PYMNTS

AUGUST 21, 2020

The trend toward digitization in consumers’ lives isn’t new, but COVID-19 has accelerated it dramatically over the past several months. Deposits had already been trending away from community banks and credit unions anyway, but COVID-19 has accelerated that shift. FinTech players are also grabbing deposits. Square announced $1.3

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

OCTOBER 4, 2019

FinTechs in Europe have been experiencing a rise in value as many investors look for alternatives to run-of-the-mill, brick-and-mortar banks. Digital banks are generally seen as more attractive, as they are no longer struggling to find a solid foothold after the financial crisis a decade ago.

Fintech 197

Fintech Community Bank Community Leadership 197

PYMNTS

NOVEMBER 2, 2020

While much has been written about India’s vast unbanked population — roughly one-eighth by the World Bank’s estimates — the more important issue to really look at is how much of India ’s population is under banked , Mandar Agashe , founder, managing director and vice chairman of Sarvatra Technologies told Karen Webster.

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Fintech ATM Community Bank Cards 210

PYMNTS

NOVEMBER 18, 2020

It is also announcing a new partner in Daylight, a digital bank working with Visa and Fast Track to recreate a community bank concept digitally. An example of one such Fast Track FinTech is Daylight — a neo-bank designed to redefine the concept of community banking in the digital age.

Fintech 184

Fintech Community Community Bank Meeting 184

PYMNTS

JANUARY 18, 2017

2017 could have some big changes in store for digital banking. As the calendar turned to January, banks rolled out new ways for both commercial and corporate banking clients to conduct business by tapping the potential of several new financial innovations. Notable news from the Digital Banking space.

Data 100

Data social media Report Community Bank 100

PYMNTS

JANUARY 6, 2021

And according to Doug Brown, senior vice president and general manager of digital banking at NCR , simplicity and innovation have turned what could have been a disastrous year into a transformational pivot for the better. Take restaurants , for example, Brown said: “How do we help them?”

Innovation 318

Innovation Data Examples Community Bank 318

PYMNTS

APRIL 13, 2020

Consumers Think About the Key Issues Driving the Connected Economy explored a census-balanced sample of consumers who bank with legacy financial institutions (FIs) as well as credit unions (CUs), digital banks and even PayPal. We asked consumers to define banks, and they did so in much the same way, with 98.8

Digital Banking 154

Digital Banking ATM Community Bank Survey 154

PYMNTS

MAY 7, 2020

back to some semblance of “normal” has challenges — and opportunities for banks, especially community banks and credit unions. The challenge lies with serving the needs of the individual who may be hesitant to go back to the old ways of banking — of walking up to teller windows, of handling cash in envelopes.

ATM 307

ATM Examples Mobile Community 307

PYMNTS

DECEMBER 29, 2020

Payments Canada — the country’s payments clearing and settling operator — announced that it has selected a key vendor to help develop its forthcoming Real-Time Rail (RTR), for example. In the Feature Story, Honigberg explains the factors that inspired Cross River to connect directly and what it takes to make such an undertaking manageable.

Payments 311

Payments Strategy United States Report 311

Independent Banker

OCTOBER 31, 2021

“I’m not sure how we would have processed all of the PPP loans and everything else in the last 18 months without some of the technology that we have implemented,” says Chris Jundt, senior vice president and chief lending officer at First State Bank & Trust. Chris Jundt, First State Bank & Trust. Cashing in on efficiencies.

Lending 91

Lending Community Bank Community North Dakota 91

Gonzobanker

FEBRUARY 23, 2022

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. According to internal Cornerstone research, banks pursuing Baas hadan 80% median increase in NIE compared to an industry median of just 18%. assets, citing high NIE.

Community Bank 117

Community Bank Strategy Risk Management Fintech 117

PYMNTS

MAY 27, 2020

For banks, the opportunity is there to cement the trust of their customers during uncertain times that have made individuals increasingly uncertain about personal health, job security, paychecks and even whether the money they have in the accounts is safe and sound.

Fintech 236

Fintech Innovation Digital Banking FDIC 236

Gonzobanker

MAY 4, 2020

FIS/Zenmonics: FIS is quietly acquiring the remainder of Zenmonics following its 2018 minority investment into the provider of digital banking, origination and branch solutions that created the FIS Digital One solution. million fundraise including community bank participants Bank of St. customer impact.

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Fintech FDIC Capital Community Bank 109

PYMNTS

JUNE 14, 2019

Last year, Citizens Financial Group, which received consistently high marks in the Reputation.com study, launched Citizens Access , a nationwide, direct-to-consumer digital bank. Samy also explained how mobile is the key in creating an omnichannel banking experience. According to the latest Credit Union Tracker , a majority (59.5

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Retail Study Online Mobile 103

PYMNTS

MARCH 27, 2019

Peer-to-peer (P2P) may be the Trojan Horse that spurs a new payments landscape for banks and their clients — an onramp to innovation in financial services that represents, in a way, the (initial) digital banking transaction that keeps on giving. The Ubiquity Factor.

Innovation 154

Innovation Course Payments Examples 154

Independent Banker

MAY 26, 2016

Examples of financial institution payment innovations include the development and introduction of Electronic Funds Transfer systems, such as ACH and wire transfers, credit and debit cards, ATMs, online access to services beyond the branch and online bill payment services.

Community Bank 70

Community Bank Community Innovation System 70

Gonzobanker

MARCH 24, 2021

Executives at the financial institution who have responsibility for customer service, digital banking and retail sales have one perspective. Community banks and credit unions, in total, have 56 million. These execs have a very, very large voice in planning. If this is all the same person, she/he also has a bullhorn.

