PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. has dropped from 8,000 in 2004 to about 5,400 in 2018. Strengthening SMB Ties.

Community Bank 123

Community Bank Community Payments Fintech 123

South State Correspondent

JUNE 8, 2022

This article looks at five ways to use customer lifetime value data to make an immediate difference in bank performance. While getting a good data set is different for different industries, for banking, the minimum requirement is to pull transaction data for about 5,000 customers over the course of at least two years.

Data 195

Data Marketing Strategy Examples 195

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. A different kind of peer-to-peer payment service is now available, “built by community banks for community banks.”.

Community Bank 91

Community Bank Community Payments Meeting 91

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

Capital 116

Capital Compliance Report Software 116

South State Correspondent

FEBRUARY 20, 2023

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage.

National 195

National Lending How To Community Bank 195

South State Correspondent

APRIL 4, 2024

However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model. Community banks’ focus on business banking must adapt to offer more sophisticated products to larger business clients. With time, these changes will only amplify.

Risk Management 195

Risk Management Community Bank Policies Community 195

Independent Banker

AUGUST 31, 2022

Social payments methods like Venmo and Cash App continue to grow in popularity, and the data is there to prove it, creating an opportunity to give customers what they want: 24/7 access to cashless, P2P and mobile transactions. So how do social payments fit in community banks’ long-term future? The community bank opportunity.

Capital 94

Capital Payments social media Community Bank 94

South State Correspondent

SEPTEMBER 18, 2023

This development is very important to community banks, as their efficiency ratio also increased, but to 61.63%. However, we believe that community banks should consider a different strategy since community banks’ much higher efficiency ratio results from a different driver.

Management 195

Management How To Community Bank Community 195

Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

Lending 222

Lending Risk Management Community Management 222

Bobsguide

SEPTEMBER 8, 2022

3 clients benefit from international venue data access that covers broad asset class range. By incorporating ICE’s data into MX.3, 3 using on-premises servers or via a cloud provider using ICE’s historical data sets. Murex has also integrated ICE’s data into its demo environment to be used to help demonstrate MX.3

Data 88

Data Risk Management Analytics Community 88

PYMNTS

JANUARY 19, 2018

The hot topics in B2B venture capital these days are often cutting-edge technologies like blockchain and data analytics. Indeed, these spaces secured significant funding in this week’s B2B venture capital roundup. Check out the B2B payments, blockchain, logistics and data analytics firms that secured funding below.

Capital 118

Capital blockchain Big Data Data 118

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. We urge you to make such legislation a priority.”.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

MARCH 30, 2020

We went into the field last Wednesday (March 24) to understand, at an aggregate level, how COVID-19 has impacted the SMBs that line the Main Streets and the side streets of our communities. In other words, this sample reflects the composition of SMBs on those Main Streets and side streets of the communities that we all call home.

Maine 232

Maine Data Capital Study 232

Abrigo

JANUARY 28, 2016

The following is an excerpt from the Sageworks whitepaper "Optimizing Capital: Challenges and Opportunities for Financial Institutions". million and two employees), financial institutions understand the importance of customer and community service. Disconnected processes, departments and technology 3. They may include: 1.

Capital 150

Capital Texas Risk Management Management 150

PYMNTS

JULY 10, 2019

Commercial lending data company PayNet is teaming up with digital financial data sharing firm Validis to augment the small business loan data management and analytics experience for joint financial institution clients, the companies revealed in a Tuesday (July 9) press release.

Data 115

Data Lending Analytics Community 115

PYMNTS

DECEMBER 20, 2019

Payroll and insurance are two areas in which technology startups have brought disruption to the fold, but challenges in these markets are rarely tackled simultaneously. Each month, businesses must report payroll data to workers’ comp insurance carriers in order to accurately calculate premiums and make insurance payments.

Data 131

Data Management Trends Mobile 131

PYMNTS

SEPTEMBER 17, 2020

Dubbed the next-generation digital platform, it is expected to use an application programming interface API, a computing interface which defines interactions between multiple software intermediaries, and cloud technology to provide common processing services. “We

Innovation 348

Innovation Payments Compliance Data 348

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 195

Lending Community San Antonio Survey 195

PYMNTS

SEPTEMBER 12, 2018

The enterprise increasingly understands the power of data. Businesses are not only seeking to become data-driven, but are investing more in the tools they need to achieve that goal. percent) agrees that their businesses are actively working to become a data-driven enterprise — up from 85.5 percent only a year ago.

