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7 ways community banks can boost profitability

Independent Banker

Here’s what community bankers need to know when planning their budgets for the next year. of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. Here are seven factors community banks should consider as they enter budgeting season.

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The Death of the Community Bank

Jeff For Banks

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Prediction: The General Bank will become extinct. Much like competitors nip at community banks' customers. Eighteen percent of that group opened an account at a digital bank. Result: Mixed.

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Lindsay LaNore: Strategic training initiatives

Independent Banker

Aligning these factors is critical to a community bank’s success, and a great way to start doing that is by ensuring your professional development programs support your strategic goals. Yes, it’s essential to satisfy annual training requirements but, as one CEO recently remarked, we need to grow our own community bank leaders.

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Vista Looks To Sell Huge Stake In Finastra FinTech

PYMNTS

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. based customers.

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Wintrust, NCR Team For Digital First Banking

PYMNTS

Wintrust Financial Corporation has selected global enterprise technology provider NCR Corporation to provide its new digital-first banking platform, according to a press release. We have chosen NCR to partner with to maintain our commitment to our customers to deliver the latest digital capabilities in the marketplace.”. “To

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Community Bank Builds Future on ‘Banking as a Service’ & Google Plex

The Financial Brand

21 deals with neobanks and fintechs like Aspiration, Ellevest and Greenwood sent a community bank down an unexpected (and profitable) path. The post Community Bank Builds Future on ‘Banking as a Service’ & Google Plex appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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How One Community Bank is Reinventing Itself for Future Relevance

The Financial Brand

Building up digital capabilities and tapping partnerships with fintechs with special expertise can breathe new life into traditional banking. The post How One Community Bank is Reinventing Itself for Future Relevance appeared first on The Financial Brand.