Banking & Financial Services News

Get a balanced look at what’s new in the banking and financial services industry. This section features information about commercial banking services and products, credit unions, credit card companies, cryptocurrency, compliance issues and news from banking and financial service companies.

Equiant Adds to Customer Service Team -- Bradford Beverlin New Director of Client Experience

Equiant, a Scottsdale, Ariz.-based accounts receivable servicing provider, is again expanding its customer service team to better tailor its offerings to each client's individual needs. Bradford Beverlin has an extensive background in technology, portfolio management, and resort operations, making him uniquely suited to his new role as Director of Client Experience. - June 04, 2019 - Equiant

Irshad Akhtar Joins Heliocor the Emerging RegTech Restoring Trust in Financial Services

Heliocor is pleased to announce that Irshad Akhtar has joined Heliocor as Finance Director. In addition to his financial and risk responsibilities, he will be working closely with Managing Director, Vikas Tripathi, to bring Heliocor’s world class compliance solutions to the Middle East and... - June 02, 2019 - Heliocor

New Investment Supports SkySparc Growth Strategy

SkySparc, an independent solutions provider, has entered into an agreement for a strategic investment by Bragnum Invest to support the firm’s growth strategy. Under the terms of the transaction, existing SkySparc owners and staff will remain significant shareholders in the company. - May 29, 2019 - SkySparc

Tunisian American Wall Street Executive Sofien Bennaceur, Candidate for President of Tunisia 2020

Tunisian American Sofien Bennaceur, 2020 presidential candidate for Tunisia, is backed by major Wall Street influential firms and lobbies. Sofien Bennaceur, who is considered an influential person, is a conservative in terms of fiscal policy. He supports major reforms on opening up Tunisia to new... - May 28, 2019 - Sofien Bennaceur

BDA Advises Hwa Sung Cosmetics on Sale to Affirma Capital/SCPE

BDA Partners is pleased to announce that its client, the founder of Hwa Sung Cosmetics (“Hwa Sung”), has agreed to divest a controlling equity stake in Hwa Sung to Affirma Capital, formerly known as Standard Chartered Private Equity (“SCPE”). The value of the transaction is... - May 24, 2019 - BDA Partners Ltd

Strong 2018 Performance Positions SkySparc for Future Growth

SkySparc, an independent solutions provider, has confirmed another successful year of revenue and profit growth in 2018, built on strong demand in its core business areas and continued investment in service quality. - May 23, 2019 - SkySparc

Nepal SBI Bank Partners with Khalti Digital Wallet to Facilitate E-Banking Users for Digital Payments

Nepal SBI Bank Limited (NSBL) has signed an agreement with Khalti to facilitate its e-banking users for digital payments. With this partnership, NSBL customers across Nepal can now avail all digital payments facilities available at Khalti and pay directly via their bank account using Nepal SBI Bank e-Banking services. NSBL customers don’t need to load funds in Khalti wallet to make online payments. - May 23, 2019 - Khalti Digital Wallet

National Credit Partners Helps Small Business Owners Who Are Overwhelmed with High Interest Debt

Small business owners are increasingly turning to alternative online financing as a fast way to keep their business afloat - although this money is easy to obtain, the interest rates are astronomical and the terms often predatory. That is where National Credit Partners steps in to help the over extended business owners. - May 22, 2019 - National Credit Partners

Primary Vision Debuts New Video Detailing Their Innovative Frac Spread Count

Primary Vision, a leading distributor of data on hydraulic fracturing activity in the United States, has debuted a new visual detailing their Frac Spread Count system, which provides valuable insights and analytics for oil and gas industry professionals and investors – watch here. The latest... - May 22, 2019 - Primary Vision

Derek Bell's State Farm Agency, Serving the Tri-Lakes Community, Has Received the Company’s Prestigious President’s Club Award for the Second Year in a Row

The President's Club award is the most highly recognized honor amongst State Farm agents and exemplifies extraordinary achievement which challenges even the most successful agents. In 2018 Derek Bell's State Farm Agency finished #41 out of more than 19,000 agencies in the U.S. - May 22, 2019 - Derek Bell Insurance & Financial Services, Inc.

FinTech School Partners with the Government of Bermuda to Make FinTech Education Accessible to Bermudian Citizens

With the mission of making FinTech education accessible, FinTech School has partnered with the Government of Bermuda to launch an online program where any citizen of Bermuda will be able to access FinTech courses developed by FinTech School. FinTech School really appreciates the vision of the... - May 21, 2019 - FinTech School

RPA Names Rob Mangano Director – Client Relations

Deep public sector retirement plan experience and commitment make for a strong match - May 18, 2019 - Retirement Plan Advisors

Shadow Financial Systems Expands its Headquarters to Accommodate Continued Growth

ShadowSuite is being adopted by more industry participants and current customers are expanding asset class coverage creating the need to expand the team on all fronts and therefore, the size of corporate headquarters. - May 18, 2019 - Shadow Financial Systems, Inc.

RSLFC Receives A Rating Raise on Portfolio from S&P Global Ratings

S&P Global Ratings has raised the ratings on student loan portfolio where RSLFC is the master servicer and administrator. - May 15, 2019 - iHELP Student Loan/RSLFC

Meadows Bank Reports 12% Total Loan Growth

Meadows Bank, headquartered in Las Vegas, NV, releases First Quarter 2019 Financials. - May 13, 2019 - Meadows Bank

Trust Stamp Expands Leadership Team, Addressing Financial Crime

Artificial Intelligence Powered Identity Authentication Company Names US Marshals Service Senior Inspector and Marine Corps Veteran as Director of Financial Crime Services. - May 09, 2019 - Trust Stamp

Loan Agreement Signed by Legion Finance Trade Limited and Triskata International

The Legion Finance Trade Limited Group; signed a loan agreement in the aggregate amount of up to 897 million Euro with Triskata International for installation of 680MW of power plant. - May 09, 2019 - Legion Finance Trade Limited

New Ownership for Secure Trading Limited, Secure Trading Financial Services Ltd. (t/a Acquiring.com) and Secure Trading Inc. - a New Era Under Tru//ST Payments

Payments group Secure Trading Limited (STL), Secure Trading Financial Services Ltd. (STFS) (t/a Acquiring.com) and Secure Trading Inc. (STI) (the “Group”), a leading provider of omnichannel payment processing and business solutions in Europe and North America, announces new ownership beginning today. - May 09, 2019 - Secure Trading

Nonprofit Lender BCL of Texas Appoints David Brennan as New Board Chair

Local non-profit economic development organization Business and Community Lenders (BCL) of Texas has appointed David Brennan of Waco, TX, as its new Board of Directors Chair. This designation comes as BCL’s retiring Chair, Andres Garza, Jr., is honored with the prestigious designation of... - May 08, 2019 - BCL of Texas

SkySparc Strengthens Murex Practice with Technical Lead

SkySparc, an independent solutions provider, has hired Markus Linke, a senior Murex consultant with almost two decades’ experience, to deepen the expertise of its Murex practice. - May 07, 2019 - SkySparc

J.P. Morgan and Bora Payment Systems Debut New Payment Automation Technology

Bora Payment Systems, operating under a strategic collaboration agreement with J.P. Morgan Chase bank will now provide advanced payment processing technology to automate delivery of J.P. Morgan's Single-Use Accounts (SUA) payments. - May 07, 2019 - Bora Payment Systems, LLC

Everitt Lawson Group: UK Interest Rates Will Likely be Kept Steady

Everitt Lawson Group economists say Brexit delay could cause BoE to leave borrowing costs unchanged for most of this year. - May 06, 2019 - Everitt Lawson Group

Free Medicare Basics Seminars Scheduled for May and June 2019

Medicare Basics Education seminar to discuss the who, what, when, how and why of the health care program for retirees and disabled. - May 02, 2019 - Jones Health and Benefits, LLC

Partner Colorado Credit Union Appoints Doug Fagan President

Sundie Seefried Remains as Chief Executive Officer. - May 02, 2019 - Partner Colorado Credit Union

