LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit...
For value, the Federal Reserve estimates that a college grad will make about $830,000 over the course of a lifetime; the Georgetown University Center for Education and the Workforce estimates the value...
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NEW REPORT: The Community Banks’ Faster Payments Wake-Up Call
The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end....
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Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment...
Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen...
View ArticleCommunity Banks Aim To Amplify Competitive Edge With FinTechs
With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Enter:...
View ArticleMastercard, Regal Help Community Banks Offer Corporate V-Cards
Regal Software has announced a collaboration with Mastercard that enables financial institutions to support virtual corporate payments. In a press release, Regal said its agreement with Mastercard will...
View ArticleFDIC To Help Banks Embrace Tech, Innovation
The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC Chairman Jelena McWilliams made the announcement at...
View ArticlePatriot National Hits Regulatory Snag In SBA Platform Plans
Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial...
View ArticleMOXY Preps Launch Of New Community Bank With NYMBUS
MOXY bank, preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital...
View ArticleHeartland Launches Online Biz Acct Opening For Community FIs
Banking holding company Heartland Financial is broadening its online bank account opening capabilities to the business community. A press release Friday (May 31) said Heartland is offering online...
View ArticleHow Small FIs’ SMB Lending Journeys Nudge The US Toward Open Banking
To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. For community banks and credit unions, their physical proximity to the small...
View ArticleBanking-As-A-Service Takes On The Underbanked SMB
There is good news, and there is bad news with regards to the path to addressing the unbanked and underbanked in the United States. The good news is that the size of the U.S. underbanked population...
View ArticleFed Looks To Small Banks To Bail Out SMBs
The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and local banks for the job. One such bank is...
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Open Banking FinTechs Target SMB Underwriting Pains
While traditional banks continue to collaborate with FinTechs and facilitate data integrations to strengthen their product offerings for small- to medium-sized businesses (SMBs), more FinTechs are...
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Banks Large And Small Turn To FinTech Friends For Modernization
From multinational banks to community financial institutions (FIs), teaming up with external help can be a valuable strategy to strengthening product offerings. This week’s examination of bank-FinTech...
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