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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions

Bank Innovation

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

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The Roil Over B2B Payments Rails

PYMNTS

B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Omaha, Nebraska — Buffet’s birthplace — was the home of the First Transcontinental Railroad , which made railroads an important part of the Omaha economy. Warren Buffet made rails sexy again when he bought a railroad in 2009.

Payments 192
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Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

The recharacterization threat also diminishes both the opportunity for innovation in lending products and the availability of credit, especially for consumers with risker credit profiles. First of Omaha Service Corp., 12 U.S.C. § 1 (emphasis added). 251, 256-257 (1995) (citations and internal quotation marks omitted).

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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 Source: NW Innovation. HQ: Omaha, Nebraska. Digital Retail Apps. Source: Finovate.