article thumbnail

Charles Potts: Innovation trends for 2023

Independent Banker

Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs. Agtech, age tech, payments and financial inclusion are top of mind for ICBA, as well as revenue-generating opportunities for community banks. billion in 2020 revenues.

article thumbnail

Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. So how are retail banks meeting this challenge?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 realities for banks about lending to small businesses

Abrigo

. • Understand and meet the desires of millennial borrowers, who will constitute 75 percent of the workforce by 2025. Battle increased pressure from alternative lenders and fintech, which means the process at banks needs to be fast and competitively priced. Community banks worry they are in a lose-lose situation.

Lending 150
article thumbnail

Banking 2025: The struggle to avoid becoming the ‘dumb utility’

American Banker

In trying to adapt and survive in an increasingly tech-dominated world, banks may unintentionally give up their most valuable commodity — their relationship with the consumer, and the data that comes with it.

Data 62
article thumbnail

Real-Time Payments Have Numerous Real-World Applications

PYMNTS

Earlier this month, payment company PayFi and The Clearing House (TCH) partnered to bring real-time payments technologies to the community banks. percent CAGR between 2018 and 2025. Adoption depends greatly on partnerships to make RTP more accessible. The gig economy’s functionality is tied to real-time payments.

Payments 162
article thumbnail

The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking.

Fintech 194