Bank Value Creation Weakens Worldwide, Eroded by Rising Risk, Regulation, and Compliance Costs, and Heavy Penalties; Four Initiatives Are Critical for Risk Management Agenda, Says Report by The Boston Consulting Group Financial Penalties on Banks for Noncompliance Rose Financial Penalties on Banks for Noncompliance Rose NEW YORK, Feb. 22, 2018 (GLOBE NEWSWIRE) — A decade […]
Pittsburgh, PA, Feb. 20, 2018 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced an agreement with ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE), to help asset managers meet their compliance obligations with respect to SEC Modernization and other regulatory […]
SAN JOSE, Calif., Feb. 14, 2018 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that it is providing a $23 million construction loan to W.L. Butler, Inc. The loan will fund the development of a 60-unit apartment building overlooking Central Park in San Mateo. “We are thrilled to be able offer this financing […]
LONDON, UNITED KINGDOM and NEW YORK, NY–(Marketwired – February 14, 2018) – 3d innovations, a data management software and services firm, today announced that in collaborating with financial institutions on data governance initiatives, the firm has reached an impressive figure of over USD one billion in cost avoidance. 3di have arrived at this positive checkpoint […]
Pilatus Bank Chairman Ali Sadr Pilatus Bank Chairman Ali Sadr LONDON, Feb. 05, 2018 (GLOBE NEWSWIRE) — We are living amid a constantly evolving digital landscape. FinTech startups and challenger banks are continuously launching new advanced digital products on the market. Consumers, being blown away by flashy technologies, demand for their banks to reinvent themselves […]
ANCHORAGE, Ala., Jan. 29, 2018 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported profits for both the fourth quarter and full year in 2017. Net income attributable to the Company (“net income”) was $13.2 million, or $1.88 per diluted share, in 2017, compared to $14.4 million, or $2.06 per diluted […]
Pilatus Bank Chief Operating Officer Luis Felipe Rivera Pilatus Bank Chief Operating Officer Luis Felipe Rivera LONDON, Jan. 11, 2018 (GLOBE NEWSWIRE) — The reality is that fintech startups and challenger banks are threatening to make a major dent in the banking industry as a result of the emergence of digital technology. As an endless […]
DENVER, Dec. 20, 2017 (GLOBE NEWSWIRE) — Following its successful token generation event, WAX today announced it will use blockchain-backed loan platform SALT to allow token holders to use WAX as collateral for cash loans. WAX token holders will be able to keep their cryptocurrency assets, including gaming skins and crypto collectibles, while accessing cash […]
Pilatus Bank Chairman Ali Sadr Pilatus Bank Chairman Ali Sadr LONDON, Dec. 20, 2017 (GLOBE NEWSWIRE) — In banking and fintech, the most important commodity is “trust.” Ali Sadr, Chairman of Pilatus Bank, believes that it is important to recognize where the banking industry stands relative to other industries on the trust scale. The automotive […]
As regulatory uncertainty continues and SEC Modernization becomes reality, Confluence predicts broader data-centricity in business operations and the adoption of data analytics in fund compliance and governance Pittsburgh, PA and London, Dec. 18, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today announced a […]
Pittsburgh, PA, Dec. 12, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, has been awarded “Best Use of the Agile Methodology” at the 2017 American Financial Technical Awards (AFTAs), hosted by Waters magazine and WatersTechnology.com. This marks the second year in a row that […]
SAN JOSE, Calif., Dec. 08, 2017 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) today announced that it was named one of Silicon Valley’s most philanthropic companies by the Silicon Valley Business Journal, an honor the company has received for the past three years. Additionally, this holiday season, Tech CU announced it will be working closely […]
Seasoned Asset Management Fintech Leader to Focus on Client Servicing Pittsburgh, Nov. 28, 2017 (GLOBE NEWSWIRE) — Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting, today announced the appointment of William “Bill” Kinnard as Vice President of Client Experience. Kinnard has over 18 years of experience in leading […]
Pilatus Bank COO Luis Rivera Pilatus Bank COO Luis Rivera We are living in a constantly evolving digital landscape says Pilatus Bank. Fintech startups and challenger banks are continuously launching innovative and advanced digital products on the market. Consumers experience instant gratification with immediate access to the latest technologies via their always-on mobile phones, Wi-Fi-connected […]
