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Weekly Wrap: Apple channels fintechs with card launch

Bank Innovation

In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, speaks with Alyson Clarke, principal analyst at Forrester Research, about the following developments: With the much-awaited launch of Apple Card, the tech giant has taken a page […].

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Commercial Card Innovation Puts SMBs In The Spotlight

PYMNTS

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). This week’s commercial card innovation tracker includes the launch of business cards by American Express and Amazon in addition to one by Wyndham Hotel & Resorts and Barclays.

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Inside First National Bank of Omaha’s seven-person innovation lab

Bank Innovation

First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. The 162-year-old bank is remodeling the group's workspace to resemble a startup, with open, collaborative offices and Apple TVs adorning the walls.

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Expanding Your Loan Trading Network: 4 Lessons from Apple

Jack Henry

One company that has excelled in this area is Apple. Over the years, Apple has demonstrated the ability to leverage partners, expanding its network to achieve unparalleled success. By exploring Apple’s methodology, you can learn valuable lessons to apply to your own credit union or bank network to increase loan participations.

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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 ). Innovating for Community Banks. Community banking is no exception.

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Affirm Integrates Its Virtual Card with Apple Pay

Bank Innovation

Startup Affirm is embedding its technology into the Apple ecosystem, allowing customers to load the company’s virtual card into Apple Pay, the startup announced today. The integration will also allow customers to use “Affirm InStore” to finance purchases at physical merchant locations, Affirm said.

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Consumers Would Be Comfortable Using Google or Apple For Taking Out Loans, Survey Finds

Bank Innovation

Banks need not fear large technology companies like Google or Apple taking their business. Digital banking continues to be the most convenient option for simple daily transactions, but branches are still necessary for the more complex ones And yet banks should not ignore the shift in banking habits brought on by non-bank technology companies.

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