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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether.

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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. Because of the pandemic, he said, younger people have begun investing, seeing the market downturns as an opportunity.

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Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. But the fintech market has rebounded. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck.

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Mortgage Lender LoanDepot Looks Toward $15B IPO

PYMNTS

We continue to evaluate capital options and are excited about our industry position,” CEO Anthony Hsieh told Bloomberg. In the company blog at the time, Hsieh said the recent volatility in the stock market, citing rivals LendingClub Corp.

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Fed Regulators Eye SMB Lending

PYMNTS

The online lending landscape may get rockier as federal regulators are eyeing whether to bolster their oversight on loans extended to small businesses. The focus of these lenders has been to extend capital to small businesses and startups, and those players have maintained that more regulations could hurt business.

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Cash App Drives Square Strong Q2 Results

PYMNTS

4) night after the San Francisco-based financial services company posted better-than-expected quarterly results for its mobile payment app. Analysts at Refinitiv, the London-based global provider of financial market data, had predicted a 5 cent loss. Square saw its shares skyrocket Tuesday (Aug. CNBC reported the company had $1.92

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Today In Payments: Stimulus, Vaccine Key To Full Recovery By End Of 2021; Chinese Watchdog Warns More Big Tech Rules Looming

PYMNTS

Plus, online lending startup SoFi is looking to go public through a SPAC. Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company to debut on the stock market. Capital One Halts BNPL Transactions On Its Credit Cards.