News

Fortune Names First American Equipment Finance a Best Workplace in Financial Services & Insurance

Fortune and Great Place to Work named First American Equipment Finance one of 2023’s Best Workplaces in Financial Services & Insurance in the under 1,000 full-time employees’ category. read more

Star Hill Financial Adds Ende to Leadership Development Program

Star Hill Financial added Liam Ende to its leadership development program, which was launched to encourage recent college graduates to pursue a career in the equipment finance industry.  read more

Amembal to Partner with Rinaldi Advisory Services

Sudhir Amembal, CEO of Amembal & Halladay, is returning to the U.S. to provide lease education to emerging industry leaders and their teams, as he will be joining Rinaldi Advisory Services. read more

NEFA’s Upcoming Funding Symposium Will Focus on ‘Lassoing Opportunities for Success’

The National Equipment Finance Association unveiled details about its upcoming 2023 Funding Symposium, which will take place from Oct. 3-6 in San Antonio. The deadline to take advantage of special rates for hotel accommodations for the symposium is today. read more

Solifi Named on 2023 IDC FinTech Top 100

Solifi was named among the top 100 on the International Data Corporation’s 2023 FinTech Rankings. Now in its 20th year, this annual vendor ranking program recognizes the world’s top 100 hardware, software and service providers to the financial services industry. read more

5 Takeaways from ELFA’s Webinar on Building Inclusive Workplaces

The Equipment Leasing and Finance Association’s recent webinar, “Building Inclusive Workplaces: You’ve successfully recruited a diverse workforce, now what?” focused on an exploration of diversity, equity and inclusion principles. read more

Liventus Adds DeVeney as EVP of Solutions

Liventus, a provider of automation solutions for the equipment finance industry, hired Chris DeVeney as executive vice president of solutions. DeVeney has more than 15 years of experience in the banking finance software sector and 10 years of experience in the equipment finance software sector. read more

KBRA: Private Credit ABS Volume Continues at Healthy Clip

According to new research from Kroll Bond Rating Agency, private asset-backed securities as a proportion of KBRA’s total ABS rating assignments have routinely approached or exceeded 25% of the transaction mix dating back to 2020. read more

Business Owner Optimism Reaches 21-Year High Despite Lingering Hiring Concerns

According to the most recent release of PNC’s semi-annual survey of small and mid-sized businesses, business owner optimism about the outlook for their businesses in the next six months has reached a 21-year high amid strong expectations for sales, profits and demand. read more

Utica Equipment Finance Provides $1.5MM Capital Lease to Ammunition Manufacturer

Utica Equipment Finance provided a $1.5 million capital lease to a licensed wholesale manufacturer of small caliber ammunition, small arms and tactical equipment. read more

Capteris Closes $350MM Credit Facility to Strengthen Equipment Finance Business

Capteris closed a new $350 million credit facility to support the growth of its equipment finance business. Truist Bank is serving as administrative agent and Bank of America is also partnering with Capteris on the facility. read more

KBRA Assigns Preliminary Ratings to North Mill Equipment Finance ABS

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by NMEF Funding 2023-A, an equipment asset-backed securitization. NMEF 2023-A represents North Mill Equipment Finance’s seventh equipment ABS. read more

SCJ Commercial Financial Services Promotes Ogden to EVP

SCJ Commercial Financial Services promoted Scott Ogden to executive vice president. Ogden will continue to oversee operations and portfolio purchases for SCJ while taking on additional responsibilities in the expansion of SCJ. read more

Insight Financial Services Achieves 8th Consecutive SOC 1 Type 2 Recertification

Insight Financial Services (IFS), a division of Insight Investments, achieved its eighth consecutive completion and recertification of the Service Organization Control (SOC) 1 Type 2 audit. read more

Daley to Retire as Vice Chairman of Public Affairs at Wells Fargo

William M. Daley, vice chairman of public affairs of Wells Fargo, will retire at the end of the year. Daley joined Wells Fargo in 2019 from BNY Mellon to lead public affairs and is also the former chief of staff for President Barack Obama. read more

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