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Banking Fintech News

Centric Bank Named to American Banker’s Top 200 Community Banks in the U.S. and Independent Banker’s 2020 Top Lenders

Fintech News Desk
by Fintech News Desk0
Centric Bank, the wholly owned subsidiary of Centric Financial Corporation (OTC: CFCX), has been recognized as one of American Banker’s Top 200 Community Banks in the U.S. for the second consecutive year, as well as one of Independent Banker’s Top Lenders for 2020. Read More: COVID-19 and Automation are Changing Finance for Good American Banker‘s annual......
Fenergo Reports Rapid Cloud Adoption in Financial Sector Digital Awakening
Fintech News

AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year

Fintech News Desk
by Fintech News Desk0
Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, today released its mid-year findings on global financial institution fines which show that by the end of July 2020, penalties......
Business Fintech Funding News

EnrichHER Launches All Rise Factory Program to Fund 100+ Women-Led Businesses

Fintech News Desk
by Fintech News Desk0
According to CNBC, in venture capital, men still get the lion’s share of funding; while according to Pitchbook, only 2% of capital goes to U.S.-based female-only founder teams. Of the 2%, women of color get only a fraction. EnrichHER is on a mission to change these statistics with their All Rise......
Despite Pandemic, Businesses Feel Ready to Face Challenges to Drive Growth, Lean on Modifications to Operations to Get There
Fintech News

Lakeside Bank Partners with Jack Henry & Associates to Continue Community-First Approach While Driving Growth Through Digital Banking and Expanded Services

Fintech News Desk
by Fintech News Desk0
Bank plans enterprise transformation to support aggressive growth goals while keeping service the top priority Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that Rockwall, Texas-based Lakeside Bank converted to the cloud hosted......
FINSYNC Launches Cooperative Structure to Help Community-Based Financial Institutions Compete
Banking Fintech News

FINSYNC Launches Cooperative Structure to Help Community-Based Financial Institutions Compete

Fintech News Desk
by Fintech News Desk0
FINSYNC, a leading provider of payment technologies and cash flow management software for businesses announces a new class of bank and credit union partner, Charter Member, which comes with benefits much like membership in a cooperative. Read More: GIACT Donates Identity and Account Verification Services to the Brave of Heart......
Banking Fintech Fintech Startups Interviews

Global Fintech Interview with Keren Moynihan, CEO at Boss Insights

Paroma Sen
by Paroma Sen0
Innovations when it comes to lending technology have been evolving at a rapid pace and the ongoing Covid-19 pandemic has fast tracked new developments in this segment. In this interview, Keren Moynihan, CEO at Boss Insights talks about the future of lending tech and finance tech while sharing a little......
Artificial Intelligence Fintech News

Camino Financial Raises Debt Funding to Support Latinx-and Undocumented-Owned Businesses Impacted by COVID-19

Fintech News Desk
by Fintech News Desk0
The debt funding forms part of a broader Fintech COVID-19 Response Initiative led by impact investment fund Community Investment Management. Camino Financial, a Fintech that provides affordable loans to small businesses, announced raising debt funding to lend to underserved Latinx- and Undocumented-owned businesses in Colorado.  The debt funding will come......
Banking Economy Fintech News

Wells Fargo Pledges up to $20 Million to Support New York Economic Recovery Efforts

Fintech News Desk
by Fintech News Desk0
Wells Fargo & Company (NYSE: WFC) announced today that it pledged up to $20 million to support the New York Forward Loan Fund (NYFLF), an economic revitalization program across New York State. Initiated by New York Governor Andrew Cuomo, NYFLF is aimed at helping small businesses, nonprofits, and small landlords as they......
Fintech News

Coronavirus Impact Drops Americans’ Financial Satisfaction to 2015 Levels: AICPA index

Fintech News Desk
by Fintech News Desk0
As Americans continue to endure the economic impact of the COVID-19 pandemic, financial satisfaction continues to fall from its recent all-time high. The AICPA’s Q2 2020 Personal Financial Satisfaction index (PFSi) measures 15.2, a 55 percent (18.5 point) decrease from the previous quarter. This is the PFSi’s largest quarterly drop in......
Artificial Intelligence

More Than 50% of Debt Collection Agencies Thrived Under COVID-19

Fintech News Desk
by Fintech News Desk0
Over half the collection agencies surveyed not only thrived during the pandemic, but actually outperformed their pre-pandemic metrics in a nationwide survey conducted by Prodigal Technologies, Inc. Prodigal, a debt collection AI software company, surveyed accounts receivable management (ARM) agencies about the impact of the coronavirus pandemic on their collections......
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