Bank in Jacksonville makes most profitable list

(Courtesy of Jacksonville Business Journal) BankUnited once again becomes the most profitable bank in the state of Florida, despite its profit declining from the previous quarter. The Miami Lakes-based bank reported a profit in the first quarter in 2017 of $66.2 million, moving ahead of Raymond James Bank, which had been the most profitable bank … Continue reading Bank in Jacksonville makes most profitable list

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Morgan Stanley to curb veteran adviser recruiting

(Courtesy of Reuters.com) The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S. April 17, 2017.   Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month … Continue reading Morgan Stanley to curb veteran adviser recruiting

Jacksonville-based OnPay Solutions recognized with Fintech award

(Compliments of Jacksonville Business Journal)     OnPay Solutions, a nationally accredited AICPA service organization headquartered in Jacksonville, has been named by CIOReview as one of the "20 Most Promising Corporate Finance Tech Solution Providers" by an industry publication. OnPay Solutions offers turn-key accounts payable payment automation solutions that integrates with any ERP and accounting … Continue reading Jacksonville-based OnPay Solutions recognized with Fintech award

Fidelity National Financial sells a subsidiary for $560M cash

(Courtesy of Jacksonville Business Journal) Jacksonville-headquartered Fidelity National Financial announced Monday it had signed an agreement to sell one of its subsidiaries for $560 million in cash to a New York-based private equity firm. Fidelity purchased One Digital Health and Benefits about four years ago. The Atlanta-based company then purchased two Jacksonville-headquartered companies: Compass Consulting … Continue reading Fidelity National Financial sells a subsidiary for $560M cash

How on-demand insurance will shake up the industry

(Courtesy of Jacksonville Business Journal) On April 6th, The Wall Street Journal reported that a fintech startup called Trov (“fintech” refers to any technology innovation in the financial services industry) had raised $45 million to bring on-demand services to the property and casualty insurance market. Trov is an interesting case of how digital technology is … Continue reading How on-demand insurance will shake up the industry