Commercial bank

63% of US Businesses Will Use ISO 20022. Financial Institutions are Not Ready to Meet Demand.

Retrieved on: 
Thursday, February 29, 2024
ISO, Datus (Greece), Perception, FIS, Growth, Commercial bank, Software, Certification, Organization, Payment, Mobile phone

CHARLOTE, N.C., Feb. 29, 2024 /PRNewswire-PRWeb/ -- The impending March 2025 migration deadline of FedWire to the ISO 20022 standard by all financial institutions (FIs) presents a strategic opportunity to revolutionize their payment infrastructure and services, according to a new Datos report, sponsored by Finzly, the pioneering provider of modern payments systems.

Key Points: 
  • The survey results highlight the immediate market opportunity for FIs to capitalize on existing customer demand for intelligent payment routing and embedded banking services enabled by ISO 20022 messaging standards.
  • ISO 20022 presents various benefits for FIs, including improved payment services, strengthened customer relationships, and diversified revenue streams.
  • By embracing ISO 20022, FIs can meet today's demands and anticipate tomorrow's needs, driving innovation and growth in the digital age.
  • Finzly is well-positioned to meet certification deadlines for Fedwire migration to ISO 20022 with all its Fedwire clients, while also supporting other financial institutions seeking to transition to an ISO 20022-native solution for their Fedwire processing."

Comerica to Participate in 2024 RBC Capital Markets Global Financial Institutions Conference; Announces Details for Conference Call to Review First Quarter 2024 Earnings

Retrieved on: 
Monday, February 26, 2024
Multimedia, Comerica, Commercial bank, Disclosure, Retail, Webcast, Security (finance), CMA

In addition, the conference presentation, financial results and earnings presentation will be furnished on Form 8-K filings that will be available on the Securities and Exchange Commission website at www.sec.gov .

Key Points: 
  • In addition, the conference presentation, financial results and earnings presentation will be furnished on Form 8-K filings that will be available on the Securities and Exchange Commission website at www.sec.gov .
  • On each webcast, Comerica may discuss or disclose material business, financial or other information not contained in the conference presentation, financial results, earnings presentation, or in other prior disclosure.
  • This year, Comerica is celebrating 175 years of building relationships, helping people and businesses be successful, and serving its communities.
  • Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado.

YMCA of the USA Board of Directors Elects New Chair, New Officers and Board Members also Announced

Retrieved on: 
Monday, February 19, 2024
Security Pacific Bank, PCBC, Pacific Capital Bancorp, Deutsche Bank, Investment, SVP, Bank, Santa Barbara Botanic Garden, Commercial bank, Sale, Ys, Santa Barbara Zoo, Chairperson, Wells Fargo, California State University, Northridge, Santa Barbara Historical Museum, Private banking, Policy, California State University, Omicron Delta Kappa, SBB, MUFG Union Bank, Management

CHICAGO, Feb. 19, 2024 /PRNewswire-PRWeb/ -- YMCA of the USA (Y-USA), the national resource office for the 2,600 Ys across the country, is pleased to announce the election of George Leis to a two-year term as Chair of the nonprofit's National Board of Directors. Leis, the President and Chief Operating Officer for Montecito Bank and Trust, has served on the Y-USA board since 2019. As Board Chair, Leis will provide leadership to the 25-member board, which sets strategic direction and policy to guide the Y's work in strengthening communities by connecting all people to their potential, purpose and each other.

Key Points: 
  • YMCA of the USA is pleased to announce the election of George Leis to a two-year term as Chair of the nonprofit's National Board of Directors.
  • Leis, the President and Chief Operating Officer for Montecito Bank and Trust, has served on the Y-USA board since 2019.
  • "I look forward to partnering with Mr. Leis, our new board members and the entire board to strengthen the Y and the communities we serve.
  • Biographies and photos of Y-USA's new National Board members are available upon request.

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Retrieved on: 
Friday, February 16, 2024
Banking, Professional Services, Finance, Wells Fargo, Multimedia, Wells Fargo Center, Commercial bank, Investment management, Wealth, News, Investment banking, WFC, Corporation, Housing, Security (finance)

Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock.
  • A quarterly cash dividend of $414.06 per share was declared on its 6.625% fixed-to-floating noncumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share.
  • Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo to Present at the UBS Financial Services Forum

Retrieved on: 
Friday, February 16, 2024
Banking, Professional Services, Finance, Multimedia, Wells Fargo, Commercial bank, Investment management, Wealth, Webcast, News, Investment banking, WFC, Corporation, Housing

Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the UBS Financial Services Forum on Monday, Feb. 26, 2024 at 8:00 a.m.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the UBS Financial Services Forum on Monday, Feb. 26, 2024 at 8:00 a.m.
  • View the full release here: https://www.businesswire.com/news/home/20240216575225/en/
    A replay of the webcast will be available for three months following the presentation.
  • Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Visa Expands Its Digital Wallet Capabilities and Availability

Retrieved on: 
Monday, February 12, 2024
Software, Payments, Finance, Banking, Professional Services, Technology, Fintech, Mobile, Wireless, Senior, Commercial bank, Fraud, Risk, Treasury management, CNP, Heart, Treasury, Point of sale, Regions Financial Corporation, Apple Pay, Partnership, Cryptocurrency

Visa (NYSE:V), a global leader in digital payments, announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, the world’s foremost provider of virtual payments technology, to revolutionize how businesses manage transactions globally.

