Bank Innovation

SEPTEMBER 9, 2019

When customers walk into one of Academy Bank’s new branches, a banker will guide them to a screen where they can video chat with a specialist at Academy’s headquarters in Kansas City.

Video 170

Video Kansas City Kansas Customer Experience 170

PYMNTS

OCTOBER 21, 2019

Some entertainment innovators are also rolling out new subscription services. And retailers are offering innovative subscriptions for all sorts of products. The pilot program was first announced in June at the company’s shareholders meeting, with a rollout planned in Vero Beach, Florida; Pittsburgh and Kansas City.

Innovation 109

Innovation Retail Payments Las Vegas 109

Abrigo

AUGUST 6, 2021

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). Economy , supervisory and risk specialists from the Federal Reserve of Kansas outline top challenges and opportunities regarding the future of community banking. In the recent publication, Community Banks’ Ongoing Role in the U.S. Digitalization.

Community Bank 195

Community Bank Community Kansas City Lending 195

PYMNTS

JULY 22, 2020

a financial services holding company based in Kansas City, Missouri. This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”. Brex said the FDIC insurance on uninvested cash reserves up to $250,000 is the result of a partnership with UMB Financial Corp. ,

FDIC 166

FDIC Kansas City San Francisco Missouri 166

PYMNTS

MARCH 3, 2017

Technology innovation can happen at any place at any time. As rental prices for prime real estate in large cities continues to rise, startup companies and innovation centers look to the surrounding areas. It soon found out that it needed more than just fast internet to attract the tech-savvy crowd.

Indiana 100

Indiana Indianapolis Innovation Technology 100

PYMNTS

AUGUST 7, 2020

Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co. FedNow Will Augment Private Systems, Not Replace Them .

America 189

America Kansas City Payments Kansas 189

PYMNTS

SEPTEMBER 12, 2019

The company services the two metroplexes of Kansas City and Dallas. With the help of technology and an on-demand business model, digital innovators like Zohr aim to change the way consumers buy their tires ?— Both cities are relatively spread out, so people have longer commute times. and avoid the trek to a garage.

Kansas City 250

Kansas City Metro Kansas Dallas 250

PYMNTS

JANUARY 31, 2019

The partnership will integrate the R3 platform into the SWIFT global payments innovation (gpi) offering. The trio is comprised three executives of the Federal Reserve Bank of Kansas City: Barbara Pacheco, former senior vice president, Thomas Hoenig, former president, and Bruce Summers, former director of information technology.

blockchain 193

blockchain Kansas City Kansas Payments 193

PYMNTS

AUGUST 5, 2019

The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. The Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow.

System 212

System Payments Kansas Online 212

Independent Banker

OCTOBER 31, 2022

A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. While challenging for some, this convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year.

Fintech 126

Fintech Community Bank Kansas City Community 126

PYMNTS

OCTOBER 9, 2019

In other Federal Reserve news , the organization’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft of the Payments Modernization Act of 2019. This means the potential credit card spending power now resides at $3.8 trillion since 2010.

Cards 152

Cards Kansas City Kansas Lending 152

PYMNTS

MAY 27, 2020

For example, the Dillard’s store in Kansas City reported strong traffic as did its neighbors in the city’s Zona Rosa shopping district. There are deals on things that are rarely discounted, like cosmetics and Kendra Scott jewelry,” reported Fox4 in Kansas City.

Retail 143

Retail Kansas City Kansas Branding 143

PYMNTS

APRIL 16, 2019

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.

Kansas City 223

Kansas City Lending Omaha Kansas 223

PYMNTS

AUGUST 8, 2019

The impact of the Federal Reserve’ s faster payments initiative puts an interesting spin on the nation’s payments innovation efforts overall. But reports also noted that the acceleration of check payments could have significant impact for companies and small businesses that use paper checks to pay vendors or employees.

Payments 166

Payments Kansas City Kansas Capital 166

PYMNTS

DECEMBER 14, 2017

This quarter, for example, we launched The Groomery by PetSmart, our innovative new store concept focusing exclusively on pet grooming services.”. “In addition to our store growth, we continue to take steps to further enhance the customer experience. New store openings in Canada can be found in Ontario and Saskatchewan.

Puerto Rico 109

Puerto Rico South Carolina New Hampshire Idaho 109

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. At the same time, their fundamental view of credit is consistent with the bank’s philosophy.”

Capital 122

Capital Fintech Kansas United States 122

PYMNTS

DECEMBER 11, 2017

The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S.

Security 112

Security Kansas City Payments Boston 112

PYMNTS

SEPTEMBER 16, 2019

“We look forward to working with the Carahsoft and Grant Thornton teams as they provide SaaS solutions to ensure constant innovation and security in our payroll services.” ” According to the GSA, the federal government is one of the nation’s largest payrolls, with more than 2.2

Kansas City 116

Kansas City US Kansas System 116

Gonzobanker

FEBRUARY 1, 2023

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

Arizona 148

Arizona Kansas City Industry Fintech 148

PYMNTS

JULY 31, 2019

Money is moving faster than ever, with innovations making it possible for consumers and businesses to send and receive payments within minutes as opposed to days. These innovations can save valuable time and money, but they do not often solve issues associated with international payments.

Payments 144

Payments blockchain Kansas Security 144

PYMNTS

JANUARY 17, 2018

This exclusive retail partnership brings the value, innovation and support of H&R Block do-it-yourself desktop software products to the world’s largest retailer, making the do-it-yourself products even more convenient for clients.”.

