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Nonprofit Supports Community Entrepreneurs Amid Pandemic

PYMNTS

“Quite the contrary,” says Bob Brennan, chairman of the National Expansion Council and one of the directors of a nonprofit organization called Entrepreneurship for All (EforAll) based in Boston, Massachusetts. “I They don’t have VC funds. They know they can’t start a business by investing ahead of revenue. And what is that model?

Community 148
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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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Strategies for fighting remote authentication fraud

Independent Banker

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. Examples of remote authentication fraud. By Elizabeth Judd.

Fraud 160
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Amazon Sidewalk Eyes IoT Beyond The Connected Home

PYMNTS

The movement toward stitching smart homes together to form “smart neighborhoods” hints at connectivity that extends beyond individual consumers to entire communities. The company has said the network enhancement is available at no charge. Users can turn the Sidewalk feature off if they would like.).

Boston 210
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Entrepreneurial Upscale Chefs Are Plating Recovery Plans

PYMNTS

After cherished Boston dining spot, Stella, closed its doors due to pandemic losses, chef and owner Evan Deluty couldn’t let the dream die — or his heavenly preparations disappear — and has reinvented Stella as a gourmet food truck.

Boston 205
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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

Product recommendations are an example of social proof at work – if other people have good experiences with buying a particular product, that boosts the chances that other consumers will buy it, too. The owner of an upscale hair salon in Boston is an example of a business living this reality. Saving Main Street.

Maine 199
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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

A common example of a generative AI-driven tool that many in the financial services industry are familiar with is ChatGPT, which can produce coherent and diverse texts on various topics. An example of a use case for predictive AI is Signature Bank of Georgia ’s addition of AI-driven check fraud detection software that finds fraud faster.

Examples 222