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KeyBank ups tech spend by $12M

BankInovation

KeyBank remained focused on expense management and improving its technology to stay competitive in the third quarter. The Cleveland-based bank’s noninterest expense increased to $1.1 Expense management remains a […] billion in the quarter, up by 0.4%

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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

The 39 percent reduction came as investors rejected the company’s valuation, noting it should be priced as a consumer or financial company rather than a technology business, one of the sources said, according to Bloomberg. Last month, Gilbert sought an IPO for $3.3 Rocket describes itself as the largest retail mortgage lender in the U.S.

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Cognitive Technology: A shelter in the storm of regulatory change

Insights on Business

It is also an opportunity to implement technology that can facilitate change. However, traditional technology is not the answer. More effective use of technology is key to better adapt to regulatory changes, cut costs and free up much of that locked-up capital. Companies require cognitive systems that can learn and adapt.

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Online Lending And A Tale Of Two Fed Studies

PYMNTS

The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. Cleveland’s Dark Outlook. According to the Cleveland Fed survey, the online lending customers also showed lower credit scores on average, more delinquent debt and more total debt outstanding.

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Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

Greater Cleveland Community Credit Union. Users were able to see a list of recent spending, with the ability to add and remove payments, manage subscriptions, update billing addresses and make other changes. Community Bank of the Bay. Community First Credit Union (OH). Evans Bank. Federated Bank. First Bank of Boaz.

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How Banks Have Adapted Their Digital Banking Systems To Serve Customers During The Pandemic

PYMNTS

One bank working to ensure its in-branch systems match its online capabilities is Cleveland, Ohio-based KeyBank , which operates 1,197 branches across the country and handles more than $137 billion in assets. We don’t think about digital just as a client-facing tablet,” Warder explained. “We’re Adapting to Social Distancing .

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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Cashier-less technology is one of the latest trends to dominate conversation. The technologies supporting a cashier-less environment.

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