Establishing multiple banking relationships most likely effect for Iowa startups Leaders in Iowa’s startup community say the failures of Silicon Valley Bank and Signature Bank over the weekend were isolated incidents, but they are likely to affect how Iowa startups and investors approach and evaluate banking relationships. Next Level Ventures,…
Kansas City-based Commerce Bank announced it has launched a real-time payments system aimed at enabling property-casualty insurers to provide faster, more convenient claims payments. The new product, CommercePayments PreferPay, provides customers, claimants and service providers with multiple claims payment options including ACH, check or direct-to-debit card via Visa Direct. Commerce…
Only 4% of bank business and IT executives believe that the impact of technology on the pace of banking change has stayed the same over the past three years, while 96% said it has either significantly accelerated or accelerated, according to a new report from Accenture. This technological disruption has a…
We think we know what’s at stake when banks prioritize digitization over maintaining local bank branches, but there may be more to it than previously thought. A study recently published by the Harvard Business Review found that when fewer local bank branches are available to support entrepreneurial financing, women entrepreneurs…