CIBC Mellon

Cision PR Newswire | August 13, 2020

Blend, a leader in digital lending solutions, announced it has secured $75 million in Series F funding led by Canapi Ventures, a fintech-focused venture capital firm backed by major banks and financial institutions. This capital brings Blend's valuation to nearly $1.7 billion and will be used to accelerate the development of its unified digital platform for mortgages, consumer loans, and deposit accounts. Existing investors Temasek, General Atlantic, 8VC, Greylock, and Emergence also partici...

Arch Capital | July 15, 2020

Arch Capital Group is expecting somewhere between $205 million and $225 million in pre-tax catastrophe losses across its property casualty insurance and reinsurance segments for the second quarter. The approximation is net of reinsurance recoveries and reinstatement premiums, and spans a range of estimates for exposure to COVID-19 global pandemic claims as well as for losses related to civil unrest claims in the US and other catastrophic events in the period....

Core Banking, Fintech

Finastra | October 18, 2022

Finastra recently announced that The Belize Bank Limited, one of the largest banks in Belize, providing retail, corporate and commercial banking services, successfully migrated the business of Scotiabank (Belize) Limited onto the Fusion Essence core banking platform following an acquisition facilitated by its parent company, Caribbean Investments Holdings Limited (CIHL). After migrating its legacy core to Fusion Essence in 2017, Belize Bank has extended its collaboration with Finastra to bring S...

Payments, Fintech

PRnewswire | May 16, 2023

Netevia, a leading provider of payment processing solutions, is thrilled to announce its partnership with PaymentClub, a payment technology company that offers a range of innovative financial solutions. This partnership was made possible after Netevia hosted an after-party in April at the recent TRANSACT: Powered by ETA Conference, where industry professionals had the opportunity to connect and network. "Netevia is excited to partner with PaymentClub to provide our clients ...