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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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NEW REPORT: Behind Regions Bank’s AI-Powered Digital-First Push

PYMNTS

percent of banking customers would be interested in switching their financial institutions (FIs) if their branch experiences do not match their digital banking experiences. A digital-first approach to banking has become critical to survival, in other words. Recent PYMNTS research indicates that 34.8

Regional 109
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home.

Industry 101
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Finastra Acquires Mobile Banking Provider Malauzai

PYMNTS

With that, Malauzai’s digital solution was integrated into Finastra’s Fusion Phoenix core banking system. Since 2015, the two companies have gained more than 130 joint customers, including Wisconsin-based Horicon Bank. We’re extremely excited for the next chapter of our story with Finastra.

Mobile 100
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Fiserv Buys ACI Worldwide’s Community Financial Services Division for $200 Million

Fintech Labs Insights

The highlight of the deal, however, seems to be the technology. Jeffery Yabuki, Fiserv President and CEO states, “We are pleased to add these strong digital banking capabilities which will further enable financial institutions to serve their customers in today’s dynamic world.”. CFS solutions include: ACI’s Architect Banking.

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Fintech Fundings: 26 Companies Raised $270 Million Week Ending May 6

Fintech Labs Insights

Two Finovate alums scored big rounds: Zooz raised $24 million for its payment technology. Digital banking company. Latest round: $40 million Debt (Silcon Valley Bank). Digital bank. Payments technology. Digital banking company. HQ: Milwaukee, Wisconsin. Source: Crunchbase.