Customer Experience 128

Customer Experience Strategy Community ATM 128

Independent Banker

OCTOBER 29, 2014

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

Mobile 105

Mobile Community Bank Community Technology 105

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Jill is continually demonstrating just how loud a $300 million community bank can roar!

Idaho 170

Idaho Community Industry Strategy 170

Independent Banker

AUGUST 26, 2015

At some community banks, budgeting for technology has become a more important focus over the past several years. If the project is something that can make a bank more profitable in the short term or long term, the bank should make the purchase, whether it was budgeted for or not. State Bank and Trust Co.

Community Bank 70

Community Bank Community Management Maryland 70

PYMNTS

JANUARY 14, 2020

Average deposits in the consumer and community banking segment were up 5 percent. Specifically, he mentioned electronic payments and healthcare, where, for example, the company acquired Instamed in a space where a great majority of transactions, as much as 90 percent, are still done by check. Auto loans were unchanged at $83.5

Cards 131

Cards Data Training Community Bank 131

PYMNTS

JANUARY 14, 2020

Average deposits in the consumer and community banking segment were up 5 percent. Specifically, he mentioned electronic payments and healthcare, where, for example, the company acquired Instamed in a space where a great majority of transactions, as much as 90 percent, are still done by check. Auto loans were unchanged at $83.5

Cards 130

Cards Data Training Community Bank 130

PYMNTS

DECEMBER 30, 2020

PYMNTS recently spoke with Jesse Honigberg , technology chief of staff at community bank Cross River , to discuss how the U.S.-based Nations’ paths toward real-time payments ubiquity therefore depend on FIs, FinTechs and other players adopting these systems and then extending access to other such firms.

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System Payments Fintech User Experience 161

FICO

APRIL 21, 2020

Customers are looking for seamless, digital experiences and immediate results, whether they’re depositing a check or applying for a loan. Community banks need to take these concepts and move them into reality. Digital banking technologies are becoming more automated and less visible. But we can rebuild.

Community Bank 75

Community Bank Community Lending Fraud 75

PYMNTS

JUNE 6, 2019

Last year, JPMorgan Chase announced an initiative to open new bank branches in an effort to better address small businesses’ needs, sparking a conversation about what effect bank branch closures actually have on small businesses — and whether entrepreneurs even want physical bank locations at all.

Data 144

Data Meeting Regulation Management 144

PYMNTS

JUNE 2, 2020

Drilling down a bit into various FIs, she said that credit unions (CUs) have done well in making the leap toward financial services done in bits and bytes, and that community banks are still “coming along” in transitioning to the digital realm.

Payments 134

Payments Mobile Community Retail 134

PYMNTS

APRIL 1, 2019

They very naturally want to see those types of innovations incorporated into their banking relationships. For example, 49.1 There has been tremendous innovation in digital banking and faster payments — and I think we have a lot more feature functionality coming out of the digital space to come,” Lynch said.

Innovation 141

Innovation Fintech Fraud Security 141

Fintech Labs Insights

DECEMBER 5, 2016

For example, despite the importance of mobile (and desktop) functionality for website visitors, some banks, even major ones (Chase I’m looking at you), don’t bother to reinforce its features and benefits. US Bank has always been good at doing just that.

America 12

America Digital Banking Marketing Mobile 12

Fintech Labs Insights

OCTOBER 25, 2016

Redfin, for example, sends new homeowners an email suggesting they log in to the Owner’s Dashboard of their new property. In the example, the home value is up almost 15% since February. Banks should consider using similar language for their advanced digital banking services. ———-.

Ohio 12

Ohio Community Bank Community ATM 12

Gonzobanker

MARCH 5, 2019

And the API-driven control over technologically enabled customer engagement sincerely offers community banks a suite of capabilities that have historically only been accessible by super regional and mega banks developing custom solutions. The Conquerors.

San Francisco 97

San Francisco Conference Industry Community 97

South State Correspondent

OCTOBER 28, 2022

During the two weeks, there were over a hundred significant cyberattacks by nation-states on national and regional banks that you could watch unfold in near real-time (bel0w) at Gartner and Money 20/20. Any community bank that believes it can keep up and thwart millions of attacks per second is fooling itself.

Conference 195

Conference Technology Las Vegas Trends 195

Independent Banker

JULY 31, 2022

When Rockland Trust synced up with an ICBA ThinkTECH Accelerator grad to launch a virtual digital banking platform, it took relationships between the community bank and its customers to a whole new level. For Rockland Trust, a $20 billion-asset community bank in Rockland, Mass., By Colleen Morrison.

Innovation 91

Innovation Community Bank Video Community 91

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

System 195

System Data Examples Payments 195

CB Insights

FEBRUARY 20, 2020

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. As their original businesses have scaled and reached critical consumer mass, many have begun to move to a multi-line business model to “rebundle” the bank.

Fintech 80

Fintech US Lending Cards 80

South State Correspondent

APRIL 3, 2023

While there have always been problems in banks’ asset-liability models (ALM) and liquidity stress test models, the current environment exacerbates this problem. As a result, most banks are overestimating their liability sensitivity and, thus, their deposit value. This reduces the duration of these non-maturity deposits.

social media 195

social media Community Bank Analysis Training 195

Tech and Finance

JULY 13, 2016

The big banks ranked better across multiple segments, including the coveted millennials, emerging affluents, and minorities. This creates a challenge for regional banks that struggle to match the investment required to lead in mobile. The big banks’ advantage in technology is not new. Additional Resources.

Regional 28

Regional Mobile Millennials Study 28

Alex Jimenez

APRIL 7, 2024

Innovation Gap One of the continuing concerns I have by the lack of commitment for innovation in many banks is the growing gap between digital leaders and everyone else. When organizations go from trying to innovate to cost cutting to chase the latest shiny tech and back to innovation they won’t do any of these things well.

Innovation 87

Innovation Management Strategy America 87