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Metro Bank Plunges on Misclassified Assets, Capital Concern

Bank Innovation

Metro Bank Plc fell the most since going public after applying an incorrectly low-risk weighting to parts of its loan book, with the British lender’s chief saying he doesn’t know how long the mortgages in question had been wrongly classified. The shares plunged as much as 34 percent Wednesday and the bank’s bonds also fell […].

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Metro Bank Links With ezbob For Same-Day SMB Loans

PYMNTS

To provide a digital lending offering for small business clients, Metro Bank has collaborated with banking software provider ezbob. Metro Bank Chief Commercial Officer Paul Riseborough said, according to reports, “We know quick, reliable access to finance is crucial for small businesses to seize opportunities to grow.

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Metro Bank UK: 2023’s Next Bank Collapse? | Samsung’s Trackable Card Unveiled | UBS Tests Tokenized Fund on Public Blockchain

Bussman Advisory

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse?

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High-Profile — But Secretive — Funding For B2B FinTechs

PYMNTS

For startups, 2016 wasn’t the best year in venture capital. VCs used 2016 to manage costs, set priorities and valuations,” explained Rahul Khanna, managing partner at Trifecta Capital, in an interview with Business Standard published Wednesday (Dec. and the U.S. round out the rest of the investment activity. Alt-Lending.

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3 Reasons Why Fintech is Thriving in Atlanta

William Mills

Metro Atlanta has established itself as a major hub for the fintech (financial technology) industry. According to the American Transaction Processors Coalition, more than 70 percent of all payments on a global scale currently pass through companies headquartered in metro Atlanta, earning the city the moniker “Transaction Alley.”

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Disruptor UK Bank Atom Raises £50M

PYMNTS

The funding round was led by BBVA with participation from Toscafund, Woodford Patient Capital Trust and Perscitus LLP. Atom was co-founded by Anthony Thomson, who is responsible for Metro Bank, one of the first newer banks to challenge legacy banks in the country. Musician will.i.am also contributed.

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Disruptor UK Bank Atom Raises £50M

PYMNTS

The funding round was led by BBVA with participation from Toscafund, Woodford Patient Capital Trust and Perscitus LLP. Atom was co-founded by Anthony Thomson, who is responsible for Metro Bank, one of the first newer banks to challenge legacy banks in the country. Musician will.i.am also contributed.