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FIs comparison shop for fintechs

BankInovation

-based Customers Bank made the decision to augment its third-party risk processes with the assistance of a fintech, it joined nearly 100 other community banks to shop for one via vendor platform True Digital.

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JP Morgan to tokenize euro deposits soon | Goldman Sachs crypto volumes are growing | Amazon launches home insurance comparison website in Britain

Bussman Advisory

Sees NFT opportunity Goldman Sachs crypto volumes are growing Amazon launches home insurance comparison website in Britain. As the first in-person SFF since 2019, the SFF team is ready to bring the global FinTech community together for a long overdue reunion. Subscribe now to our weekly newsletter.

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7 Reasons To Focus More on Hedge Fee Income

South State Correspondent

Many community banks are searching for ways to increase fee income, and many bank CEOs have concluded that fee income is a significant driver of revenue and profitability. We argue that larger banks do not have an inherent advantage over community banks in generating fee income because of their scale.

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Singapore Provides ‘Springboard’ To Asian Markets For FinTech

PYMNTS

Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching $983.6 Hong Kong, by comparison, saw $596.8 million in funding for FinTechs at the time. Singapore overtook Hong Kong in FinTech funding in 2016. million that year.

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Virtual communities and digital worlds

Lex Sokolin

Our communities and networks have become increasingly digital. That means that our physical communities are also our digital communities. People are not buying some abstract reductionist notion of “products”, they are economically participating in communities with counterparties native to those communities.

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What borrowers want - Bringing value to the member relationship

Abrigo

In a world filled with digital loan applications, growing fintechs and booming small businesses, credit unions need to continually evaluate their borrower experience. When it comes to borrower experience, 78 percent of community financial institution borrowers reported overall satisfaction as opposed to 46 percent of fintech borrowers.

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Alt-Lenders Vow Transparency After Prospa Backlash

PYMNTS

Australia’s alternative finance community has vowed to heighten transparency following criticism over Prospa ‘s high interest rates, which caused the FinTech to scrap its initial public offering (IPO). ” The goal of this requirement is to provide a clear breakdown of costs for borrowers.

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