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MUFG Union Bank Launches Green Deposits in the United States

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NEW YORK, Feb. 22, 2021 /PRNewswire/ — MUFG Union Bank, N.A., today announced that it has launched Green Deposits for commercial and corporate clients to support sustainable projects that benefit the environment.

Available in the United States, Green Deposits give clients the opportunity to invest their deposits in Environmental, Social and Governance (ESG) projects. MUFG will use the deposited funds to finance ESG projects such as energy efficiency; renewable energy; green transport; sustainable food, agriculture, and forestry; waste management; and greenhouse gas reduction, among others.

“Our new Green Deposits offering aligns with our clients' commitment to the environment by embracing social responsibility and sustainable investing,” said Ranjana Clark, Head of Global & Americas Transaction Banking and Bay Area President. “MUFG is focused on developing innovative products and services that support our clients' objectives and that leverage our business strengths, such as Project Finance and Liquidity Management.”

MUFG partnered with Sustainalytics, a leading ESG research, ratings and data firm, to develop the bank's Green Deposit Framework to capture and account for qualifying green activities within the MUFG portfolio, and ensure alignment with industry best practices and standards.

“Liquidity vehicles such as this Green Deposit product meet many clients' needs who want to ensure their surplus cash deposits are being used for the greater good,” said Managing Director Olu Adebiyi, Liquidity Product Head, Transaction Banking Americas. “We are proud to be at the forefront of our clients' focus on environmentally beneficial initiatives by adding a bank deposit option to accompany the growing number of non-bank ESG investment vehicles in the market.”

MUFG's Environmental Commitment
MUFG has committed to participating in CDP (formerly the Carbon Disclosure Project). CDP is a project through which institutional investors from around the world work together and urge corporations to disclose their strategies on climate change as well as detailed data on their greenhouse gas emissions. MUFG has participated in the project since 2004.

On July 1, 2020, MUFG began applying the Equator Principles 4, which includes due diligence on the impact of physical and transition risks posed by climate change on projects and enhanced engagement with indigenous peoples. MUFG has also committed to gradually decreasing the balance of MUFG's exposure to coal-fired power generation projects with a target reduction of 50 percent from FY2019 to FY2030 and down to zero by FY2040.

In the Americas, MUFG is on track to exceed its five-year, $41 billion Community Service Action Plan sustainable finance goals announced in 2016, surpassing a cumulative $50 billion during 2020, including more than $40 billion for environmental finance, for projects including green affordable housing, solar and wind energy, agricultural operations that conserve natural resources, green and social bonds and sustainability linked bonds and loans, mass-transit systems, and public water infrastructure.

MUFG intends to commit ¥8 trillion (approximately $72 billion) of finance in the environmental field, including initiatives to counter climate change. We promote renewable energy through project finance, issue MUFG Green Bonds (which ensure that the net proceeds are allocated to eligible Green Projects), provide commodities and services aimed at mitigating environmental loads, and encourage the climate change countermeasure consulting business.

“As an organization, MUFG is focused on what we can do to drive the transition toward a more sustainable environment in the communities we serve,” said Dr. Tobi Petrocelli, Director Environmental and Sustainability Management, Corporate Social Responsibility for the Americas. “Environmental Stewardship is one of our core values, and it is important that we pursue ways to reduce our collective environmental footprint.”

To learn more about the bank's Green Deposits offering, visit https://mufgamericas.com/what-we-do/transaction-banking.

About MUFG Union Bank, N.A.
As of September 30, 2020, MUFG Union Bank, N.A. operated 348 branches, consisting primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York, and Georgia. We provide a wide spectrum of corporate, commercial, and retail banking and wealth management solutions to meet the needs of our clients. We also offer an extensive portfolio of value-added solutions for clients, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $132.5 billion, as of September 30, 2020, MUFG Union Bank has strong capital reserves, credit ratings, and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world's largest financial institutions with total assets of approximately ¥348.4 trillion (JPY) or $3.3 trillion (USD)¹, as of September 30, 2020. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.

1 Exchange rate of 1 USD=¥105.8 (JPY) as of September 30, 2020

©2021 Mitsubishi UFJ Financial Group, Inc. All rights reserved. The MUFG logo and name is a service mark of Mitsubishi UFJ Financial Group, Inc., and is used by MUFG Union Bank, N.A., with permission. Member FDIC. Equal Housing Lender.

Press contact:
Jane Yedinak
Direct: 415-773-2497
[email protected]

 

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SOURCE MUFG Union Bank, N.A.

