Financial services

Voya Financial Comments on DOL’s ESG Retirement Plan Guidance Proposal

Thursday, July 30, 2020 - 2:00pm

Voya has several concerns with the DOLs proposal and believes it ignores the needs of retirement plan savers and fails to recognize the benefits that ESG investments can provide.

Key Points: 
  • Voya has several concerns with the DOLs proposal and believes it ignores the needs of retirement plan savers and fails to recognize the benefits that ESG investments can provide.
  • If enacted, the DOLs proposal would likely make it more difficult for plan sponsors to consider ESG factors in their evaluation of plan investment options.
  • If adopted as proposed, we believe the proposal would have a chilling and negative impact on ESG investment activities that would otherwise benefit retirement plan savers.
  • Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings to get ready to retire better.

Snowden Lane Partners Included in the Financial Times 300 Top RIAs List for Sixth Consecutive Year

Thursday, July 30, 2020 - 2:00pm

Snowden Lane Partners , an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced it has been named to the Financial Times (FT) 300 Top Registered Investment Advisers list for the sixth year in a row.

Key Points: 
  • Snowden Lane Partners , an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced it has been named to the Financial Times (FT) 300 Top Registered Investment Advisers list for the sixth year in a row.
  • We feel honored to once again be recognized in the Financial Times 300 Top RIAs list, said Rob Mooney, Snowden Lanes Managing Partner and CEO.
  • We look forward to continuing our growth and distinguishing ourselves as a premiere partnership in the independent wealth advisory space.
  • Snowden Lane provides a multi-custodian, multi-currency platform, with aggregated performance reporting and leading analytical tools for clients and advisors.

Center Improves Accounting Speed and Accuracy with Launch of New Credit Card Program and QuickBooks Integration

Thursday, July 30, 2020 - 2:00pm

As part of Center's complete real-time expense management solution, these new features enable finance teams to access working capital, speed up expense deployments, and improve accounting accuracy.

Key Points: 
  • As part of Center's complete real-time expense management solution, these new features enable finance teams to access working capital, speed up expense deployments, and improve accounting accuracy.
  • The Center Corporate Credit Card program, issued by Comdata, Inc., comes bundled with the powerful Center Expense software, which helps businesses manage and track spend from the point of purchase through review, approval, and reporting.
  • Direct integration with Center Expense software for seamless reconciliation of card expenses to save accounting time and improve accuracy.
  • For more information on the new credit offering, QuickBooks Online integration or to request a demo, visit getcenter.com .

Reonomy Launches Commercial Mortgage-Backed Securities Data Enhancement

Thursday, July 30, 2020 - 2:00pm

NEW YORK, July 30, 2020 /PRNewswire/ -- Reonomy , a leading provider of property intelligence, today announced the launch of the Commercial Mortgage-Backed Securities (CMBS) Data Enhancement to its platform.

Key Points: 
  • NEW YORK, July 30, 2020 /PRNewswire/ -- Reonomy , a leading provider of property intelligence, today announced the launch of the Commercial Mortgage-Backed Securities (CMBS) Data Enhancement to its platform.
  • The addition of the CMBS data set allows Reonomy users to easily find refinance opportunities, view CMBS ongoing financial and loan reporting, access increased coverage of property data points, and more.
  • By adding the CMBS data set, Reonomy is able to improve lead sourcing for debt brokers and lenders who use data points such as this to prospect for refinance opportunities.
  • Reonomy leverages big data, partnerships, and machine learning to connect the fragmented, disparate world of commercial real estate.

Banco Santander-Chile Announces Second Quarter 2020 Earnings

Thursday, July 30, 2020 - 1:48pm

SANTIAGO, Chile, July 30, 2020 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its unaudited results1 for the six month period ended June 30, 2020 and second quarter 2020 (2Q20).

Key Points: 
  • SANTIAGO, Chile, July 30, 2020 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its unaudited results1 for the six month period ended June 30, 2020 and second quarter 2020 (2Q20).
  • Excluding the additional provisions, the adjusted net income was Ch$250,773 million and the adjusted ROAE in the first half of 2020 was 14.3%.
  • In the second half of 2020, we will accelerate our branch transformation process.
  • The BIS capital ratio as of June 30, 2020 was 14.6%, with a core capital ratio of 10.0%.

America First Multifamily Investors, L.P. Extends Maturity of $50 Million Unsecured Line of Credit Commitment

Thursday, July 30, 2020 - 1:15pm

The Seventh Amendment extends the maturity date of the Partnerships $50 million unsecured, non-operating line of credit (Non-operating LOC) to June 30, 2022.

