MEQUON, Wis. – Mortgagebot LLC, the provider of a popular online mortgage origination platform, said last week it has acquired Netupdate Inc., the developer of loan origination software platform, for $600,000.
With the acquisition of the Bellevue, Wash., company, Mortgagebot expands its client base of banks, thrifts and credit unions to more than 900 organizations nationwide, the company said Friday.
Under terms of the deal, Mortgagebot will pay the cash consideration to
Bond yields rose after Federal Reserve Chair Kevin Warsh's second press conference last week, and bankers may have to accept higher rates as the price of a more parsimonious Fed.
Banco Santander's pending acquisition of Webster Financial got approval from the Federal Reserve Board about five months after the deal was first announced.
Brokerages are too dependent on the billions they make every year from clients' uninvested cash, industry analysts say. LPL is responding with a long-term review of its pricing.
The social media app has partnered with Cross River to manage tasks such as compliance and deposit insurance. But fintech experts say more work is needed before X can threaten traditional banks.
Big banks, including San Francisco-based Wells Fargo, are eager to defend themselves from the competitive threat posed by stablecoins, analysts say.
The remittance company and stablecoin payments platform Rain are launching Stablecard, a digital wallet and Visa secured credit card backed by Western Union's stablecoin, the U.S. Dollar Payment Token, or USDPT.
