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Community banks balance tech, human aid

BankInovation

SAN FRANCISCOCommunity banks are looking to technology to support human interactions rather than replacing them. When it comes to technology investment, community banks and credit unions “are not going to outdo JPMorgan [or] Bank of America,” Rilla Delorier, a board member at the $3.45

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Redefining what it means to be a ‘community’ bank

BankInovation

SAN FRANCISCO — Regional banks and credit unions should redefine what it means to be a “community” financial institution when considering new technologies to tap into underserved customer groups. “I love the idea of changing the way we think about community banks from, instead of the community that’s near us, is there a niche community of customers (..)

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Instead, we give those dollars to the community.”. Asset size: $1.36

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Farfetch Raises $250M To Grow Luxury Fashion Platform

PYMNTS

Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release. Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco.

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Software Company Salesforce Offers System For COVID-19 Vaccine Rollout

PYMNTS

San Francisco-based Salesforce has officially launched its “Vaccine Cloud,” a technology package designed to help manage the rollout of the COVID-19 vaccines. Technology can play a critical role in ensuring it’s done efficiently, effectively, and equitably,” said Bret Taylor , president and chief operating officer of Salesforce.

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Digital banks gain market share post-SVB

BankInovation

Digital banks have experienced growth in deposits and customer base since the fall of Silicon Valley Bank as startups look to digital banks for forward-thinking communities that prioritize technology. Arc, for one, saw […]

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Epic Games Loses Bid For Immediate Access To Apple App Store

PYMNTS

Epic sued Apple in August, accusing the technology giant of violating laws that restrict anti-competitive behavior. WSJ quoted David Hoppe, a technology and media lawyer at Gamma Law in San Francisco who is not involved in the case, as having said the ruling hurts Epic. A federal judge Friday (Oct.9)

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