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Odds Are That Online Sportsbook Wins Big Post-COVID

PYMNTS

Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. DraftKings already has similar arrangements with three NBA franchises: the Boston Celtics, Indiana Pacers and Philadelphia 76ers.

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Digital-only First Internet Bank retains 90% of its original customers

Bank Innovation

As upstart digital-only banks face increasing pressure to acquire and retain customers, a 20-year-old online-only bank has managed to hold on to most of its original customer base.

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Online Bank Tops List of Midsize Businesses in Indiana

Banking Exchange

One of the first online only banks was in the news this week for being a top place to work Community Banking Technology Retail Banking Tech Management Feature3 Fintech Feature Human Resources.

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Teachers Credit Union On Using Technology To Drive A Personalized Member Service Approach

PYMNTS

These include South Bend, Indiana-based Teachers Credit Union (TCU), which has nearly $4 billion in assets and serves more than 300,000 customers at 57 branches across Indiana and southwest Michigan. Some fear [that] if they join the online banking community, some tech-savvy fraudster will steal their information,” he said.

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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

PYMNTS

The company recently said it would shutter 180 out of 380 offices in the country, while putting $115 million toward its online client offering and eliminating 1,000 positions. The closings comprise approximately one in five of the firm’s branches in New York, Pennsylvania, Indiana and Ohio.

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Banks Fighting SoFi’s Banking Charter

PYMNTS

And ILC applications are not easy to get through — if SoFi manages, it will be the first firm in over a decade to have done so. However, as an online lender, SoFi does have to continually find investors for its loans, which has become more challenging as the investment market has improved in general.

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 Notaries Taking Note Of The Digital Documentation Push

PYMNTS

Notarize, the notary public platform that allows for the remote notarization of documents online, said Thursday that it raised $20 million in a funding round that brings the tally of money raised, cumulatively, to $31 million. But the move towards bits and bytes is gathering steam in a bid to bring security to far flung transactions.

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