Remove Management Remove Marketing Remove Operations Remove Rhode Island
article thumbnail

Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

The Department of Justice (DOJ) recently charged two businessmen in Rhode Island with fraudulently seeking PPP loans, the first in the country linked to the loan program. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Manage PPP loans through forgiveness. learn more.

Lending 195
article thumbnail

OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

Late last year, DraftKings reported $213 million in 2019 revenue and control of about 60 percent of the market, indicating that the industry as a whole had revenue north of $350 million – and that’s only counting the direct revenue brought in by wagers. The firm entered the public markets with a valuation of $3.3

Online 134
article thumbnail

Season of Giving: How Financial Brands Are Leaving Their Mark

Social Assurance

As their communities in Massachusetts and Rhode Island neared the Holiday Season last year, Dean Bank was approached by the Town of Franklin to brainstorm ways to bolster the local small business economy. Through the first six months of operation, 443 cards were purchased with a total value of $30,860.

article thumbnail

How Big Tech Is Finally Tackling Cybersecurity

CB Insights

Its market cap seemed unaffected until July 2018, when Facebook lost around 20% of its value in one day off of news of slowing user growth. However, it’s spending time focusing on securing its smart home capabilities, especially as the smart speaker market has exploded and is projected to continue to grow over the next five years.

Google 76
article thumbnail

121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

But a few common threads do emerge, such as an inability to generate sustainable revenue, bad product-market fit, losing to competitors, and (of course) simply running out of money. Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project.

Capital 78