against the bank's climate strategy.

Key Points:

These actions are included as part of the release of the RBC Climate Report 2023 , an annual update from the bank on progress made against the bank's climate strategy.
"The actions we are announcing today will help support our clients in their efforts to reduce emissions, contribute to bringing more renewable energy online and provide needed capital to innovative climate solutions."
Absolute emissions from the oil & gas sector must decline over time as part of the transition to a net-zero economy.
This includes support for clients' decarbonization efforts alongside the acceleration of the bank's strategy to prioritize working with clients who are proactively taking steps to decarbonize.

The Standard Titled "Technical and Application Requirements for Intelligent Software Engineering Part 1: Large-scale Code Models", in which Xiao-I (NASDAQ: AIXI) Participated, has been Officially Released

Retrieved on:

Friday, March 1, 2024

Software, Artificial intelligence, Intelligence, Commercial bank, Communication, ICBC, Industrial, Research, AIXI, Information technology

The release of this standard marks the birth of the industry's first large-scale code model standard, providing strong support for the healthy and orderly development of the Artificial Intelligence for Software Engineering (AI4SE) industry.

Key Points:

The release of this standard marks the birth of the industry's first large-scale code model standard, providing strong support for the healthy and orderly development of the Artificial Intelligence for Software Engineering (AI4SE) industry.
The new standard provides detailed specifications for the technical capabilities and application requirements of large-scale code models, covering various stages such as research and development, evaluation, and acceptance.
Its aim is to provide clear references for enterprises in the construction and improvement process of large-scale code models.
The release of this standard is of great significance in promoting the standardization and development of large-scale code model technology.