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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

As more government entities introduce measures to aid SMBs, banks and FinTechs have launched their own programs this week to accelerate access to much-needed capital for their SMB customers. have launched new crowdfunding programs to support SMBs’ need for capital. Below is a roundup of some of the most recently announced measures.

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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. Adopting technology does not mean community banks have to sacrifice their signature relationship banking or become online institutions. Technology is an obstacle and an opportunity.

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

PYMNTS

And, as is traditional with online lenders, Upstart can do that online, in a couple of minutes, after a consumer has filled out an application. Over the term of the loan, he observed, the firm tends to see its customers’ traditional credit scores increase by 20 to 30 points on average.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

Just ask Carvana, the leading online automotive seller and a major force in changing the way people buy cars. This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”.

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Amazon Walmart Whole Paycheck Tracker: Better Delivery By Any (And Every) Means

PYMNTS

The InHome service will launch in three cities to start: Kansas City, Missouri; Pittsburgh, Pennsylvania; and Vero Beach, Florida. Eckert most recently was at Bain Capital Ventures, where he has been evaluating potential new investments and advising CEOs of existing portfolio companies as executive in residence. “As

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Capital One quit mortgage late in 2017. Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services.

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