Remove Cards Remove Community Bank Remove Innovation Remove Risk Management
article thumbnail

Community Banks, Where Moving Beyond Interest IncomeĀ Is In The (Credit) Cards

PYMNTS

Additional financial products and services must round out traditional banking activities. And yet, sometimes community banks, opt to stick to their lending knitting, forfeiting the potential to earn non-interest revenue and cementing their ties with both individual and corporate customers.

article thumbnail

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. Takeaway 3 Attracting new and younger customers is a top priority for community financial institutions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

Independent Banker ā€™s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage todayā€™s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, whatā€™s at the top of community bank leadersā€™ to-do lists?

article thumbnail

AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 222
article thumbnail

The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Meanwhile, the agency says banks, credit unions, and other depository institutions accounted for 80% of the 8,200 financial institutions active in small business financing in 2019. With $580 billion in private-term loans and lines of credit and $62 billion in credit cards, they accounted for 56% of the small business financing market.

Lending 244
article thumbnail

The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Meanwhile, the agency says banks, credit unions, and other depository institutions accounted for 80% of the 8,200 financial institutions active in small business financing in 2019. With $580 billion in private-term loans and lines of credit and $62 billion in credit cards, they accounted for 56% of the small business financing market.

Lending 195
article thumbnail

5 New Yearā€™s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Develop a more innovative process.