PYMNTS

JANUARY 27, 2021

We look at everything through the lens of our mission: to support the financial lives of our members and the communities we serve.”. Embarking On A Digital Transformation. The American Bankers Association reported prior to the pandemic that 82 percent of consumers preferred digital banking over banking in a branch.

New Jersey 223

New Jersey Connecticut Fraud System 223

FICO

JANUARY 9, 2019

As advanced analytics permeated nearly every industry in 2018, FICO’s thought leaders continued to push it into new areas. Here were the top 5 posts in the Analytics & Optimization category last year. Advancing the Field of Prescriptive Analytics. The Financial Industry’s Digital Transformation. Read the full pos.

Analytics 40

Analytics Fraud Training Data 40

South State Correspondent

APRIL 3, 2023

While there have always been problems in banks’ asset-liability models (ALM) and liquidity stress test models, the current environment exacerbates this problem. As a result, most banks are overestimating their liability sensitivity and, thus, their deposit value. This reduces the duration of these non-maturity deposits.

social media 195

social media Community Bank Analysis Training 195

PYMNTS

JANUARY 7, 2021

This week's look at the latest in partnerships finds players in the SMB financial services landscape embracing a range of avenues to collaboration — including mergers and acquisitions (M&A) — to connect SMBs to financing, digital banking services and more. Lloyds Pilots Satago Technology.

Strategy 196

Strategy Fintech California Community 196

Gonzobanker

DECEMBER 19, 2022

Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. All of this while knocking out a stellar 1.35% ROA and leading industry, community, and philanthropic efforts everywhere. She was a trailblazer and an early innovator in analytics.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

AUGUST 17, 2022

Digital Engagement Had Great Attendance and Extracurriculars. Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B.

Fintech 184

Fintech Lending Software Compliance 184

Gonzobanker

SEPTEMBER 21, 2023

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. Finastra partnered with Glia for digital customer service. CoreLogic acquired digital mortgage technology provider Roostify. Stripe raised Series I financing.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

APRIL 23, 2020

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. Citizens Bank Of Edmond. Fresno First Bank.

Fresno 142

Fresno Regional Fintech Lending 142

PYMNTS

NOVEMBER 20, 2020

Rousseve explained that advanced technologies such as AI-powered platforms with data analytics features are starting to create more personalized opportunities for CU members. Part of the CU’s mission has also been to reach out to these members to emphasize the safety of its digital offerings. Using AI to Meet Members’ Needs.

Technology 253

Technology Indiana Michigan Tools 253

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Bad things about the banking industry. The Tiny Bank that Did It Award UBank of Texas.

Idaho 172

Idaho Community Industry Strategy 172

American Banker

SEPTEMBER 9, 2016

Overseers of banks' data analytics strategies share their thoughts on what other industries do a good job with data, how banks should approach analytics and how they explain their job to mom and dad.

Analytics 28

Analytics Data Strategy Industry 28

Abrigo

DECEMBER 17, 2021

Digital Banking Report. Executives must center their communication on the vision for the technology and what employees will gain from it. As an executive, consider asking questions like: What analytics and insights are missing in our reports? successfully implemented technology.

Fintech 195

Fintech How To Innovation System 195

Cisco

APRIL 12, 2022

According to PwC’s 2021 Digital Banking Consumer Survey, two in three customers find branches to be meaningful channel to interact with their bank and 35% say that they would not use a bank that doesn’t have a nearby location. Provide analytics with insights into branch activity. Offer connected financial journeys.

America 105

America Customer Experience Operations Survey 105

Gonzobanker

JULY 11, 2019

The digital banking system market is as hot as summer in Atlanta as witnessed by NCR ’s acquisition of D3 Technology last week. Privately held D3 was owned primarily by several of its larger mid-size bank clients the likes of First Tennessee , Arvest , TCF and recently signed Zions Bank. Part of Broader Changes at NCR.

Atlanta 128

Atlanta Digital Banking Analytics Leadership 128

PYMNTS

DECEMBER 15, 2020

A cloud-native approach to digital banking allows credit unions to be able to compete at scale with the largest banks out there” — with speed and without downtime, Scott told PYMNTS. The mega-banks are spending billions [on] the digital experience. An individual community credit union — they can't spend that.”.

Course 186

Course Cards Fraud Mobile 186

Gonzobanker

JULY 6, 2021

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. Maybe this is the new reality for community bankers, but Cornerstone Advisors is seeing little evidence that they’re serious about implementing a comprehensive digital strategy.

Strategy 156

Strategy System Risk Management Technology 156

PYMNTS

JUNE 3, 2020

Here, then, is where data and predictive analytics become critical, where PSCU or other partners provide insight that can help CUs become proactive toward their membership and work on engaging with individuals. With the rise of digital banking, that timeframe has been shortened to five years.

Las Vegas 174

Las Vegas Trends Digital Banking Examples 174

Gonzobanker

JULY 9, 2021

As with SoFI becoming a bank, Square filed for a charter that would essentially make it a bank. Now, if Square can translate streaming business into banking business, it may bode well for further inroads into affinity communities for the fintech. Fifth Third Bank is acquiring healthcare fintech Provide.

Fintech 197

Fintech Lending Community Payments 197

PYMNTS

JULY 1, 2016

Commercial Banking. D3 Banking. B2B startup D3 Banking provides financial institutions and non-banks with technology to strengthen their digital banking strategies for their own individual and corporate customers. Data Analytics. Europe and Asia that followed suit with their own investment rounds.

