Category: Technology

WSFS to use savings from merger to fund tech upgrades

By Dan Linehan Contributing Writer The bank is hardly alone in its need to adapt to digital disruption, but WSFS Financial Corp. is standing out for its novel way of paying for the transition. The Wilmington-based bank has found an elegant solution to funding its technology upgrades that relies on its merger with Philadelphia-based Beneficial…

College Ave Student Loans on Feb. 22 announced that it has secured a $65 million credit facility from Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners. The Wilmington-based fintech lender specializes in private student loan lending and financing. The company originates new private undergraduate, graduate and parent loans, as well as…

(AP) — Police in Delaware say an Amazon employee stole more than $100,000 from the company. News outlets report Middletown police announced Thursday that John Montoro is accused of falsifying business records to steal the money. Middletown police say he stole the sum between July and February, and tried to steal another $20,000. He was…

McConnell Johnson Real Estate and WiredScore, which measures internet connectivity in office buildings, on Tuesday announced the first certified properties in the state of Delaware. Gov. John Carney, Wilmington Mayor Mike Purzyckiand New Castle County Executive Matthew Meyer joined Scott Johnson, McConnell Johnson Real Estate partner, for the announcement. Two office towers in Wilmington’s downtown…

First State Fintech Lab expands with new advisory board

By Dan Metz Special to Delaware Business Times Business ventures in Delaware start with a sit-down and a cup of coffee. First State Fintech Lab (FSFL) hopes to use that model to establish Delaware as a fintech leader in the United States. FSFL is made up entirely of volunteers: fintech experts and enthusiasts focused on…

Marlette Funding, LLC, developer and operator of the consumer-lending online platform for Best Egg personal loans, this week announced preliminary year-end results and key accomplishments for 2018. For the second consecutive year, the company achieved GAAP profit in the double-digit millions with an estimated profit increase of 79 percent year over year. “I am very…