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Oriental Bank Selects Upstart’s Credit Decision API

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Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced that Oriental Bank, a subsidiary of OFG Bancorp and one of the largest banks in Puerto Rico, has selected Upstarts Credit Decision API (application programming interface) to deliver faster credit decisions and more accurately price auto loans for applicants on its online banking site.

Upstart’s Credit Decision API will provide Oriental Bank with complete authority over its auto lending programs with each decision based on the bank partner’s credit policy, lending terms, and return targets, in addition to the risk modeled for each applicant.

Orientals ability to originate loans depends primarily on the services that it provides to its borrowers, in making prompt credit decisions, and on the rates and fees that it charges, said Ganesh Kumar, chief operating officer, Oriental Bank. Upstarts Credit Decision API will enable us to increase the speed of lending decisions, better price applicants and more accurately assess risk, ultimately to better serve our customers.

We are excited to welcome Oriental Bank as one of the newest banks in the Upstart family to use artificial intelligence for automated credit decisions, said Michael Lock, SVP of Banking Partnerships, Upstart. We look forward to partnering with Orientals team to provide its customers a modern approach to auto lending.

Incorporating more than 1,600 variables, Credit Decision API leverages machine learning algorithms trained on more than 620,000 loans and more than 9 million repayment events across Upstart’s network of bank partners. Compared to traditional bank models, AI-enabled decisioning can provide banks with up to 75% fewer defaults at the same approval rate.*

For more information and to request a demo, please visit: www.upstart.com/partners/credit-decision-api

About Upstart

Upstart (NASDAQ: UPST) is a leading AI lending platform partnering with banks to expand access to affordable credit. By leveraging Upstart’s AI platform, Upstart-powered banks can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.

*Based on an internal study by Upstart that replicated three bank models using their respective underwriting policies and evaluated their hypothetical loss rates and approval rates using Upstart’s applicant base in late 2017.

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Diana Adair

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Abundant Wealth Management Is Now A Retirement Income Store®

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FORT LAUDERDALE, Fla., Jan. 24, 2021 /PRNewswire-PRWeb/ — Sound Income Strategies, LLC, a full-service Registered Investment Advisory (RIA) firm dedicated to helping clients meet their long-term financial objectives, is proud to announce that Abundant Wealth Management in Dallas, Texas, is now officially A Retirement Income Store.

The Retirement Income Store®, powered by Sound Income Strategies, is a virtual store where individuals can find financial advisors, known as Income Specialists, who specialize in helping clients reduce their exposure to stock market risk so they can use their savings to generate reliable income for retirement.

Although Abundant Wealth Management (AWM) works with a wide range of clients, it specializes in helping those who are nearing retirement, or are already retired. Services provided include financial planning, investment management, asset preservation, and healthcare planning including Medicare Advantage and Medicare Supplements.

Since its inception, AWM has been on a mission to help protect their clients' assets from risk and uncertainty. Unlike other firms that might focus on more aggressive, stock market-based financial strategies, AWM specializes in taking a more sensible approach to planning and saving for retirement—an approach focused on generating steady income in the form of interest and dividend payments that their clients can count on well into retirement.

Founder Eric Lardner says: “Managing your money wisely means being knowledgeable about your options. That's why we place a heavy emphasis on financial education. It's this focus on education, along with our more conservative approach to financial planning, that has led Abundant Wealth Management to join the national network of like-minded financial advisors nationwide who believe there's a better way for Americans to plan and save for retirement—Investing for Income.”

About Sound Income Strategies: Sound Income Strategies (SIS) is an RIA firm with more than $1 billion in assets under management. Specializing in the active management of individual, income-generating securities, the firm focuses on maximizing the value of their clients' portfolios and building retirement plans that deliver consistent income, growth potential, and – most importantly – defense against damaging losses. As a Registered Investment Advisory firm, SIS diligently honors their fiduciary responsibility, as spelled out in the US Investment Advisors Act of 1940, to always act and serve in the best interest of their clients.

About the Retirement Income Store—Launched in January of 2019, The Retirement Income Store is a subsidiary of Sound Income Strategies. The Retirement Income Store is comprised of a national network of Income Specialists who actively manage their clients' portfolios with the goal of maximizing income first and opportunities for growth second.

