Banking

The Present and Future of Proptech: Charting a Clearer Path in Murky Markets

Retrieved on: 
Tuesday, April 9, 2024
Banking, Technology, Professional Services, Data Analytics, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Technology, Software, Building Systems, Other Professional Services, Internet, Data Management, Finance, Fintech, Artificial Intelligence, Automation, ROI, VLY, Growth, General partnership, Pitch book, Bank, AI, Investment, Future, Corporation, Renewable energy

The report was developed in collaboration with Pitchbook, Chris Green, Founder and CEO of GreenPoint Partners and Zak Schwarzman, General Partner, MetaProp.

Key Points: 
  • The report was developed in collaboration with Pitchbook, Chris Green, Founder and CEO of GreenPoint Partners and Zak Schwarzman, General Partner, MetaProp.
  • The majority of 2023 industry-wide investment in Proptech - 70 percent - was in venture capital with 144 deals closed for a combined value of $2.9 billion.
  • This was a sharp decline from 2022 as the pace of deal making in Proptech was impacted by the general slowdown in most other asset classes.
  • “This decline can be attributed to a number of economic and geopolitical factors,” said Tom Iadanza, President, Valley Bank.

Customers Bank Onboards 10 Experienced Banking Teams and Accelerates Deposit Transformation; Builds Prominence on East, West Coasts

Retrieved on: 
Tuesday, April 9, 2024
Banking, Fintech, Professional Services, Finance, Customer, Growth, Customers Bancorp, Contact angle, Football, C&I, Federal Reserve, Federal Deposit Insurance Corporation, Contact, Bank

Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has onboarded 10 experienced commercial and business banking teams in New York, California and Nevada.

Key Points: 
  • Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has onboarded 10 experienced commercial and business banking teams in New York, California and Nevada.
  • With new talent, Customers Bank builds its prominence on East and West Coasts.
  • “At Customers Bank, we're intent on ensuring that our teams are fully supported to provide our clients with access to trusted and tested expertise,” said Customers Bank Executive Chairman Jay Sidhu.
  • Major accolades include:
    A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender.

Former Upstart Founding Executive, Jeff Keltner, Joins LawFi as Strategic Advisor

Retrieved on: 
Tuesday, April 9, 2024
Software, Banking, Mobile, Wireless, Professional Services, Fintech, Payments, Apps, Applications, Technology, Digital Cash Management, Digital Assets, Legal, Finance, Other Technology, Education, Risk, Knowledge, Lead, Artificial intelligence, IPO, Engineering, IBM, Global 2000, Stanford University, Private law, Computer, Google Workspace, UI, Computer engineering

LawFi, Inc., (“ LawFi ”) a pioneering Legal Fintech Lender and the Inventor of the “Legal Fee Loan” is pleased to announce the addition of Mr. Jeff Keltner to our growing team.

Key Points: 
  • LawFi, Inc., (“ LawFi ”) a pioneering Legal Fintech Lender and the Inventor of the “Legal Fee Loan” is pleased to announce the addition of Mr. Jeff Keltner to our growing team.
  • Mr. Keltner has signed on as an Advisor to help guide our highly experienced teams.
  • Jeff was a founding team member at Upstart where he led business development, strategic partnerships, and new initiatives from its founding through an eventual IPO and beyond.
  • He was a key executive at Upstart, helping to take Upstart from its launch to the prominent multi-billion public company it is today.

Global Insider Risk Report: Insiders Are Leaving the Door Open to Nation State Abuse

Retrieved on: 
Tuesday, April 9, 2024
Technology, Communications, Utilities, Public Policy, Government, Retail, Energy, Other Professional Services, Finance, Consulting, Banking, Accounting, Professional Services, Security, Other Manufacturing, Other Technology, Supply Chain Management, Software, Networks, Internet, Department Stores, Manufacturing, Data Management, Other Policy Issues, Public Relations, Investor Relations, Theft, I3, HR, Organization, PDF, Inside, Risk management, Risk, ATT&CK, Research, Artificial intelligence, MITRE, AI, Data compression, VPN, Aggregation, IP, Workforce, Public sector, Telecommunications, Pharma, Cisco Webex, Medical device

DTEX Systems , the global leader for insider risk management, today released its 2024 i3 Insider Risk Investigations Report – Foreign Interference: Special Edition .

