Mobile Banking

Customers Bank Announces the Launch of a New Loan Syndications Banking Team

Customers Bank Announces the Launch of a New Loan

On February 16, 2023, a digital and fintech-forward super-community bank, and the bank subsidiary of Customers Bancorp, Inc. Customer Bank, announced the launch of a new Loan Syndications Banking Team. The launch further expands the bank’s leading services for lead deals and marker businesses to help existing and future national lines of business of the banks.

The primary focus of the Loan Syndications Banking Team would be on clients in the commercial real estate, fund finance, healthcare, venture technology and financial institution sectors as well as middle market businesses who serve the administrative agent or joint lead arranger. In addition, the team provides loan syndication process management and customized syndication banking solutions to clients.

With his 12 years of expertise in larger institutional debt loans and syndication to the bank, Kyle Silberman has been hired as a Managing Director and Head of Loan Syndications. Silberman was previously the head of syndications at Amerant Bank and held senior-level positions in the syndications departments of CIBC US and Fifth Third Bank.

Over the coming quarters, Silberman will focus on the middle market client and team expansion. The banking team offers clients access to capital for acquisitions, expansions and growth, dividend recapitalization, leveraged and management buyouts, private equity/financial sponsors, second lien/last out term loan financing, and growth capex.

 

About Customers Bank

A primary subsidiary of Customers Bancorp, Inc., Customers Bank is one of the top-performing banking companies in the US, with assets of more than $20 billion. Customers Bank offers both commercial and consumer clients a full suite of technology-enabled product experiences. It is a pioneer bank in providing Banking-as-a-Service and digital banking products. It is also one of the only banks to offer a blockchain-based digital payment solution that works 24 hours, 365 days. Additionally, it provides traditional lines like commercial real estate lending, C&I lending, and multi-family lending, as well as a number of national corporate banking services for Fund Finance, Financial Institutions, Technology and Venture, and Healthcare clients.

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Fintech

VoPay Unveils Instant Micro-Transaction Service for Bank Account Verification, Marking a First in Canada and the US

VoPay | January 11, 2024

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Payments

Plooto Launches Enhanced All-In-One Payment Automation Solution for Scaling Businesses

Plooto | January 16, 2024

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Investment Management

AffiniPay Launches AffiniPay IQ, Generative AI for Legal Tech Industry

AffiniPay | January 24, 2024

AffiniPay, the leader in online payments and software solutions for professionals, announced the launch of generative AI embedded in its leading legal technology products, MyCase, CASEpeer, LawPay, and Docketwise. “At AffiniPay, we believe generative AI can drive the type of efficiencies and insights that will result in better outcomes for our customers and their clients,” said Dru Armstrong, Chief Executive Officer of AffiniPay, parent company of MyCase, CASEpeer, LawPay, and Docketwise. “As a trusted technology partner, we have big plans to empower our customers with AI, and are excited to announce the launch of AffiniPay IQ.” According to the newly released 2024 LawPay and MyCase Legal Industry Report, productivity is a key driver for generative AI investment, with 75% of law firms citing it as the top reason for their interest in AI. To meet this demand, AffiniPay is investing in generative AI and plans to roll out new solutions in a phased manner across the legal product suite. Starting with a MyCase beta, AffiniPay plans to extend various AI solutions to CASEpeer, LawPay, and Docketwise in the coming months. The company’s vision is that customers will be able to utilize AI-powered conversational interface that will enable users to access their data and generate insights using natural language, directly within the interface. These future features will include Case and firm search: Attorneys and staff can quickly get answers to their questions around a specific case or client, saving time in their day Intelligent insights: Law firms can receive customized recommendations to optimize intake, productivity, cash flow, and more Automation: Firms can create workflows, send payments, and open files - all by interacting with the platforms in a conversational way, just like they would with a trusted assistant The first beta release of AffiniPay IQ features include document summarization and text editing, both of which will be woven seamlessly into the suite of AffiniPay’s legal products. Starting with MyCase and CASEpeer, the following AI features will be built into daily workflows Document summarization: Empowers law firms to review case documents quickly using AI-generated summaries of their contents Text editing: AI-powered text editing embedded into the product to allow style updating, tone changes, and summarization “We are committed to our responsible approach to innovation, and are excited to launch generative AI functionality into our software that serves our customers and their needs, and no one else,” said Bryan Thompson, Chief Technology Officer of AffiniPay. “This is the first of many thoughtful generative AI features that our team will be weaving into our product suite over the coming months.” The second release of AffiniPay IQ features will include Communication drafts: Attorneys and staff can quickly generate first drafts of client communications or invoice reminders Translations: Users can translate text into different languages instantly Task & event generation: Law firms can select and analyze text in notes, documents, or emails, and receive suggestions for tasks or events, saving time at every step Data population: Docketwise-specific AI feature that instantly extracts key information from copies of passports, drivers’ licenses, and birth certificates, to automatically populate immigration SmartForms AffiniPay invites legal professionals to experience AffiniPay IQ from Jan. 29 - Feb. 2, during Legalweek in New York, where both LawPay and MyCase are sponsors. About AffiniPay AffiniPay is a market leader in practice management software and online payments for professionals serving legal, accounting, architectural, engineering, and construction firms. AffiniPay has been recognized as one of Inc. 5000’s fastest-growing companies for 12 years in a row. Each of its brands leads the market it serves with solutions purpose-built by industry including LawPay, MyCase, CASEpeer, Docketwise, CPACharge, and AffiniPay for Associations. AffiniPay’s solutions are trusted by more than 245,000 legal & accounting professionals with more than 150 strategic partnerships and endorsements, including the American Bar Association and the American Institute of Certified Public Accountants.

