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General Electric Co | April 21, 2020
General Electric Co (GE.N) entered into a revolving credit agreement for $15 billion, according to a regulatory filing on Monday. The current agreement is set to mature on April 17, 2023 and refinances the company’s prior $20 billion revolving credit facility that was scheduled to mature in May 2021. The reduced loan size is a testimony to a changing bank landscape where companies seek to get better compensated for the risk they take to lend as volatility rattles the markets ...
Envestnet, Lumin Digital | April 15, 2021
Abe.ai, a pioneer in AI-powered virtual assistant products for financial institutions, and Lumin Digital (a PSCU company), a leading provider of online and mobile digital banking solutions, announced a multi-year collaboration today that will allow Lumin to deliver Abe's fully-integrated Virtual Financial Assistant (VFA) to its clients. Abe.ai's VFA will be introduced at Lumin's digital banking layer and incorporated in the authenticated, mobile, and online banking pla...
CORE BANKING
Temenos | October 11, 2021
Silicon Valley-based Mbanq, a Banking-as-a-Service (BaaS) provider and one of the world’s fastest growing FinTechs, today announced it has signed a strategic agreement with Temenos (SIX: TEMN), the open cloud banking company, to launch an innovative Credit-Union-as-a Service (CUaaS) offering, and to accelerate BaaS adoption across the US. CUaaS is offered by Mbanq’s Credit Union Service Organization (CUSO) and will be powered by The Temenos Banking Cloud. This solution...
INVESTMENT MANAGEMENT
AGM | December 29, 2021
AGM Group Holdings Inc., a technology-based company, is currently focusing on providing fintech software services along with providing high-performance hardware and computing equipment. It announces the distribution of 1,335 units of Bitcoin mining machines to Meten Holding Group Ltd. ("Meten"). Meten Holding Group Ltd. has been one of the leading omnichannel English language training ("ELT") service providers in China. The company has delivered English languag...
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