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Are banks taking advantage of the CECL extension?

Independent Banker

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza.

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Fintech Fundings: 30 Companies Raise $100 Million Week Ending Dec 11

Fintech Labs Insights

Four Finovate alums were among the bunch: CBANC Network took in $4 million for it’s community bank information network. BankersLab received an undisclosed investment towards its commercial lending training & compliance tools. HQ: New York City. Real estate lending marketplace.

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37 Corporate Innovation Labs In Finance

CB Insights

Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin. Partnership Fund for New York City and Accenture — FinTech Innovation Lab. Fidelity Estate Planner was the brainchild of the FCAT and Labs teams.