Finance

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

Atlanta-based fintech Greenlight has raised $215 million in a Series C round and announced that it has achieved a valuation of $1.2 billion, giving it unicorn status.

The moves are intended to offset a protracted period of historically low interest rates and expectations of higher credit costs in 2021.

Petal, the credit card aimed at millennials and others with limited credit histories, has raised $55 million in a Series C as main street banks pull back on credit during the COVID-19 crisis.

New Enterprise Bank would focus on venture capital and private equity firms that are involved in investment between China and the San Francisco area.

The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.

As more consumers look for alternatives to credit cards, investors are flocking to point of sale credit firms, with Affirm raising a fresh $500 million.

The agency has scheduled an extra assessment of institutions' strength to incorporate more recent economic data during the pandemic.