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Small Business Banking Catching Up in Innovation Race

Bank Innovation

There are quite a few lending solutions these days for small businesses -- Funding Circle, OnDeck, Kabbage, and Square Capital, to name a just a few -- but innovation and digitization are lagging in other areas, such as digital account opening. Atlanta-based Gro has […].

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3 Reasons Why Fintech is Thriving in Atlanta

William Mills

Metro Atlanta has established itself as a major hub for the fintech (financial technology) industry. According to the American Transaction Processors Coalition, more than 70 percent of all payments on a global scale currently pass through companies headquartered in metro Atlanta, earning the city the moniker “Transaction Alley.”

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Another new bank proposed for Atlanta

American Banker

If successful, the bank would become the third to open in the Atlanta area in recent years. Organizers have applied to form Craft Bank.

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NXTsoft’s Connectivity as a Service positions Financial Institutions to Capitalize on Unbundling


NXTsoft is headquartered in Birmingham and has offices in Atlanta, Orlando and Denver. The post NXTsoft’s Connectivity as a Service positions Financial Institutions to Capitalize on Unbundling appeared first on Bobsguide. With Connectivity as a Service, NXTsoft paves the way to digital transformation for banks and credit unions.

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FTC files administrative complaint against marketer of fuel cards as strategy for addressing SCOTUS AMG Capital Management decision

CFPB Monitor

The complaint’s allegations mirror those in the lawsuit filed by the FTC against the respondents in 2019 in an Atlanta federal district court. Supreme Court ruled in AMG Capital Management LLC v. The FTC brought the 2019 lawsuit under Section 13(b) of the FTC Act and the relief sought included restitution, refunds, and disgorgement.

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Starbucks Launches $100 Million Fund To Support SMBs


The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Access to capital is especially important amid worries of a second lockdown.

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Saltbox Opens Co-Warehousing Space For SMBs


To provide small to medium-sized businesses (SMBs) with co-warehousing and coworking space, Saltbox opened a 27,000-square-foot facility in Atlanta, according to an announcement. The company said Atlanta has a diverse and growing ecosystem, with new firms, new talent, more connectivity, and greater capital.

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