Independent Banker

AUGUST 31, 2021

The payments space can be dizzying for even the most enterprising community bank. Banking-as-a-service (BaaS). Cryptocurrency. Central bank digital currency (CBDC). For example, enabled by application programming interfaces (APIs), many community banks are embracing fintech solutions. Faster payments.

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Trends How To Payments Community Bank 91

The Financial Brand

DECEMBER 16, 2021

A small Florida bank seeks to fill a niche by serving riskier businesses — nationally — that other financial institutions shy away from. The post Why (and How) a Community Bank Cultivates Crypto & Cannabis Clients appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Community Bank Community Florida Banking Trends 33

BankInovation

OCTOBER 6, 2021

based commercial and retail community bank Vast Bank is offering crypto banking as a service to banks looking to offer crypto services without implementing their own technology. Vast rolled out its crypto banking service in its new app in late August. Tulsa, Okla.-based

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PYMNTS

NOVEMBER 18, 2020

Among Visa's partners are Alipay, mPesa, Tencent, Bitcoin (and other cryptocurrencies). But even though these FinTechs operate separate payment technologies that could compete with Visa, he said, what has become increasingly apparent from its deal list over the last several years is that globally, the perspective is shifting. “We

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PYMNTS

OCTOBER 8, 2018

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. community banks and small business lending. Crypto Regulations. The one million euros will be spent through 2019, according to reports.

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PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., where challenger banking has flourished in recent years. Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance.

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Gonzobanker

JANUARY 4, 2022

In 2022, community banks and credit unions will have to revisit and overhaul their overdraft policies and strategies. According to Terence Roche, partner at consulting firm Cornerstone Advisors , community-based financial institutions could: “Lower their NSF fee to the $5 to $7 range and market it as a convenience fee.

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Trends Fintech social media Strategy 190

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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Gonzobanker

FEBRUARY 11, 2021

There’s a saying that “some things never change,” and when it comes to mid-size banks’ and credit unions’ technology priorities, there’s some truth there. Getting more value from existing technologies and vendor relationships. The first part isn’t particularly surprising (or newsworthy), but the second part is.

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Lending Fintech Technology System 128

Gonzobanker

DECEMBER 19, 2022

Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. The Smarter Bank Technology Award. The team at MVB leaned into innovation five years ago, and now with the acquired Trabian team, this bank leaned deeper into being a tech leader.

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Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.

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Community Bank Community Analytics Lending 70

CFPB Monitor

FEBRUARY 12, 2019

Democratic Congressman Bill Foster, who represents the 11th District of Illinois, has sent a letter to Maxine Waters, Democratic Chairwoman of the House Financial Services Committee, to express his “strong interest in serving as the Chair of the Taskforce on Financial Technology and Innovation that will be convened in the coming weeks.”

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PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce.

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Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. billion-asset, 85-branch community bank based in Rockland, Mass.,

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South State Correspondent

JULY 25, 2022

Now, more households and businesses are thinking about switching banks, and the customer experience is king. Technology: Stakeholders are primed to hear a technology narrative. Questions about how much you spend on technology relative to your total budget and historical trend remain common.

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PYMNTS

DECEMBER 13, 2017

The commentary reflects the surging value of cryptocurrencies and how eager investors are to take part in the industry. 250 | The number of countries’ government-issued IDs that identity verification solutions provider Jumio’s technology can currently verify, including multiple generations of IDs from all 50 U.S. based BitGo this week.

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Bitcoin cryptocurrency Data Community Bank 123

PYMNTS

MAY 16, 2016

200 community banks have cut ties with Lending Club following the sudden departure of the alternative lender’s CEO and the subsequent hit to share prices, which reverberated across other alt-finance players. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all.

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CB Insights

FEBRUARY 20, 2020

The demand from incumbents is aligned with a broader industry initiative to upgrade legacy technology, as well as incumbents’ sizable IT budgets dedicated to integrating new technologies. In the same month, small business lenders Kabbage and BlueVine both announced plans to offer banking services to SMBs.

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ABA Community Banking

MAY 23, 2022

The post Fed survey: Americans’ financial well-being improves in 2021 appeared first on ABA Banking Journal. Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to the Federal Reserve’s annual Report on the Economic Well-Being of U.S. Households released today.

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PYMNTS

DECEMBER 14, 2017

It’s been a newsworthy week for bitcoin, with agencies around the world concerned with a potential bubble involved in cryptocurrency. 214 | The number of banks surveyed in the PYMNTS Bank Innovation Readiness Index, in collaboration with payments solutions provider i2c.

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ABA Community Banking

FEBRUARY 3, 2021

From offering bitcoin rewards checking to meeting the unique credit needs of gig workers and sole practitioners, Quontic Bank depends on innovative ideas and execution. The post Podcast: Empowering Bank Employees to Drive Innovation appeared first on ABA Banking Journal.

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PYMNTS

JANUARY 15, 2021

A lot of banks are still in a learning mode … I don't think that every bank – from community banks all the way up to bulge bracket banks – are going to dive in and suddenly launch stablecoins,” Allaire said. What's the technology that it runs on top of it?’” Still In Learning Mode . “A How do the flows work?

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CB Insights

MAY 15, 2019

With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. DBS launched its Singapore innovation lab to break out of its “traditional banking mindset to think, behave, and deliver more like a technology company,” according to Neal Cross, chief innovation officer.

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PYMNTS

FEBRUARY 26, 2018

The Office of the Comptroller of the Currency is examining the Community Reinvestment Act, which in part means that rules governing short-term lending may be reversed, and would let community banks compete more directly against payday lenders. The two entities are cross-supporting efforts through LabCFTC and FCA Innovate.

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Regulation Bitcoin Innovation Fintech 101