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Here Is How To Calculate Your Bank’s Cost Of Capital [Calculator]

South State Correspondent

the As interest rates go back up and volatility continues to remain high, banks’ cost of capital has undergone a significant shift up. Your cost of capital is essential to know for several reasons. Produce over your cost, and you will be able to attract more capital. Why Calculate Your Cost of Capital?

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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Louis and Dayton, Ohio. Mastercard said it will invest $500 million in Black communities across the U.S.

Community 282
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FIS, The Clearing House Partner To Connect Small, Mid-Sized Lenders To RTP

PYMNTS

The Jacksonville, Florida-based financial software company provides a managed platform service for banks to quickly and cost-effectively connect to the Real-time Transport Protocol (RTP). First Bank of St. Louis, one of the largest privately-owned banks in the U.S.,

St. Louis 130
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Experimental Robot In Supermarket Booted From ‘Job’

PYMNTS

Financial services firm Cornerstone Capital Group projected robots will capture between 6 and 7.5 A robot named Tally trawls the aisles of St. Louis grocery stores Schnuck Markets to check for items that need restocking, repricing due to error or reshelving due to messy placement.

St. Louis 121
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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fintech 148
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Is commercial lending on the rise?

Independent Banker

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. billion in capital to businesses across its traditional products: 7(a), 504 and microloan programs. Source: St. Record pace of dealmaking.

Lending 158
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Mobile Payments: Adornments For the U.S., mVisa For The Unbanked In Nigeria

PYMNTS

Louis-based startup has defied the odds and raised $750,000 during a slowdown in funding for Fintech startups. Already the app is generating $1 million in sales for local restaurants in St. Louis with 10,000 people currently using the app. Mobile Payments Startup OPER Raises $750,000. iZettle To Be Challenged In The U.K.

Mobile 100