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CIT aims to reach homeowners through Mutual Bank of Omaha acquisition

Bank Innovation

CIT Bank hopes to beef up its outreach to homeowners associations through its Mutual of Omaha Bank acquisition, which closed last week. The bank, which announced its intent to acquire Mutual of Omaha in August for $1 billion in cash and stock, said it intends to use Mutual of Omaha’s technology to create low-cost deposit […].

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CIT buys Mutual of Omaha Bank to reach homeowners associations

Bank Innovation

CIT Bank will acquire Mutual of Omaha Bank for $1 billion in cash and stock to help grow its deposit and commercial banking business, the company confirmed on Tuesday. A spokesperson for CIT said the bank was attracted to Mutual of Omaha Bank because of its technology in the deposits and payments areas. Mutual of […].

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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions

Bank Innovation

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

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Perficient Listed in Forrester Now Tech: Application Modernization and Migration Services Report

Perficient

Legacy technologies usually mean legacy knowledge and custom-built processes, databases, and solutions that easily break and lead to unnecessary downtime. Enterprises have been modernizing and migrating applications from on-premise, legacy systems to the cloud for years. But it’s not always easy. Learn More About Perficient.

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First Bankcard, Provident Bank Team For Commercial Payments

PYMNTS

First Bankcard , a division of First National Bank of Omaha , has formed a strategic partnership with Provident Bank , First Bankcard announced Wednesday (Jan. O’Flanagan, executive vice president of consumer banking at First National Bank of Omaha. “We

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How Integrations Help Firms Manage AR, AP Data

PYMNTS

As we move toward better and more tools … that process can be automated using newer technologies.” . Powerful AR platforms and technologies are available to help, however, and clients can expect quick, easy implementation experiences that can enhance existing back-end systems. .

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TD Ameritrade Enables Instant Brokerage Account Funding Via Apple Pay

PYMNTS

TD Ameritrade, the Omaha, Nebraska online brokerage, announced Tuesday (Jan. TD Ameritrade is focused on using technology in new ways to solve real problems and ultimately streamline the investing experience,” said Sunayna Tuteja, head of strategic partnerships and emerging technologies at TD Ameritrade, in the same press release.

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