Category: Finance

Dive Brief: BM Technologies’ $23 million acquisition of a Seattle-based community business bank has been called off, the two firms announced in separate statements last month.  The banking-as-a-service (BaaS) provider filed an application to acquire the $150 million-asset First Sound Bank in March. The deal, which the two companies initially estimated would close in the […]

Charlottesville, Virginia-based Blue Ridge Bank named Kirsten Muetzel, a 10-year veteran of the Federal Reserve, as president of its fintech division, the bank announced Tuesday. The move comes roughly four months after the Office of the Comptroller of the Currency (OCC) ordered the bank to improve its oversight of third-party fintech partnerships. Blue Ridge and […]

Payment industry acquisitions last year amounted to a whimper, compared to the roars seen in recent years. The value of payments deals plummeted to $27.2 billion, or about a third of the $76.7 billion in transactions in 2021, according to The Strawhecker Group, an Omaha-based industry consulting firm. The number of acquisitions last year also […]

Millennials have gotten a lot of flak for being irresponsible with their money. There are countless opinion pieces, jokes, and even games based on the alleged poor financial management of this generation. Baby boomers and gen Xers think that it stems from being too materialistic and shallow since millennials grew up in the age of […]

How has life insurance changed in 20 years? PolicyScout gets the facts on the changes in life insurance since 1999. We learned that overall, in 20 years coverage has grown greater than the rate of inflation and population growth. The relative cost of coverage has decreased with more competition in the industry. More people are […]

Giving to charity during the pandemic is difficult. Fortunately, there is an app that can keep donations going even when in-person services aren’t able to happen. This pandemic has turned everything in our worlds upside down. We’re either furloughed, working from home, or risking our lives in crucial jobs to keep things moving. Furthermore, we’re […]

What is the impact of COVID-19 and autonomous driving on auto insurance pricing? The COVID-19 pandemic has drastically affected many aspects of American life. Since March 2020, various parts of the United States saw a 60% drop in miles driven. Less driving has led to fewer low-speed accidents and incidents of aggressive acceleration. This begs […]

No matter where you are in the world there is one thing you must have in order to survive: money. Typically paper or coins, currency types vary by area. But what about Bitcoin? What is it? Is Bitcoin the future of money? Is Bitcoin a good investment for the future? In 2009, Bitcoin appeared in both […]

Do you need help figuring out the difference between a will and a trust? A living will, also known as an advance directive, is a legal document that specifies your wishes regarding medical treatment if you become unable to communicate your decisions due to a terminal illness, injury, or other incapacitating condition. A living will […]

GameStop used to be hot and trendy back in the late 90’s and early 2000’s. But with most entertainment going digital, it’s become more along the lines of the rare, archaic video rental store. GameStop’s brick and mortar business has been suffering for a while now. And with the COVID pandemic, it was looking to be […]