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Why Automation is Key to Chesapeake Bank’s Innovation Strategy for 2019

Bank Innovation

Automation is the theme that best describes Chesapeake Bank’s innovation roadmap for 2019, Kevin Wood, managing director of the state-chartered community bank’s business lending division, Cash Flow, told Bank Innovation. “One

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Can Nontraditional Credit Analysis Be Community Banks’ Path to Profit?

The Financial Brand

Even before COVID socked the economy community banks and credit unions saw local loan demand falling. The post Can Nontraditional Credit Analysis Be Community Banks’ Path to Profit? Adapting a fintech technique may help. appeared first on The Financial Brand.

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How One Community Bank Built its Strategy from an ROA/ROE Analysis

The Financial Brand

With a niche focus, the bank concentrates on a few things it’s really good at that big banks can't touch and fintechs haven't pounced on. The post How One Community Bank Built its Strategy from an ROA/ROE Analysis appeared first on The Financial Brand.

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10 Big Bank Marketing Lessons from the ABA Bank Marketing Conference

South State Correspondent

Most banks will target around 6% of revenues next year for their marketing budget, and banks with strong brands and marketing programs target above 7%. There were two educational overviews to help bankers better understand the current state of crypto, blockchain, digital assets, and NFTs in banking.

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Why Square’s Expanding Ecosystem Threatens Banking’s Future

The Financial Brand

Fast-growing mega-fintech siphons small business loans and transactions from banks. The post Why Square’s Expanding Ecosystem Threatens Banking’s Future appeared first on The Financial Brand. ILC charter plus P2P could impact the consumer market.

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Why Square’s Expanding Ecosystem Threatens Banking’s Future

The Financial Brand

Fast-growing mega-fintech siphons small business loans and transactions from banks. The post Why Square’s Expanding Ecosystem Threatens Banking’s Future appeared first on The Financial Brand. ILC charter plus P2P could impact the consumer market.

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37 Corporate Innovation Labs In Finance

CB Insights

Notable projects: A blockchain mortgage lending application looks to harness the power of blockchain technology and apply it to the mortgage industry. It was rolled out in 2017 across The Netherlands, reducing mobile fraud in banks that use the service by roughly 30% since being launched.