New US-Mexico payments pathway will tap rural community banks
Finextra
AUGUST 1, 2024
A new cross-border payments infrastructure will enable remittances between the US and Mexico via 140 community banks in rural areas.
Community Banks Related Topics 
Community Banks Accelerate FinTech Integrations
PYMNTS
JULY 7, 2020
For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.
Helping Community Banks Turn On The Innovation Switch
PYMNTS
MARCH 12, 2019
Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Community banking is no exception. Leveling the Playing Field.
Community bank enlists Coinbase, SAP to offer crypto
Payments Source
FEBRUARY 3, 2021
Vast Bank in Oklahoma is one of the first to allow customers to purchase digital currencies, a market that has proved lucrative for fintechs.
Community Banks 
123
123 
Reem Finance Selects Temenos Cloud-Based Solution to Power New Digital Community Bank in the UAE
The Fintech Times
NOVEMBER 29, 2024
Reem Finance , a corporate and retail finance specialist regulated by the UAE Central Bank , has selected Temenos , the composable banking platform, to power a new digital community bank in the United Arab Emirates.
Community Banks Debut FinTech Alliance
PYMNTS
NOVEMBER 13, 2018
Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.”
ICBA Payments Partners With Pidgin to Improving Speeds for Community Banks
The Fintech Times
AUGUST 2, 2024
Pidgin , the payments ecosystem, has been selected by ICBA Payments , the payments subsidiary of the Independent Community Bankers of America (ICBA) as a new partner to facilitate instant payments for community banks across the US. The speed of payments from community banks is another big reason for their rising popularity.
How To Ensure Community Banks Aren’t Left Behind In The Digitization Revolution
PYMNTS
MARCH 6, 2020
That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. At the same time, the logistical challenges and competitive pressures associated with digitization remain just as pertinent for community banks.
Streamly: Community Banks, Credit Unions, and Big Tech Partnerships
Finovate
JULY 18, 2024
How can community banks gain a competitive edge through technology? Barb MacLean, SVP and Head of Technology Operations and Implementation at Coastal Community Bank, talks about how technology can help community banks secure a competitive edge.
Credit Union 59
59 
Community Banks Want The Federal Reserve To Create Real-Time Payments System -- Fast
Tom Groenfeldt
JANUARY 29, 2019
Community banks don't trust The Clearing House and its big bank owners to treat them fairly -- they want the Federal Reserve to develop a real-time payment system of its own and extend it to financial institutions of all sizes.
Streamly Snapshot: Digital Transformation of Community Banks
Finovate
SEPTEMBER 26, 2024
How is digital transformation impacting community banking? What can community banks do to maximize the opportunities that digitalization can provide? And what role should enabling technologies like AI play in helping community banks develop new products, new services, and new sources of revenue?
Community banks are missing the card payment wave
Payments Source
JANUARY 19, 2021
Smaller institutions are relying on an issuing system that gives away control over card programs, says Corserv's David Luther.
Mnuchin: Community Banks Processed Almost All $875M+ In Relief
PYMNTS
APRIL 3, 2020
Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP) loans. Mnuchin said in a tweet , “#PPPloan now over $875,000,000 processed almost all from community banks! Big banks taking applications and will submitting them shortly.”
AFC Comes to Community Banks’ Aid to Stop Harmful Legislation Being Passed
The Fintech Times
MARCH 16, 2024
Recently in the US, there has been talk of regulation to limit the power of community banks. Our members have stepped in to serve communities long forgotten by large financial institutions and are creating safe, responsible, and affordable financial options for Rhode Island and DC families.”
Community Bank & Trust Leverages ValidiFI to Verify Bank Account Information
Finovate
AUGUST 30, 2024
Community Bank & Trust selected ValidiFI to help verify bank account ownership and possession for prospective borrowers. Community Bank & Trust will leverage ValidiFI’s vAuth to verify bank account status and account ownership and possession for its Tax Refund Advance loan program.
Bringing Change To Rural and Community Banks-Time for Core Banking to be Open
Finextra
JUNE 2, 2024
Rural, thrift and community banks are where large numbers of people and small businesses find access.
