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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. Being months away from bankruptcy, Kim launched a bold five-step plan driven by a strategy around innovation.

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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. Innovation On The Rise.

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A gift that will keep on giving

Independent Banker

It may be celebrating its 150th anniversary, but First National Bank of Fort Smith didn’t want presents this year. billion-asset The First National Bank of Fort Smith (FNB) was founded on Feb. The clubhouse at the Jeffrey location, a community gathering place since 1978, was in dire need of improvements. By Paul Sisolak.

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Around The World In FinTech Innovation

PYMNTS

Over the past eight weeks PYMNTS has cast a weekly global spotlight on one of the many tech hubs fostering innovation and tech advancements across the world. Entrepreneurs and investors across Australia’s largest city are working to revamp the tech community, with the intention of transforming Sydney into Australia’s own Silicon Valley.

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Canadian Firms Spending $5 Billion On Payments Processing

PYMNTS

“Business leaders can prepare to take full advantage of the changes now by paying more attention to the way they make and receive payments, examining the inefficiencies in their existing processes and becoming more informed about the coming changes to national payment systems.”.

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Elder Financial Exploitation During a Pandemic: An Issue We Can’t Forget

Abrigo

According to Rachel Pourtnoy, Community Engagement Specialist with Adult Protective Services, elder financial exploitation is on the rise during this unprecedented health crisis. FinCEN Strengthens Commitment to Digital Innovation. Front line staff, as well as BSA professionals, should be trained on EFE red flags. BSA Software.

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From AT&T To Xerox: 65 Corporate Innovation Labs

CB Insights

Corporate innovation is critical for established companies looking to stay relevant in the face of disruption from up-and-coming startups. With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Innovation Lab Name: HP Labs.