FINANCIAL MANAGEMENT

Aequum Capital Announces Financing Provided by Texas Capital Bank

Texas Capital Bank | November 09, 2022 | Read time : 02:00 min

Aequum Capital Announces Financing Provided by Texas Capital Bank
Aequum Capital recently closed a new $50 million revolving line of credit led by Texas Capital Bank.  This new financing will augment Aequum's significant equity base to support loan origination volume.  With the new credit facility, Aequum is well-positioned to execute on market opportunities and organic growth of its portfolio.

Aequum Capital is a tech-enabled, ESG-focused specialty finance lender that provides senior asset-backed and cash flow debt facilities to small and medium-sized businesses throughout the U.S. that range between $1MM and $10MM.

About Texas Capital Bank
Texas Capital Bank is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities.

Spotlight

A Utah-based fintech company, Atomic recently decided to partner with Galileo because of the customer overlap and because what they have built ties in nicely with what Galileo offers. Atomic's mission is to help the most financially vulnerable people in our society by enabling employment verification and direct deposit switch.


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FINANCIAL MANAGEMENT

WBI Announces Strategic Partnership with Pacer ETFs

WBI and Pacer ETFs | November 21, 2022

WBI, an invest-tech and fintech company, and Pacer a 9-time award winning exchange traded fund provider, today announced a strategic partnership to transform how financial advisors interact with clients to personalize and implement model portfolios. WBI is a 2-time award winning fintech platform offering investment technology that optimizes multi-manager portfolios that target loss or return. With inputs from the client and assistance from a financial advisor, the platform’s interactive toolkit establishes client benchmarks for loss and return. The imbedded invest-tech then optimizes a portfolio to meet the client’s targets. Financial advisors can instantly customize the portfolio(s) to position the client for success. Pacer is a 9-time award winning exchange traded fund provider that has been recognized for its client-focused philosophy. One of the industry’s leading firms in strategy-driven, rules-based ETFs, Pacer continues to seek innovative and timely ways to serve investor needs and adapt to market conditions. “WBI is excited to work with Pacer. Their rules-based ETF offerings seek to produce strong risk-adjusted returns which are favored by the platform’s optimization engine, This partnership allows both parties to build on the momentum around our innovative products and shared mission to help improve investor outcomes.” -Matt Schreiber, Co-CEO at WBI One of America’s leading investment technology firms, WBI invest-tech features a multi-manager machine optimization engine that builds portfolios that aim to target a specific level of loss while attempting to maximize return. The firm’s proprietary Capital Power RatioTM seeks to unleash capital compounding. Similarly, Pacer’s Cash Cow Series aims to generate capital appreciation by investing in companies with high-free-cash-flow yield that are trading at a discount. The firm has grown their AUM by $10.3 billion in the last 14 months. Bruce Kavanaugh, Head of Investments at Pacer Advisors, was just as excited about the newly formed partnership, commenting, This now allows Pacer to introduce cutting edge model solutions to advisors through an award winning technology leader. Besides promoting the targeted loss portfolios of WBI’s technology platform, WBI and Pacer will look for other opportunities to partner on model construction. About WBI Founded in 1984, WBI is a trailblazer of technology-driven, goals-based wealth management solutions. The firm is a pioneer of active cash-hedged separately managed account and ETF strategies. WBI’s award-winning digital wealth management platform combines financial planning concepts and distinguished innovations to portfolio optimization and construction. WBI is a leader in providing client solutions tailored to their personal benchmarks for loss and return. About Pacer ETFs Pacer ETFs is a strategy-driven exchange-traded fund provider with 45 ETFs and over $18.5 billion in assets under management, as of 11/14/22. Pacer ETFs is focused on addressing investors’ needs through its six fund families, the Pacer Trendpilot® Series, Pacer Cash Cows Index® Series, Pacer Custom ETF Series, Pacer Thematic ETF Series, Pacer Factor ETF Series and Pacer Swan SOS ETF Series. Pacer ETFs employs a rules-based, passive management approach to track S&P, NASDAQ, FTSE Russell, and Custom Indexes.

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CORE BANKING, FINTECH

Simpler Payments. On the Go. Regions Bank Launches Business Travel Solution for Corporate Banking Clients

