Financial services

Panacea Financial Announces Launch of Panacea Practice Solutions

Panacea, Nationwide Mutual Insurance Company
Tuesday, July 27, 2021 - 1:00pm

LITTLE ROCK, Ark., July 27, 2021 /PRNewswire/ -- Panacea Financial (Panacea), a division of Primis that provides financial services for doctors-in-training and practicing doctors,today announced the launch of Panacea Practice Solutions ("PPS") as the commercial division of Panacea.Additionally, industry veteran Brandon Finazzo has joined the Company as the Head of Practice Solutions.

Key Points: 
  • LITTLE ROCK, Ark., July 27, 2021 /PRNewswire/ -- Panacea Financial (Panacea), a division of Primis that provides financial services for doctors-in-training and practicing doctors,today announced the launch of Panacea Practice Solutions ("PPS") as the commercial division of Panacea.Additionally, industry veteran Brandon Finazzo has joined the Company as the Head of Practice Solutions.
  • Mr. Finazzo was also Assistant Vice President at US Bank, where he developed and sourced financial solutions for new and existing healthcare clients of US Bank.
  • Panacea Financial, a division of Primis Financial Corp. (NASDAQ: FRST),is a nationwide financial services company offering products in all 50 states as well as Washington, D.C. and Puerto Rico.
  • Through the Panacea Financial Foundation, their non-profit arm, they have dedicated funding to expand the ethnic and racial diversity of the medical field.

Cresset Forms Partnership with Asset Management Advisors, Expands Presence in the Texas Market

Investment, Investment advisory
Tuesday, July 27, 2021 - 1:00pm

HOUSTON, July 27, 2021 /PRNewswire/ -- Cresset Asset Management (" Cresset ") announced today that it has partnered with Asset Management Advisors, Inc., a boutique family office based in Houston and founded by Lynn Mathre .

Key Points: 
  • HOUSTON, July 27, 2021 /PRNewswire/ -- Cresset Asset Management (" Cresset ") announced today that it has partnered with Asset Management Advisors, Inc., a boutique family office based in Houston and founded by Lynn Mathre .
  • Asset Management Advisors offers wealth management services to high-net-worth individuals, families, trusts, and foundations.
  • Cresset offers access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning, and other services through Cresset Asset Management, LLC.
  • Cresset Asset Management, LLC, and Cresset Partners, LLC, are SEC registered investment advisors.

Sikich Investment Banking advises American Standard Circuits in recapitalization with Gemini Investors and Plenary Partners

Finance, Money, Economy, Investors
Tuesday, July 27, 2021 - 1:00pm

CHICAGO, July 27, 2021 /PRNewswire/-- American Standard Circuits (ASC), a leading manufacturer of high-performance printed circuit boards, was recapitalized by management in partnership with Gemini Investors and Plenary Partners .

Key Points: 
  • CHICAGO, July 27, 2021 /PRNewswire/-- American Standard Circuits (ASC), a leading manufacturer of high-performance printed circuit boards, was recapitalized by management in partnership with Gemini Investors and Plenary Partners .
  • "ASC is an innovative company with an impressive history of growth," said Kurt Estes , managing director at Sikich Investment Banking.
  • With the capital support of Gemini Investors and Plenary Partners, ASC will be able to further accelerate growth in its key markets."
  • "The Sikich Investment Banking team's expertise and guidance as we searched for an investor was invaluable," said Gordhan Patel , founder and chairman of American Standard Circuits.

Privco Enterprise Software Top 50

Software, Articles, Technology, Business software, Artificial intelligence, UiPath, Sprinklr, Wrike, Squarespace, Financial technology
Tuesday, July 27, 2021 - 1:00pm

NEW YORK, July 27, 2021 /PRNewswire/ -- PrivCo, a New York based fintech company and leader in private market intelligence, today released its PrivCo Top 50 Enterprise Software ranking, a report measuring the business performance of private enterprise software companies in 2020. Categories include data management, infrastructure, cyber-security, development, e-commerce, and workplace productivity. Despite broad based cuts in spending, companies invested heavily in digital transformation while adapting to shifts in the workplace as a result of the pandemic. All companies were ranked based on a number of metrics including funding, market valuation, projected revenue, and growth.

