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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. Security threats continue to trouble the industry, however. CUs Stick Together To Compete With Banks, FinTech Firms. CUs like St. Around The Credit Union World.

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Faster Payments And The Fed, Two Years On

PYMNTS

The goal is an ambitious one, to be sure, one that needs collaboration between sometime competitors in the banking and FinTech arenas. David Sapenaro, first vice president and chief operating officer of the St. It may be no surprise that security remains top of mind for the innumerable stakeholders in the payments arena.

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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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Finlocker Creates the Sticky App Countless Mortgage Product Managers Have Long Wished For (Fintech Startup of the Week)

Fintech Labs Insights

Today, I watched a 10 impressive demos at DC Fintech Week ( see list at bottom of post ). Finlocker is a St. Louis, MO-based fintech that just landed a fresh $10M (total round size of $20M, the other $10M raised in 2019) to give them a total of $25.4M. Vitals: HQ: St.

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

PYMNTS

Louis-based startup has defied the odds and raised $750,000 during a slowdown in funding for Fintech startups. According to the KPMG Fintech report , Q2 shows investment in VC-backed Fintech deal activity dropped to a five-quarter low in Q2 2016. Louis with 10,000 people currently using the app.

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The Surprises Edition: Ethereum, PayPal And The Fed

PYMNTS

The Federal Reserve is taking a newfound interest in FinTechs – and the potential disruptions they may be bringing in their wake. I think that in the regulated area … we ought to be looking at the implications of the growth of FinTech … I think we ought to be looking at cyber[security], obviously.”.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. Louis Fed : [S]mall-business loans—i.e., Online fintech lenders and merchant cash advance providers are also making up ground. loans less than $1 million—accounted for 12.6%, 11.1%

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