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CEO Davies Exits Revolut After One Year

PYMNTS

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. In February, Menlo, California-based TCV led a $500 million round.

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The BaaS Gold Rush is On

Gonzobanker

To do this, banks can leverage their competencies in payments, lending, operations, and risk management while using the earnings generated from BaaS to transform their core business. The winners in BaaS will be outstanding risk managers – not risk eliminators. Panning versus mining for BaaS gold.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

The catalyst was likely a panel led by the CEO of Taktile (AI Underwriting), a Partner from Bain Capital, a partner for Andreessen Horowitz, the chief data scientist from Branch International (digital banking fintech for India and Africa), and a tech correspondent for CNBC.

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The 2023 GonzoBanker Awards

Gonzobanker

THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank.

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2020 GonzoBanker Awards

Gonzobanker

Bank Deal of the Year PNC nabs BBVA USA – paying 1.3 times tangible book for the attractive geographic footprint of BBVA weeks before the COVID vaccine starts to ship should spell accretion and strong future strategic positioning for PNC, especially in Texas where a brain drain from California led by Elon Musk will continue.

Idaho 172
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The 2019 GonzoBanker Awards

Gonzobanker

This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. Hats off the Schools Financial’s board and management for acknowledging that even multi-billion dollar credit unions can drive value via merging with someone bigger. Credit Union Merger of the Year.

Idaho 148
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

million to its digital banking platform. Startup digital bank. HQ: San Francisco, California. HQ: San Francisco, California. HQ: Los Angeles, California. Derivative risk management. Mobile banking app developer for financial institutions. HQ: Milpitas, California.

Company 12