Dublin, Nov. 20, 2017 (GLOBE NEWSWIRE) — The “Future of Digital Banking” report has been added to Research and Markets’ offering. This report on the Future of Digital Banking’ offers banks looking to invest in their digital banking initiatives, and fintech companies looking to address this market, a single source of information and objective assessments […]
Funding led by Index Ventures will enable construction lending innovator to capitalize on accelerated growth, deepen team, and bolster investments in data utilization for industry NASHVILLE, Tenn., Nov. 15, 2017 (GLOBE NEWSWIRE) — Built, the Nashville, TN based technology company bringing construction lending into the digital age, today reached a pivotal point in the company’s […]
Bringing a much needed, rapidly implementable end-to-end open banking solution to clients across the globe NEW YORK, NY and LONDON, UNITED KINGDOM and DUBAI, UNITED ARAB EMIRATES and MEXICO CITY, MEXICO–(Marketwired – November 15, 2017) – Volante Technologies Inc.,a global provider of software for the integration, processing and orchestration of payments and financial messages on […]
• Regulatory requirements and technology innovation seen as driving back-office transformation • Results also find growing urgency to centralize data and automate processes Pittsburgh, PA, Nov. 14, 2017 (GLOBE NEWSWIRE) — Confluence, the global leader in investment data management automation for regulatory, financial and investor reporting, today released the results of its 2017 Asset Management […]
NEW YORK, NY–(Marketwired – October 30, 2017) – 3d innovations, a data management software and services firm, today announced it has hired market data specialist Greg Kozar to head up its main consulting and product competencies in the U.S. and Canada. Stephen Veasey, CEO, 3di, says, “60 percent of our client base is in North […]
Family Banking Product, In-House Credit Card Program and Annual Report Recognized in 2017 SAN JOSE, Calif., Oct. 26, 2017 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) today announced that it has won two Credit Union Journal Best Practices Awards for its Family Banking product and in-house credit card program. Tech CU also won a Gold […]
RICHMOND, Va., Oct. 25, 2017 (GLOBE NEWSWIRE) — Xenith Bankshares, Inc. (Nasdaq:XBKS), parent company of Xenith Bank, announced financial results for the three and nine months ended September 30, 2017. The company reported net income of $7.158 million, or $0.30 per diluted share, for the third quarter of 2017. Results for the third quarter of […]
Demand for bitcoin is triggering the top cryptocurrency exchanges and ICO issuers to leverage Jumio’s Netverify to increase investor trust, improve credibility, and comply with emerging compliance directives PALO ALTO, CA–(Marketwired – Oct 23, 2017) – Jumio Corporation today announced that Q3 sales increased 411 percent year-over-year as a result of increased sales in the […]
LONDON, Oct. 19, 2017 (GLOBE NEWSWIRE) — The global economic system has long been affected by financial institutions being so large and interconnected that their failure could bring about an enormous financial crisis. Ali Sadr, Chairman of Pilatus Bank, believes that this has led to a complacency that potentially could impose a systemic risk on […]
AUSTIN, Texas, Oct. 18, 2017 (GLOBE NEWSWIRE) — Eventus Systems, Inc. (“Eventus”), a provider of innovative regtech software solutions, announced that Phillip Capital Inc. (“PhillipCapital”) is a client of its Validus risk and surveillance platform. Validus provides a centralized view of trading, operations, surveillance, compliance and risk management information for a wide range of financial […]
As Diverse Digital Competitors Vie for Parts of the Payments Ecosystem, Incumbents Must Deepen Ties to Customers to Remain Dominant Players, Says Report by The Boston Consulting Group BOSTON, Oct. 16, 2017 (GLOBE NEWSWIRE) — Facing growing incursion from a diverse group of rivals—including digital giants, fintechs, device manufacturers, and retailers—banks need to reinvent their […]
Will Oversee Member Services and Retail Banking Functions SAN JOSE, Calif., Oct. 12, 2017 (GLOBE NEWSWIRE) — Tech CU (Technology Credit Union) announced today that Robert Reed has joined the company as its new Chief Retail Banking Officer and Executive Vice President. He will be responsible for delivering an incredible member experience by leading the company’s […]
Ranked #7 Among All Bank and Non-Bank SBA 7(a) Lenders LAKE SUCCESS, N.Y., Oct. 10, 2017 (GLOBE NEWSWIRE) — Newtek Business Services Corp. (“Newtek” or the “Company”) (NASDAQ:NEWT), an internally managed business development company (“BDC”), today announced that its wholly owned subsidiary Newtek Small Business Finance, LLC (“NSBF”) maintained its position as the largest non-bank […]
