Author : Fintech News Desk

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Fintech News Desk is a trained group of web journalists and reporters who collect news from all over the financial technology landscape. The financial services innovations include latest and advanced developments related to Digital banking, wallets, AI, ML, IT, Cloud Security, Privacy and Security, Cyber threat intelligence, Space, Big data and Analytics, Blockchain, and Crypto. To connect, please write to Fintech market analyst at sghosh@martechseries.com.

BB&T and Suntrust Complete Merger of Equals to Become Truist

Fintech News Desk
by Fintech News Desk0
Clients to Be Served Through the BB&T and Suntrust Brands Until Conversion Truist Financial Corporation announced the completion of the merger of equals between BB&T Corporation and SunTrust Banks, Inc., effective Dec. 6, 2019. Truist is the sixth largest US commercial bank, serving approximately 10 million consumer households and a......

Montreal Fintech FlexPay Raises $6M from Impression Ventures and BMO Capital Partners

Fintech News Desk
by Fintech News Desk1
FlexPay—which uses AI and machine-learning to help merchants recover lost revenues from declined transactions—is proud to announce they raised $6 million dollars, led by Impression Ventures, with participation from BMO Capital Partners, Anges Québec and strategic partners. Credit card issuers report that 24% of recurring credit card transactions are falsely declined,......

BankerBay is now Aurigin

Fintech News Desk
by Fintech News Desk0
The Platform for Deal Origination BankerBay, one of the world’s largest private deal origination platform, announced that it has rebranded to Aurigin, effective immediately. The Aurigin platform is already positioned as the leading mid-market deal origination resource with over $250 billion of live, investable deals and $30 billion of new deal flow each month. The......

Olympus Fintech Introduces Olympus Platform

Fintech News Desk
by Fintech News Desk0
Innovative, One-Stop Solution Provides Investment Managers Unified Ecosystem of Information and Communication throughout Investment Life Cycle Olympus Fintech, a leading software company creating solutions for public and private market asset managers, announced the launch of its Olympus Platform (the “Platform”), an innovative, one-stop tool that improves operating efficiency for investment......

Eastern Union Launches ‘Pooled Loan’ Division

Fintech News Desk
by Fintech News Desk0
Lenders Will Offer Lower Interest Rates to Borrowers Who Purchase as a Group Eastern Union, one of the country’s leading commercial real estate finance firms, has launched a Pooled Loan division that will deliver below-market interest rates for borrowers. Borrowers will be rewarded with the discounted rates by pooling multiple......

First National Bank Appoints Brad Jones to Lead Charlotte Region

Fintech News Desk
by Fintech News Desk0
First National Bank, the largest subsidiary of F.N.B. Corporation, announced that it has hired Brad Jones, as Regional Market Executive and President of the Bank’s Charlotte market. He reports to Robert Moorehead, Chief Wholesale Banking Officer for FNB. In his role, Jones is responsible for developing new business opportunities, organizing and providing leadership to......

CIT Serves as Sole Lender on $35 Million Financing for Icelandair

Fintech News Desk
by Fintech News Desk0
CIT Group Inc.  announced that its Aviation Lending business, part of its Commercial Finance division, served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland. “We were pleased to work with CIT on securing this financing that further strengthens the financial position of Icelandair Group and......

TCS Positioned as a Leader in Financial Crime and Compliance Operations Services by Everest Group

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by Fintech News Desk0
Tata Consultancy Services’ End-to-end Compliance Framework, Domain Capabilities, and Investments in Blockchain and Cloud Solutions, Cited as Key Strengths Tata Consultancy Services (TCS) , one of the leading global IT services, consulting and business solutions organization, has been named a Leader in the Everest Group PEAK Matrix for Financial Crime......

MUFG Union Bank, N.A. Closes $1 Billion Bank Note Offering, Breaking New Ground with $300 Million Bank Note Benchmarked to Secured Overnight Financing Rate (SOFR)

Fintech News Desk
by Fintech News Desk0
Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, announced that MUFG Union Bank, N.A., the primary banking subsidiary of MUFG Americas Holdings Corporation, has closed a $1 billion bank note offering. The two-tranche transaction is structured as a $700 million fixed rate bank note with a coupon......

Dominion Energy Ohio Issues Scammer Alert to Customers

Fintech News Desk
by Fintech News Desk0
Dominion Energy Ohio warns customers not to provide banking or other personal information to scammers who claim such data is required to receive a new federal tax cut credit. The company reminds customers they will begin receiving those credits automatically, beginning in April 2020, in their monthly bills. The Public Utilities......
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