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Why a community bank in Missouri is investing in core banking startup Neocova

Bank Innovation

Together with a group of other community banks, Bank of St. Elizabeth recently invested in Neocova, a St. Louis-based core banking startup that targets […]. Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future.

Missouri 221
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FIS, The Clearing House Partner To Connect Small, Mid-Sized Lenders To RTP

PYMNTS

Financial institutions can take advantage of the network without the need to hire additional staff or make significant upfront capital investments, FIS said in an announcement on Wednesday (Sept. First Bank of St. Louis, one of the largest privately-owned banks in the U.S.,

St. Louis 130
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Experimental Robot In Supermarket Booted From ‘Job’

PYMNTS

It turns out the innovation wasn’t meant to be. Financial services firm Cornerstone Capital Group projected robots will capture between 6 and 7.5 A robot named Tally trawls the aisles of St. The robot simply couldn’t direct shoppers. The device also struggled to filter ambient noise in the store.

St. Louis 121
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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fintech 148
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. Louis Fed : [S]mall-business loans—i.e., economic ecosystem. economic ecosystem.

Lending 243
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This Time, We Want You To Drink The Kool-Aid

PYMNTS

Though native to Nebraska, the people of Memphis, Tennessee, drink the most Kool-Aid in the nation, followed by Little Rock, Arkansas; St. Louis, Missouri; Oklahoma City, Oklahoma; and Jacksonville, Florida. Whether it’s FI’s fascination with bitcoin three years ago – which, by the way, continues with the recent news of Coinbase’s $1.6

Nebraska 131
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Last Chance for FinovateFall 2014 Early-Bird Tickets!

Fintech Labs Insights

Based on that surge, we''re now projecting a Finovate record audience of over 1,300 innovators, entrepreneurs, executives and investors! Gartner IBM Jack Henry Liberty Mutual MassMutual MasterCard MACU New York Life Nordea Oliver Wyman Paypal Primerica PwC QED Investors RBC Rockland Trust Route 66 Ventures S&P Capital IQ SAP.