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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. National Small Business Week is this week in the U.S.,

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy. The expenses include a pre-tax charge of approximately $2.4

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JPMorgan Results Show Active Mobile Customers Up 12 Pct YoY

PYMNTS

JPMorgan posted second-quarter earnings on Tuesday (July 16) that showed strength in consumer-facing operations and double-digit gains in mobile customers, reflecting continued traction across digital banking efforts. Revenues were up 4 percent year on year to $29.6 billion, better than the $28.9 billion expected.

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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

Part of our mission is to improve the quality of life in our communities. So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”. This forces many operations to continue using cash. Helping a green industry give up the green stuff.

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Creating a Customer-Centric, Digital Financial Institution

Abrigo

A farmer, a university student, and a business owner walk into a bank. It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day. Technology, like banking, isn’t “one-size-fits-all.”

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The case for end-to-end digital lending

Independent Banker

Offering digital lending isn’t about the bells and whistles. Community bankers tell us why. First State Bank & Trust in Williston, N.D., started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Chris Jundt, First State Bank & Trust.

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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” Ready to compete against big banks, fintechs and non-bank lenders? In a recent American Banker.

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