SunTrust adds new music industry chief as entertainment banking competition heats up

SunTrust | September 14, 2016

Ashleigh Overly is the new managing director of Atlanta-based SunTrust Bank’s sports and entertainment group, taking over the position originally started by the highly regarded Brian Williams in 2006

Spotlight

From cyber attacks to stock drops to hurricanes, the risks that face today's businesses can seem overwhelming. At AIG Financial Lines, we combine our underwriting, legal, claims, and analytics resources to help reduce risks for our clients' businesses and empower them to grow. We're a proactive partner who brings our deep experience, insight, and relationships in the financial lines business to support our clients. What that means to our clients is a better product, a better claims handling experience, and more powerful business results.

Spotlight

From cyber attacks to stock drops to hurricanes, the risks that face today's businesses can seem overwhelming. At AIG Financial Lines, we combine our underwriting, legal, claims, and analytics resources to help reduce risks for our clients' businesses and empower them to grow. We're a proactive partner who brings our deep experience, insight, and relationships in the financial lines business to support our clients. What that means to our clients is a better product, a better claims handling experience, and more powerful business results.

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FINTECH

Aquila broadens global fintech reach through acquisition of Cibar

Aquila | September 12, 2022

Aquila today announced the acquisition of Cibar Inc. (Cibar), best-in-class banking software solution for the international trade finance industry. Founded in 1969 and headquartered in Colorado Springs, USA, Cibar has been a pioneer and specialized provider of trade finance applications with modules extending across Imports/Exports, Standby Letter of Credit, Guarantees, Cash Letters, Wire Transfers and more. Through its marquee products “GTSnet” trade finance system, “ICCnet” customer portal and “CASHnet” cash letter system, Cibar provides one of the most comprehensive back-office solution that meets the needs of large and middle-market trade finance banks and their clients. “We’re grateful for this union with Cibar, Aquila is delighted to uphold and accelerate Cibar’s long-standing mission. Cibar has an incredibly customer-focused team and a wonderful brand in the trade finance marketplace. They are an important addition to Aquila’s group of independent fintech businesses.” -Daniel Lee, CEO of Aquila Nick Mayer, President of Cibar said, Cibar is very excited to join the Aquila team. In our 53 years in business we never really considered selling the company until we were introduced to Daniel Lee and his team at Aquila. As we went through a detailed due diligence process, it became apparent that Aquila's vision aligned with Cibar's. We feel this will be a great partnership for our employees and customers moving forward. Cibar will continue to support its customers and partners as an autonomous business unit of Aquila. About Cibar Cibar is a software development company located in Colorado Springs, USA. Started in 1969 by Tom Lawhorn, John Zimmermann and Loren Shannon, integrity, hard work and commitment to our customers are the values Cibar prides itself on daily. Cibar has a broad range of experience in developing software applications for international banking customers, including; Commercial and Standby Letters of Credit, Bankers' Acceptances, Documentary Collections, Foreign Loans, Cash Letters, International Wires, Imaging, OFAC and AML checking. About Aquila Aquila backs category leaders across software. With global institutional reach throughout media, finance, government, real estate and education, Aquila exists to help software operators build lasting companies through permanent capital. Aquila is a division within Vela Software, and a wholly owned subsidiary of Constellation Software Inc.

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FINTECH

CSI Partners with Bankers Helping Bankers to Support Community Banks with Innovative Fintech Solutions and Collaboration

