Of Interest

Most U.S. Banks Consider Open Banking a ‘Must Have’

Finastra research revealed views on open banking in the United States have matured over the last year, with 68% of respondents considering it either a 'must have' or 'important', up from 48% last year. read more

Epiq: November Commercial Chapter 11 Bankruptcies Increase 74% Over Last Year

Commercial Chapter 11 filings increased 74% to 345 in November 2022 from the 198 filings recorded in November 2021, according to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data. read more

First Citizens Bank Supports FitLife’s Acquisition of Mimi’s Rock

FitLife Brands, a provider of nutritional supplements, entered into definitive documentation to acquire Mimi’s Rock. First Citizens Bank is providing more than $16 million in financing to support the acquisition. read more

QuickFi a Finalist at 2022 London Banking Tech Awards

The 2022 London Banking Tech Awards recognized QuickFi as a finalist and as highly commended in the Best Use of IT for Lending award category. J.P. Morgan won the category with its pre-approved lending offers. read more

Triumph Bancorp Rebrands to Triumph Financial

Triumph Bancorp rebranded to Triumph Financial. In addition to the Triumph Financial rebranding, the brands Triumph Business Capital, Triumph Insurance Group and Triumph Commercial Finance have consolidated factoring, insurance and banking services. read more

Ritchie Bros.’ Fandozzi Recognized as CEO Innovator of the Year by The Globe & Mail

Canada's largest newspaper, The Globe & Mail, recognized Ritchie Bros.’ CEO Ann Fandozzi as its CEO Innovator of the Year. read more

ENGS Launches New Version of Mobile App to Improve User Experience

ENGS Commercial Finance launched version 3.0 of the ENGS Mobile App to improve the user experience and self-service capabilities. The platform offers a one-stop location for customers to manage their accounts from their mobile devices. read more

Mitsubishi HC Capital America and ACT Research Launch Video Series

Mitsubishi HC Capital America and ACT Research are partnering on a four-part weekly video series, “A Conversation with ACT Research,” designed for commercial truck dealers, upfitters and end-users. read more

BMO Earns Top Ranking on New Global Sustainability Benchmark

The World Benchmarking Alliance (WBA) named BMO the world’s top ranked financial institution based on its 2022 Financial System Benchmark, a new global benchmark to assess how firms are helping make progress in support of a just and sustainable economy. read more

KlasJet Adds Boeing 737 BBJ2 to Fleet

KlasJet, a private and corporate jet charter company operating a fleet of jets based in Lithuania, added a Boeing 737 BBJ2 MSN 32971 jet to its fleet. read more

Moritt Hock & Hamroff Partners with Fordham University for NIL Matters

Moritt Hock & Hamroff LLP partnered with Fordham University to advise it with name, image and likeness (NIL) matters for its student-athletes. Dan Lust of Moritt Hock & Hamroff LLP heads the sports law practice group at the company. read more

Ryder System Ranked in FreightWaves FreightTech 25 Awards

Ryder System ranked among the top 25 most innovative and disruptive companies in the freight technology space at the annual FreightWaves FreightTech 25 Awards, which were announced during the F3: Future of Freight Festival. read more

US DOT Approves Increase to Global Crossing Airlines’ Fleet

The U.S. Department of Transportation authorized Global Crossing Airlines Group to increase its fleet size to 11 aircraft from its previous authorization of eight aircraft. read more

WSFS Study Finds 45% of Small Businesses Considering Equipment Purchases

According to a study from WSFS Bank examining Mid-Atlantic small business trends, nearly half of respondents (45%) are considering new loans to reinvest in their businesses by purchasing equipment. read more

PECO Pallet Opens New Service Depot in Mississauga, CA

PECO Pallet, one of North America’s largest providers of rental pallet services to the beverage, grocery and consumer products industries, opened a new PECO service depot in Mississauga, ON. read more

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