Tagged: community banks

Fraud Prevention: Financial Institutions Combat Fraudulent Activities with Video Verify from Eltropy

Credit unions and community banks, facing a surge in sophisticated fraud along with the challenge of protecting their members’ personal information, are “taking proactive steps to combat this alarming trend.” As the financial industry grapples with increasing fraud threats, community financial institutions (CFIs) are “turning… Read More

Video Banking: Eltropy, the Digital Conversations Platform for Financial Institutions, Adds Fraud Prevention Capability

Eltropy, the digital conversations platform for community financial institutions, announced it has added new use cases – including fraud prevention – and new deployment models for its Video Banking technology, “enabling community banks and credit unions (CFIs) to offer branch-like experiences to their customers and… Read More

Fintech Torpago Introduces Credit Card Program for Community Banks, Credit Unions

Torpago, a modern business credit card and spend management platform provider, today launched Powered By, a private label credit card program that will “allow community banks and credit unions to launch their own fully branded, end-to-end corporate credit card product and accompanying spend management platform.”… Read More

Digitalization: Migration of Finastra Fusion Phoenix Core Solution to Cloud Announced by First Citizens Bank

Finastra announced that First Citizens Bank of Iowa and Minnesota, a family-owned community bank headquartered in Mason City, Iowa, has “expanded its collaboration with Finastra, migrating Finastra’s Fusion Phoenix core solution from on-site hosted to the cloud.” The bank will leverage its new core capabilities… Read More

Professional Services Firm CLA Partners with KlariVis, an Analytics Solution for Financial Services Sector

CLA (CliftonLarsonAllen LLP), which claims to be the eighth largest professional services firm in the United States, and KlariVis, a visually interactive dashboard and analytics solution for the financial services industry, announced a new nationwide strategic relationship “to support community banks and their ability to… Read More

Fintech Firm Pidgin, Community Bankers’ Bank to Facilitate Faster Payments

Pidgin, a secure real-time payments platform built for the future of payments, announced that Community Bankers’ Bank (CBB), is “extending the platform to its network of independent community banks in the Fifth Federal Reserve District and contiguous states.” CBB selected Pidgin to “provide its community… Read More

Finastra Introduces Cloud-enabled Risk Management Solution for Community Banks

Finastra recently unveiled Finastra ALM IQ, a risk management solution available for banks from March 2023. The unique Cloud-based balance sheet management tool “enables small and medium-sized banks to make confident decisions in shorter timeframes, making them more competitive against larger financial institutions.” ALM IQ… Read More

Synctera, which will Help Community Banks and Fintech Firms, Secures $33M via Series A

Synctera, a startup that helps connect community banks and Fintech firms, has secured $33 million through a Series A round that was led by Fin VC and included contributions from Mastercard. The Synctera team notes: “We’re bringing community banks and FinTechs together. One part marketplace…. Read More

It’s “Absolutely Essential” for Smaller Lenders to Work with Fintech Firms, According to Community Banking Executives

Community banks and credit unions have been finding it difficult to keep their platforms updated with the latest innovations because of limited capacity, lack of industry skills and expertise, and relatively small budgets. Due to these limitations, small lenders have been working with Fintech firms,… Read More

AI-based Banking Tech Provider Neocova Secures $9.5 Million in Investments from US-based Community Banks

Several US-based community banks have reportedly invested $9.5 million into artificial intelligence (AI)-enhanced, API-driven banking technology provider, called Neocova. Developed specifically for community banks, Neocova’s cloud-powered core platform handles the management of customers, their deposits, and any loan products they might be using. The latest… Read More

CommunityLeader Teams Up With Breakaway Funding To Release Whitepaper On Community Banking & Crowdfunding

CommunityLeader, Inc., a technology and service leader in the emerging crowdfunding industry and Breakaway Funding, LLC, a new crowdfunding portal platform announced the joint publication of “Community Banks: Sink or Crowdfund“— a whitepaper for community bankers on how to leverage the changing landscape in the… Read More

What’s In Store For Lending Club In 2014: An Interview With Renaud Laplanche

In the ever-growing crowdfunding community, peer lending reigns supreme. A TD Economics report we covered last week estimates the size of the global crowdfunding industry at somewhere between $3 and $5 billion in 2013. Of the sites responsible for this emergent shift in capital access,… Read More

Hybrid, Accredited-Only Crowdfunding Platform “Breakaway Funding” Launches Next Week

A new crowdfunding platform called Breakaway Funding launches next Tuesday. It aims to provide both equity-based and debt-based crowdfunding models for companies seeking to access the crowd’s capital. In order to take advantage of a new and ample source of business capital made available by the… Read More

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