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.
Group Plan Systems adds Envestnet Retirement Solutions as 3(38) to PEP
Group Plan Systems, LLC (GPS), an independent fiduciary for employer-sponsored retirement plans, has added Envestnet Retirement Solutions (ERS) as another ERISA 3(38) fiduciary option for banks, broker-dealers, and investment advisers looking to outsource investment management for employers... - May 27, 2023 - Group Plan Systems
The Oldest British Bitcoin Exchange Celebrates Its 10 Year Anniversary
Bittylicious hits its first decade in style this week and is one of the true OGs on the bitcoin block. - May 23, 2023 - Bittylicious
Zeta & Featurespace to Build Nextgen Issuer Processing in the US Banking & Finance Sector
Zeta, a leading card issuer processor, is thrilled to announce its strategic partnership with Featurespace, a global leader in fraud prevention and risk management. This collaboration aims to deliver advancements in issuer processing within the US banking and finance industry. - May 20, 2023 - Zeta
iGrad Recognized with 2023 Organization of the Year Award by the Institute for Financial Literacy
The San Diego financial wellness education company provides customized and interactive financial wellness solutions to more than 2.7 million students at 650 colleges and universities, over 20,000 employers and over 300 financial institutions. - May 17, 2023 - iGrad
Spencer Savings Bank Welcomes New Union County Market Manager
Ana Rodrigues is joining Spencer Savings Bank as its new Market Manager in Union County, New Jersey. She will lead the overall success of the bank's Union County teams and be responsible for overall team management and business development. She has over 10 years of experience in the banking and real estate investment industries and is fluent in Spanish and Portuguese. - May 17, 2023 - Spencer Savings Bank
Golden 1 Credit Union Teams Up with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its Members
Enrich is used by more than 20,000 employers and more than 300 financial institutions nationwide, with artificial intelligence technology that engages each user with the most relevant content based on their unique financial situation and stage of life. - May 15, 2023 - iGrad
Rising Interest Rates and Multifamily Real Estate: an In-Depth Conversation on The Capital Playbook Podcast
Join The Capital Playbook Podcast on May 11, 2023, 11:00 AM CST as host Charles Williams and guest Tyler Bynum discuss the impact of rising interest rates on the multifamily real estate market. They'll address the gap between buyer and seller expectations, factors affecting net operating income, and potential rental rate trends. Gain valuable insights to navigate the evolving market. - May 11, 2023 - Pioneer Realty Capital
A-Team Group Names Winners of ESG Insight Awards 2023
A-Team Group announced the winners of its ESG Insight Awards 2023 today. - May 11, 2023 - A-Team Group
New Financial Wellness Center Opens in San Diego's Promise Zone
Local residents can access no-cost personal financial coaching. - May 10, 2023 - California Coast Credit Union
TAPCO Credit Union Earns Community Development Certification to Better Serve Pierce County and South Sound
Federal Government recognizes key role of community development financial institutions. Hard-working people in Pierce County have not received the economic opportunities they deserve. TAPCO Credit Union is working to make a difference in the lives of our members, consumers and community. The U.S. - May 10, 2023 - TAPCO Credit Union
NPS Merchant Services Earns Top Honors for Their Credit Card Processing Services in Canada for May 2023 by topcreditcardprocessors.com/ca
topcreditcardprocessors.com/ca, an independent authority on merchant services vendors, has named NPS Merchant Services as the leading Credit Card Processing Services provider in Canada for May 2023. The rankings recognize companies that consistently provide exceptional credit card processing... - May 05, 2023 - topseos.com
FMPay Relaunches Website with Bold, Dynamic Ethos
FMPay, the independent fintech company known for its out-of-the-box financial products and services, is proud to announce the relaunch of its website, FMPay.me. Four years on from start up FMPay has been working hard behind the scenes developing its products and services, slowly building up its client based and reputation. As new licences approach the revamped website lays the foundations for the launch of more exciting products and new markets. - May 04, 2023 - FMPay
Harris & Harris, LTD. Announces Addition to Executive Leadership; Appoints David Peters to Chief Operating Officer
Leading accounts receivable management company, Harris & Harris LTD. is excited to announce the appointment of David Peters to the role of Chief Operating Officer. - May 01, 2023 - Harris & Harris
Concord Servicing Announces New Partnership with ORKA Finance
