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SMBs Accuse Kabbage Of Abruptly Canceling Credit

PYMNTS

Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. and OnDeck Capital Inc. Borrowers, who realized the credit lines were halted when they signed onto their accounts, claim the company did not provide them with notice, according to a Bloomberg report.

Georgia 195
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New ICBA chairman Derek Williams’ commitment to community

Independent Banker

Photo by Harold Daniels Derek Williams, president and CEO of Century Bank & Trust in Georgia, is bringing his passion for community banking to his term as ICBA chairman for 2023/24. So, he joined a training program at what was then Citizens & Southern National Bank, once the largest bank in the southeastern U.S.,

Community 172
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3 Reasons Why Fintech is Thriving in Atlanta

William Mills

As headquarters to large companies including NCR, WorldPay and First Data, the Georgia Department of Economic Development reports that Georgia fintech companies generate more than $72 billion annually, third in the nation behind New York and California. So how did we get here in such a short amount of time?

Atlanta 42
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The Russian Connection (To Alt Lending Globally)

PYMNTS

-educated entrepreneurs met while working abroad at Renaissance Capital and Deutsche Bank. such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan. Observing the rise of disruptive companies in Europe and the U.S.,

Lending 105
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Blockchain Tracker: Economic Revolution, Editing Controversy & Health Care

PYMNTS

His reasoning revolves around the issue of proving ownership of certain assets and access to capital. Pointing to economist Hernando de Soto’s work and a partnership with bitcoin and blockchain company Bitfury and the Republic of Georgia’s National Agency of Public Registry.

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

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Banking's Total Return Top 5: 2015 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. OTCQX: CBCO) Coastal is the $439 million in assets holding company of CBC National Bank, headquartered in Fernandina Beach, Florida.