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Abrigo CEO Wayne Roberts announces retirement

Abrigo

Abrigo announced the retirement of Chief Executive Officer Wayne Roberts and the company’s search for its next CEO. . In addition to dedicating himself to growing the company over the past 6 years, Wayne served as the primary caregiver to his wife, Shannon, during her battle with glioblastoma brain cancer.

Texas 370
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UK BaaS Railsbank Closes $37M Funding Deal To Support US Growth

PYMNTS

We are thrilled to have the support of world-class investors who bring a highly strategic network to help us continue with the vision, with zero pivots, that Clive [Mitchell], my co-founder, and I started with in 2016,” Nigel Verdon , co-founder and chief executive officer (CEO) of Railsbank , said in a statement on Thursday (Nov.

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P&G Reports 50 Pct Jump In eCommerce Sales, Sees Lasting Shift To Online

PYMNTS

In announcing its fiscal second-quarter results, the Cincinnati-based consumer goods giant also credited its “constructive disruption” strategy for a 15 percent jump in earnings, which also allowed it to increase its full-year forecast. eCommerce Soars. Constructive Disruption.

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In a sea of tech companies, Sageworks rises to top award

Abrigo

Over the past few years, the Research Triangle area of North Carolina, where Sageworks is headquartered, has been named among the fastest-growing cities in the U.S., For the last five years, the WRAL TechWire Awards have recognized North Carolina's top tech executives and businesses.

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Bankers Are Caught in a Revenue Recession

Gonzobanker

In under three years, the 10-year bond yield has dropped nearly 200 basis points even as the economy opened back up in 2021. 54% in net interest margin in the past three years has hurt badly, essentially flat-lining revenue even as assets grew. Remind people that profit is the difference between revenue and expense.

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Postmates CEO Says Grubhub Stock Plunge Doesn’t Reflect Wider Industry

PYMNTS

Following Grubhub’s earnings report and stock plunge, the chief executive of a competing service said Grubhub ’s results do not reflect the potential of the wider food delivery business. Grubhub, however, has reportedly lost over half of its market value this year.

Industry 101
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Why The Pandemic Is A ‘Black Swan’ That Will Spur Payments M&A

PYMNTS

If you think again about the innovation over the last 10 years,” he told Webster, “the last place I would have said we would have seen all this innovation” would have been on the merchant side of commerce. “If The mergers and acquisitions, the deal-making, the funding and IPOs among payments players may be just getting started. to go public.

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