PYMNTS

SEPTEMBER 17, 2020

Mastercard said it will invest $500 million in Black communities across the U.S. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. This is a time for action.

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Abrigo

JUNE 19, 2022

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. Spreadsheet-Based Tool. ELE tool for CECL released by Fed.

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PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

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ABA Community Banking

JUNE 7, 2022

To help community banks successfully implement the current expected credit loss accounting standard, the Federal Reserve next week will launch a second tool, the Expected Losses Estimator. The post Fed: Second CECL tool for community banks to launch June 16 appeared first on ABA Banking Journal.

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Community Bank Community Tools Taxes 59

The Paypers

JANUARY 12, 2024

Mastercard has announced the development of an inclusive AI tool in order to provide personalised, real-time assistance to the small business community worldwide.

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Tools Community 77

BankInovation

NOVEMBER 2, 2022

Financial technology provider Kasasa is partnering with 50 community banks around the U.S. on Finder, a new tool that allows banking customers to search by zip code to find local financial institutions (FIs) that offer Kasasa rewards accounts. Finder runs on data input from FIs via Salesforce. based, $230 million […].

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Tools Community Community Bank Financial Technology 52

BankInovation

NOVEMBER 2, 2022

Financial technology provider Kasasa is partnering with 50 community banks around the U.S. on Finder, a new tool that allows banking customers to search by zip code to find local financial institutions (FIs) that offer Kasasa rewards accounts. Finder runs on data input from FIs via Salesforce. based, $230 million […].

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Tools Community Community Bank Financial Technology 52

PYMNTS

OCTOBER 1, 2020

As the digital revolution continues to transform the way shoppers pay for things amid the COVID-19 pandemic, Mastercard announced a free online tool to help entrepreneurs future-proof their companies. The shop reopened this month as Cadore welcomed shoppers under new retail guidelines, while continuing to reinforce her digital presence. “By

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CFPB Monitor

SEPTEMBER 7, 2023

The Federal Deposit Insurance Corporation has announced that it is launching a new Banker Engagement Site (BES) this month through FDIC connect to serve as the primary tool for exchanging examination planning and other information for consumer compliance and Community Reinvestment Act (CRA) activities. (The

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Abrigo

FEBRUARY 13, 2020

Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. CFIs reinvest in their communities, supporting local businesses and helping community members make financial decisions.

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Independent Banker

FEBRUARY 28, 2023

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. Data about existing customers can even help community banks improve their efforts to find new customers.

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Community Bank Community Marketing Data 129

Abrigo

JULY 10, 2019

What about our small to mid-sized community financial institutions? Many community financial institutions believe that kleptocracy is not a risk for their institution’s profile as they conduct few foreign transactions, such as wires and ACHs. The post Kleptocracy – What Does it Mean to Community Financial Institutions?

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Bank Innovation

FEBRUARY 25, 2020

Bank CEO Ed Jones wants Gulf Capital to model community banking relationships, in which […]. With the funding, the bank plans to invest in its digital capabilities, providing services that include mobile deposits, secured and unsecured commercial loans, letters of credit and consumer loans.

Houston 273

Houston Tools Community Bank Capital 273

ABA Community Banking

JULY 1, 2021

The Federal Reserve today said it plans to launch a new tool, the Scaled CECL Allowance for Losses Estimator, or SCALE, to help community banks implement the current expected credit loss standard. The post Fed: CECL Tool for Community Banks to Launch July 15 appeared first on ABA Banking Journal.

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Community Bank Community Tools Taxes 59

Abrigo

MARCH 9, 2017

And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks. communities where capital tends to be scarce.

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PYMNTS

APRIL 28, 2019

A research group revealed that it has discovered “serious shortcomings” in the predictive tools used by law enforcement agencies. This report documents the serious shortcomings of risk assessment tools in the U.S. And it’s not just these researchers that believe the technology is flawed.

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PYMNTS

MARCH 6, 2020

That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. At the same time, the logistical challenges and competitive pressures associated with digitization remain just as pertinent for community banks.

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PYMNTS

FEBRUARY 24, 2020

To serve these DIY consumers, as well as those who simply enjoy the time-honored hobbies of woodworking or building, eCommerce innovators are curating a selection of tools as well as supplies to help them with their projects. And, when it comes to tools, the boxes have items like measuring tape, utility knives, screwdrivers and drill bits.

