Connect with us

Technology

LoanPro Bolsters Executive Team with Former Bank President to Lead Credit Sponsorship

Published

on

Jer Wood, former President of Hatch Bank, has joined the LoanPro executive team as the President of Credit Sponsorship, using his background in bank sponsorship to help reimagine how sponsor banks, fintechs, and credit platforms can work together.

SALT LAKE CITY, Feb. 13, 2024 /PRNewswire/ — LoanPro, the API-first, modern lending and credit platform, announced today that Jer Wood has joined their executive team as the President of Credit Sponsorship, launching an initiative to reinvent direct credit sponsorship partnerships for banks and their fintech partners.

Jer Wood will help transform bank-fintech partnerships with LoanPro’s credit sponsorship platform.

Jer brings twenty years of experience in banking, most recently as the President of Hatch Bank for six years, where he directed the transformation of the bank to a digital-first fintech sponsor bank. Jer has also held foundational leadership positions with several other sponsor banks, including Celtic Bank, Axos Bank, and others. In addition to fintech sponsorship, Jer has deep experience in the banking industry, including portfolio management, pricing, compliance, and wide-scale digital banking and digital transformation projects.

In 2024, sponsor banks are reevaluating the way in which they partner with fintechs. Early “connector” offerings promised a win-win for sponsor banks, fintechs, and end customers, but concerns have skyrocketed over compliance and visibility of data for sponsor banks. In 2023, there was a 139% increase in sponsor banks receiving formal enforcement actions. Furthermore, both the FDIC and CFPB have suggested increased focus on compliance for bank-fintech partnerships.

Over the past several months, industry experts such as Simon Taylor, Ron Shevlin, Jason Mikula, and others have emphasized a need to reinvent the sponsor bank and banking as a service model. We believe the future involves a much closer relationship and alignment between sponsor banks and fintechs. That way, sponsor banks can more closely monitor and ensure compliance. However, sponsor banks need to provide fintechs with a technology platform that also enables their fintech partners to be nimble and drive innovation. Jer has joined LoanPro to provide sponsor banks with this technology platform to balance compliance with innovation for credit programs that they launch with fintech partners.

LoanPro’s Co-Founder and CEO, Rhett Roberts, explained further how LoanPro provides the platform for sponsor banks and fintechs to succeed. “As we look at the financial industry, margins are decreasing substantially as the cost of capital continues to rise. This drives a stronger need for financial institutions to grow their non-interest income and many banks have entered the sponsor banking or banking as a service industry to do so. We’re confident that LoanPro’s modern credit platform provides both sponsor banks and fintechs with the platform to drive innovation while still maintaining full data visibility, compliance oversight, enterprise risk management, and more.”

“LoanPro’s credit sponsorship platform is focused on driving value for both sponsor banks and fintech partners,” Jer Wood stated. “For sponsor banks, the concerns with existing connector models are always the same: visibility, control, and compliance oversight. LoanPro’s platform addresses those concerns for sponsor banks while simultaneously providing fintech partners a bullet-proof, fully-customizable platform for servicing, collections, and payments of virtually any class of loans, lines of credit, and credit cards. And the real winners are the end customers, who are delighted with the user experience.”

For more information, visit Loanpro.io.

About LoanPro

LoanPro is the market-leading modern lending and credit platform enabling lenders to innovate quicker, driving account growth while optimizing operational efficiency. Today, 600+ lenders use LoanPro to holistically upgrade their borrower, agent, and back-office experiences. LoanPro’s mission of providing the platform to innovate the future of finance currently is enabled through its composable architecture, allowing lenders to enhance their origination, servicing, payments, collections, all built on the foundation of a modern lending core.

Media Contact: Spencer McWilliams, spencer.mcwilliams@loanpro.io, (918) 809-2208 

View original content to download multimedia:https://www.prnewswire.com/news-releases/loanpro-bolsters-executive-team-with-former-bank-president-to-lead-credit-sponsorship-302060126.html

SOURCE LoanPro

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

EVE Energy Made a Stunning Appearance at Solartech Indonesia 2025, Supporting Indonesia’s Energy Transformation with Comprehensive Energy Storage Solutions

Published

on

By

WUHAN, China, April 27, 2025 /PRNewswire/ — From April 23 to 25, 2025, Solartech Indonesia 2025 was grandly held in Jakarta, Indonesia. EVE Energy made a stunning appearance with its full range of energy storage solutions, injecting fresh momentum into Indonesia’s solar energy development.

