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Embracing fintech led to trouble for one small bank. So did the aftermath.

American Banker

Blue Ridge Bank in Virginia changed course after its rapid growth in the fintech partnership business landed it in hot water. But the path back to a traditional community banking model is also proving to be bumpy.

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Blue Ridge Bank's CEO describes plan to get out of the penalty box

American Banker

Billy Beale joined the small Virginia bank in May, several months after its fintech partnership strategy landed it in hot water with regulators. There's still a lot of just blocking and tackling that we've got to do to get the bank to work the way it's supposed to," he says.

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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147
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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its compliance tools. Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. HQ: Reston, Virginia. HQ: Charlottesville, Virginia. Compliance tools for digital interactions. Community platform for investors. Ghaio Fintech. Qumram raised $2.5 Latest round: $4.5

Company 12
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. The fizzle wears on. Costco Card.

Lending 101
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Fintech Fundings: 30 Companies Raised $330 Million First Week of August

Fintech Labs Insights

The fintech sector attracted $332 million in new capital the first week of August. Fintech deals by size from 30 July to 5 August, 2016: Mosaic. Distributed ledgers for financial community. HQ: Reston, Virginia. The post Fintech Fundings: 30 Companies Raised $330 Million First Week of August appeared first on Finovate.