Financial services

Covr Financial Technologies launches Covr Insights - a complete policy management system to track, analyze, and manage life insurance business

Thursday, July 12, 2018 - 4:00pm

BOISE, Idaho, July 12, 2018 /PRNewswire/ --Covr Financial Technologies, a digital life insurance platform for financial institutions, today announced the launch of Covr Insights, a complete inforce policy management system to track, analyze and manage life insurance for financial institutions and brokerage agencies.

Key Points: 
  • BOISE, Idaho, July 12, 2018 /PRNewswire/ --Covr Financial Technologies, a digital life insurance platform for financial institutions, today announced the launch of Covr Insights, a complete inforce policy management system to track, analyze and manage life insurance for financial institutions and brokerage agencies.
  • "Policy management and tracking have long been a thorn in the side of our financial institution partners," said Covr CEO Mike Kalen.
  • "Our partners' ability to manage their books of business from poor performance, expirations, lapses or policy changes has been a challenge.
  • "Inforce policy management is the next logical platform for Covr to offer within our broader mission to simplify the business of life insurance for financial institutions," said Kalen.

OppenheimerFunds releases 2018 Mid-year Outlook

Thursday, July 12, 2018 - 2:53pm

NEW YORK, July 12, 2018 /PRNewswire/ --OppenheimerFunds, a leading global asset manager, released its 2018 Mid-year Outlook to help investors understand some of the most crucial factors that could impact global investing for the rest of the year.

Key Points: 
  • NEW YORK, July 12, 2018 /PRNewswire/ --OppenheimerFunds, a leading global asset manager, released its 2018 Mid-year Outlook to help investors understand some of the most crucial factors that could impact global investing for the rest of the year.
  • To download the 2018 Mid-year Outlook or to view the interactive experience visit: www.oppenheimerfunds.com/outlook
    OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors.
  • OppenheimerFunds, including its subsidiaries, manages more than $250 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of June 30, 2018.
  • Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors.

Morgan Partners Advises InfoHedge in its Strategic Transaction with M/C Partners-backed Thrive

Thursday, July 12, 2018 - 2:19pm

Partnered with Thrive, InfoHedge will become a distinct division focused on the alternative investment management segment.

Key Points: 
  • Partnered with Thrive, InfoHedge will become a distinct division focused on the alternative investment management segment.
  • "Hiring Morgan Partners was one of the best decisions we made," said Sasha Kouperman, President of InfoHedge.
  • Eugene Kushnirskiy, Chief Technology Officer of InfoHedge, added, "Morgan Partners is excellent at what they do.
  • Morgan Partners LLC is a leading financial technologies-focused investment bank providing sell-side and buy-side M&A, fundraising, and corporate development advisory services.

BNY Mellon Wealth Management Names Olivier Khalil as Senior Wealth Director in Philadelphia, Pennsylvania

Thursday, July 12, 2018 - 2:00pm

PHILADELPHIA, July 12, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Olivier Khalil as senior wealth director in Philadelphia, Pennsylvania.

Key Points: 
  • PHILADELPHIA, July 12, 2018 /PRNewswire/ -- BNY Mellon Wealth Management has named Olivier Khalil as senior wealth director in Philadelphia, Pennsylvania.
  • Prior to joining BNY Mellon Wealth Management, Khalil was a Director at Bainbridge Capital and before that Khalil was an EVP at RL Partners.
  • BNY Mellon Wealth Management is a leading wealth manager.
  • BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation.

Banc of California Announces Promotion of Jason Pendergist to Executive Vice President and Head of Commercial Banking

Thursday, July 12, 2018 - 2:00pm

("Bank") today announced it has promoted Jason Pendergist to serve as Executive Vice President and Head of Commercial Banking for the Bank.

Key Points: 
  • ("Bank") today announced it has promoted Jason Pendergist to serve as Executive Vice President and Head of Commercial Banking for the Bank.
  • Mr. Pendergist joined the Bank in September 2017 as Executive Vice President and Head of Real Estate Banking.Mr.
  • Pendergist will continue to oversee the Bank's Real Estate Banking groups, and will add leadership responsibilities for the Commercial Banking group which includes Commercial Banking, Business Banking, Asset-Based Lending, and SBA Lending.
  • Prior to joining the Bank, Mr. Pendergist served as President for Consumer and Commercial Banking for Luther Burbank Savings.Mr.

Banc of California Announces Schedule of Second Quarter 2018 Earnings Release and Conference Call

Thursday, July 12, 2018 - 2:00pm

SANTA ANA, Calif., July 12, 2018 /PRNewswire/ --Banc of California, Inc. (NYSE: BANC) today announced it will release 2018 second quarter financial results on Thursday, July 26, 2018, before the market opens.

