News

BMO for Black and Latinx Small Business Program will now be available in all BMO markets where BMO Harris operates branches. The program – part of BMO's five-year, $5 billion EMpower commitment – was piloted in Illinois and Northwest Indiana...

The American Association of Commercial Finance Brokers wrapped up its first hybrid conference on September 10. While attendance was slightly lower than previous years due to the pandemic, there were few cancellations and attendee enthusiasm was electric.

Wells Fargo announced its new digital infrastructure strategy, combining a multi-cloud approach with third-party data centers. Wells selected Microsoft Azure as its primary public cloud provider and Google Cloud for additional business-critical public cloud services.

Quest Analytics, a provider of modular banking CRM software and Vertical IQ, a provider of industry intelligence, jointly announce the recent integrated deployment of IQProspects, a sales management solution with Vertical IQ at Community Bank.

Eastern Bank announced A-COM Integrated Solutions (A-COM) as a new commercial banking customer. Founded in 1973, A-COM is a family-owned security, home and business automation company offering services to benefit increasingly mobile lifestyles.

Small business loan approval percentages at big banks jumped from 13.8% in July 2021 to 13.9% in August. Meanwhile, small banks’ approvals also rose from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Small Business Lending...

Hilco Terracota, a subsidiary of Hilco Global and Hilco Global Mexico, was appointed as the primary servicer of one of the major payroll loan companies in Mexico and Colombia. The company has recently filed for Chapter 11 bankruptcy in the...

IDS was named one of the top 100 financial technology providers in the world by IDC Financial Insights, ranking 69th on the 2021 IDC FinTech Rankings. The ranking recognizes the world's leading hardware, software and service providers to the financial...

Force Ten Partners completed a restructuring effort for CarbonLite Holdings and its subsidiaries. Under the direction of Force 10, the debtors conducted a complex four-part asset sale to individual purchasers for CarbonLite’s manufacturing facilities.

The United States Bankruptcy court approved all first day motions on an interim or final basis for Philippine Airlines’ voluntary restructuring, including approving access to the first $20 million of its debtor-in-possession financing totaling $505 million provided by Buona Sorte...