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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. Let’s be clear Gonzobankers, these deals are NOT about massive numbers of bank core replacements. Let’s take a closer look at each deal: Finxact Goes To Fiserv.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. We ranked the Top 20 Deposit-Rich Industries ( HERE ). However, these are two different clients, and it merits a proactive choice by the bank of which of these two clients you should pursue.

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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region. Bowman remarked at an event, held at the Federal Reserve Bank of San Francisco, that the Fed could foster collaborative action between those smaller banks and FinTech firms.

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How Cannabis Can Become A B2B Payments Innovation Influencer

PYMNTS

Today, however, the banking challenge has largely been solved. Credit unions and regional or community banks have stepped in to fill the banking gap, making barriers to accessing much needed financial services lower than ever before for marijuana businesses.

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It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. The industry lacks an efficient tech ecosystem. Banks have not sufficiently built next generation I.T. team for the next decade. Mandate #3: Build a next-gen I.T.

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How will the Apple Watch and other tech evolutions impact banking?

Abrigo

It’s not just the technology industry that is constantly evolving – many other industries must also remain adaptable to the changing landscape of the American consumer. One such industry is banking. For community banks and credit unions, this may be more of a challenge.

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5 Steps to Better Treasury Management

South State Correspondent

The opportunity for the product is that for an average community bank, 83% of their commercial, non-profit, and municipal customers are NOT using treasury management services. This likely creates the most significant single profitability lift for any bank. Beyond that, most models fall off.