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Community banks see value migrating to Finastra’s Fusion Phoenix modern, open core banking system

Bobsguide

Among the migrations recently completed or underway, banks are already seeing material results. Finastra announced that 27 community bank customers are working with Finastra to upgrade their legacy core banking solutions to Fusion Phoenix. This is in addition to 15 banks which went live last year.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

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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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

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Crossing the Mobile Divide

Independent Banker

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. Millennials, who will make up half the U.S.

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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

This year’s National Small Business Week , themed “SBA: Dream Big, Start Small,” will include special events in Atlanta, New York, Denver, Phoenix, San Jose, Oakland and Washington, D.C. As Federal Reserve Chair Janet Yellen said, it was small businesses that powered our recovery after the Great Recession.

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Education: By Popular Demand

Independent Banker

These in-depth and timely professional development programs are designed exclusively for community bankers and led by nationally recognized industry experts who know the issues community banks grapple with. Each certification course is designed to prepare bank professionals to handle essential tasks and responsibilities.

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Our Finest Hour

Jeff For Banks

Excess regulation and costs are driving weak competitors such as mortgage brokers out of the market. Large banks, that own a significant part of the banking market, move farther and farther from the customers. Can we have competitive products and delivery channels delivered with similar efficiency to the large banks?

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