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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.

St. Louis 130
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How Relationship Lending & A Transaction-Oriented Focus Can Win More Business Loans

Abrigo

Takeaway 3 Technology allows lenders to blend these approaches while achieving greater economies of scale. Among those with eased terms, 31% reported they had narrowed spreads of small business loan rates over the cost of funds, and 43% reported having narrowed spreads for large and middle-market loans. PPP Proved Technology.

Lending 195
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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. CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. CUs like St. million in 2019.

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

PYMNTS

Yandex, the biggest technology firm in Russia, launched a 15-minute grocery delivery service for Moscow residents. The company plans to operate the service, called Lavka, like a digital convenience market, and stocks roughly 2,000 items. In this month’s Credit Union Tracker, PYMNTS spoke with the St.

St. Louis 131
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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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Bitcoin Tracker: Up, Up And Away?

PYMNTS

The bitcoin market cap was over $18.5 recently announced the placement of three new machines in St. Louis, Missouri, the company’s first foray into the Midwestern market. Louis, Missouri, the company’s first foray into the Midwestern market. percent over Wednesday’s close. Founded in Feb.

Bitcoin 194
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Mobile Payments: Adornments For the U.S., mVisa For The Unbanked In Nigeria

PYMNTS

In this roundup, Global Payments is providing Bluetooth technology and mobile payment capabilities to Mary Kay Sales consultants; iZettle, the U.K. Global Payments, The SME Market And Mary Kay. The motivation behind the partnership for Global Payments is an initial onslaught into the SME market.

Mobile 100