Independent Banker

NOVEMBER 30, 2022

Across the world, people are using super apps to send messages, purchase tickets and, of course, bank online. What are they, and how can community banks stay on top of this trend? Community bank considerations. So, what does this intersection of regulation and technology competition mean for community banks?

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PYMNTS

SEPTEMBER 30, 2020

Morgan Chase, Bank of America, etc. — and the digital challenger banks. By contrast, he said he believes community banks run the risk of being left behind unless they partner quickly and wisely with the right technologists and raise their digital game. He said banks must do three key things to make that happen.

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Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. Is the premise that doing "plain vanilla" banking acceptable? So will continuing to operate "as is" work infinitum? Take Apple, Inc., I hear and read this often.

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PYMNTS

NOVEMBER 18, 2019

Also, Apple criticized the vote of German lawmakers to pass new legislation that would make it open up its mobile payment system to rival providers. recorded its fourth bank failure this year. It didn’t name Apple or Apple Pay specifically, but it impacts all digital payment operators. And the U.S.

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Bank Innovation

FEBRUARY 11, 2019

Cambr, a cloud-based platform powered by investment firm StoneCastle and digital banking software provider Q2 Holdings, is helping neo-banks and fintechs launch and scale up through a network of 850 community banks.

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American Banker

JULY 14, 2023

The New Jersey institution has hired Jeanne Scungio, a veteran banker who ran First Republic Bank's New York operations, to oversee its expansion into the Big Apple.

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PYMNTS

OCTOBER 17, 2017

Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

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PYMNTS

JANUARY 15, 2021

A lot of banks are still in a learning mode … I don't think that every bank – from community banks all the way up to bulge bracket banks – are going to dive in and suddenly launch stablecoins,” Allaire said. Still In Learning Mode . “A

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Independent Banker

OCTOBER 29, 2014

The latest twists came in September, when one of the biggest technology and payments events of the year featured the announcement of Apple Inc.’s s entry into the payments business with Apple Pay. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

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Independent Banker

FEBRUARY 24, 2016

Now that many community banks have issued credit and debit cards with anti-skimming smart chips, the industry is returning to an earlier focus on another card security measure: tokenization. Each token created is associated only with one device, such as Apple Pay. By Elizabeth Judd and Tim Cook. Liang Han, ICBA Bancard.

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Gonzobanker

DECEMBER 14, 2023

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. billion for the company a few years earlier.

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Gonzobanker

JANUARY 17, 2020

In the soon to be released What’s Going On In Banking study, Cornerstone ’s Ron Shevlin shows that both bank and credit union execs are most fearful of big tech (Amazon Prime, Venmo, Apple Card) primarily because of their great data reach and ability to drive customer experience.

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Jeff For Banks

MARCH 3, 2018

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? They can be a strategic shift of your franchise, a new product line, or a new operating environment. In the above blog post, I discussed Apple and Bank of New York Mellon. The iPhone represents 62% of Apple sales. A 26% decline.

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Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. billion-asset, 85-branch community bank based in Rockland, Mass., is not typical.

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South State Correspondent

OCTOBER 25, 2023

However, volume has steadily declined as Venmo gained more traction by 2013, combined with real-time payments, Apple Pay, Google Wallet, and Zelle after 2017. Checks will become too costly for the household, business, and bank to process. Over the last ten years, from 2012 to 2022, checks by volume have declined some 57%.

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Abrigo

MAY 5, 2022

Weeding through banking podcasts to find gems. million podcasts in the world, you might find it daunting to weed through the lists on Apple Podcasts, Spotify, Google, or other platforms to find the best banking podcasts. Regular, Timely Episodes. Indeed, with 2.8

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PYMNTS

MARCH 18, 2019

And finally, that the banks and the card networks are the big losers. Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. This new window – which will allow banks to submit requests for SDA until 4:45 p.m.

