Independent Banker
JULY 31, 2022
Fallout from recent global events presents an obstacle to generating revenue for community banks. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ? But one of the biggest problems in community banking today is a fear of risk.
Abrigo
MAY 8, 2024
But Boston Consulting Group (BCG) says generative AI serves a fundamentally different purpose than predictive AI, which is the powerful tool with which many financial institutions are already familiar. The greatest absolute gains forecast (largely from increased productivity) are tied to corporate and retail banking.
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Independent Banker
DECEMBER 13, 2015
Newfangled mobile capabilities could help community banks stand apart from their competitors. And most of the remaining one-quarter of community banks that the Boston Fed surveyed that didn’t yet offer a mobile banking service had planned to offer these baseline features and functionalities by 2016.
Independent Banker
NOVEMBER 24, 2015
Newfangled mobile capabilities could help community banks stand apart from their competitors. And most of the remaining one-quarter of community banks that the Boston Fed surveyed that didn’t yet offer a mobile banking service had planned to offer these baseline features and functionalities by 2016.
Independent Banker
JANUARY 27, 2016
“It’s becoming more and more important for community banks to emphasize that they have the same products and services as large banks.” Eric Morse, Needham Bank. Mental cobwebs of outdated perceptions can sometimes be hard for a community bank to shake off. Needham Bank. Retail locations: Eight.
Independent Banker
MARCH 15, 2015
Customer contact centers are reshaping retail service for the technology age. Increasingly, more digitally connected consumers are saying yes to that question with their community bank. Some even assume their bank will interact with them however and whenever they want. Bob Meara, retail banking expert.
Jeff For Banks
JANUARY 11, 2014
According to a 2012 Boston College Center for Retirement Research study , 63% of American males (why only males I do not know) participated exclusively in defined contribution (DC) retirement plans in 2007, up from 47% in 1992. Others use very large financial institutions that can only loosely be called banks. Probably not.
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