Key Points: 
  • Visa (NYSE:V), a global leader in digital payments, announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, the world’s foremost provider of virtual payments technology, to revolutionize how businesses manage transactions globally.
  • Visa Commercial Pay includes virtual card B2B payment solutions developed to improve cashflow for businesses and reduce outdated manual processes.
  • Alongside our partners Conferma Pay, we’re delighted to be taking our enhanced capabilities to customers globally.”
    Regions Bank will be the first Visa collaborator to roll out the enhanced digital wallet capability for its Treasury Management customers.
  • Visa understands financial-service providers deliver greater value when they give clients more convenience, along with more intuitive, time-saving solutions.

HSBC Partners With Google Cloud to Grow Climate Tech Ecosystem

Retrieved on: 
Thursday, February 8, 2024
Environment, Technology, Finance, Banking, Other Technology, Professional Services, Sustainability, Green Technology, Data Management, Environmental, Social and Governance (ESG), Cloud, Carbon, Ecosystem, Partnership, Growth, Climate, GCR, ESG, Commercial bank, Google Cloud, Renewable energy

HSBC today announced a partnership with Google Cloud to accelerate climate mitigation and resilience through financing and support for companies in the Google Cloud Ready – Sustainability (GCR-Sustainability) programme.

Key Points: 
  • HSBC today announced a partnership with Google Cloud to accelerate climate mitigation and resilience through financing and support for companies in the Google Cloud Ready – Sustainability (GCR-Sustainability) programme.
  • Under the new partnership, Google Cloud will introduce GCR-Sustainability companies to HSBC’s specialist climate tech finance team to explore venture debt financing options.
  • HSBC will seek financing opportunities for companies within the GCR-Sustainability ecosystem, as part of its ambition to deploy $1bn of climate tech finance, as well as facilitating connections with HSBC’s customer base.
  • This is why we launched our Google Cloud Ready - Sustainability ecosystem which – one year in – includes leading climate tech companies.

Mechanics & Farmers Bank Using nCino’s Cloud Banking Platform to Effectively Deliver on its Mission to Empower Diverse Communities

Retrieved on: 
Tuesday, February 6, 2024
Cloud, Partnership, CDFI, Mechanics and Farmers Bank, Mechanics, Automation, Community development, African Americans, NCino, SVP, Commercial bank, Bank, Community development financial institution, Mobile phone

Wilmington, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Mechanics and Farmers Bank (M&F), the second-oldest African American owned bank in the United States, is live on the nCino Cloud Banking Platform .

Key Points: 
  • Wilmington, N.C., Feb. 06, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Mechanics and Farmers Bank (M&F), the second-oldest African American owned bank in the United States, is live on the nCino Cloud Banking Platform .
  • The technology upgrade is helping M&F process loans more quickly and creating increased convenience and connectivity for the underserved markets it intentionally serves.
  • For 116 years, M&F Bank has been focused on a critical mission; providing access to capital to diverse communities.
  • “We’re excited to be using nCino, one of the best platforms in the industry, to foster this mission and empower our associates to meet the needs of our customers with excellence.

Bank of America Digital Transformation Strategy Analysis Report 2023: Accelerators, Incubators, and Other Innovation Programs

Retrieved on: 
Monday, February 5, 2024
Bank of America, Incubator, Private banking, Retail, Digital, Risk management, Wealth, Consumer, International finance, Investment, Investment management, Artificial intelligence, Commercial bank, Retail banking, C2B, Acquisition, Bank, Paxos, ICT

DUBLIN, Feb. 5, 2024 /PRNewswire/ -- The "Bank of America - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 5, 2024 /PRNewswire/ -- The "Bank of America - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.
  • This report provides insight into BofA's fintech activities, including its digital transformation strategies, its accelerators, incubators, and other innovation programs, its technology initiatives, investments, acquisitions and its estimated ICT budget.
  • Bank of America Corporation (BofA) offers a wide range of financial products and services to retail customers, companies, and institutions through its eight lines of business.
  • As a part of the digital transformation, Bank of America launched its Global Digital Disbursements services for its commercial clients in Canada.

Office Properties Income Trust Announces $425 Million Amended and Restated Secured Credit Facilities

Retrieved on: 
Monday, January 29, 2024
Construction & Property, REIT, Bank of America, Barclays, OPI, PNC Financial Services, First Horizon Bank, First Hawaiian Bank, Associated Banc-Corp, Facility, BofA Securities, UBS AG, Berkshire Bank, Royal Bank, Citibank, Regions Financial Corporation, Wells Fargo, Bank, UBS, Commercial bank, Sumitomo Mitsui Banking Corporation, Royal Bank of Canada, National Association, Security (finance)

Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities.
  • OPI has a one-year extension option for the $325 million secured revolving credit facility, subject to the payment of an extension fee and satisfaction of certain other customary conditions.
  • The Facilities are secured by 19 office properties with a gross carrying value of $942 million.
  • The Facilities replace OPI’s previous $750 million unsecured revolving credit facility that was scheduled to mature on January 31, 2024.