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Abrigo

JANUARY 18, 2017

As anyone advising business owners knows, clients are often so busy with day-to-day operations and management that they find it tough to gain a big-picture view of certain financial aspects, such as cash flow. Other digital payment options : Amazon Payments, PayPal, Apple Pay.

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NCR

JUNE 30, 2016

We recently spoke with Lyan Fernandez, EVP and Chief Operating & Risk Officer at TotalBank , to discuss how they’re leading the way and working to keep their customers’ financial information secure. The app is uniquely available on Apple Watch as well as all smartphones. First off, can you tell us a bit about TotalBank?

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PYMNTS

JULY 3, 2017

The purpose of Capitol Hill Day is to provide updates and continued education to Congressional representatives and staff regarding the ACH Network, payments, and operating rules. The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function. API Standardization.

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Independent Banker

JANUARY 26, 2016

Cheering on business startups is about as American as apple pie, and with good reason. Of course, community banks are the primary economic engines behind small businesses on Main Street America, funding more than 60 percent of all small-business lending. This is a mindset shift for communities. By Judith Sears.

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Gonzobanker

DECEMBER 19, 2022

Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) with a rare bi-partisan move showing that pinch-your-banker-and-hug-your-merchant is apparently as wholesome America as apple pie. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey.

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PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. Community banks and credit unions also offered their backing. Real-time payment systems are quickly cropping up across the globe. billion in 2018 to $26.9

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PYMNTS

NOVEMBER 13, 2019

” There’s also a “lack of trust” between the market’s top banks and the thousands of smaller credit unions and community banks. . “That’s very different than other markets like the U.K., Canada, etc.”

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Long Lasting Ideas

JANUARY 5, 2015

As the years passed a kid who opened a savings account at 10 opened a checking account or a student loan at the same bank before heading off to college at 18. In the age of Apple Pay, Google Wallet, and online banking, the old assumptions are shattered. Be the first banker in town to endorse and introduce Apple Pay.

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Jeff For Banks

MARCH 27, 2019

And in our discussion, he mentioned how great brands tend to drive more value than firms operating in the same industry. The best brand, Apple, was valued at $182.8 Because as Tim said in our podcast, a great brand will mobilize a community bank's greatest asset, its people. Get all employees on the same page.

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Gonzobanker

DECEMBER 22, 2014

Bank Acquisition of the Year - BB&T Corp. Nice community bank culture fit between the two as well. Bank Merger of the Year – California United Bank and 1 st Enterprise Bank in Los Angeles. The Technology Company that Caused the Most Project Heartache in Bank I.T. Then again, maybe not ….

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Gonzobanker

DECEMBER 20, 2019

. ————————————————————————— The ‘En Vogue’ Trend of the Year – Credit unions buying community banks. Well done, sir! It’s game on.

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NCR

FEBRUARY 16, 2016

Study after study shows they expect innovative financial solutions to come from tech startups and leading tech companies like Google, Apple and others, rather than financial institutions themselves. In fact, Millennials don’t think very highly of the banking industry as a whole and many of them don’t believe they even need a bank!

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Lex Sokolin

NOVEMBER 18, 2020

To create a new financial advisory practice when there are 10,000 RIAs, or to launch a community bank when there are 5,000 community banks is less difficult than to force into being a category of digital lenders, roboadvisors, and neobanks. You can call this “vision” if you like. Maybe play some sports.

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NCR

OCTOBER 23, 2017

In his Bloomberg interview, Mr. Jenkins noted that presently, the retail banking sector is in the middle of what he described as an “Uber moment”, where established ways of operating are being disrupted and transformed by new technology, such as smartphones and contactless payments. Avoiding obsolescence.

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Gonzobanker

DECEMBER 17, 2021

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. You tell us.

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William Mills

MAY 11, 2016

Diana Chin (HR & Operations). Demoing first with apple watch. Is this the first time we have seen an apple watch as apart of a demo today? This is an extension of business services, powered by a local community bank. A mobile wallet powered by a local bank, built on the Malauzai platform. This is great.

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