FBH Corp. raises $11.5M in private equity funding

FBH Corp. and its fully owned subsidiary Moonstone Bank™, a robust financial platform to empower fast-growing innovative and disruptive sectors, today announced that it has raised $11.5 million in a private placement from an investment by Alameda Research Ventures. FBH Corp and Moonstone Bank have committed to making traditional financial systems work for innovative small to medium-sized enterprises (SMEs) who are underserved by the traditional financial industry. Moonstone Bank’s unique platform is designed to break down the...

Global Digital Banking Market to Reach $30.1 Billion by 2026

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Digital Banking – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. FACTS AT A GLANCEWhat’s New for 2022? Global competitiveness and key competitor percentage market shares Market presence across multiple geographies – Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to our...

CIBC Innovation Banking Provides $150 Million Debt Facility to VTS

CIBC Innovation Banking is pleased to announce the lead arrangement of a $150 million syndicated debt financing for New York-based VTS, a leading provider of commercial real estate software. VTS will use the capital to accelerate investments in its strategic product road map, M&A, and global market expansion. VTS’s leasing and asset management software offers landlords and brokers one place to track all of their leases, assets, and tenants through an easy-to-use, intuitive platform that...

Paysend Expands Money Transfer Services to Colombia with Movii

Paysend, the card-to-card pioneer and international payments platform, today announced the expansion of its cross-border money transfer services to Colombia with MOVii, a leading mobile wallet service in Colombia. Using global payments infrastructure company Terrapay, Paysend will enable U.S. and European customers to send money to their loved ones via MOVii mobile wallets and help banked and unbanked Colombians carry out financial transactions from their mobile phone, in real-time. Transferring money internationally can be challenging and time-consuming with...

EECU Members Gain Enhanced Banking Tools with NCR Software

When Fort Worth, Texas-based EECU sought to improve digital banking for its members, it partnered with NCR Corporation (NYSE: NCR), a global enterprise technology provider. EECU selected NCR ATM as a Service to manage and modernize its ATM fleet, complementing its existing NCR Digital Banking solutions. NCR’s as a Service solution allows the credit union to transfer complete operational management of its self-service channel, including compliance, security, solution support and management. The solution delivers extended ATM availability and uptime, quicker deployment of new...

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