Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. It’s an important topic that Celent discussed in a report published last year: And Then There Were None: The Disappearance of Community Banks.

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Abrigo

OCTOBER 7, 2014

In a recent survey conducted in partnership by the Federal Reserve and the Conference of State Bank Supervisors ( CSBS ), over 1,000 community bankers weighed in on a range of hot button issues facing their organizations in 2014. One example is the impending transition to an expected loss model as proposed by FASB.

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Trends Capital Community Industry 232

FICO

MARCH 28, 2023

I founded a FICO Women Leaders initiative that uses networking and the power of community to help women succeed as leaders in a highly complex technology firm. FICO has customers worldwide, and I am intent on increasing opportunities for women in technology and financial services. Join us there!

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Leadership Software Community Florida 52

Jeff For Banks

DECEMBER 10, 2023

Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. The bank was founded in 1907 and has operated continuously since 1908 with branches in Durham, Raleigh, Charlotte, Greensboro, and Winston-Salem. Treasury as a Community Development Financial Institution (CDFI). OFG Bancorp (NYSE: OFG) #4.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

PYMNTS

SEPTEMBER 13, 2016

In a press release detailing the survey results, Entrust Datacard noted that instant issuance technologies were first adopted by smaller banks and credit unions almost a decade-and-a-half ago. In one recent case study tied to instant issuance, Entrust Datacard stated that Woodforest National Bank, a community bank operating across 17 U.S.

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Case Study United States Analysis National 100

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. As of 2014, the mobile phone penetration rate in Singapore was 148 percent. Singapore’s GDP was roughly $407 billion in 2015. With an estimated population of just 5.47

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National Training Bitcoin Samsung 133

Bank Innovation

APRIL 7, 2017

The company, acquired by Bankrate in 2014, rolled out its FI-facing app […]. But while major FIs have the resources and tools in place for helping customers manage and monitor credit, smaller players often lack that crucial infrastructure. In comes Wallaby Financial.

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Resources Tools Management Company 207

Jeff For Banks

JULY 5, 2022

And a branch, on average, cost about 1% of deposits in direct operating expenses. And oh by the way, it cost another 1% to support the operating expenses of support functions back at headquarters. Build a positive culture with operating discipline. And what greater meaning can they get than at a community financial institution?

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Millennials Community Pennsylvania Community Bank 78

PYMNTS

JANUARY 15, 2019

15) that it has launched a global initiative, She’s Next, Empowered by Visa, which seeks to support the advancement of women-owned small businesses around the world through shared research, experience and technologies. 30 kickoff in Atlanta will include access to experts from Visa and entrepreneurs operating both nationally and globally.

Atlanta 189

Atlanta New York social media Community 189

Gonzobanker

DECEMBER 22, 2020

And how did community banks and credit unions respond to the COVID craziness? Our clients showed banking at its best – obsessed with customer well-being, good corporate citizenship, and strong community focus. Jill is continually demonstrating just how loud a $300 million community bank can roar! Bravo Brett and team!

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Idaho Community Industry Strategy 170

PYMNTS

SEPTEMBER 28, 2016

The latest data from the group found that Europol’s European Cybercrime Centre launched 131 successful cyberoperations in 2015, which is an increase from just 72 operations in 2014, The Wall Street Journal reported on Wednesday (Sept. The new “Crime-as-a-Service” offering is a growing trend among cybercriminals, Reuters reported.

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Tools Trends Community Report 100

PYMNTS

FEBRUARY 22, 2018

The Wall Street Journal recently reported , for example, that China’s technology industry is looking closely at Southeast Asia, which is now the world’s third-largest region for technology M&A activity by Chinese companies.

