Aquila broadens global fintech reach through acquisition of Cibar

Aquila today announced the acquisition of Cibar Inc. (“Cibar”), best-in-class banking software solution for the international trade finance industry. Founded in 1969 and headquartered in Colorado Springs, USA, Cibar has been a pioneer and specialized provider of trade finance applications with modules extending across Imports/Exports, Standby Letter of Credit, Guarantees, Cash Letters, Wire Transfers and more. Through its marquee products “GTSnet” trade finance system, “ICCnet” customer portal and “CASHnet” cash letter system, Cibar provides one...

Dave Appoints Chien-Liang Chou as New Chief Technology Officer

Dave Inc. (NASDAQ: DAVE, DAVEW), a banking app on a mission to build products that level the financial playing field, today announced that Chien-Liang Chou has been named Chief Technology Officer, effective immediately. Mr. Chou previously served as Executive Vice President of Engineering at Dave, a position he held since 2020. In this role, he led the engineering, data infrastructure, security and information technology teams, spearheading various data initiatives resulting in greater efficiencies and a better member experience. He...

Fortis Appoints Mark Olson as Chief Financial Officer

Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, today announced the appointment of Mark Olson to the position of Chief Financial Officer, effective immediately. Mr. Olson brings over 30 years of experience in banking, having served most recently as the Chief Financial Officer of Altabank (NASDAQ: ALTA) in American Fork, UT prior to its sale to Glacier Bancorp in late 2021. “I have had the pleasure of knowing Mark over the years and am thrilled...

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