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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. Name: Locality Bank.

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Regulators close Florida bank in third failure of 2020

American Banker

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

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Trade-based money laundering: The link to terrorist financing

Abrigo

Banking regulators and criminals understand TBML, so be sure your AML investigative team also does. For instance, a TBML case was identified where illicitly obtained funds were sent from Africa (Nigeria/Benin) to purchase cars from used auto dealers in the Midwest U.S. Gain confidence in your BSA program.

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Data Dive: And The Winner Is Edition — SMBs Worldwide, DoorDash And Gun Regulation

PYMNTS

This new round of capital will help us further our mission of connecting communities around the world through last-mile delivery,” CEO Tony Xu said. SoftBank Group led the round, along with participation from GIC, Wellcome Trust and Sequoia Capital. The hunt business is an important part of the business, no doubt about it.

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Uber Tries To Win London’s Heart (Again)

PYMNTS

That partnership reportedly kicked off earlier this month in South Florida, enabling people to order from 100 stores. Deliveroo could also give Uber more standing and revenue in London, where regulators have not been too kind to its ridesharing business model. London keeps calling to Uber , which has had a rough time in the U.K.

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Tech Center: Orlando Dips Its Toes Into Tech Startup Water

PYMNTS

The city had a population of 270,934 in 2015, making it the 73rd largest city in the United States and the fourth largest in Florida. When thinking about Orlando’s tech industry, some say the city’s access to capital, accelerator programs and tech clusters are what sets it apart. Median household income (2015): $42,318.

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Uber Tries Again to Win London’s Heart

PYMNTS

London keeps calling to Uber , which has had a rough time in the UK capital. That partnership reportedly kicked off earlier this in South Florida, enabling people to order from 100 stores. Deliveroo also could give Uber more standing, and revenue, in London, where regulators have not been too kind to its ride-sharing business model.