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Can Pivotus Help Save Banks from Themselves?

Bank Innovation

Pivotus Ventures, a new venture capital firm launched by Umpqua Holdings Corporation, believes that drastic action is needed to keep banks relevant in the coming years. Just last year, the Portland, Oregon-based corporation performed the rare feat of upgrading its core Read More. If any FIs can do it, Umpqua is certainly among them.

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Accelerating To The Future?

PYMNTS

With more than 700 now in operation across the United States, small business accelerators are becoming increasingly crucial engines of the U.S. Startups often need the resources — including the capital, equipment and expertise offered by these organizations — to stay afloat in an increasingly competitive marketplace.

Portland 100
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CFPB announces new appointments to advisory groups

CFPB Monitor

Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM. Amy Nelson, Chief Executive Officer, Point West Credit Union, Portland, OR. William Howle, Head of U.S. Ian Ayres, William K.

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Passport Raises $8 Million in Series B

Fintech Labs Insights

Here’s a funding from one of our more interesting alums that slipped below the radar last month: mobile payment innovator Passport has raised $8 million in new funding. The Series B round was led by MK Capital, and featured participation from Grotech Ventures and Relevance Capital. ” Youakim said.

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. In the past 20 years, arguably the investment side of the insurance business has seen the most innovation. A classic case of Innovator’s dilemma. billions. A new carrier?

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Vacation Rental Startup Vacasa Clinches Funding

PYMNTS

The biggest investment of the week came in the form of 51credit.com, where the Chinese credit card management outfit garnered $84 million from Harvest Capital and Yintai Group. The credit facility also allows for the company to access additional working capital. This week started off with a bang for Portland, Ore.

Portland 100
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The 2023 GonzoBanker Awards

Gonzobanker

Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square.

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