article thumbnail

CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

article thumbnail

Varo Achieves Milestone AsĀ First Consumer FinTech To Get National Charter

PYMNTS

the San Francisco-based online bank, had the last laugh. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. Varo Bank N.A.

National 172
Insiders

Sign Up for our Newsletter

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

article thumbnail

Car Talk: How One Bay Area Limo Fleet Rolls With The (Pandemic) Times

PYMNTS

He has grown from a small group of vintage cars in the San Francisco area to a global, tech-savvy transportation network in four countries with 1,500 cars. People were just canceling events, conventions ā€¦ there were over 37 conventions in San Francisco that represented close to $1 billion of business coming into the city.

article thumbnail

Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. It has also begun work in stock trading and cash management accounts.

Report 269
article thumbnail

ICBAā€™s 2021 National Community Bank Service Award winners

Independent Banker

ICBAā€™s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. ā€œI

article thumbnail

Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The banks have also agreed to share data on emerging markets.

Fintech 211
article thumbnail

Salesforce Sets Up ā€˜Work.com For Vaccinesā€™ To Handle COVID-19 Programs

PYMNTS

San Francisco-based Salesforce is gearing up for expected COVID-19 vaccination campaigns by setting up Work.com for Vaccines, which will ā€œhelp governments and healthcare organizations more safely and efficiently manage vaccine programs,ā€ the company said in a press release.