Financial services

InComm Payments Acquires Todo Cartões, One of Brazil's Leading Gift Card Processors

Tuesday, November 24, 2020 - 2:53pm

ATLANTA and SO PAULO, Nov. 24, 2020 /PRNewswire/ -- InComm Payments , a leading global payments technology company, today announced that it has acquired Todo Cartes , one of Brazil's main closed-loop gift card processors.

Key Points: 
  • ATLANTA and SO PAULO, Nov. 24, 2020 /PRNewswire/ -- InComm Payments , a leading global payments technology company, today announced that it has acquired Todo Cartes , one of Brazil's main closed-loop gift card processors.
  • The acquisition will grow InComm Payments' presence in the country by enabling the processing and distribution of closed-loop gift cards.
  • Todo Cartes has an established presence in Brazil, offering a closed-loop digital and physical gift card processing platform for retailers and bulk gift card purchasing for corporate incentives.
  • "This acquisition positions us to process and distribute closed-loop gift cards for some of the greatest retailers in the country," said Ricardo Olivieri, Country Manager for Brazil at InComm Payments.

Brian Jorgenson, Former SVP Fiserv Cash & Logistics joins Perativ as a Senior Advisor

Tuesday, November 24, 2020 - 2:25pm

Perativ helps banks to integrate and automate the four core functions that impact cash distribution costs: cash forecasting, load compliance, treasury reconciliation, and bulk cash ordering.

Key Points: 
  • Perativ helps banks to integrate and automate the four core functions that impact cash distribution costs: cash forecasting, load compliance, treasury reconciliation, and bulk cash ordering.
  • Mr. Jorgenson will leverage his experience and relationships in cash forecasting and cash management solutions to add value to the global Perativ Cash Forecasting platform.
  • Mr. Jorgenson led the development and global retail bank deployments of leading cash forecasting and other cash logistics solutions.
  • Maintaining a focus on cash forecasting for 17 years, he is recognized as a leader in the space having led Fiserv's global cash forecasting and logistics business.

First Horizon to Participate in Goldman Sachs Virtual Conference

Tuesday, November 24, 2020 - 3:00pm

MEMPHIS, Tenn., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Bryan Jordan, CEO of First Horizon (NYSE:FHN), will participate in a virtual conference with Goldman Sachs on December 9, 2020 at 2:40 p.m. Eastern Time.

Key Points: 
  • MEMPHIS, Tenn., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Bryan Jordan, CEO of First Horizon (NYSE:FHN), will participate in a virtual conference with Goldman Sachs on December 9, 2020 at 2:40 p.m. Eastern Time.
  • A link to the conference will be available to the public via live webcast with audio replay available for 14 days after the event.
  • Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates nearly 500 bank locations in 12 states across the Southeast.
  • First Horizon is recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. bank.

After Being Granted 2 Additional Money Transmitter Licenses, Gold Payment App CORO Can Now Operate in 19 U.S. States and District of Columbia

Tuesday, November 24, 2020 - 2:30pm

Coro Global Inc .s (OTCQB: CGLO) gold payment app CORO can now operate in 19 U.S. states and District of Columbia, after the subsidiary Coro Corp. was granted Money Transmitter licenses in New Hampshire and Oklahoma, as it aims to democratize access to gold in the United States and beyond.

Key Points: 
  • Coro Global Inc .s (OTCQB: CGLO) gold payment app CORO can now operate in 19 U.S. states and District of Columbia, after the subsidiary Coro Corp. was granted Money Transmitter licenses in New Hampshire and Oklahoma, as it aims to democratize access to gold in the United States and beyond.
  • CORO is a mobile payment app that allows customers to exchange, send and save gold and dollars easily and securely.
  • The company is now onboarding residents of 20 U.S. states, and intends to expand availability of its gold payment app across the country over the coming months.
  • Coro Global is a Miami, Florida-based fintech with a mission to create a more sustainable global financial system by enabling access to the most resilient form of money: gold.

CPA Canada unwraps Canadians' 2020 holiday spending plans

Tuesday, November 24, 2020 - 2:01pm

According to the annual Holiday Spending Study from Chartered Professional Accountants of Canada (CPA Canada), despite COVID-19, 37 per cent of holiday gift shoppers have still put money aside for gifts in 2020, similar to the 39 per cent reported in 2019.

Key Points: 
  • According to the annual Holiday Spending Study from Chartered Professional Accountants of Canada (CPA Canada), despite COVID-19, 37 per cent of holiday gift shoppers have still put money aside for gifts in 2020, similar to the 39 per cent reported in 2019.
  • While 29 per cent of surveyed holiday gift shoppers plan to spend less this year due to the pandemic, when it comes to gifting, Canadians still intend to spend an average of $588 this holiday season, slightly higher than the $583 reported in the CPA Canada 2019 Holiday Spending Study.
  • A big change for the holiday season in 2020 is how people plan to shop.
  • Nielsen conducted the CPA Canada 2020 Holiday Spending Study via an online questionnaire, from October 1 to October 6, 2020 with 2,004 randomly selected Canadian adults, aged 18 years and over, who are members of their online panel.

