Jeff For Banks

APRIL 4, 2024

Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

Independent Banker

OCTOBER 1, 2022

By identifying the preferred banking and spending habits of different generations, scammers can tailor how they reach their targets. We look at community banks’ options for fighting this type of crime. Reports about fraud losses: Millennials vs. people 40+. Millennials. By Katie Kuehner-Hebert. Baby boomers.

Fraud 133

Fraud social media Millennials Examples 133

PYMNTS

AUGUST 21, 2020

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. It’s a story told by the data itself, Lesher said. Square announced $1.3

Cards 224

Cards Mobile Community Bank Community 224

Independent Banker

OCTOBER 29, 2014

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

Millennials 110

Millennials Community Bank social media Community 110

ABA Community Banking

DECEMBER 4, 2019

As one of the country's generation of young bank CEOs, and one whose professional background is in risk management and regulatory compliance, Clayton Legear shares his unique outlook in the latest episode of the ABA Banking Journal Podcast.

Risk Management 95

Risk Management Management Compliance Leadership 95

Independent Banker

NOVEMBER 13, 2014

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

Millennials 87

Millennials Community Bank social media Community 87

Independent Banker

FEBRUARY 24, 2016

How millennials will accelerate innovation and technology change. You recognize one of today’s most prominent technology dilemmas for community banks: It’s the great mobile divide. Millennials, who will make up half the U.S. Millennials, who will make up half the U.S. By Paul Schaus. that processed $1.3

Mobile 70

Mobile Millennials Community Bank Community 70

Independent Banker

JUNE 30, 2022

As house prices skyrocket, student loan debt grows and wages stagnate, many Gen Zers and millennials are watching their homebuying dreams move out of reach. But there are ways community banks can help mortgage-seekers get on the property ladder. So how can community banks help? By Beth Mattson-Teig.

Community Bank 143

Community Bank Community Millennials Resources 143

Independent Banker

MARCH 15, 2015

Texting millennials enters their private zone. Ask permission before texting or emailing them, and don’t abuse the privilege of your direct access with over-communication. Millennials want to be acknowledged. But do community banks know the unwritten rules of successfully engaging with millennials?

Millennials 70

Millennials Community Bank Community social media 70

Independent Banker

FEBRUARY 24, 2015

Texting millennials enters their private zone. Ask permission before texting or emailing them, and don’t abuse the privilege of your direct access with over-communication. Millennials want to be acknowledged. But do community banks know the unwritten rules of successfully engaging with millennials?

Millennials 70

Millennials Community Bank Community social media 70

Abrigo

FEBRUARY 3, 2017

By Eric Baxley, Chief Marketing Officer, Sageworks Since my last post , I’ve continued to meet with our banks and credit union clients across the country, and some common themes surfaced in the conversations. Understand and meet the desires of millennial borrowers, who will constitute 75 percent of the workforce by 2025.

Lending 150

Lending Community Bank Meeting Community 150

PYMNTS

JULY 25, 2017

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). There are currently 13,000 community banks in the U.S.,

Lending 100

Lending Community Bank Millennials Community 100

PYMNTS

OCTOBER 27, 2017

“Why switch from Wells [Fargo] to Bank of America when you’re getting essentially the same experience?” As the demographics of entrepreneurs and freelancers continue to shift toward millennials and younger professionals, Merritt told PYMNTS that dissatisfaction with traditional FIs is likely to persist. he recently said.

Community Bank 103

Community Bank Community Survey Millennials 103

Gonzobanker

APRIL 3, 2019

It’s not a “Millennial thing.” Rework management accounting and resource allocations to reflect real production value instead of traditional profits and losses, which often treat marketing, contact centers and information technology as cost centers. About one-third of community banks are planning to add or replace this technology.

social media 108

social media Exercises Millennials Training 108

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. A relationship-based, community focus in a digital world. Credit Risk Management. SBA Lending.

Lending 259

Lending Community San Antonio Survey 259

Independent Banker

OCTOBER 29, 2014

But how far are they willing to go to do their banking on small mobile devices? A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. s entry into the payments business with Apple Pay. Ed Bachelder, payments consultant.

Mobile 105

Mobile Community Bank Community Technology 105

Independent Banker

NOVEMBER 25, 2015

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.

Community Bank 70

Community Bank Community Analytics Lending 70

Jeff For Banks

FEBRUARY 20, 2016

The community bank takes deposits from your community, and then lends into your community, with decision makers based here , where the financial institution's employees live, work, and volunteer. Farm Credit, particularly in rural markets, are a significant threat to community banks. More aggressive testing.

Conference 60

Conference Community National Millennials 60

PYMNTS

MAY 31, 2017

Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. Owning and managing your own fleet is pretty expensive,” said Cullen, especially given “the increasing compliance burden.”. Then, of course, Windows 10 is coming as well.

ATM 100

ATM Millennials Cards Management 100

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing.

