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The community bank guide to FedNow resources

Independent Banker

As community banks navigate this process, there are plenty of resources available to answer questions and provide guidance. Three sources of information on FedNow As community banks look to take advantage of this new opportunity, they seek resources to help them navigate the journey.

Resources 115
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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. based cybersecurity technology firm. Greg Ohlendorf, First Community Bank and Trust.

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How to navigate payments trends

Independent Banker

The payments space can be dizzying for even the most enterprising community bank. Banking-as-a-service (BaaS). Central bank digital currency (CBDC). Central bank digital currency (CBDC). For example, enabled by application programming interfaces (APIs), many community banks are embracing fintech solutions.

Trends 91
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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
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How to respond to buy now, pay later

Independent Banker

Here’s what community banks need to know about these products and how they can take advantage of this model. BNPL: The community bank play. Those drawbacks present opportunities for community banks to emphasize their roles as trusted financial partners. Colleen Morriso n is a writer in Maryland.

How To 91
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Game On

Independent Banker

These technology companies have figured out ways to make activities that are not particularly glamorous into virtual games, where measuring progress can be a sport in and of itself. Although examples of gamification are still rare in financial services, signs indicate that banks are becoming hip to the concept and its potential.

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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? They will not be my bank for long.

FDIC 78