article thumbnail

Small banks: Big challenges and big opportunities

Abrigo

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. I don’t want my veteran bankers writing a credit memo,” he said. The result?

article thumbnail

Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). a financial services holding company based in Kansas City, Missouri. In March, Brex opened its first international office , a technology hub in Vancouver, Canada.

FDIC 166
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Technology is an obstacle and an opportunity. One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management.

article thumbnail

Ant Financial Appeals Directly To MoneyGram In Open Letter

PYMNTS

We want to work with you, invest in your business and technology, and create even more career growth opportunities for MoneyGram employees in the U.S. We also plan to further invest in MoneyGram’s global compliance and anti-money-laundering programs.”. with EyeVerify, which it acquired last year and is based in Kansas City.