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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

The company has a partnership with Amazon in which it lends to customers with low credit scores. “We have confirmed none of your personal data was compromised,” the financial services company said in an email to customers. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.

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Clear Mountain Bank reaches new heights

Independent Banker

Consider, for example, its commercial lending approach. Bankers at its nine branches in north-central West Virginia and one in western Maryland spend time getting to know each customer and understanding their unique circumstances. of Clear Mountain Bank’s loan portfolio comprises commercial lending, primarily to small businesses.

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5 payments trends you should know about

Independent Banker

We’ve got capital market resets that are potentially happening, technology advancements and continued heightened digital expectations. According to a Lending Tree survey, 43% of Americans have used BNPL, up from 31% year-over-year. Colleen Morrison is a writer in Maryland. billion-asset Bank of Tampa in Tampa, Fla.

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Strategies for fighting remote authentication fraud

Independent Banker

Between 2019 and 2020, there were notable increases in fraud in the areas of car loans, mortgage lending, personal loans and lines of credit, according to a 2021 report from Javelin Strategy & Research (see sidebar, above). Elizabeth Judd is a writer in Maryland. The best defenses against fraud. High-tech and low-tech solutions.

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The United States Of Fintech: The Most Well-Funded Fintech Startup In Each State

CB Insights

Across the US, well-funded companies are rethinking how the financial system operates. California-based lending unicorn SoFi is the most well funded fintech company with just over $2B raised since 2011. D3 Technology. Click on the image below to enlarge. The company was last valued at $4.5B Inked Brands. $ Regent Education.

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The Internet of Things

Independent Banker

The technology research think tank Gartner Inc. O’Connell wonkily defines the tech concept as how “data flows off of machines to their owners and operators and also third parties.” Michael Blankenheim is a freelance writer in Maryland. Highlighting Technology Trends' in Stamford, Conn.,

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Efficiency now: 8 smart strategy tips

Independent Banker

Use technology to drive down costs. Adkins agrees that using technology to streamline backroom processes is a golden opportunity that’s not always seized. “I Community banks need to take advantage of the digitalization of banking operations.”. ? You don’t go to school to learn how to become head of deposit operations.

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