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The Denodo Platform exposes data from sources, applies business rules for quality monitoring, and creates a proper interface that can be consumed by multiple downstream users.Chief Architect and Chief Data Officer
CIT Group is a $3.2B United States financial holding company, founded in 1908. CIT provides commercial financing, lending, leasing, and advisory services to small and middle market businesses to a wide variety of industries in the US.
When a bank becomes a systemically important financial institution (SIFI), failure is not an option. This is why the CIT Group, when it became a SIFI after acquiring a large retail bank, implemented the Denodo Platform.
Being a SIFI, CIT Group was subjected to stringent regulatory oversight, and needed to demonstrate that it could enable intercompany data transfers with a complete understanding of lineage from source to destination. The Denodo Platform enables CIT Group to quickly and easily integrate new data sources and facilitate the management and movement of data, all while maintaining end-to-end lineage reports.
By establishing a unified data services layer, the Denodo Platform ensures that everyone consumes data from a single source of the truth while reducing unnecessary data copies. The Denodo Platform enables faster time-to-market and incremental information delivery, ultimately maximizing the value that CIT Group realizes from its data.
Established a controlled data environment for strict regulatory compliance.
Created a data services layer with a single source of truth.
Enabled smart data governance through centralized policy enforcement.
Maximized the value of the company’s enterprise data assets.
On 09/23/2021 THE CIT GROUP/ COMMERCIAL SERVICES, INC filed a Contract - Debt Collection lawsuit against CALIFORNIA COMBINING CORPORATION. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. The Judge overseeing this case is SCOTT R. HERIN. The case status is Pending - Other Pending.
Contract - Debt Collection
THE CIT GROUP/ COMMERCIAL SERVICES INC.
CALIFORNIA COMBINING CORPORATION AKA CALIFORNIA COMBINING CORP. AKA CALIFORNIA COMBINING CORP DBA DECORATIONS EXP
Hearing09/29/2022 at 08:30 AM in Department A at 12720 Norwalk Blvd., Norwalk, CA 90650; Order to Show Cause Re: Failure to File Proof of Service and Failure to File Default Judgment Pursuant to CRC 3.740Read MoreRead Less
DocketProof of Personal Service; Filed by: The Cit Group/ Commercial Services, Inc., (Plaintiff); As to: California Combining Corporation (Defendant); Service Date: 11/30/2021; Service Cost Waived: NoRead MoreRead Less
DocketOrder to Show Cause Re: Failure to File Proof of Service and Failure to File Default Judgment Pursuant to CRC 3.740 scheduled for 09/29/2022 at 08:30 AM in Norwalk Courthouse at Department ARead MoreRead Less
DocketCase assigned to Hon. Scott R. Herin in Department A Norwalk CourthouseRead MoreRead Less
DocketComplaint; Filed by: The Cit Group/ Commercial Services, Inc., (Plaintiff); As to: California Combining Corporation (Defendant)Read MoreRead Less
DocketSummons on Complaint; Issued and Filed by: The Cit Group/ Commercial Services, Inc., (Plaintiff); As to: California Combining Corporation (Defendant)Read MoreRead Less
DocketCivil Case Cover Sheet; Filed by: The Cit Group/ Commercial Services, Inc., (Plaintiff); As to: California Combining Corporation (Defendant)Read MoreRead Less
DocketOrder to Show Cause Hearing/Trial Date (Cal. Rules of Court, rule 3.740); Filed by: ClerkRead MoreRead Less
DocketNotice of Case Assignment - Limited Civil Case; Filed by: ClerkRead MoreRead Less
DocketThe case is placed in special status of: Collections Case (CCP 3.740)Read MoreRead Less
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NEW YORK, Jan. 12, 2022 cit group commercial -- CIT, a division of First Citizens Bank, today announced that its Aerospace, Defense and Government business provided financing for seven leased helicopters managed by Thora Capital.
The helicopters, used for emergency medical transport services, are on long-term lease to Apollo Medflight, which provides emergency transport services on behalf of regional and community hospitals in six midwestern and southern states.
"The helicopters play a critical role in quickly and effectively transporting sick and injured patients to medical facilities with specific capabilities to treat their conditions," said Russell Christopher, Managing Director at Thora Capital. "We were pleased to leverage CIT's industry knowledge and expertise in this specialized sector to finance these assets."
"Thora Capital is well known throughout the industry as an experienced investor in cit group commercial and other specialized transportation assets," said John Heskin, managing director and group head for CIT's Aerospace, Defense and Government business. "We worked closely with them to understand their objectives and develop cit group commercial right financing cit group commercial to meet their needs."
CIT's Aerospace, Defense & Government Services group, part of the Commercial Finance division, provides integrated financial solutions for manufacturers, suppliers and service providers in the aerospace, defense, homeland security and government services markets.
CIT is a division of First Citizens Bank, the largest family-controlled bank in the United States, continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $100 billion in assets. The company's commercial banking segment brings a wide array of best-in-class lending, leasing and banking services to middle-market companies and small businesses from coast to coast. First Citizens also operates a nationwide direct bank and a network of more than 600 branches in 22 states, many in high-growth markets. Industry specialists bring a depth of expertise that helps businesses and individuals meet their specific goals at every stage of their financial journey. Discover more at cit.com/firstcitizens.
About Thora Capital
Thora Capital, LLC is an alternative asset manager dedicated to aviation finance. Its private equity vehicles focus on helicopter assets, with opportunistic capital deployment into fixed-wing and related financial instruments. Thora Capital combines a passion for research, data analysis and portfolio management seeking to maximize risk-adjusted returns for its investors.
John M. Moran
SOURCE CIT, a division of First Citizens Bank
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