South State Correspondent

FEBRUARY 20, 2023

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage.

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National Lending How To Community Bank 195

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

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Bank Innovation

FEBRUARY 19, 2019

Community Capital Technologies, Denizen Financial, Diro Inc., Six of the startups come from INV Fintech, this website’s sister […]. The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp.,

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PYMNTS

MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Square Financial Services will originate commercial loans to the retailers that use Square for payments. Square, Inc.

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FDIC Utah San Francisco Capital 276

Banking Exchange

MARCH 4, 2020

The bank is closing 37 branches and investing in a ‘tailored, personal and accessible’ service for clients Bank Performance Technology Retail Banking Checks/Remote Deposit Capture Cards Profitability Feature3 Survival Strategies Fintech Feature Management Financial Trends Customers Community Banking.

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Capital Online Community Bank Community 78

Bank Innovation

MARCH 25, 2019

million from its shareholders to continue growing and investing in technology this year, Banesco USA entered into an agreement recently with Silicon Valley-based accelerator Plug and Play Fintech. based bank may be a community bank, but it’s thinking big when it comes to digital transformation. Working with $11.9 The Coral Gables, Fla.-based

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Fintech Community Bank Community Technology 186

CB Insights

JUNE 21, 2021

Future of Fintech 2021 (October 5-6, NYC) will provide updates on this activity and in-depth analysis on important trends driving financial services. Here are the key topics that you can expect to learn more about at Future of Fintech : Banking . New niche & community-focused banks. Retail bank digitization.

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Trends Fintech Lending Analysis 74

BankInovation

NOVEMBER 22, 2022

Community banks and venture capital firms are joining forces through the newly launched BTech Consortium to help smaller financial institutions (FIs) invest in emerging fintech technologies to the tune of $100 million.

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Fintech Community Bank Community Capital 52

PYMNTS

NOVEMBER 18, 2016

KPMG had some bad news for the FinTech world this week. Along with CB Insights, KPMG researchers found in their latest quarterly analysis that FinTech investment by venture capitalists declined across the globe in Q3 of this year. Their “ Pulse of Fintech “ report found $2.4 Community Funded.

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PYMNTS

NOVEMBER 8, 2019

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. Another delivery of a medical prescription arrived at a nearby retirement community for a second customer. UPS subsidiary UPS Flight Forward Inc. UPS subsidiary UPS Flight Forward Inc.

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PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Synctera Brings 'FinTech As A Service' To Community Banks. million in consumer losses.

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Trends Fraud Millennials Community Bank 175

PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. Retailers that sell alcohol must be able to understand exactly which products they have in stock, and which products are generating the most revenue for the business.

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Industry Payments Retail Regulation 219

Bank Innovation

JUNE 15, 2016

Bank Innovation today officially launches BankBoost, a new app that fosters information discovery in the fintech industry. BankBoost is an “answerbase,” which means it is an app for getting questions to your fintech questions. Users can post on any fintech topic and seek answers from the Bank Innovation community.

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Innovation Fintech Community Industry 150

PYMNTS

MAY 29, 2019

The investors were led by Apis Partners LLP and FinTech investor Crossfin Technology Holdings. Crossfin reported that 46 percent of banked low-income earners in South Africa typically use cash because of limited card acceptance at micro-merchants, especially in rural and peri-urban communities.

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Cards Fintech Retail Operations 162

PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. As Eiriz explained, the small business lending community has the opportunity, and perhaps even the obligation, to embrace collaboration and dig deeper into the entrepreneurial community in order to best serve SMBs and support the broader economy.

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Bank Innovation

MARCH 25, 2019

These startups, diverse in focus, comprised a wide range of the fintech ecosystem, including payments, security and blockchain. The winner of the competition- an identity proofing and verification startup Diro Labs, received admission to the INV Fintech […].

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Fintech Seattle Conference blockchain 186

PYMNTS

JANUARY 15, 2021

Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. But it was an embedded finance FinTech that took home more than half of the funding announced. Its micro-financing portal targets SMBs that cannot access capital via traditional means. Modern Treasury. Jobandtalent.

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Capital Fintech Operations Technology 167

PYMNTS

DECEMBER 30, 2020

The B2B eCommerce space saw some of the biggest investments of the year for B2B FinTechs, a testament to investors' confidence in the evolution of the market. The Rise of the Marketplace. Online platforms are finding new opportunities to integrate payment and finance functionality right at the point of sale.

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ABA Community Banking

OCTOBER 17, 2023

Many fintech firms’ offerings are narrow, leaving them unable to meet growing businesses’ capital needs. In contrast, most banks can work with businesses as they grow. The post Cultivating small business: Banks focus on relationships and solutions appeared first on ABA Banking Journal.

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PYMNTS

SEPTEMBER 28, 2020

You cannot restructure when revenues go to zero,” he told Webster, adding that for a number of retailers and restaurants, “that’s probably the biggest liquidity crisis.”. FinTechs To The Rescue? It's not the responsibility of the FinTech sector to get businesses up and running,” he contended. Where We Go From Here.

