'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world

Mobile Payments Today

With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience

Kansas 109

Kansas City Based Academy Bank Makes Strategic Acquisition

Banking Exchange

The Merger adds 5 Locations Management Feature M&A Feature3 Financial Trends Community Banking. 1Community Banking

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Dickinson Financial to Buy Merit Bank in Kansas

American Banker

Dickinson Financial in Kansas City, Mo., has agreed to buy Community Bancshares of Kansas in Overland Park. breaking_news community-banking m-a mo ks dealmaking-strategy

Ten Questions for Kansas City Fed President Esther George

American Banker

Kansas City Federal Reserve Bank President Esther George is best known nationally as a critic of the Fed’s monetary policy, but in a wide-ranging interview she talks about Dodd-Frank, bank capitalization and the challenges facing community banking, in addition to interest rates.

World Central Bankers Discuss Alternatives To The Dollar

PYMNTS

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.

US Supreme Court To Take Up States’ Right To Prosecute SS Fraud By Illegal Immigrants

PYMNTS

According to a report in Bloomberg , the justices said they will rule on whether the Supreme Court in Kansas was correct in determining that only the federal government has the power to go after undocumented immigrants for those types of infractions. Kansas and the Trump administration have been pushing for the U.S. If Kansas wins, states will have a new way to fight illegal immigration. The U.S.

Kansas 196

'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world

ATM Marketplace

With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience

Kansas City Bank to Pay $2.8M in Redlining Case with HUD

American Banker

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods. community-banking occ enforcement branch-deals mortgage law-regulation

Equity in Kansas Raises $35M to Support Expansion

American Banker

Equity Bancshares in Wichita, Kan., has raised $35.4 million in a common stock offering and plans to use the proceeds to pay down a line of credit and support growth. breaking_news community-banking capital strategic-alternatives ks dealmaking-strategy

Bad checks could push a Kansas bank into the red

Payments Source

Landmark Bancorp in Manhattan, Kan., could lose more than $5 million — more than it earned in the first half of the year — if a recently discovered overdraft situation cannot be resolved. Community banking Community banks Overdrafts Checking Fraud losses Fraud liability

Fed official hits back at criticism of central bank’s payments role

Payments Source

Competition from the public sector in payment services has benefited the public and should not be discounted in the development of a real-time system, said Kansas City Fed chief Esther George.

Legal Haze Thickens for Pot Businesses

New York's State of Mind

Anyone in a credit union considering offering banking services to marijuana businesses should take the time to make sure that their attorney is paying close attention to litigation between the Federal Reserve Bank of Kansas and the Fourth Corner Credit Union of Colorado. Federal Reserve Bank of Kansas, U.S. […]. Legal Watch Regulatory Federal Reserve Bank of Kansas Fourth Corner Credit Union Marijuana

Court Denies Pot Credit Union Access To Banking System

New York's State of Mind

a federal judge on Tuesday dismissed a credit union’s attempt to force the federal Reserve Bank of Kansas to allow it to […]. FEDERAL RESERVE BANK OF KANSAS CITYConcluding that existing federal guidance does nothing more than encourage financial institutions to “look the other way” when it comes to complying with federal laws that make the possession and sale of marijuana illegal.

MILE High Confusion Has National Implications

New York's State of Mind

On the same day NCUA and the Federal Reserve Bank in Kansas City were being sued in federal court after blocking a Colorado credit […]. Compliance Legal Watch Mortgage Lending New York State canabis Kansas Share InsuranceThe legal fog surrounding banking and marijuana got thicker on Friday. New York State announced the five companies that would be allowed to legally produce and distribute marijuana for medical purposes.

Fed dodges key decision on faster payments

Payments Source

Faster payments Payments Real-time payments Cybersecurity TBTF Community banks Credit unions Policymaking Janet Yellen Esther George Federal Reserve Federal Reserve Bank of Kansas City The Clearing House AssociationThe central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

How Academy Bank is using video to improve service efficiency

Bank Innovation

When customers walk into one of Academy Bank’s new branches, a banker will guide them to a screen where they can video chat with a specialist at Academy’s headquarters in Kansas City.

Video 139

nbkc bank Taps Finastra to Build Conversational Banking App

Bank Innovation

Kansas City-based nbkc bank is building a conversational banking app with Finastra on the vendor’s growing FusionFabric.cloud open platform.

First FitBit, Now Garmin Releases Smartwatch with Payments

Bank Innovation

The Olathe, Kansas-based Garmin announced the new smartwatch today at the International Franchise Association’s […]. EXCLUSIVE – Add another fitness focused tech wearable to MasterCard’s list.

