Banking, News Updates, Tech

Lead Bank earns Website of the Year accolades

About 30,000 votes determined 13 winners for excellence in website, digital experience, creativity, design, user experience and functionality — among them is Kansas City’s Lead Bank. The award comes as part of Progress‘ Sitefinity 2019 Website of the Year Awards. Winners were selected based on the highest number of votes received during the public voting process. This year, 39 websites developed using Progress Sitefinity were nominated across 13 categories, and Lead…

Banking, Finance, Money, Tech

Fintech in focus: Kansas City advances innovation in banking

Within the past couple of years, innovations under the blanket moniker “fintech” have taken international banking and technology industries by storm — and Kansas City is no exception. But, many ask, what exactly is it? The term “fintech” originated as an abbreviation for “financial technology” and encompasses a wide berth of processes, including payment exchange systems like PayPal and Venmo, artificial intelligence and any tech related to digital, online or…

Banking, Money

Report reveals roadblocks for veteran entrepreneurs

Veteran-owned small businesses face more financing challenges compared with nonveterans. “Financing Their Future: Veteran Entrepreneurs and Capital Access” was created by the Federal Reserve Bank of New York and the U.S. Small Business Administration. Among the report’s findings: Despite similar demand for financing, veteran-owned small business applicants were more likely than non-veteran-owned small business applicants to experience “financing shortfalls,” where they received less than the amount of credit they sought….

Banking, Money

SBA lending increases in fiscal year 2018

The U.S. Small Business Administration Kansas City District Office saw increases in small business lending in the fiscal year that ended Sept. 30. The SBA Kansas City District Office oversaw $363 million in SBA loans for fiscal year 2018, a 10 percent increase in lending over the previous year. U.S. Bank made 69 SBA loans, more than any other lender. OakStar Bank loaned the greatest dollar volume at $38 million….