About Abundant Wealth Management: Abundant Wealth Management, located in Dallas, Texas, was founded by Eric M. Lardner. Mr. Lardner has more than 30 years of experience in the financial services industry and specializes in providing retirement planning services designed to educate clients about the best options available to help them meet their long-term financial objectives. Dedicated to the core principles of trust and integrity, AWM always places the needs and interests of their clients first and foremost.

For more information contact:
Sarah Samuels or Erika Wilson
[email protected] or [email protected]
(954) 487-1846 or (954) 870-6720

Investment Advisory Services offered through Sound Income Strategies, LLC, an SEC Registered Investment Advisory Firm. Abundant Wealth Management and Sound Income Strategies, LLC are not associated entities. Abundant Wealth Management is a franchise of The Retirement Income Store, LLC. The Retirement Income Store, LLC and Sound Income Strategies, LLC are associated entities.

Media Contact

Erika Wilson, Lineweaver Financial Group, +1 9548706720, [email protected]

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SOURCE The Retirement Income Store

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Lifshitz Law Firm, P.C. Announces Investigation of CATM, FFG, HLIX, MDCA, RP, SMTX, and TCP

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NEW YORK, Jan. 24, 2021 /PRNewswire/ —

Cardtronics PLC (NASDAQ: CATM)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of CATM for $35.00 per share.

If you are a CATM investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

FBL Financial Group, Inc. (NYSE:FFG)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the proposed sale of FFG to Farm Bureau Property & Casualty Insurance Company for $56.00 per share in cash.

If you are a FFG investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

Helix Technologies, Inc. (OTC:HLIX)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of HLIX and Medical Outcomes Research Analytics, LLC. Under the merger, HLIX shareholders will receive 0.05 shares of a newly formed company, Forian Inc., for each share of HLIX common stock.

If you are a investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

MDC Partners Inc. (NASDAQ: MDCA)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the merger of MDCA with Stagwell Media LP. Stagwell and its affiliates are expected to hold approximately 79% of the common equity of the combined company after closing.

If you are a MDCA investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

RealPage, Inc. (Nasdaq: RP)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of RP to Thoma Bravo for $88.75 per share.

If you are a RP investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

SMTC Corporation (NASDAQ: SMTX)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of SMTX to an affiliate of H.I.G. Capital for $6.044 per share in cash.

If you are a SMTX investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

TC PipeLines, LP (NYSE: TCP)

Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of TCP to TRP for 0.70 TRP common shares per unit.

If you are a investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].

ATTORNEY ADVERTISING.© 2021 Lifshitz Law Firm, P.C.  The law firm responsible for this advertisement is Lifshitz Law Firm, P.C., 821 Franklin Avenue, Suite 209, Garden City, New York 11530, Tel: (516)493-9780.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.
Lifshitz Law Firm, P.C.
Phone:  516-493-9780
Facsimile: 516-280-7376
Email: [email protected]

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American Express Malaysia on building a culture of transparency and trust through colleague experience

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KUALA LUMPUR, MALAYSIA – Media OutReach – 13 January 2021 – In a new normal that is constantly changing and transforming, people are at the heart of an organization’s continuity and success more than ever before. Events of the past year have shown how critical engaging employee experiences are in driving performance as organizations dug deep to draw strength, inspiration and ideas. 

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Helping organizations to put their people at the center of performance is Kincentric, a Spencer Stuart company with a unique approach to human capital. With decades of expertise in culture and engagement, leadership assessment and development, and HR and talent advisory services, Kincentric helps organizations to be the best in the business through the Kincentric Best Employers program.

 

Kincentric Best Employers is a leading employer benchmarking program which measures and recognizes extraordinary employers who demonstrate workplace excellence. For 20 years, the Kincentric Best Employers program has recognized leading employers across the world who are committed to realizing great workplace experiences with the Kincentric Best Employers certification, backed by over 50 years of employee research and a global database of over 15 million employees. Selected by an independent panel of judges, these organizations are leading the way in aspects that are crucial for success — employee engagement, agility, engaging leadership and talent focus.  

