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Retail banking trends to look out for in 2023

Independent Banker

Dan Hancock, Gorham Savings Bank. To achieve this, the community bank employed multiple strategies. We are continuing to explore relationships with fintechs, especially as it relates to fraud prevention and providing more value to our customers,” says chief deposit officer Dan Hancock.

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3 Ways Any Financial Institution Can Move with Fintech Speed

The Financial Brand

Hands down, speed is the biggest competitive advantage a bank or credit union can have. The post 3 Ways Any Financial Institution Can Move with Fintech Speed appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Here's why, and what it takes to dial it up.

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Banks Are All Fintechs Now (or Soon Will Be), But Do They Have the Right Talent?

The Financial Brand

The post Banks Are All Fintechs Now (or Soon Will Be), But Do They Have the Right Talent? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. A new report flags the skills gap financial institutions face as the industry becomes more tech driven. Altering hiring criteria is crucial.

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3 Culture Changes Can Give Any Financial Marketer Fintech-Like Results

The Financial Brand

Sharply different approaches distinguish fintechs from established institutions. The post 3 Culture Changes Can Give Any Financial Marketer Fintech-Like Results appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Yet key principles of startups can be applied by anyone.

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Community Bank Builds Future on ‘Banking as a Service’ & Google Plex

The Financial Brand

21 deals with neobanks and fintechs like Aspiration, Ellevest and Greenwood sent a community bank down an unexpected (and profitable) path. The post Community Bank Builds Future on ‘Banking as a Service’ & Google Plex appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Neobank Alternative: Building a Hybrid Digital-First Bank from Scratch

The Financial Brand

New Florida institution, built by two banking veterans on a modern tech platform, may be what the start-up of the future will look like. The post Neobank Alternative: Building a Hybrid Digital-First Bank from Scratch appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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The Secret to Bank Innovation Goes Way Beyond ‘Culture Change’

The Financial Brand

The post The Secret to Bank Innovation Goes Way Beyond ‘Culture Change’ appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Willingness to act when the outcome is unknown and to look for options on 'the edge of money' are crucial for financial institution growth.