Regions Financial Corporation | December 06, 2022

Regions Bank on Monday announced the launch of a virtual commercial card solution to facilitate quick, easy and on-the-go business travel payments for the bank’s Treasury Management clients. Visa Commercial Pay, offered in collaboration with Visa, the world’s leader in digital payments, and Regions Commercial Card Services, is the latest in a series of enhancements Regions offers its business clients to better manage cash flow and streamline operations. Specifically, this solution enables businesses using a travel management vendor to centrally manage reservations such as air travel, hotel, rail and car rental. It creates a seamless integration option for the reservation process and can deliver enhanced data on employee travel, full spend visibility for all company travel, and automated expense reconciliation through unique virtual card numbers. Additionally, the solution allows business travelers to view all reservations in one place, along with real-time updates on trip expenses, all within the Visa Commercial Pay app. “Speed, convenience and ease-of-use are more important than ever, and Regions Bank takes a forward-looking approach toward connecting business clients with services that make managing money simpler and more intuitive, The more we can make payments, cash flow and operations easier for our Treasury Management clients, the more time they can spend focusing on the core of their business and helping their companies succeed. Business travel is one area that can be particularly time consuming in terms of managing expenses and tracking charges. The Visa Commercial Pay Travel solution aims to fix that.” -David LaPaglia, commercial card product and operations manager for Regions Bank Recently, Regions launched another digital solution enabling Corporate Banking clients to send real-time payments through the RTP® network from The Clearing House. The new real-time payments service is part of Regions’ iTreasury platform, which offers a wide range of competitive financial management options for businesses through the bank’s Treasury Management division. Further enhancements are planned, including an expansion of Visa Commercial Pay options beyond business travel support. In addition, Regions plans to launch Regions CashFlowIQSM in 2023. This new tool is being designed to improve cash flow for clients by providing seamless accounts payable, accounts receivable, invoicing, and business bill payment capabilities for small- and mid-sized businesses. Regions consistently looks for ways to meet the emerging needs of business clients and provide options that help them simplify operations and focus more on revenue-producing activities, We are committed to being an important resource, and our team is proud to now offer Visa Commercial Pay Travel while creating more enhancements to launch soon,said Bryan Ford, head of Treasury Management for Regions Bank. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $158 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,300 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC.

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FINANCIAL MANAGEMENT, FINTECH

Choise.com Joins FinTech Alliance Community to Further Industry Growth

FinTech Alliance | December 01, 2022

The crypto firm Choise.com is excited to announce it is now a member of FinTech Alliance, a government-backed digital ecosystem for the UK FinTech community. With Choise.com's deep involvement in the fintech market, the company will share its expertise during events and help the industry flourish. The company has been on the market for over five years and has a strong expert team of over 160 people. Working with over 750,000 registered users and 50+ business partners, the team has plenty of experience and expertise that it is happy to share with fellow members of the fintech market. Choise.com allows investors to easily find a one-stop shop for everything related to the cryptocurrency industry. Its simple-to-use ecosystem allows users to easily earn on digital assets by integrating various features from centralised and decentralised finance markets into one platform. One of the main developments of Choise.com is the Charism platform – a core component of the company's infrastructure that bridges the two fields. Developed in-house, the platform allows users to perform various tasks related to financial transactions and make informed decisions about gaining possible income on promising crypto products. This enables people to earn on crypto assets in a more straightforward and comprehensive manner. Meanwhile, FinTech Alliance, in collaboration with the UK government, is working to bring the global financial industry together to explore, engage, and do business. The engagement platform was created in 2019 with the purpose of promoting the growth of FinTech companies and providing networking opportunities. It also brings together all the necessary resources and information to help businesses succeed. "By joining this community Choise.com aims to increase its brand awareness, communicate with the market giants, network with possible investors, conduct webinars and participate in industry-relevant events. All these activities will allow Choise.com to share its innovations with the community and play an important role in boosting the development of FinTech both in the UK and worldwide. FinTech Alliance is a prominent community and it is truly dedicated to fostering the growth of this sector. We are delighted to become a part of this inclusive community and are looking forward to sharing our team's expertise with the community and fellow fintech leaders," – Austin Kimm, Director of Strategy & Investment at Choise.com

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FINANCIAL MANAGEMENT, FINTECH

SUNRATE announces strategic partnership with Agoda

SUNRATE | November 28, 2022

FinTech company SUNRATE, the global payment and treasury management platform announced that it has entered into a partnership with Agoda. SUNRATE will be integrating its online travel solution with the global digital travel platform. Beyond virtual cards issuance The partnership is announced one month after ITB Asia 2022, where SUNRATE shared with travel stakeholders on how its holistic online travel solution, comprising of virtual cards issuance is revolutionising travel payments. For example, any online travel agency can easily set spend limits, define usage, and choose the vendor using a virtual card. This gives its travel partners entire control over how spending are allocated and tracked. One major feature of virtual cards is security. Technology, such as application programming interfaces (APIs) has eliminated the possibility of card information being abused when given, by providing a limited window of use for a single card. SUNRATE is certified to the international financial data security standard: Payment Card Industry Data Security Standard (PCI DSS) Level 1. "At SUNRATE, we are committed to constantly innovate our offerings, so that ultimately, we can be the one-stop B2B partner for the travel industry, by solving different business needs for our travel partners and customers. We look forward to working with even more partners from the travel industry and beyond," - Shawn Qin, Head of Card Business, SUNRATE About SUNRATE SUNRATE is the intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, we are recognised as the leading provider of cutting-edge payment and treasury management solutions. We have enabled companies in 130+ countries with our proprietary platform, extensive network, comprehensive product suits, and robust APIs to scale local and global growth. With offices in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta, and London, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered Bank, Visa, and Mastercard. We are licensed and regulated by the Financial Conduct Authority of the UK, the Bank Indonesia, the Hong Kong Customs as a Money Service Operator, and the Monetary Authority of Singapore as a Major Payment Institution.

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Spotlight

A Utah-based fintech company, Atomic recently decided to partner with Galileo because of the customer overlap and because what they have built ties in nicely with what Galileo offers. Atomic's mission is to help the most financially vulnerable people in our society by enabling employment verification and direct deposit switch.

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