Key Points: 
  • DTEX Systems , the global leader for insider risk management, today released its 2024 i3 Insider Risk Investigations Report – Foreign Interference: Special Edition .
  • The report also cautions about the rise of the “socially engineered insider”, as foreign state actors increasingly exert their influence and stealth to target, recruit, plant, and exploit insiders.
  • Sixty-eight percent of insider risk events were proactively resolved with follow-up security awareness training and corporate policy changes.
  • The 2024 report is based on more than 1,300 insider investigations conducted by the DTEX Insider Intelligence and Investigations (i3) team throughout 2023 within DTEX’s global customer base.

Seward & Kissel Formalizes Private Credit Practice

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Other Professional Services, Legal, Finance, Consulting, Banking, Private credit, Negotiation, Real estate, Investment management, Private equity, Bankruptcy, Capital market, Investment, Security guard, Corporation, Bank

Seward & Kissel LLP announced today that it has formalized its Private Credit group to handle its growing work within the rapidly expanding private credit asset class, now valued at $1.6 trillion.

Key Points: 
  • Seward & Kissel LLP announced today that it has formalized its Private Credit group to handle its growing work within the rapidly expanding private credit asset class, now valued at $1.6 trillion.
  • The firm’s unrivaled experience in forming private credit funds provides unique value for private credit lenders across the entire life cycle of direct-lending funds.
  • “We regularly execute private credit transactions across various industries from food delivery services to medical staffing,” said Seward & Kissel Corporate Finance partner Sophia Agathis .
  • “This group formalizes our commitment to the private credit space and concentrates our knowledge in one interdisciplinary group for the benefit of asset managers, borrowers, and others involved in private credit transactions.”
    The new practice will reside within Seward & Kissel’s Corporate Finance practice and draw on the firm’s experience in areas including Investment Management, Credit Funds, Business Transactions, Capital Markets and Corporate Securities, Private Equity, Real Estate, Corporate Restructuring and Bankruptcy, and Tax.

Planet Home Lending to Use FICO Score 10 T for Deeper Insights into Mortgage Origination and Servicing Credit Performance

Retrieved on: 
Tuesday, April 9, 2024
Software, Data Analytics, Finance, Banking, Data Management, Professional Services, Technology, Fintech, 2022–23 Feyenoord season, Capital market, Organization, Government, Growth, Mortgage assumption, Credit

Planet will also employ FICO Score 10 T to further enhance retention and recapture analysis.

Key Points: 
  • Planet will also employ FICO Score 10 T to further enhance retention and recapture analysis.
  • Lenders including Cardinal Financial , Primis Mortgage , Premier Lending and others have recently adopted the model for non-conforming mortgages.
  • FICO Score 10 T can help lenders better manage credit risk and lower default rates while extending competitive credit offers to consumers.
  • “Planet’s use of FICO Score 10 T affirms its position as a forward-looking industry leader,” said Joe Zeibert, vice president of Mortgage and Capital Markets at FICO.

Mastercard Incorporated to Host Conference Call on First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, April 9, 2024
Banking, Professional Services, Finance, News, Mastercard

On Wednesday, May 1, 2024, Mastercard Incorporated (NYSE: MA) will release its first quarter 2024 financial results.

Key Points: 
  • On Wednesday, May 1, 2024, Mastercard Incorporated (NYSE: MA) will release its first quarter 2024 financial results.
  • The company will host a conference call to discuss these results at 9:00 a.m. Eastern Time.
  • The financial results will be posted on the company’s website at investor.mastercard.com .
  • The company will issue an alert over a news wire when the earnings materials are publicly available, including a link to those documents.

