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How to reduce the regulatory burden on community banks

Abrigo

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. However, the regulatory landscape continues to evolve, leaving resource-constrained community banks to cope with new demands. The second idea is community bank exemption from the Volcker Rule.

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. This demand is driving the global expense management software market to reach $6.6 Yordex offers virtual cards as well, which can be used to manage online business expenses, such as recurring subscription charges.

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

percent through 2028, according to Boston Consulting Group. 5) that it is integrating AvidPay into its BankTEL product suite, which is designed for financial institutions (FIs) to manage accounting and expenses. Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution.

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How can bank boards respond to increased regulatory scrutiny?

Abrigo

While the larger banks are receiving the bulk of attention, boards at smaller, community banks are realizing that they’re not immune to this heightened attention. Lynn McKenzie and Edmund Green of KMPG recently contributed an article to Bank Director on how boards can challenge their banks’ management on risk. Audit committee?

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‘Google Checking,’ T-Mobile Data Breach Top This Week’s News

PYMNTS

Chris Douvos of investment firm Ahoy Capital told The Wall Street Journal , “We’ve been in the middle of a rollicking party that’s gone on for five years and someone has snapped on the light switch.” The deal values Paytm’s parent company, One97 Communications , at $16 billion. Rowe Price and Discovery Capital.

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Tech Center: New York City Takes on Tech Full Force

PYMNTS

With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player. In this week’s Tech Center tracker, David Manela, manager and CRO of Fiverr , spoke with PYMNTS on how New York City is becoming a hot spot for tech. trillion (2012).

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Walmart Wants To Add $250 Billion In US-Made Products By 2023

PYMNTS

“Walmart’s $250 billion commitment to buy products supporting American jobs is having a tangible impact on communities across the country as factories expand or open to make products for Walmart stores, Walmart.com and Sam’s Club.”. manufacturing trends and insights, said that you are starting to see manufacturing jobs returning to the U.S.

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