Key Points: 
  • NEW YORK, July 27, 2021 /PRNewswire/ -- PrivCo , a New York based fintech company and leader in private market intelligence, today released its PrivCo Top 50 Enterprise Software ranking, a report measuring the business performance of private enterprise software companies in 2020.
  • Notable deals include acquisitions of Wrike, Aspect Software, and Blue Yonder, and IPO's by Squarespace, UiPath, Sprinklr, and QOMPLX.
  • "Our proprietary AI and our talented analysts produced the PrivCo 50 to highlight the rock stars of 2020.
  • It was a black swan year for so many privately held companies and yet the top 50 in enterprise software saw remarkable growth."

Hill Country Asset Management To Join Arcesium's Technology And Services Platform Through Existing Joint Offering With J.P. Morgan

Finance, Financial services, JPMorgan Chase, Gilded Age, J. P. Morgan, Investment funds, House of Morgan, Primary dealers, Hedge funds, J.P. Morgan in the United Kingdom, J.P. Morgan & Co.
Tuesday, July 27, 2021 - 12:30pm

NEW YORK, July 27, 2021 /PRNewswire/ --Arcesium LLC, a leading global financial technology and professional services firm, announced today that Hill Country Asset Management has chosen to deploy Arcesium's joint offering with J.P. Morgan's Securities Services.

Key Points: 
  • NEW YORK, July 27, 2021 /PRNewswire/ --Arcesium LLC, a leading global financial technology and professional services firm, announced today that Hill Country Asset Management has chosen to deploy Arcesium's joint offering with J.P. Morgan's Securities Services.
  • Through their existing strategic partnership, Arcesium and J.P. Morgan will address Hill Country's middle office, back office, and fund administration needs with a seamlessly integrated solution.
  • Arcesium will provide technology and services for enterprise data management, internal books and records, reconciliation, and treasury workflows, and J.P. Morgan will act as Hill Country's fund administrator.
  • We are confident the joint solution provided by Arcesium and J.P. Morgan will allow us to focus on higher business issues and strategies," said Jim Hansen, Chief Operating Officer of Hill Country Asset Management.

iAngels Ventures Raises $55.5M (€47M) for First Institutional Fund Anchored by the European Investment Fund Bringing Total AUM to over $300M (€255M)

European Union, Multilateral development banks, Financial services, Finance, European Investment Bank, European Investment Fund
Tuesday, July 27, 2021 - 12:00pm

"We are well-positioned now to lead rounds and provide significant support to our companies from inception to exit.

Key Points: 
  • "We are well-positioned now to lead rounds and provide significant support to our companies from inception to exit.
  • Our investment is reinforcing the links between Israel and the European Union, and will result in strengthened cooperation in the research, development and innovation sphere."
  • The General Partners of iAngels Ventures include iAngels founders Hod Moyal and Assia, as well as iAngels Chairman David Assia .
  • The European Investment Fund (EIF) is part of the European Investment Bank group.

CIBC's digital identity verification makes it faster and easier to open new accounts online

Financial services, Computer access control, Finance, Federated identity, Identity management, Canadian Imperial Bank of Commerce, S&P/TSX 60, Identity verification service, Digital identity, Mobile banking, Verification, President's Choice Financial
Tuesday, July 27, 2021 - 12:00pm

Utilizing machine-learning algorithms, digital verification technology offers fast, easy and secure onboarding for new CIBC clients through the CIBC website or mobile banking app.

