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Federal Reserve Board Announces Members of its Community Depository Institutions Advisory Council for 2019

Shari Laven - CEO of Viking Bank & newly appointed member of the Federal Reserve national council - on Friday announced the members of its Community Depository Institutions Advisory Council ....

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Community bank, loan marketplace pilot transaction-based underwriting

Texas National Bank in Mercedes, Texas, is testing how alternative data can improve the speed and accuracy with which it lends to its small-business customers. ....

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OCC Hosts Minority Depository Institutions Advisory Committee Meeting April 25 and Appoints Four New Members

OCC Hosts Minority Depository Institutions Advisory Committee Meeting April 25 and Appoints Four New Members
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Innovation reflects immigration at Texas National Bank

The minority depository institution largely caters to Mexicans in the U.S. Their trust in smartphones and distrust of traditional banking has influenced its approach to developing digital tools. ....

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The tech challenges — and solutions — facing minority banks

Minority depository institutions have limited budgets and staff to upgrade their technology. Some are turning to secondment programs and like-minded fintechs to solve these problems. ....

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