Gonzobanker

JUNE 13, 2018

has introduced legislation that would essentially turn our nation’s 36,000 post offices into quasi-banks to squash payday lenders and provide more affordable financial services to the unbanked and underbanked along the way. Where Gillibrand loses me is with the USPS taking deposits and mimicking bank branches.

Lending 68

Lending Industry Study Strategy 68

Gonzobanker

MAY 14, 2018

In the spirit of FBForum’s coffee-fueled 7X7 sessions, my delivery to you, GonzoBankers, are seven takeaways in an article you can read in less than seven minutes. At least one mid-size bank showed up with its entire exec leadership team AND board of directors. And where in the heck was Microsoft ? Everybody’s in The Game.

Branding 127

Branding Industry Apple Marketing 127

Gonzobanker

MAY 31, 2019

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” In a recent American Banker. While online lenders Kabbage and OnDeck lent $2 billion and $2.5 Source: DeBanked ).

Lending 136

Lending Community Bank Community Data 136

PYMNTS

JANUARY 15, 2018

s banking system. The “finally here” is the debut of Open Banking as part of PSD2, which of course extends across the 28-member EU. Here is a landscape where banking is dominated by a few marquee names – think Barclays, Royal Bank of Scotland and HSBC , among them. The monolith is the U.K.’s In the U.K.,

CA 112

CA Bitcoin Data Security 112

Jeff For Banks

JUNE 22, 2015

Chris Cox, the head of Regions Bank eBusiness unit, was quoted in Bank Technology News on how personal financial management (PFM) tools will soon be part of a customer's everyday interaction with their bank once they login. First, the likely adopters of bank technology tools are probably younger customers.

Tools 60

Tools Branding Training Apple 60

Long Lasting Ideas

JANUARY 5, 2015

A generation ago, bankers could count on young people –piggy banks in hand — riding their parents’ coattails to the neighborhood branch. 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.

Marketing 40

Marketing Millennials Community Bank social media 40

MyBankTracker

FEBRUARY 23, 2021

Mobile-focused banks or financial services companies are changing the traditional banking model. Instead of heading to a branch, they let you manage your money completely online. Chime is one of the popular companies you might consider for a non-traditional bank account. And it gets even better.

ATM 52

ATM Cards Mobile Online 52

Gonzobanker

DECEMBER 19, 2017

One word can summarize this action-packed banking year, GonzoBankers – tiring. THE BANKING AWARDS. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. GonzoBanker of the Year – Large Banks. This year brought us: Mergers out the yin-yang. Payments chaos.

Conference 101

Conference Industry Community Bank Community 101

South State Correspondent

APRIL 24, 2023

Just when you were getting your bank’s head around how you will operationalize ChatGPT (our breakdown HERE ), AutoGPT, an application built on top of ChatGPT, gets released and takes the technology to a new level. Instead of automation, banks can now have intelligent automation. Every bank needs to raise deposits.

social media 195

social media Data Marketing Technology 195

South State Correspondent

SEPTEMBER 7, 2022

In the olden days, if you wanted to market deposits, the head of Retail would come to Marketing and say something like – “We need to raise deposits.” This article gives a live example and playbook of what is fast becoming the standard process in modern bank deposit marketing.

Marketing 195

Marketing Data Groups Analysis 195

Gonzobanker

FEBRUARY 18, 2015

I think ever since GonzoBanker’s mother ship, Cornerstone Advisors , was founded over 13 years ago, Bank Director has hosted its “Acquire or Be Acquired” conference (or, as all the regulars call it, “AOBA”) in our back yard here in sunny Scottsdale or Phoenix, Ariz. Where’s Waldo? Spoiler Alert: All the attendees are in on the game.

Conference 60

Conference Community Phoenix Arizona 60

Jessica Ellerm

MAY 5, 2016

This has led banking away from a deeply relationship based approach to one that embraces a much more efficient model-based methodology, where credit is offered based on credit scores, cash flow, security and stability. The British Business Bank. From relationships to algorithms. Did you enjoy reading this post?

Lending 40

Lending Security Course Millennials 40

Gonzobanker

DECEMBER 20, 2019

THE BANKING AWARDS. Charles Scharf, CEO, Wells Fargo – We have to give a nod to the individual tapped to restore the reputation and culture of such a legendary bank. Bank Lifetime Achievement Awards. Naude is a coder by background with an infectious passion for what technology can do for the banking industry. annual list.

Idaho 148

Idaho Conference Data Marketing 148

Jeff For Banks

FEBRUARY 21, 2015

Another day, another convoluted organizational structure that includes “small business bankers” that are dispersed into the branch network to shore up branch capabilities. Why add a protective wrap of additional employees around your branches? I rarely see a “busy” branch. The bank security officer set me straight.

Training 60

Training Strategy Branch Strategies Management 60

Gonzobanker

NOVEMBER 18, 2014

With a focus on digital banking and branch transformation, it was interesting to see the attendee list with lots of sexy new customer experience and analytics titles. Banking is so vital and important but bankers have done the worst job of anyone at justifying their existence.”. General Sessions. Well, lah-dee-frickin’-dah!

Chicago 98

Chicago Retail Branch Design Training 98

CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

Gonzobanker

DECEMBER 22, 2015

THE BANKING AWARDS. It’s hard for any banker to avoid gulping at the sheer long-term performance of George Gleason II and his team at the Bank of the Ozarks. Check out Gleason’s stock performance vs. Wells (WFC), Chase (JPM) and Bank of America (BAC) over the past five years. Jill Castilla, CEO of Citizens Bank of Edmond, Okla.

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 20, 2018

We’ve seen the big Wall Street banks raise the hurdle (and clear it!) about the best and worst in banking for 2018 and get fired up to start again in ’19. THE BANKING AWARDS. GonzoBanker of the Year – Large Banks. GonzoBanker of the Year – Mid-Size Banks. Bank Lifetime Achievement Award. Let’s think.

Fintech 105

Fintech Conference Innovation Community 105

South State Correspondent

JULY 19, 2023

If you are looking to see the future of how banks will utilize artificial intelligence (AI), look no further than marketing. Even if you are not a bank marketer, this article is worth a read to understand AI’s capabilities. Bank marketing AI is ground zero to showcase the transformation that is already taking place.

Marketing 195

Marketing Training Video Tools 195

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60