Concord Servicing will become a loan sub-servicer for ORKA Finance, a lender that creates loan products for solar contractors and their small business customers to finance solar projects. As a loan sub-servicer for ORKA, Concord will provide solutions including billing and payment processing, re-amortizations and reporting, as well as overseeing delinquent accounts. - April 27, 2023 - Concord Servicing
Habitat for Humanity of New Castle County Announces the Launch of Almost Home - a New Pathway to Affordable Homeownership
Habitat for Humanity of New Castle County (HFHNCC) is pleased to announce the launch of Almost Home, a new program to help more low-income individuals become homeowners. The Almost Home Press Conference will be held on Tuesday, May 2 at 11 am on 2226 Lamotte Street in Wilmington. - April 27, 2023 - Habitat for Humanity of New Castle County
Stabilize or Sink? Jasper Colin's Whitepaper Highlights the Role of Strong Risk Management in the Financial Industry
Jasper Colin, a leading market insights and data intelligence firm worldwide, has launched a new whitepaper, titled, "Stabilize or Sink? Market Movers Face Terrifying Decisions to Restore Confidence Post Banking Failures." The whitepaper analyses the warning bells that are ringing across... - April 24, 2023 - Jasper Colin
Gary S. Williams of Williams Asset Management Honored in Forbes Best-in-State Wealth Advisors List in Maryland for 2023
Williams Asset Management, an independent investment and financial planning firm in Columbia, Maryland, announced that its Founder, Gary S. Williams, CFP®, CRPC, AIF® has been named to Forbes’ Best-in-State Wealth Advisors list for 2023. The list is published on Forbes.com. According... - April 22, 2023 - Williams Asset Management
Montclair State University Launches iGrad Student Financial Literacy Platform to its Over 20,000 Students, Faculty and Staff
iGrad is currently used by more than 650 public and private colleges and universities of all sizes. Based on artificial intelligence and proprietary algorithms, iGrad personalizes financial information for each student’s situation and needs. - April 19, 2023 - iGrad
The Benefits of ERC Tax Credits = FREE MONEY for Small Businesses. Watch The Capital Playbook Podcast Show Episode 42 Premiere.
Do you like free money? Watch this week's episode featuring "Employee Retention Credit," with our guests Terry Bleistein and Jason Pratt. The ERC is a fully refundable tax credit available to businesses that were impacted by COVID-19. The total ERC benefit per employee can be up to $26,000. - April 13, 2023 - Pioneer Realty Capital
NexGen Networks Deploys a New Point of Presence in Lithia Springs, GA
Delivering enhanced customer benefits in a robust market. - April 13, 2023 - NexGen Networks
Mars Bank Promotes Schneider to Vice President
Mars Bank named Dan Schneider Vice President, IT Network Infrastructure. He is responsible for ensuring effective and secure operation of all computer systems. Schneider joined Mars Bank in 2015 as a network administrator and has over 20 years’ experience in the information technology industry. - April 12, 2023 - Mars Bank
Mutual Security Credit Union Teams Up with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its Over 25,000 Members
Enrich is used by more than 20,000 employers and more than 300 financial institutions nationwide, with artificial intelligence technology that engages each user with the most relevant content based on financial situation and stage of life. - April 05, 2023 - iGrad
Mars Bank Announces Expanded Team in Mercer County
Mars Bank announced it is expanding its team serving Mercer County, Pa. Mitch McFeely, is moving to a full-time commercial banking role focusing on developing business relationships in Mercer and northwestern Pennsylvania counties. McFeely was manager of the bank’s Grove City branch since it... - April 05, 2023 - Mars Bank
United Capital Announces Completion of an $8 Million Purchase Order Finance Facility
Entity looking for a finance solution to replace a previous lender that was not capable of keeping up with the company’s growth. - March 31, 2023 - United Capital Partners
FedNow Cash IP Pool Licensing Program Goes Global: Accelerating P2P and CBDC App Development Worldwide
The FedNow Cash Consortium has announced the global availability of the FedNow Cash IP Pool Licensing Program, aimed at accelerating the development of P2P and CBDC applications. The program offers a wide range of assets and resources to support FinTech developers in creating innovative financial solutions. - March 31, 2023 - FedNow Cash Consortium
Cal Coast Cares Foundation to Award Over $185,000 in Student Scholarships
Application Deadline is April 30, 2023 - March 30, 2023 - California Coast Credit Union
Occams Gets Awarded on the Fortunes America's Most Innovative Companies 2023 List
Occams Advisory Inc. has been awarded on the Fortune list of America’s Most Innovative Companies 2023. This prestigious award is presented by Fortune and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on March 29, 2023, and can... - March 29, 2023 - Occams Advisory
Plexus Financial Services Teams Up with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its Over 25,000 Participants
Enrich is used by more than 20,000 employers and more than 300 financial institutions nationwide, with artificial intelligence technology that engages each user with the most relevant content based on financial situation and stage of life. - March 27, 2023 - iGrad
The Effect of Physical and Mental Health on Financial Well-Being
The Institute of Consumer Money Management (ICMM), a nonprofit public charity organization based in North Carolina funded a study to explore the Link between Physical and Mental Health and Financial Well-Being. A new literature review, titled, "Literature Review on the Effect of Physical and... - March 25, 2023 - The Institute of Consumer Money Management
Mars Bank Adds Chief Mortgage Lending Officer
Todd Fletcher joined Mars Bank as Senior Vice President and Chief Mortgage Lending Officer. Mr. Fletcher brings nearly 30 years’ experience in mortgage origination and sales management. He will manage the bank’s mortgage lending team. - March 23, 2023 - Mars Bank
A-Team Group Names Winners of Innovation Awards 2023
A-Team Group has named the winners of its prestigious Innovation Awards 2023. - March 23, 2023 - A-Team Group
Coastal Community Credit Union Teams Up with iGrad to Offer Personalized Financial Wellness Program
Enrich is one of the only financial wellness programs to offer a global product that allows multinational employers to implement one consistent, highly personalized financial wellness solution for employees in different countries. - March 20, 2023 - iGrad
Emerald Creek Capital Lends $60.5 Million on New Condo Development in Long Island City
Emerald Creek Capital has provided a $60.5 million bridge loan in the Long Island City neighborhood of Queens, NY. The loan is secured by 84 condominium units totaling 71,519 square feet, primarily penthouses or located on the upper floors of a newly constructed 67-story tower. The building is the tallest skyscraper in Long Island City and offers amenities such as a fitness center, indoor swimming pool, and business center. - March 19, 2023 - Emerald Creek Capital
Regions Bank Acquisition of Sabal Capital Opens Up Hotel and Multifamily Financing Nationwide
The Capital Playbook Podcast Show is thrilled to announce the premiere of its latest episode, "Regions Bank Acquisition of Sabal Capital Opens Up Hotel and Multifamily Financing Nationwide," on Thursday, March 16, 2023, at 11:00 AM CST. This episode features special guest Austin Barrett, who joins the show to share some exciting news with the nationwide lending community. - March 16, 2023 - Pioneer Realty Capital
Synthetic Training Data from GenRocket Enables Highly Accurate Machine Learning Models for Anomaly Detection
New intelligent data generators for the GenRocket Test Data Automation platform make it possible to generate billions of rows of synthetic training data with precise control over the volume, variety and the output format required to accurately train machine learning models. - March 16, 2023 - GenRocket, Inc.
BDA Announces Senior Tech Banker Hire for Greater China
BDA Partners is pleased to announce that Jeff Chen has joined as a Managing Director and Head of Technology, Greater China, based in Hong Kong. Jeff will expand and deepen BDA’s origination and coverage of the Tech sector in Asia. Jeff has almost 20 years’ experience advising on... - March 15, 2023 - BDA Partners Ltd
Unitus Community Credit Union Teams Up with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its more than 100,000 Members
Enrich is used by more than 20,000 employers and more than 300 financial institutions nationwide, with artificial intelligence technology that engages each user with the most relevant content based on financial situation and stage of life. - March 14, 2023 - iGrad
Using Credit Unions to Finance Commercial Real Estate Episode 37 Capital Playbook
The Capital Playbook Podcast Show is excited to announce the premiere of their latest episode, "Using Credit Unions to Finance Commercial Real Estate," featuring special guest Luke Smith, AVP/Commercial Loan Officer at CU Business Group. The show premiered on Thursday, March 9, 2023, at... - March 10, 2023 - Pioneer Realty Capital
Skyward Credit Union Announces New Vice President of Operations
Amanda Tate has been promoted to Vice President of Operations for Skyward Credit Union. Amanda joined the staff at Skyward Credit Union in 2010 as a teller and has grown with the credit union to the positions of Member Service Leader and Supervisor. She is also the BSA officer. - March 09, 2023 - Skyward Credit Union
Best Financial Services Websites to be Named by Web Marketing Association in 27th Annual WebAward Competition
Enter and win Best Financial Services Website in the 27th WebAward competition for Website Development. This acclaimed award program, with 86 industry categories, including banking, credit unions, investments, mutual funds and financial services, recognizes the achievements of Web professionals all over the world. Winners get a handsome trophy, a limited-edition NFT, a great marketing opportunity, a potential career boost and unlimited bragging rights. - March 06, 2023 - Web Marketing Association
Merchants Bancard Network Earns Top Honors for Their Best Cash Discount Program for March 2023 by topcreditcardprocessors.com
topcreditcardprocessors.com, an independent authority on merchant services vendors, has named Merchants Bancard Network as the leader in cash discount programs for March 2023. - March 06, 2023 - topseos.com
A-Team Group Names Winners of TradingTech Insight Awards – Europe 2023
A-Team Group announced the winners of its acclaimed TradingTech Insight (TTI) Awards today. - February 28, 2023 - A-Team Group
Concord Servicing Announces New Partnership with Home Run Financing
Concord Servicing is pleased to announce that it will become the loan servicing provider for Home Run Financing, a lender offering innovative home improvement financing solutions for residents in more than 830 communities across California, Missouri and Florida. The company will provide complete loan servicing and reporting for the entire Home Run Financing loan portfolio, powered by Concord’s leading technology platform. - February 27, 2023 - Concord Servicing
University of North Georgia Launches iGrad Student Financial Literacy Platform
Research shows that student financial literacy programs can decrease financial stress, improve academic performance, and teach students how to manage their finances for a lifetime. - February 24, 2023 - iGrad
Carolina Community Impact Helps 26 Businesses Receive Over $150,000 in 0% Interest Loans
CCI’s Central Carolina KivaHub launched as an alternative lending solution for CCI’s demographic base. CCI offers non-banked small business loans up to $250,000 to small business owners who can provide a business plan with proof of concept, in addition to providing financial documentation and showing creditworthiness. Most of these loans are funded within two weeks of successfully submitting an application and establishing a relationship with CCI’s business counselors. - February 22, 2023 - Carolina Community Impact
Spencer Savings Bank Announces Promotion of Mercedes Pedrick to Senior Vice President and Director of Home Finance
Spencer Savings Bank is pleased to announce the promotion of Mercedes Pedrick to Senior Vice President and Director of Home Finance. Mercedes has assumed leadership of the newly formed Home Finance group, which provides financing on all 1-4 family properties. "We are pleased to announce the... - February 16, 2023 - Spencer Savings Bank
Mars Bank Donates to Karns City Foundation
Mars Bank donated $5,000 to the Karns City Scholastic Foundation (KC Foundation) through the Pennsylvania Department of Community and Economic Development’s Educational Improvement Tax Credit (EITC) program. The KC Foundation is a non-profit education related organization. Its vision is to... - February 11, 2023 - Mars Bank
Suracy Insurance Agency Relocates Headquarters to Chagrin Valley in Bainbridge Township
Suracy Insurance Agency (Suracy) announced the relocation of its headquarters from Solon, OH to Bainbridge Township, OH in the Chagrin Valley. This move will allow for enhanced collaboration across teams to support expanding services and brings another business to the Chagrin Valley area. - February 11, 2023 - Suracy Insurance Agency, Inc.
Davos 2023: PCA Hosts Dialogue on Supply Chain Integration with Amb. Katherine Tai, Microsoft's Brad Smith, Mastercard's Mike Froman, and PCA’s Jonathan Fantini Porter
The World Economic Forum and the Partnership for Central America host Strategic Dialogue with Ambassador Katherine Tai, U.S. Trade Representative; Marisol Argueta, Head, WEF Latin America; Dr. Ilan Goldfajn, President, Inter-American Development Bank; Brad Smith, President, Microsoft; Mike Froman, Vice Chairman, Mastercard; Jonathan Fantini-Porter, Executive Director, The Partnership for Central America; Janio Rosales, Minister of Economy, Guatemala, among others. - February 10, 2023 - Partnership for Central America
2022 Year in Review: a Pivotal Year of Transformation for Concord Servicing
Since the company’s inception more than 30 years ago, Concord Servicing has driven strong loan portfolio performance for customers through their investments in people, innovation, technology, and world-class service. Looking back at key highlights from 2022, it is evident this past year was a... - February 09, 2023 - Concord Servicing