PYMNTS

NOVEMBER 13, 2018

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge.

Community Bank 183

Community Bank Community Fintech Arizona 183

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. We urge you to make such legislation a priority.”. “We

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

APRIL 23, 2020

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. Fresno First Bank. LendingTree.

Fresno 142

Fresno Regional Fintech Lending 142

PYMNTS

JUNE 4, 2019

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou. Reports said the decision for EY to quit is the latest event to raise concerns over China’s community banking sector.

Regional 100

Regional Community Bank Community Policies 100

PYMNTS

JUNE 4, 2019

Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We PayFi said its RTP network is the first new core payments infrastructure in over 40 years. depository institutions.

Community Bank 120

Community Bank Payments Community Regional 120

Payments Source

MAY 29, 2019

Smaller banks are often not taking the extra step beyond traditional functions such as online bill pay, writes Alberto Hernandez, COO for the U.S. region at Valid.

Community Bank 64

Community Bank Community Regional Payments 64

South State Correspondent

FEBRUARY 20, 2022

Community banks refine their products and services to compete for better borrowing relationships – the better borrowing relationships are associated with better credit quality, meaningful cross-sell opportunities, acceptable margins and fee income, and higher return on equity (ROE). Why Banks Should Take Notice.

Community Bank 195

Community Bank Community Marketing Regional 195

PYMNTS

NOVEMBER 25, 2020

Today in B2B payments, Barclays debuts a corporate trade finance platform, and Adobe introduces B2B data capabilities on its real-time Customer Data Platform. Plus, Zact introduces its expense management solution, Monit adds new small business Banking-as-a-Service features and Plaid teams up with Jack Henry. 24) announcement.

Payments 229

Payments Data Management System 229

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. That's good news for community banks and credit unions, which could see a wave of new SMB customers and members in the coming months.

Community 193

Community Community Bank Regional Lending 193

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.” Bank engagement is a habit.

Marketing 195

Marketing Regional National Nashville 195

PYMNTS

JULY 10, 2020

Today, however, the banking challenge has largely been solved. Credit unions and regional or community banks have stepped in to fill the banking gap, making barriers to accessing much needed financial services lower than ever before for marijuana businesses. An Emerging Payments Influencer.

Innovation 210

Innovation Payments Tools Compliance 210

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.

Community 247

Community Community Bank Mobile Cards 247

South State Correspondent

SEPTEMBER 20, 2023

As you can see in the chart below, one major marker of cash management profitability is payments. ACH, Wire, real-time payments (RTP), and FedNow (as of July) alone drive almost 40% of the total cash management fee income at a bank. Client 2 needs cash management, particularly payment services.

Management 195

Management Survey Industry Community Bank 195

South State Correspondent

JANUARY 3, 2023

The lack of relationship between NIM and ROA results from the other factors that are more important to bank profitability, such as loan credit quality, loan size, and relationship value. These banks often have scale, efficiency, and a singular focus. The primary business location is a significant factor for top-performing banks.

Community Bank 221

Community Bank Community Data Marketing 221

South State Correspondent

DECEMBER 8, 2023

Banks are Investing in Core Modernization The amount of discussion and investment in upgrading and modernizing the core systems of financial institutions is picking up steam, as evidenced by the data below. Helping small businesses with their cash flow is currently the most significant arms race in banking.

Conference 195

Conference Retail Community Bank Technology 195

PYMNTS

DECEMBER 31, 2020

The demand for faster payments is growing as companies look for swift, data-rich ways to transact. One study from 2019 found that 54 percent of 120 financial executives listed real-time payments as one of the most impactful emerging technologies, for example. Banks and CUs have options for how they make these upgrades.

Payments 168

Payments Resources Survey Examples 168

PYMNTS

APRIL 16, 2020

Currencycloud is connecting regional banks to advanced FX and global payments technologies, while the firm’s founder, Nigel Verdon, is also targeting Banking-as-a-Service with his new startup, Railsbank. Currencycloud, Derivative Path Team for Bank FX Solutions. Funding Options Unlocks Data Across 20 Lenders.

Data 167

Data Lending Regional Fintech 167

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. What we have seen is digital becoming the new [bank] lobby during this pandemic,” he said.

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

JULY 16, 2020

To let financial institutions (FIs) and issuers provide an automated accounts payable (AP) solution with their own branding to their corporate customers, Regal Software has rolled out its RegalPay B2B payments software, according to an announcement.

Software 144

Software Community Bank Regional Resources 144

South State Correspondent

APRIL 19, 2023

Further, as more and more banks promote digital account opening and payments (like the forthcoming FedNow), these numbers are projected to shorten by another 10%+. We also want to note that a money market account’s performance is representative of a bank’s deposit base. The average life numbers shrink dramatically.

