Remove Community Bank Remove Digital Banking Remove Fintech Remove Millennials
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The Impact of Mobile Card Apps On FI Customer Retention

PYMNTS

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.

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How Small FIs’ SMB Lending Journeys Nudge The US Toward Open Banking

PYMNTS

For community banks and credit unions, their physical proximity to the small businesses they’re servicing is often pointed out as a major advantage these smaller players hold over the big banks, enabling these FIs to develop deeper relationships with their small to medium-size business (SMB) clients, anticipate their needs and establish trust.

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How Banks Can Stay More Connected Like Amazon

Gonzobanker

It’s not a “Millennial thing.” According to Cornerstone Advisors research , digital account opening is the leading technology being replaced right now. About one-third of community banks are planning to add or replace this technology. Consider fintech partnerships that offer digital delivery.

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Banks Should Be Optimistic About Their Fintech Future

American Banker

Contrary to doom-and-gloom attitudes of some about banks' ability to compete for millennials' business, the industry will build on its history of innovation to meet the technology needs of future customers.

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How To Compete With Banks: Start With First Principles

PYMNTS

It’s a fair question today, particularly as we observe the blurring of the lines between traditional banks, Big Tech and FinTechs — and as we contemplate the impact that the blurring of the digital and physical worlds has on consumers’ expectations and customer service paradigms. Seven percent (7.4) percent) or PayPal (3.2

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Three Ways to Think Less Like a Bank, More Like a Startup

American Banker

Banks can borrow some of the best practices from mobile-first fintech firms in order to compete with startups for millennials.

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Biggest Mistake in Digital Strategy Is Forgetting Client Relationships

American Banker

Digital tools improve a bank's traditional sales process, but relationship-based banking is still a huge factor in winning over millennial customers.