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Key takeaways from ThinkBIG 2024: Insights for banks and credit unions

Abrigo

You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance." watch now Takeaway 1 Banking professionals face challenges posed by interest rate changes. However, financial institutions mustn’t ignore or neglect customers who may still prefer traditional banking methods.

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Why community banks should partner with fintechs

Independent Banker

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Digital account opening. Fraud and risk management.

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The BaaS Gold Rush is On

Gonzobanker

To do this, banks can leverage their competencies in payments, lending, operations, and risk management while using the earnings generated from BaaS to transform their core business. Fintechs in need of charters are prompting new banks to enter BaaS seeking a “white whale.”

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The 2023 GonzoBanker Awards

Gonzobanker

Under Stuart’s leadership over the past 17 years, OnPoint has gone from under $2 billion in assets to knocking on the door of $10 billion, all while becoming the most recognized financial brand in the Portland market and achieving some of the industry’s best profitability in 2023. Sounds like a cool strategy to build a smarter bank.

Fintech 194
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2020 GonzoBanker Awards

Gonzobanker

And how did community banks and credit unions respond to the COVID craziness? Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. There have been many come-and-go digital banks. Nicely done!

Idaho 170
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The 2019 GonzoBanker Awards

Gonzobanker

The Ecosystem Award – Goes to Partners Credit Union for its collaborative member experience work with digital banking vendor Kony (now part of Temenos). The digital banking provider helped implement digital competitiveness against big banks that Partners sought. Might be time to. Overpriced Unicorn (a.k.a.

Idaho 148
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2021 GonzoBanker Awards

Gonzobanker

Huntington and TCF merge to create the $170 billion Midwest dynamo and vault them into one of the top 10 banks in the country. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. We salute a legend of lending and credit union leadership. Has it worked? 82% to over 2.3%

Fintech 142