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PNC Eyes Buying US Unit Of Spain's BBVA, Report Says

PYMNTS

The acquisition could have the effect of boosting PNC's presence in the southeast and west where the markets are growing quickly, according to WSJ. BBVA bought Alabama's Compass Bancshares in 2007 and has around $100 billion in assets in the U.S., including branches around the Sunbelt with a large presence in Texas. according to WSJ.

Report 247
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Avant Brings SaaS Lending Tech To Banks

PYMNTS

Avant’s consumer-facing product is devised as a digital alternative to that market. We’re also a pure-play technology company, designed to support banks [that] want to offer lending products, but … either can’t or won’t dedicate hundreds of millions to building the capacity,” he said. A Better Option For Banks.

Lending 134
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June’s Top 12 Mobile Pay Moments

PYMNTS

And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. Apple Pay — 20 Months In.

Mobile 104
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Bank-FinTech Collaboration Tackles SMB Finance Friction

PYMNTS

This week's look at the most recent initiatives in partnerships and open banking reveals a focus on SMB lending and finance, while Banking-as-a-Service (BaaS) also gains traction to allow non-banks to offer their own banking services to corporate customers. HSBC is adopting Biz2Credit 's Bix2X Platform to streamline its SMB lending processes.

Fintech 247
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Dynamic Duo

Independent Banker

Perhaps just as influential, Shelby, who is serving as the committee’s GOP chairman for the next two years, represents 131 community banks in Alabama, and Brown, the Democratic ranking member on the committee, represents 206 community banks in Ohio. Shelby visits an Alabama business as part of a statewide jobs and industry tour.