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Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. Read More.

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FIs Embrace FinTech Options To Bolster Business Banking

PYMNTS

City National Bank, Extend Pair On Virtual Cards. To launch its new virtual commercial card offering, City National Bank is working with FinTech Extend, the companies recently revealed. Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasury management offering.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. We see interest grow when we launch in new markets — 161 to date — and when we launch new Car Vending Machines (currently in 24 cities); our most recent being Miami,” said Keeton.

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A digital-first bank for south Florida

Independent Banker

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. By Ed Avis. Methodology.

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Retail’s Small Business Crisis

PYMNTS

The percentage of sales lost by those physical store franchises can be seen not only in the pretty charts and graphs that we produce and share on a regular basis but the ongoing drumbeat of the national and regional store closings for those brands that can no longer keep up. And just like every other industry, there’s concentration.

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