Independent Banker

FEBRUARY 1, 2022

This year, an overwhelming amount of industry and media attention has been focused on sky-high neobank valuations, big tech’s continued foray into banking, and emerging finance trends, like buy-now-pay-later and the growing cryptocurrency market. 44% of consumers and 57% of businesses expect online account opening from their FI.

Community Bank 103

Community Bank Community Trends Industry 103

PYMNTS

JUNE 25, 2019

Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said. Its takeover of Seed strengthens its position in the small business FinTech market.

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Community Bank Community Digital Banking FDIC 116

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

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Community Bank Community Millennials Regulation 157

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

SEPTEMBER 23, 2016

22) it launched a new app dubbed Business Banking Mobile. The app will enable community financial institutions (CFIs) to compete with larger financial institutions by providing their business banking customers with iOS and Android access to this secure and easy-to-use account management platform.

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El Paso Community Bank Community Mobile 100

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? Many players in the financial services market were already launching innovative solutions without knowing which guidelines the Fed would recommend for the U.S. faster payments system. faster payment system. When ‘Wait And See’ Won’t Cut It Anymore.

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Community Bank Community Innovation Millennials 116

BankInovation

JULY 9, 2020

People’s Community Bank, a $300 million institution near of Madison, Wis.,

Community Bank 64

Community Bank Community Marketing Customer Experience 64

PYMNTS

DECEMBER 7, 2018

Community Bank of the Bay. Community First Credit Union (OH). Evans Bank. Federated Bank. First Bank of Boaz. First National Bank of Milaca. Grand Savings Bank. Greater Cleveland Community Credit Union. Greenleaf Wayside Bank. Hometown Community Banks. Success Bank.

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Google Mobile Cleveland Iowa 130

Independent Banker

OCTOBER 29, 2014

Finding the right place, at the right pace in a volatile and uncertain mobile marketplace. Large banks and nonbanks, merchants and technology companies are pressing to solidify their inroads into the financial transaction business. Research and everyday observation show how consumers are increasingly using mobile technologies.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

AUGUST 8, 2018

As mobile commerce and apps become more sophisticated (cooler, perhaps), it can be easy to look down on the contribution of banks to this expanding digital ecosystem. Banks, after all, are virtually ancient, and represent something older than even the rotary phone. Customer Relationships. Of course, trust goes only so far.

Mobile 102

Mobile Fintech Community Bank Security 102

PYMNTS

APRIL 12, 2019

As had been widely expected, trading and markets revenue was down double digits, by 12 percent to $6.6 In supplemental materials provided along with earnings, JPMorgan said its consumer and community banking unit logged net income of $4 billion, which was up 19 percent year over year. percent from 3.32 percent last year.

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Mobile United States Cards Community Bank 108

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

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Community Community Bank Mobile Cards 247

ABA Community Banking

OCTOBER 21, 2019

From simplified 10-step online account openings, to value-added robo-advising, to “certified digital bankers,” OceanFirst Bank delivers a new community banking experience. The post How One Community Bank Is Reinventing CX for the Digital Age appeared first on ABA Banking Journal.

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Community Bank Community Online Customer Experience 49

Independent Banker

FEBRUARY 24, 2016

You recognize one of today’s most prominent technology dilemmas for community banks: It’s the great mobile divide. It’s where older, profitable customers have been slower to adopt new banking technologies that not-yet-profitable millennials pick up quickly and easily. By Paul Schaus. that processed $1.3

Mobile 70

Mobile Millennials Community Bank Community 70

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. based Sunrise Banks, a $1.1 trillion by 2022. Paul, Minn.-based

Cards 128

Cards Community Bank Community New York 128

Independent Banker

NOVEMBER 30, 2022

Across the world, people are using super apps to send messages, purchase tickets and, of course, bank online. What are they, and how can community banks stay on top of this trend? Super apps, or apps that aggregate online or mobile user experiences into one central location, have taken off globally. By Colleen Morrison.

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Community Bank Community Maryland Data 91

PYMNTS

MARCH 28, 2019

“Through this collaboration, ICBA Bancard continues to push the innovation envelope with solutions that are focused on delivering the very best products to community banks and their customers.”. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients.

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Community Bank Community Lending Cards 190

South State Correspondent

APRIL 19, 2023

In this article, we will look at deposit performance data related to high balances and show how banks can dramatically increase value by restructuring relationship-based products and better-allocating marketing/sales dollars more efficiently. This is over three times the life of a money market account that is over $1mm in balances.

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How To Examples Resources Community Bank 195

Gonzobanker

APRIL 25, 2024

Once upon a time, First Southern Farmers, Merchants & Community Bank & Trust (or FSFMCBT, for short), a community bank in Anytown, USA, was renowned for its neighborly charm. When Calvin DoRight founded the bank in 1948, delivering exceptional customer service was his dream.

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System Training Community Bank Management 134

PYMNTS

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. That brings [smaller] banks an immediate string of deposits,” Good said.

