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Banks Won’t Skimp on Technology Spend Despite Bleak Economic Predictions

Bank Innovation

Despite predictions of a bleak economy and decreasing investment spending from businesses, banks will not be cutting down their technology spend in 2019, according to Kurt Spieler, Chief Investment Officer at First National Bank of Omaha.

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UBS, Comerica and Mastercard: The Biggest Banking Moves in February

Banking Exchange

Senior leadership appointments at UBS, Comerica, Mastercard, Capital Bank, BMO, Mutual of Omaha, Bank of Hawaii and KeyCorp Management Feature Human Resources Feature3.

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CIT sells wealth management business to FirstSun Capital

American Banker

CIT inherited the business with its purchase earlier this year of Mutual of Omaha Bank.

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Credit Card Charge-Offs Reach Highest Rate Since 2009

PYMNTS

Capital One wasn’t far behind at 5.31 Omaha-based First National Bank rounded out the top three at 4.21 Capital One responded that it had not loosened its standards. Synchrony Financial saw the highest charge-off rate at 5.4 percent, up from 4.84 percent the previous year. percent, up from 4.23 percent in 2016. million of them.

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Buffett Hungry For Banking Stake In India?

PYMNTS

Is India proving a lure, once again, for the “Oracle of Omaha?” The bank is the third largest, as measured by market capitalization, and has broad reach, as noted above. The bank, which saw its shares surge double digits intraday on the news, has said that it is unaware of that rumored intent.

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Darkstore eCommerce Fulfillment Firm Raises $21M

PYMNTS

including Honolulu, Toledo, Ohio and Omaha, Nebraska. Founded in May of 2016, San Francisco-based Darkstore offers a platform that enables on-demand, same-day and 2-day delivery options for eCommerce sites. Darkstore currently has more than 600 fulfillment centers across 39 cities in the U.S.,

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Why AI Risk Tech And Banks Could Be A Match Made In Heaven

PYMNTS

Customers Bank and its BankMobile division, First National Bank of Omaha, First Federal Bank of Kansas City and Accion Chicago are all slated to partner with Upstart to extend a white label version of its lending platform to their customers.