Introducing Centime Banking: Business Banking Reimagined [Yahoo! Finance]
FIRST NATL OF NEB INC (FINN)
NASDAQ:AMEX Investor Relations:
fnni.com/fn/html/en/investor_relations/investor_relations.html
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Source: Yahoo! Finance
BOSTON March 20, 2024 /PRNewswire/ -- Centime , a Boston -based fintech that offers comprehensive cash management and banking solutions to small- to midsize-businesses (SMBs), today announced the launch of a new banking product in partnership with FNBO (First National Bank of Omaha ) aimed at helping businesses take control of their cash, protect their deposits, and maximize their return. In the months following the collapse of Silicon Valley Bank and other banks, Centime conducted a survey of CFOs to learn more about the challenges that SMBs face when it comes to managing their cash and protecting their funds. The survey found that 95% of SMBs have cash at risk above the FDIC limit, and three out of four CFOs were considering diversifying their deposits to mitigate the risk of bank failure. But the majority also expressed concerns with the inconvenience of diversifying their deposits and reconciling across multiple accounts. "In the wake of SVB, we've seen a groundswell of CFOs
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