Latest news with #ImpactFinance
Finextra
31-07-2025
- Business
- Finextra
Doconomy arrives on Temenos Exchange
Doconomy, a leading impact fintech company providing banks with innovative tools to drive financial wellbeing and sustainability worldwide, today announced that their product Impact Finance is available on the Temenos Exchange partner ecosystem of solution providers. 0 Impact Finance is an out-of-the-box UX solution steeped in behavioral science concepts that allows banks to maximize benefits of their core banking technologies to drive both digital product revenues and customer financial wellbeing. The platform is highly customizable for rapid implementation and seamless integration into retail banks' digital channels. By offering an engaging and gamified digital experience, including the ability for customers to create shared group goals, Impact Finance serves as an ideal organic acquisition channel, effectively attracting new customers. It enables end users to share their dreams with their bank and discover easy ways to make them come true by saving, investing or being offered other banking products that speak to their individual needs. Leveraging the power of Temenos' Core Banking and Payments solutions, and easily embedded in the bank's digital platforms, Impact Finance allows banks to maximise returns from their current infrastructure, supporting their end customers financial wellbeing, while increasing engagement, loyalty and profitability towards a stronger customer-bank digital relationship. On the Temenos Exchange, Doconomy joins a selection of curated and assessed solution providers that help banks innovate faster. Monty Bhatia, EVP, Global Alliances and Partner Ecosystem, Temenos, said: 'We are excited to welcome Doconomy to Temenos Exchange, making their Impact Finance solution readily available to banks globally running on our platform. Temenos Exchange partners deliver innovative complementary solutions, empowering our customers to enhance their services while reducing development costs.' 'We are delighted to be part of Temenos Exchange, joining a vibrant community of innovators dedicated to accelerating innovation in the retail banking sector. The availability of Doconomy's Impact Finance on this platform allows financial institutions to leverage years of behavioral science research, proven methodologies, and battle-tested solutions. It's designed to empower retail banks to maximize their core banking technologies while supporting their customers' financial wellbeing needs and sustainability preferences,' said Mathias Wikström, Chief Executive Officer at Doconomy. Impact Finance not only allows banks to drive deposits, investments and other digital banking products while supporting their customers' financial expectations and dreams but also has a meaningful impact in terms of sustainability, engagement and loyalty. Banks are able to shape the Impact Finance solution to fit different demographics and engagement levels spanning from save goals to green investments.
Associated Press
26-02-2025
- Business
- Associated Press
Film Tax Credits Boost Local Economies, Opportunities for Clients
Originally published on U.S. Bank company blog It's awards season and that means movie fans are trying to see all the nominees and predict who is going to win. A little-known fact is that U.S. Bancorp Impact Finance, best known for its work in affordable housing and environmental finance, plays a role in helping to finance some of the films we see. In the 2000s, when iPods, reality television and movie streaming were rising in popularity, Impact Finance closed on its first film tax credit deal. To date, the U.S. Bank subsidiary has purchased $433 million in film credits involving 244 different productions in 15 different states. 'It's remarkable how much this aspect of our business has grown as states and communities across the country have embraced the economic benefits of film production,' said Robert Espeland, Impact Finance senior vice president of State Tax Credits. The Impact Finance role begins after a production company, network or studio contacts a state's film office with a potential project and applies for tax credits that will be certified before the project goes into production. Once the tax credits are awarded, the applicant commits to spending within the state on qualified expenditures such as labor, rentals, food, hotels, etc. Once the project is complete and the state has issued the credits, Impact Finance purchases the credits from the film company. 'By U.S. Bank being a part of these transactions, we support economic development across the country,' Espeland said. 'Additionally, it allows us to interconnect business lines across the bank and the clients we serve.' State governments typically offer film tax credits because they generate spending and jobs in their jurisdiction, Espeland said. The film and TV production industry is a multibillion-dollar business in the U.S., and incentives give states a tool to attract production and spending. A few of the states where U.S. Bank has been involved with numerous productions include California, Georgia, Illinois, Minnesota and Montana. Melodie Bahan started in 2017 as executive director of the non-profit that preceded Explore Minnesota Film, where she's currently deputy director. Since 2022 in Minnesota, Impact Finance has purchased $4.05 million in tax credits from 11 different productions, and Bahan has worked with U.S. Bank on multiple occasions. 'The goal of our program is to benefit Minnesota, so we love that U.S. Bank is a Minnesota-based company,' she said. 'When a financial institution understands what we do, wants to help and support us – that's a win for everyone.' 'From the talent to the producers to the lighting and makeup experts to the caterers and everyone in between, 'a lot of jobs are created locally to bring one production to life.' - Robert Espeland, Impact Finance senior vice president of State Tax Credits Espeland said it's an honor to work with production companies on these films and then watch them come to fruition. 'To see them come together from the early phases is unique because many of the films, for example, start with a working title that later morphs into something else,' he said. 'I've enjoyed the opportunity to visit film sets and am always amazed at the number of people involved, from the talent to the producers to the lighting and makeup experts to the caterers and everyone in between. A lot of jobs are created locally to bring one production to life.'
