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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. Greg Ohlendorf, First Community Bank and Trust. Photo by MirageC/Getty Images.

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Customer to Community Banker

Independent Banker

“For Ron, giving back to the community is part of the essence of who he is. With vigor and a strong commitment to service, Ron Paul leads a rapidly growing community bank in Maryland. Bank assets: $5 billion. Retail outlets: 22. He became an enthusiastic advocate of relationship-based banking.

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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. ? How can they counteract these effects and maximize financial efficiency?

Strategy 135
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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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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.

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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.

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