P1FCU Leverages InMoment’s Cutting-Edge Advanced AI to Elevate Credit Union Member Experiences

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Technology, Finance, Software, Artificial Intelligence, Banking, ROI, Culture, NLP, CX, AI, Empowerment, Human voice, Credit union, Online shopping

1 Financial Credit Union (P1FCU) to implement a progressive credit union AI-based technology to elevate experiences across all facets of the business to foster member loyalty and satisfaction.

Key Points: 
  • 1 Financial Credit Union (P1FCU) to implement a progressive credit union AI-based technology to elevate experiences across all facets of the business to foster member loyalty and satisfaction.
  • Utilizing InMoment’s XI Platform, P1FCU can now pinpoint friction points across the member journey with a sophisticated solution that uses proprietary natural language processing (NLP) and AI technology .
  • As a result, P1FCU can provide more personalized experiences tailored to member preferences.
  • “P1FCU is committed to delivering experiences rooted in empowerment by linking arms with our members and communities as a trusted, lifelong financial partner,” expressed Vanessa Broemeling, VP, Member Experience, P1FCU.

Idaho Central Credit Union Selects Priority Financial Group to Elevate Wealth Services Department

Retrieved on: 
Tuesday, April 9, 2024
Finance, Consulting, Banking, Professional Services, Fintech, Philosophy, Partnership, Idaho Central Credit Union, Fidelity, PFG, ICCU, Priority, Financial adviser

Priority Financial Group (PFG) , a third-party registered investment advisor (TP-RIA) serving financial advisors and financial institutions, announced a strategic relationship with Idaho Central Credit Union (ICCU), a premier credit union in Idaho and Washington with approximately $10 billion in assets and more than 600,000 members.

Key Points: 
  • Priority Financial Group (PFG) , a third-party registered investment advisor (TP-RIA) serving financial advisors and financial institutions, announced a strategic relationship with Idaho Central Credit Union (ICCU), a premier credit union in Idaho and Washington with approximately $10 billion in assets and more than 600,000 members.
  • Aimed at broadening ICCU’s wealth management offering, the collaboration marks PFG’s inaugural partnership with a credit union in Idaho and the firm’s first credit union client with a Private Client Group.
  • “We love the cultural match in partnering with Priority Financial Group, and we’re excited to take our wealth management capabilities to the next level,” said Jeppsen.
  • Chris and his team represent the type of visionary credit union executives and quality financial advisors who truly care about placing their members’ best interests first.”

National Philanthropic Trust Names Linda K. Myers Chair of the Board of Trustees

Retrieved on: 
Tuesday, April 9, 2024
Finance, Consulting, Banking, Accounting, Professional Services, Philanthropy, Fund Raising, Other Philanthropy, Foundation, Chambers and Partners, Georgetown University Law Center, LCI, Gen, Audit, Woman, NPT, Inode, Trustee, National Philanthropic Trust, MRX, University, Lyric, Saint Ignatius College, Lyric Opera of Chicago, Compensation, Field, Chicago Shakespeare Theater, Retirement, Acquisition, Corporate governance, Kirkland & Ellis, Kirkland, Nursing

National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAFs), and one of the largest grantmaking organizations in the world, is pleased to announce Linda K. Myers has been named chair of NPT’s Board of Trustees.

Key Points: 
  • National Philanthropic Trust (NPT), the largest national, independent public charity that manages donor-advised funds (DAFs), and one of the largest grantmaking organizations in the world, is pleased to announce Linda K. Myers has been named chair of NPT’s Board of Trustees.
  • She has served as vice chair of NPT’s Board of Trustees and chair of the Compensation and Human Resources Committee.
  • “Linda’s extensive experience in law, business, and governance, along with her lifelong dedication to philanthropy, is an excellent foundation for her to be NPT’s board chair,” said Eileen Heisman, CEO of National Philanthropic Trust.
  • “Linda joined NPT’s Board of Trustees in the early days of the pandemic and quickly became a strategic voice on the board and in her committee leadership.