CFPB Monitor

MAY 22, 2023

On April 24, the Governor of Kansas signed into law Kansas Senate Bill 44 , which enacts the Financial Institutions Information Security Act (the “Act”).

Kansas 78

Kansas Security Company Technology 78

Abrigo

AUGUST 6, 2021

Economy , supervisory and risk specialists from the Federal Reserve of Kansas outline top challenges and opportunities regarding the future of community banking. Technology is an obstacle and an opportunity. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management.

Community Bank 195

Community Bank Community Kansas City Lending 195

PYMNTS

APRIL 9, 2019

KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with the scam. They might just say, ‘I need to update my direct deposit information,’” Erik Nyberg, director of information technology at KVC, told CNBC. “Or Or they start with, ‘Hey, do you have a second?’

Fraud 208

Fraud Kansas City Kansas Training 208

PYMNTS

SEPTEMBER 12, 2019

Komal said that what distinguishes Zohr from other players is the proprietary in-house technology it has built to power the business. The company services the two metroplexes of Kansas City and Dallas. It installs them, balances them and takes away old tires for recycling. and avoid the trek to a garage.

Kansas City 250

Kansas City Metro Kansas Dallas 250

PYMNTS

AUGUST 15, 2019

“Ken brings deep financial services insights and technical expertise to his new role,” said Esther George, president and chief executive officer, Federal Reserve Bank of Kansas City, who is also the sponsor of the Fed’s payments improvement initiative. “He

Kansas City 157

Kansas City Payments Kansas Leadership 157

PYMNTS

MARCH 3, 2017

Technology innovation can happen at any place at any time. While some cities like Kansas City hoped to attract entrepreneurs and technology innovators with its Google Fiber installation, it wasn’t enough. 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

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). a financial services holding company based in Kansas City, Missouri. In March, Brex opened its first international office , a technology hub in Vancouver, Canada.

FDIC 166

FDIC Kansas City San Francisco Missouri 166

BankInovation

AUGUST 1, 2022

UMB Bank Chief Information and Product Officer Uma Wilson has focused on bringing together the technology and product development teams since assuming her role at the Kansas City, Mo.-based based bank in 2021.

Kansas City 97

Kansas City Kansas Technology 97

Abrigo

FEBRUARY 23, 2023

Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Balance runoff is picking up speed, according to financial consulting firm Curinos.

Community Bank 195

Community Bank Community Kansas City Lending 195

PYMNTS

MAY 8, 2020

It isn’t alone — Delaware Valley University in Pennsylvania, Kansas City University and Central Michigan University are also considering similarly unchanged rates in order to offer an olive branch to students and families struggling due to the virus and the costly rates of higher education.

Michigan 150

Michigan Kansas City Delaware Kansas 150

PYMNTS

JANUARY 31, 2019

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. Federal Reserve said that Fed should develop its own real-time payments network.

blockchain 193

blockchain Kansas City Kansas Payments 193

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 17, 2020

Companies which have helped to provide a bridge to some semblance of normalcy, principally in technology, have seen increased demand for their services,” Mark Hamrick, senior economic analyst with Bankrate.com, said in a statement. For the week ending Sept. Department of Labor (DOL) reported on Thursday (Sept.

US 140

US Louisiana Kentucky New Jersey 140

PYMNTS

FEBRUARY 8, 2019

He added that there will be a number of tests completed before a final decision is made on whether the technology should be used in Serenity. Ripple announced the latest partners to join its University Blockchain Research Initiative (UBRI), which aims to boost the growth of the blockchain technology ecosystem.

Bitcoin 141

Bitcoin blockchain Kansas Michigan 141

PYMNTS

OCTOBER 9, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept. Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. payments ecosystem.

Cards 152

Cards Kansas City Kansas Lending 152

American Banker

JUNE 5, 2024

The Kansas financial institution is using Copper Financial's Guided Investing product that matches members to predesigned portfolios that suit their risk profile.

Kansas 83

Kansas Tools Management Technology 83

PYMNTS

APRIL 16, 2019

Our simple idea was that better technology and better data science could improve access to credit,” Girouard said. Over the long haul banks will dominate consumer lending, and we think our technology combined with the funding base for a bank is the best of both worlds for the banks and the customers,” he said.

Kansas City 223

Kansas City Lending Omaha Kansas 223

American Banker

MAY 8, 2024

DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.

Kansas 83

Kansas Fintech Technology 83

PYMNTS

FEBRUARY 6, 2019

The new funds will give us the ability to expand into new markets, enhance our technology, strengthen the team and pilot new opportunities. Partnerships like our transit data sharing for bike lane planning in Austin and Kansas City, or our membership on the St. Louis Scooter Safety Task Force.

St. Louis 139

St. Louis Kansas City Kansas Austin 139

Celent Banking

FEBRUARY 18, 2015

We have great external speakers bookending the day, and we’ll be exploring exciting technology implementations with 18 Model Banks in five categories (plus Celent’s Model Bank of the Year): • Digital. Innovation and Emerging Technologies. Omnichannel. Legacy and Ecosystem Transformation. Suresh Ramamurthi, Chairman (and CTO!)

