PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

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Community Bank Community Millennials Regulation 157

Independent Banker

OCTOBER 31, 2022

A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. For community banks that have yet to start evaluating digital solutions and providers, now is the time to act. Seize the moment to explore innovation.

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Fintech Community Bank Kansas City Community 126

Independent Banker

MAY 31, 2022

As ICBA’s chief innovation officer, it’s my job to push the envelope, to make people uncomfortable. Last week, I talked to a community bank president and CEO who faced this challenge head-on. Community bankers can, through their leadership and action, change culture and spark innovation in various ways, including: 1.

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Community Bank Community Innovation Meeting 120

PYMNTS

JUNE 23, 2020

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. PYMNTS explores these stories and others in this week’s Payment Rail Innovation Tracker. RTP Gains Community Bank Traction.

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Fraud Community Bank Virginia Community 266

Independent Banker

FEBRUARY 29, 2020

“Today’s technology environment opens the door to a world of opportunity for community bankers.”. Fueled by visions of flying cars and robot maids courtesy of The Jetsons, I was sure technology would dominate the landscape. In fact, today’s technology environment opens the door to a world of opportunity for community bankers.

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Community Bank Community Technology Customer Experience 155

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry.

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Community Lending Maine Resources 195

Celent Banking

APRIL 28, 2017

I like analogies because they can inject simplicity into the most complex discussions of financial technology, and make abstract concepts become more concrete and accessible to the casual fan of technology. The post Innovation on Display: The 2017 Ford GT and FIS Connect 2017 appeared first on Banking Blog.

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Innovation Detroit Community Bank Strategy 150

PYMNTS

APRIL 6, 2020

Philippines payments startup Voyager Innovations has closed a funding deal worth up to $120 million from existing backers, according to a Monday (April 6) statement from Voyager. Voyager Innovations runs the payments platform PayMaya Philippines. The FinTech firm is taking meetings with new strategic and financial partners.

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Payments Innovation Branding Fintech 136

CFPB Monitor

MAY 18, 2016

In particular, he indicated that while FinTech companies should not have an advantage in the marketplace over banks because they are not complying with same rules, the CFPB would seek to enforce the laws without stifling innovation. on “Supporting Responsible Innovation in the Federal Banking System.” Registration is free.

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Innovation Washington Risk Management Fintech 68

Celent Banking

APRIL 28, 2017

I like analogies because they can inject simplicity into the most complex discussions of financial technology, and make abstract concepts become more concrete and accessible to the casual fan of technology. The post The 2017 Ford GT and FIS Connect 2017: Innovation on Display appeared first on Banking Blog.

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Innovation Detroit Community Bank Strategy 134

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

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Fintech San Francisco National Innovation 211

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. We are in awe.

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Fintech Community Regional Technology 194

CB Insights

MAY 15, 2019

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs. Fidelity — Fidelity Center for Applied Technology (FCAT) and Fidelity Labs. Visa — One Market Center.

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Innovation blockchain Technology Groups 78

Gonzobanker

DECEMBER 19, 2022

Provident Financial Services, Inc. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Let’s see how this new scale allows for big investments in future innovation. She was a trailblazer and an early innovator in analytics.

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Community Fintech Industry Innovation 216

Independent Banker

MAY 31, 2022

When companies sign on to the ICBA ThinkTECH Accelerator, they are looking to home their products and services to better support community banks. As community bankers visited The Venture Center, they too, presented the cohort with ways in which we might work together. By Colleen Morrison. It’s very much a one-two punch.”.

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Community Bank Community Maryland US 146

PYMNTS

JULY 31, 2018

financial technology efforts. In addition, there is increased lawmaker attention to promote innovation among non-bank providers of new payments and payment-related technology, and more consumer concern about online and data security. financial system around a set of core principles. Treasury Department.

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Fintech Security US United States 194

William Mills

JANUARY 25, 2018

Key areas of focus include:1) the impending war for talent; 2) shift to back-office or banker technologies; 3) gap in resources between large and small financial institutions; and 4) how service professionals could be the big winner this year. The report includes industry research about what technology, solutions and services U.S.

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Report Technology Innovation Atlanta 40

PYMNTS

MARCH 14, 2019

Canadian financial technology provider Central 1 is linking its credit union customers to a new solution designed to streamline accounts receivable for small businesses. ” Credit unions are increasingly collaborating with FinTechs in a bid to enhance their small business services. . ”

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Payments Tools Online Resources 148

PYMNTS

DECEMBER 5, 2019

Envestnet | Yodlee has already partnered with more than 1,200 financial institutions and FinTech innovators, including most of the top 20 U.S. consumer and community banking business of JPMorgan Chase. JPMorgan Chase signed a similar deal last year with Plaid, a FinTech that connects banks with financial technology applications.

