Private Credit: Khoros’ Default Risks Spread Across the Sector
On August 9, KBRA DLD, a division of KBRA Analytics, added Khoros, LLC (formerly Lithium Technologies, LLC) to its Default Radar Red List. This move followed a significant markdown by Goldman Sachs BDC, which reduced its fair value mark on…
Merchants & Marine Bancorp Names Paige Oliver as New Brand President and CEO
Clayton Legear, President & CEO of Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), has announced Paige Oliver as the new Brand President & CEO of Merchants & Marine Bank. Oliver, who previously led the Bank of Oak Ridge in Oak…
Bernstein Litowitz and Former SEC Commissioner Launch Task Force to Protect Brokerage Customers
In response to recent revelations about artificially low interest rates paid by cash sweep programs at major financial institutions, Bernstein Litowitz Berger & Grossmann LLP (BLB&G) has launched a new Cash Sweep Task Force. This initiative aims to advocate for…
Cumula 3 Teams Up with Paystand for Fast, Fee-Free Cloud and Payment Solutions
Cumula 3, a leading provider of cloud-based solutions for NetSuite, has announced a strategic partnership with Paystand, a leader in next-generation B2B payment solutions. This collaboration will integrate Paystand’s advanced payment platform into Cumula 3’s suite of NetSuite services, offering…
Oliver Rajic Joins Chargebacks911’s Board to Drive High Growth in APAC
Chargebacks911, a leading chargeback technology platform, has announced the appointment of Oliver Rajic, a prominent payments industry entrepreneur, to its Board of Directors. Rajic will act as a crucial advisor to Chargebacks911 and its CEO, Monica Eaton, supporting the company’s…
UK BNPL Market to Grow 15% to $34.28B in 2024; Investment Opportunities to 2029
The report titled “United Kingdom Buy Now Pay Later Business and Investment Opportunities Databook – Q1 2024 Update” has been added to ResearchAndMarkets.com’s collection. It reveals that BNPL payments in the UK are expected to grow by 15.0% annually, reaching…
Affinity Plus Launches Real-Time Payments for Instant Fund Access
Affinity Plus Federal Credit Union has introduced a new real-time payment service through the FedNow® and RTP networks, allowing members to receive instant payments securely from various financial institutions and service providers across the U.S. This new service is particularly…
MultiBank Group Reports Record Revenue and Exceptional Profit Growth in 2023
MultiBank Group, one of the world’s largest financial derivatives institutions based in Dubai, has announced its most successful financial year to date, with a record-breaking revenue of $306,636,717 in 2023. According to the latest audited financial statements, MultiBank Group achieved…
Checkbook Expands Digital Check Features to Transform Business Payments
Checkbook, a leading provider of payment solutions, has expanded its operations to streamline check and payment processes for various business sectors across the U.S. This enhancement aims to revolutionize how businesses manage their payments, focusing on efficiency and reliability. The…
American Community Investor Introduces American Community Lending
American Community Investor, an investment holding company dedicated to building and improving communities, is thrilled to announce the launch of American Community Lending. This new venture rebrands Caz Creek Lending, reinforcing its leadership in asset-based lending and solidifying its commitment…
Citi Backs AIIB’s First Digital Native Note Issuance
Citi played a key role in the issuance of the Asian Infrastructure Investment Bank (AIIB)’s first digitally native note (DNN), serving as both the dealer and the issuing and paying agent. This issuance, conducted on Euroclear’s Digital Financial Market Infrastructure…
CIBC Unveils Custom AI Platform and Introduces GitHub Copilot
CIBC has announced the launch of two new AI-driven tools: CIBC AI for its team members and GitHub Copilot for its developer community, aimed at enhancing productivity and aligning with the bank’s client-centric strategy. CIBC AI is a state-of-the-art Generative…