PYMNTS

AUGUST 14, 2020

Initialized Capital Management has notched $230 million for Initialized V , the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Initialized Capital Management Co-Founder Garry Tan told Bloomberg, “We love finding tomorrow’s unicorns.”.

Capital 255

Capital California Lending Management 255

American Banker

FEBRUARY 5, 2021

First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks.

Taxes 65

Taxes Texas Dallas California 65

CFPB Monitor

APRIL 14, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued modifications to its proposed regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances.

CA 78

CA Regulation California New York 78

PYMNTS

MAY 11, 2018

With more than $175 million raised for B2B startups this week, the undoubted winner was a California-based artificial intelligence data analytics company – a sign, the firm noted, of the enterprise’s increasing reliance on AI. Alternative Lending. Expense Management. Check out the latest investment rounds below.

Analytics 109

Analytics blockchain California Lending 109

PYMNTS

MAY 31, 2019

The California-based CU sought to solve these problems by launching a financial support program to supply children and teens with loans while also teaching them smart money management. . “A Aspiring farmers receive loans, learn how to use debit cards and write checks and receive assistance with business plans and managing budgets.

Community 115

Community Lending social media Cards 115

PYMNTS

APRIL 19, 2019

The B2B FinTech space saw its fair share of venture capital, too, with investors targeting spend management, alternative small business lending, workforce management and enterprise crypto services — plus, some news of a few more investment rounds likely on the horizon.

Capital 174

Capital Lending Cards cryptocurrency 174

PYMNTS

APRIL 2, 2020

Santa Rosa, California-based Redwood Credit Union, for example, found that social data was particularly important when offering auto loans. It is key to risk management functions, which entail assessing the likelihood that any given transaction could be fraudulent or present a credit risk.

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

SEPTEMBER 28, 2020

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

San Francisco 139

San Francisco New York City Houston Dallas 139

ABA Community Banking

DECEMBER 14, 2015

SNL Report: State’s banks generate strongest loan growth on West Coast Management Financial Trends.

California 40

California Lending Trends Management 40

PYMNTS

NOVEMBER 29, 2019

Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California. The company’s platform offers insurance for general liability, management liability, cybercrime and a range of other coverage.

Policies 191

Policies California United States Management 191

PYMNTS

JANUARY 7, 2021

In a recent panel discussion with Karen Webster, Wells Fargo Head of Global Product Management Judd Holroyde said he anticipates 2021 to further fuel the bank-FinTech collaborative spirit. In addition to business accounts, Anytime provides SMBs with expense management, payment solutions, invoicing and cash flow management tools.

Strategy 196

Strategy Fintech California Community 196

PYMNTS

OCTOBER 11, 2019

Still, investors placed more than $368 million into the space, often in the form of Series B rounds for a range of B2B players, including fleet management, small business (SMB) banking and global payments. Fleet management startup Avrios , based in Germany, raised $14.2 million in Series B funding, EU-Startups reported this week.

Capital 169

Capital California Analytics Management 169

PYMNTS

OCTOBER 4, 2019

An Egyptian firm landed the MENA region’s largest-ever seed round, a California company proved U.S.-based based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. India-based expense management startup Fyle announced $4.5 SaaSOptics.

Capital 128

Capital Lending California Regional 128

PYMNTS

SEPTEMBER 29, 2020

Seventy-two percent were highly interested in innovating products that offered digital management capabilities, for example, while 48 percent and 42 percent were highly interested in developing solutions that provided notifications and alerts and instant issuance to digital wallets, respectively. Meeting Customers' Credit Needs.

San Diego 141

San Diego Innovation Cards California 141

PYMNTS

AUGUST 16, 2019

Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. The Series C investment will help the California company focus on growth and product innovation to fuel development of its enterprise data warehousing solution. Lendingkart.

Fintech 179

Fintech Analytics Capital Lending 179

PYMNTS

MARCH 21, 2019

who simply don’t have access to safe lending and are susceptible to predatory lenders. We have been investing with Aura for the past four years because we strongly believe in the company’s mission and credit culture,” said Fernando Guerrero, Managing Partner and Chief Investment Officer of Varadero Capital.

Arizona 107

Arizona Illinois Community Capital 107

PYMNTS

JULY 27, 2020

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. In February, Menlo, California-based TCV led a $500 million round. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

United States 140

United States Leadership Risk Management California 140

PYMNTS

NOVEMBER 25, 2019

Technology companies are supplying them with the products and services their members desire, working with both individual CUs and credit union service organizations (CUSOs) to develop case management platforms, modernize systems and provide advanced loan software. A California Credit Union Keeps its Marketing Efforts Trusted and SAFE.

Alaska 154

Alaska Hawaii California Analytics 154

PYMNTS

MARCH 31, 2020

COVID-19 is spurring firms that rely on consumer spending, and on lending to finance big-ticket purchases, to invent new ways to keep business flowing – with a nod to the fact that the uncertain economic impact of the virus may hurt consumers’ near-term ability to pay for those items. Necessity, as they say, is the mother of invention.

