It’s been 12 years since the world was introduced to the technology that launched cryptocurrencies like Bitcoin. The revolution was here! Once a mere curiosity, this tech has gotten a breakout session or two at banker conventions ever since it hit the scene. Its insistence for attention has persisted, and has never been more warranted than right now. Blockchain is on the verge of doing much shaking. [Continue]
First Merchants, Muncie, Ind., reported income of $33 million for the second quarter compared to $41.1 million during the same period last year. [Continue]
Landmark National Bank in Manhattan, Kan., posted a record $5.1 million earned in the second quarter, compared to $2.1 million the same period last year, based largely on the influx of PPP loans. [Continue]
Southern Michigan Bancorp, Coldwater, which operates three slightly different “Southern Michigan Bank” brands, earned $1.8 million in the second quarter. [Continue]
Fintel Connect is a Vancouver-based digital marketing firm that works with U.S. banks. Nicky Senyard, founder and CEO, talked with BankBeat about how the pandemic has forced banks to find new ways to reach customers. [Continue]
Investigating claims of transaction errors or fraudulent activity is time consuming and expensive. Finscend, a 2020 ICBA ThinkTech accelerator participant, is applying artificial intelligence to the problem. Aaron Lazor, Finscend CEO and co-founder, explains. [Continue]
Holding remote meetings out of sudden necessity created headaches for banks of all types and sizes. For any bank obligated to conduct annual general meetings, the popular remote meeting platforms don’t cut it. Enter Lumi, a United Kingdom-based tech company helping U.S. companies regain their meeting mojo. [Continue]
In the mad rush to make workplaces remote, not to mention daily life, most of us fumbled our way through learning how to Zoom. Or, we quickly learned Google Meet or GoToMeeting. All of these platforms offer essentially the same service. But are they secure enough for bankers to discuss sensitive topics like home mortgages and wealth management with their customers? [Continue]
Clear Capital is a Reno, Nev.-based real estate valuation and analytics technology company that has served mortgage lenders since 2001. BankBeat spoke to Kenon Chen, executive vice president of corporate strategy, about what valuation analytics look like in a changing marketplace. [Continue]
Engage People is a fintech startup providing rewards programs that link together customers, small businesses and banks. Len Covello, chief technology officer of the global technology provider, explains how reaching people with technology changes during and after the events currently shaking the world. [Continue]