Partner Colorado Credit Union Fosters a Culture of Caring Through Leave Sharing Program

Partner Colorado Credit Union now allows employees to donate their paid time off (PTO) to fellow co-workers experiencing a crisis who do not have enough leave time of their own. Also known as leave-sharing, this employer-sponsored program enables a Partner Colorado employee with accrued time off... - May 02, 2019 - Partner Colorado Credit Union

Brian Mckinney Earns CERTIFIED FINANCIAL PLANNER Certification

Brian McKinney, CFP®, an Associate Financial Planner at Williams Asset Management has been authorized by the Certified Financial Planner Board of Standards (CFP Board) to use the CERTIFIED FINANCIAL PLANNER™ and CFP® certification marks in accordance with CFP Board certification and... - May 02, 2019 - Williams Asset Management

DRB Financial Solutions Closes $50 Million Financing

Multi-year, multi-asset credit facility primes company for accelerated growth in 2019. - May 01, 2019 - DRB Capital

Meadows Bank Named SBA Nevada Lender of the Year

On April 11, 2019, the Nevada District office of the U. S. Small Business Administration (SBA) announced the 2019 Lender Awards, honoring lenders for their commitment to providing critical capital to Nevada’s small businesses in 2018. Meadows Bank is proud to be honored as the SBA Nevada... - April 30, 2019 - Meadows Bank

Spencer Savings Bank Celebrates Financial Literacy Month with Almost 300 Students

Teach Children To Save Day is an opportunity for bankers to demonstrate their commitment to community by teaching young people the value of saving. Spencer Savings Bank recently celebrated Financial Literacy Month with almost 300 students across various schools in New Jersey. Bank employees participated in “Teach Children To Save Day” events and taught fifth and sixth grade students lesson plans on the importance of saving and other money management skills. - April 30, 2019 - Spencer Savings Bank

Partner Colorado Credit Union Announces Record Results with Latest High-Rate CD Promotion

Part of Credit Union’s Ongoing Strategy to Attract & Retain Deposits. - April 28, 2019 - Partner Colorado Credit Union

Partner Colorado Foundation Announces Record $500K Fund

Partner Colorado Credit Union announced today that the Partner Colorado Foundation has reached the $500K mark, a milestone achieved through the generosity of the credit union and its corporate and community partners. The Partner Colorado Foundation, committed to the credit union philosophy of... - April 28, 2019 - Partner Colorado Credit Union

Wayland Pond IV Has Been Promoted to Chief Operating Officer, VirPack

VirPack is pleased to announce that Wayland Pond was promoted to Chief Operating Officer, VirPack. Pond brings a fresh management philosophy and strategic mindset for product development, operations, and corporate ethos. He is uniquely suited to step into this role to help VirPack add additional value to lender business operations. - April 26, 2019 - VirPack

Khalti Digital Wallet in Nepal Gets License from Central Bank to Operate as Payment Service Provider

Nepal Rastra Bank, the central bank of Nepal, has provided Khalti, a Payment Service Provider (PSP) license under its "Payment and Settlement Bylaw 2072" for Wallet Services through telecommunication technology and internet. Along with digital payment services, now Khalti will also... - April 26, 2019 - Khalti Digital Wallet

IASG Fund Services LLC ("IASG-FS") Launches to Promote a Highly Disruptive Fund Administration Software to CTAs, CPOs and Other Alternative Managers

Institutional Advisory Services Group or IASG, a service provider to alternative managers for 25 years, is launching a new division, IASG Fund Services. This company will promote Seamless Solutions, an innovative and disruptive software developed by Sudrania LLC. The platform can service CTAs, CPOs, hedge funds, private equity sponsors, real estate investment companies, family offices and mutual funds. - April 25, 2019 - IASG Fund Services LLC

Findlay Nicolson – China Needs More Stimulus

Findlay Nicolson analysts warn that China’s economy needs ongoing stimulus measures to stabilize. - April 24, 2019 - Findlay Nicolson

