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Hoodies and Suits: Can Banks and Fintechs Learn to Speak the Same Language?

The Financial Brand

A good book title would be 'Fintechs are from Silicon Valley, Banks are from South Dakota.' This article Hoodies and Suits: Can Banks and Fintechs Learn to Speak the Same Language? appeared first on The Financial Brand. But how can both sides write a happier next chapter? appeared first on The Financial Brand.

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Citi's Mistaken Payment Case Might Be In Wrong Court

PYMNTS

This case, Bloomberg reported, involves Citigroup NA , a South Dakota-based unit of Citi, suing a number of limited liability corporations including Brigade Capital Management LP , HPS Investment Partners and Symphony Asset Management , among others — all of which are considered to be of the states where their partners and members reside.

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The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Using CB Insights data, we analyzed the most active venture capital firm in each state, based on unique tech investments from 2014 to 2019 YTD (1/24/19). We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms. Merus Capital. BIP Capital.

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Bitcoin Daily: OCC Grants Crypto Firm Anchorage Conditional Digital Banking License; Crypto Exchange RG Coins Owner Arrested For Money Laundering

PYMNTS

With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated.

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From Farce to Menace

Independent Banker

Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. Basically, all air-breathing mammals in the United States would qualify to be credit union members.

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Banking's Top 5 in Total Return to Shareholders: 2019 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. First Capital, Inc. Nasdaq: FCAP) First Capital, Inc. billion in asset financial institution based in Sioux Falls, South Dakota. Their cost of funds was 12 basis points. Twelve basis points! CD's only account for 5% of total deposits.

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OCC targets BSA/AML compliance by Anchorage Digital Bank – only 15 months after granting bank charter to the crypto custodian

CFPB Monitor

As an enforceable condition of approval, the company entered into an operating agreement which sets forth, among other things, capital and liquidity requirements and the OCC’s risk management expectations. In granting this charter, the OCC applied the same rigorous review and standards applied to all charter applications.