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The Top 20 Deposit-Rich Industries for 2023

South State Correspondent

While desiring to bank everyone in your community is noble, it can be a poor use of resources. Not to say you want to ignore parts of your community, but why not focus more of your resources on those industries that will make your bank more profitable? While there are approximately 4,400 independent security firms in the U.S.,

Industry 195
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5 Big reasons to go digital with SMB & commercial lending

Abrigo

Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure portal between the bank and customer and automated workflows that speed origination. In my experience, community banks only do what they have to do.

Lending 195
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Customer Support at Abrigo Provides Peace of Mind

Abrigo

Learn from your peers and hear what problems they are dealing with in our Abrigo Community, exclusive to our customers. Community financial institutions are often tasked with doing more with less. The ADC is a highly resilient environment with risk monitoring levels not currently sustainable by typical community financial institutions.

Software 195
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How Airbnb Uses Payments To Stay Competitive

PYMNTS

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. While hosts in rural communities are legally allowed to accept both Korean citizens and foreigners as guests, hosts in urban areas can only accept those from outside the country.

Payments 183
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FinCEN AML/CTF Priorities Part 3: Terrorist Financing

Abrigo

See Part I: Implications for Community Financial Institutions. Participate in learning opportunities as often as possible to stay informed about emerging trends, red flags, and case studies. FinCEN Releases AML/CTF Priorities: Implications for Community Financial Institutions. Continuing education. Learn More. Learn More.

Training 195
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Instant Issuance, Instant Benefits?

PYMNTS

In one recent case study tied to instant issuance, Entrust Datacard stated that Woodforest National Bank, a community bank operating across 17 U.S. The firm has said that, to date, it has instant issuance deployments at more than 30,000 locations globally, with more than 10.6 in the past year.

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Helping credit unions grow organically: Proper software implementation & integration

Abrigo

The implementation of lending software, like that provided by Sageworks to community banks and credit unions, requires a similar, systematic approach for onboarding. Subsequent to the scoping call, Sageworks offers clients a customized and automated data transfer that securely connects their core system to their Sageworks account.

Software 150