Portfolio Financial Servicing Company

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One Important Number in Financial World Will Disappear Soon

There are obviously a lot of numbers that are considered important in the world of finance. But you could make the argument that none is more important than the London Interbank Offered Rate, better known as “LIBOR”. Since LIBOR was first introduced back in the 1980s by the British Bankers’ Association, lenders around the world… Read more »

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Federal Reserve Study Reveals Increase in Card and Electronic Payments

As of a few decades ago, Americans paid for just about everything with cash or check. Every now and then, a consumer would use a credit card to make a major purchase but for the most part, they relied on cash or checks to pay mortgages, utility bills, groceries, and more. The rapid pace of… Read more »

Exterior of Bank Building`

Federal Deposit Insurance Corporation Encouraging New Banks

It might feel like there’s a new bank popping up on every corner in America these days. But, the total number of banks in the U.S. has dwindled significantly over the course of the last 30 years. About three decades ago, there were more than 18,000 banks scattered across the country. But today, there are… Read more »

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Investors Pour More Than $14 Billion Into Fintech in First Half of 2018

Investors have been pouring money into U.S. based financial technology companies for quite some time now. Investments are on the rise through the first half of 2018, according to a report released by KPMG at the end of July. The report indicated that investors put up more than $14 billion to invest in fintech companies… Read more »

Portfolio Financial Servicing Company - Portfolio Management`

Understanding Inevitable Change will Come to Equipment Finance

As with many industries, the world of financial services is in a good place. Currently, money is going in, and money is going out, and those who work in the industry are glad to be a part of it. However, there comes a time in every industry when the professionals within it have to look… Read more »