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Small banks: Big challenges and big opportunities

Abrigo

For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Balance runoff is picking up speed, according to financial consulting firm Curinos.

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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise. 115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported.

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Oportun Personal Loans Review: For Borrowers With No Credit

MyBankTracker

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. Unlike Oportun, traditional lenders usually look at your credit score when making a lending decision. Designed for borrowers with no credit.

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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). Canopy Tax (formerly Beanstalk). Tax & accounting practice management. Louis, Missouri. Tags: Lending, underwriting, consumer, loans, P2P, crowdfunding, investing. billion valuation.