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The tech Sunrise Bank used to quickly dole out PPP loans

American Banker

After initially processing the loans manually, the Minnesota bank turned to "low code" software to build the electronic forms and workflows needed to approve loan applications. The result: a more than fivefold increase in the number of loans it could process in a day.

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Fintech Deals to Watch: Growing in the Digital World

Gonzobanker

Led by prior SoFi and LendingClub bank acquisitions, Square’s industry bank charter approval, and Revolut’s bank charter application, the interest here continued, although at a lower pace, including a couple of deals here: BM Tech (formerly BankMobile Technologies) acquired Seattle-based First Sound Bank M1 Finance acquired Minnesota-based First National (..)

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2020 GonzoBanker Awards

Gonzobanker

Bank Deal of the Year PNC nabs BBVA USA – paying 1.3 This is a classic bank deal – one acronym buys another at a good price and plans to cut the hell out of cost while adding markets. Credit Union Merger of the Year Minnesota-based Firefly and TruStone credit unions come to terms on a solid combination in the Twin Cities area.

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The case for end-to-end digital lending

Independent Banker

“In order to stay competitive, we thought it was important to have various digital loan offerings available for our customers.”. Chris Jundt, First State Bank & Trust. Community bankers are increasingly recognizing that the future of digital lending is here. Beth Mattson-Teig is a writer in Minnesota.

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CEO Roundtable: Ideas for a successful 2023

Independent Banker

West: We have a major initiative to significantly improve our digital delivery system. On the heels of that, we’re going to build a new digital banking platform and data warehouse. It’s a major undertaking for a bank of our size. “It Beth Mattson-Teig is a writer in Minnesota. Colleen Morrison.

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Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Labs Insights

HQ: Minnesota City, Minnesota. Tandem Bank. Digital bank. —– *We include digital consumer real estate platforms in our definition of fintech companies. Tags: Consumer, banking, lending, mobile. Source: Crunchbase. Bright Health. Consumer health insurance plans. Total raised: $80 million.

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Can AI Turn Banks Into FinTech Firms?

PYMNTS

That includes, at the most basic level, mobile and digital banking. A full 90 percent of consumers said their top online activity was personal banking , according to the latest edition of PYMNTS’ Digital Banking Tracker — and 60 percent reported regularly using at least one financial services app.

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