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Financial Management

Finix Launches Payouts: A Standalone Solution for Fast and Secure Money Movement

Finix | January 10, 2024

Finix, the payments technology provider enabling businesses to accept and send payments online or in-person, announced the launch of Payouts, its latest standalone product line. Payouts enables businesses across all industries to efficiently send money at scale, regardless of whether they utilize the broader Finix payments platform. Businesses often encounter challenges when they need to disburse funds due to siloed payment flows and needing to manage multiple vendor relationships to send and receive payments through various payment methods. In addition, businesses can be delayed waiting for bank approvals and integration resources. Now, Finix Payouts enables fast and reliable money movement–to one or many recipients at once–via a single developer-friendly API. Payouts has many use cases such as business-to-business (B2B) account payables, gig economy wages, insurance claims, tax refunds, sales commissions, tips, contractor payouts, and more. "Businesses can encounter many challenges when sending money at scale. Teams may face cumbersome technical integrations, manual payment operation workflows, and cash flow challenges, which can create a reconciliation nightmare," said Richie Serna, CEO and co-founder of Finix. "With Finix Payouts, companies of all sizes can get started in a few hours, configure their payment flows and methods to satisfy their business needs, help alleviate complications and intermediaries, and start sending money without spending an extensive amount of time or resources. Instead, they can focus on what matters most: their product, customers, and business growth." "Launching this separate product line, Payouts, is further evidence that Finix is continually and rapidly evolving to meet the dynamic needs of businesses," said Anthony Sharett, President of Pathward®, N.A. and Pathward Financial, Inc. "Pathward is proud to deepen our partnership with Finix and continue working together to broaden accessibility to the financial system." Finix will utilize Mastercard Send™ and Visa Direct to enable card-based payouts allowing U.S. businesses to quickly send money to bank accounts or eligible cards. Key features of Payouts include 24/7 Card Payout Availability Disburse funds to cards in near real-time1, 365 days a year – including weekends and holidays. Real-time Bank Account Validation With Finix's integrations, businesses can get up and running quickly and seamlessly link and validate bank accounts in real-time. Flexible Payment Maximums Based on Industry: Businesses can have custom disbursement limits for push-to-card and bank transfers to effortlessly scale their processes. All-in-One Platform By integrating with Finix's complete solution, users can send payments via ACH, real-time payments, and to cards with Mastercard Send™ and Visa Direct, in a single API. Embedded Compliance Finix conducts the necessary compliance checks on recipients ahead of sending money between parties. Reliable, Detailed Reporting Businesses can manage their payout services with out of the box tools, customizable reporting, and detailed recordkeeping. "In today's digital environment, it's vital that businesses of all sizes can securely access and send funds in near real-time, whenever and wherever their work takes them," said Silvana Hernandez, Executive Vice President, Product and Engineering, North America, Mastercard. "By working with Finix, we're helping businesses meet the demands of our always-on digital world, enabling them to seamlessly integrate Mastercard Send into their day-to-day operations to move money safer, faster and more efficiently." "Visa Direct provides a single point of access and reach to over 8.5B+ endpoints capability, including 3B+ eligible cards, 3B+ bank accounts and 2.5B+ wallets around the world," said Yanilsa Gonzalez-Ore, North America Head, Visa Direct. "This collaboration reflects our shared commitment to streamlining global money movement and we're excited to bring streamlined disbursement capabilities to more businesses across the U.S., enabled by Visa Direct." About Finix Finix is a full-stack payment processor and infrastructure provider powering customers such as Clubessential, Passport, and Kabbage. From startups to publicly traded companies, Finix offers everything needed to deliver a world-class payments experience. Leading software platforms, marketplaces, retail, and e-commerce businesses use Finix's universal payments API and dashboard to accept payments, automate workflows, enhance customer experiences, and quickly grow revenue.

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Tax groups have a meaningful opportunity to enhance the value of their organization’s digital transformation effort. This priority, which involves migrating tax automation to the cloud in tandem with larger enterprise resource planning (ERP) cloud migrations is becoming even more time sensitive. This white paper examines leading

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