The Financial Brand

JUNE 2, 2024

This article Overheard at the Forum: How Colony Bank Hired a Fintech Creator to Jump Start Innovation appeared first on The Financial Brand. Start with the basics and keep your eye on what makes sense for a community bank amid all the shiny whistles.

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The Financial Brand

JUNE 24, 2021

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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The Financial Brand

JULY 4, 2021

Traditional strengths still count, yet the ability to innovate and adapt are key. The post How Community Banks Can Stay Relevant in the Face of a Digital Assault appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Asset size does play a role, bankers and others note.

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The Financial Brand

AUGUST 18, 2020

Even before COVID socked the economy community banks and credit unions saw local loan demand falling. The post Can Nontraditional Credit Analysis Be Community Banks’ Path to Profit? appeared first on The Financial Brand. Adapting a fintech technique may help.

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Independent Banker

FEBRUARY 28, 2023

Working hand in hand with digital transformation, data provides a powerful tool for community banks. Its accessibility, readability and applicability in today’s digital-first environment has enhanced community banks’ ability to serve their customers, creating a heightened experience.

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South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. This article breaks down how you can use the ERC Assist product to generate deposits in an innovative way.

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The Financial Brand

NOVEMBER 24, 2022

This article New Consortium Seeks to Accelerate Small-Bank Technology Innovation appeared first on The Financial Brand. Helping community banks catch up with technology is the goal of a partnership between banks, a fintech VC firm and an asset manager.

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The Financial Brand

AUGUST 23, 2020

Banking-as-a-service could be a huge win for financial institutions that seize the opportunity, and a growing threat to those that ignore it. The post How Today’s Community Bank Becomes a Digital Deposit & Loan Machine appeared first on The Financial Brand.

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The Financial Brand

APRIL 21, 2021

With a niche focus, the bank concentrates on a few things it’s really good at that big banks can't touch and fintechs haven't pounced on. The post How One Community Bank Built its Strategy from an ROA/ROE Analysis appeared first on The Financial Brand.

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The Financial Brand

AUGUST 31, 2020

Building innovation on a basic bank chassis to produce fresh growth and expansion means venturing beyond your institution's comfort zone. The post Taking a Community Bank National Demands a Niche and a Strategy appeared first on The Financial Brand.

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Independent Banker

OCTOBER 31, 2021

How Americans bank has been changing for years, including how they start their banking relationships. Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. In 2019, the two merged brands again under IncredibleBank.

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Banking 2020

MARCH 20, 2015

Articles via American Banker, Bankrate, Financial Brand and Bank Innovation. Delivering More Than DIY Banking: While the DIY, or do-it-yourself, banking model may have worked in the past, today’s consumers expect technology to help them with all aspects of their lives and banking is no exception.

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The Financial Brand

FEBRUARY 24, 2021

The post How Community Banks Can Attract Generation Z With Financial Lessons appeared first on The Financial Brand. If financial institutions keep marketing to Gen Z like they did Millennials and Gen X, they'll keep coming up short.

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The Financial Brand

NOVEMBER 16, 2021

Community banking has plenty of innovation potential, but often it takes leaving the traditional banking mindset to find the opportunities. The post Tips & Insights on Creating (or Recreating) Brand Buzz in Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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PYMNTS

APRIL 1, 2019

At the end of the day, he noted, trust is the critical element at credit unions, and the main differentiator between credit union customers and other banking customers. It’s a statement borne out by the new Credit Union Innovation Playbook , a PYMNTS/ PSCU collaboration. But, Lynch noted, it is still a starting point. For example, 49.1

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PYMNTS

NOVEMBER 18, 2020

It is also announcing a new partner in Daylight, a digital bank working with Visa and Fast Track to recreate a community bank concept digitally. These firms need to find a bank sponsor. Creating The Digital Community Bank. And collectively, this community represents a trillion dollars in U.S.

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Social Assurance

SEPTEMBER 3, 2021

But despite this, community and connection has held us together. Community bankers play a critical role in creating and strengthening these bonds. Community banks offer more than just banking services. They offer a relationship that can benefit communities in a variety of ways.