Kansas 176

UMB Adjusts Sales Incentives for Branch Employees

American Banker

UMB Financial in Kansas City, Mo., has made changes to incentive compensation for its branch employees. breaking_news consumer-finance dealmaking-strategy performance retail-branch-strategies national-regional

Wrap of week #22: Midwest, Southwest, Insurtech, Altfi, Payments

Bank Innovation

Last week we hovered over the Midwest and the Southwest; Kansas and Austin, TX. Kansas: A global alternative exchange that IPO’d; BATS exchange. Austin TX: An alternative credit history builder running in a bank; SelfLender. We continued our Insurtech coverage focusing in the Auto Industry with 21 ventures. We offered insights in the broad Altfi space: For… Read more Wrap of week #22: Midwest, Southwest, Insurtech, Altfi, Payments. Newswire Uncategorized

Kansas 107

Lead Bank and GoldBean Will Talk Bank-Startup Success at Bank Innovation 2018

Bank Innovation

At Lead Bank, a Kansas City, Mo.-based EXCLUSIVE – Josh Rowland, Chief Executive Officer and Vice Chairman of Lead Bank, will join Jane Barratt, CEO of GoldBean, to discuss banking innovation and bank-startup partnerships. Bank Innovation 2018 will take place March 5-6 in San Francisco.

Bowman Concerned About Community Banks’ Exit from Mortgage Markets

ABA Community Banking

Speaking to attendees at a mortgage industry event in Kansas City, Missouri, today, Federal Reserve Governor Michelle Bowman expressed optimism about the trajectory of the housing market but raised concerns about the declining number of community banks remaining in the consumer real estate mortgage market. The post Bowman Concerned About Community Banks’ Exit from Mortgage Markets appeared first on ABA Banking Journal. Community Banking Economy Mortgage Newsbytes Real estate lending

A big-picture way forward for banks in the digital economy

Accenture

Many long-time commercial bankers are getting the same feeling Dorothy had in the Wizard of Oz—that they’re not in Kansas anymore. For example, extrapolation from publically available data suggests that in its quest to sign up new drivers, Uber may. Read more.

Kansas 190

APIs? Check. Fast Payment Portals? Check. Knife Sharpener? Check

American Banker

Suresh Ramamurthi has launched a new payment system for healthcare providers and APIs that let other companies create their own faster-payment products — all at a tiny bank in rural Kansas.

Hawk. Dissident. Advocate. Why Esther George Stands Out at the Fed

American Banker

The president of the Kansas City Federal Reserve Bank is best known for her dissenting votes on monetary policy, but that's not the only way she stands out.

CFPB Set to Release Payday Lending Proposal on June 2

American Banker

The bureau said Wednesday that it plans to hold a public hearing in Kansas City, Mo., The hearing will be held at the Kansas City Convention Center and will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and the public. to discuss small dollar lending.

Fee Income, Loans Boost Profits at Commerce Bancshares

American Banker

Fees and loans drove up third-quarter profits at Commerce Bancshares in Kansas City, Mo. breaking_news performance earnings-national-regional-banks mo national-regional

This Is How Our Regulators Are Viewing Bank Risk, Capital And Org Structure

Banker to Banker

The Kansas City Fed released an interesting research paper titled The Effect of Risk and Organization Structures on Bank Capital Ratios. The research looks at how risk and a bank’s organizational structure impacts its capital levels.

Regional Fed Presidents to Testify Before House Panel Next Week

American Banker

Kansas City Federal Reserve Board President Esther George and Richmond Fed President Jeffrey Lacker will testify before a House panel on Wednesday. breaking_news fed law-regulation

Once Upon A Time: How An Examiner’s Enlightened Words Turned This Bank Around

Banker to Banker

It used to be a great bank with branches filled with vibrant customers and earnings as thick as Kansas soil. Once upon a time there was a bank that was close to failure.

Kansas 255

UMB Profit Rises as Turnaround Continues

American Banker

UMB Financial in Kansas City, Mo., reported higher quarterly profit as it continues to makes progress on a multi-year effort to slash expenses. breaking_news national-regional performance earnings-national-regional-banks community-banking

Commerce 1Q Profit Rises on Higher Commercial Lending

American Banker

First-quarter profit improved at Commerce Bancshares in Kansas City, Mo., as commercial-and-industrial loans increased. breaking_news performance mo national-regional

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C

A Novel Solution for Reg Burden: Sharing Compliance Officers

American Banker

Five banks in Kansas are putting together plans to share a compliance officer. While the move should save money, the banks are fully aware of the risks involved with the potential collaboration. community-banking law-regulation compliance strategic-alternatives ks dealmaking-strategy

UMB Profits from M&A, Names CFO

American Banker

UMB Financial in Kansas City, Mo., on Tuesday reported higher than expected quarterly profits due to loan growth from a recent acquisition. breaking_news dealmaking-strategy earnings-national-regional-banks m-a commercial-lending national-regional

Dodd-Frank Is Making Rural Mortgages Scarce, Small Bank Warns

American Banker

The clock is ticking to amend Dodd-Frank Act regulations before consumers in rural communities run out of borrowing options, community bankers from Kansas and Oklahoma told a House panel on Thursday.

A Tonic for the Advisory Blues at UMB

American Banker

UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business. breaking_news dealmaking-strategy performance m-a community-banking