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Mastercard Supports Women-Owned SMBs With $20M CNote Investment

PYMNTS

The financial commitment from Mastercard and the Mastercard Impact Fund deposits the money into Community Development Financial Institution (CDFI) banks and Low-Income Designated credit unions, which assists women- and minority-owned businesses in underserved communities across the U.S.

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Charles Potts: Innovation trends for 2023

Independent Banker

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs. billion in 2020 revenues.

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Nasdaq Debut Gives Poshmark More Than Double Valuation

PYMNTS

In its Securities and Exchange Commission filing , Poshmark said the platform encourages users to tap inspiration from the like-minded people in the digital community “to discover, connect, and curate their network and news feed.” . Chandra said that the platform’s seller community will be the directional guidepost. .

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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

billion in value by 2025. based FinTech, recently added a new corporate card to its portfolio of solutions. These organizations face increased demand during the holidays — when they deliver food to communities in need. This demand is driving the global expense management software market to reach $6.6 Inside The Playbook.

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SMBs Turn To Barter To Ease Uncollected Receivables Burden

PYMNTS

As a result, he said, businesses will increasingly turn to FinTechs that can offer more creative, flexible solutions to their cash flow and debt challenges. This could be an opportune moment in the history of FinTech and alternative lenders, however. An Alternative To Collections Agencies. It's a juggling act.".