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Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. million over the course of the next three years to build up a FinTech hub in Charlotte. As we reported about three weeks ago, Bank of America has announced its plans to invest $1.5

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Timelio Adds New Weight To Aussie AltFin Market

PYMNTS

Australia’s bourgeoning alternative lending scene saw new investment Friday (Dec. The small business lending startup secured the funding from Thorney Investment Group in the form of equity investment sometime last month, reports said. 2) when reports emerged that Timelio raised more than $3.7 million (A$5 million). ” .

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance more than those that make those investments. Total return includes two components: capital appreciation and dividends. The Bancorp, Inc.

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Bank of America’s Head of Digital to Speak at Bank Innovation ’17

Bank Innovation

Achtner leads Bank of America’s Digital Banking Practice, responsible for the development and deployment of digital solutions for the Charlotte, N.C.-based based bank. Achtner also manages the Read More.

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending. • Charlotte, North Carolina – Park Sterling Bank ($263 million). Flagstar capitalizes on going local, too. banks and credit unions.

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Diseconomies of Scale

Jeff For Banks

What do you do if your markets can''t support that growth? You must buy other financial institutions or reach for growth outside of your power alley (either your geography or into lending areas where you have little experience). lending outside your expertise). But what if you''re a $10 billion bank?

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