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Scottsdale Community Bank: Making microloans

Independent Banker

Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand.

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Community banks see value migrating to Finastra’s Fusion Phoenix modern, open core banking system

Bobsguide

Finastra announced that 27 community bank customers are working with Finastra to upgrade their legacy core banking solutions to Fusion Phoenix. Among the banks that have recently gone live on Fusion Phoenix is Deerwood Bank. Among the migrations recently completed or underway, banks are already seeing material results.

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Community Banks Accelerate FinTech Integrations

PYMNTS

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

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5 reasons your financial institution should attend the ThinkBIG 2024 conference

Abrigo

Attendees return from ThinkBIG energized and informed so they can continue positively impacting their institutions and, more importantly, their communities. Enjoy the Arizona Biltmore, a Waldorf Astoria Resort Attending the ThinkBIG conference means enjoying the iconic and luxurious Arizona Biltmore Hotel in Phoenix.

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TRENDING: Are Credit Unions The Hipster FI?

PYMNTS

The latest PYMNTS Credit Union Tracker™ , powered by CO-OP Financial Services, features news on the latest regulation changes facing the credit union market, along with recent partnerships and innovations that are changing how credit unions conduct their lending practices. News from the credit union market.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

In addition to these technology-oriented improvements, there are also a variety of process improvements that many banks can make that are cost-free. Lending Focus – Interest Rate Sensitivity and Credit Accuracy. If you look back over any recession, it is the two years prior when banks make 80% of their lending mistakes.

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Finastra Acquires Mobile Banking Provider Malauzai

PYMNTS

Finastra , the FinTech company, announced Monday (June 18) that it has acquired Malauzai , a provider of mobile and internet banking solutions for community financial institutions (FIs). retail and business banking sectors by further enabling digital transformation for community banks and credit unions around the U.S. based customers.

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