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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264
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Here is The Math Behind the High-Yield Account

South State Correspondent

There have been many a banker who has said they want to offer a high-yield account because the “higher interest expense is just like paying marketing costs.” However, the majority of customers require a referral, a marketing effort and a sales effort to bring them in the door. The economics look something like the below.

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Market Commentary: Week of June 29, 2020

SWBC's LenderHub

Florida, Texas, Arizona, and California dominated the headlines, as it certainly appears that the so-called “First Wave” of the virus has not ended yet. COVID-19 has pounced on some of our largest population centers that began relatively aggressive economic re-opening campaigns in mid to late May.

Marketing 148
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Community Banks Debut FinTech Alliance

PYMNTS

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” Here In The States. In the United States, sandboxes are grabbing a bit of headline space.

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Robinhood's Newest Funding Round Grows To $660M

PYMNTS

Trading FinTech Robinhood Markets Inc. Sequoia, Andreessen Horowitz and 9Yards Capital are among some of the backers providing the new funds. In August, Robinhood Markets unveiled a $200 million Series G fundraising, bringing its valuation to $11.2 billion. “For

Arizona 178
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Delivering A Secure Seamless Banking Experience In The Age Of COVID-19

PYMNTS

One such player is Arizona Federal Credit Union (Arizona FCU), which is working to offer improved access to its 130,000 member-owners. These solutions are playing a particularly important role as bad actors ramp up their attacks to capitalize on chaos and confusion arising from the ongoing pandemic.

Arizona 159
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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. As can be seen, Arizona and Texas have the largest increases in credit risk, while Minnesota and Maine are the most stable. ” The reality is that banks should be much more granular than that to allocate capital more efficiently.

Trends 195