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A Missouri bank is using tech to secure large deposits from public entities

Bank Innovation

based bank with $273 million in assets, is using ‘cash sweep’ technology to gain large deposits from public funds without having to put up its own assets as collateral. Bank of Franklin County, a Washington, Mo.-based

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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). a financial services holding company based in Kansas City, Missouri. This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”.

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First Bank Takes Two-Pronged Approach To Fighting Internal, External Fraud Threats

PYMNTS

Despite the security investments needed to adequately safeguard new digital solutions, banks’ di gital-first innovations are fostering trust and satisfaction among customers. Deep Dive: Keeping Digital-First Banks Secure Even As Fraud Rises.

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Amazon One Lets Consumers Pay With Their Hand

PYMNTS

Dilip Kumar , Amazon’s vice president of physical retail, told the network the technology had been in the planning stages long before the pandemic. “I The service is designed to be highly secure and uses custom-built algorithms and hardware to create a person’s unique palm signature.”.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories. But, the reality was, even though I felt more financially secure, I wasn’t technically in any less debt than I would have been had I just bought the shoes outright. According to Kristen E.

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Amazon, Travelers Team To Sell Smart Home Kits

PYMNTS

The smart home kits include security cameras, water sensors, motion detectors with multi-sensor capabilities, a smart hub that wirelessly connects a wide range of smart devices and an Amazon Echo Dot. customers in Colorado, Missouri and Wisconsin. Travelers said it expects to add more states later this year. ”

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Taking A Customer-Centric Approach To Fighting Fraud

PYMNTS

Staying ahead of fraud requires constant innovation. Modern technologies have removed many of these communication hurdles, however. Using easy-to-access, ubiquitous communication tools like mobile solutions is thus important for banks because it allows them to seamlessly involve customers in security efforts.

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