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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194
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Fraud prevention and detection: Empowering clients through education

Abrigo

Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. Some options include: In-person fraud prevention seminars, either held at a branch location or a local community center. Website pop-ups and fraud-warning messaging embedded in transactions.

Fraud 195
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Commoditization, Optimization or Transformation: What’s in Your Core Wallet?

Gonzobanker

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. Maybe this is the new reality for community bankers, but Cornerstone Advisors is seeing little evidence that they’re serious about implementing a comprehensive digital strategy.

Strategy 156
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5 New Year’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. Conclusion.

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Will The SAFE Banking Act Make Life Riskier For Banks?

PYMNTS

The card networks and nationally licensed banks working across state lines would violate the RICO anti-money laundering laws if they attempted to move the payment. Most agree that this new law, which mostly is pitched at regional players, will not have much effect on the card networks or large-multi state banks). High praise.

Taxes 151
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LendingClub: Loan Applications Grow Double Digits Amid Rising Rates  

PYMNTS

Data-driven efforts aided by technology have been able to match the best cost of capital to the right borrowers, he said, and in the aforementioned 39 percent growth in the custom loan activity, he said that local community and regional banks are looking for higher quality borrowers. “At

Taxes 159
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2021 GonzoBanker Awards

Gonzobanker

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. Congrats to Randy and a great management team. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Has to be M-O-E. Bank Merger of the Year. Has it worked? 82% to over 2.3%

Fintech 143