Latest news with #JohnStevens
Web Release
24-07-2025
- Business
- Web Release
Bank of Africa Group Launches Working Capital Platform on Kyriba for 20-Country Network
Kyriba, a global leader in liquidity performance, today announces its collaboration with the Bank of Africa Group. Bank of Africa, one of the largest Pan-African banking groups, has completed the implementation of Kyriba's Working Capital platform to deliver enhanced digitized supply chain finance capabilities across its extensive network serving 20 African countries. The first phase of the project facilitates working capital management for The Group's customers in Morocco with plans to expand to other markets. Bank of Africa has onboarded its first customer, with the aim to bring on several new customers in 2025. This collaboration underscores Kyriba's continued growth in the region and globally, as well as its unmatched receivables and payables finance solutions, dynamic discounting and supplier onboarding. Kyriba's expertise and platform will enable Bank of Africa Group's customers to enhance cash flow, strengthen supplier relationships, and maintain sustainable growth amid economic uncertainties. 'Bank of Africa Group's adoption of Kyriba's Working Capital solution demonstrates their commitment to innovation and underscores our ability to meet the complex needs of financial institutions in today's complex and volatile global economy. As the industry evolves, banks that embrace digitization and automation will be best positioned to lead—modernizing operations, gaining real-time visibility, and delivering more value to clients. Together, we look forward to setting a new standard for innovation and efficiency in African supply chain finance,' said John Stevens, Kyriba's Global Head of Capital Markets, Financial Institutions & Working Capital. Kyriba has also seen incredible growth in the volume of working capital financing among both banks and corporates, growing nearly 5X since 2020 and more than doubling the number of invoices uploaded to the platform. This surge highlights the increasing focus on unlocking trapped liquidity and mitigating market volatility through working capital solutions, which can unlock cash flow by accelerating payables and accessing receivables. With over 6,500 employees and a legacy spanning more than a century, Bank of Africa Group is a key financial enabler empowering businesses and enhancing economic opportunities in Africa. 'Kyriba stood out to us for its local expertise, customer-centric approach, comprehensive product offerings, and proven impact delivering working capital efficiency to customers across the continent and world. We are excited to work with Kyriba to unlock new levels of financial insights that can help us optimize working capital and achieve operational success,' said Adil Lahbichi, Executive Director – Global Transaction Banking, Bank of Africa Group. The African supply chain market is poised for rapid growth, driven by increasing demand for working capital optimization. Bank of Africa Group's implementation of Kyriba's platform demonstrates the immense potential for digitized working capital solutions across the region.
Business Wire
23-07-2025
- Business
- Business Wire
Bank of Africa Group Launches Working Capital Platform on Kyriba for 20-Country Network
DUBAI, United Arab Emirates--(BUSINESS WIRE)-- Kyriba, a global leader in liquidity performance, today announces its collaboration with the Bank of Africa Group. Bank of Africa, one of the largest Pan-African banking groups, has completed the implementation of Kyriba's Working Capital platform to deliver enhanced digitized supply chain finance capabilities across its extensive network serving 20 African countries. Bank of Africa has completed the implementation of Kyriba's Working Capital platform to deliver enhanced digitized supply chain finance capabilities across its extensive network serving 20 African countries. Share The first phase of the project facilitates working capital management for The Group's customers in Morocco with plans to expand to other markets. Bank of Africa has onboarded its first customer, with the aim to bring on several new customers in 2025. This collaboration underscores Kyriba's continued growth in the region and globally, as well as its unmatched receivables and payables finance solutions, dynamic discounting and supplier onboarding. Kyriba's expertise and platform will enable Bank of Africa Group's customers to enhance cash flow, strengthen supplier relationships, and maintain sustainable growth amid economic uncertainties. 'Bank of Africa Group's adoption of Kyriba's Working Capital solution demonstrates their commitment to innovation and underscores our ability to meet the complex needs of financial institutions in today's complex and volatile global economy. As the industry evolves, banks that embrace digitization and automation will be best positioned to lead—modernizing operations, gaining real-time visibility, and delivering more value to clients. Together, we look forward to setting a new standard for innovation and efficiency in African supply chain finance," said John Stevens, Kyriba's Global Head of Capital Markets, Financial Institutions & Working Capital. Kyriba has also seen incredible growth in the volume of working capital financing among both banks and corporates, growing nearly 5X since 2020 and more than doubling the number of invoices uploaded to the platform. This surge highlights the increasing focus on unlocking trapped liquidity and mitigating market volatility through working capital solutions, which can unlock cash flow by accelerating payables and accessing receivables. With over 6,500 employees and a legacy spanning more than a century, Bank of Africa Group is a key financial enabler empowering businesses and enhancing economic opportunities in Africa. 