 

This year, five organizations were awarded the Kincentric Best Employers in Malaysia, selected by a 3-person judging panel composed of industry-leading HR professionals.

 

Reflecting on Kincentric Best Employers in Malaysia 2020, judge Dato’ Tharuma Rajah who is also founder and CEO of Garage Analytics commented how “the recent pandemic has proven with empirical evidence that employee engagement is critical during tough times. The ‘X’ factor is senior leadership and people managers who create the motivational energy that compels employees to action even when they are working remotely. We have seen how various companies have done engagement practices in a very innovative and creative manner which had a positive impact on their business results.”  

 

Standing ‘head and shoulders’ above the rest in this year’s program is Kincentric Best of the Best Employer in Malaysia 2020, American Express Malaysia. The global services company was also inducted into Kincentric Best Employers in Malaysia Hall of Fame, after winning the Best Employer in Malaysia for the 10th consecutive year.

 

“We first joined Kincentric Best Employers program in 2005 as we were interested in the program structure and learnings it could offer. Through the years, this program has not only helped us gain valuable insight into how colleagues feel about our people practices, it has also helped us acquire external perspective through knowledge sharing and best practices. Being included in Kincentric Best Employers in Malaysia Hall of Fame is an incredible validation of our relationship with our colleagues,” said Ryan Lai, Vice President and General Manager of American Express Malaysia.

 

American Express won Kincentric Best of the Best Employer in Malaysia 2020 by delivering an exceptional people-centric experience through three key areas — trust, open communication and top team alignment.

 

Lai says, “Our first focus and priority was ensuring our colleagues felt safe and had the flexibility and resources they needed at home to continue delivering world class services to our customers.”

 

When we moved to work from home arrangements, we introduced an initiative called business leave, to allow colleagues to take paid time off without having to use their annual leave when they had valid reasons at home that prevented time from being able to work, such as needing to care for their children or parents’ needs until end of 2020. For colleagues who had their work or job scope impacted by the pandemic, we reallocated them to other business areas to keep them motivated, engaged and invested in delivering their best,” said Anjum Ghaffar, Director Human Resources, Market Head Malaysia.

 

Recognizing the importance of a health and wellness culture from the start of the pandemic, American Express Malaysia embarked on three key initiatives beginning with the launch of a telehealth service called CareClix for colleagues and their immediate family members. Available 24 hours a day, 7 days a week for free, colleagues and their loved ones could consult doctors and access expert medical care via phone, video chat or a mobile app from the comfort of their homes.

 

The company also provided a one-year complimentary subscription for Calm, a mental fitness app that provides motivational podcasts, stories and soothing music designed to help manage stress, experience better sleep and reduce anxiety. The app completed other dedicated wellbeing activities such as mental wellbeing sessions, virtual meditation and virtual yoga. Helping to alleviate medical concerns, colleagues and their enrolled dependents were also provided with enhanced Covid-19 medical coverage covering testing, hospitalization and death benefits at no additional cost to them.   

 

With a young workforce composed of mostly millennials, American Express also found many of them faced difficulties especially during the lockdown and with transition to working from home. Having never experienced a crisis in their professional life, inherent stresses and anxiety from being isolated had a greater impact on younger colleagues.

 

“We recognized that we needed to support each other, so we quickly mobilized ourselves into action. Communication was a key part of our support and wellbeing strategy, and we knew we had to do so not only frequently but meaningfully,” explained Lai.

 

Despite having achieved so much the past 10 years, American Express is not resting on its laurels. The company expects a hybrid working model will be the next big change for employee engagement and is already looking at how to better connect colleagues with corporate culture in a virtual world.

 

Lai concludes, “We are beyond honored to be recognized as the ‘Best of the Best’ by Kincentric Best Employers 2020, particularly in a year of unpredicted changes that tested our ability to adapt and brave new ways of working together. As a company that believes in the powerful backing of our people for progress, we believe that this success is a true testament of the positive work culture and a holistic employee experience that we continuously strive to build upon. We dedicate this win to all Amex colleagues in Malaysia — which motivates us to continue building a great, diverse place to work and thrive in with opportunities to learn and grow both professionally and personally. I truly believe that when we strive to become better than we are, everything around us becomes better too.”

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