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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions

Bank Innovation

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

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Credit Card Charge-Offs Reach Highest Rate Since 2009

PYMNTS

Capital One wasn’t far behind at 5.31 Omaha-based First National Bank rounded out the top three at 4.21 Capital One responded that it had not loosened its standards. Synchrony Financial saw the highest charge-off rate at 5.4 percent, up from 4.84 percent the previous year. percent, up from 4.23 percent in 2016.

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

PYMNTS

Customers Bank and its BankMobile division, First National Bank of Omaha, First Federal Bank of Kansas City and Accion Chicago are all slated to partner with Upstart to extend a white label version of its lending platform to their customers.

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The ICBA 22/23 executive committee is all in

Independent Banker

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. Omaha, Neb. ICBA at-large directors (from left).

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Deep Dive: Why CU-Issued Credit Cards Face An Uphill Battle

PYMNTS

Roosevelt in 1934, gave the National Credit Union Administration (NCUA) the authority to set maximum credit union interest rates. The largest of these is the interest cap, which may be advantageous to customers, but makes it more difficult for CUs to compete with other card issuers due to a lack of capital. First of Omaha Service Corp.

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Data Dive: And The Winner Is Edition — SMBs Worldwide, DoorDash And Gun Regulation

PYMNTS

This new round of capital will help us further our mission of connecting communities around the world through last-mile delivery,” CEO Tony Xu said. SoftBank Group led the round, along with participation from GIC, Wellcome Trust and Sequoia Capital.

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D3 Digital Banking Platform Goes Live at First Tennessee Bank

Fintech Labs Insights

A part of the First Horizon National Corp, First Tennessee Bank has top deposit market share in Chattanooga, Memphis, and the Tri-Cities, and top five deposit market share in Knoxville and Nashville. Founded in 1997 and headquartered in Omaha, Nebraska, D3 Banking demonstrated its Small Business Banking solution at FinovateFall 2015.