'Kyriba stood out to us for its local expertise, customer-centric approach, comprehensive product offerings, and proven impact delivering working capital efficiency to customers across the continent and world. We are excited to work with Kyriba to unlock new levels of financial insights that can help us optimize working capital and achieve operational success,' said Adil Lahbichi, Executive Director – Global Transaction Banking, Bank of Africa Group. The African supply chain market is poised for rapid growth, driven by increasing demand for working capital optimization. Bank of Africa Group's implementation of Kyriba's platform demonstrates the immense potential for digitized working capital solutions across the region. About Kyriba Kyriba is the global leader in liquidity performance, empowering CFOs, Treasurers and IT leaders to connect, protect, forecast and optimize their liquidity amid economic complexity. As a secure and scalable SaaS solution trusted by 3,000 customers, Kyriba delivers intelligence and financial automation through innovative technologies — including its trusted agentic AI (TAI) — bringing precision, efficiency, and insight to financial operations. With an expansive ecosystem of banking, technology and consulting partners, Kyriba's platform powers more than 3 billion bank transactions and $15 trillion in payments across 9,900+ banks annually – helping companies gain enterprise-wide visibility, ensure financial stability, and outperform their business strategy. About Bank of Africa Group BANK OF AFRICA is a multinational and multi-trade banking group. It was incorporated by Royal Dahir in 1959 under the name of Banque Marocaine du Commerce Extérieur, and has been transformed over more than 60 years to become BANK OF AFRICA since 2020, a universal bank that puts its expertise at the service of innovation, progress and excellence. Thanks to its large banking network on the continent and its international influence, BANK OF AFRICA is determined to take part in the emergence of Africa to make it the continent of the 21st century. Present in 32 countries across Africa, Europe, Asia and North America, BANK OF AFRICA has one of the leading banking groups in Africa, with nearly 2,000 branches. It serves 6.6 million customers worldwide and positions itself as a key economic bridge between Africa and the rest of the world.
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Wells Fargo Boosts Chicago Technology Banking Team with Investment in Talent
Wells Fargo Technology Banking has expanded its Chicago-based team with two key hires, reinforcing the bank's long-term commitment to innovation and growth in commercial banking for the tech sector. This expansion represents the largest investment in talent since the group's inception 25 years ago. This press release features multimedia. View the full release here: Kyle Duhon joins from J.P. Morgan Chase as a banker focused on scaling growth-stage technology companies. He will collaborate with Neuman Osman and Kristina Connolly, who support a wide range of tech clients—from emerging startups to publicly traded firms—with comprehensive financial solutions. John Stevens steps into the newly created role of National Division Sales Executive, where he will lead coast-to-coast sales strategy. His appointment reflects the sector's continued momentum, driven by increased IT spending, AI investment, and a renewed focus on innovation. John also joins from J.P. Morgan Chase. 'Wells Fargo's Technology Banking division has supported thousands of tech companies for more than two decades. This latest investment signals our intention to continue focusing on growth, innovation, and client success,' said Tom Harper, Wells Fargo Technology Banking Division Executive, and leader of the national team. Chicago: A Strategic Growth Hub Matt Servatius, Market Executive and Central Practice Leader, covering states across the Midwest through Mountain and Texas geographies, emphasized Chicago's pivotal role in the division's expansion strategy: 'Chicago's tech ecosystem is thriving. Innovators are increasingly seeking financial companies who understand their unique needs. Wells Fargo offers a robust platform deeply connected to both local and national tech communities, and we are excited to welcome Kyle and John and remain committed to adding top talent in Chicago.' Making Waves in Chicagoland This expansion aligns with Wells Fargo's broader commitment to the region. This includes doubling the size of its Commercial Banking sales team, increasing the number of retail banking centers, and supporting community development through philanthropy and real estate financing for multifamily and affordable housing. Additionally, recent initiatives to help scale small business growth in the community include the Wells Fargo Innovation Incubator, which recognized Evergreen Climate Innovations, a Chicago-based organization, as a 2025 IN2 Strategic Award Winner. The Wells Fargo Innovation Incubator (IN2) provides funding to develop a catalytic investment model for early-stage technologies. 'Since Evergreen's early days, Wells Fargo has been a long-time contributor and supporter of our mission to serve climate tech founders across the Midwest. We're thrilled to see this key Financial Institution continue to invest in the innovation ecosystem of Chicago,' said Michelle Carr, CEO of Evergreen Climate Innovations. Wells Fargo also recently launched the Open for Business Growth program in Chicagoland, including a $2.5 million grant to Allies for Community Business, a nonprofit supporting local entrepreneurs with capital, coaching, and connections. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune's 2024 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories. About Wells Fargo's Technology Banking Group As part of the Commercial Banking division, Wells Fargo's Technology Banking Group has delivered specialized insights and recommendations to technology companies for more than 25 years. The team provides scalable support to clients in all stages of the business lifecycle – early, growth, and maturity – and combines industry experience with the strength and resources of one of the largest U.S. commercial banks. Primary subsector focus includes Software, Fintech, E-commerce, Semiconductor, Business & Technology Services, and Sustainable Tech. See more insights and perspectives from .