Data 115

Data Big Data Survey Analytics 115

South State Correspondent

DECEMBER 8, 2023

In two days, you can hear from Chase, US Bank, Capital One, BMO, M&T, PNC, Citizens, Truist, Huntington, and more, a feat that can only be done at a conference of this caliber. In recent years, product selection, advisory, technology, and a commitment to help support growth have jumped up in importance.

Conference 195

Conference Retail Community Bank Technology 195

PYMNTS

MARCH 16, 2018

This week’s B2B FinTech venture capital roundup is all about data, and, as investors showed, there’s more than one way to offer data services for the enterprise. In total, B2B startups raised more than $144 million this week — and the majority of that went to businesses targeting enterprise data in some way.

Data 100

Data Fintech Analytics Capital 100

PYMNTS

SEPTEMBER 18, 2020

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability.

San Jose 226

San Jose Capital Utah Operations 226

South State Correspondent

JANUARY 3, 2023

Data Visualization and Bank Profitability. Data visualization allows users to see data quickly, understand it more effectively, and identify which factors influence behavior and the relationship between cause and effect. Market segments – A bank is a compilation of its customers.

Community Bank 221

Community Bank Community Data Marketing 221

PYMNTS

JUNE 3, 2016

There may be a few resilient, strategic entrepreneurs out there who don’t need venture capital to run a successful startup. “It’s a huge anomaly,” said Small Business Administration Head of Innovation and Investment Mark Walsh, referencing the ability for startup founders to make it without venture capital.

Security 100

Security Data Analytics Capital 100

South State Correspondent

OCTOBER 26, 2023

The catalyst was likely a panel led by the CEO of Taktile (AI Underwriting), a Partner from Bain Capital, a partner for Andreessen Horowitz, the chief data scientist from Branch International (digital banking fintech for India and Africa), and a tech correspondent for CNBC. Maybe a topic for next year?

Conference 221

Conference Las Vegas Fraud Case Study 221

Abrigo

NOVEMBER 8, 2019

Top down and bottom up analysis can inform capital assessments. Stress testing can put a burden on smaller financial institutions, but today's technology "levels the playing field.". Stress testing and capital adequacy.

Lending 150

Lending Risk Management Analysis Capital 150

Lex Sokolin

OCTOBER 21, 2020

Our communities and networks have become increasingly digital. The data pipe of the Internet is expanding logarithmically according to Nielsen’s Law in the chart above, an analogue to Moore’s Law for computing. That means that our physical communities are also our digital communities. They are paying for community?—?admission

Community 52

Community Video blockchain Maine 52

PYMNTS

NOVEMBER 27, 2019

Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. The Community Approach to Ubiquity. Although the technology exists, it’s ultimately the end user who will dictate how (or if) to use it.

Payments 294

Payments Data Technology Community 294

Gonzobanker

FEBRUARY 22, 2024

For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology. Community banks need to analyze the demographics and varied business segments to identify the growth potential of each market. No two markets are created equal.

Lending 78

Lending Community Bank Community Strategy 78

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

MARCH 23, 2020

.” SMB loan underwriting is complex, and with greater opportunity to wield alternative data to mitigate risk, lenders can also face the challenge of understanding how to collect information, how much weight to give it, and how to analyze that data in the context of broader economic trends. Expanding The Data Scope.

Lending 188

Lending Data Analysis Tools 188

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ).

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.”

Community 195

Community Lending Maine Resources 195

PYMNTS

MAY 29, 2019

Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. For loans made via the Working Capital operation, the new money tends to support inventory.

Lending 221

Lending Capital Operations Community 221

Independent Banker

JANUARY 31, 2022

These community banks are working to fix that through microlending programs. Now, some community banks are launching microlending programs to redress the balance. That realization sparked the idea at Summit Bank to create a microloan program that would target underserved groups in its communities. By Beth Mattson-Teig.

Lending 150

Lending Community Community Bank Compliance 150

PYMNTS

NOVEMBER 12, 2020

Government-backed loan schemes like the Paycheck Protection Program (PPP) connected vital capital to small- to medium-sized businesses ( SMBs ) in need of aid to stay afloat. Even with a surge in PPP financing, many early-stage businesses continue to struggle to access capital from traditional sources.

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Regulation Capital Marketing Lending 232