Remove Innovation Remove Kansas City Remove Management Remove Operations
article thumbnail

Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions.

America 189
article thumbnail

Fed Names New Payments Security Leader

PYMNTS

Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

Security 112
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Branch Transformation: Innovating to be Nimble

Banking 2020

Innovation requires understanding your client base and providing differentiated services that clients will find value in. Banks must innovate and be nimble to address emerging client needs in the neighborhoods they serve. There are silos between banking services – front line services and lending, not to mention wealth management.

article thumbnail

CFPB announces new appointments to advisory groups

CFPB Monitor

Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Raul Vazquez, Chief Executive Officer, Oportun, Redwood City, CA. The new members are as follows: Consumer Advisory Board Members. Jacksonville, FL.

article thumbnail

Temenos to Acquire Kony: So What?

Gonzobanker

Any overlaps between Akcelerant in loan operations and Avoka in sales/origination appear to have been sorted out in the Infinity product line. If the Kony acquisition is similar to Akcelerant and Avoka acquisitions thus far, disruption at Kony should be manageable.

article thumbnail

Nurturing New Businesses

Independent Banker

They’re not managed well. For example, Silverman says community banks could partner with a local small-business owner to present a forum on cash management for young entrepreneurs and business owners (or aspiring ones). The Kauffman Foundation , a nonprofit organization in Kansas City, Mo., Visit: www.kauffman.org.

Miami 70
article thumbnail

US Government Chooses Partners For Payroll Updates

PYMNTS

The partnerships are part of the government’s NewPay blanket purchase agreement, which was developed to modernize the government’s payroll systems – itself an initiative that is part of the broader 2019 Management Agenda. The government will collaborate with payroll service providers and SaaS vendors, it noted.