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Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). ” Fiserv, FIS and Jack Henry have secured 90 percent of U.S.

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Now is a prime time for digital account opening

Independent Banker

How Americans bank has been changing for years, including how they start their banking relationships. Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. billion-asset IncredibleBank in Wausau, Wis.

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How to collect positive customer reviews

Independent Banker

Customers do their due diligence to make decisions that are important to them, especially their financial security. Community banks need to pay attention to what’s being said about them in those spaces. Northpointe Bank, based in Grand Rapids, Mich., Quick Stat. Source: Bright Local. Where to look for reviews. But the $3.9

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4 tips for better vendor management

Independent Banker

Community banks use dozens or even hundreds of vendors—making it critical that they have an efficient way to stay compliant, track performance and more. Some banks are using a combination of software and internal personnel and systems to do just that. billion-asset 1st Security Bank of Washington in Mountlake Terrace, Wash.,

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Will "Plain Vanilla" Kill Community Banking?

Jeff For Banks

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. Is the premise that doing "plain vanilla" banking acceptable? So will continuing to operate "as is" work infinitum? I hear and read this often. I doubt it.

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Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital Payment Providers Open Systems To Rivals

PYMNTS

It didn’t name Apple or Apple Pay specifically, but it impacts all digital payment operators. Securities and Exchange Commission (SEC) is reportedly looking into WeWork to see if the embattled firm went against financial rules while it was gearing up for its initial public offering (IPO). SEC Probes WeWork For Potential IPO Violations.

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Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

Nasdaq: OSBC) Old Second is a single-bank holding company headquartered in Aurora, Illinois. billion of assets and operates twenty five branches in the western suburbs of Chicago. The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Summit also operates an insurance subsidiary.