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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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Florida Bank Seeks Approval for Latest Digital-First Launch

Banking Exchange

Former First Green Bank CEO Keith Costello will lead Locality Bank as it seeks regulatory approvals Community Banking Compliance Feature3 Fintech Feature Management Retail Banking Technology.

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CORO Global Brings Gold Payment App To Alabama

PYMNTS

With the approval in Alabama, CORO is now available in the Apple App Store and Google Play store to residents in 13 states: Florida, Alabama, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, Oregon, South Carolina, Washington State and Wisconsin. App users can trade in U.S.

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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. Lendbuzz’s technology allows the company to tap into this market. credit history to help them secure financing for auto loans.

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Community Bank And FinTech Partnerships Gaining Traction

PYMNTS

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. They just don’t have the loans … digital [technology] puts them back in the game.”.

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The United States Of Fintech Startups

CB Insights

The fintech space is gaining momentum. Last year saw a double record of $46B invested across over 2,800 deals to fintech startups — a 92% uptick in funding year-over-year. GET THE 83-PAGE q2 2019 FINTECH TRENDS REPORT. Q2’19 fintech funding topped $8.3B, boosted by a record quarter of $100M+ mega-rounds. KEY TAKEAWAYS.

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New Report: Home Closings Go Digital With Remote Online Notary Services

PYMNTS

FinTech firms and government bodies are responding to the wave of cybercrime by developing new anti-money laundering (AML) and know your customer (KYC) technologies, particularly those leveraging biometric authentication factors. Other companies are adopting biometric identity verification solutions from third-party FinTechs.

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