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Why community banks are partnering with fintech startups

Bank Innovation

As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Radius Bank, a one-branch Boston-based community bank with $1.2 Many are seeing partnerships as the path to growth.

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Boston Boosts Outdoor Seating For Restaurants

PYMNTS

Boston’s Hanover Street parking spots, nearly impossible to find, have been eliminated and replaced with seating for more than a dozen restaurants, the city announced on Thursday (June 11). This is not a typical community process, but the conversations will continue,” Mayor Martin J. A date for indoor eating has not been determined.

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Fed Launches FedNow Community For Instant Payments, Seeks Participants

PYMNTS

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). Montgomery, Federal Reserve Bank of Boston first vice president, in a statement.

Community 234
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What Famed Boston Eatery Petit Robert’s Owner Sees As Restaurants’ Future

PYMNTS

Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small. So far, it looks like the eatery will pull through — thanks to support it’s received from the local community to make a successful transition from fine eat-in dining to carryout and delivery.

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The community banks standing by hospitality customers

Independent Banker

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. For other borrowers, the $596 million-asset community bank allowed deferrals of principal or, in some cases, full payment deferrals. Photo: R.J.

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Nonprofit Supports Community Entrepreneurs Amid Pandemic

PYMNTS

“Quite the contrary,” says Bob Brennan, chairman of the National Expansion Council and one of the directors of a nonprofit organization called Entrepreneurship for All (EforAll) based in Boston, Massachusetts. “I They don’t have VC funds. They know they can’t start a business by investing ahead of revenue. And what is that model?

Community 148
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Amazon Same-Day Delivery Expands In Boston

PYMNTS

While there was more conjecture than proof behind Amazon’s apparent decision to exclude a Boston neighborhood from its same-day delivery service, the issue appears to be off the table now. “Demographics play no role in it,” Berman said. “Zero.”

Boston 100