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The company could use proceeds from the planned offering to add branches and make bigger loans.
February 20 -
Just two months after a capital infusion, First Capital Bancshares added banking veterans including John McCoy and Harvey Glick as directors in a board overhaul, changed CEOs, and decided to move its corporate headquarters to Charleston, S.C.
February 16 -
Freddie Mac posted a fourth-quarter net loss of $3.3 billion and will request $312 million from the Treasury after recent tax reform legislation forced it to write down the value of deferred tax assets.
February 15 -
U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge.
February 15 -
Payworks has raised $14.5 million in a Series B funding round with several participants including Visa and CommerzVentures.
February 14 -
The investment continues a trend of banks focusing on commercial payments technology.
February 14 -
Pacing is one of the largely unchallenged themes of fintech—new ideas come up every few months that require an almost constant state of new tech deployment. But it doesn't really work that way, says Steve Sarracino, CEO and founder of Activant Capital.
February 14 -
Tipalti, whose platform automates domestic and international accounts payable, has raised $30 million in a Series C financing round led by Zeev Ventures, bringing its funding total to $50 million.
February 13 -
Payfone, which provides technology to confirm customer identities, has secured $23 million in a funding round led in part by Synchrony Financial.
February 13 -
Cambridge Bancorp in Massachusetts is looking to prove to entrepreneurs that it is in the business for the long haul.
February 9 -
The plan would harmonize a 2015 rule establishing swap margin requirements with a later policy that imposes restrictions on certain qualified financial contracts.
February 5 -
The private equity firms plan to sell a total of 3 million shares in the Houston company in coming weeks.
February 2 -
Dishonestly taking advantage of false membership in a group to score a discount sounds like something most people wouldn't dare do, but it's enough of a threat to retailers that investors see future returns in technologies that guard against it.
January 30 -
Earnings at the Santa Clara, Calif., company were boosted by a 16% increase in lending and gains on the company's investments in Roku.
January 25 -
Bank of Montreal is open to more deals with cannabis companies, as long as those firms can get past "traps" in the lender's due diligence process, Chief Executive Officer Darryl White said.
January 25 -
Tender Armor, which offers a fraud-prevention tool that requires consumers to enter a special code for each online purchase, has attracted private equity funding to expand its development three years after the company’s inception.
January 25 -
A fintech investment surge is underway across Europe. What’s unknown is how the looming Brexit situation may affect the U.K.’s strong fintech momentum, and where exactly funds would flow if talent and startups flee Britain.
January 24 -
SoFi's experience shows that the most prominent names in fintech, while generating massive financial support, still operate in a very volatile world.
January 23 -
Stepping in after co-founder Mike Cagney's resignation, Twitter's Anthony Noto needs to overhaul the firm's corporate culture, lay the groundwork for an IPO and determine whether to renew SoFi's pursuit of a bank charter.
January 23 -
Paytronix Systems has received a $65 million private equity investment from Great Hill Partners to power its development of payment and loyalty systems for restaurants.
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