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Why community banks should partner with fintechs

Independent Banker

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. Matt Gallman, Drummond Community Bank.

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5 payments trends you should know about

Independent Banker

Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends.

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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. No record heat in deal activity, but warmth remains.

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CULedger, IBM To Bring Blockchain-Based Services To Credit Unions

PYMNTS

With a permissioned blockchain network , services can be shared between credit unions, which could improve identification authentication and compliance surrounding regulations, know your customer, lending and payments. Under the plan, credit union members would be able to access the CULedger via a digital credential dubbed MyCUID.

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NCR Acquires Terafina – So What?

Gonzobanker

GonzoBanker mothership Cornerstone Advisors’ recent What’s Going On In Banking 2021 research points to digital account opening being the top bank tech replacement priority in mid-size banks for the third year in a row. Digital banking providers answered the demand with digital account opening solutions.

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Fintech Deals Are Still Happening – and It’s a Good Thing

Gonzobanker

Here are a few of the recent deals (in no order) that caught my attention: MVB Financial/Paladin: MVB, a mid-size bank with a stated focus on serving fintechs, acquired Paladin, a specialty fraud prevention company with a suite for merchants, credit agencies, fintechs and vendors. The deal premised on solving integration challenges.

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For Credit Unions: Trust, But Innovate

PYMNTS

percent cited fraud protection and 33 percent cited data security as their key priorities for the next three years of innovative development at the credit union. But everyone everywhere is concerned about fraud,” he said. “No The reality of fraud in the financial services sector is that it is always “a moving target,” he said.