PNC Executives To Speak At Goldman Sachs Virtual Conference

Tuesday, November 24, 2020 - 1:50pm

PITTSBURGH, Nov. 24, 2020 /PRNewswire/ --The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy and banking in a virtual moderated discussion format at 1:40 p.m. (ET) Tuesday, Dec. 8, at the Goldman Sachs US Financial Services Conference.

Key Points: 
  • PITTSBURGH, Nov. 24, 2020 /PRNewswire/ --The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy and banking in a virtual moderated discussion format at 1:40 p.m. (ET) Tuesday, Dec. 8, at the Goldman Sachs US Financial Services Conference.
  • The following will be accessible at www.pnc.com/investorevents : a link to the live webcast; related materials, including cautionary statements regarding forward-looking information, available prior to the start of the webcast; webcast replay available for 30 days.
  • The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.
  • For information about PNC, visit www.pnc.com .

Ondot Named as Red Herring Top 100 North America Winner

Tuesday, November 24, 2020 - 1:44pm

San Jose, California, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Ondot Systems, the digital card services platform for credit and debit issuers, has been named a Red Herring Top 100 North America Winner.

Key Points: 
  • San Jose, California, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Ondot Systems, the digital card services platform for credit and debit issuers, has been named a Red Herring Top 100 North America Winner.
  • Winners were chosen from all over North America and represented privately held technology companies from a variety of industries.
  • Companies named to the list are invited to present themselves at the Top 100 Global event next year that will encompass the best-in-show from the Top 100 Europe, North America, and Asia.
  • Founded in 2011, Ondot provides more than 4,500 banks and credit unions with Card App, a digital card management platform to drive cardholder engagement.

1347 Property Insurance Holdings, Inc. Subsidiary FGRe Announces Initial Reinsurance Contract

Tuesday, November 24, 2020 - 1:30pm

1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) (the Company), a holding company which is implementing business plans to operate as a diversified holding company of reinsurance and investment management businesses, today announced the first reinsurance contract entered into by its reinsurance subsidiary Fundamental Global Reinsurance, Ltd. (FGRe).

Key Points: 
  • 1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) (the Company), a holding company which is implementing business plans to operate as a diversified holding company of reinsurance and investment management businesses, today announced the first reinsurance contract entered into by its reinsurance subsidiary Fundamental Global Reinsurance, Ltd. (FGRe).
  • Led by CEO Tom Heise, FGRe was formed in June 2020 pursuant to the Companys diversified investment management and reinsurance strategy.
  • About 1347 Property Insurance Holdings, Inc.
    1347 Property Insurance Holdings, Inc. is implementing business plans to operate as a diversified insurance, reinsurance and investment management holding company and is incorporated in Delaware.
  • The Company endeavors to make opportunistic and value-oriented investments in insurance, reinsurance and related businesses.

Research Study Reveals Major Shift Online for Canadian Financial Industry

Tuesday, November 24, 2020 - 12:15pm

Fintech adoption on the rise as more consumers shift online for financial products.

Key Points: 
  • Fintech adoption on the rise as more consumers shift online for financial products.
  • TORONTO, Nov. 24, 2020 /CNW/ -The fintech lending industry in Canada continued to evolve this year in a number of significant ways.
  • According to Smarter Loans' State of Fintech Lending in Canada 2020 Study, which gathered the feedback of 2,597 Canadian fintech lending customers, there is a fast-growing demand for digital accessibility of financial products in Canada.
  • The 3rd annual research study, published by Smarter Loans on November 24, 2020, reveals that while fintech adoption in some industries is further along than others, there is a general growing willingness in the market for digital financial products, including:

As Deposits Pass $90M HMBradley Raises $18.25M Series A to Continue Fueling Its Explosive Growth

Tuesday, November 24, 2020 - 12:00pm

HMBradley , the digital banking platform built to reward savers, today announced that it has raised $18.25 million in Series A funding based on its explosive growth.

Key Points: 
  • HMBradley , the digital banking platform built to reward savers, today announced that it has raised $18.25 million in Series A funding based on its explosive growth.
  • Funds will be used to ramp its credit program and continue expanding offerings built around consumer needs as HMBradley helps people save at an astounding rate.
  • Additionally, HMBradley is investing in growing its team with impressive talent devoted to creating the best possible customer experience.
  • Recent hires include former director of engineering at Capital One, Ben Coffman , and fintech thought leader Saira Rahman .