Search Results for: venture capital funding

SeABank Reached Nearly Us$120 Million Pre-tax Profit, Exceeded 2022’s First Half Business Plan
Banking News

SeABank Reached Nearly Us$120 Million Pre-tax Profit, Exceeded 2022’s First Half Business Plan

Fintech News Desk
by Fintech News Desk0
Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) announced its First half 2022 business results. Additionally, a change in directors in charge was published on July 8th, 2022.  SeABank total assets reached US$ 9.82 billion; Pre-tax profit reached nearly US$ 20 million; Total Operating Income (TOI) reached US$ 215 million; Non-interest......
Financial Institutions Overly Complacent About Current Authentication Methods
Finance News Security

Financial Institutions Overly Complacent About Current Authentication Methods

Fintech News Desk
by Fintech News Desk0
New research report finds most financial organizations have experienced a breach due to an authentication weakness, yet only a third took action HYPR, The Passwordless Company and Vanson Bourne, released a new report that reveals the financial sector is failing to combat the biggest threat in cybersecurity – compromised credentials. Findings show......
Finastra and HSBC collaborate to bring Banking as a Service FX capability to mid-tier banks
Banking News

Finastra and HSBC collaborate to bring Banking as a Service FX capability to mid-tier banks

Fintech News Desk
by Fintech News Desk0
The move will enable banks to embed market-leading FX services directly into corporate and branch channels Finastra and HSBC announced that they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. This collaboration will take advantage of the best elements of modern......
Accenture to Acquire The Stable to Bolster its Commerce Transformation Expertise in North America
Commerce News

Accenture to Acquire The Stable to Bolster its Commerce Transformation Expertise in North America

Fintech News Desk
by Fintech News Desk0
The Stable’s expertise and capabilities to help clients reinvent and accelerate their omnichannel commerce experience Accenture  has agreed to acquire The Stable  a commerce agency focused on helping consumer brands build and operate their own digital commerce channels as well as manage their brand and sales performance across key North......
CIBC Innovation Banking Provides £40 Million Growth Financing to Fintech Company Smart to Accelerate Growth and Acquisitions
Finance News

CIBC Innovation Banking Provides £40 Million Growth Financing to Fintech Company Smart to Accelerate Growth and Acquisitions

Fintech News Desk
by Fintech News Desk0
CIBC Innovation Banking is pleased to announce £40 million of growth financing for London-based Smart, a leading retirement technology provider. Smart will use the capital to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions. Latest Fintech News: Celsius Network Initiates Financial Restructuring to Stabilize Business......
Citizens Financial Group to Expand Wealth Management Business with Acquisition of Paladin Advisors
Finance News

Citizens Financial Group to Expand Wealth Management Business with Acquisition of Paladin Advisors

Fintech News Desk
by Fintech News Desk0
Citizens Financial Group, Inc. announced a definitive agreement to purchase select assets and liabilities of Paladin Advisors, an independent, registered investment advisor headquartered in Kensington, New Hampshire. This acquisition strengthens Citizens’ presence in an important geography, while bringing additional investment capabilities to the Clarfeld | Citizens Private Wealth team. Latest......
Apollo Funds Announce $175 Million Strategic Investment in Summit Ridge Energy, a Leading Owner-Operator of Community Solar
Investment Services News

Apollo Funds Announce $175 Million Strategic Investment in Summit Ridge Energy, a Leading Owner-Operator of Community Solar

Fintech News Desk
by Fintech News Desk0
Investment builds on Apollo and Summit Ridge’s shared commitment to support the clean energy transition Apollo and Summit Ridge Energy, LLC announced  that funds managed by Apollo affiliates have agreed to make a $175 million strategic investment in Summit Ridge, a leading owner-operator of community solar assets. Latest Fintech News:......
City National Bank Expands Commercial Banking Operations on the East Coast
Banking News

City National Bank Expands Commercial Banking Operations on the East Coast

Fintech News Desk
by Fintech News Desk0
City National Bank has grown its Commercial Banking presence on the East Coast with the addition of nearly a dozen new bankers and now offers commercial, institutional, and nonprofit banking services throughout the region with an expanded focus on upstate New York, the mid-Atlantic and Southeast. Latest Fintech News: Celsius Network......
Daimler Truck Financial Services Partners With Zoot Enterprises, Inc.
Finance News

Daimler Truck Financial Services Partners With Zoot Enterprises, Inc.

Fintech News Desk
by Fintech News Desk0
Zoot Enterprises, Inc. provides leading commercial vehicle lender with decisioning technology. Zoot Enterprises, Inc. recently announced its partnership with Daimler Truck Financial Services USA LLC (DTFS), the captive financial services provider for Daimler Trucks North America (DTNA). The leading commercial vehicle manufacturer in North America, the DTNA vehicle portfolio includes Freightliner, Western Star,......
Citi Appointed as Depositary Bank for Ming Yang Smart Energy Group Limited GDR Program the Fifth Shanghai-London Stock Connect GDR Program
Banking News

Citi Appointed as Depositary Bank for Ming Yang Smart Energy Group Limited GDR Program the Fifth Shanghai-London Stock Connect GDR Program

Fintech News Desk
by Fintech News Desk0
Citi Issuer Services business, acting through Citibank, N.A., has been appointed by Ming Yang Smart Energy Group Limited (“Ming Yang”) – a leading wind turbine manufacturer in China – to act as Depositary Bank for its Global Depositary Receipt (“GDR”) program. Latest Fintech News: Aduro Advisors Announces Acquisition of VMS Fund......
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