Sanctuary Wealth | June 17, 2022
Sanctuary Wealth, home to the next generation of elite advisors, is pleased to announce the launch of a customized alternative investments platform for its partner firms, that streamlines the complexities of managing alternative investments across their full investment life-cycle.
With our new platform, Sanctuary Wealth becomes the first hybrid RIA to offer this kind of digital access to alternative investments, where everything has been sourced and vetted by our own team rather than outsourced to a third-party vendor, We believe this will be a real game-changer for our advisor partners and their clients, particularly in the current environment where traditional investments have been volatile. By leveraging +SUBSCRIBE's end-to-end alternative investment solution to power our private markets offering, it allows us to punch above our weight, as we have since day one."
Jim Dickson, CEO and Founder of Sanctuary Wealth.
Sanctuary's customized alternative investments platform, powered by +SUBSCRIBE, provides an innovative digital experience for product menu centralization, product training and education, investor onboarding, electronic subscription documents, compliance controls, and fully integrated order workflows. Advisors are thus empowered to quickly and "automagically" make an investment in any alternative investment fund, and easily manage client positions through the investment life cycle on a single software solution.
About Sanctuary Wealth
Sanctuary Wealth (sanctuarywealth.com/) is the advanced platform for the next generation of elite advisors, who have the entrepreneurial spirit to build and own their own practices and desire the freedom to deliver the tailored service their clients deserve. Sanctuary's ecosystem of partnered independence provides a complete technology and operations platform, as well as support from a community of like-minded advisors and the resources of invaluable affiliated businesses. Currently, the Sanctuary Wealth network includes partner firms across 20 states with over $22.0 billion in assets under advisement. The Sanctuary Wealth Group includes the fully owned subsidiaries Sanctuary Advisors, a registered investment adviser, and the broker-dealer Sanctuary Securities, as well as Sanctuary Asset Management, Sanctuary Insurance Solutions, Sanctuary Global, and Sanctuary Global Tax and Family Office.
LianLian Global | June 27, 2022
LianLian Global, a leading global cross-border payment service provider, announced the launch of its multi-currency Cross-Border Wallet after securing licenses to operate in all 50 states. The cross-border digital wallet is designed to make payments faster, more accessible and cheaper than the traditional cash and bank transfers for U.S.-based retailers and merchants that sell their products internationally on marketplaces such as Allegro, Amazon, Cdiscount, Fruugo and Kaufland.de.
Data Catalyst found that almost 70 percent of U.S. SMEs use third-party online marketplaces or their web store, with most firms opting to use multiple online markets. However, despite having such a significant digital presence and many selling to multiple countries, cross-border payments remain a significant challenge for U.S. businesses, especially small and medium-sized organizations looking to make payments in less familiar, emerging market currencies in Africa, Asia and the Middle East.
For instance, the evolving international regulatory requirements and capital control policies concerning the transfer and movement of funds in local currencies adds a considerable compliance burden for many U.S. ecommerce businesses. This is particularly true in relation to China, Vietnam and other vital Asian supply chain hubs. Such supplier payment challenges can significantly impact the supply of goods and services from those regions. LianLian Global's Cross-Border Wallet is designed to address these concerns by enabling U.S. businesses to make and receive payments or convert U.S. Dollars to certain regional currencies quickly and compliantly.
The introduction of LianLian Global's Cross-Border Wallet virtually eliminates the bureaucratic burden of facilitating payments between Western businesses, customers and suppliers in China and other emerging markets worldwide. LianLian Global allows ecommerce customers of all sizes to make payments up to U.S.$1.5 million at a time. Additionally, the wallet can hold multiple currencies, including U.S. Dollar, Canadian Dollar, Hong Kong Dollar, British Pound Sterling, European Euro, Chinese Yuan and Polish Złoty.
We are delighted to have launched our fully-licensed Cross-Border Wallet in the United States, and see the positive response from US businesses. This is an evolution of our globally trusted platform that our customers around the world have come to rely on, Our new cross-border wallet helps businesses of all sizes grow, by making it easy to manage multiple currencies on a single platform and do foreign exchange (FX) conversion at fair and transparent rates. Our aim is to help our U.S. customers better navigate the complexity of cross-border payments and the volatility of FX."
David Messenger, Executive Chairman, LianLian Global.
Unlike other prominent providers in the market, customers can use LianLian Global's Cross-Border Wallet without committing to an annual fee or (in certain countries including the U.S., U.K. and China) paying to open an account or receive payments. Instead, LianLian Global charges a fixed 0.5% rate for FX conversion, with even more competitive rates available to high-volume customers.
