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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. Cash flow stability is also a factor in cash management profitability.

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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. By Katie Kuehner-Hebert.

Florida 91
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Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay $250,000 Fine, Refund ICO Investors; SEC Alleges Swedish National Bilked Crypto Investors Of $1.5M

PYMNTS

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 He purportedly attracted investors with claims he managed $100 million and vows of high profits, according to the report. million, CoinDesk reported. District Court.

Florida 151
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Spotlight on lending: Commercial loan growth geographically

Abrigo

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. Specifically for businesses, are commercial loans on the rise? Nationally, the picture is a fine one.

Lending 186
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FIS Partners With Liberis For SMB Alt Lending

PYMNTS

Florida FinTech Fidelity National Information Services (FIS) is partnering with London FinTech Liberis , to offer small to medium-sized businesses (SMBs) an alternative funding source, FIS announced in a press release Wednesday (Jan. Liberis’ mission is to reshape small business finance for good,” said Howard Kramen, general manager, U.S.,

Lending 131
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 SMB Lending, Automation In B2B VC Focus

PYMNTS

FinTech investments targeting B2B and corporate services spanned the globe, with particular concentration this past week in SMB lending across India and Europe. The finding round was led by Aspire Fund Management, which contributed $2 million of the aforementioned $2.5 The firm now has 63 centers in nine cities. million tally.

Lending 116
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Gone Fishing (For Deposits)

Jack Henry

Growing up in south Florida, I spent many weekends fishing on my grandad’s boat, the Jack Pot. They translate into lucrative lending opportunities as well as fee-based commercial solutions, like payments and financial management services. Summer is my absolute favorite time of the year.

Florida 78