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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Here In The States.

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Nuro Raises $940M From SoftBank For Robotic Delivery

PYMNTS

In a press release , the company said that to date, it has raised more than $1 billion from SoftBank, Greylock Partners and Gaorong Capital. It also licensed its self-driving technology to Ike, an autonomous trucking company, and rolled out the first unmanned delivery service in Arizona. It will also bring on more employees.

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The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

It’s been a long two years since bankers and investment bankers nationwide made their annual pilgrimage to the Arizona desert for the Acquire or Be Acquired conference – and ohhh man, a completely different world has emerged since the January 2020 get-together! Let’s put COVID aside for a minute. price/book multiple.

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Stuck in the middle: Addressing the gap in senior housing with financial solutions.

PopularBank

And as soon-to-be retirees explore housing options in Florida, Arizona, the Carolinas and other popular retirement states, a higher cost of living and a shortage of middle-market senior housing are raising concerns for those ready to embark on a fixed income lifestyle. Consider strategic acquisition. appeared first on Blog Popular Bank.

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How Saudi Arabia Is Hedging Against An Oil-Less Future

CB Insights

As part of the plan, PIF is planning to reach $2T in assets under management by 2030, up from an estimated $250B currently. In September, PIF poured $1B into Lucid Motors, an EV manufacturer that had recently been struggling to raise enough capital to launch production for its first luxury EV, the Lucid Air.

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Banking's Total Return Top 5: 2016 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. billion in asset company headquartered in West Virginia, providing community banking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia. million on assets of $1.5

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Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

CB Insights

Voyage, a self-driving spinoff from education startup Udacity , open-sourced its autonomous driving safety technology following the fatal crashes of Uber’s self-driving car in Arizona and Tesla’s crash involving the Autopilot feature. Beyond Apollo: Baidu’s outside investments. In the US, Waymo and US-based startup Drive.ai

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