Remove Capital Remove Community Remove Innovation Remove United States
article thumbnail

Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Here In The States. In the United States, sandboxes are grabbing a bit of headline space.

article thumbnail

Amazon, Cano Illustrate Growing Need For Senior Healthcare Creates Opportunity For Innovation

PYMNTS

There are currently 73 million baby boomers in the United States, more than half of whom have already passed their 65th birthday. The firm’s specific focus is on providing high-touch population health and wellness services to Medicare Advantage members, particularly in underserved communities.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Canada’s largest community credit union has announced that it is expanding its commercial network.

article thumbnail

JPMorgan Commits $25M To Aid In Customer-Centric Fintech To Help With Savings, Debt

PYMNTS

JPMorgan Chase is committing $25 million to its Financial Solutions Lab in an effort to help grow and develop FinTech solutions for people in underserved communities. The financial institution is also opening a new branch in Harlem that is specially designed for the community it serves, the bank said in a press release.

Fintech 128
article thumbnail

The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s

Gonzobanker

The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. In the first half of 2023, nearly half of the “checking accounts” opened in the United States were opened by digital banks and fintechs. 4) The creativity imperative.

article thumbnail

A bridge to affordable housing

Independent Banker

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. We worked with the Texas Department of Housing and Community Affairs to jumpstart its down payment assistance program,” recalls Schaeffer. “We

Austin 91
article thumbnail

A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. Yes, the government(s) stepped in around the world, and here in the United States, $1.5 Necessity is the mother of invention. Invention can become necessity.

Lending 148