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Super apps: The rise of an all-in-one platform

Independent Banker

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. billion users.

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Strategies for fighting remote authentication fraud

Independent Banker

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Online U.S. By Elizabeth Judd. New account fraud.

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How to navigate payments trends

Independent Banker

The payments space can be dizzying for even the most enterprising community bank. Banking-as-a-service (BaaS). Central bank digital currency (CBDC). The financial services industry is acting on this digital demand, incorporating fintech solutions, instant payments offerings and crypto banking products.

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Now is the time to prepare for the FedNow launch

Independent Banker

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics.

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Lender Life

Independent Banker

Robust online mortgage websites embrace today’s lending challenges as well as consumer needs. When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I Hubs of Opportunity.

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Wearable Wonder

Independent Banker

By connecting to the Apple Watch in October, the $580 million-asset community bank became the first in Oklahoma to let customers carry their bank on their arm. Community banks must improve their customers’ mobile banking experience to remain competitive with national banks,” says Roberts, who directly helped develop the app.

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Game On

Independent Banker

Likewise, LinkedIn, with more than 400 million users of its online professional networking site, has transformed the chore of building career success into something that is pleasant, if not entertaining, to do. Dan Latimore, senior vice president and leader of the banking practice at Celent, an international financial consulting firm, agrees.