Lending 101

Lending Analytics Capital Industry 101

PYMNTS

JANUARY 15, 2021

Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. The $10 million recently raised for Indonesia-based BukuKas will help the small business Software-as-a-Service company expand its product offering with an ultimate goal of launching a small business digital bank.

Capital 167

Capital Fintech Operations Technology 167

Gonzobanker

JANUARY 4, 2022

In 2022, community banks and credit unions will have to revisit and overhaul their overdraft policies and strategies. According to Terence Roche, partner at consulting firm Cornerstone Advisors , community-based financial institutions could: “Lower their NSF fee to the $5 to $7 range and market it as a convenience fee.

Trends 188

Trends Fintech social media Strategy 188

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Change Agent of the Year.

Idaho 148

Idaho Conference Data Marketing 148

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

System 195

System Data Examples Payments 195

Gonzobanker

MARCH 9, 2022

While both firms have strong underlying technology and development shops, neither Finxact nor Technisys has the functional requirements to service all consumer and commercial account types for most regional and community banks. Let’s be clear Gonzobankers, these deals are NOT about massive numbers of bank core replacements.

Financial Technology 136

Financial Technology Technology Fintech Community 136

BankInovation

AUGUST 4, 2020

Customer satisfaction with online-only banks seems to have dwindled as a result of the COVID-19 pandemic, according to a recent survey conducted by the Harris Poll. Community banks, credit unions and big banks, meanwhile, seem better poised to retain customers compared to their digitally native counterparts.

Online 96

Online Community Bank Survey Community 96

Gonzobanker

MAY 21, 2019

The following memo outlines my assessment and recommendations concerning our purchase of Acme Bank, a $5 billion institution located in Metropolis, USA. Acme has doubled its size in the past five years with acquisitions of smaller community banks. We have to reshape Acme Bank quickly for the future.

Customer Experience 112

Customer Experience Analytics Management Operations 112

Insights on Business

NOVEMBER 29, 2018

Now, more than ever, banks must be smarter and faster. Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. These measures all rely on data-driven decision-making, which leans on analytics.

Operations 138

Operations Innovation Management Risk Management 138

Abrigo

JANUARY 25, 2022

Change Management Helps Financial Institutions with Digitalization Bank and credit union executives who manage the people side of digital transformation have more success. . Takeaway 1 Financial institution executives seek additional advances in digitalization that have helped them through the pandemic. .

Management 195

Management Software Survey Fintech 195

Gonzobanker

JANUARY 17, 2020

California CCPA), it’s hard to imagine just how far techies will be able to upend the nuts and bolts of the banking industry. Community banks and credit unions do not fear each other. Here’s a great question for community bank executives: What would it take for your local competitors to fear you as much as a Top 5 player?

Customer Experience 126

Customer Experience Fintech Regional Cards 126

Bobsguide

FEBRUARY 22, 2022

The bank was looking for a modern, digital banking solution that would help it transform customer engagement through the delivery of contextual experiences. Furthering the government’s vision of moving operations and infrastructure to the cloud, BDB wanted to host the entire core banking platform on a public cloud.

Innovation 78

Innovation Customer Experience Strategy Operations 78

The Financial Brand

JULY 26, 2021

187-year-old savings bank stakes its future on a scalable combination of a digital-only brand, well-trained people and data analytics. The post A Small Bank Believes Its Digital Brand Will Succeed Where Chase Failed appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Branding 43

Branding Training Analytics Banking Trends 43

American Banker

JULY 8, 2016

Small banks are trying to figure out how to provide the digital services today's customers want while still retaining the human touch that distinguishes them from larger rivals. A small bank in Cincinnati says it has hit on the right formula.

Community 35

Community How To Community Bank Analytics 35

Gonzobanker

MAY 8, 2020

While all banks will be inundated with PPP forgiveness tracking and getting their hands around which loans go bad, keeping some balance sheet momentum will be important. As the large banks announce freezing lending in some sectors, community and mid-size banks should bring more data and common sense to the table.

Lending 104

Lending Analytics Analysis Capital 104

Accenture

MARCH 23, 2017

We’re lucky to have Jason Boud—who is pulling together a strong community in London—with us in the Labs. Although governance, compliance and regulation (GRC) represents around 15-20 percent of run-the-bank costs and 40 percent of change-the-bank costs,[1] in 2015, US$588 million was invested in RegTech[2] versus US$22 billion in Fintech[3].

Regulation 150

Regulation Industry Trends Compliance 150

Accenture

MARCH 23, 2017

We’re lucky to have Jason Boud—who is pulling together a strong community in London—with us in the Labs. Although governance, compliance and regulation (GRC) represents around 15-20 percent of run-the-bank costs and 40 percent of change-the-bank costs,[1] in 2015, US$588 million was invested in RegTech[2] versus US$22 billion in Fintech[3].

Regulation 150

Regulation Industry Trends Compliance 150

Gonzobanker

DECEMBER 17, 2021

Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Eric has always been a student of innovation, and now at Coastal, this fearless leader has spearheaded a number of high-profile banking-as-a-service partnerships. Famous for turning around a bank to create the foundation for powerful U.S. 82% to over 2.3%

Fintech 143

Fintech Strategy Leadership Lending 143

Gonzobanker

JULY 9, 2018

Here’s the reality: for the past 15 years, bankers have spent little time getting gritty on reinventing the customer experience with new technology, and their core vendor partners have delivered half-hearted and mediocre solutions for customer relationship management and analytics. Why is that good news for community banks?

Customer Experience 62

Customer Experience Technology Industry Community Bank 62