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Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. Cities in Georgia, Texas, Florida, and […].

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$175M Acquisition Turns Community Bank Into Fintech Player

Bank Innovation

Community banks can also play the fintech game. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. We are an independent bank,” said Luvleen Sidhu, BankMobile’s co-founder, regarding the acquisition. “We

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How Seacoast Bank is Leveraging Robotics Processing Automation for M&A

Bank Innovation

A Florida bank known for its growing number of acquisitions, explains how robotics processing automation (RPA) has aided in their growth strategy. Seacoast Bank headquartered in central-Florida, with $5.9 Jeff Bray, Seacoast Bank's chief operating officer, told Bank Innovation that Orlando-based fintech, EnableSoft, […].

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FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

The FinTech industry’s future could depend on the outcome of a fight between the Office of the Comptroller of the Currency (OCC) and states, according to a report in TechCrunch. The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices.

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Lendbuzz FinTech Raises $150M In Debt And Equity Financing

PYMNTS

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors. The debt funding was led by BHI, ConnectOne Bank, IDB Bank, Viola Credit and a large insurance company. “This is a significant step forward for Lendbuzz.

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When B2B Payments Innovation Is All Talk, No Action

PYMNTS

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. Heistand, while Florida Funders, Loeb.nyc, Zach Coelius, Mobile Financial Partners and angel investors also participated in the funding. “There’s big money being thrown into the B2B space. .”

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Paul Watkins, Director of the CFPB’s Office of Innovation, discusses final innovation policies in Ballard Spahr webinar

CFPB Monitor

Paul Watkins, Director of the CFPB’s Office of Innovation, joined Ballard Spahr partners Alan Kaplinsky and James Kim yesterday for a discussion of the CFPB’s final innovation policies. Alan leads the firm’s Consumer Financial Services Group and James is a co-leader of the firm’s inter-disciplinary Fintech Team.