Key Points: 
  • Utilizing machine-learning algorithms, digital verification technology offers fast, easy and secure onboarding for new CIBC clients through the CIBC website or mobile banking app.
  • "We know our clients and prospective clients are seeking smart, convenient banking, and digital identity verification is another way we're innovating to meet our clients' changing needs," said David Attard, Senior Vice President, Digital Banking & Enablement, CIBC.
  • Digital identity verification is available to clients completing an online application for a chequing account, savings account, personal line of credit, or credit card.
  • To take advantage of digital identity verification, a client must:
    Select the digital identity verification option when prompted during the application process onthe CIBC mobile banking app or website;
    These images are then verified online through secure technology as part of the account or product application process.

Global Commercial Credit Cards Market to 2025 - Impact of COVID-19 - ResearchAndMarkets.com

Banking, Professional services, Payment systems, Money, Finance, Financial services, Credit card, Identity document, Corporate travel management, Financial market, American Express, RuPay
Tuesday, July 27, 2021 - 11:48am

The "Commercial Credit Cards: International Markets Review and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Commercial Credit Cards: International Markets Review and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
  • In global markets outside of North America, spending growth remains underpinned by corporate cards, used mostly for travel and entertainment (T&E), as well as virtual cards used to settle with travel management companies.
  • The consequent spending volume in corporate cards is closely tied to travel budgets and general corporate adoption.
  • Commercial credit card spend for mid-large market companies outside of North America was 42% lower than in 2019.

Star Mountain Capital Names John Ide, Former Managing Director at JPMorgan Asset Management ($2+ Trillion AUM), as Managing Director and Increases Midwest Coverage

Small business, Banking, Professional services, Finance, Finance, Financial services, Banking, House of Morgan, Primary dealers, JPMorgan Chase, Investment banking, Chase Bank, Investment management, Subprime mortgage crisis
Tuesday, July 27, 2021 - 9:30am

Mr. Ide spent the bulk of his career, 22 years, at JPMorgan Asset Management, the $2+ trillion AUM investment manager that is part of the international commercial and investment banking group JPMorgan Chase (NYSE: JPM).

Key Points: 
  • Mr. Ide spent the bulk of his career, 22 years, at JPMorgan Asset Management, the $2+ trillion AUM investment manager that is part of the international commercial and investment banking group JPMorgan Chase (NYSE: JPM).
  • As a Managing Director and member of the Strategic Client Group, he oversaw some of the largest and most sophisticated institutional clients and also served on various internal management committees.
  • While at Banc One Capital Markets, he originated, structured and underwrote more than $3 billion in asset backed credit securities.
  • Star Mountain is dedicated to this large market of underserved businesses purpose-built to address the challenges and opportunities of these companies.

David Wertheimer and celebrity-backed venture fund announce new investment in Danish e-bike sensation MATE

Environment, Sports, Finance, Other Retail, Other Energy, Professional services, Energy, Retail, Biking, Cycling, Mirabaud Group, Mirabaud, Asset management, Financial services
Tuesday, July 27, 2021 - 8:04am

Danish e-bike brand MATE, made famous by record-breaking crowdfunding, secures multi-million euro direct investment from Mirabaud Asset Management through the Mirabaud Lifestyle Impact and Innovation fund (MLII), prompting David Wertheimer, Founding Partner of MLII, to call MATE by far the most fashionable e-bike brand.

Key Points: 
  • Danish e-bike brand MATE, made famous by record-breaking crowdfunding, secures multi-million euro direct investment from Mirabaud Asset Management through the Mirabaud Lifestyle Impact and Innovation fund (MLII), prompting David Wertheimer, Founding Partner of MLII, to call MATE by far the most fashionable e-bike brand.
  • Mirabaud Lifestyle Impact and Innovation (MLII), an investment fund managed by Mirabaud Asset Management, part of the CHF34bn Mirabaud Group , has entered into an agreement with Danish e-bike brand and company MATE.mothership A/S (MATE) for a 3m investment.
  • MATE already owns global celebrity clients and has recently launched great collaborations with lifestyle luxury brands , making MATE by far the most fashionable e-bike brand.
  • Simultaneously, MATE has managed to build in this short period a solid and interactive community of users.