As one of the largest economies in Southeast Asia, Indonesia has a huge demand in the solar photovoltaic market. The Indonesian government plans to achieve 23% renewable energy supply by 2025 and a higher proportion by 2050. Energy storage will play a pivotal role in integrating renewable energy and facilitating local power generation and clean energy development.

Mr. Giant Leads Innovation, Injecting Vitality into the Large-Scale Energy Storage Market

To address the challenges posed by Indonesia’s relatively weak power grid infrastructure and unstable power supply, EVE Energy has leveraged its innovation in energy storage technology to launch the Mr. Giant energy storage system. Being more efficient, simple, and safe, the system can enhance the power grid’s stability and reliability.

The Mr. Giant energy storage system features the 628Ah ultra-large-capacity cell, Mr. Big. Through innovative current collection design, it resolves the excessive heating in large cells. Under 0.25P and 25°C environmental testing conditions, the system has achieved an energy efficiency of over 95.5%. Incorporating the AS9100D Aerospace Quality Management System standard alongside “X-ray Inspector” technology and AI intelligent monitoring, the system ensures comprehensive safety protection, provides a reliable guarantee for the stability of Indonesia’s power grid, and leads the industry toward safer and smarter development.

New Residential ESS Products Made Their Overseas Debut, Advancing the Development of Distributed Energy

To address the electricity demand in remote areas and islands across Indonesia, EVE Energy launched its 10 kWh wall-mounted residential ESS system and 25 kWh high-voltage stackable residential ESS system overseas for the first time. These solutions could resolve power supply shortages and help users utilize self-generated electricity.

 

The 10 kWh wall-mounted residential ESS system features a concealed interface design, blending aesthetics and technology seamlessly to meet the aesthetic and practical needs of residential users. With its architecture design, the product supports up to 32 parallel systems, enabling flexible capacity expansion. Additionally, users can switch seamlessly between the Bluetooth and WiFi dual modes via APP for real-time battery status tracking and customized electricity management as well as operations and maintenance. The 25 kWh high-voltage stackable residential ESS system boasts a compact footprint, large capacity, and enhanced safety, making it suitable for scenarios with greater power consumption. Its stackable design ensures easier installation and more flexible application.

As a world-leading lithium battery enterprise, EVE Energy will continue to deepen its global strategic layout, cling to technology and product innovation, and facilitate Indonesia’s renewable energy development through high-performance and highly reliable energy storage products and solutions, thereby contributing to global sustainable development.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/eve-energy-made-a-stunning-appearance-at-solartech-indonesia-2025-supporting-indonesias-energy-transformation-with-comprehensive-energy-storage-solutions-302439087.html

SOURCE EVE Energy

Continue Reading

Technology

Hikvision releases 2024 full-year and 2025 first-quarter financial results

Published

on

By

HANGZHOU, China, April 27, 2025 /CNW/ — Hikvision has announced its full-year financial results for 2024 and first-quarter results for 2025. In 2024, the company reported total revenue of RMB 92.496 billion, marking a 3.53% year‑over‑year (YoY) growth. In the first quarter of 2025, the company reported revenue of RMB 18.532 billion, up 4.01% YoY. Net profit attributable to shareholders reached RMB 2.039 billion, reflecting a 6.41% YoY increase.

Over the past two decades, Hikvision has established itself as a global security leader, developing a robust AIoT ecosystem encompassing over 30,000 products. Today, the company remains committed to steady and solid progress, navigating uncertainties with a positive and prudent approach. It maintained its leading position in the domestic security market while seeking growth from overseas markets and innovative businesses. With profitability as a central focus, the company is driving organizational transformation and refining management practices to support long-term, sustainable growth. Notably, Hikvision is at the forefront of leveraging breakthroughs in large-scale AI model technologies to accelerate scenario-based digitalization across diverse industries.

