Remove Capital Remove Innovation Remove Kansas City Remove Lending
article thumbnail

Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). 1 Today, community banks are at a critical crossroads: innovate or be left behind (or acquired). . Community banks are critical to ag lending and small business lending. Background on Community Banking. Do we need community banks?

article thumbnail

Onward Financial’s Employer-Backed Payday Loan Alternative

PYMNTS

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why AI Risk Tech And Banks Could Be A Match Made In Heaven

PYMNTS

A solution, he told PYMNTS four years ago , that had nothing to do with financial services or lending at all — they were actually studying hiring and figuring out ways to track employability over time with data. Our simple idea was that better technology and better data science could improve access to credit,” Girouard said.

article thumbnail

Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

Arizona 147
article thumbnail

CFPB announces new appointments to advisory groups

CFPB Monitor

According to the CFPB, the new members “include experts in consumer protection, financial services, community development, fair lending, civil rights, consumer financial products or services, representatives of community banks and credit unions, and scholars with relevant methodological and subject matter experience.”

article thumbnail

Temenos to Acquire Kony: So What?

Gonzobanker

For Kony clients, the Temenos deal eliminates the distraction that could have been associated with an IPO and provides a strong, well-capitalized parent. This group is known to be pretty adaptive and innovative, so prepare to test the agile skills. Importantly, no one at Temenos is claiming, “It will be business as usual.”

article thumbnail

Nurturing New Businesses

Independent Banker

Of course, community banks are the primary economic engines behind small businesses on Main Street America, funding more than 60 percent of all small-business lending. However, capital isn’t the only or even primary need of startups, various business incubator experts agree. Some entrepreneurs have never raised capital.

Miami 70