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Fintech Regional Resources blockchain 104

PYMNTS

DECEMBER 3, 2019

The magnitude of the market is attractive even to B2C FinTechs, though the industry has quickly understood that B2B problems cannot be addressed with tools and technologies designed for consumer. SatoshiPay , a FinTech based in London and Berlin, launched in 2014 with the intention of solving micro consumer payments friction. “For

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Payments blockchain Tools Meeting 134

Jeff For Banks

DECEMBER 16, 2022

Communities First Financial Corporation (OTCQX: CFST) Communities First Financial Corporation is the bank holding company for Fresno First Bank , which opened in December 2005 dedicated to meeting the banking needs of businesses, professionals, and successful individuals in Central California. Triumph Bancorp, Inc. Nasdaq: TBK) #4.

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Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

NOVEMBER 13, 2014

Once upon a time, community banks were more than happy to leave the chore of choosing technical devices and running networks to their chief technology officers. At the same time, budgetary and critical technology decisions are increasingly being made outside the traditional IT department. A 2014 study by MobileIron Inc.,

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Study Community Bank Community Survey 70

Jeff For Banks

NOVEMBER 9, 2018

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." And yesterday the Wall Street Journal reported that the OCC notified Wells that "the bank also has failed or isn't expected to meet deadlines on around two dozen technology-focused OCC regulatory warnings. Superior technology?

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New Jersey Compliance Community Meeting 60

PYMNTS

FEBRUARY 16, 2017

AP: For more than a decade, we have upheld a tradition of creating fine bridal jewelry that is eco-conscious, conflict-free and affordable for the consumer troubled by the environmental ramifications of mining and the history of violence in native diamond communities. PYMNTS: How has the company disrupted or changed the diamond industry?

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Portland Community Branding Retail 101

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. For many community banks, telephone calls still generate the highest volumes of customer service interactions. By Phil Britt. New expectations.

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Community Bank Community Operations Retail 70

Independent Banker

OCTOBER 29, 2014

Large banks and nonbanks, merchants and technology companies are pressing to solidify their inroads into the financial transaction business. Research and everyday observation show how consumers are increasingly using mobile technologies. It’s become a familiar story, usually with a new splash. Ed Bachelder, payments consultant.

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Mobile Community Bank Community Technology 105

CFPB Monitor

FEBRUARY 13, 2017

However, like the FTC’s letters on its 2014 and 2015 ECOA activities, the letter on 2016 activities does not describe any 2016 FTC ECOA enforcement activity and only contains information about the FTC’s research and policy development efforts and educational initiatives. Report on fraud in African American and Latino communities.

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Report Big Data Lending Survey 68

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. In 2004 Iran admitted that it had been steadily increasing its capability to enrich uranium through purchases of centrifuge technology from a foreign intermediary. Stay up-to-date on the latest FinCEN priorities.

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National Training United States Regulation 195

NCR

OCTOBER 28, 2016

In fact, student debt for undergraduates in the class of 2014 reached an average of $28,950 , up 2% from the previous year, and the number is undoubtedly higher for the majority of students in fields such as law and medicine. Student loans naturally play a prominent role in this operation, with a promise of low rates from community lenders.

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Community Bank San Francisco Community National 40

NCR

OCTOBER 7, 2016

In fact, student debt for undergraduates in the class of 2014 reached an average of $28,950 , up 2% from the previous year, and the number is undoubtedly higher for the majority of students in fields such as law and medicine. Student loans naturally play a prominent role in this operation, with a promise of low rates from community lenders.

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Community Bank San Francisco Community National 40

Independent Banker

AUGUST 26, 2015

With the prevalence and importance of Internet-enabled devices increasing nearly everywhere, community banks should remember to expand the scope of their security policies and network monitoring to cover their hardware, according to computer security experts. which specializes in serving community banks. By Collin Canright.

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ATM Security System Community Bank 70

PYMNTS

JUNE 17, 2016

It has lost more than 80 percent of its market cap since its late December 2014 IPO. On January 21, 2014 Marc Andreessen explained , “why bitcoin has so many Silicon Valley programmers and entrepreneurs lathered up” and compared it to the “Internet in 1993.” This is a classic “technology-in-search-a problem” failure.

