Finance

An Israeli startup in the emerging B2B2C space that allows consumers to make payments through major messaging apps has completed a $6 million round of funding backed by Banco Santander, Mastercard and other investors.

Recent deals highlight the rush by Europe’s time-honored insurers to get in on the technology that’s changing financial services on Wall Street.

PNC and First Data see a benefit in tailoring the health care experience with a focus on the consumer, and are working to enable that process by funding a cloud-based IT company that digitizes medical office management.

The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.

Bridge Bancorp in Bridgehampton, N.Y., is looking to raise $50 million by selling common stock.

Pinnacle Financial in Nashville, Tenn., has sold $120 million in subordinated notes and will use the proceeds to retire existing debt and bolster its capital levels.

Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.

The global conglomerate Koch Industries plans to invest $2 billion in Infor, an enterprise software provider for various industries including financial services.

Franklin Financial Network in Franklin, Tenn., has filed plans to raise up to $62 million in a common stock offering.

OfferUp, a secondhand mobile marketplace, closed its latest funding round $11 million higher than previously reported and added PayPal co-founder Max Levchin as an investor.

First Republic Bank in San Francisco is looking to raise $287 million from a secondary offering.

Machine learning can revolutionize online financial management tools by not only tracking payments, but creating a way to change payment habits in the future, says John Frankel, a founding partner of the New York-based ff Venture Capital.

It is premature to say whether criticism of cross-selling and calls to break up the big banks will lead to action, but there is one area where a spinoff could actually be in the banks' interest.

First United in Oakland, Md., is looking to raise up to $9.3 million through a rights offering.

The $408 million-asset company said in a press release that it completed a private placement of subordinated debt to accredited institutional investors.

The fintech boom attracted a lot of new investors and in turn, billions of dollars into the market. But some of that money went to projects that haven’t lived up to the hype and in 2016, we’re starting to see a pullback.

Customers Bancorp in Wyomissing, Pa., is raising another $52.5 million from the latest in a series of public offerings this year.

Visa closed its acquisition of Visa Europe in late June, ending a year of negotiations and years of speculation in the payments industry.

In venture capitalist Scott Tobin's chats with fintech startups, one name kept coming up: Cross River Bank in Teaneck, N.J.

Omnichannel commerce demands multiple layers of technology, and each layer adds a risk of latency and friction at time when payment companies can least afford it.