Remove Capital Remove Management Remove Metro Remove Technology
article thumbnail

UK Metro Bank Hit By Messaging Scams

PYMNTS

Technology speeds commerce and eases daily life, but also acts as a conduit to payments fraud. To that end, Metro Bank said earlier this week that at least some of its customers had been victimized by fraud that focuses on text messages sent across telecom companies’ networks that Reuters reported are used to verify transactions.

Metro 169
article thumbnail

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

Bussman Advisory

Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse? The post Metro Bank UK: 2023’s Next Bank Collapse?

Metro 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Car Talk: Shift Announces Plans To Go Public

PYMNTS

IAC will change its name to Shift as the transaction proceeds and the Shift management team of CEO and Co-Founder George Arison and Co-CEO Toby Russell will stay in place. “We Arison said the move was about adding capital to scale the company. Securing that capital is even more complicated than the IAC merger.

article thumbnail

Hainan Golden Raises $141M In Funding Round Led By Tencent

PYMNTS

Hainan Golden Technology Co. Shenzhen Capital Group Co., and China Finance Fund — as well as existing investors Hillhouse Capital, Wanda Group, Prometheus Capital and IDG Capital — all participated in the funding round. CDH Investments, China Investment Corp. billion.

article thumbnail

Community banks are thriving in Texas

Independent Banker

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. The Houston metro took the 10th spot with a 20.3% increase, while the San Antonio metro, up 19.4%, ranked 12th. Capitalizing on an area’s growing popularity.

Texas 182
article thumbnail

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. They need to manage the burn, drift and cut losses.”.

Fintech 100
article thumbnail

Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Silvergate Capital Corporation (NYSE: SI) Here we are again. Silvergate had $150 million in total revenue over the past twelve months, and has a market capitalization of $4.7 Live Oak Bancshares, Inc.

Capital 78