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Helping Community Banks Turn On The Innovation Switch

PYMNTS

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Community banking is no exception. Leveling the Playing Field.

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Payment Rail Innovators Dive Into Real-Time

PYMNTS

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added.

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Apple Grants COPAN Diagnostics $10M To Produce More Coronavirus Testing Kits

PYMNTS

Apple is tapping its Advanced Manufacturing Fund to extend a $10 million grant to COPAN Diagnostics so it can step up the production of its coronavirus testing kits. He added that COPAN Diagnostics is among the “most innovative manufacturers of sample collection kits for COVID-19 testing.” . Apple is also among numerous U.S.

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Will Apple Bank be the first new American intech Bank?

Chris Skinner

It’s a massive move towards allowing Fintech firms like Square, Stripe and Simple to become full banks in the USA, if they want to be, plus any other firm who fancies a shot like Apple, Wal*Mart and even Ant Financial (although I doubt Trump would allow the last one through). See OCC Issues Responsible Innovation Framework.

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Google, Apple Team Up To Enable Coronavirus Tracking Tech

PYMNTS

Apple and Google are collaborating on a new technology to track the spread of the coronavirus by using Bluetooth. All of us at Apple and Google believe there has never been a more important moment to work together to solve one of the world’s most pressing problems,” the companies said in a statement.

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Black Swans Are The Sandbox Of New Innovations

PYMNTS

Jim McCarthy, i2c president, says disasters often breed innovation. Black Swans Are the Sandbox of New Innovations. A few innovators do come forward with good ideas, but often the environment can’t support them past the short term. While it may take years, these good, innovative ideas often resurface when the time is right.

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Charles Potts: Back-office innovation

Independent Banker

Community bankers are embracing innovation like never before—with impressive results. But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. Community banks may also want to explore banking as a service (BaaS).