Fox News
17-06-2025
- Politics
- Fox News
Two Revolutionary War letters are reunited at Fort Ticonderoga after 250 years apart
Two Revolutionary War letters were recently brought together at a museum in upstate New York, exactly 250 years after they were written. Fort Ticonderoga in Essex County, near Lake Champlain, announced the reunion of the letters in a May 21 statement. The fort was the setting of several battles during the American Revolution and the French and Indian War. The then-British fortress was famously captured by Ethan Allen and Benedict Arnold in May 1775, marking a pivotal moment in the early stages of the Revolutionary War. The letters by Arnold and his correspondent John Stevens were written after the historic event. In his May 17 letter, Arnold informed Stevens that he had crossed paths with Allen, who had just led a raid on the British-controlled Fort St. Jean (or John) in Québec. "Col. Allen & his party is just arrived from St. Johns, when they were attacked," Arnold's letter read. "[And they] were obliged to make a precipitate retreat … They have returned without provision & much fatigued." In his reply, Stevens wrote that more provisions were on the way to support American forces, despite difficulties with enlistments. "He had helped capture Fort Ticonderoga, and had already sailed north and attacked another British post at St. Jean in Québec." "[T]he City of Albany and Country are sending in provisions continually … I am informed there is a great quantity more coming from different parts of the country," he wrote. Speaking to Fox News Digital, Fort Ticonderoga curator Matthew Keagle stressed that the letters were written long before Arnold famously defected to the British. "At the time these letters were written, Arnold was less than two weeks into consolidating control over Ticonderoga and Crown Point," the historian noted. "He had helped capture Fort Ticonderoga, and had already sailed north and attacked another British post at St. Jean in Québec, capturing more redcoats and the only British sloop on Lake Champlain." Keagle also noted the rivalry between Arnold and Allen. Although Allen commanded the mighty Green Mountain Boys militia during the expedition, Arnold was the only one with official government authorization from the Massachusetts Committee of Safety. "This was a tense alliance, and it collapsed the day after the capture [of Fort Ticonderoga]," Keagle said. "Arnold tried to assert control over what he saw as unruly pilfering of the garrison's supplies and a lack of discipline and preparations." He added, "His departure to attack St. Jean got him away, and he and Allen did not serve together again." And who exactly was Stevens, Arnold's less-famous correspondent? Keagle said that while Stevens "is not a familiar name," he played an active role in the fight for independence. "After Fort Ticonderoga was taken, Stevens came to Fort George at the southern end of Lake George, and commanded the forces there through July 1775," Keagle noted. "He was later commissioned as a captain in a Connecticut regiment and was captured by the British at the Battle of the Cedars in May of 1776 in Canada." The Arnold letter was recently given to the museum in memory of a former trustee. Interestingly, the letters have not been this physically close together since Stevens wrote his response to Arnold's letter in May 1775. Stevens' letter has been in the possession of Fort Ticonderoga for decades, but the Arnold letter was recently given to the museum in memory of former trustee George M. Jones. Rather than being on display in an exhibit, the letters are part of the "Ticonderoga's Treasures of 1775" experience; Keagle is bringing guests face-to-face with original documents and artifacts from Ticonderoga's collections. The recently unified letters reflect the significant role that New York state played during the American Revolution. In a similar venture, the New York State Museum recently began displaying a Revolutionary War-era ship at its Albany headquarters, around 100 miles south of Ticonderoga.
Yahoo
09-04-2025
- Business
- Yahoo
Bill shielding chemical companies from civil lawsuits shelved for 2025
NASHVILLE, Tenn. (WKRN) — A bill that would shield pesticide companies from civil liability has been punted to next year by the Senate. The controversial bill by Sen. John Stevens (R-Huntingdon) and Rep. Rusty Grills (R-Newbern) would prohibit people from filing civil suits against chemical companies if they are diagnosed with cancer caused by their products. PREVIOUS: Bill that could protect pesticide companies from lawsuits over labels progresses in House, Senate committees The products in question are primarily used by farmers to boost crop yields. Supporters of the measure argued the products come with warning labels already approved by the Environmental Protection Agency. Chemical giant Bayer-Monsanto has advocated for the measure in several states, including Tennessee. The state Senate approved the measure on a mostly party-line vote on April 3, though two Republicans opted to vote 'present' rather than for or against the measure. Representatives debated the bill in the House Judiciary Committee before ultimately punting the measure to the Second Calendar of 2026. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
