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Charles Potts: Opportunities in the fintech landscape

Independent Banker

A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. While challenging for some, this convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year.

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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). Acquisitions allow organizations to spread costs across a larger asset base, recognize synergies within business lines, reduce staff, and consolidate branches in overlapping markets. Technology is an obstacle and an opportunity. Learn more.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

FDIC 166
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Credit Card Interest Rates Rise To Near-Record Levels

PYMNTS

Credit card spending is also the highest it has ever been recently, as the market for Mastercard and Visa is higher than $600 billion. House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept. House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept.

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Building The Tire Shop Of The Future With On-Demand Service

PYMNTS

Komal said that what distinguishes Zohr from other players is the proprietary in-house technology it has built to power the business. The company services the two metroplexes of Kansas City and Dallas. Both cities are relatively spread out, so people have longer commute times. and avoid the trek to a garage.

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Fed Names New Payments Security Leader

PYMNTS

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. Treasury and financial market, among other responsibilities. Montgomery will also retain his position at the Boston Fed, where he focuses on services for the U.S.

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Hospital ERPs Find Promise In The Cloud

PYMNTS

Cloud technology is relatively old, considering the pace of innovation in the back office. “In the traditionally stagnant market of ERP (HR, finance and/or supply chain), aging, on-premise solutions are giving way to several cloud options now on the table,” KLAS stated, according to RevCycleIntelligence this week.