Banking & Finance

Oct 13, 2020

Canapi Ventures Makes Investments To Fuel Digital Banking

By Jenny Callison, posted Oct 13, 2020

Canapi Ventures has been busy of late with investments to support what it considers strategic new financial technologies. Since mid-August, the firm has contributed to the funding rounds of five financial technology companies – four as the lead or co-lead investor.   Canapi Ventures is a venture capital firm investing in early- to growth-stage fintech com ...

Oct 6, 2020

Wilmington-based nCino Inc. announced the launch of its secondary public offering of 5.5 million shares of stock, according to a news release.  The stock is being sold by certain stockholders of nCino, a banking software firm. The company is not selling any shares and will not receive any proceeds from the offering, officials said in the release. "In add ...

Oct 2, 2020

Fueling Foundation's Investment Power

By Jenny Callison, posted Oct 2, 2020

While the New Hanover County Board of Com­missioners’ move toward a sale of New Hanover County Regional Medical Center has re­ceived much public attention, a parallel effort has not.   That effort – laying the groundwork for a community foundation that would invest and manage more than $1 billion from the proposed sale to Novant Health – ha ...

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Retiree Health Care Rests On Medicare. But It’s Not That Simple.

Posted Sep 29, 2020
In a recent article - you may find it by clicking here - I discussed some of the complexities of health insurance, but space did not permit addressing the special concerns of retirees. While Medicare certainly simplifies some aspects...read entire article
Oct 2, 2020

Live Oak Bank Adopts New Cloud-native Core System

By Jenny Callison, posted Oct 2, 2020

Live Oak Bank has adopted a new, cloud-native core system to run its digital banking ecosystem, according to a recent news release.   The provider of that core, Finxact, is well known to the bank’s parent, Live Oak Bancshares: Investments by its subsidiary have helped Finxact develop and grow.   Live Oak Bancshares Chairman and CEO James “Chip&rdq ...

Sep 30, 2020

Going Public Brings NCino More Visibility, CEO Says

By Christina Haley O'Neal, posted Sep 30, 2020

nCino’s change into a publicly traded company this summer allows greater visibility for nCino around the globe, said Pierre Naudé, CEO of the Wilmington-based banking software firm.  Naudé, CEO of banking software company nCino, shared some details about the company going public during a keynote virtual talk Wednesday morning, kicking off the fi ...

Sep 22, 2020

Grant Program For Small-town Small Businesses Announced

By Jenny Callison, posted Sep 22, 2020

Companies in rural communities have an economic lifeline opportunity they may not know about.   The Rural Relief Small Business Grant from LISC (Local Initiatives Support Corp.) and Lowe's provides one-time grants to businesses and enterprises in rural America that have been affected by COVID-19. LISC defines “rural communities” as having a populatio ...

Sep 18, 2020

Biz Expo Keynote: Naudé Oversees NCino's Rapid Growth

By Cece Nunn, posted Sep 18, 2020

CEO Pierre Naudé took the helm of Wilmington-based nCino in 2012, steering the banking software firm’s growth from five employees to more than 900 and from a private firm to its debut on the Nasdaq in July.   On its first day of trading, nCino’s stock skyrocketed by more than 150%. nCino, a spinoff of Wilmington’s Live Oak Bank that had $138 ...

Sep 10, 2020

NCino Reports Financial Information From First Public Quarter

By Jenny Callison, posted Sep 10, 2020

nCino marked its first quarter as a public company with reports of increased year-over-year revenues but also saw its operating losses increase. Because nCino’s IPO took place in mid-July of this year, its first quarter on the Nasdaq is the second quarter of 2020, ending July 31. Revenues for the Wilmington-based banking software company during the quarter ended J ...

Sep 4, 2020

Experts Offer Small Business Tips

By Jenny Callison, posted Sep 4, 2020

Small businesses affected by the COVID-19-related economic downturn have much to think about for the remainder of this calendar year. So say several local professionals who work with them.   “For busi­nesses that are not doing well, one of the things they need to keep up with is their income and expenses for the year,” said Tammika Brown, owner of Ta ...

Sep 4, 2020

CresCom Conversion Completed In August

By Jenny Callison, posted Sep 4, 2020

The signs are up, and the com­puters are talking to each other. As of early August, CresCom Bank is officially part of Washington, D.C.- based United Bank. The merger process began last November, when United Bankshares Inc., the parent company of United Bank, and Carolina Financial Corp., the parent company of Charleston, South Carolina-based CresCom Bank, announced a ...

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