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Data United States Community Bank Fintech 132

Gonzobanker

FEBRUARY 23, 2022

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. New Cornerstone research estimates that banks can realize as much as $25 billion in BaaS revenue over the next five years through partnerships with third-party technology companies.

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Community Bank Strategy Risk Management Fintech 118

PYMNTS

AUGUST 8, 2018

JPMorgan is setting up a financial inclusion lab in India through a partnership with the Indian Institute of Management Ahmedabad’s (IIMA) Centre for Innovation, Incubation and Entrepreneurship (CIIE). According to FinTech Futures , the $9.5

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United States Fintech Community Innovation 100

Bank Innovation

SEPTEMBER 20, 2017

One such fintech is Greenlight Financial Technology. EXCLUSIVE – One thing is clear: more and more fintechs are looking to create better interaction to engage users. Besides the obvious social media channels, another social phenomenon which seems to be advancing is gamification.

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social media Fintech Financial Technology Technology 244

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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Fintech Illinois Community Financial Technology 68

PYMNTS

SEPTEMBER 24, 2019

“Now, helping make SWIFT Cloud Connect real, we are pleased to collaborate with Microsoft to leverage their cloud expertise and advance the frontiers of financial technology, offering a new level of service for SWIFT participants.”. Using a cloud-based solution will boost transaction speed, consistency and security.

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Payments New York Security Operations 119

ZootBlog

NOVEMBER 11, 2015

Keeping a bank in top shape means fostering innovation. Banks need to decide if they can be nimble enough to compete on their own or if they should develop technology partnerships. There are now more than 8,000 financial technology companies in the United States with the potential to shake up traditional financial institutions.

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Innovation Fintech social media Knowledge Base 60

PYMNTS

SEPTEMBER 27, 2019

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept.

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Payments Kansas City Community Bank Community 174

Independent Banker

MAY 31, 2018

“These 28 community banks knew they needed to fight back. If they did nothing, the future of their banks and communities would hang in the balance.”. It’s 88 years to the day when 28 independent community bankers met in Glenwood, Minn., If they did nothing, the future of their banks and communities would hang in the balance.

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Community Bank Community Minneapolis Innovation 70

PYMNTS

JULY 26, 2017

Developers platforms have quickly gone from being cutting edge to being something like table stakes for serious financial technology players, as Karen Webster observed in a recent conversation with Vantiv’s Head of Developer Integration’s Matt Ozvat — “it feels a bit like everyone out there has their own version of a platform for the developer.”.

Innovation 116

Innovation Cards Compliance Community 116

PYMNTS

JULY 14, 2016

You may not have heard of this engineer, but if you use an Android smartphone, you probably use his technology. Reports on Wednesday (July 13) said Taylor has founded a company to provide financial institutions with a blockchain-based operating system. At present, Taylor said about 10 banks are working with the Vault OS technology.

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blockchain Google System Fintech 100

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. APIs invite innovative changes to banking.

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Strategy Report Lending Fintech 190

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. FinTech Innovation and Cooperation in the Cards? Last Monday (Feb.

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Regulation Bitcoin Innovation Fintech 101

PYMNTS

APRIL 7, 2020

For Bottomline Technologies , the opportunity emerged with Friday’s launch of the $350 billion Paycheck Protection Program (PPP) under the CARES Act. Both categories stand to gain from automated financial technologies. Prioritizing B2B Payments Digitization. ”

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Fintech Technology Operations Company 166

Banking 2020

DECEMBER 3, 2015

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. At the turn of the millennium, just 1.8

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Innovation Payments Lending Financial Technology 40

Abrigo

MAY 20, 2015

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. An innovation like that can make the Apple Watch and Bitcoin seem archaic in comparison. For community banks and credit unions, this may be more of a challenge.

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Apple Comparison Mobile Innovation 150

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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Payments Fraud Security Technology 172

PYMNTS

DECEMBER 6, 2018

However, Trevor Dryer, co-founder and recently former CEO of small business lending technology firm Mirador , said that unlike large banks, credit unions often offer a more localized and personalized approach to servicing their small businesses. Mirador recently took a major step in positioning itself to service the credit union community.

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Training Fintech Lending Customer Experience 161

Independent Banker

OCTOBER 29, 2014

Large banks and nonbanks, merchants and technology companies are pressing to solidify their inroads into the financial transaction business. Research and everyday observation show how consumers are increasingly using mobile technologies. It’s become a familiar story, usually with a new splash. Ed Bachelder, payments consultant.

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Mobile Community Bank Community Technology 105