Banking - FinTecBuzz

First Citizens Middle Market Banking Provides Up to $50 Mn

May 5, 20223 min

First Citizens Bank today announced that its Middle Market Banking business provided up to $50 million as a senior secured line of credit to an affiliate of Morningstar Properties, a leading investor in and operator of self-storage facilities. The line of credit is structured as a $35 million revolving line of credit with a $15 million accordion feature expanding the total available financing up to $50 million. Proceeds from the financing will be used for growth opportunities and general working capital purposes....

by PRNewswire

Banking

FNB Names Jennifer Reel Chief Communications Officer

May 4, 20223 min

F.N.B. Corporation (NYSE: FNB) and its banking subsidiary, First National Bank, announced that Jennifer M. Reel has been named Chief Communications Officer. Reporting directly to Chairman, President and Chief Executive Officer Vincent J. Delie, Jr., Reel is responsible for ensuring that FNB clearly communicates its strategic vision, roadmap and messaging across all its constituents. In addition to advising leaders throughout the Company, Reel oversees internal, external, executive, crisis, and key employee and customer communications as well as media and...

by PRNewswire

Payments

Everyware® Partners with MX

May 4, 20225 min

Everyware, a leading contactless payments and customer engagement solutions company, announces the expansion of its Pay By Text options by offering real-time payments (RTP) and its open banking approach to financial data. The RTP and open banking experience, along with security enhancements, are made possible through Everyware’s partnership with MX, the leader in Open Finance. Combining an open banking approach with RTP modernizes the customer relationship and enables better digital access to financial services and data....

by PRNewswire

Banking

Blue Ridge Bank Expands Middle Market Banking Effort

May 3, 20229 min

Blue Ridge Bank, N.A. (the “Bank”), the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), today announced the establishment of its middle market banking division. This effort entails the buildout of commercial banking teams in attractive MSA’s in the Mid Atlantic and Southeast. The division is led by C. Douglass Riddle, Executive Vice President, Managing Director of Corporate and Middle Market Banking, who is a member of the Bank’s leadership team and based in...

by PRNewswire

Banking

Varo Bank Welcomes Spencer Rascoff to Board of Directors

April 29, 20225 min

Varo Bank, N.A., the first all-digital, nationally chartered bank in the U.S., today announced the appointment of Spencer Rascoff, Co-Founder and former CEO of Zillow to Varo’s Board of Directors. Rascoff joins Varo’s Board to continue to scale Varo, a one of a kind bank, built from the ground up, designed specifically for the needs of the digital era. Rascoff is a seasoned entrepreneur, company leader, and active angel investor in over 100 companies. He is...

by FTB News Desk

In-House Features

A guide for Digital banking methods

April 29, 20227 min

Ease, convenience, and accuracy are the three pillars of digital banking. But how do they support the Fintech space?

by PRNewswire

Platforms

SSSHI Invests in Digital Prime Technologies

April 28, 20224 min

South Street Securities Holdings, Inc. (“SSSHI”) is partnering with Digital Prime Technologies (“Digital Prime”), an innovative provider of turnkey, prime brokerage solutions for financial institutions. Digital Prime’s platform for digital assets provides traditional securities-based prime brokers a technology solution to offer their clients the ability to execute, leverage, and finance digital asset trading strategies in one platform. This will allow SSSHI to expand into the digital asset trading and lending space efficiently with institutional clients....

by PRNewswire

Banking

Finastra extends collaboration with Orange Bank

April 28, 20224 min

Bank will accelerate its cloud strategy with Finastra’s Fusion KTP in the cloud, enabling faster access to innovation and a proactive approach to global treasury management Finastra announced today that Orange Bank in France has selected Finastra’s corporate treasury management solution, Fusion KTP in the cloud. The move will enable the bank to harness a fully integrated treasury management platform and gain faster access to innovation and time to market. Launched in France in November 2017, then in Spain in November 2019, Orange Bank...

by PRNewswire

Banking

CIT Wins 2022 FinTech Breakthrough Award

April 28, 20225 min

CIT, a division of First Citizens Bank, today announced its Community Association Banking group has been selected as winner of the “Best B2B Payments Platform” award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. The recognition was awarded by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today. C-PropertyPay is a simple and secure payment system that enables residents and association members pay their dues, rent...

by FTB News Desk

In-House Features

Your guide to Investment Management

April 28, 20229 min

Investments have an important place in finance. This article will give you a glimpse of investment management companies and their area of expertise for the markets.

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