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Bitcoin Lending blockchain Fintech 100

Jeff For Banks

DECEMBER 29, 2020

It has been an industry darling due to its dedication to technology experimentation. It was the brain child for the nCino platform, which it formed in 2012 and spun off in 2014. This puts its price to tangible book ratio slightly north of 2x, high by traditional community bank standards today. Well done! #4.

North Carolina 147

North Carolina Capital Community Bank Wisconsin 147

PYMNTS

SEPTEMBER 9, 2016

Despite some recent hits to the country’s economy, the startup community shows no sign of stopping, and it’s clear that global investors are taking notice. The tech mogul praised the work being done with mobile money to build businesses and help communities throughout the continent. Mobile Money Push.

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Software Training Mobile Community 100

FICO

JUNE 25, 2020

However, the advanced approaches and technologies used by these top companies did mean they knew how to pivot and address the situation the best they possibly could. That work showed that it isn’t necessarily the most obvious, complex, or expensive components of your supply chain that test your ability to continue operating.

Strategy 52

Strategy Operations Analytics US 52

PYMNTS

APRIL 12, 2017

So in 2014, we did a test by putting out a MVP (minimum viable product) and it really exceeded our expectations. We are what is called a ‘full stack’ solution, meaning we own and operate the vehicles and equipment and we employee the technicians. I have an eCommerce background and had my first Uber experience in 2011.

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Groups Millennials Mobile Customer Experience 131

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. It has been an industry darling due to its dedication to technology experimentation. (Nasdaq: MCBS) MetroCity Bankshares, Inc., But here I go.

Capital 78

Capital Texas Metro North Carolina 78

PYMNTS

NOVEMBER 16, 2016

At the end of 2014, the average U.S. These retailers are already operating on relatively thin margins, said Webster. Upward and onward seems like a hopeful phrase, doesn’t it? Unless it’s fraud you are talking about. household held five mobile devices, while, at the start of 2016, that number has increased to about 13.

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Fraud Retail Online Data 100

NCR

FEBRUARY 16, 2016

There’s nothing more suitable for technology disruption than traditional small business banking. And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. And 77 percent of them said that technology makes them feel “more in control.”.

Millennials 40

Millennials Study Retail Community Bank 40

Vitalik Buterin

NOVEMBER 22, 2019

In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity. In this post, I'll go through the 16 problems from 2014 one by one, and see just where we are today on each one.

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cryptocurrency blockchain System Maine 143

PYMNTS

OCTOBER 14, 2016

But Takach is confident that the law will catch up with technological innovation. Takach’s point is that different states and countries will have a different reaction to disruptive technologies, and a rushed and ill-thought-out policy could be counterproductive. There is also a bitcoin vending machine that first appeared in 2014.

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Bitcoin Conference New Hampshire blockchain 100

Gonzobanker

MAY 8, 2015

The lending attack on community banks and credit unions has been waged. Outside of some stout representation from the likes of Citibank and CapitalOne, there was only one credit union and one community bank in attendance. I’ll repeat that: one credit union and one community bank. THE PLAYERS. Consumer Lending.

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Conference Lending Community Bank Community 60

Long Lasting Ideas

JANUARY 5, 2015

And at a micro level, how do community banks reach a generation overwhelmed with debt that inhibits wealth? A recent article in the Wall Street Journal states that the average Class of 2014 graduate with student-loan debt has to pay back some $33,000. This is the most indebted class ever. My son did the same with no plans to return.

Marketing 40

Marketing Millennials Community Bank social media 40

Banking 2020

NOVEMBER 30, 2015

Banking institutions must engage with emerging financial technology (FinTech) companies or risk being left behind by an industry that is currently undergoing one of the largest transformations ever seen. Total investment in such ventures reached $12 billion in 2014, triple the previous year’s figure.

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Fintech Innovation Industry Meeting 40