Oberon Securities, LLC

Reuters | March 30, 2020

U.S. energy producers face the threat that banks will slash their credit as March’s crash in oil prices means the asset backing their main loan facility - crude reserves - is worth less than half of what it was a month ago. The oil price collapse has crushed U.S. energy companies, sending valuations spiralling and squeezing financing options, as they face a likely 20% drop in worldwide oil demand in coming quarters due to the coronavirus pandemic. U.S. crude prices have dropped to about $2...

Fintech

Broadridge | September 07, 2022

Broadridge Financial Solutions, Inc., a global Fintech leader, today announced that it is supporting German banking and securities services provider, DekaBank, with its market-leading solutions for the updated Shareholder Rights Directive (SRD II). DekaBank has gone live with Broadridge's Global Proxy Voting and Shareholder Disclosure Hub solutions. This provides support for its institutional client base across Europe, through DekaBank's network of German savings banks and...

Core Banking, Payments

Finastra and Mechanics Cooperative Bank | December 21, 2022

Finastra today announced that Mechanics Cooperative Bank, a Massachusetts-based financial institution with more than $645 million in assets, has selected Finastra Payments To Go to introduce new business payments services and enhance the customer experience. The multi-rail payments hub empowers Mechanics Cooperative Bank to leverage the strength of the cloud, providing the tools needed to introduce Real-Time Payments services (RTP) through the Clearing House (TCH) and to quickly join the FedNow ...

Financial Management, Investment Management

PR Newswire | August 21, 2023

Musoni System is excited to announce partnership with Brankas, a leading open finance technology company. Brankas is integrated with over 100 enterprise partners including banks and fintechs to facilitate instant account-to-account payments, bank account opening, and secure retrieval of financial data. The synergy between Musoni's core banking system and Brankas' integration network marks a transformative leap in financial innovation. By seamlessly incorporating loan man...