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Why community banks should partner with fintechs

Independent Banker

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

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Clear Mountain Bank reaches new heights

Independent Banker

An event at EMS in June brought together (L–R) Clear Mountain Bank president/CEO Dave Thomas, ICBA president Rebeca Romero Rainey, FHLBank Pittsburgh president/CEO Winthrop Watson, and Tim Critchfield, EMS owner/president. Name: Clear Mountain Bank. In 2021, the bank was named West Virginia Community Lender of the Year.

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Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

The Clearing House’s RTP finds expansion within the community bank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. PYMNTS explores these stories and others in this week’s Payment Rail Innovation Tracker. RTP Gains Community Bank Traction.

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

With peer-to-peer (P2P) payment services, such as Venmo that offer instant payments, becoming a real option for eCommerce consumers, banks face some competition for their traditional payment offerings. To help drive innovation, 25.5 About a third — or 33.2 percent — of payments executives are focused on real-time payments.

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2021’s Best Community Banks to Work For

Independent Banker

We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example. Key Community Bank. At the heart of Key Community Bank’s work culture is connection. Greg Dennis, Key Community Bank. “We

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Rebeca Romero Rainey: We flourish in times of change

Independent Banker

To drive payments innovation. Expanding access to real-time payments will incite innovation and ensure a cohesive market. I will be meeting with the Council of State Community Bank Associations and then gathering with ICBA leadership bankers at our fall meetings in West Virginia. Where I’ll be this month.

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Digital Disruption

Independent Banker

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.