Houston 141

Houston Lending New York Examples 141

Jeff For Banks

FEBRUARY 12, 2024

2/25 Past actions/decisions give the best insights into a management team's acumen, capabilities, willpower, and its pursuit of excellence.effort lol. Management did not prioritize how things were or what certain people "might like". 7/25 These actions make it clear what $CFBK's management team will prioritize in the future.

Columbus 102

Columbus Indianapolis Capital Community Bank 102

ABA Community Banking

MAY 22, 2015

SNL Regional Report: San Diego shimmers, allowing banks to boost lending Management Financial Trends Community Banking.

San Diego 40

San Diego California Community Bank Regional 40

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. Questions directed at Ms. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

PYMNTS

OCTOBER 31, 2016

It now is in mortgages, personal loans, wealth management and, starting soon, insurance. The paper noted that, in September, SoFi received a license to sell life insurance in California through Protective Life Insurance. SoFi is considering setting its sights a bit lower.

South Dakota 100

South Dakota New York Arkansas Massachusetts 100

American Banker

NOVEMBER 7, 2023

The San Carlos, California, consumer lender said it's "exploring strategic options" for its credit card portfolio, discontinuing its investment and retirement products and sunsetting a partnership with Sezzle in addition to embarking on a new round of job cuts.

California 81

California Cards Management Lending 81

Bobsguide

FEBRUARY 22, 2022

The core transformation program, titled “FutureCore,” is divided into phases and Consumer Lending for the 7 affiliate banks is the first phase to go live, with other phases to follow. The completion of this consumer lending installation represents our first step toward having a fully integrated core loan and deposit system.

Software 78

Software Wyoming Idaho Lending 78

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. API management platform Cloud Elements landed an undisclosed investment from American Express Ventures, the companies said this week.

Fintech 188

Fintech Capital Security Fraud 188

American Banker

MARCH 4, 2021

The bank must submit a plan for improving its risk management and decreasing its commercial real estate exposure, the Federal Reserve said in an enforcement order.

California 40

California Risk Management Management Lending 40

PYMNTS

MARCH 8, 2019

Reports in Business Leader said Yordex targets cash flow management, invoicing and budgeting processes for businesses with turnover between £1m and £100m, emphasizing the importance of lower processing costs and heightened transparency for corporate finance departments. Investors at Bloc Ventures led a $655.7 million investment round in U.K.-based

Fintech 181

Fintech Software Capital Lending 181

PYMNTS

SEPTEMBER 18, 2020

The California-based lender, which provides mortgages and other direct-to-consumer debt, has reportedly had discussions with possible investors for an offering that could occur in 2020. Facebook's Libra Hires HSBC Veteran as Managing Director. The Libra Association has tapped James Emmett to be the Libra Networks' managing director.

California 142

California Payments Management Retail 142

PYMNTS

JULY 20, 2018

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. Business managers, meanwhile, are provided a dashboard to manage access to buildings.

Analytics 105

Analytics Capital Tools California 105

Abrigo

MARCH 9, 2017

CDFIs are attractive partners to banks in part because of their long, 30-plus-year track record of managing capital, with few examples of investor losses. In Santa Clara, a Bank of the West loan officer introduced a local hair salon owner to Opportunity Fund, a California CDFI, resulting in a $25,000 loan.

Community 246

Community San Francisco Capital Philadelphia 246

PYMNTS

SEPTEMBER 23, 2020

The Jacksonville, Florida-based financial software company provides a managed platform service for banks to quickly and cost-effectively connect to the Real-time Transport Protocol (RTP). and Nano Banc, a relationship-based bank headquartered in Irvine, California, are among the first FIS clients to use the service.

St. Louis 130

St. Louis Jacksonville Florida California 130

Independent Banker

JULY 31, 2022

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

APRIL 28, 2017

Payments and lending continue to attract the most funding globally, although we’re seeing increasing interest in a variety of technologies,” he stated. “In With roots in India and California, iSos offers workplace solutions for the smart office, including cashless employee transactions and inventory management.

Fintech 192

Fintech San Francisco Capital Software 192

PYMNTS

JULY 24, 2019

Maxine Waters of California said the merger, the largest in the sector since the financial crisis, may be “too big to manage.”. billion for small business lending. Executives from the two banks appeared Wednesday (July 24) before the House Committee on Financial Services, where Chairwoman Rep.

Community 130

Community Massachusetts United States California 130

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says.

Community Bank 144

Community Bank Community Lending Louisiana 144

BankInovation

JULY 17, 2020

We’ve done a lot of trips to Northern California, Southern California, […]. “The governor is a great salesperson,” said Val Hale, executive director for the Utah Governor’s Office of Economic Development.

Utah 83

Utah New York City Fintech California 83