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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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10 Lessons From The Small Business Banking Conference

South State Correspondent

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Many banks were looking to install more automation to lower operating costs. We sat through almost every presentation and took pages of notes.

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

In order to be eligible for Technology Fast 500 recognition, companies must have current-year operating revenues of at least $5 million and own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. The company announced on Thursday (Dec.

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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. cities, such as Austin and Dallas in Texas and Nashville, Tennessee. are acting as joint book-running managers for the offering. William Blair & Company, LLC, BMO Capital Markets Corp.

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Postmates To Hire More Engineers As It Expands In The Seattle Area

PYMNTS

One of the job postings is for an engineering manager of operations technology, noted the report. “We The company also has offices in New York, Nashville, Mexico City and Vancouver. Earlier in 2019, it raised $100 million in funding from investors including BlackRock, Glynn Capital, Tiger Global, and others.

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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

News has emerged, via Bloomberg , that Singapore-based automotive subscription operation Carro has gained the top automotive investment banker for HSBC in Asia as the company’s new chief financial officer. According to the report , the deal comes as Carro raised some $30 million in fresh capital. Proof of that comes from Ford.

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How AR-AP Connectivity Tightens The Buyer-Supplier Relationship

PYMNTS

The latest initiatives include Chase, which is facilitating streamlined invoice payments to reduce friction for payers while accelerating access to capital for suppliers. AvidPay Links to Banks Via BankTEL.

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