Credit Benchmark Announces Craig Broderick Head of New Advisory Board

Credit Benchmark, the leader in consensus credit data and analytics, announced the establishment of a new advisory board led by Craig Broderick, former chief risk officer (CRO) of Goldman Sachs & Co. Mr. Broderick retired from Goldman Sachs in January 2018 after 32 years, having served as CRO... - April 24, 2019 - Credit Benchmark

iGrad Receives Pension & Investments Eddy Award for Enrich™ Financial Wellness Platform

iGrad recently was recognized with a Pension & Investments Eddy Award for its Enrich™ financial wellness platform. iGrad was honored along with Virginia Retirement System (VRS), an independent state agency that offers the Enrich platform to its 700,000 members. iGrad and VRS received the... - April 24, 2019 - iGrad

Findlay Nicolson - Global Economic Rebound Unlikely in 2019

Findlay Nicolson economists say rapid global economic expansion is likely a thing of the past. - April 17, 2019 - Findlay Nicolson

Fountainhead Commercial Capital Names Vratanina Senior Vice President

Fountainhead Commercial Capital today announced that Jeffrey J. Vratanina has joined the company as senior vice president of capital markets. Fountainhead specializes in SBA 504 loans for commercial real estate and low loan-to-value conventional real estate loans while also offering SBA 7(a) loans... - April 17, 2019 - Fountainhead Commercial Capital

Ubisecure’s Legal Entity Identifier (LEI) business, RapidLEI, Demonstrates Industry Leading Growth Against Incumbent Competition

LEI issuance stats show 135% growth rate for RapidLEI – indicating the market continues to respond positively to the company’s market disrupting approach. - April 17, 2019 - Ubisecure

ProgressSoft Sparks the Interest of Central Banks at the Currency Conference in Dubai

ProgressSoft Corporation concludes a loudly successful inaugurate participation at the Currency Conference, bringing its Blockchain-based Central Bank Digital Currency to more than 70 central banks this past week in Dubai, UAE. The premier conference gathered a circa of 400 participants including... - April 17, 2019 - ProgressSoft Corporation

Aaron Slye Joins Fidelity Bank of Texas as Vice President - Loan Officer

Fidelity Bank of Texas is under new leadership. Harry Geib was hired as bank president in August 2018, and he has a renewed emphasis on commercial growth, including expanding FBOT's commercial lending team. - April 09, 2019 - Fidelity Bank of Texas

"Future Fintech" Interactive Dinner New Bonus to Two-Day Accredited Financial Advisor Training

DNA Behavior International adds interactive dinner aimed at further activating behavioral insight solutions for attendees during April 24-25 training in Atlanta. - April 04, 2019 - DNA Behavior International

T-REX Taps Seasoned FinTech Executive Tricia San Cristobal as Chief Product Officer

Thomson Reuters and Bloomberg vet Tricia San Cristobal joins T-REX as Chief Product Officer, bringing deep financial markets, SaaS, and data management experience to take product strategy to the next level. - April 03, 2019 - T-REX

Michelle Caine of Prudential Financial Becomes the New NSSTA President

National Structured Settlements Trade Association announces Michelle Caine as President and Michael W. Goodman as President-Elect. - April 03, 2019 - National Structured Settlements Trade Association

MetCredit Acquires the Collection Agency Division of Accès Crédit, a Quebec Based Credit Bureau

In its latest asset acquisition, national collection agency MetCredit (Metropolitan Credit Adjusters Ltd.) has acquired the collection agency division of Quebec credit bureau Accès Crédit. “Having successfully run a physical office in Montreal for nearly 30 years, this was a... - April 02, 2019 - MetCredit

Guidance Residential Co-Sponsors Muslim Jurists' Conference

Guidance Residential received warm endorsements from numerous community leaders at an imams' conference focusing on contemporary financial issues March 1-4 in Houston. The conference explored real estate-related questions such as taking out government loans to buy a home and buying short-sales and bank-owned homes. Guidance Residential was a silver sponsor of the conference. - April 01, 2019 - Guidance Residential

Glitzkoin CEO Navneet Goenka Announces DOBITRADE Listing for GTN