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Genius Avenue Partners with Vive Benefits

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TUCSON, Ariz., Feb. 22, 2021 /PRNewswire-PRWeb/ — Genius Avenue, an established employee benefits technology company, announced a partnership with Vive Benefits, an innovator in healthtech, marking a shift in the benefits industry. Vive Benefits has created a new way of providing HSA benefits to employees, enabling users to utilize pre-tax dollars before accruing them. The service protects individuals from personal bankruptcies due to unexpected out-of-pocket healthcare expenses, offering a 0% interest credit line with a zero-risk HSA loan repayment program.

As employers move away from pricier health plans, Vive offers employees a lifeline with no risk when paired with their employer-sponsored High Deductible Health Plan. The only catch was finding a way to make it scalable. Genius Avenue, known for innovative insurtech, has created an integration solution for Vive, enabling their existing offering to scale rapidly, spelling a big win for employers and employees.

“Genius Avenue's innovative approach to scaling employer benefit and payroll integration will allow Vive to focus on our core mission—solving consumer medical debt,” said Jason Pyle, CEO of Vive Benefits.

Genius Avenue will streamline Vive Benefit's process with S.E.A. Advantage, creating a whole new approach to HSAs.

“Vive Benefits will give employers an edge when it comes to attracting the best of the workforce,” said Charlie Horn, Founder and CEO of Genius Avenue.

This partnership will create competitive benefits packages for employers and make it easier for employees to get the healthcare they need. Vive Benefits will eliminate stress over costly and unexpected medical expenses by changing how HSAs are utilized, using approved credit card and banking solutions. Genius Avenue will take Vive Benefits to the next level by replacing the manual elements with insurtech. Vive Benefits and Genius Avenue are revolutionizing the benefits industry together, and this is only the beginning.

About Genius Avenue
Genius Avenue leverages technology, deep industry expertise, and partner relationships to create new opportunities for insurance and benefits manufacturers, distributors, and sponsors to increase sales, expand distribution, and improve retention. Our solutions drive digital transformation with mobile-first, custom marketplaces, paperless administration, and the industry's most versatile payment platform, all while meeting the insurance and benefits industry's security and regulatory requirements.

Learn more at http://www.geniusavenue.com

About Vive
After seeing the impact rising medical costs had on people across the country, we set out to solve the problem of medical debt. Focused on creating an employee-safe product, we developed Vive: a simple, secure and complete solution to out-of-pocket risks. Vive enhances health plans by providing a comprehensive, payroll-secured payment solution for employees. Backed by an HSA and credit program, Vive offers a soft landing for employers looking to cut healthcare costs without exposing employees to financial risks.

Learn more at http://www.vivebenefits.com

Media Contact

Liam Maddock, 5Lights / Genius Avenue, +1 5203604763, [email protected]

Twitter, Facebook

 

SOURCE Genius Avenue

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Should you invest in American Airlines, Vale SA, Exxon Mobil, Freeport-McMoRan, or Barrick Gold?

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NEW YORK, Feb. 22, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for AAL, VALE, XOM, FCX, and GOLD.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock's suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street's opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

 

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SOURCE InvestorsObserver

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IQST – iQSTEL Signs Contract To Provide Telecom Services To Vonage

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NEW YORK, Feb. 22, 2021 /PRNewswire/ — iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced a contract between Vonage and IQSTEL's Telecom Division (subsidiary QGlobal SMS).

iQSTEL Logo

Vonage is a cloud communications provider offering a variety of communication APIs with over $1 billion in annual revenue.

IQSTEL's QGlobal SMS is a wholesale SMS termination provider with a commercial footprint in the USA, Mexico, Colombia, Latin America, Europe and Asia. QGlobal SMS has robust international interconnection with Tier1 SMS Aggregators, Large Mobile Operators in the word and in-country SMS value added integrators, guarantying its customers high quality and low termination rates, over more than 100 countries worldwide.

QGlobal SMS was selected by Vonage for its strong Latin America presence.  IQSTEL anticipates expanding the current agreement with Vonage to include VOIP services later this year.

About iQSTEL Inc.:

iQSTEL Inc (OTC: IQST) (www.iQSTEL.com) is a US-based publicly-listed company offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 13 countries.  The company provides services to the Telecommunications, Electric Vehicle (EV), Liquid Fuel Distribution, Chemical and Financial Services Industries. iQSTEL has 4 Business Divisions: Telecom, Technology, Fintech and Blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, Global Money One and itsBchain. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, 4G & 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Electric Vehicle Platform, iQ Batteries for Electric Vehicles, IoT Smart Gas Platform, IoT Smart Tank Platform, Visa Debit Card, Money Remittance, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement & Payments Marketplace (Blockchain Platform).

Safe Harbor Statement: Statements in this news release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

iQSTEL Inc.

IR US Phone: 646-740-0907, IR Email: [email protected]

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SOURCE iQSTEL, Inc.

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