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Q2’s Acquisition of Gro Came Through an Investor Introduction

Bank Innovation

The digital banking software provider Q2 Holdings announced yesterday it had acquired Atlanta-based digital sales platform Gro Solutions. This acquisition, the second of the year for Austin, Texas-based Q2, came about through a shared investor, Gro CEO David Eads told Bank Innovation.

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Q4 Earnings Reports Show Mobile Banking’s Surge

PYMNTS

Stats from banks, pretty much across the board, have given evidence that consumers have been pivoting to their mobile devices to attend to their everyday financial needs. In just a few recent examples: Bank of America said this past week that active mobile banking users rose 6 percent to 30.8 million during the quarter.

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The messaging tool that let Happy State Bank take its lending online

American Banker

The Texas bank is leaning on solutions from Lightico and MANTL to quickly set up accounts and handle loans when customers can’t sign documents in person because of the coronavirus emergency.

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5 payments trends you should know about

Independent Banker

With FedNow, the Federal Reserve’s new instant payments rail, set to launch in mid-2023, community banks can link up to the system, monitor its volume and identify use cases to meet customer demands. Payments is not only the biggest challenge for banks but also brings the greatest value to our franchise.”.

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BBVA, Prosper Partner To Offer Easier Home Equity Loans

PYMNTS

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release. The rates will be competitive, and BBVA offers bank-paid closing costs.

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BBVA, Prosper Partner To Offer Easier HELOC Application Process

PYMNTS

Online lending marketplace Prosper has teamed up with BBVA USA to offer a new way for consumers to apply for a home equity line of credit (HELOC), which involves significantly less paperwork and waiting than traditional means, according to a release. The rates will be competitive, and BBVA offers bank-paid closing costs.

Alabama 100
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Deep Dive: How CUs Are Rethinking Their Credit Solutions During The Pandemic

PYMNTS

San Diego-based California Coast Credit Union , for example, has instituted automatic loan deferral for its members, while Texas-based Border Federal Credit Union has aided members in filling out online applications for Paycheck Protection Program (PPP) loans.

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