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CheBanca! goes further than most financial institutions to foster fintech entrepreneurs. It's not only sponsoring competitions for money and mentorship, but also working to give the young companies international exposure.
November 25 -
Wintrust Financial in Rosemont, Ill., reported third-quarter earnings of $40.2 million, as increases in interest and fee income were partially offset by heavier expenses.
October 16
Wintrust Financial in Chicago has
The $19 billion-asset company said in a press release Tuesday that Wintrust Ventures will provide financial and advisory services to local technology incubators, angel investors and venture capitalists.
"You can't approach it like traditional bankers," Edward Wehmer, Wintrust's president and chief executive, said in the release. "Standard banking services may work for some, while others are looking for advice or equity partners."
In addition to traditional banking services, the new division will make equity investments in select companies and provide a range of networking opportunities.
The move adds Wintrust to a growing list of banks that have launched business lines to focus on digital innovation.