Taxes 108

Taxes Software Kansas City Kansas 108

PYMNTS

SEPTEMBER 27, 2019

Even with some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. Research from PYMNTS, however, finds that many travelers are interested in innovative payment solutions. payments ecosystem implications. Those products could make it easier to pay for vacations.

Data 122

Data North Carolina Kansas City Payments 122

PYMNTS

AUGUST 7, 2020

They thought they were buying something from a company in Kansas. Faster payments innovation is also arming businesses with more data to weigh risks, he said. “These companies all had vendors or suppliers in their second and third tier working out of Hubei Province and the city of Wuhan,” Gupta told PYMNTS. “A

Security 174

Security Analytics Kansas Data 174

PYMNTS

SEPTEMBER 27, 2019

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. Reception toward the initiative was not, however, universally positive. payments ecosystem. payments ecosystem.

Payments 174

Payments Kansas City Community Bank Community 174

Banking 2020

FEBRUARY 1, 2016

Innovation requires understanding your client base and providing differentiated services that clients will find value in. Banks must innovate and be nimble to address emerging client needs in the neighborhoods they serve. As community banks, we must recognize and be responsive to what our clients are demanding of us.

Innovation 40

Innovation Missouri Kansas City Kansas 40

PYMNTS

AUGUST 30, 2016

and Kansas City areas, now wants to launch a package delivery service that would use self-driving droids to transport packages to a customer’s front door, according to The Boston Globe. Bridj — a Boston-based transportation startup that acts like an Uber for bus rides and currently serves the Boston, Washington, D.C.,

Boston 101

Boston Kansas City Kansas Washington 101

PYMNTS

APRIL 25, 2019

Cloud technology is relatively old, considering the pace of innovation in the back office. However, that doesn’t mean every business has taken this seemingly basic first step in digital transformation.

Kansas City 115

Kansas City Kansas Analysis Resources 115

CB Insights

FEBRUARY 1, 2019

Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. Connecticut Innovations. Innovation Catalyst. 2018 VC Report: global funding surges 21% compared to 2017. BIP Capital.

United States 78

United States Capital DC Rhode Island 78

PYMNTS

JANUARY 29, 2020

We work very closely with the Heartland Credit Union Association, [a CU trade association that] handles Kansas and Missouri, to make sure that our point of view is represented not just with the SAFE Banking Act , but other legislation that is being considered out of Washington, D.C.,” he explained.

St. Louis 130

St. Louis Missouri Survey Fintech 130

PYMNTS

MARCH 13, 2019

The fast casual chain first began testing the program in Columbus, Kansas City and Phoenix last fall, and has been developing the idea of a digital-centric loyalty program for the last few years. Though Chipotle rolled out its points-based loyalty system nationwide yesterday, the upgrade itself has been a long time coming.

social media 108

social media Kansas City Columbus Phoenix 108

CB Insights

MARCH 13, 2019

The startup with the least funding on the list is Rhode Island’s The Innovation Scout , a SaaS platform that has raised $50K. The Innovation Scout. They include cybersecurity company StackPath ($180M) and fintech companies Opera Solutions ($122M) & Petuum ($108M). Total Equity Funding ($M). Info Assembly. California.

United States 78

United States Rhode Island Massachusetts Connecticut 78

American Banker

NOVEMBER 3, 2016

Stessa Cohen warns that if we aren't careful, we could bring old gender biases into world of bank bots; Amy Nauiokas argues bank innovation should be applied more broadly, not just in technology; Marva Smalls recalls how she broke out of her comfort zone; and Esther George of the Kansas City Fed talks about staying true to her convictions.

Kansas City 28

Kansas City Innovation Kansas Technology 28

PYMNTS

SEPTEMBER 7, 2017

payment system that will require the sustained commitment of the Federal Reserve and the industry to achieve,” said Esther George, chief executive of the Federal Reserve Bank of Kansas City, who also serves as executive sponsor of the payments improvement initiative. “Our 2015 paper laid out ambitious goals for the U.S.

Payments 124

Payments Kansas City Security Industry 124

Independent Banker

APRIL 30, 2022

Central Bank of Kansas City. Kansas City. Reynolds points to BankSouth’s focus on innovation as a contributing factor. I don’t pass an opportunity to make a pitch for innovative ideas,” Reynolds says. One American Bank. Sioux Falls. Magnolia Bank, Inc. Hodgenville. University Bank. Peoples Bank. Mendenhall. Shelbyville.

Community Bank 172

Community Bank Community Montana Taxes 172

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

Washington 101

Washington Regulation Conference Fintech 101

Independent Banker

MAY 31, 2022

Blue Ridge Bank uses one of its new branch locations as an innovative, hands-on classroom for local high school students. are getting a behind-the-scenes look at the world of community banking thanks to an innovative partnership between Blue Ridge Bank and Trust Co. By Beth Mattson-Teig. High school students in Independence, Mo.,

Community Bank 91

Community Bank Community Kansas City Course 91

CFPB Monitor

AUGUST 22, 2016

Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Trent Sorbe, President, Central Payments Division, Central Bank of Kansas City, Kansas City, MO. William Howle, Head of U.S. Retail Bank, Citibank, New York, NY. Ruhi Maker, Senior Attorney, Empire Justice Center, Rochester, NY.

San Antonio 60

San Antonio Kansas City Groups CA 60