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VCs Back Autobooks For SMB Banking

PYMNTS

Banks and credit unions are looking for differentiated product offerings that not only deliver value for their members, but create new revenue streams and lending opportunities.”. We are really pleased to have such a strong group of local and national investors, including VC funds and a strategic partner,” Robert said.

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VW Will Build Its Own Connected Vehicle Software

PYMNTS

Volkswagen has a $4 billion plan for connected and autonomous vehicle technology, one that includes a proprietary software operating system and will support car sharing, delivery and other services. A “new software operating system, to be known as ‘vw.OS’ … will be introduced in VW brand electric cars from 2020 onwards.”.

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Five Straight Years on Top

Independent Banker

Detroit Lakes, Minn. To be responsive we need a talented lending team, and one way we have built this talent is by having every lender as a member of our Officer Loan Committee for at least one quarter during the year. Midwest Bank operates efficiently and yet provides excellent customer service. Midwest Bank. ROAA in 2015: 2.16

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VC Seems To Fizzle Out For B2B FinTechs

PYMNTS

Instead, VCs leaned conservatively toward a mix of B2B FinTechs operating in the financial management space for small businesses (SMBs) and in the treasury management market for mid-level and larger enterprises. Alternative Lending. All in all, investments totaled more than $178.6 Catfoss Finance. The firm provided funding to U.K.

Fintech 100
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Ally Financial Acquires TradeKing for $275 Million

Fintech Labs Insights

TradeKing an online brokerage firm that prides itself on straightforward, low pricing has been acquired by Detroit-based Ally Financial (NYSE: ALLY), a publicly-traded financial services company primarily known for auto-lending. billion in assets under management, will operate under the branding of Ally Financial.

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