PYMNTS
AUGUST 25, 2019
The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. currency is probably healthy,” Posen told Bloomberg. “ … the idea that there’s a technological fix that will achieve it strikes me as mistaken.”.
Abrigo
FEBRUARY 23, 2023
Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. For smaller banks, longer-term industry consolidation trends and competition are also eroding deposit market share. Balance runoff is picking up speed, according to financial consulting firm Curinos. The result?
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Abrigo
AUGUST 6, 2021
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. Additionally, technology isn’t just reserved for the biggest banks anymore. Digitalization.
PYMNTS
JULY 22, 2020
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.
Independent Banker
OCTOBER 31, 2022
Investments in new companies have slowed, valuations that some early-stage companies commanded last year are ratcheting back, and financial technology providers are tightening their proverbial belts. In response, community banks, like $779 million-asset Lead Bank in Kansas City, Mo., The fintech landscape is shifting.
Abrigo
JULY 25, 2022
As farmers adjust their credit needs in response, banks with a higher share of agricultural loan activity (“ag banks”) may see demand for loans increase,” Kansas City Fed economist Francisco Scott said in a recent research report. See projections for the ag market and tips for lenders in "The Ag Lender's Survival Guide".
PYMNTS
OCTOBER 9, 2019
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. Large bank delinquent accounts in Q2 were at 2.44 percent and 6.34 million in Q2. payments ecosystem.
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