Fintech

SBA lending is on a tear. Gulf Coast Bank & Trust is the latest institution to dive into doing this activity nationwide after buying CapitalSpring.

Seoul-based Viva Republica, which is seeing brisk growth with Toss, its person-to-person payments app, recently drew $48 million in venture capital funding. The series C funding round was led by Silicon Valley’s Goodwater Capital, along with PayPal, Bessemer Venture Partners, Altos Ventures and Partech Ventures.

League representing Florida and Alabama credit unions will pay out more than $200,000 in dues rebates, bringing the grand total returned to members in recent years to more than $1.4 million.

Farmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter.

Mobile money apps have proven to be a major force in building financial services in emerging economies, but under the hood they can be starkly different.

The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead.

The technology from MCX's CurrentC wallet, which never formally launched, will get new life with Chase Pay, which debuted in 2016 with Starbucks, Best Buy and commitments from MCX members such as Walmart.

First Florida Credit Union is touting a banner year in 2016 and says plans are underway for an even better 2017.

Republicans repeatedly claim that the Dodd-Frank Act has hurt consumers by raising costs and hampering credit availability. But the data doesn't back that up.

The move may prove particularly helpful in reaching rural parts of India, where the latest smartphone technology has not arrived.