How To 195

How To Examples Resources Community Bank 195

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. This region has the kind of energy that draws people to a place and helps them and their businesses thrive. We spoke with four community banks in the southern half of Texas to learn how they are serving this buzzing region. By Mindy Charski.

Texas 182

Texas San Antonio Community Bank Community 182

South State Correspondent

AUGUST 8, 2022

Insights Based on 2Q Bank Earnings. Insight #1 – Deposit & Margin Management: Deposit runoff has started and will make it to community banks by October. For 2Q, larger community banks lost about 0.3% of their deposits, and small banks were either flat or continued to gain.

Trends 195

Trends Community Bank Community Retail 195

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%

Survey 112

Survey Community Bank Community Regional 112

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

Independent Banker

DECEMBER 31, 2021

They share tips for how community banks can get started. Social media has made it easier for community banks to nurture connections with prospects, customers and the community. You can say, here’s my budget, here are the parameters, add your payment method and hit go.”. By Amy Geist. What is paid social?

Marketing Strategies 91

Marketing Strategies Strategy Marketing social media 91

PYMNTS

NOVEMBER 2, 2020

After all, what counts as a bank or not is a little bit different in India than it is in the United States, he said. Agashe said the 50,000 very small community banks and credit unions (CUs) spread throughout India’s rural regions don’t count as “banks” in the official tally. What’s On The Road Ahead.

Fintech 210

Fintech ATM Community Bank Cards 210

PYMNTS

JULY 30, 2020

In separate news, Regal Software launched its RegalPay B2B payments software in July to allow financial institutions (FIs) and issuers to offer their corporate customers an automated AP technology that carries their own branding.

Software 151

Software Community Bank Management Regional 151

PYMNTS

MARCH 12, 2020

Among the new features is an open application programming interface (API) designed to address the variety of formats that FIs use to provide payment data. The regional bank also noted growing interest among smaller FIs to embrace the bank-FinTech collaboration trend. Hawthorn River Eyes Open Banking for Community FIs.

Lending 194

Lending Risk Management Fintech Community 194

PYMNTS

APRIL 16, 2019

Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region. Bowman remarked at an event, held at the Federal Reserve Bank of San Francisco, that the Fed could foster collaborative action between those smaller banks and FinTech firms.

Fintech 211

Fintech San Francisco National Innovation 211

PYMNTS

DECEMBER 14, 2017

Today, it is a must-have for financial institutions (FIs) — that is, if they want their payment products to be the first one for which customers reach at the point of sale, whether physical or digital. The Bank Innovation Readiness Index , in collaboration with payments solutions provider i2c , provides evidence to back that up.

Innovation 162

Innovation Branding Payments Survey 162

South State Correspondent

MARCH 16, 2022

One element that many commercial banks attempt to differentiate with borrowers is the prepayment provision (or sometimes the lack of one). Many community banks will market their fixed rate loans based on the simplicity of the prepayment provision, and this starts by understanding the value that each provision creates.

How To 195

How To Community Bank Community National 195

PYMNTS

JANUARY 18, 2019

The solution will augment MineralTree’s existing solution set, which includes invoice data capture and management, payment approval and execution. People are interested in driving more payments onto their commercial cards, for obvious reasons,” MineralTree CEO BC Krishna told PYMNTS at the time.

Cards 138

Cards Community Bank Tools Regional 138

Let's Talk Payments

JUNE 11, 2017

The story of FinTech surrounds the predicament in which today’s banks find themselves, acutely felt by regional and community banks. Many discussions on the topic will include a lengthy back-and-forth.

Fintech 95

Fintech Community Bank Regional Community 95

PYMNTS

MARCH 11, 2019

With a permissioned blockchain network , services can be shared between credit unions, which could improve identification authentication and compliance surrounding regulations, know your customer, lending and payments. Under the plan, credit union members would be able to access the CULedger via a digital credential dubbed MyCUID.

blockchain 160

blockchain Regulation Community Bank Regional 160

Independent Banker

SEPTEMBER 30, 2021

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities.

Community Bank 91

Community Bank Community Milwaukee Jacksonville 91

PYMNTS

MAY 3, 2018

The company’s 2018 PACE (Performance Against Customer Expectations) Report, published on Wednesday (May 2), found large financial institutions (FIs) are vulnerable to losing their small business customers, which tend to experience greater satisfaction levels at regional and community banks. and more in the U.K.,

US 100

US Community Bank Community Survey 100

South State Correspondent

JANUARY 4, 2023

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. of the banking market, according to Statista Research.

Community Bank 195

Community Bank Capital Training Lending 195