Throughout the past year, the company strengthened its overseas presence, with main business revenue from international markets rising to RMB 25.989 billion, accounting for 28.10% of total revenue and reflecting an 8.39% YoY growth. Hikvision’s overseas revenue spans over 180 countries and regions, with developing markets contributing more than 70% of that total. The steady increase of overseas business revenue has emerged as an important driver of the company’s overall profit growth. Meanwhile, Hikvision’s innovation businesses continued to grow rapidly, with revenue reaching RMB 22.484 billion.

In 2024, Hikvision continued to prioritize research and development, investing RMB 11.864 billion in R&D, accounting for 12.83% of its total revenue. Over the years, the company has built a multi-level R&D system with the headquarters’ R&D capabilities at the core, radiating to key regions both domestically and internationally.

In its latest developments, Hikvision is actively advancing AIoT technologies, with its Guanlan Large-Scale AI Models integrating vision, language, and multimodal capabilities, among others. These innovations have significantly enhanced both perception and cognition abilities of Hikvision’s products and solutions. For instance, in perimeter protection, the large vision model can achieve a 90% reduction in false alarms.

Looking ahead, Hikvision is committed to a strategy of high-quality growth, with a stronger focus on driving innovation, enhancing efficiency and ensuring long-term sustainability.

Click here for more information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hikvision-releases-2024-full-year-and-2025-first-quarter-financial-results-302439095.html

SOURCE Hikvision Digital Technology

Continue Reading

Technology

Hikvision releases 2024 ESG report, delivering THRIVE for a better future

Published

on

By

HANGZHOU, China, April 27, 2025 /CNW/ — Hikvision has published its 2024 Environmental, Social and Governance (ESG) Report, marking seven consecutive years of sharing its ESG commitments and practices. Notably, the THRIVE sustainability philosophy was introduced for the first time. Guided by “Tech for Good”, Hikvision outlines five focus areas — Harmony, Reliability, Integrity, Value Chain and Environment.

By thoroughly reviewing the global policies, ESG rating criteria and stakeholder perspectives, Hikvision identified 3 material topics: ‘Technological Innovation’, ‘Cybersecurity and Data Protection’, and ‘Response to Climate Change’.

Driving social progress through innovation

Hikvision has long explored innovative approaches to addressing social challenges. In urban governance, Hikvision has provided traffic management solutions across over 300 cities, optimizing traffic flow at over 53,000 intersections. In industrial digitalization, Hikvision partnered with CHN Energy to develop large-scale, real-time, and non-destructive bi-spectrum rapid coal quality analysis technology, overcoming the limitations of traditional methods.

With its STAR Program for Social Good, Hikvision leverages its technologies to preserve wildlife, environment and culture. By 2024, Hikvision has partnered with over 30 NGOs. Notable efforts include enhancing fire prevention at Lanxi Bridge, an ancient wooden bridge built in 1574, and upgrading the observation system at South Africa’s Kariega Game Reserve.

Enhancing the reliability of cybersecurity and data protection

Hikvision consistently prioritizes cybersecurity and data protection, a commitment that has been recognized by prestigious certifications, including ISO 27017, ISO 27018, DCMM, and IEC 62443-4-1, among others. 

Furthermore, Hikvision places a strong emphasis on skills and training. In 2024, Hikvision launched 26 cybersecurity-themed courses and conducted 171 training sessions, achieving 100% employee engagement. Hikvision is also fostering the next generation of talent by supporting the inaugural Hackathon at ISE 2025 in Barcelona.

Tackling climate change with low-carbon strategies

Hikvision integrates decarbonization strategies into its corporate policies, establishing a carbon-neutral business blueprint focused on low-carbon products, intelligent manufacturing, green operations, and digital transformation.

Key milestones include Hikvision’s Carbon Footprint Verification for 103 models and the world’s first certification for Carbon Footprint of Product Process from Bureau Veritas. 16 of Hikvision’s LED displays received the Green Product Mark certification issued by TÜV Rheinland, making them the first in the LED display industry to achieve this distinction.

Hikvision remains committed to sustainability, laying a solid foundation for stable operations and shared value. With ongoing initiatives, we THRIVE for a better future.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hikvision-releases-2024-esg-report-delivering-thrive-for-a-better-future-302439096.html

SOURCE Hikvision Digital Technology

Continue Reading

Trending