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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. This article breaks down how you can use the ERC Assist product to generate deposits in an innovative way. The ERC filing deadline is October 2024.

Taxes 195
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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

At a time of increased consumer use and acceptance of the new COVID-era digital lifestyle, the pressure is mounting on large, legacy lenders to accelerate their innovations – or become obsolete. 5), J.P.Morgan CEO Jamie Dimon said banks that don’t adapt in how they deal with customers will go the way of the dinosaurs.

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Podcast: How flexible is your core? A new tool to help assess

ABA Community Banking

On the latest episode of the ABA Banking Journal Podcast, Kristiane Koontz discusses ABA's recent work on core resilience and competition, as well as the Core Platforms Committee's plans for 2024. A new tool to help assess appeared first on ABA Banking Journal. The post Podcast: How flexible is your core?

Tools 69
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CEO Roundtable: Ideas for a successful 2023

Independent Banker

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. Koger Propst.

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36 Hours at Fintech Meetup: Three Themes from the Las Vegas Event

Gonzobanker

The dealer’s bot accepted an offer of $1 for a 2024 Chevy Tahoe. Two AI tools in the wild: Bankwell , a Connecticut bank, is piloting an AI tool to help small business owners apply for loans at whatever time works for their busy schedules. Beanstox Chairman Kevin O’Leary said it was looking for a bank partner at the conference.

Las Vegas 147
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Bank IT Spending – Use These Metrics to Improve Performance

South State Correspondent

We recently conducted a small sample poll, and out of 21 banks, budgets were down an average of 14% for this year. In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. Usually, a bank spends about 8% of its revenue on IT.

Capital 195
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S. Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. A majority of applicants sought less than $100,000.

Lending 195