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PYMNTS

AUGUST 31, 2020

percent of CUs have interest in unveiling products and services for these firms in the next three years,” according to PYMNTS’ recent Credit Union Innovation Playbook: Microbusiness Opportunity Edition. Advanced Banking Tech for Small Operators. percent of these credit unions are eyeing mobile banking capabilities, while 61.1

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Gonzobanker

FEBRUARY 23, 2022

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. As the gold rush period shakes out, Cornerstone predicts only one in five banks will have a strong enough I.T. Early leaders like Coastal Community Bank in Everett, Wash.,

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The Financial Brand

FEBRUARY 24, 2021

The post How Pineapples are Helping Community Banks Attract Younger Customers appeared first on The Financial Brand. If financial institutions keep marketing to Gen Z like they did Millennials and Gen X, they'll keep coming up short.

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Cisco

NOVEMBER 15, 2022

Open banking allows third-party financial services companies to access consumer banking, transaction, and other financial data via the secure use of APIs. It is about opening up information to spur innovation of third-party providers to build new, added-value offerings. Open banking happened. In the U.S.

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Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Kennebec Savings Bank.

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Abrigo

OCTOBER 20, 2020

Key Takeaways Gain an understanding of the current state of banking and future expectations. Plan for new technology and innovations. The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. Drive Growth.

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Social Assurance

OCTOBER 1, 2021

What makes a financial brand stand out? Whatever it is, community heroes are constantly leaving their mark. From supporting small businesses to uplifting employees, here’s how Community Heroes Empower, Ignite, and Enable their communities: Empower. Community heroes empower local businesses. “

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South State Correspondent

SEPTEMBER 20, 2022

Most banks will target around 6% of revenues next year for their marketing budget, and banks with strong brands and marketing programs target above 7%. All involved in any marketing effort should understand if it is about branding, sales funnel acquisition, funnel movement, conversion, or retention.

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South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. 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.

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Social Assurance

MAY 7, 2021

Financial banking looked a little different this past year. The COVID-19 pandemic presented community banks with a unique set of challenges – but also opportunities. Necessity forced many institutions to think outside the box and develop innovative approaches to helping their community.

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Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. Koger Propst.

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The Financial Brand

MAY 5, 2019

How one big community bank keeps its internal fintech think tank churning out usable products instead of blue sky. The post Bank OZK Self-Disrupts with Innovation Lab Stressing Practical Change appeared first on The Financial Brand.

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William Mills

DECEMBER 19, 2017

BankLabs is a national provider of innovative mobile technology products helping community banks improve efficiency, increase time for relationships with customers and create marketplace options that expand business opportunities. BankLabs was created by community bankers, for community bankers. About BankLabs.

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Banking 2020

JULY 24, 2015

Articles via The Financial Brand, Business Insider, Mobile Payments Today. 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. What have you been reading?

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Independent Banker

MAY 26, 2016

Rebuilding a reputation as payment innovators. These nonbank players are viewed as disruptive and innovative, a position once held by financial institutions. These nonbank players are viewed as disruptive and innovative, a position once held by financial institutions. By Jeff Weikert.

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Digital Growth Institute

APRIL 8, 2022

Is your financial brand stuck in the past? Eric Cook , Founder and Chief Mentor of The LinkedBanker , an agency that helps community banks innovate in a digital world, joined the Banking on Digital Growth Podcast to address fear in the financial industry, the role of the COVID-19 pandemic, and overcoming common challenges.

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South State Correspondent

NOVEMBER 27, 2022

Banks that market from the fringes – with new customer promotions, with “specials,” or with promotions to targeted geographies – end up weaking their center position. For some banks it is superior service, others it is specialty products and others it is pure brand.

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The Financial Brand

JANUARY 16, 2022

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.

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NCR

MAY 9, 2017

The expansion of new fintech apps started a trend of eroding revenue and profits from banks and credit unions, generating a sense of competition with app developers. But technology innovators and financial institutions have worked together for generations. US Bank has 42 branded apps in the App Store. In Canada it is 53.

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The Financial Brand

NOVEMBER 30, 2021

As part of a sweeping tech upgrade, a community bank brings retailing savvy to retail banking. The post Traditional Bank Borrows from Amazon to Build an App to Rival Neobanks appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Being 100+ doesn't have to mean 'out of date.'

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