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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.

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Uber Inks First Deal To Manage Public Transit

PYMNTS

Uber — or Uber’s software, to be exact — will soon be managing public transportation for Marin County in the San Francisco Bay area, the Financial Times (FT) reported. Uber, in turn, will earn a flat fee for managing the service, with a cap of $80,000.

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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales.

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Red Flags Raised Over Potential NY Fed Appointment

PYMNTS

Williams, the president of the Federal Reserve Bank of San Francisco, is reportedly being tapped to replace the retiring president of the New York Fed, but at least one watchdog has problem with that. The Federal Reserve in San Francisco is in charge of supervising the financial institution.

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FinTech Plaid Teams With Banking Platform Jack Henry

PYMNTS

Our partnership with Jack Henry helps us bring Plaid Exchange to hundreds of regional and community banks, and helps ensure millions of people can access digital finance apps and services no matter where they choose to bank, invest and manage their money,” Karvounis added.

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Farfetch Raises $250M To Grow Luxury Fashion Platform

PYMNTS

Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. We are delighted to have the opportunity to invest in Farfetch at this stage in the company’s growth story,” said Marc Stad, founder and managing partner of Dragoneer.

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GoodData Partners With Visa On Data Insights

PYMNTS

GoodData, a San Francisco-based analytics company, announced an investment and strategic partnership with Visa Inc. , one of the world’s largest digital payment providers. Terms of the deal were not revealed. The companies said they will develop data products to improve the lives of consumers and companies.

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