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How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Community banks cannot match software companies or larger banks in spending and IT development.

National 195
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Bank Santander, BBVA, Other Spanish Companies Create National Network Using Blockchain

Bank Innovation

EXCLUSIVE — Spanish banks, along with certain Spanish telecommunication companies, have come together to establish a national network based on blockchain. The consortium is called Alastria.

National 267
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First National Bank Plans Online SMB Lending Portal

PYMNTS

First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to create the solution. The firm’s CEO Greg Schreacke said it is “pleased” to partner with First National Bank and “to offer our cloud-based digital lending solutions to their customers.”.

National 108
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Online Sales Projected To Settle At 16.5 Pct Growth Rate

PYMNTS

While web users have harnessed eCommerce in numbers that haven’t been seen before amid the COVID-19 heath crisis, eMarketer forecasts the worldwide retail online shopping sales will slow down to a 16.5 The firm forecasts an overall $3.914 trillion in online shopping sales in 2020 per an announcement. percent in 2019.

Online 237
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More Chinese Companies Could Be Banned By Trump

PYMNTS

President Donald Trump is not done banning online Chinese companies from doing business in the U.S. In his order to ban TikTok , Trump said there was credible evidence ByteDance is a threat to the country’s national security. “If Chinese companies are rushing to launch U.S. When asked at a news conference Saturday (Aug.

Company 248
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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

the San Francisco-based online bank, had the last laugh. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. Varo Bank N.A.

National 172
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Live Nation Settles With DOJ Over Ticketmaster Antitrust Violation

PYMNTS

Live Nation Entertainment reached a deal with the government, resolving concerns that the company had violated a 2010 antitrust settlement. However, the DOJ has been investigating the possibility that Live Nation has violated the terms of its agreement by possibly coercing people to use Ticketmaster.

National 130