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Beautycounter Embraces D2C Innovation With Purpose

PYMNTS

No matter how innovative they are, companies still need to get paid. And not many companies this year have combined business model creativity with payments innovation more than Beautycounter. We’ve listened to our community and their requests for different payment options – more and more retailers are offering this as an option.

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Interest Rate Risk and Your Fixed-to-Floating Rate Mix

South State Correspondent

For decades community banks have structured fixed-rate loans with adjustable features – the most popular structure is a ten-year fixed-rate loan with a five-year reprice. With short-term interest rates expected to rise through 2022, many community banks are reconsidering their ALCO strategies.

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Electric Vehicles Join The On-Demand Economy

PYMNTS

Envoy provides users with on-demand, shared EVs for a host of communities — spanning hotels, apartments, offices and other locations — through a concept termed “mobility as an amenity.”. Ohana told PYMNTS that “the idea of sharing a vehicle within community makes a lot more sense than publicly accessible shared mobility.”

Community 280
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1Q 2023 Loan Pricing Update

South State Correspondent

2022 will go down as one of the worst years for community bank loan mispricing when viewed on a spread basis. Rapidly rising rates crushed performance as many banks held a fixed rate constant and/or booked a fixed rate loan at a misguided level. This asymmetric pricing explains why many community banks go terminal during a downturn.

Lending 195
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Mostly, this means getting innovative with deposit and payment products. Remember all those five-year fixed-rate loans you booked at 4%? Develop a more innovative process. Despite all the talk about innovation, banks remain slow with their time to market for new products. Yeah, that was a mistake. Conclusion.

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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.

Fintech 194
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The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. In some respects, AOBA 2022 felt a bit like bank executives wanted to “fake it until they make it” with their future innovation and fintech.

Fintech 166