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Tools Milwaukee Millennials social media 146

South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

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South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

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Community Bank FDIC Community National 195

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

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Community Bank Community Lending Louisiana 144

Jack Henry

OCTOBER 21, 2021

Financial wellbeing is a lifelong journey with many twists and turns and no clear destination. As of August 2020, more than two-thirds of people in America (approximately 167 million people) are not financially healthy. Financial health disparities have widened by race and persisted across gender over the past year.

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Management Tools Community America 78

PYMNTS

DECEMBER 9, 2020

DBS Hong Kong has rolled out a new platform of digital tools to help small- to medium-sized businesses (SMBs) through the tumultuous times caused by the pandemic, according to a news release from the company.

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Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. A different kind of peer-to-peer payment service is now available, “built by community banks for community banks.”.

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Community Bank Community Payments Meeting 91

Banking Exchange

JULY 11, 2021

In reality, it’s been with us for decades Community Banking Technology Financial Trends Feature Digital Mobile Tech Management Online. For some reason, the term digital still strikes many as new and futuristic.

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Community Bank Community Tools Trends 148

Bank Innovation

DECEMBER 16, 2019

With its mixture of personal finance management tools, savings features and remodeled branches, Virgin Money is aiming for […]. The brand released a new current account for U.K. customers last week, the first product launched by the bank since it was acquired by CYBG in 2018.

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PYMNTS

NOVEMBER 26, 2019

As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. Spend Tools To Win The ‘Game Of Keystrokes’. Deep Dive: How Spend Tools Keep Nonprofits Focused. billion in value by 2025.

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Tools Boston Cards Management 141

PYMNTS

AUGUST 9, 2020

In this day and age, it is very important for community financial institutions to be able to compete with their main new competitors – challenger banks and national banks – and have access to the same technology that can be deployed in weeks not years. “By

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Tools Community Bank Community Taxes 168

PYMNTS

APRIL 2, 2019

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. Last year, MOXY said its focus will be “to create financial equality throughout the communities serviced by combining the latest technological advancements with community banking.”

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South State Correspondent

JULY 10, 2023

Next week’s article will consider the challenges and possible solutions for community banks to adopt loan hedging programs. Adoption of Interest Rate Swaps Swaps (banks’ primary tool to hedge interest rate risk on loans) have increased substantially over the last ten years. The average US Bank asset duration was around 3.9

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Community Bank Community Tools Management 195

PYMNTS

NOVEMBER 26, 2019

And while the boxes are different every month, the firm might have a quarterly re-run of the consumables in hockey like tape, a mouth guard or a new training tool. The company got its start marketing in the blogging world, but its biggest marketing tool came when it needed to drop its acquisition costs in 2017.

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Community United States Groups Exercises 161

ABA Community Banking

FEBRUARY 16, 2024

A new tool to help assess appeared first on ABA Banking Journal. On the latest episode of the ABA Banking Journal Podcast, Kristiane Koontz discusses ABA's recent work on core resilience and competition, as well as the Core Platforms Committee's plans for 2024. The post Podcast: How flexible is your core?

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Tools Community Bank Community Innovation 69

PYMNTS

MAY 31, 2019

Families with multiple kids in such programs may need to spend $6,000 to $8,000 all at once, explained Rebecca Nystrom Brito, member development specialist at Community First Credit Union. Community First has been offering youth agriculture loans of $100 to $2,500 at 0 percent interest for five years. Technology Tools .

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PYMNTS

JANUARY 11, 2021

PYMNTS' latest Real-Time Payments Report done in collaboration with The Clearing House looks at the matter through numerous use cases, none more informative than that of New Jersey-based community bank Cross River , with its enthusiastic embrace of real-time payments (RTP). If only enthusiasm were enough. It was quite a bit of work.

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Community New Jersey Community Bank User Experience 169

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

Perficient

SEPTEMBER 16, 2020

Connect with the community in the Community Connect – There are table top topics for community discussion. Setup Meetings – Microsoft has a meeting tool where you can invite others for meetings. It will automatically setup a Teams meeting and the tool has an attendee picker.

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eBook Meeting Community Video 535

PYMNTS

NOVEMBER 27, 2019

The Greater Boston Food Bank (GBFB) is one such organization fighting community hunger. There are fewer keystrokes because Expensify packages all the reporting tools and does so in a paperless manner,” he said. “We Corporate cards are not the only spend tool in GBFB’s arsenal. Millions of U.S. Putting Fuel Cards on the Road.

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