Synchrony (SYF) & Nextech partner for CareCredit’s Integration

Partnerships
Sico and Northern Trust announce collaboration
The agreement was signed during Prince Salman bin Hamad Al Khalifa’s visit to the UK. The partnership aims to enhance financial asset management capabilities and create opportunities in the GCC. Read More>>
Shinhan Bank and BC Card forge an alliance to improve card payment in Vietnam
The partnership includes expanding card networks and devices, with Shinhan Bank receiving recognition as the fastest-growing bank in Vietnam. Read More>>
Synchrony (SYF) & Nextech partner for CareCredit’s Integration
They will integrate Carecredit’s health and wellness credit card into Nextech’s software, enhancing patient payment options. The partnership expands Synchrony’s focus on the health systems segment and is expected to boost revenue and loan receivables portfolio for Synchrony Financial. Read More>>

Deal
Impax signs distribution agreement with BTG Pactual to target LatAm
The deal marks Impax’s first entry into the Latin America region. BTG Pactual has an extensive presence in Latin America and will distribute Impax’s funds to institutional investors and financial intermediaries. Read More>>

Centre Setup and Expansion
Commencement Bank (CBWA) opening loan production office in Gig Harbor, Washington
The former Umpqua/Columbia branch will be converted into a full-service branch, with an anticipated opening in early August 2023. McVay and her team will bring local, personalized banking to the community. Read More>>
Bank of Commerce announces plans to open a full-service branch in Saratoga
The branch is expected to open in fall 2023, with a focus on customer service and training staff to provide quality services. The expansion aims to provide more convenient banking options and address the demand for choice in the area. Read More>>

Merger and Acquisition
Guaranteed Rate acquires full ownership of Premia Relocation Mortgage
Guaranteed Rate has acquired full ownership of Premia Relocation Mortgage. The financial terms of the transaction were not disclosed. The acquisition will expand Guaranteed Rate’s product offerings and enhance its technology capabilities. Read More>>

Executive Movements
Pepper Money India appoints FinTech veteran Hardeep Singh as CFO
With over two decades of experience, Hardeep will drive the financial strategy and management to accelerate the growth of the firm’s India business. Read More>>
Mahindra Finance appoints Manish Sinha as Chief Human Resource Officer of the Financial Services Sector
He brings global HR leadership experience and expertise in areas such as talent strategy, organizational design, and culture transformation. Read More>>

Product Launch
DBS Bank China launches E-Cny merchant collection solution in Mainland China
It will allow clients to receive and automatically deposit digital yuan into their CNY bank accounts. The service streamlines payment collection for businesses, eliminates manual settlement processes, and enables e-CNY transactions in underserved regions. Read More>>

Expansion of Mortgage Products and Solutions

• Hodge Bank is keen on expanding its loan management and credit technology to integrate its digital API-led.        
• Platform into Hodge’s existing mortgage origination system, which delivers an improved customer experience by bringing servicing and collections in-house.                  
• Hodge Bank focuses on digitalizing and simplifying the mortgage process to launch financial security products in the market, helping to expand its business.        
• Hodge Bank streamlines its processes and improves functionality with the digital mortgage platform to help its customers in the financial sector.

Digital Mortgage Services

• Hodge Bank is keen on developing a digital e-platform using IoT, Robotic Process Automation technologies to upload financial documents and sign loan documents electronically from the convenience of their home or office at a time that works for the clients. Service providers with Digital Mortgage Services to serve with better solutions for Hodge Bank.

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