Independent Banker

FEBRUARY 24, 2016

How millennials will accelerate innovation and technology change. You recognize one of today’s most prominent technology dilemmas for community banks: It’s the great mobile divide. Millennials, who will make up half the U.S. Millennials, who will make up half the U.S. By Paul Schaus. that processed $1.3

Mobile 70

Mobile Millennials Community Bank Community 70

Independent Banker

AUGUST 9, 2016

According to the 2015 Colloquy Customer Loyalty Census, the average American household maintains memberships in 29 loyalty programs (1). Banking customers are no different. Banking customers are no different. Statistics are especially compelling for those trying to attract and maintain the millennial segment.

Community 70

Community Millennials Community Bank America 70

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

NCR

MAY 9, 2017

Most community banks and credit unions have only one app, their banking transaction app. Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

Fintech Labs Insights

SEPTEMBER 1, 2015

To whet your appetite for two days of fintech innovation, we’re releasing the full and final lineup of presenting companies for FinovateFall 2015. Buzz Points partners with community banks and credit unions to reward consumers for buying local and banking local. Blockstack.io The post Fall In!

Company 12

Company Software Analytics Mobile 12

Jeff For Banks

MAY 31, 2017

In Brett King's 2012 book, Branch Today, Gone Tomorrow , he called for a 50% reduction in branches while asking what would banking look like in 2015. Between 2012 and 2015, there was a 4% branch reduction. The decline between 2015 and 2016 was 1.5%. The red: millennials. The green bar was all respondents.

Branch Strategies 60

Branch Strategies DC Groups Fintech 60

Jeff For Banks

JANUARY 26, 2017

Will millennials come to your financial institution once they've acquired the investable assets to make your Trust Department interested? Community banks must think so, because I don't hear many strategies centered on helping customers build wealth from early to late. Got $500,000 in investable assets?

Management 60

Management Strategy Meeting Millennials 60

Jeff For Banks

DECEMBER 1, 2015

This highlights an important banking concept: revenues are mostly driven off of balances, not activity. Malls are experiencing difficulty in the United States, as millennials opt for smaller, urban environments to shop. Since 2006, community banks have recognized the need for greater balances in branches to improve profitability.

Pennsylvania 60

Pennsylvania Community Bank Community Taxes 60

Fintech Labs Insights

DECEMBER 2, 2015

.” Formerly known as Smarty Pig, Social Money helps financial services companies better engage their customers by offering them savings solutions such as GoalSaver , a customized, bank-audited goal-saving system. The Social Money acquisition is the second for Q2 in 2015.

Iowa 12

Iowa Austin Millennials Community Bank 12

Tech and Finance

JULY 13, 2016

“The inability for the majority of regional and mid-sized banks to keep pace with investment in digital technology became more apparent in the most recent survey, with online, mobile and ATM satisfaction levels all being below 2015 levels,” according to Marous. The big banks’ advantage in technology is not new.

Regional 28

Regional Mobile Millennials Study 28

Banking 2020

OCTOBER 30, 2015

A new study from Business Insider’s BI Intelligence graphically illustrates the erosion in branch banking services. Focusing specifically on that evolving demographic known as millennials, the survey of 1,500 respondents aged 18-34 reveals that nearly three-quarters visit a branch once a month or less.

Community 40

Community United States Survey Millennials 40

William Mills

MAY 11, 2016

In 2015, 70% of customers preferred to open bank accounts through mobile channels. Fiserv is meeting that need for FIs and millennials. Demo: In Instagram – Example dude sees an ad for sunglasses from a bank called Genius. Uber delivering the sunglasses that you got for free for opening a bank account?

Video 40

Video Mobile social media Analytics 40

Gonzobanker

JUNE 3, 2015

Gonzonians, one of the realities of banking in 2015 is that there’s just a lot more to know than there used to be. Bottom line: It is important to know what banking preferences millennials have, and we do all seem to obsess about it. ” — Oscar Wilde. We very seldom, if ever, see that report. Twenty-five percent!

Management 60

Management Examples Lending Conference 60

Fintech Labs Insights

JULY 22, 2015

Fidor Bank introduced community banking five years ago. Now it is the first bank to offer open RESTful APIs with OAuth2.0, Learn how to leverage the Linqto Application Programming Components to build a video communication piece into your web and mobile solutions. It embraced Bitcoin and Ripple two years ago.

San Francisco 12

San Francisco Video Fintech Data 12