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Citi sees surge in corporate online account opening amid pandemic

American Banker

The quarantine and Citi's shift from hardware to software tokens have led to a 300% spike in commercial clients' opening of accounts online as well as increased digital banking use.

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Bringing digital banking tools into the 21st Century

Banking 2020

Fiercely competitive design and engineering fields can leave banks struggling to hire the front- and back-end talent they need to build advanced websites and apps. Banks can also have a tendency to get stuck in their ways, prompting a complacent approach to technology and an ignorance of new trends in software framework.

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Wave Financial bundles bookkeeping and banking in one account

American Banker

The maker of accounting and invoicing software is, with the help of a community bank, the latest fintech to cater to small-business owners.

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The tech Sunrise Bank used to quickly dole out PPP loans

American Banker

After initially processing the loans manually, the Minnesota bank turned to "low code" software to build the electronic forms and workflows needed to approve loan applications. The result: a more than fivefold increase in the number of loans it could process in a day.

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Intuit QuickBooks adds bank account to its bookkeeping services

American Banker

The accounting and payroll software provider’s QuickBooks Cash account is fee-free and integrates with other products the company offers small businesses.

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To decide fate of branches, banks refine their data models

American Banker

All banks are having to rethink their branch networks during the pandemic and beyond, and analytics software is helping. BBVA and Rockland Trust have taken a highly numbers-driven approach to branch reopenings.

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Online lending startup Amount raises $81M in round led by Goldman

American Banker

The tech firm spun off by Avant, which licenses its lending software to banks, has now raised $140 million this year.

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