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California Looks Into Allegations Wells Fargo Signed Up Customers For Life Insurance

PYMNTS

California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance polices without their consent. And the hits keep on coming for Wells Fargo. Since then, the company’s CEO, John Stumpf, was forced to step down.

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Can fintechs enhance your bank’s marketing campaign?

Independent Banker

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Photo by Janimal Photography. Dick, Chairman and CEO, Mainstreet Bank.

Fintech 136
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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms. Let’s take a closer look at each deal: Finxact Goes To Fiserv.

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2021 GonzoBanker Awards

Gonzobanker

THE BANKER AWARDS. Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis.

Fintech 147
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2020 GonzoBanker Awards

Gonzobanker

Bankers started the year with good business plans, strong balance sheets, and optimism. Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Even George Bailey would have given you the thumbs up. ” – Hunter Thompson.

Idaho 181
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Beneficial State Bank’s financial activism

Independent Banker

The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. By Roshan McArthur. Name: Beneficial State Bank. Assets: $1.5 Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., wears this mission proudly.

Oakland 153
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NEW REPORT: Giving Credit Unions Their Due Credit

PYMNTS

Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. Another potential rule change is being considered in court, as the American Banker Association (ABA) is challenging the new membership rules of the NCUA, claiming the administration is overstepping the limits imposed by Congress.

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