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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

Automakers that want in on ridesharing, self-driving cars or innovative car financing options aren’t always developing their own technologies or starting their own ventures. The automaker is also reportedly joining the Open Platform operated by Lyft for autonomous cars. What’s New.

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Siri Gets Smarter And Emojis Become Memojis

PYMNTS

The big day – or the big first day – of WWDC arrived this afternoon, with the audience in San Jose getting an extensive tour of the most exciting things Apple has to offer its large and global community of developers. Which means Animoji innovations may be on the deck for a while.

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Can Atari Turn Nostalgia Into New Hotel And Gaming Success?

PYMNTS

Even so recent news does show that the brand — now owned by a France-based operation after Atari all but faded out after the late 1970s and early 1980s video game craze and the massive industry crash that followed — is making a play to take part in the emerging trend of making hotels more attractive to gaming-minded consumers.

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LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans

Fintech Labs Insights

In addition to securing an $8 million venture debt line from Silicon Valley Bank, the lending-as-a-service innovator reached $800 million in loans deployed to more than 35,000 borrowers, and won a commitment of $125 million from its own lending network of more than 300 credit unions and banks. Anne Sharkey, SVP Loan Operations.

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NYMBUS Raises $12 Million in Round Led by Vensure Enterprises

Fintech Labs Insights

” Killoh said technology like NYMBUS was vital in helping these FIs “survive, grow, and support their local communities.” ” Pictured: Chief Experience Officer Mario Garcia demonstrates the NYMBUS platform at FinovateSpring 2016 in San Jose, California.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Diana Chin (HR & Operations). Katerina Frolovicheva (MD, Technologies Innovations). This is a leading bank in Russia, with a track record of fintech innovation. David Carr (Innovation Manager). This is an extension of business services, powered by a local community bank. Virtual reality? Bank XXI Department).

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