LianLian Global is a global cross-border payments provider with offices in 12 different countries that helps more than 1.2 million ecommerce stores grow their cross-border businesses. LianLian Global owns over 60 licenses worldwide, with full coverage in all 50 U.S. states. The company has also partnered with leading financial institutions such as Citi, Deutsche Bank, and J.P. Morgan to power their solutions.
About LianLian Global
LianLian Global is a leading cross-border payments company that connects local sellers to global opportunities. We make it easy for ecommerce merchants to do more international business. So when sellers need to receive international payouts, get financing, solve shipping logistics, manage foreign exchange, or pay tax obligations abroad, we simplify the complexity of operating in other countries, giving merchants and sellers the freedom to do business seamlessly. Part of LianLian Digitech, and with licenses and offices in the Americas, Europe and throughout Asia, LianLian Global is integrated into mainstream ecommerce platforms worldwide, with services covering more than 100 countries and regions.
NBT Bank | June 16, 2022
NBT Bank and CEI-Boulos Capital Management announce the launch of the NBT CEI-Boulos Impact Fund, a $10 million real estate equity investment fund with NBT Bank as the sole investor. The fund is designed to support individuals and communities with low- and moderate income through investments in high-impact, community supported, commercial real estate projects located within the bank's Community Reinvestment Act (CRA) assessment areas in New York.
As a community bank, NBT is committed to the communities we serve, This includes doing our part to create stronger, healthier neighborhoods. We believe that investments in projects that deliver critical affordable housing can also have a ripple effect in supporting job creation and strengthening our communities."
NBT Bank President & CEO John H. Watt, Jr.
The NBT CEI-Boulos Impact Fund is managed by CEI-Boulos Capital Management, a fund management company focused on delivering competitive financial returns and social impact. CEI-Boulos helps banks achieve their CRA objectives by organizing and managing funds that invest in financially attractive, high-impact commercial real estate projects that benefit the communities in which they are located. CEI-Boulos prioritizes projects that represent collaborations between various entities—including non-profits, local and state government, philanthropic institutions, banks, community development finance institutions, community-based organizations, private investors, and local developers—that share a vision for their community.
NBT will create a social impact advisory board to evaluate redevelopment and new construction projects, such as multi-family, mixed-use, industrial, office, retail and hospitality projects that closely align with community needs. The advisory board will provide input related to the social and environmental impacts of the fund's proposed investments. Areas of targeted impact will include:
Projects that support job creation
Affordable and workforce housing
Main Street revitalization/historic preservation developments that do not contribute to gentrification/displacement
Developments that serve non-profit organizations
Environmentally sustainable real estate developments
The project investment area includes the following counties: Chenango, Clinton, Cortland, Delaware, Essex, Franklin, Fulton, Greene, Hamilton, Montgomery, Otsego, St. Lawrence, Albany, Rensselaer, Saratoga, Schenectady, Schoharie, Madison, Onondaga, Oswego, Herkimer, Oneida, Broome, Tioga, Warren and Washington.
About NBT Bank
NBT Bank offers personal banking, business banking and wealth management services from locations in seven states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. The bank and its parent company, NBT Bancorp, are headquartered in Norwich, NY. NBT Bancorp had assets of $12.1 billion as of March 31, 2022 and is traded on the Nasdaq Global Select Market under the symbol NBTB.
PNC BANK and NCR Corporation | August 17, 2022
PNC Bank announced today a new partnership with NCR Corporation and its Allpoint ATM network, providing customers with surcharge-free access to cash through more than 41,000 machines across the United States, including Hawaii and Alaska. PNC customers now have surcharge-free access to nearly 60,000 PNC Bank and PNC partner ATMs across the country.
"As a Main Street Bank, PNC is committed building a platform that empowers the financial well-being of our customers. A key part of that is making our solutions available to customers no matter where they live or where they may travel, Partnering with NCR's Allpoint ATM network allows us to more than triple our already expansive network, providing our customers with significantly greater surcharge-free access to their cash from coast-to-coast."
- Alex Overstrom, head of Retail Banking for PNC
NCR's Allpoint network, the largest retail-based surcharge-free ATM network in the United States, provides banks like PNC with access to ATMs at top retail establishments including grocery and convenience stores, pharmacies, and big-box stores.
We know consumers prefer a financial services provider that delivers convenient account access and management, including surcharge-free cash access, Through NCR's robust Allpoint ATM network, PNC can help meet their customers' cash access needs in the places that work best for them – the conveniently located stores that already are part of their lives, said Don Layden, EVP, Payment & Network, NCR.
PNC Bank National Association
PNC BankNational Associationis a member of The PNC Financial Services Group, Inc. PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.