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Thurlow Describes Innovation Journey, Core Advocacy

ABA Community Banking

In keynote remarks last night at the St. Louis Fed’s community banking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves.

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Watch: PayRecs demos its B2B payments solution

BankInovation

Louis-based PayRecs provides business-to-business payment solutions. PayRecs is part of INV Fintech, Bank Innovation‘s sister accelerator program. PayRecs is part of INV Fintech, Bank Innovation‘s sister accelerator program. Customers can pay clients in 83 currencies or bill clients in 36 currencies.

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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers. CUs like St.

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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? I am concerned that FinTech will be the source of the next crisis.”. In Asia, Examining Cross-Border FinTech.

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Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Louis, as its new payments strategy director.

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CUs Work Together To Stay Ahead Of The Competition

PYMNTS

Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. Few are more familiar with this challenge than St. There’s No “I” in CU. Getting Technical.

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Top News in Payments: UK FCA Asks Banks To Explain High Overdraft Fees; Yandex Launches 15-Minute Grocery Delivery

PYMNTS

The FinTech, which focuses on cross-border payments, will use the funding to boost its technology portfolio and partner network. . Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap. In this month’s Credit Union Tracker, PYMNTS spoke with the St. billion value it had after its most recent funding round.

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