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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. Leveraging social media, Gentle Monster started to get traction.

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The ICBA 22/23 executive committee is all in

Independent Banker

To sum it up, these leaders are all in and all heart for community banking. Here stood a group of experienced and passionate community bankers who have dedicated themselves to advocating for the industry they care so deeply about. “I’m This is why sharing our customer stories is so important. By Molly Bennett.

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The community bank’s complete guide to building trust

Independent Banker

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. fashioned customer service.

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Modernize or Optimize? That Is the Core System Question

Gonzobanker

Cornerstone surveyed over 300 community banks and credit unions and found that more than 60% are not satisfied with their current core provider across several categories. Some financial institutions have recently converted core systems, but they haven’t seen material improvements to their customer experience or efficiency.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

In many cases, the podcasts or hosts have sizable social media followings, and all release a new episode at least once per month so you can stay up to date with the latest trends in the finance world. BankTalk BankTalk by Remedy Consulting posts twice-a-month episodes for both banks and credit unions.

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Customer Satisfaction – How To “Wow” Your Customer in Banking – Part I

South State Correspondent

Pioneered by the hotel industry, many banks have copied this tactic, but none have been able to scale it. Banks often benchmark themselves to the categories and classes below published by the American Customer Satisfaction Index. To track if they are wowing the customer, banks compare their score to the benchmark.

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Why Retail Banking Needs a Reputation Rehab

PYMNTS

However, in the 2019 Retail Banking Report, a study by Reputation.com that analyzed online data relating to retail banking locations for 23 major U.S. banks, the banking industry was found to be lacking. The study didn’t examine in-depth why particular banks outperformed others.

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