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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. FDIC), the states and the courts.

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SAFE Banking Act returns to Congress: Is safe harbor for cannabis banking on the horizon?

Abrigo

If signed into law, the SAFE Act would allow banks to provide services to cannabis-related businesses (CRBs) in states that have passed the legalization of marijuana in some form. According to a letter from the American Bankers Association (ABA) to the Senate Banking Committee, only about 11 percent of all U.S.

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Alternative Finance’s Popularity Won’t Break With Investors

PYMNTS

5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” In this week’s B2B venture capital breakdown, alternative lending for small- and medium-sized businesses (and their employees) is the clear winner.

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AltFin Shines As Investor Interest In B2B FinTech Continues

PYMNTS

Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend.

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FinTechs Find VC Favor Amid Collaborative Efforts

PYMNTS

But there can be a sea change afoot that can mix things up a bit. As noted in American Banker , the deal count came to 371 deals for the first half of the year, with a few triple-digit investment rounds. Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S.,

Fintech 101
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2020 GonzoBanker Awards

Gonzobanker

Bankers started the year with good business plans, strong balance sheets, and optimism. By creating secure and productive remote work environments for employees and helping their teams deal with the stress of working at home (with kids learning from the same house, spouses working in the next room, and myriad other pressure points).

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

It turns out that confidence is more valuable than capital. This article highlights ten not-so-evident lessons of the banking crisis that every banker must consider going forward. Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Roku revealed it had almost $500mm in deposits at SVB.