Tagged: community banks

January 26, 2024 @ 5:50 pm By Omar Faridi  |  

KlariVis, the data analytics partner for community banks nationwide, announced its partnership with b1BANK. b1BANK, a community bank headquartered in Baton Rouge, La., was “founded in 2006 to support local entrepreneurs and small businesses.” Thanks to a strong commitment to relationship-based banking and technology, the… Read More

December 26, 2023 @ 8:38 am By Omar Faridi  |  

CSI, a provider of end-to-end financial software and technology, announced today it has acquired St. Louis, Missouri-based software provider Hawthorn River, which offers a modern, single-platform loan origination system (LOS) “purpose-built for community banks.” The transaction reportedly follows “a successful commercial partnership between the two… Read More

July 5, 2023 @ 10:09 pm By Omar Faridi  |  

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

May 9, 2023 @ 11:11 am By Omar Faridi  |  

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

May 5, 2023 @ 2:27 am By Omar Faridi  |  

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

May 2, 2023 @ 6:17 pm By Omar Faridi  |  

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

March 26, 2023 @ 7:27 am By Omar Faridi  |  

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

February 27, 2023 @ 10:34 pm By Omar Faridi  |  

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

February 5, 2023 @ 4:07 pm By Omar Faridi  |  

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

June 3, 2021 @ 11:18 pm By Omar Faridi  |  

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

May 14, 2020 @ 7:39 pm By Omar Faridi  |  

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

January 24, 2020 @ 1:20 pm By Omar Faridi  |  

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

November 21, 2014 @ 4:12 pm By Samantha Hurst  |  

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

February 3, 2014 @ 3:30 am By Charles Luzar  |  

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

January 13, 2014 @ 10:40 am By Charles Luzar  |  

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