Bank of America is pleased to officially launch its impact accelerator program named Bank of America Breakthrough Lab with the call for applications for the September 2023 cohort.
Category: Corporate Member News and Testimonials
Loop Capital Makes History as Joint Bookrunner on $600 Million Allstate Preferred Stock Offering
According to Allstate, Loop Capital’s deed with one of the nation’s largest insurers marks the first time a diverse-owned business enterprise has acted as a joint book-runner on a preferred stock issuance.
Apply for Participation in Peapod’s Third Supplier Diversity Matchmaking Program of 2023 in Partnership with ECRM and RangeMe
Applications for PDL’s third Supplier Diversity Matchmaking program of 2023 is officially open! They have partnered with ECRM and RangeMe to connect businesses from individuals or groups that have been historically underrepresented or underserved with the companies of Ahold Delhaize USA.
Georgia State and Georgia Fintech Academy Faculty Will Teach Six-Week Banking and Fintech Supplier Development Course on Behalf of Fiserv and Synchrony
ATLANTA – A first-of-its-kind supplier development program launched by Fiserv, a leading global provider of payments and financial services technology, and Synchrony, a premier consumer financial services company, will help prepare businesses to become part of the booming financial services ecosystem. Fiserv and Synchrony partnered with Georgia State University’s J. Mack Robinson College of Business and the Georgia Fintech Academy to develop the curriculum, and their faculty will teach the program. The virtual, six-week course is designed to increase participants’ knowledge of banking and fintech and provide practical insights for suppliers wanting to conduct business with companies in these industries.
“Banking and Fintech for Diverse Suppliers” is for sales leaders, practice leaders, executives, and owners of diverse-owned enterprises, including businesses primarily owned or controlled by historically underrepresented groups including racial or ethnic minorities, women, LGBTQ+, disabled, and veteran populations. Applications are currently open for the inaugural course cohort, at fiserv.com/supplierimpactprograms and syf.com/dsfp with a start date of June 26.
The course will provide participants with applied knowledge of banking concepts and a foundational understanding of fintech to increase the pool of contract-ready, diverse suppliers prepared to serve the financial services sector. Businesses that complete the course successfully may receive a company-level diverse supplier certification/recertification with a third-party certifier in their region.
“While the opportunity is substantial, it is challenging for businesses to become suppliers to banks and fintechs due to the highly specialized nature of these industries,” said Stephen Coogan, Head of Procurement at Fiserv. “We’re launching this program in partnership with Georgia State University, the Georgia Fintech Academy and Synchrony in an intentional effort to enhance supplier sustainability. Equipping potential suppliers with greater knowledge about these industries breaks down barriers and increases opportunities to engage with corporations and scale supplier revenues while growing the financial services and technology ecosystem.”
“Our collaboration with Georgia State University, the Georgia Fintech Academy, and Fiserv will provide resources and expertise to help advance diverse businesses and build their understanding of the financial services industry,” said Kevin Oakes, Chief Procurement Officer at Synchrony. “Equity, diversity and inclusion are part of our culture and critical to Synchrony’s success. We are committed to developing relationships with diverse suppliers and creating opportunities in the communities where we live, work and serve.”
“We are delighted to partner with Fiserv and Synchrony to bring this innovative program to market. In addition to aligning with Georgia State’s focus on providing educational opportunities to learners of all backgrounds, the program further cements the region’s leadership in fintech,” said Brian Jennings, senior associate dean for graduate and non-degree programs.
Learn more about “Banking and Fintech for Diverse Suppliers” at https://fiserv.com/supplierimpactprograms and http://www.syf.com/dsfp.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow us on social media for more information and the latest company news.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our “partners.” We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com and Twitter: @Synchrony.
BP Expands Mobility and Convenience Network Completing the Purchase of Leading Travel Center Operator, TravelCenters of America
Today BP Products North America Inc. completed its $1.3 billion acquisition of TravelCenters of America Inc., one of the country’s leading full-service travel center operators, marking a milestone for the US in the growth of bp’s strategic convenience and mobility business and welcoming thousands of additional employees into BP.
Join The Container Store’s Diverse Supplier Summit & Expo on June 5
The Container Store will host its inaugural Diverse Supplier Summit & Expo on Monday, June 5. The Diverse Supplier Summit is a key component of its supplier diversity program as it gives small and certified diverse-owned businesses an opportunity to showcase their product and service offerings.
The Container Store is extending this exclusive invitation to businesses certified through NMSDC. This opportunity is available to certified companies that meet the following criteria.
- Must hold a current small business or diverse-owned certification(s) from one of the following entitites:
- U.S. Small Business Administration (SBA)
- National Minority Supplier Development Council (NMSDC)
- Women’s Business Enterprise National Council (WBENC)
- Disability:In
- National Veteran-Owned Business Association (NaVOBA)
- U.S. Pan Asian American Chamber of Commerce (USPAACC)
- National LGBT Chamber of Commerce (NGLCC)
- Other federal, regional, and state certifying agencies.
- Must offer a product, service, or solution in at least one of the following categories:
- Bath – countertop collections, candles, diffusers, and bath consumables (lotions/soaps/etc).
- Closet and Laundry – jewelry and accessory storage, decorative closet bins and boxes (artisan), shoe storage, and boutique laundry consumables.
- Gift Packaging – party supplies and tableware (disposable, reusable, and/or sustainable).
- Kitchen – glass food storage, coffee and tea items, and freezer solutions.
- Office – cool multifunctional tech items, modern desktop items, task lamps, label makers and machines, desk chairs and desks, and communication boards (functional but decorative).
- Storage – decorative and utilitarian storage, toy storage, baby blankets, kids’ baskets, and bins.
- Towers – games (travel size), giftable, and seasonal products (e.g. themed items and party supplies).
- Travel – Travel essentials (bag tags, pillows, blankets, eye masks), and travel pouches.
Interested businesses must complete the registration form by May 5. Businesses selected to attend will be notified by May 8 and must confirm attendance no later than May 12.
Apply for the Fall Cohort of Goldman Sachs’ One Million Black Women: Black in Business Program
Applications for the fall cohort of Goldman Sachs’ One Million Black Women: Black in Business program are now open. This free business education program is dedicated to reaching Black women entrepreneurs with the tools necessary to turn their business potential into business growth.
Apple Impact Accelerator: Open to Environmental Solution and Service Providers
Apple is currently accepting applications for its 2023 Impact Accelerator, a program for Black-, Hispanic / Latinx-, and Indigenous-owned businesses developing next-generation innovations in clean energy and green technologies.
Zooming In: Using Local Insights to Inform US Racial-equity Efforts
Neighborhood-level data could help cities across the United States strategically craft interventions to effect real change for Black and Hispanic residents.
Fulton Bank Invests $1 Million in Fund for Minority- and Women-Owned Businesses
As part of its Commercial Affinity Banking program, Fulton Bank has invested $1 million in Innovate Capital Growth Fund, L.P., which provides capital and operational expertise to enable minority- and women-owned businesses to grow.