FNWB Partners with Torpago, Spend Management Fintech

First Northwest Bancorp (FNWB) announced a strategic fintech partnership with Torpago, a rapidly growing corporate card and spend management platform. “When evaluating corporate card providers, Torpago impressed us with the ease-of-use and efficiency of its integrated spend management software. We are excited to support Torpago’s growth as a customer and an investor,” shared Matt Deines, CEO of FNWB and First Fed. The partnership will include an equity investment and line of credit to enable Torpago’s...

Cenlar Appoints New Chairman of the Board and Co-CEOs

Cenlar FSB, the nation’s leading mortgage loan subservicer and federally chartered wholesale bank, announced that Dave Applegate has been appointed Chairman of the Board of Directors. In addition, Executive Vice President and Chief Operating Officer Robert “Rob” Lux has been named co-CEO along with D. James “Jim” Daras, who will also serve as President. Dave, who has been a member of the board since 2020, has more than 30 years of experience in residential real...

HSBC Bank Canada Appoints New Chief Financial Officer

HSBC Bank Canada has appointed Daniel Hankinson Chief Financial Officer succeeding Gerhardt Samwell who left HSBC in July to pursue other opportunities. Dan is expected to start in the role in September 2022. Kevin Nichols, the Bank’s Vice President and Canada Head of Asset Liability and Capital Management is Acting CFO during this interim period. Dan joined HSBC in 2001 and has held senior roles across the Finance function in Asia and the UK, providing...

Wolters Kluwer’s OneSumX for Regulatory Reporting wins major award

Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) has won a major award from Risk.net, with its OneSumX for Regulatory Reporting solution being named Regulatory Reporting System of the Year in the publication’s annual Technology Awards. This marks an unprecedented fourth time in which OneSumX has won the accolade in the well-followed award series which celebrates excellence and innovation. The free to enter awards, which are widely regarded to be among the most prestigious accolades for financial technology, were decided by...

BankProv Joins Forces with Fortress Trust

BankProv (NASDAQ: PVBC), a future-ready commercial bank offering adaptive and technology-first banking solutions to emerging industries, announced today a new Banking-as-a-Service (BaaS) partnership with Fortress Trust, a Web3 infrastructure company, and Treasury Prime, a leading BaaS technology provider. Through this partnership, Fortress will launch its advanced NFT, crypto, fiat, and alt-asset infrastructure and custody services, with fiat services provided by BankProv. The Fortress platform will offer APIs where users can buy, sell, store, and gift NFTs and other assets in one...

Citadel Credit Union Launches Business Banking

With new checking, savings, and cash management solutions for businesses across the Greater Philadelphia region along with competitive commercial lending – Citadel Business Banking has officially launched; complete with new digital experience and a marketing campaign: "Better Business Banking Has Arrived"

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