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This Week’s Reads: Underbanked, DIY Banking, Community Banks

Banking 2020

Articles via American Banker, Bankrate, Financial Brand and Bank Innovation. Rush to serve the underbanked spurs innovation: With the race between financial institutions to become the most innovative heating up, consumers and financial institutions alike are becoming more aware of the effects innovation is having on the industry.

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Community Service with the Personal Touch

Banking 2020

Question: Community branch, personal service, mobile banking—which is the odd one out? For some time now, there have been discussions about the future of community banks in the age of digital banking. By contrast, the very idea of digital communication seems cold and distant and impersonal. Answer: None.

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This Week’s Reads: Digital Banking, Innovation and Payments

Banking 2020

Reality checks for community banks switching to a digital model: There is a lot of talk about digital banking however, not all digital banking falls under the same umbrella. Community banks must examine what cultural, operational and marketing shifts will happen when they adopt digital banking initiatives.

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Branch Transformation: Innovating to be Nimble

Banking 2020

Innovation requires understanding your client base and providing differentiated services that clients will find value in. Banks must innovate and be nimble to address emerging client needs in the neighborhoods they serve. As community banks, we must recognize and be responsive to what our clients are demanding of us.

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China key to banking and payments innovation

Banking 2020

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. At the turn of the millennium, just 1.8

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Banks: sink or swim with FinTech players

Banking 2020

Banking institutions must engage with emerging financial technology (FinTech) companies or risk being left behind by an industry that is currently undergoing one of the largest transformations ever seen. Key reasons for this include innovations in the technology industry that offer significant opportunities to financial firms.

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FI Highlight: Banner Bank

Banking 2020

Dianne shared insight on Banner Bank’s recently redesigned website and new marketing initiatives to further their approach as a “ super community bank.”. Dianne Larsen, Banner Bank. What is new about your online and mobile banking experience? . We regularly push mobile banking updates to our clients.