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Fintech shakeout, Main Street loan quandary, PNC diversifies leadership: Top stories of the week

American Banker

New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership team; and more from this week’s most-read stories.

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The New Lending Fintech Bonanza

Gonzobanker

It was into this world that the much celebrated digital lending fintech OnDeck recently sold to Enova for $90 million, a virtual fire sale at way under 1X OnDeck’s revenue. For anyone thinking that Wall Street investment banking was separate from Main Street retail banking, commercial banking and fintech, 2020 is clearing that up.

Lending 158
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Main Street Banking: A Podcast for Community Bankers 8. Main Street Banking: A Podcast for Community Bankers Main Street Banking: A Podcast for Community Bankers is hosted by the Barret School of Banking, and posts new episodes twice a month or so. Lending & Credit Risk. Banking Transformed 2. BankTalk 3. Whitepaper.

Community 195
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CompatibL Wins at the 2022 Fintech Breakthrough Awards

Bobsguide

CompatibL is delivering on this need, with major strides toward upgrading CompatibL Cloud to show their continued leadership in delivering technology and expertise as a best-in-class cloud platform. Congratulations to the entire CompatibL team for winning our Best Risk Management Platform Award for 2022.”.

Fintech 147
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Brian Bell Navigates the Evolving Insurance Space to Provide Maximum Client Value Across Industries

Perficient

With nearly three decades of experience directing commercial lending, corporate finance, and insurance for leading brands, Perficient’s Insurance Principal, Brian Bell, stands at the forefront of our financial services practice.

Industry 221
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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets.

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The Finanser’s Week: 17th April – 23rd April 2017

Chris Skinner

A summary of the main blogs of the week … Arguing with a banker … A banker and I were talking about the function of a bank. The more I think about … An interview with yours truly on today’s issues for banks I was recently asked a set of questions by.BANK and duly answered.

America 184