Giving banks quick connectivity to members in the Token ecosystem NEW YORK, NY and LONDON, UNITED KINGDOM and DUBAI, UNITED ARAB EMIRATES and MEXICO CITY, MEXICO–(Marketwired – October 10, 2017) – Volante Technologies Inc., a global provider of payments and message integration software, today announced that VolPay Hub is fully tested, qualified and integrated with […]
Program Designed for Tech CU’s Commercial, Non-Profit and Government Members SAN JOSE, CA–(Marketwired – October 05, 2017) – Tech CU (Technology Credit Union), in conjunction with Belvedere Solar Finance, today announced that it is introducing a solar financing program for its commercial, non-profit and government members. The program will allow members to finance solar systems […]
Provides Debit and Credit Card Holders with Real-Time Visibility into Transactions and Control Over Card Features SAN JOSE, CA–(Marketwired – September 21, 2017) – Tech CU (Technology Credit Union) today announced the launch of Card Manager, an intuitive mobile app that allows Tech CU credit and debit card holders to: Control when and where cards […]
Validus Cloud, an innovative regtech software solution, to provide a centralized view into trading, operations, surveillance, and compliance AUSTIN, Texas, Sept. 14, 2017 (GLOBE NEWSWIRE) — Eventus Systems, Inc. (“Eventus”), a provider of innovative regtech software solutions announced that Electronic Transaction Clearing, Inc. (“ETC”) is now a client of its Validus risk and surveillance platform. […]
Digital ID Verification Leader Opens Wall Street Presence to Better Serve U.S. Financial Services Customers PALO ALTO, CA–(Marketwired – Sep 6, 2017) – Jumio Corporation today announced that Q2 sales were up 87 percent year-over-year due to sales within the financial services sector, with large sales to major US banks, cryptocurrency exchanges, and payment platforms. […]
Credit Union Partners with Former Intero Owners Tom Tognoli and John Thompson to Help Fuel Local Economy SAN JOSE, CA–(Marketwired – September 05, 2017) – Tech CU (Technology Credit Union) announced today that it is providing a $3 million commercial real estate loan to property developers and real estate investors Tom Tognoli and John Thompson, […]
CUNA Awards Celebrate Tech CU’s Efforts to Teach Financial Education and Contribute to the Community SAN JOSE, CA–(Marketwired – August 10, 2017) – Tech CU (Technology Credit Union) today announced that it has won two CUNA awards: second place for the Desjardins Adult Financial Education award and an honorable mention for the Dora Maxwell Social […]
Adds four new Silver Members: Arcontech, BankEX, Cloud9 Technologies and FinTech Studios PALO ALTO, CA–(Marketwired – July 25, 2017) – Symphony Software Foundation (the Foundation), the nonprofit organization fostering innovation in financial services through open source software (OSS), continues to build on its 2016 growth, paving the path for a new fintech innovation model based […]
Company seeks to expand its product leadership with a seasoned product & integration professional NEW HAVEN, Conn., July 17, 2017 (GLOBE NEWSWIRE) — To help continue adoption across the industry, expand product offerings and quickly integrate targeted acquisitions, the company has hired Alexandra Ramin as its new Chief Product Officer. Alexandra (Alex) brings two decades […]
TORONTO and NEW YORK, July 14, 2017 (GLOBE NEWSWIRE) — The Investment Industry Regulatory Organization of Canada (IIROC) and Nasdaq, Inc. (Nasdaq:NDAQ) have signed an agreement which extends the surveillance technology relationship between IIROC and Nasdaq’s SMARTS. In this new phase, IIROC will increase its capabilities in advancing its cross-market, multi-asset surveillance across five stock exchanges and eight […]
Loan will support company’s acquisition strategy and technology investments SAN JOSE, CA–(Marketwired – July 12, 2017) – Tech Capital, LLC, the asset-based finance company and wholly-owned subsidiary of Tech CU, today announced that it has originated a $2 million asset-based loan for Gemini Duplication, Inc. The company provides statewide legal document evidence retrieval for California […]
Trusted identity verification expert joins with pioneering bank to verify new users and support Know-Your-Customer (KYC) requirements PALO ALTO, CA and LONDON, UNITED KINGDOM–(Marketwired – Jun 26, 2017) – Jumio, the creator of Netverify® Trusted Identity as a Service (TIaaS), has today announced a partnership with Monzo, which will see the digital challenger bank use […]
SAN JOSE, CA–(Marketwired – June 15, 2017) – Tech CU (Technology Credit Union) announced today it was selected as a Top 100 Bay Area Corporate Philanthropist by the San Francisco Business Times. The credit union also won two bronze Stevie Awards for Financial Services Marketing Campaign of the Year and Annual Report, and a silver […]
