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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.

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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Knowing that Nike and Amazon were in the process of breaking their sales agreement, we tried a third item: a copy of Thomas Piketty’s new book, “Capital and Ideology.” Indie bookstore Powell’s in Portland, Oregon couldn’t guarantee that the order would be processed until seven to 14 days.

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Passport Raises $8 Million in Series B

Fintech Labs Insights

The Series B round was led by MK Capital, and featured participation from Grotech Ventures and Relevance Capital. Passport CEO Bob Youakim said that the capital infusion would help speed the company’s growth and expansion both in the U.S. The new investment takes Passport’s total funding to $17 million.

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Wealth Managers Beware: Emerging Fintechs Are Coming For Retirement Planning Next

CB Insights

Using the CB Insights platform and SEC filings, we analyzed how these startups stack up, and highlighted a few operating metrics like assets under management (AUM), client accounts, and financing. This is in part why Ribbit Capital, among other investors, are jumping in early. “ The (retirement) industry is in desperate need of improvement.

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

Take the example of MetroMile based in Portland. A combination of online customer acquisition and proprietary data sources / data relationships on top of an efficient balance sheet is an interesting business combination and is less capital intensive than a full new carrier. . A new carrier? Alternative to carriers?

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46 Corporations Working On Autonomous Vehicles

CB Insights

They are a diverse group of players, ranging from automotive industry stalwarts to leading technology brands and telecommunications companies. A few of the companies or brands listed below belong to the same parent organization, but are detailed separately if they are operating distinct autonomous development programs.

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