Key Points: 
  • SANTA ANA, Calif., July 12, 2018 /PRNewswire/ --Banc of California, Inc. (NYSE: BANC) today announced it will release 2018 second quarter financial results on Thursday, July 26, 2018, before the market opens.
  • The Company will host a conference call to discuss its second quarter earnings at 7:00 a.m. Pacific Time (PT) on the same day.
  • Interested parties are welcome to attend the conference call by dialing 888-317-6003, and referencing event code 7007407.
  • Banc of California, Inc. (NYSE: BANC) provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities.

Synthorx Expands Leadership Team with Three Key Hires

Thursday, July 12, 2018 - 1:00pm

SAN DIEGO, July 12, 2018 /PRNewswire/ -- Synthorx, Inc. , a biotechnology company using synthetic biology to discover and develop novel protein therapeutics, announced today the appointment of three key members to its management team.

Key Points: 
  • SAN DIEGO, July 12, 2018 /PRNewswire/ -- Synthorx, Inc. , a biotechnology company using synthetic biology to discover and develop novel protein therapeutics, announced today the appointment of three key members to its management team.
  • "We are pleased to add these talented individuals each with an impressive track record of leadership and significant accomplishments and experience to our team," said Laura Shawver, Ph.D., President, CEO, and Director of Synthorx.
  • At Leerink and UBS, Dr. Kariuki advised healthcare companies on equity capital financings, mergers and acquisitions, leveraged buyouts, and recapitalizations.
  • The Synthorx platform expands the chemical and structural repertoire of protein therapeutics and uncovers new ways to modulate pharmacological properties of biologics.

New Survey Explores the Payments Experiences That U.S. Consumers Value Most When Shopping

Wednesday, July 11, 2018 - 3:00pm

The online survey of 3,002 U.S. adult consumers, which was conducted in February 2018, explores consumers' merchant experiences as they shop in-store, online, and via mixed channels.

Key Points: 
  • The online survey of 3,002 U.S. adult consumers, which was conducted in February 2018, explores consumers' merchant experiences as they shop in-store, online, and via mixed channels.
  • The survey was designed with the goal of defining and highlighting consumer expectations for optimal experiences with merchants.
  • This second report builds on the overall experiential analysis of the first and puts shopper's payments experiences into the broader context of what consumers value most in their merchant interactions.
  • Within this context, this new analysis explores five broad drivers of shopper experience related to payments: payments choice, ability to use cash, payments security, transaction speed, and availability of gift cards/digital cards."

DepositAccounts.com Releases 2018 Bank Fee Burden Ranking

Wednesday, July 11, 2018 - 3:00pm

CHARLOTTE, N.C., July 11, 2018 /PRNewswire/ -- DepositAccounts.com , a subsidiary of LendingTree, released its 2018 Bank Fee Burden Ranking on the places with the highest and lowest bank fees in the U.S.

Key Points: 
  • CHARLOTTE, N.C., July 11, 2018 /PRNewswire/ -- DepositAccounts.com , a subsidiary of LendingTree, released its 2018 Bank Fee Burden Ranking on the places with the highest and lowest bank fees in the U.S.
  • Key findings from the analysis:
    Florida has some of the highest bank fees overall with West Palm Beach, Orlando, Tampa and Miami receiving the highest Bank Fee Burden Scores.
  • Oklahoma City, Salt Lake City, Kansas City and St. Louis have some of the lowest fees in the country, with the lowest Bank Fee Burden Scores among the 50 metros DepositAccounts.com analyzed.
  • The average overdraft fee for credit unions ($29.22) was between the two, but it was closer to the online bank average than the brick-and-mortar bank average.

Zelle® Study Finds Growing Use of Digital Payments Across Generations

Wednesday, July 11, 2018 - 1:00pm

SCOTTSDALE, Ariz., July 11, 2018 /PRNewswire/ --Early Warning Services, LLC, the network operator behind Zelle, today released the results of its first Digital Payments Adoption Study ("study").

Key Points: 
  • SCOTTSDALE, Ariz., July 11, 2018 /PRNewswire/ --Early Warning Services, LLC, the network operator behind Zelle, today released the results of its first Digital Payments Adoption Study ("study").
  • The study found that adoption and usage of digital person-to-person (P2P) payments are high among all generations, with consumers pointing to trust in friends and family and trust in their financial institutions as the primary reasons for engaging in a digital payment.
  • Although digital P2P adoption first caught on with Millennials, adoption of P2P services continue to be popular among all generations.
  • For Boomers, trust in financial institutions was cited as the key reason for changing payments behavior from physical cash and checks to digital P2P payments.