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Making the Instant Payment Decision

South State Correspondent

Now, the payer doesn’t have to take the time to initiate the transaction, making payment more manageable. This is another cash management-altering innovation. Maybe the payer needs a breakout of taxes, or perhaps the payee was only able to ship a partial order. A comparison of incremental fees is below for comparison.

Payments 221
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What borrowers want - Bringing value to the member relationship

Abrigo

In a world filled with digital loan applications, growing fintechs and booming small businesses, credit unions need to continually evaluate their borrower experience. When it comes to borrower experience, 78 percent of community financial institution borrowers reported overall satisfaction as opposed to 46 percent of fintech borrowers.

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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. In this article, we explore why and how banks are starting to incorporate the “velocity of risk” into their risk management practices.

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Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

Fintech deals by size from 23 April to 29 April 2016: Mosaic. Deposit price comparison site. Income tax service. Health insurance comparison site. Personal loan comparison site. Tags: Consumer, insurance, healthcare, discover, price comparison, lead gen. ——-. Total raised: $224.9 million ($5.82

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Bankers: If We're Serious About Helping Clients, What About These Two Products?

Jeff For Banks

With all of the automation of financial products, one would think managing finances would be simple. Which is becoming more challenging for the community financial institution due to heavy competition from money center and super-regional banks, credit unions, and fintech firms. My focus today is on consumer banking.

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Fintech Fundings: 26 Companies Raised $530 Million Third Week of July

Fintech Labs Insights

There has been an average of 28 fintech deals per week this year. Fintech deals by size from 16 July to 22 July, 2016: CommonBond. Financial services comparison portal. Digital wealth management platform. Employee expense reporting management. The total amount raised this week was $532 million. Source: Crunchbase.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

As a point of comparison, Zelle reported that two years after its launch, 60 of the 229 banks that are part of its network were “live and processing transactions” in the U.S. That seems like music to the ears of FinTechs seeking new rails to connect them directly to and from the bank accounts of consumers and businesses. Not exactly.

Payments 201