Independent Banker

JUNE 30, 2022

This could be as simple as ensuring there are meat-free options for vegetarians at every company event, or as involved as establishing culturally specific employee resource groups. So, how can community banks build truly inclusive cultures, where everyone feels like they belong? Misti Stanton, Mercantile Bank.

Community Bank 91

Community Bank Community Leadership Millennials 91

Independent Banker

DECEMBER 1, 2021

Now, consumers expect that from every company in which they do business. Many of today’s banks have recognized this shift and are looking for new ways to attract, engage, and retain their customers, all while providing a great experience. 18% of these consumers opened an account with an online-only direct bank.

Community Bank 91

Community Bank Community Fintech Guidelines 91

American Banker

APRIL 4, 2024

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

Wyoming 64

Wyoming Community Bank Community Fintech 64

Independent Banker

FEBRUARY 28, 2022

This allows community banks to triage, evaluate and rectify issues before they become problems. Using tailored tracking and reporting technology, and a network of financially focused digital outlets, the company helps community banks monitor and measure customer engagement and sign-ups.

Community Bank 148

Community Bank Community Innovation Tools 148

Independent Banker

OCTOBER 1, 2022

Neil Zick, president and CEO of Twin City Bank, helped Tim Norris obtain financing to start The Link Cannabis Co. When Oklahoma legalized the sales of cannabis for medicinal purposes in 2018, executives of $550 million-asset Blue Sky Bank in Tulsa, Okla., It’s a strategy that an increasing number of community banks are embracing.

Marketing 113

Marketing Compliance Community Community Bank 113

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. based Sunrise Banks, a $1.1 trillion by 2022. Paul, Minn.-based

Cards 128

Cards Community Bank Community New York 128

American Banker

DECEMBER 28, 2020

Coastal Community in Washington is an investor in and the first client of Synctera, a software company that aims to help community banks manage their fintech relationships, including regulatory obligations.

Compliance 52

Compliance Washington Community Bank Community 52

American Banker

MAY 24, 2024

There were significant red flags that regulators overlooked when allowing New York Community Bank to acquire Signature Bank. Those include the fact that the company was still integrating the Flagstar Bank transaction.

New York 53

New York Community Bank Community Regulation 53

Independent Banker

APRIL 30, 2022

Operations play a role across multiple facets of community banking, including account onboarding, payments and transactions, fraud analysis, compliance and regulatory guidelines. On a practical level, what steps can community banks take to strengthen their back-office operations? Minimizing friction.

Innovation 91

Innovation Community Bank New York City Community 91

PYMNTS

JULY 10, 2020

Today, however, the banking challenge has largely been solved. Credit unions and regional or community banks have stepped in to fill the banking gap, making barriers to accessing much needed financial services lower than ever before for marijuana businesses. Augmenting Legacy Infrastructure.

Innovation 210

Innovation Payments Tools Compliance 210

CFPB Monitor

SEPTEMBER 14, 2021

Last week, the Federal Reserve Board published a paper on partnerships between community banks and fintech companies, “Community Bank Access to Innovation through Partnerships.” account opening) and the bank continues to interact directly with its customers.

Fintech 78

Fintech Community Bank Community FDIC 78

PYMNTS

DECEMBER 14, 2017

214 | The number of banks surveyed in the PYMNTS Bank Innovation Readiness Index, in collaboration with payments solutions provider i2c. It also included banks outside this profile and represents a broad range of FIs reflective of the market.

Bitcoin 122

Bitcoin Data Compliance Survey 122

South State Correspondent

OCTOBER 26, 2023

The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon. Sunday Programming: consisted of a federal lobbying track, AI Summit, Small Business, Fraud, running a fintech, cannabis banking, and modernizing the banking core system.

Conference 221

Conference Las Vegas Fraud Case Study 221

Abrigo

FEBRUARY 11, 2022

The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption. Whether they’re credit unions, community banks, private fintech firms, or larger financial institutions, [financial institutions] are all vying for the same customers.

Resources 195

Resources Regulation Community Bank Community 195

PYMNTS

DECEMBER 8, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company to debut on the stock market. The company, which was valued at $4.8 billion in a private fundraising round last year, has talked with multiple special purpose acquisition companies (SPACs).

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

APRIL 8, 2020

Small businesses, meanwhile, can use the platform to apply online as fewer physical bank branches are available. Marketplace lending company Funding Circle announced the debut of its pre-application service for small businesses interested in obtaining an SBA loan under the PPP. Funding Circle. Wolters Kluwer. Computer Services, Inc.

Lending 245

Lending Fintech America Technology 245

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

Abrigo

MAY 8, 2024

Yet 30% of financial services leaders ban the use of generative AI tools within their companies, according to a recent survey by American Banker publisher Arizent. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

Examples 221

Examples Fraud Resources Risk Management 221

Abrigo

APRIL 7, 2022

Today’s financial marketplace is challenged by increasing regulation, high expectations for fast and mobile financial services, and new fintech companies joining the already competitive arena. When two financial institutions come together, the AML and fraud compliance functions will need to be consolidated. Proactive Planning.