Key Points: 
  • The Seventh Amendment extends the maturity date of the Partnerships $50 million unsecured, non-operating line of credit (Non-operating LOC) to June 30, 2022.
  • The Partnership also entered into an updated Revolving Line of Credit Note which include new terms related to a LIBOR index rate floor of 10 basis points.
  • The extension of the maturity date of the Partnerships $50 million Non-operating LOC continues our strong relationship with Bankers Trust and extends a valuable source of liquidity for ATAX, said Chad Daffer, Chief Executive Officer of America First Multifamily Investors, L.P.
    Additionally, in separate agreements, Bankers Trust has extended the maturity date of the Partnerships $10.0 million unsecured, operating line of credit (Operating LOC) to June 30, 2022.
  • The Partnership disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

PennyMac Financial Services, Inc. Announces Date for Release of Second Quarter 2020 Results

Thursday, July 30, 2020 - 1:30pm

PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended June 30, 2020 in a news release to be issued after the market close on Thursday, August 6, 2020.

Key Points: 
  • PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended June 30, 2020 in a news release to be issued after the market close on Thursday, August 6, 2020.
  • The recording and accompanying slide presentation will be available on the Companys website concurrently with the news release.
  • PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
  • Additional information about PennyMac Financial Services, Inc. is available at www.ir.pennymacfinancial.com .

Appulate Digitizes Workers’ Compensation Policies with AmTrust

Thursday, July 30, 2020 - 1:30pm

Appulate , a digital technology platform for insurance companies, today announced the company will be working with AmTrust Financial Services, Inc. (AmTrust) to allow retail insurance agents and brokers to rate, quote and bind workers compensation policies in real-time.

Key Points: 
  • Appulate , a digital technology platform for insurance companies, today announced the company will be working with AmTrust Financial Services, Inc. (AmTrust) to allow retail insurance agents and brokers to rate, quote and bind workers compensation policies in real-time.
  • Through the relationship, the data can now interact with AmTrusts Application Programming Interface (API) to create a quote for workers compensation policies.
  • Appulates technology reduces the time it takes to rate, quote and bind policies saving valuable time for brokers and agents, said Michael Lebor, Global Head of Digital Innovation at AmTrust Financial.
  • AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York, offers specialty property and casualty insurance products, including workers' compensation, business owners policy (BOP), general liability and extended service and warranty coverage.

New Data From HouseCanary Reveals COVID-19’s Resurgence is Creating an Attractive “Seller’s Market” for Homeowners

Thursday, July 30, 2020 - 1:00pm

The Market Pulse is an ongoing review of proprietary data and insights from HouseCanarys nationwide platform.

Key Points: 
  • The Market Pulse is an ongoing review of proprietary data and insights from HouseCanarys nationwide platform.
  • View the full release here: https://www.businesswire.com/news/home/20200730005294/en/
    HouseCanary Market Pulse Report (Graphic: Business Wire)
    Jeremy Sicklick, Co-founder and Chief Executive Officer of HouseCanary, commented: The resurgence of COVID-19 has solidified a bona fide sellers market across more than half of the country.
  • Our data continues to suggest the probability of a V-shaped housing market recovery remains dim given recessionary concerns, election year uncertainty and the overall decline in listing activity.
  • Be sure to review the Market Pulse in full for extensive state-level data.

Accounting Technology Firm Ceterus Announces Launch of Ceterus for Dental CPAs

Thursday, July 30, 2020 - 12:00pm

Charleston, SC, July 30, 2020 (GLOBE NEWSWIRE) -- Accounting technology company Ceterus announces an innovative, dental industry-specific product to help dentistry-focused accounting professionals enhance and scale their services.

Key Points: 
  • Charleston, SC, July 30, 2020 (GLOBE NEWSWIRE) -- Accounting technology company Ceterus announces an innovative, dental industry-specific product to help dentistry-focused accounting professionals enhance and scale their services.
  • To support this shift, accounting technology firm Ceterus has designed an industry-specific platform to automate the CAS practice for dental-focused CPA firms.
  • Ultimately, this powerful technology allows dental CPAs to focus more time on strategic consulting and value-added services.
  • By leveraging Ceterus for Dental CPAs, were able to grow more efficiently while also providing added value to our dental practice clients, which in turn helps them grow, too.