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Inside First National Bank of Omaha’s seven-person innovation lab

Bank Innovation

First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. The goal is to […].

Omaha 170
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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions

Bank Innovation

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

Omaha 186
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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

PYMNTS

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin 131
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Client Note: Warren Buffet And Cyber Insurance, Bad Earnings And The Weather, Meal Kits Via Retail, Pharmacogenomics, And More

CB Insights

Today, we discuss a not smart meal kit strategy, the Oracle of Omaha, Milli Vanilli, and more, including: Is an insurance company getting into drugs? Lending Club’s product innovation focus. Are public company execs blaming bad results on the weather more? Warren Buffett ain’t digging cyber insurance.

Omaha 28
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Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

Our letter draws on Ballard Spahr’s two-plus decades of experience in representing banks and savings associations (“Banks”) in establishing lending programs (“Bank-Agent Programs”) where a Bank obtains substantial assistance from a fintech or other non-Bank company (an “Agent”) to offer Bank loans to consumers or small businesses.

FDIC 78
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Banks around the country respond to coronavirus

Bank Innovation

As the novel coronavirus continues to spread, rattling the economy, banks are reevaluating their business propositions to clients.? WaFd, formerly Washington Federal Bank, is offering interest-free lines of credit of up to $200,000 to small businesses as a result of the pandemic.

Seattle 307
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Fintech Fundings: 27 Companies Raise $345 Million Week Ending August 14

Fintech Labs Insights

It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 Source: NW Innovation. HQ: Omaha, Nebraska. Digital Retail Apps. million Debt, $12.5