Innovation 100

Innovation social media Kansas New York 100

PYMNTS

SEPTEMBER 16, 2019

General Services Administration (GSA) revealed that Carahsoft Technology Corporation and Grant Thornton have been chosen for multimillion-dollar task orders. The Carahsoft team, which will include collaboration from immix Technology and Deloitte Consulting, will offer Kronos and SAP tools. In an announcement on Thursday (Sept.

Kansas City 116

Kansas City US Kansas System 116

PYMNTS

APRIL 18, 2016

Three months later – well into pilot programs in Kansas, Arkansas and Missouri and less than 6 weeks before the national rollout is set to start in June, the conversation has shifted to customer service, eCommerce and how well Walmart has prepared to step into the digital arena and fight for dominance.

Arkansas 100

Arkansas Missouri Kansas Comparison 100

PYMNTS

FEBRUARY 14, 2019

Federal Government is gearing up to overhaul and upgrade its payroll technology thanks to a $20.7 million investment from the Technology Modernization Fund. Reports in GCN this week said the government has announced funding for the payroll project that will upgrade the way an estimated 800,000 federal employees are paid.

Kansas City 100

Kansas City US Kansas Software 100

Abrigo

JULY 25, 2022

As farmers adjust their credit needs in response, banks with a higher share of agricultural loan activity (“ag banks”) may see demand for loans increase,” Kansas City Fed economist Francisco Scott said in a recent research report. Department of Agriculture projects a 4.5%

Lending 195

Lending Kansas City Kansas Resources 195

PYMNTS

DECEMBER 11, 2017

“Ken’s extensive background in information technology and his collaborative leadership style will be critical to addressing a variety of important challenges as we continue to make improvements to the nation’s payments infrastructure,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City.

Security 112

Security Kansas City Payments Boston 112

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept. Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. payments ecosystem. This mirrors our ACH system, which has two operators,” she noted. “To

Payments 174

Payments Kansas City Community Bank Community 174

Independent Banker

OCTOBER 31, 2022

Investments in new companies have slowed, valuations that some early-stage companies commanded last year are ratcheting back, and financial technology providers are tightening their proverbial belts. In response, community banks, like $779 million-asset Lead Bank in Kansas City, Mo., The fintech landscape is shifting.

Fintech 126

Fintech Community Bank Kansas City Community 126

PYMNTS

AUGUST 7, 2020

They thought they were buying something from a company in Kansas. I think any technology that clarifies that and moves decision-makers away from having to use gut feeling to be able to correlate those risks in a manner that’s data efficient is going to be the future of supply chain risk and how it rolls out.”.

Security 174

Security Analytics Kansas Data 174

PYMNTS

JANUARY 29, 2020

Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. The other is the latest technology. Few are more familiar with this challenge than St.

St. Louis 130

St. Louis Missouri Survey Kansas 130

PYMNTS

OCTOBER 12, 2016

Comments made by Kansas City Federal Reserve President Esther George at a conference today [October 12] will do nothing to instill confidence among an already hesitant public with the fight against cyber criminals and in digital payments networks. George did not address the U.S. according to Fortune. George did not address the U.S.

Kansas City 100

Kansas City Kansas New York Conference 100

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the development of FedNow and its U.S. Today in the payments news roundup, the U.S.

Data 122

Data North Carolina Kansas City Payments 122

PYMNTS

MAY 1, 2018

Thirty-three years ago, Tom Thimot, the newly appointed CEO of Socure , collaborated with founder Sunil Madhu on a business specializing in physical identity verification and access solutions: Netegrity, which was ultimately sold in 2005 to CA Technologies for $430 million.

Big Data 181

Big Data CA Training Data 181

Gonzobanker

FEBRUARY 1, 2023

Many speakers talked about the huge opportunity to integrate fintech and breakthrough technologies like blockchain and AI into the established banking industry. As disruptive innovation “comes home to banking,” the team at Cornerstone Advisors predicts that the ability of technology to drive tangible business outcomes for banks may skyrocket.

Arizona 147

Arizona Kansas City Industry Fintech 147

PYMNTS

JULY 31, 2019

Cross-border transactions remain difficult to navigate due to the various regulations and technologies available in different countries. A transfer from Kansas to Africa could route through multiple different banks, each on its own network, before reaching the recipient’s account.

Payments 144

Payments blockchain Kansas Security 144

PYMNTS

MAY 10, 2018

Crowdfund Insider reported that the companies’ joint efforts support the “Thai tech ecosystem” – delivering technology from Israeli and elsewhere to clients. In a statement from Brian Unruh, CEO of NBKC, the executive said that “our strategy has been to leverage technology and innovation to expand nationally. ”

Capital 122

Capital Fintech Kansas United States 122

PYMNTS

APRIL 7, 2017

We want to work with you, invest in your business and technology, and create even more career growth opportunities for MoneyGram employees in the U.S. with EyeVerify, which it acquired last year and is based in Kansas City. MoneyGram’s management team and employees are the backbone of the organization.

Kansas City 101

Kansas City Kansas Compliance Meeting 101

PYMNTS

MARCH 26, 2020

Another is ANB Bank with assets across Colorado, Wyoming and Kansas City, which has reportedly instructed employees to issue loan deferrals for commercial properties, with reports noting more relief is likely to come as the Fed seeks to buy an array of debt products to assist SMBs.

Payments 173

Payments Pennsylvania Kansas City Wyoming 173