Computer Services, FedFis, IBAT | July 28, 2022

Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of end-to-end fintech and regtech solutions, has partnered with Bankers Helping Bankers to further the organization’s mission of empowering community banks. Established by FedFis and the Independent Bankers Association of Texas (IBAT) in late 2021, Bankers Helping Bankers connects bankers nationwide so that they can identify solutions that drive earnings and diversify sources of income. Its mission is to elevate and unite community banks across the United States to compete with large, entrenched financial institutions. “Community banks are the backbone of our economy and invaluable partners with their local communities,” said IBAT President and CEO Christopher Williston. “Community banks are the backbone of our economy and invaluable partners with their local communities,” said IBAT President and CEO Christopher Williston. “Bankers Helping Bankers extends that spirit of collaboration by coordinating and sharing innovative products and strategies for success. Together, community banks can more confidently face the threat of global institutions and new competitors.” In just six short months, Bankers Helping Bankers has built an extensive network, and most of the nation’s state associations have joined the movement. CSI works with Bankers Helping Bankers to build digital banking strategies that community bankers need to adapt and compete. “CSI is the fourth largest core processor in the U.S., and when offered a chance to help community banks, CSI immediately said yes,” said Dave Mayo, CEO of FedFis and Founder of Bankers Helping Bankers. Bankers Helping Bankers is continuing to grow in both size and scope. We believe bankers can make the right decisions and thrive if they have the right information and access to experts. CSI is determined that community bankers will continue to have that access, at no cost to the banker, with their support of Bankers Helping Bankers.” “At CSI, we have always been dedicated to helping community banks expand their offerings and grow the markets they serve, and this partnership represents another significant step toward that goal,” said Giovanni Mastronardi, group president, CSI Enterprise Banking. “Bankers Helping Bankers goes beyond promoting technology solutions. It brings together industry professionals to participate in lively, thoughtful discussions about how community banks can grow their business. We are thrilled to work hand-in-hand with Bankers Helping Bankers and ensure community banks thrive in today’s banking environment.” About Computer Services, Inc. Computer Services, Inc. (CSI) delivers core processing, digital banking, managed cybersecurity, cybersecurity compliance, payments processing, document delivery, and regulatory compliance solutions to financial institutions and corporate customers, both foreign and domestic. Management believes exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the Company’s inclusion in such top industry-wide rankings as IDC Financial Insights FinTech 100, Talkin’ Cloud 100 and MSPMentor Top 501 Global Managed Service Providers lists. CSI has also been recognized by Aite Group, a leading industry research firm, as providing the “best user experience” in its AIM Evaluation: The Leading Providers of U.S. Core Banking Systems. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information, visit csiweb.com. About FedFis FedFis provides financial institutions fintech data analytics and a strategy system that tracks Financial, M&A, and Vendor data (including technology vendors) on every bank and credit union in the United States. FedFis is committed to "truth in banking", by helping community bankers understand which products and services will best pair with their existing technology to drive the strategic outcomes for which they strive. They are first and foremost, a family business of precisionists. Fifth-generation bankers and technology experts with incredible depth and passion for the banking industry. For more information visit, www.fedfis.com. About IBAT Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation, with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texas, IBAT member bank assets range in size from $27 million to $39 billion with combined assets statewide of nearly $256 billion. IBAT member banks are committed to supporting and investing in their local communities. For more information visit, ibat.org.

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FINTECH

Airwallex Secures Place in The Fintech Power 50 2022 Cohort

Airwallex | July 16, 2022

The Fintech Power 50, a list of the 40 most innovative companies and 10 visionary personalities shaping the financial services industry, has been revealed for 2022. The exclusive annual program acts as a hub for driving change and creativity in the financial services industry, helping the sector innovate and grow. After more than 1,200 companies were nominated and over 18,000 votes cast, this year’s chosen 50 were revealed live on stage at Fintech Week London – the city’s biggest tech and finance event – on Monday 11 July 2022. Announcing the final list, Mark Walker, co-founder and chief operating officer of The Fintech Power 50, said: “The Fintech Power 50 annual list acts as a much-needed reminder of all the great things we are achieving in the world of financial technology, and shines a spotlight on those who are transforming financial services for the better. Announcing the final list, Mark Walker, co-founder and chief operating officer of The Fintech Power 50, said: “The Fintech Power 50 annual list acts as a much-needed reminder of all the great things we are achieving in the world of financial technology, and shines a spotlight on those who are transforming financial services for the better. “It’s fantastic to be here at Fintech Week London to announce this year’s fabulous 50. Our prestigious guide continues to go from strength to strength with a record number of nominations and votes for fintechs based across the globe.” The Fintech Power 50 2022 The Fintech Power 50 includes some of the most inspirational, thought-provoking and thoroughly knowledgeable people in the global financial services industry, including: Dr Leda Glyptis, chief client officer, 10x Future Technologies Ghela Boskovich, a leading expert on banking regulatory and innovation matters Ron Shevlin, chief research officer at Cornerstone Advisors Chris Skinner, a renowned independent commentator on the financial markets Trailblazing companies on this year’s list – the movers and shakers who are really making a difference to our industry – include: Airwallex – a leading financial technology platform for modern businesses Trulioo – a leading global identity verification service Weavr – a provider of plug-and-play financial services Moneyhub – a data and payments fintech that provides open finance solutions SmartStream – a leading company in financial transaction management solutions “As a leading global fintech player, we are excited to be recognised on the Fintech Power 50 list,” said Jack Zhang, Co-founder and CEO of Airwallex. “At a time where many businesses are recovering from the pandemic, our payments and banking infrastructure allows us to be flexible, enabling us to support the bespoke needs for millions of businesses globally. We look forward to continuing to empower businesses of all sizes to grow beyond borders.” “As a leading global fintech player, we are excited to be recognised on the Fintech Power 50 list,” said Jack Zhang, Co-founder and CEO of Airwallex. To see the complete list of companies included in this year's cohort, visit www.thepower50.com. About Airwallex Airwallex is the leading financial technology platform for modern businesses growing beyond borders. With one of the world’s most powerful payments and banking infrastructure, our technology empowers businesses of all sizes to accept payments, move money globally, and simplify their financial operations in a single platform. Established in 2015 in Melbourne, our purpose is to connect entrepreneurs, business builders, makers and creators with opportunities in every corner of the world. Today, Airwallex has a global footprint across Asia-Pacific, Europe, and North America. Find out more at www.airwallex.com/uk.

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