Digital upstarts like Square, Stripe and PayPal are invading community banks' turf by appealing to local merchants with a mix of electronic payments and lending. Small banks are fighting back by leaning into digital services while maintaining their personal touch.
JoinedAug. 16, 2021
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John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.
Capital on Tap, a UK-based Fintech, has received a £450 million funding facility provided by Atalaya Capital Management, BNP Paribas, and HSBC. Capital on Tap is a finance provider for UK and US-based SMEs. Since 2012, Capital on Tap has provided over £3.5 billion of
The global finance industry, its regulators and investors pledged trillions in funding to reduce carbon emissions.
Shares in Kakao Pay, the fintech unit of South Korea’s largest messaging app operator Kakao Corp, closed up 114% in its market debut on Wednesday. The Ant Financial-backed company ended day one of trading at $163.3 (193,000 won), securing a market capitalization of $21.2 billion. Kakao Pay’s shares surged as high as $194.6 (230,000 won)...
Buy now, pay later titan Klarna announced Tuesday it had closed on a deal to acquire the price comparison platform PriceRunner.
The Sandbox, a Hong Kong-based blockchain gaming platform owned by Animoca Brands, has raised more than $90 million in a funding round led by SoftBank Group.
The White House's latest budget proposal slashes funding for a program that would allow the Small Business Administration to make direct 7(a) loans. Lenders say the idea is still misguided.
The establishment of the Office of Minority and Community Development Banking comes less than two months after the agency created an investment fund to match private investors with minority-owned banks and community development financial institutions.
ACI Worldwide (NASDAQ: ACIW), an international provider of real-time virtual payment software and services, has teamed up with Affirm, the payment network that 'empowers consumers and helps merchants drive growth.' As mentioned in a release, U.S. merchants using ACI Secure eCommerce are now able to
The hype and excitement surrounding DeFi’s impact on finance and financial technology at Money 20/20 stands in stark juxtaposition to the caution raised by the President's Working Group on Financial Markets.