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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. So banks, even community banks like [bank name] must take a sharp pencil to prune their branch network to compete with the higher interest rates of online banks, make investments in people and technology, and deliver to their shareholders.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. A few things stand out. .

Lending 101
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NEW REPORT: For UN Workers, A Credit Union Crosses Borders

PYMNTS

Many are tapping into their cooperative natures to pursue innovations, so as to compete aggressively and keep up with larger financial institutions (FIs) and FinTech challengers. a Kentucky CU recently entered into a new agreement with a local university that will provide it the opportunity to raise its profile.

ATM 108
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The Paycheck Protection Program, Round Two

PYMNTS

That’s aimed at community banks and credit unions, a move meant to rectify a flaw in the first appropriation, where mom-and-pop businesses found themselves crowded out of PPP funds by larger “small” businesses that worked with big banks. .

Kentucky 237