Community Bank 116

Community Bank Community Operations Leadership 116

PYMNTS

APRIL 29, 2019

Retail Banking Satisfaction Study , retail banking was declared to have bounced back reputation-wise over the past decade, due to improvements in customer service spurred by innovations like mobile banking. In 2018, it took longer to bring new features to market than in prior years. Community banks (45.6

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Fintech Innovation Community Bank Study 193

PYMNTS

AUGUST 9, 2020

The release says the app will also come with features like real time notification and fully mobile use, which can be found from most challenger banks. Agora Services also debuted a new service to offer banking for children. Community banks have been working to innovate through collaborations with FinTechs.

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Tools Community Bank Community Taxes 168

PYMNTS

OCTOBER 4, 2019

Last year , Finastra acquired Malauzai , a provider of mobile and internet banking solutions for community financial institutions (FIs). retail and business banking sectors by further enabling digital transformation for community banks and credit unions around the U.S. based customers.

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Fintech Community Bank Community Leadership 197

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Revenues were $26.2 million and 29.3

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Cards Mobile Community Bank Conference 109

PYMNTS

JULY 14, 2017

The firm showed traction in its loan book, mobile efforts and credit card portfolio. bank (as measured by its asset base) beat Wall Street expectations. consumer remains healthy, evidenced in our strong underlying performance in Consumer & Community Banking. The headline numbers showed the largest U.S.

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Cards Mobile Community Bank Conference 109

South State Correspondent

JANUARY 4, 2023

In addition, with the threat of a recession and dramatically increasing cost of funds, there is a solid argument to be made that banks should be shrinking rather than growing. That said, smart banks will make growth a byproduct and ensure they have all their other processes right. Then there is credit.

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Community Bank Capital Training Lending 195

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. Name: Locality Bank. Keith Costello, Locality Bank. “We

Florida 91

Florida Community Bank Community FDIC 91

Independent Banker

AUGUST 31, 2022

Social payments methods like Venmo and Cash App continue to grow in popularity, and the data is there to prove it, creating an opportunity to give customers what they want: 24/7 access to cashless, P2P and mobile transactions. So how do social payments fit in community banks’ long-term future? DJ Seeterlin, Chesapeake Bank.

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Capital Payments social media Community Bank 94

PYMNTS

DECEMBER 27, 2019

With regulations surrounding data ownership, privacy and open banking now in full swing in multiple markets around the globe, opening up account data is now a requirement for many financial institutions (FIs). This past year, however, the open banking model flexed its muscles in markets like the U.S., In the U.S.,

Community Bank 132

Community Bank Fintech Data Community 132

PYMNTS

FEBRUARY 2, 2020

People can bid on businesses to invest in for no fees using the SMBX mobile app or website. Paperwork is handled by SMBX, as well as the marketing of fixed-interest bonds and the hosting of bond auctions. When small business are looking for capital, community banks are often a good place to start.

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Community Community Bank Capital Marketing 130

PYMNTS

OCTOBER 4, 2019

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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Lending Community Bank US Community 152

Independent Banker

JULY 31, 2022

The Social Bankers, a collective of community bank marketers, offers inspiration, information and professional development advice to community bankers focused on marketing and social media. And that means it can be a challenge to keep up with the latest trends in social media marketing. By Julie Kendrick.

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social media Trends Community Groups 224

South State Correspondent

NOVEMBER 27, 2022

The French Deposit Defense stops a bank from executing a deposit promotion in a local market. Let’s say Bank A comes out with a 2.00% money market account, which is substantially above the current market average of 25 basis points (current money market promotions HERE ). The Coup de Grâce.

Management 195

Management social media Marketing Strategy 195

PYMNTS

MARCH 11, 2020

From cash and coins to mobile wallets to wearables … to invisible payments. So you’re talking about the ability to pay with your mobile phone or device and have it actually be contactless. Making the necessary investments is especially challenging for smaller community banks and credit unions (CUs), Good maintained.

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Payments Mobile Trends Apple 259

Independent Banker

OCTOBER 31, 2021

“I’m not sure how we would have processed all of the PPP loans and everything else in the last 18 months without some of the technology that we have implemented,” says Chris Jundt, senior vice president and chief lending officer at First State Bank & Trust. Northpointe Bank in Grand Rapids, Mich., Cashing in on efficiencies.

Lending 91

Lending Community Bank Community North Dakota 91

PYMNTS

JULY 31, 2017

. -14% of SMEs using a large global bank have switched providers in the last year, while even more told FIS they are considering doing so in the next year. and Europe are looking at switching banks to access more high-tech services, like faster payment capabilities. -48%

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Survey Community Bank Community Regional 112

PYMNTS

SEPTEMBER 26, 2019

That’s according to PYMNTS’ latest Credit Union Tracker , which pointed to consumers’ rising demands for mobile-friendly platforms and faster payments services. Take the legal hemp and marijuana market, for example. As CUs address the need for high-tech and more personalized services, their opportunities with SMBs are similarly vast.

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Lending Community Bank Community Fintech 108