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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

How can community financial institutions thrive in 2021? Community banks provide unique and important banking services for their customers, but they also face significant obstacles. Takeaway 1 Community banks play an important role in the economy and their communities, but they face significant obstacles.

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INV Fintech Revamps Site and Launches New Community, INV Edge

Bank Innovation

INV Fintech, this site’s sister accelerator, announced today a comprehensive rebrand and the launch of an online community. INV’s brand has been completely reimagined with a new logo, color scheme, and website layout that realigns the brand with its profound passion for innovation.

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Black Swans Are The Sandbox Of New Innovations

PYMNTS

Jim McCarthy, i2c president, says disasters often breed innovation. Telecommuting, online education and moving to a cashless and virtual financial system will likely become the norm,” he told PYMNTS. This most recent black swan is proving that online financial services are a lifeline service.”. But the lesson is to not despair.

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Why community banks should partner with fintechs

Independent Banker

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

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Market your community bank with first-party data

Independent Banker

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. We can take that data and we can reach that person online,” Catalano says. “If

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Online Toothbrush Subscriptions And The Power Of Community

PYMNTS

With the help of subscriptions and expert knowledge from the dental community, eCommerce innovators are disrupting the dental care space. However, the company opted not to include all the possible bells and whistles: For instance, it didn’t add Bluetooth functionality, as Khayat said the dental community didn’t see the value in it.

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These 12 Startups Are Competing in the Demo Contest at Bank Innovation Ignite

Bank Innovation

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Community Capital Technologies, Denizen Financial, Diro Inc., The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI