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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

They are/were the business owners, demanders of capital and loans, and significant depositors. There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. And what greater meaning can they get than at a community financial institution? I'm bullish on community banking.

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Onovative Raises $1 Million in New Funding

Fintech Labs Insights

“(We) feel that this round of funding gives us the ability to continue to achieve our vision of providing community banks and credit unions with software that is simple to use and affordable.” The round was led by the Bluegrass Angels Fund.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. A few things stand out. .

Lending 101
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The Paycheck Protection Program, Round Two

PYMNTS

That’s aimed at community banks and credit unions, a move meant to rectify a flaw in the first appropriation, where mom-and-pop businesses found themselves crowded out of PPP funds by larger “small” businesses that worked with big banks. . USHG noted that it’s burning through money and facing operating losses of over $1.5

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