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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Banks Bring Coffee Shops To New Branches

PYMNTS

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

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FIs Embrace FinTech Options To Bolster Business Banking

PYMNTS

Reports in NS Banking said the partnership is part of Virgin Money's SME Wellness Tracker, a financial management portal staged for launch later this year. Miami-based Apollo Bank is turning to a third-party FinTech to strengthen its corporate payments and treasury management offering. Germany- and U.S.-based

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A digital-first bank for south Florida

Independent Banker

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders. “We

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Nurturing New Businesses

Independent Banker

However, capital isn’t the only or even primary need of startups, various business incubator experts agree. Some entrepreneurs have never raised capital. They’re not managed well. “The A bank representative would teach commercial money management, while the business owner could relate his or her real-world operating experience.

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FI Highlight: TotalBank

NCR

With innovation on the rise at financial institutions both big and small, security has become a hot topic in the financial services industry. Headquartered in Miami, TotalBank is a leading, full-service community bank offering personal and business banking, lending, and wealth management services.

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Transportation-As-A-Service: The Future Of Smart Commuting

CB Insights

The following is a guest post by Paul Asel, managing partner at NGP capital. Innovations in urban mobility must address three key consumer interests: commute times, transportation costs and convenience. Sources: NGP Capital analysis based on Moovit, AllTransit, Inrix, Nexar, city government data.