Category: Banking and Financial Services

Best Egg, the Wilmington-based consumer lending platform, has announced a partnership with financial planning provider SuperMoney. “Partnering with SuperMoney supports our mission of making money more accessible to allow people to enjoy life,” said Jeffrey Meiler, CEO of Marlette Funding LLC, which powers the Best Egg platform. “Our core values align and this partnership will…

The New Castle County Chamber of Commerce on December 11 hosted the 1st Annual Fintech Forum. Thirteen leaders in the financial services sector joined over 130 guests to discuss FinTech in the First State. Areas of discussion included the evolving regulatory and compliance landscape, the future of blockchain and cryptocurrencies, FinTech talent needs and emerging…

WSFS Financial Corporation and Beneficial Bancorp jointly announced a plan to consolidate 25 percent of their combined retail banking offices. The banks stated that the “retail banking office optimization plan” is a response to an overall decline in branch transactions, the rapid adoption of digital services by customers and geographic overlap between the two banks, which…

(AP) — There’s no guarantee that four former executives of the only financial institution to be criminally charged in connection with the federal bank bailout program will be sentenced to prison for fraud. But even if a judge orders prison time for the former Wilmington Trust officials at their sentencings later this month, they won’t…

The Central Delaware Chamber of Commerce (CDCC) has again achieved 5-Star Accreditation status from the U.S. Chamber of Commerce. This is the second consecutive 5-Star rating for the CDCC. Accreditation recognizes excellence in Chamber planning and performance. There are four tiers: general Accreditation, then 3-Star, 4-Star, and 5-Star Accreditation. This means the Chamber has demonstrated…

(AP) — Federal prosecutors are asking a judge to unseal sentencing documents submitted by attorneys for four former executives of the only financial institution to be criminally charged in connection with the federal bank bailout program. Former Wilmington Trust president Robert Harra Jr., chief credit officer William North, chief financial officer David Gibson and controller…

Assets under management by Cypress Capital Management (Cypress Capital), a division of WSFS Financial Corporation, have reached a milestone of $1 billion. Founded in 1984 and acquired by WSFS in 2004, the division caters to individuals, family trusts, charitable organizations, foundations, endowments, and corporate pension and profit-sharing plans. “This is a significant milestone for our…

Global software provider Katabat, headquartered in Wilmington, has released Katabat Engage, which delivers data-driven debt collections powered by machine learning to consumer lenders. Powered by a proprietary machine learning platform, Karabat Engage enables lenders to deploy customized email and SMS text collection messages and continuously tune customer outreach and response strategies. “We are very excited…