Streamly Snapshot: Creating Revenue Streams for Community Banks and Credit Unions
Finovate
DECEMBER 12, 2024
Community banks and credit unions have long been the cornerstone of local economies. Today’s Streamly video highlights a conversation I had with Rob Thacher, CEO at BankShift , a banking-as-a-service platform. As technology and consumer preferences evolve, however, so must their revenue strategies.
Credit Union 52
52 
CSI targets $1B in annual revenue
Payments Dive
MAY 2, 2023
The company that provides community banks with payments, fintech and other services is gunning for growth with new private equity capital.
Community Banks 158
158 
Reem Finance leverages Temenos for new digital community bank in the UAE
The Paypers
NOVEMBER 28, 2024
Reem Finance, a UAE-based financial services provider, has selected Temenos' solutions to launch a new digital community bank in the region.
The Data is Clear: The Durbin-Marshall Credit Card Bill Will Harm Credit Unions and Community Banks
Electronic Payments Coalition
FEBRUARY 8, 2024
That’s why credit unions and community banks in all 50 states oppose the Durbin-Marshall Credit Card Bill. The post The Data is Clear: The Durbin-Marshall Credit Card Bill Will Harm Credit Unions and Community Banks appeared first on Electronic Payments Coalition.
Credit Union 59
59 
InvestiFi unveils securities investment service for community banks and credit unions
Finextra
OCTOBER 1, 2024
InvestiFi, the provider of investing solutions for Community Credit Unions and Banks, has announced today the launch of its new service to enable Credit Unions and Community Banks to provide their account holders with self-directed investment capabilities through InvestiFi’s registered investment adviser and FINRA member broker-dealer subsidiaries. (..)
Credit Union 52
52 
Pidgin and ICBA Payments partner to offer instant payments to community banks
Finextra
AUGUST 2, 2024
Pidgin, a secure, real-time payments platform built for the future of payments, has partnered with ICBA Payments, the payments subsidiary of the Independent Community Bankers of America (ICBA), to offer instant payments to the nation’s community banks.
Eltropy rolls out AI suite built exclusively for credit unions and community banks
Finextra
JULY 25, 2024
Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), today announced the general availability of the industry’s most advanced Safe-AI suite built exclusively for credit unions and community banks.
Credit Union 52
52 
A New Class of Fintechs is Challenging Community Banks and Credit Unions
Lending Front
FEBRUARY 22, 2021
If JPMC is scared about the growth of Fintech, your community bank certainly should be, especially when it comes to business lending. . Here are a few ways in which fintech is affecting the business lending landscape for community banks. Community banks and credit unions are a long-established source of those loans.
Credit Union 52
52 
What 'Google Checking' means for community banks
Payments Source
JANUARY 30, 2020
What Google ultimately does with its Google Checking service for banks will have a major effect on how mobile payments at all levels — from point of sale, to e-commerce, P2P and bill pay — will move forward.
Q2 helps Community Bank of Louisiana advance digital banking adoption
The Paypers
DECEMBER 19, 2024
Community Bank of Louisiana has selected Q2 , a provider of digital transformation solutions, to help accelerate its digital banking offering.
Payments' tech wave provides a feast for community banks and credit unions
Payments Source
JANUARY 15, 2019
Credit unions and smaller banks can differentiate themselves by returning to the passion for personal service that first anchored their success, and payments are central to this strategy, according to Deborah Matthews Phillips, managing director of payment strategy at Jack Henry.
Credit Union 71
71 
The Bank of Missouri signs with i2c
Finextra
JANUARY 26, 2024
a leading provider of banking and payments solutions, announces a five year partnership with The Bank of Missouri (TBOM) a celebrated community bank renowned for its pioneering digital banking initiatives.
Community Banks 118
118 
15 community banks join The Clearing House’s real-time payments network
Payments Source
OCTOBER 29, 2019
Many small banks remain skeptical of the payments network because it is owned and operated by big banks and they are waiting for the Federal Reserve to launch a rival service.
How Community Banks Benefit from a Merchant Processing Partnership: Interview with Glenwood State Bank
Evolve Payment
APRIL 12, 2023
Glenwood State Bank previously managed their merchant service options in-house but understood with accelerating technology, including EMV and Pin Chip, they needed to partner with a team that could help upgrade their customers and transition their customer portfolio. “You Working at Glenwood State Bank Why are you in this role?