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Fintech Examples Industry Management 291

Abrigo

FEBRUARY 12, 2020

“Macy’s closing 125 stores signals ‘more pain’ for retailers,” ABC News reported Feb. Retailers like Pier 1, Papyrus and Express are closing 1,000 stores. Community financial institution lenders, however, will want to “pick their spots” for CRE loans this year. CRE a top focus for many bankers. Learn more.

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Lending Trends FDIC Survey 195

PYMNTS

DECEMBER 11, 2018

ShopKeep , a tablet-to-cloud and point-of-sale (POS) payment platform for retailers and restaurants, has closed a $65 million round of equity and debt financing, according to the company. The debt financing piece of the round was provided by ORIX Growth Capital and Square 1 Bank, which is a division of Pacific Western Bank. “We

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Mobile Payments Software Capital 125

Gonzobanker

DECEMBER 19, 2022

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank. merges with Lakeland Bancorp.

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Community Fintech Industry Innovation 216

Bank Innovation

SEPTEMBER 14, 2018

Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech community to list what’s top on their innovation wish list.

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Innovation Survey Fintech Community 186

PYMNTS

OCTOBER 17, 2017

Ultimately, that effort was pushed back by a coalition of unions, consumer groups, community banking groups and legislators that did not trust Walmart’s business plan or intentions once they had the license and FDIC deposit insurance in hand. That lending operation has been fairly successful for Square, and has lent out over $1.8

Industry 108

Industry Fintech FDIC Community Bank 108

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First Community Bank of the Heartland, Inc.

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Community Bank Community National Philadelphia 172

PYMNTS

OCTOBER 23, 2018

Conductor, which has been backed by Riverwood Capital since 2014, is a key technology processing platform for retailers, banks and other companies in Brazil, according to the press release. The payment reinforces an existing partnership between the two, Visa noted in the press release.

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Company Payments America Regional 128

PYMNTS

FEBRUARY 15, 2019

challenger banking market saw a flurry of venture capital (VC) activity this week, as FinTech firms aim to disrupt small business (SMB) financial services (FinServ). million in Series A funding this week, led by Singapore-based BEENEXT and 3one4 Capital, reported VCCircle. Open Financial Technologies.

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Capital cryptocurrency Operations Financial Technology 122

Bank Innovation

FEBRUARY 11, 2019

Cambr, a cloud-based platform powered by investment firm StoneCastle and digital banking software provider Q2 Holdings, is helping neo-banks and fintechs launch and scale up through a network of 850 community banks.

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Community Bank Community Software Innovation 170

PYMNTS

AUGUST 26, 2016

That couldn’t ring truer for the state’s capital, which many consider to have a tech scene bursting with potential and growth. Last year, 147 companies in Austin’s digital tech ecosystem raised more than $966 million in new capital, with more than $3.9 Austin’s startup community has seen a big transformation over the years.

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Austin Fintech New York City Community 100

PYMNTS

APRIL 30, 2018

Tightening up their risk models to serve a more Prime-like customer means LendingClub would look like every other digital lending platform competing for the most creditworthy of customers: competitors with healthy balance sheets, a lower cost of capital and a broader digital consumer platform to offer consumers. Take Goldman Sachs and Marcus.

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Fintech blockchain Lending Digital Banking 183

PYMNTS

DECEMBER 11, 2017

In the latest round, GIC was joined by Khosla Ventures, Spark Capital, Lightspeed Venture Partners, Founders Fund and Ribbit Capital, among others. In April, Affirm reported it had processed more than 1 million consumer installment loans made by Teaneck, New Jersey-based community financial institution Cross River Bank.

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New Jersey Capital Apple Google 100

Gonzobanker

MARCH 21, 2024

Of small business owners who applied for a business loan in early 2023, 6 in 10 found it difficult to find affordable financing, and overall, 77% are concerned about their access to capital according to a survey from Goldman Sachs. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital.

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Lending How To Capital Data 78

PYMNTS

DECEMBER 7, 2020

Firms with strong balance sheets, he said, have been in a position of strength to capitalize on select opportunities. Smaller enterprises, he said, gravitate toward faster FinTech adoption to solve business problems. People are revaluating their footprints and rebalancing their retail footprints,” he told Webster. “In

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Google Examples Regional Lending 282

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Any community bank that believes it can keep up and thwart millions of attacks per second is fooling itself. Big Idea – Building a New Digital Retail Brand is Fool’s Gold. Small Idea – How Do I Sell to Machines?

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Conference Technology Las Vegas Trends 195

NCR

MARCH 7, 2018

Initially, a wave of fintech startups were viewed as posing the main threat, but more recently, it has been suggested that it is the bigger tech players – the likes of Google, Facebook and Apple – that may pose the biggest challenge. ” The post Could regulation changes make retailers the next big threat to banks?

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Regulation Retail Community Bank Community 53

ABA Community Banking

FEBRUARY 21, 2017

Moven founder considers both sides of regulation, charters, and capital Retail Banking Technology Channels Fintech.

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Regulation Fintech Capital Retail 45