Amir Arooni Joins Discover as Chief Information Officer

Amir Arooni, a global banking technology leader with 30 years of experience, has been named Discover’s new Chief Information Officer responsible for the company’s technology organization. He will join the company’s Executive Committee as an executive vice president April 2. Arooni, 55, currently is CIO for NN Group in the Netherlands, which was spun off by ING in 2014. At NN Group, he has led a digital technology transformation for the banking, insurance and asset-management...

TD Bank Announces Organizational Changes, Strengthening Consumer Product Business

Today TD Bank announced several key changes to its Consumer Product leadership team. Matt Boss, previously Head of Credit Cards and Unsecured Lending (CCUL) at TD, has been named Head of Consumer Products, overseeing the Bank’s Consumer Product portfolios. This includes Credit Cards and Unsecured Lending, Checking, Deposit, and Payment Products, Residential Lending and the Bank’s CRA efforts. In this role, Boss will prioritize enriching the customer experience, incorporating new technology, and driving growth across each...

Technisys to Empower Rellevate’s Break-Through Digital Banking, Wage Advance, and Payments Platform

Rellevate™, LLC, a digital banking fintech company aimed at facilitating consumers’ access and use of their money, has selected Technisys as its digital banking platform provider. Offered primarily via employers, Rellevate’s financial services include digital banking as its core umbrella product with access to payroll, bill pay, and money-sending capabilities linked to employee accounts. Rellevate recently announced an agreement with Visa. Visa DPS will be the system of record and back-end processing engine for the Rellevate Debit product. Technisys will complement the Visa DPS processing platform by adding the power...

Kurtosys Raises Funding From Vistara Capital to Accelerate Global Growth

Kurtosys, a leading digital experience platform (DXP) provider for financial service firms, announced today that it has secured growth capital from Vistara Capital Partners. This funding enables the company to accelerate its global growth initiatives and invest further in the automation and delivery of exceptional investor experiences. Kurtosys provides an end-to-end digital experience platform that empowers global financial services firms to easily create, manage, publish and optimize all their financial data, documents, websites and content in...

SVB Financial Group Board of Directors Declares Series A Preferred Stock Dividend

SVB Financial Group (“SVB”) (NASDAQ: SIVB) today announced that its Board of Directors declared a quarterly cash dividend of $9.625 per share on SVB’s 5.250% fixed-rate non-cumulative perpetual Series A Preferred Stock, liquidation amount $1,000 per share, which are represented by depositary shares (NASDAQ: SIVBP), each representing a 1/40th interest in a share of preferred stock. Holders of depositary shares will receive $0.240625 per depositary share. The dividend is payable on February 18, 2020 to...

Sentry Bank Selects CSI’s Core Services

St. Joseph, Minn.-based Sentry Bank ($223 million in assets) selected Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of financial technology solutions, as its new core processing partner and provider of digital banking solutions for customers. The full-service community bank implemented CSI’s NuPoint® core processing solution along with a suite of digital banking tools, including online banking, mobile banking and the SPIN P2P payments platform. Sentry Bank chose to partner with CSI in order to offer its customers products...

Kasasa Partners with Carleton for Configurable & Compliant Loan Calculations

Kasasa, LTD adds value to their award-winning financial technology and marketing services platform through its new partnership with Carleton, Inc. by integrating configurable and accurate insurance and debt protection calculations within its latest award-winning product, the Kasasa Loan®. The Kasasa Loan® is the only auto and personal loan that allows consumers to reduce debt by paying ahead, while maintaining access to those funds if needed. Using CarletonCalcs®, Kasasa’s community bank and credit union clients can easily...

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