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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

Rush Street Interactive (RSI) said on Monday (July 27) that it will go public via a merger with dMY Technology Group , one of a new wave of special acquisition companies, or SPACs, backed by deep-pocketed investors, which hunt for tech unicorns or other promising startups to take public.

Online 142
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Thoma Bravo Plans To Acquire RealPage For $10.2 Billion

PYMNTS

RealPage, of Richardson, Texas, said it expects to continue operations with the same leadership team. “We Thoma Bravo, with more than $73 billion in assets under management, said that its investment strategy is focused on the software and technology services sectors.

Software 159
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Uber Launches Uber Works To Connect Workers To Gig Jobs

PYMNTS

The app is being tested in Chicago and will show available shifts companies are looking to fill with temporary workers. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. The deal is expected to close in January of 2020.

Chicago 139
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Visa Names Vasant Prabhu Vice Chairman

PYMNTS

Chief Financial Officer Vasant Prabhu will take on the vice chairman role for the global payments technology company. Prabhu served as chief financial officer at NBCUniversal Media, LLC prior to arriving at Visa, where he oversaw the company’s finance function in addition to its division for operations and technical services.

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Fed Names New Payments Security Leader

PYMNTS

Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Montgomery is taking up the position on the Secure Payments Task Force left open by Chicago Fed Senior Vice President Todd Aadland, who held the position since September 2015.

Security 112
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7 ways community banks can boost profitability

Independent Banker

Reiling adds that bank leadership needs to be bold enough to try things out and possibly fail, which is why Sunrise Banks implemented the 90-day check-in. A bank needs a team with diverse perspectives and unique abilities—technology, sales, lending and leadership—that is willing to work together at a heightened pace, he notes. “You

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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships.

Fintech 147