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Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. Backed by prominent Black and Latinx investors, NWK FAM Fund aims to raise $100 million total in investible capital. About Popular Bank.

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Alacriti Launches RTP Solution For Financial Institutions

PYMNTS

Alacriti is rolling out a new solution that will link banks and credit unions (CUs) with the burgeoning work of real-time payments, or RTP. The New Jersey-based FinTech on Thursday (Oct. 22) unveiled its Cosmos for RTP solution. Consumer and business demand for instant, 24x7, any-to-any payment experiences is here.

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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101
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New York Sees Most Bank Branch Closures In US

PYMNTS

Banks across the U.S. are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. Bank said it was planning to close 196 branches in 2019, but is also opening 10. Bank of America planned to shutter 129 branches. Wells Fargo plans to close 144 branches and open one.

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ConnectOne promotes insider as next bank president

American Banker

Elizabeth Magennis recently served as the New Jersey company's chief lending officer. ConnectOne also hired Michael O'Malley, a former OnDeck Capital executive, as chief risk officer.

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BauerFinancial Recognizes Popular Bank

PopularBank

BauerFinancial is the nation’s leading depositor-focused independent bank rating firm. Popular Bank has branches in New York, New Jersey, and Florida, and provides 24/7 digital banking solutions and access to 55,000 ATMs through the Allpoint network.

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What U.S. Bank Is Doing To Drive Virtual Card Adoption

PYMNTS

In the Next-Gen AP Automation Tracker , PYMNTS examines how banks can educate firms and vendors on the benefits of virtual cards, and weave the input of all the stakeholders into the implementation. Bank believes it has the perfect weapon to counter such reluctance: strong client and vendor input. In this month’s feature story, U.S.

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