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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Honkook Kim and his Gentle Monster Brand is a perfect example. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. For inspiration in banking innovation, we often look to other industries.

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Data Dive: FedEx Competes, BoA Automates And Hackers Hack … Everyone, Including Each Other

PYMNTS

When goods are sold, FedEx will manage packing and shipping the goods in customized and branded boxes. Boxes will be branded to the retailer, not FedEx). Speaking of responding to feedback… Bank Of America And The Automated Branch. The new service is now a direct competitor for Amazon and its merchant services platform.

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A New Human Connection

Independent Banker

For some community banks, video tellers, sometimes called interactive teller machines or ITMs, can work well for select markets or under certain conditions, experts say. Still, some community banks haven’t considered the extra hardware investment in video ATMs worthwhile yet, Seibert says. James Johnson, PCSB Bank.

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