Remove Boston Remove Community Remove Innovation Remove Operations
article thumbnail

Why community banks are partnering with fintech startups

Bank Innovation

As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Radius Bank, a one-branch Boston-based community bank with $1.2 Many are seeing partnerships as the path to growth.

article thumbnail

What Famed Boston Eatery Petit Robert’s Owner Sees As Restaurants’ Future

PYMNTS

Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small. So far, it looks like the eatery will pull through — thanks to support it’s received from the local community to make a successful transition from fine eat-in dining to carryout and delivery.

Boston 244
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents. is already seeing a cluster of other fintech hubs emerge.

article thumbnail

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. PYMNTS explores these stories and others in this week’s Payment Rail Innovation Tracker. RTP Gains Community Bank Traction.

Fraud 266
article thumbnail

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. By Elizabeth Judd. Examples of remote authentication fraud. New account fraud.

Fraud 160
article thumbnail

Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

PYMNTS

Our team is dedicated to continuing 7-Eleven’s legacy of innovation with industry-leading digital solutions. RBS had the task of application development, food retail operations and technology connectivity, while UST Global and its partners provided the artificial intelligence (AI) solution and physical infrastructure.

Retail 143
article thumbnail

Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. In a Thursday (Aug. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov.

America 189