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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). Economy , supervisory and risk specialists from the Federal Reserve of Kansas outline top challenges and opportunities regarding the future of community banking. Technology is an obstacle and an opportunity. Background on Community Banking.

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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.

Fintech 126
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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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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. Komal noted that the company will be diving deep into each market and increasing market share by that time.

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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.

Cards 152
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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. The other is the latest technology. Few are more familiar with this challenge than St.

St. Louis 130
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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.

Security 112