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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing.

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PSCU And Welcome Technologies Team Up On Credit Card Aimed At Immigrants

PYMNTS

Petersburg, Florida-based PSCU will work with Missouri-based MRV Banks and Mastercard on the credit card initiative. Along with credit processing, PSCU will help Welcome with debt management and credit lending through CURecovery and The Loan Service Center , according to the release.

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. Over the next five years, the bank plans to open 400 new locations, which will need about 3,000 employees. The bank said about 30 percent of the branches will be in low or moderately low income communities.

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At home with HOA banking

Independent Banker

is a full-service commercial bank with 80 branch locations in Arizona, Colorado, Kansas and Missouri. It provides a wide range of financial solutions for business and individuals, including commercial and business banking, treasury management, and mortgage services. Academy Bank in Kansas City, Mo., Solving pain points.

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Aiming for Earnings

Independent Banker

Missouri Bank sharpens focus on trimming expenses. Higher-volume lending has become more important to profitability. Calculated Lending. Budgeting for expanded lending starts with a strategic plan. Minnesota bank makes high-volume SBA lending a profitable specialty. Vigilant Eyeshades. Outsized Outsourcing.

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The United States Of Fintech Startups

CB Insights

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

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TRENDING: The Overdue Overhaul For Insurance Settlements

PYMNTS

The company recently teamed up with auto glass repair and claims management provider Safelite Solutions to offer instant payouts for car insurance claims to the latter’s customers. How Digital Disbursements Are Changing Low-Dollar Lending. Other insurance players are also looking to make same-day claims payments a reality.

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