PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. India-based Xtracap secured $1 million in angel funding, YourStory reported. Trade finance technology startup CCRManager announced $2.12 Xtracap Fintech.

Capital 141

Capital Analytics Fintech Report 141

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. The beauty is that this network has been created by community banks for community banks.”.

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Community Bank Community Payments Meeting 91

Independent Banker

AUGUST 31, 2022

So how do social payments fit in community banks’ long-term future? Those behaviors may pose a real threat to community banks. The community bank opportunity. But among these competitive concerns, possibilities emerge for community banks. Security is all. By Colleen Morrison. billion,” says Giorgio.

Capital 94

Capital Payments social media Community Bank 94

South State Correspondent

FEBRUARY 22, 2024

Banks consistently produce under their cost of capital. For example, at present, return on equity performance is about 12% for the average community bank. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. Why is that? That is a problem.

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How To Strategy Capital Lending 195

PYMNTS

JUNE 6, 2019

Lighter Capital, an alternative lender targeting the startup community, is adding new financing products to its offering. In a press release issued on Wednesday (June 5), Lighter Capital said it will add lines of credit and term loans to its current offering of revenue-based financing.

Capital 108

Capital Lending Community Fintech 108

South State Correspondent

FEBRUARY 20, 2023

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage.

National 195

National Lending How To Community Bank 195

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services. billion in loans had been approved.

Technology 195

Technology Lending Capital Meeting 195

PYMNTS

DECEMBER 23, 2019

Although Finly did not disclose how much it raised, the company did note it plans to deploy the capital to focus on imbedding business intelligence within its suite of services, which includes B2B payments, eProcurement services and expense management capabilities.

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Security Capital Fintech Community 131

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

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Community Bank Community Millennials Regulation 157

PYMNTS

SEPTEMBER 21, 2018

To accelerate product innovation, trucking network Convoy has secured $185 million in Series C financing. We believe Convoy will continue to leverage its technology and data capabilities to drive increased efficiency for the industry overall.”. The company reported that accounts and funds advised by Lone Pine Capital and T.

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Security Capital Industry Community 134

PYMNTS

SEPTEMBER 18, 2020

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability.

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San Jose Capital Utah Operations 226

PYMNTS

SEPTEMBER 4, 2019

Australian supply chain-focused blockchain technology company Security Matters has filed a patent application in the U.S. Upskilling will be key, and the capacity to build and grow the ecosystem will be at least as important to harvest the true benefits of the technology.

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blockchain Bitcoin Security Payments 166

Abrigo

JANUARY 28, 2016

The following is an excerpt from the Sageworks whitepaper "Optimizing Capital: Challenges and Opportunities for Financial Institutions". million and two employees), financial institutions understand the importance of customer and community service. Disconnected processes, departments and technology 3. They may include: 1.

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Capital Texas Risk Management Management 150

PYMNTS

JANUARY 19, 2018

The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. Check out the B2B payments, blockchain, logistics and data analytics firms that secured funding below.

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Capital blockchain Big Data Data 118

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. Benchmarking can help banks better optimize capital as it gives bank management a sense of what the average is for the industry. Technology-forward banks spend as much as 16.4% As such, bank budgets have come under scrutiny.

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Capital Operations Customer Experience Comparison 195

PYMNTS

JUNE 3, 2016

There may be a few resilient, strategic entrepreneurs out there who don’t need venture capital to run a successful startup. “It’s a huge anomaly,” said Small Business Administration Head of Innovation and Investment Mark Walsh, referencing the ability for startup founders to make it without venture capital.

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Security Data Analytics Capital 100

CB Insights

NOVEMBER 19, 2020

As blockchain tech gains commercial traction, a growing number of companies want to use it to reimagine the capital markets infrastructure that powers the trade of stocks, bonds, and other securities. The chart above shows the core blockchain tech being used by projects and corporates working on DLT applications for capital markets.

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Capital blockchain Marketing San Francisco 101

PYMNTS

JANUARY 24, 2020

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.

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Fintech Capital San Francisco Georgia 198

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ). for automated underwriting.

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Fintech Software Illinois Lending 103

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients.”.

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Innovation Payments Compliance Data 348

PYMNTS

FEBRUARY 28, 2020

With more than $1 billion raised — and more to come — this week became the most lucrative for B2B FinTech venture capital funding. million in new funding for its technology targeting small businesses in the U.K. million in new funding for its technology targeting small businesses in the U.K. Digital Risks. Reports in Verdict.co.uk

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Fintech Capital Lending Report 175

PYMNTS

NOVEMBER 6, 2020

Financial services firm Figure Technologies, Inc. By reducing complexity, we can leverage the technology efficiencies we have to deliver financial solutions to traditionally underserved and underrepresented consumers, driving real financial inclusion.”. 6) announcement.

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National blockchain Lending Regulation 163

PYMNTS

JANUARY 15, 2021

Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. Despite a slowdown in corporate travel, expense management and travel booking technology provider SalesTrip still managed to impress investors, which pumped $1.4 Malaysia's microLEAP has secured $3.3

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Capital Fintech Operations Technology 167

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. We are in awe.

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Fintech Community Regional Technology 195

PYMNTS

AUGUST 23, 2020

Palantir Technologies Inc., and Unity Technologies Inc. In February, the Silicon Valley-based delivery unicorn filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC). The startup raised about $2 billion from investors, including SoftBank and venture capital firm Sequoia Capital.

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San Francisco Capital California Community 153

PYMNTS

JUNE 16, 2020

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S.

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US Cyber Security Security National 227

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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Community Bank Community Industry Texas 239

PYMNTS

SEPTEMBER 29, 2017

Investment in B2B FinTech startups came through a variety of channels this week, from venture capital to growth equity. Marketing and sales platform Drift raised $32 million from General Catalyst, HubSpot and Sequoia Capital. trillion market. Supply Chain Management. Alternative Finance. Treasury Management.

Security 115

Security San Francisco Capital Software 115

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Security Bank Midwest. By Ed Avis.

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Community Bank Community National Philadelphia 172

PYMNTS

APRIL 14, 2020

Cisco , the California-based global technology company, announced a new financing program that allows customers to defer 95 percent of the cost of new products until January, according to a press release. ” Cisco Capital, the company’s vendor financing division, will provide $2.5

California 151

California Operations Community Software 151

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.”

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Community Lending Maine Resources 195

PYMNTS

FEBRUARY 8, 2019

However, venture capitalists are urging caution on the tech startup community. While the startups have big plans for those funds, including technological enhancements and staff expansions, it remains to be seen whether they will heed the advice to reserve cash. 2nd Address.

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Fintech Capital New York City Analysis 188

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Small Idea – It’s Our Kid’s Technology. It was a sobering thought to realize that we are all really building most of this technology for our kids. Complicated technology sucks, but mortality sucks more. Big Idea – Trends.

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Conference Technology Las Vegas Trends 195

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. In assessing the true cost of fraud, Gartner, the respected technological research and consulting firm, has coined three distinct pillars of fraud costs.

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Fraud Training Trends Compliance 195

Jeff For Banks

OCTOBER 4, 2014

But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. Aside from the cyber security of it, let''s think of the implications from a corporate accounting system that wants to interact directly with the bank''s core. Was Vanguard a disruptor? Do you think your bank customers had an Orange account?

Technology 105

Technology Cyber Security FDIC Strategy 105

Gonzobanker

AUGUST 24, 2023

This decade-long crisis touches banks’ products, technologies, people, processes and the political climate. Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. In an article titled Is the Banking Crisis Over?

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Innovation United States Industry Technology 148