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GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. AMW Packaging will continue to operate out of its Phoenix, Arizona, location.

Industry 181
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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. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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Building Vendor Trust With Virtual Cards

PYMNTS

Such solutions help construction firms resolve balances while providing their business partners with crucial access to working capital. Virtual cards move payments quickly,” Phoenix said. “We Checks take longer to reach vendors,” Phoenix said. It’s for a particular vendor for a particular invoice,” Phoenix said.

Cards 116
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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. are acting as joint book-running managers for the offering. William Blair & Company, LLC, BMO Capital Markets Corp. and JMP Securities, LLC are acting as co-managers. “I Carvana Co.,

Nashville 128
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UPS Invests In Autonomous Driving Firm TuSimple

PYMNTS

Reuters is reporting that the world’s biggest package delivery company has a venture capital arm called UPS Ventures, and that the announcement underscores how much easier it is to develop self-driving technology for freight trucks rather than passenger cars. But the technology has a ton of implications today.”.

Tucson 100
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Collaboration: The New Competitive Weapon

Gonzobanker

For the most part, these channels are flooding executives with high-level “what” observations and doing nothing to help them make strategic “how” decisions or adopt new operating tactics. As bankers build bonds with peers through collaboration, they open up new opportunities to jointly invest capital in new ventures and strategies.

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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Nobody is quite sure which side this seesaw will land on.

Fintech 194