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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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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. trillion in 2019.

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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. PPP Proved Technology. In a blog series, “ Adapting to the Digital Age ,” researchers from CSBS, the St. Louis Fed, and Temple University examined how financial institutions are adjusting. Lenders Easing Terms.

Lending 195
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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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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. Mobile Payments Startup OPER Raises $750,000. Louis-based startup has defied the odds and raised $750,000 during a slowdown in funding for Fintech startups.

Mobile 100
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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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The Surprises Edition: Ethereum, PayPal And The Fed

PYMNTS

The competition in India for digital payments dominance got that much more competitive this week with the announcement that PayPal has officially launched domestic operations in India. The Federal Reserve is taking a newfound interest in FinTechs – and the potential disruptions they may be bringing in their wake.

St. Louis 108