The Economy is Rebounding—But Small Businesses Are Still Recovering. Here’s What Community Banks Can Do
Lending Front
JUNE 6, 2021
Enter community banks. By understanding the unique circumstances facing local small businesses, you can play a crucial role in filling their financing gaps—and ensure they remain open to serve the communities that depend on them. Here’s how community banks can help meet their needs. .
Macro Uncertainties, Technology and Community Banks-A possible path ahead.
Finextra
JULY 7, 2024
I had an hour-long conversation with my peers at the World Finance Council panel discussion in Singa.
First Pacific Bank Expands Its Instant Payments Offerings With Finastra, Driving Growth
Fintech Finance
SEPTEMBER 24, 2024
Finastra has announced that First Pacific Bank , a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. To learn more about Payments To Go, visit Finastra at Sibos 2024 on stand G30.
ISO 20022 135
135 
Black Business Owners Face Disproportionate Challenges When Applying for Loans. Here’s What Community Banks Can Do
Lending Front
MAY 11, 2021
Small banks play a big role in community-building . With widespread vaccine distribution and restrictions easing, community banks and credit unions are in a position to support small businesses and work to eliminate the funding obstacles in the way of Black small business. Here are three ways to start: .
What Exemption? — Community Banks & Credit Unions Lose Under the Durbin Amendment
Electronic Payments Coalition
OCTOBER 30, 2023
Although the Durbin Amendment supposedly “exempted” community banks and credit unions, data from the Federal Reserve clearly show that, following the amendment’s passage, interchange revenue fell for these entities in real terms. The same thing will happen if proposed credit card routing mandates are enacted into law.
Credit Union 40
40 
Tompkins Community Bank selects NCR Atleos ATM-as-a-service
The Paypers
OCTOBER 22, 2024
Tompkins Community Bank has strengthened its partnership with Atleos by selecting the company’s ATM-as-a-service (“ATMaaS”) solution to advance its self-service banking.
Small and mid-sized banks can’t shy away from AI
Payments Source
MAY 28, 2019
While some of the biggest institutions are already rapidly developing new technologies, it’s important that community banks also tap the power of artificial intelligence and machine learning.
Eltropy launches Voice+ for community FIs
Finextra
MAY 15, 2024
Eltropy, a pioneering conversations platform for credit unions and community banks, today launched Voice+, integrating traditional voice capabilities with digital channels like text messaging, video, and chat into a unified contact center solution.
Credit Union 97
97 
Fintech Rundown: A Rapid Review of Weekly News
Finovate
OCTOBER 21, 2024
Bank technology Tompkins Community Bank selects NCR Atleos ATM-as-a-Service to strengthen self-service banking. News in the payments space has been heating up this month, with announcements from Mastercard, Stripe, Token.io, Worldline, and Tyfone shaking things up. What’s next for payments?
ATM 105
105 
Enhancing Customer Engagement with AI-Based Hyper-Personalization
Finovate
MARCH 4, 2024
Join us for an exclusive webinar that explores the cutting-edge partnership between Central Bank and Personetics, aimed at revolutionizing the way community banks deliver meaningful value by proactively helping customers better manage their finances. Why Attend?
AI 97
97 
Agora Brings Real-Time CX To Community Banks, Backed By The ICBA And The Venture Center
Tom Groenfeldt
FEBRUARY 11, 2019
When the community bankers' trade association went looking for a tech accelerator that could help provide next gen apps for smaller banks, it selected The Venture Center in Little Rock, Arkansas which had experience developing apps for FIS.
Inside 6 of the FDIC’s top concerns over stablecoins
Payments Dive
OCTOBER 21, 2022
The regulator’s acting chief discussed their potential effect on community banks, interplay with FedNow and a potential CBDC, the importance of inclusion and the limits of regulation.
FedNow 97
97 
Chuck morphs into a new Alloy Labs-backed effort
Payments Dive
JUNE 27, 2024
Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.
Zelle 88
88 
The partners that can help Fed speed launch of real-time payments
Payments Source
SEPTEMBER 28, 2020
The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.
Let's personalize your content