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Customers Bank to Sell Digital Arm BankMobile

Customers Bank to Sell Digital Arm BankMobile

Megalith Financial Acquisition Corp plans to take the ‘banking as a service’ provider public through a listing on NYSE
Banks ‘Must Embrace New Models to Survive’

Banks ‘Must Embrace New Models to Survive’

Forrester report says banks must choose between D2C, banking as a service, marketplace selling or platform models
Credit Card Volumes Fell as Pandemic Hit: ABA Data

Credit Card Volumes Fell as Pandemic Hit: ABA Data

Spending fell as the economy closed at the end of Q1 2020 and consumers sought to be “diligent” with debts
M&A Update: Bristol County Savings buys Freedom National

M&A Update: Bristol County Savings buys Freedom National

Plus: Provident Bank finalizes SB One acquisition, and Delmar Bancorp prepares for a rebrand after merger
What the Covid-19 Pandemic Means for Mortgage Defaults

What the Covid-19 Pandemic Means for Mortgage Defaults

Default rates have yet to reflect the economic impact of the pandemic, according to Milliman – but may not be as bad as expected
Coastal Community Bank Partners with Google Pay for Mobile Accounts

Coastal Community Bank Partners with Google Pay for Mobile Accounts

Washington’s Coastal Community Bank is to launch digital accounts next year with the help of Google Pay
Heritage Southeast Bank, Ponce Bank and Red River Bank In the News

Heritage Southeast Bank, Ponce Bank and Red River Bank In the News

Heritage Southeast Bank has bought assets and hired staff from financing firm Diversified Funding Services
Varo Money: The First National Fintech Bank?

Varo Money: The First National Fintech Bank?

US regulators have granted a full banking license to Varo Money, making it the first consumer-focused fintech company to become a national bank
ABA Urges Support for PPP Forgiveness Bill

ABA Urges Support for PPP Forgiveness Bill

Support comes as Republicans have proposed another $60 billion for the small business loan fund
Fund Data Operations and Banks Have Something To Learn From An Obscure Immigrant Investor Program

Fund Data Operations and Banks Have Something To Learn From An Obscure Immigrant Investor Program

Some Americans might be appalled that wealthy foreigners are purchasing the opportunity to become permanent residents of the United States
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