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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

Startups often need the resources — including the capital, equipment and expertise offered by these organizations — to stay afloat in an increasingly competitive marketplace. We also give them access to capital by facilitating connections to venture capital funds and local angel investors.”. Working with the big boys.

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Impact Roadshow | Portland, OR

Filene

Innovation Immersion - Filene’s Innovation Immersion program helps credit unions execute on innovation, ideas, and cultural change. We'll walk through some of Filene's latest programs, and the research and innovation behind them. Filene's impact always begins with research. Filene Feedback | Linda Young.

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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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CashStar Raises Capital: New Investment Boosts Total to $50 Million

Fintech Labs Insights

A $15 million Series D round led by FTV Capital has boosted the total capital of prepaid solutions provider, CashStar , to $50 million. New investor Mosaik Partners and current investors, Passport Capital, Intel Capital, and North Hill Ventures also participated.

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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. Amy Nelson, Chief Executive Officer, Point West Credit Union, Portland, OR. William Howle, Head of U.S. Retail Bank, Citibank, New York, NY. Ruhi Maker, Senior Attorney, Empire Justice Center, Rochester, NY. Academic Research Council Members.

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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.