Remove Boston Remove Community Remove Community Bank Remove Company
article thumbnail

What Bank Business Lines Will You Invest In?

South State Correspondent

If you have an MBA or have any corporate strategy training, undoubtedly you have been exposed to the famous Boston Consulting Group’s Boston Matrix. McKinsey & Company promoted their version of it and Jack Walsh at General Electric made it an art form. The problem is, this framework can get a community bank in trouble.

Boston 150
article thumbnail

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. RTP Gains Community Bank Traction. In the U.S., And when it comes to legacy rails, the U.S.

Fraud 266
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Efficiency now: 8 smart strategy tips

Independent Banker

Fallout from recent global events presents an obstacle to generating revenue for community banks. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ? How can they counteract these effects and maximize financial efficiency?

Strategy 135
article thumbnail

Boston bank to sell 10 branches in upstate New York

American Banker

Berkshire Hills Bancorp declined to detail the savings it expects from the downsizing, though one analyst estimated it could shave $3 million from the company's annual noninterest expenses.

article thumbnail

Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

percent through 2028, according to Boston Consulting Group. AvidXchange has ranked among the fastest-growing companies in North America on Deloitte’s Technology Fast 500 for the past six years, the company said in a blog post last month. The company announced on Thursday (Dec.

article thumbnail

AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Yet 30% of financial services leaders ban the use of generative AI tools within their companies, according to a recent survey by American Banker publisher Arizent. GenAI use case for fostering relationship banking Abrigo client BAC Community Bank in Stockton, Calif.

Examples 195
article thumbnail

Eastern in Boston strikes $528M deal to buy Cambridge Bancorp

American Banker

The combination would create a company with $27 billion of total assets, $18 billion of loans and $22.6 billion of deposits.

Boston 44