Compliance 195

Compliance Policies Fraud Analysis 195

PYMNTS

SEPTEMBER 19, 2019

Cross River, a company that provides banking services for technology companies, will join The Clearing House’s (TCH) RTP network, according to a release. The company has enhanced its Banking-as-a-service (BaaS) products by allowing third parties to have access to payment rails.

Payments 173

Payments Fintech Community Bank Compliance 173

PYMNTS

APRIL 16, 2020

Foreign exchange and cross-border payments solution provider Currencycloud and cloud-based derivatives and FX firm Derivative Path have announced a partnership aimed at enabling regional and community banks to integrate cross-border payments technologies. As more non-bank players are allowed to facilitate PPP lending to U.S.

Data 167

Data Lending Regional Fintech 167

ABA Community Banking

NOVEMBER 1, 2022

As some banks weigh ditching their holding companies, there are a few considerations for how and why publicly traded banks can file Exchange Act reports directly with their regulatory agencies. The post Filing Exchange Act reports without a holding company appeared first on ABA Banking Journal.

Report 52

Report Company Community Bank Community 52

Bank Innovation

FEBRUARY 11, 2019

Cambr, a cloud-based platform powered by investment firm StoneCastle and digital banking software provider Q2 Holdings, is helping neo-banks and fintechs launch and scale up through a network of 850 community banks.

Community Bank 170

Community Bank Community Software Innovation 170

Abrigo

MARCH 2, 2023

But as Southwest’s scheduling system crisis over the holidays showed banking and all other industries, technology shortcomings create enormous costs in the short-term and in the future. The company has estimated that the impact of its system meltdown during bad weather will cost it as much as $825 million.

Technology 195

Technology Lending Community Software 195

Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

JULY 29, 2016

Big Savings—ICBA’s Dan Clancy and Travelers’ Laura Lundin hold a big check representing the $3 million dividend paid this year to community banking participating in the ICBA-Travelers property-and-casualty insurance Preferred Service Provider program. ICBA Bancard & TCM Bank, N.A. Compliance and Operations.

Community Bank 70

Community Bank Community Compliance Lending 70

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ? But one of the biggest problems in community banking today is a fear of risk.

Strategy 135

Strategy Community Bank Louisville Community 135

Independent Banker

OCTOBER 31, 2022

AI can help solve customer pain points—but does it mean community banks will lose the personal touch they pride themselves on? As community bankers themselves tell us, the answer is no. The estimated amount of money banks will save by using AI applications by 2023. billion-asset Sunwest Bank in Sandy, Utah.

Community Bank 91

Community Bank Community Customer Experience Data 91

Independent Banker

JANUARY 31, 2023

With technology upgrades and customer experience consistently ranking as chief priorities for community banks, there’s no question that innovation serves as a strategic imperative. Many fintechs have flashy offerings, but if what they provide doesn’t instantly solve a problem for your bank, it isn’t an immediate fit.

Fintech 139

Fintech Innovation Community Community Bank 139

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. of Regulation E specifies the timing and steps banks must take to investigate and resolve EFT errors consumers allege.

Community Bank 91

Community Bank Regulation Community Training 91

ABA Community Banking

OCTOBER 10, 2018

It is crucial to be intentional in carrying out an environment where a diverse workforce can grow and feel heard by the company Human Resources Management Compliance People Compliance Management Community Banking Feature3.

Examples 49

Examples Community Bank Compliance Resources 49

PYMNTS

JANUARY 19, 2017

For community banks, there’s power in numbers. According to the Independent Community Bankers of America (ICBA), a trade group that advocates on behalf of about 6,000 community banks of various sizes in the U.S., But community banks still face tough competition from larger financial institutions.

Data 100

Data Community Bank Community Digital Banking 100

PYMNTS

APRIL 23, 2020

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. Citizens Bank Of Edmond. Fresno First Bank.

Fresno 142

Fresno Regional Fintech Lending 142

Independent Banker

OCTOBER 31, 2018

This year, you’ve probably heard me say that ICBA is focused on three pillars: community bank advocacy, education and innovation. As I put on three hats—consumer, community banker, and ICBA president and CEO (in no particular order)—I see three specific opportunities for innovation. Exciting, right?

Fintech 70

Fintech Community Bank Community Nashville 70

Independent Banker

AUGUST 31, 2016

E-signature is a hot technology now in the industry; many community banks are adopting the technology to keep pace with consumer demographic preferences. If your community bank hasn’t already looked into using e-signatures, now is a good time to start. in the required locations.

Community Bank 72

Community Bank Compliance Minneapolis Community 72

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company.

Trends 175

Trends Fraud Millennials Community Bank 175