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Helping Community Banks Turn On The Innovation Switch

PYMNTS

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.

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Chase Launches Free Checking Account For Kids, Teens

PYMNTS

The application lets them know how much they have and when they can make purchases, and allows them to work toward a financial goal and let parents know when it’s been achieved. Allison Beer , Head of Digital for Consumer & Community Banking at J.P.

Checks 101
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Finastra Leaders Predict Top Fintech Trends For 2024

Fintech News

Leveraging AI for personalised lending Source: Freepik According to Isabel Fernandez, EVP of Lending at Finastra , mid-sized and community banks are advancing beyond larger banks due to their agility and less cumbersome legacy systems.

FinTech 113
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How is Banking-as-a-Service Driving Financial Inclusion Across the Globe?

The Fintech Times

. “One of our embedded banking clients, Wealthify , does this by focusing on financial literacy for young people, working with TikTok stars and giving teachers material on ‘essential money skills’ We also work with incuto , a platform for credit unions and community banks who often work with underserved communities.

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Finastra Leaders Predict 2024 Fintech Trends Amidst Global Challenges

Fintech News

According to Isabel Fernandez , EVP of Lending at Finastra, mid-sized and community banks are advancing beyond larger banks due to their agility and less cumbersome legacy systems. AI is being employed to assess financial health, create personalised loan offers, and improve customer education and financial literacy programmes.

FinTech 95
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American Fintech Council Looks to Enhance Financial Support for Military and Veteran Families

The Fintech Times

The American Fintech Council (AFC), the leading industry association representing responsible fintech companies and innovative banks, is partnering with the Association of Military Banks of America (AMBA), to promote responsible innovation in financial services to best serve military and veteran families.

FinTech 64
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AltFin’s Inconsistent Path To SMB Adoption

PYMNTS

Seven percent of small business owners said they would use a credit card to finance a new business , according to the National Foundation for Credit Counseling’s 2018 Consumer Financial Literacy Survey. News reports last week.