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Live Oak outpaces larger rivals in moving core system to public cloud

American Banker

The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs.

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Even in pandemic, small banks forge ahead with core conversions

American Banker

Many community banks, like Peoples Community in Wisconsin, say they proceeded despite the technological challenges presented by social distancing because the crisis has exposed the shortcomings of their digital systems.

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FI Highlight: Farmer’s Exchange

Banking 2020

Earlier this year, Farmers Exchange Bank , a 57-year-old community bank with four branches across Alabama, went live with its new SaaS platform, Temenos Insight. Blair Osmer, Farmers Exchange Bank. How did this change your operations from the previous system? You recently implemented a new analytics solution.

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Biometric security not all it’s cracked up to be?

Banking 2020

Hackers breached its systems and stole the fingerprint records of 5.6 The US government is taking this seriously and has commissioned an interagency working group, including the FBI and members of the intelligence community, to review the potential ways fingerprint data could be misused. million individuals.

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The Mother List of All Banking Books

Jeff For Banks

2019 Mehrsa Baradaran Baradaran, Mehrsa The Color of Money: Black Banks and the Racial Wealth Gap 2019 Neil Barofsky Barofsky, Neil Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street 2012 Patricia Beard Beard, Patricia Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley 2007 Ben S.

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Banks: sink or swim with FinTech players

Banking 2020

To ensure they do not get left behind by this disruption, banking institutions must adopt a fresh approach that focuses more on innovation. Therefore, they need to see emerging FinTech players not necessarily as competitors, but potential partners that can help them develop improved payments solutions and meet customer expectations.

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?? Generations X and Y’s “Culture of Convenience” driving financial institutions toward “mobile-first” omnichannel structures

Banking 2020

The trend towards increased smartphone adoption as the central computing device for many households is driving a demand for “ mobile first design ” wrapped in iron-clad security measures, among customer-facing banking and financial institutions. The most autonomous and transparent currency, it is not governed by any monopoly of power.

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