Tag : Paycheck Protection Program

Ramon Looby Marks Inaugural Year as Maryland Bankers Association CEO
Finance News

Ramon Looby Marks Inaugural Year as Maryland Bankers Association CEO

Fintech News Desk
COVID recovery, financial inclusion among key initiatives This week, Ramon Looby marks his first year as CEO and President of the Maryland Bankers Association (MBA). During his tenure, Looby has overseen the growth of the organization as well as the expansion of services to members. In particular, Looby points to......
Customers Bank Rebrands Signaling Future Opportunities
Banking Blockchain News

Customers Bank Rebrands Signaling Future Opportunities

Fintech News Desk
Customers Bank, a digital-forward top 100 bank in the nation with $20 billion in assets, experienced exponential growth over the last two years as a result of participating in approximately 347,000 Paycheck Protection Program loans with an aggregate value of $10 billion and the launch of its blockchain-based real-time payments......
Cross River Acquires Leading Small Business Software Provider Betterfin, Expanding its Full Suite of Offerings
Fintech News

Cross River Acquires Leading Small Business Software Provider Betterfin, Expanding its Full Suite of Offerings

Fintech News Desk
Deal bolsters Cross River’s already robust technology infrastructure and advances lending-as-a-service solutions for technology partners and small businesses across the country Integrating Betterfin’s technology from its financing management tool will enable Cross River, a leading originator of SBA 7(a) loans, to leverage its technology stack to further scale and accelerate......
Strong Bank Response to Paycheck Protection Program (PPP) Drives Record-High Satisfaction Among Small Business Customers, J.D. Power Finds
Banking Digital Payments Fintech News

Strong Bank Response to Paycheck Protection Program (PPP) Drives Record-High Satisfaction Among Small Business Customers, J.D. Power Finds

Fintech News Desk
Proactive Response Creates Opportunity for Increased Retention and Cross-Selling After getting off to a wobbly start in the earliest days of the pandemic, the nation’s banks nailed their response to the U.S. Small Business Association’s Paycheck Protection Program (PPP), managing to administer $669 billion in relief loans to small businesses......
Cross River Bolsters Its Commitment to Expanding Financial Services and Economic Inclusion to Underserved Communities
Fintech News

Cross River Bolsters Its Commitment to Expanding Financial Services and Economic Inclusion to Underserved Communities

Fintech News Desk
Contribution will further the work of the HOPE Inside network and bring financial literacy coaching and education to Cross River’s Teaneck, NJ and Brooklyn, NY branches Cross River also expands partnership with The Memorial Foundation, sponsoring the Martin Luther King, Jr. Memorial Social Justice Fellowship Program for 50 distinguished Fellows......
Blue Ridge Bank Increases Minimum Hourly Pay to $17
Banking News

Blue Ridge Bank Increases Minimum Hourly Pay to $17

Fintech News Desk
Blue Ridge Bank, N.A. (the “Bank”), the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), increased its minimum pay rate from $15 to $17 per hour, a 13.3% increase. This increase went into effect October 1, 2021. This minimum hourly pay rate is substantially above the Commonwealth of Virginia’s minimum hourly wage rate of $9.50 and......
Bank First Launches Teslar Software to Streamline Commercial Lending
Fintech News

Bank First Launches Teslar Software to Streamline Commercial Lending

Fintech News Desk
$2 billion-asset bank leveraged fintech during PPP, expands partnership to boost efficiencies across broader commercial lending strategy Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced that Bank First has implemented its sophisticated portfolio management tools, centralizing processes and increasing......
Financial Institutions Can Grow Small Business Relationships with Fintech-Powered Lending Offering from Fiserv
Fintech News

Financial Institutions Can Grow Small Business Relationships with Fintech-Powered Lending Offering from Fiserv

Fintech News Desk
Cloud-based lending and credit platform enables financial institutions to enhance the small business experience with a fintech connection Fiserv, Inc., a leading global provider of payments and financial services technology solutions, is enabling financial institutions to build their small and midsize business (SMB) programs through the launch of a cloud-based,......
Cross River and TechUnited Join Forces to Propel Entrepreneurs and Empower More Small Businesses in New Jersey
Fintech News

Cross River and TechUnited Join Forces to Propel Entrepreneurs and Empower More Small Businesses in New Jersey

Fintech News Desk
Cross River and TechUnited launch Women & Minority Business Owners Mentorship Cohort Cross River is investing in its backyard by continuing to cultivate the NJ ecosystem through job creation, community partnerships and empowering the next generation of entrepreneurs Cross River Bank, a technology-driven financial services organization that provides core infrastructure......
Ocrolus
Banking Fintech News

Ocrolus Raises $80 Million In Series C Funding To Scale Its Financial Services Focused Document Automation Solution

Fintech News Desk
Company Makes Lending Significantly Faster And More Accurate; Achieves $500+M Valuation; Expands US Operations Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, announced $80 million in Series C funding led by Fin VC at a valuation north of $500 million. The company powers document......
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