Month : February 2023

BofA Community Development Banking Provides Record $7.85 Billion in Lending and Investing in 2022
Lending Mortgage News

BofA Community Development Banking Provides Record $7.85 Billion in Lending and Investing in 2022

Fintech News Desk
by Fintech News Desk0
Sixth Consecutive Record Year, Doubled Financing since 2016, by Providing Innovative Affordable Housing Financing Solutions Bank of America Community Development Banking (CDB) provided $7.85 billion in loans, tax credit equity investments, and other real estate development solutions in 2022, surpassing a previous record of $6.7 billion in financing in 2021. In its sixth consecutive......
Atkinson to Chair North Carolina Bankers Association Future Bank Leaders Program Steering Committee
Banking News

Atkinson to Chair North Carolina Bankers Association Future Bank Leaders Program Steering Committee

Fintech News Desk
by Fintech News Desk0
Mike Atkinson, senior director of community development at First Citizens, has been named steering committee chair for the North Carolina Bankers Association (NCBA) Future Bank Leaders program. The new initiative seeks to create a diverse, job-ready talent pipeline for the banking industry by tapping interested students attending historically Black colleges......
Paxos Will Halt Minting New BUSD Tokens
Blockchain News

Paxos Will Halt Minting New BUSD Tokens

Fintech News Desk
by Fintech News Desk0
Existing Tokens Remain Fully-Backed and Redeemable Through Paxos Trust Company Through At Least February 2024 Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD. Effective February 21, Paxos will cease issuance of new BUSD tokens as directed by and......
AdvizorStack Adds Zephyr to Their Financial Advisor Tech Stack
Finance Investment Services News

AdvizorStack Adds Zephyr to Their Financial Advisor Tech Stack

Fintech News Desk
by Fintech News Desk0
Innovative financial tech stack designed to allow advisors to scale efficiencies and increase growth Zephyr, a subsidiary of Informa plc and a recognized leader in investment management technology for wealth managers and advisors, is now available within AdvizorStack’s innovative Financial Advisor Tech Stack. AdvizorStack is a connected dashboard that streamlines operations......
ThoughtFocus Announces Acquisition of BreakFree Solutions
Digital Finance News

ThoughtFocus Announces Acquisition of BreakFree Solutions

Fintech News Desk
by Fintech News Desk0
DevOps Leaders Enhance ThoughtFocus’ Digital Services Capabilities Within Financial Services Sector ThoughtFocus, Inc., a global provider of digital services and technology-enabled digital operations focused primarily on the financial services end market, is pleased to announce the acquisition of BreakFree Solutions (“BreakFree”). Headquartered in Chicago, Illinois, BreakFree provides digital services to leading......
Moomoo Shares Retail Investors' Market Outlook, Most Valued Trading Tools Amid Volatility, Inflation & Uncertainty
News Trading

Moomoo Shares Retail Investors’ Market Outlook, Most Valued Trading Tools Amid Volatility, Inflation & Uncertainty

Fintech News Desk
by Fintech News Desk0
Retail investors are undeterred from their participation in the market even amid an expected recession and ongoing concerns about inflation, according to moomoo‘s 2023 U.S. Investor Survey, a poll of 770 of the trading app’s users that examines their performance in 2022 as well as their outlook on markets, the economy......
Compass UOL Announces Strategic Partnership with mLogica
Digital News Technology

Compass UOL Announces Strategic Partnership with mLogica

Fintech News Desk
by Fintech News Desk0
Compass UOL, a global digital transformation company, announces a strategic partnership with US-based IT modernization and complex event analytics specialist, mLogica. Together, the two digital transformation experts will expand their legacy modernization offerings in Brazil and Latin America. A few months ago, Compass UOL signed another important strategic collaboration agreement with AWS to......
Sandbox Banking Secures $4.3 Million in Seed Funding to Streamline Integration for Banks and Credit Unions
Banking News

Sandbox Banking Secures $4.3 Million in Seed Funding to Streamline Integration for Banks and Credit Unions

Fintech News Desk
by Fintech News Desk0
Sandbox Banking seamlessly connects core banking, loan origination and CRM systems to fintechs via its Glyue API builder Sandbox Banking, the fintech building a low-code integration platform for banking, announces its completion of a strategic investment led by Horizon Ventures, bringing the company’s total financing to $6M. Participating investors include Forum......
GOST Performance Milestone Finally Makes Perpetual KYC Possible for Enterprise Businesses and Financial Institutions
Machine Learning News Risk Management

GOST Performance Milestone Finally Makes Perpetual KYC Possible for Enterprise Businesses and Financial Institutions

Fintech News Desk
by Fintech News Desk0
Leveraging 2022 strategic investments, Giant Oak, Inc. announced that the GOST risk-screening platform has achieved operational milestones enabling efficient, affordable, and continuous adverse media screening at an historic rate of 1 analyst per 10 million entities screened Giant Oak, Inc., the only behavioral science-led machine learning company in the Know......
Cutting Edge Secures $100 Million in New Financing From a Consortium of Banks Led by Pinnacle Financial Partners
Finance Investment Services News

Cutting Edge Secures $100 Million in New Financing From a Consortium of Banks Led by Pinnacle Financial Partners

Fintech News Desk
by Fintech News Desk0
Cutting Edge Media Music (CEMM) announced that it has secured $100 million in new financing from a consortium of banks led by Pinnacle Financial Partners. Cutting Edge Secures $100 Million in New Financing from a Consortium of Banks Led by Pinnacle Financial Partners CEMM, a division of the Cutting Edge......
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