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Podcast: Inside a Community Bank’s ESG Strategy

ABA Community Banking

On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank.

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How One Bank Intends to Implement CECL – And Maybe Even Do It Early

Abrigo

The Massachusetts mutual bank has until 2023 to comply with CECL, considered the biggest change to bank accounting in the industry’s history, after FASB recently agreed to extend the deadline for smaller public and all privately held financial institutions. I think we’re on track for probably 2022, maybe late 2021.”

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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Derivative risk management. HQ: Boston, Massachusetts. Tags: Enterprise, investing, trading, risk management, security, compliance. Source: Finovate. Latest round: $7 million Debt. Total raised: Unknown. HQ: Surrey, British Columbia, Canada. Source: Crunchbase. Blockchain technology for securities.

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Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

Regulatory compliance solutions for new account opening. HQ:Pembroke, Massachusetts. Independent source of consensus credit risk. Tags: Underwriting, risk management, compliance, investing, enterprise, B2B. In total, 20 companies raised $294 million, all in equity (as far as we know). HQ: Dublin, Ireland.

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The 2023 GonzoBanker Awards

Gonzobanker

Lifetime Achievement Award (Bank) Cambridge Savings CEO Wayne Patenaude looks to end a long and successful career at one of Massachusetts’ 10 largest banks. The Holy Crap Operational Risk Award – goes to the growing threat of ransomware with bank technology vendors. Oh, and along the way, OnPoint will provide an amazing $2.5

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Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

Fintech Labs Insights

HQ: Boston, Massachusetts. HQ: Cambridge, Massachusetts. Risk Focus. Risk management for capital markets. Tags: Institutions, compliance, risk mananagement, trading, investing. Source: Crunchbase. Electronic notary service. Latest round: $8 million Series A. Total raised: $10.4 Source: Crunchbase.