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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). a financial services holding company based in Kansas City, Missouri. In March, Brex opened its first international office , a technology hub in Vancouver, Canada.

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

Would you like other articles on asset/liability management in your inbox? Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). The emphasis on effective systems and tools to measure interest rate risk is especially critical in the current environment.

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Health Care Companies Data At Risk Of Being Compromised

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John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken. He encouraged customers to monitor their banking accounts and other financial accounts.

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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. Lending & Credit Risk. Loan Origination System.

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How The FedNow Service Could Keep Checks In B2B Payments

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The longer it takes for payments to move, the longer it takes for us to get paychecks, for small businesses to get funds,” said Federal Financial Analytics Managing Partner Karen Shaw Petrou in an interview with the publication. It’s costly because people run overdrafts or take out short-term loans, and it’s economically inefficient.”.

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How to stress test your ag portfolio

Abrigo

The report, from the Federal Reserve Bank of Kansas City , stated that demand could remain high since futures markets for fall crops show prices are likely to remain low because of the potential for another record harvest. Agriculture commodity prices 2.

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Onward Financial’s Employer-Backed Payday Loan Alternative

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The firm offers a lending product that makes employers their employees’ partners in financial wellness , with a program that helps workers start a savings plan, learn about managing personal finance and – if needed – secure a low interest rate loan to fill in income gaps. In other words, a payday loan from the source of the paycheck.