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Silicon Valley Investor Aims To Create Tech Hub In Maine

PYMNTS

The city can’t hope to compete in every way with heavy-hitters like Boston, Seattle, San Francisco and Silicon Valley, which captured nine out of 10 jobs between 2005 and 2017. So it will have to go its own way with the new institute to be called the Roux Institute after Silicon Valley investor David Roux, its patron.

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Santander’s CRA rating upgraded to ‘outstanding’

American Banker

The Boston-based bank said the Office of the Comptroller of the Currency gave it the highest grade possible on its most recent Community Reinvestment Act examination. Santander had received a “needs to improve” grade in 2017 and had a “satisfactory” rating in 2018.

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Introducing Celent Model Bank 2017 Awards

Celent Banking

As my colleague Dan Latimore wrote in the article that began this series , 2017 was the best ever year so far for Celent Model Bank programme in terms of quantity, quality and diversity of nominations. Financial Inclusion – for efforts to bring financial services to unbanked and under-banker communities.

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Bitcoin Daily: Hdac, CertiK Partner For Blockchain-Powered IoT; Tezos Expected To Settle Securities Lawsuit With $25M Settlement

PYMNTS

The lawsuit involves Tezos’ 2017 initial coin offering (ICO), which was seen as a form of illegal securities offering. The lawsuit goes back to October 2017, when Boston law firm Block & Leviton said it was looking into securities fraud by the Tezos ICO. million in a lawsuit.

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Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications

PYMNTS

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. Bank Branch Closings Take Toll On Rural Communities. Urban areas, however, lost only 9 percent of offices in 802 communities. Kaspersky: Fake Push Notifications Have Grown Nearly 70 Pct In 2019.

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WeWork, Sweetgreen Pair On Order-Ahead

PYMNTS

The collaboration is in seven cities: New York, Los Angeles, San Francisco, Chicago, Philadelphia, Boston and Washington, D.C., Sweetgreen, which went cashless in 2017, recently received $200 million in finding in a Series H round led by Fidelity, which valued the company at more than $1 billion. WeWork is no stranger to innovation.

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

AvidXchange previously raised $300 million in 2017 at a $1.4 percent through 2028, according to Boston Consulting Group. Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution. 9), citing sources. This latest fundraising could top $300 million. The company announced on Thursday (Dec.