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Oregon-Based Simple Bank Laying Off Nearly 10 Percent Of Workforce

PYMNTS

Portland, Oregon-based online bank Simple reduced its workforce by nearly 10 percent earlier this week, marking its second round of layoffs in 2017. “We have been acting like a bank instead of a technology company.

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Data Dive, Summer Heat Edition: Venmo Speeds Up, Amex Branches Out And Walmart Takes A Pass

PYMNTS

Arizona temps grounded flights last week when they got about 120, and even the Pacific Northwest saw temperatures get up over the 100 mark in Portland. After Amazon managed to turn the retail ecosystem’s collective head with its announcement that it would be acquiring the nation’s sixth-largest grocery chain, Whole Foods Market.

Arizona 116
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U.K. Bank Joins Umpqua in Innovation Venture

American Banker

Umpqua Holdings in Portland, Ore., has found a bank partner to join in its bid to bring new banking technologies to market.

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Fintech Fundings: 25 Companies Raise $1.6 Billion Week Ending Aug 20

Fintech Labs Insights

Marketplace lender and digital banking solutions provider. HQ: Portland, Oregon. HQ: Portland, Oregon. Microlending in emerging markets. Source: Bank Innovations. Digital banking solutions. Tags: Y Combinator (YC S15), payments, mobile, wallet, Indonesia (market). Source: Fortune.

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The 2023 GonzoBanker Awards

Gonzobanker

Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp. billion bank in the Mid-Atlantic region. Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. and Summit Financial Group, Inc.

Fintech 194