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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank.

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Ivalua Secures $70M In Funding From KKR

PYMNTS

Silicon Valley- and Paris-based Ivalua, a spend management software company, has secured growth equity minority funding from KKR, a leading global investor. According to a press release , the funding will be used by Ivalua to realize its ambition of becoming the global leader in the spend management market.

Security 100
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Prescription Drug Discounter GoodRx Launches IPO

PYMNTS

“Lack of affordability in healthcare is a contributing reason why 20 percent to 30 percent of prescriptions are left at the pharmacy counter,” the company wrote in its filing with the Securities and Exchange Commission. Founded in 2011, GoodRx gathers drug prices on more than 70,000 U.S. technology private equity firm, invested in it.

Capital 168
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Keeping Subscription Boxes Secure From STEM To Stern

PYMNTS

Box-of-the-month services constantly struggle to secure their payment processes and remain a step ahead of bad actors. KiwiCo , a monthly science, technology, engineering, and math (STEM) subscription box for children, is improving its security practices by partnering with third-party providers.

Security 108
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FFIEC issues updated guidance on authentication and access

CFPB Monitor

The Guidance is intended to provide financial institutions with examples of effective risk management principles and practices for access and authentication. Layered security controls. Multi-factor authentication as part of layered security. Monitoring, activity logging, and reporting processes and controls.

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komgo Acquires Digital Platform TRAFEC

PYMNTS

It’s been live since 2011, and had almost “100 corporates in production as of December” of last year, the release said. . TRAFEC also has a clear audit track, and approaches managing exchanges in a standardized way to make it easier to facilitate trade finance operations. .

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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

Noto’s remarks came on the same day as the announcement of “ Samsung Money by SoFi ,” the new mobile-focused money management product SoFi is offering in partnership with Samsung Electronics America Inc. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials. It will be available to U.S.

Samsung 131