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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

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Russia’s Ozon eCommerce Firm Nets $50M To Grow Logistics

PYMNTS

San Francisco-based Princeville Capital has announced a $50 million investment in Russian online retailer Ozon, which is partly owned by the Russian-based conglomerate Sistema. Ozon , one of Russia’s largest online retailers, has been on a growth spurt over the last few years.

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Amazon Said To Have Interest In Buying Russian eCommerce Player Ozon

PYMNTS

are in talks with Sistema , one of the largest publicly traded companies in Russia, to purchase Ozon , the Russian online retailer, Reuters reported. We are satisfied with the unprecedented business growth rates demonstrated by Ozon in 2019,” Alexey Katkov, managing partner, said at the time. Amazon and SoftBank Corp.

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FinTech Affirm Raises $500M In Latest Funding Round

PYMNTS

Affirm , a San Francisco-based point-of-sale (POS), buy now, pay later (BNPL) lender, announced a $500 million series G round of funding Thursday (Sept. Other returning investors included Lightspeed Venture Partners, Wellington Management Co., 17) in a press release , bringing its total funding raised to more than $1.3

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Neiman Marcus Emerges From Chapter 11

PYMNTS

has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began, the Dallas-based company disclosed. We emerge from Chapter 11 as a stronger, more innovative retailer, brand partner and employer.”. Neiman Marcus Holding Company Inc.

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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback. The new store, which will be located at 30 Rockefeller Plaza, will feature multiple experiential retail components. The store will also offer magic shows and a grocery shopping experience designed for kids.

Retail 116
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12 Startups Showed Their Latest and Greatest at INV Fintech Demo Day

Bank Innovation

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.