Community 195

Community Lending Maine Resources 195

Abrigo

MAY 11, 2020

Banking technology has long been associated with the preferences of Millennials , or Gen Z, but Dave Koch, Managing Director of Advisory Services at Abrigo, says that some institutions might have boxed themselves in with that narrow way of thinking. Manage PPP loans through forgiveness. learn more. Learn More.

US 195

US Lending Community Technology 195

Abrigo

SEPTEMBER 2, 2020

The PPP might have been the first time many community financial institutions saw such clear returns on digitization investments, but the same automation and efficiency gains can be found in other end-to-end lending solutions. A relationship-based, community focus in a digital world. Credit Risk Management. SBA Lending.

Lending 195

Lending Community San Antonio Survey 195

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

Independent Banker

JANUARY 26, 2016

ICBA has planned an educational lineup of more than 60 workshops and networking sessions for next month’s Community Banking LIVE conference in New Orleans. Community banks can beat tech-based, nontraditional competitors at their own game. billion-asset community bank in Winter Haven, Fla., Digital Jujitsu.

Community Bank 70

Community Bank Community San Diego Strategy 70

NCR

MAY 9, 2017

Most community banks and credit unions have only one app, their banking transaction app. Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

Independent Banker

AUGUST 26, 2015

Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. Easier access and affordability of digital signature creates an opportunity for growth-oriented, competitive community banks.

Community Bank 70

Community Bank Minneapolis Community Online 70

Independent Banker

JUNE 30, 2022

If community banks put in the effort to foster a sense of belonging, the result is a stronger workplace culture, greater employee loyalty and, ultimately, a better experience for customers. So, how can community banks build truly inclusive cultures, where everyone feels like they belong? Misti Stanton, Mercantile Bank.

Community Bank 91

Community Bank Community Leadership Millennials 91

Independent Banker

AUGUST 9, 2016

Banking customers are no different. Statistics are especially compelling for those trying to attract and maintain the millennial segment. But offering a rewards program alone will not make a bank unique or successful. They should also consider the connection to and impact on their brand.

Community 70

Community Millennials Community Bank America 70

PYMNTS

OCTOBER 18, 2017

With a more modern and agile IT infrastructure in place, a small bank can examine how to manage compliance while fostering better user experiences in a low-cost operating environment, Wain explained. Banks can isolate pain points and solve them with configurability. Here lie additional avenues for innovation, Wain said.

Innovation 140

Innovation Compliance Community Bank Strategy 140

Banking 2020

NOVEMBER 27, 2015

That’s why digital capabilities have revolutionized every industry from retail and healthcare to banking—if the same services can be had from half a world away, and for a lower cost, why not avail of them? No one understands this trend better than those pesky millennials. This represents major shift in preferences.

Millennials 40

Millennials Survey social media Online 40

FICO

FEBRUARY 5, 2021

And every institution would try to cross-sell their way into larger, more profitable products (personal loans, mortgage, wealth management, etc.). Nearly half (47%) of Millennials and a little more than a third (36%) of Gen Zers and Gen Xers engage in shadow financial activities. But that doesn’t mean banks can’t still provide value.

Millennials 52

Millennials social media Fintech Examples 52

ForwardBanker

MAY 17, 2018

As anyone in banking will tell you, the days of free-wheeling deposit growth for community banks are grinding to a halt. A coffer filled to the brim with low-cost deposits … ah, those were the days. The reason? The Federal Reserve made good on its promise to raise rates in 2016, and more are coming.

Retail 36

Retail Community Bank Community Branding 36

ZootBlog

NOVEMBER 11, 2015

So what does this have to do with banking? In today’s environment, as banks manage increased regulation and competition from industry outsiders, they must operate in the same fashion. Banks have to put themselves in competition-type scenarios so they can deliver a superior performance when it counts. Everything.

Innovation 60

Innovation Fintech social media Knowledge Base 60

Gonzobanker

JUNE 3, 2015

One of the challenges we see facing managers is that when they are done dealing with daily issues, regulatory changes and fraud/loss challenges, all of which is never-ending and important, there’s just not a lot of energy and time left to dig into the detail of industry innovation. So, has the bank put these two things together?

Management 60

Management Examples Lending Conference 60

ForwardBanker

MAY 17, 2018

As anyone in banking will tell you, the days of free-wheeling deposit growth for community banks are grinding to a halt. A coffer filled to the brim with low-cost deposits … ah, those were the days. The reason? The Federal Reserve made good on its promise to raise rates, and more are coming down the.

Retail 28

Retail Community Bank Community Branding 28

Jeff For Banks

MAY 31, 2017

The red: millennials. And when my friend and fellow bank consultant Mary Beth Sullivan from Capital Performance Group in DC shared the post in the below pic on LinkedIn, it stirred a spirited rebuttal. But, as our current strategy execution stands, there is much work to be done. The green bar was all respondents.

Branch Strategies 60

Branch Strategies DC Groups Fintech 60

William Mills

MAY 11, 2016

CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. ^KT. Here’s another solution for document management and origination. ^SR. It’s all done through the smartphone, with bank-level security. David Carr (Innovation Manager). That’s new.

Video 40

Video Mobile social media Analytics 40