Remove Community Bank Remove Innovation Remove Maryland Remove Retail
article thumbnail

Can AI assist in vendor management challenges?

Independent Banker

As community banks grow, their vendor partnerships usually also do, which can lead to challenges with organization, data security and more. To address these issues, some community banks have turned to artificial intelligence. Greg Ohlendorf, First Community Bank and Trust. AI and innovation.

article thumbnail

How to navigate payments trends

Independent Banker

The payments space can be dizzying for even the most enterprising community bank. How do you navigate the constant churn of innovations or disruptors? Banking-as-a-service (BaaS). Central bank digital currency (CBDC). Central bank digital currency (CBDC). Photo by Jorg Greuel/Getty. By Colleen Morrison.

Trends 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Game On

Independent Banker

Schwanhausser suggests that motivating online activities or games that help customers meet savings, investing and other money management goals—or perhaps understand more about banking, entrepreneurship or protecting personal information identity theft—can help build a financial safety net and lend themselves to game technology quite nicely.

article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

In the late 90s, low interest rates made speculative equity investments more attractive than bonds, and at the same time, innovative internet companies grew in popularity among retail investors, professional traders, venture capitalists, and the like (familiar?). Remember K Bank in Maryland? What caused a dot-com bubble?

FDIC 78
article thumbnail

Innovation Conversations: Rockland Trust

Independent Banker

When Rockland Trust synced up with an ICBA ThinkTECH Accelerator grad to launch a virtual digital banking platform, it took relationships between the community bank and its customers to a whole new level. For Rockland Trust, a $20 billion-asset community bank in Rockland, Mass., By Colleen Morrison.

article thumbnail

Efficiency now: 8 smart strategy tips

Independent Banker

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.

Strategy 135