Independent Banker

OCTOBER 29, 2014

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

Millennials 110

Millennials Community Bank social media Community 110

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. A relationship-based, community focus in a digital world. learn more.

Lending 195

Lending Community San Antonio Survey 195

Independent Banker

OCTOBER 1, 2022

By identifying the preferred banking and spending habits of different generations, scammers can tailor how they reach their targets. We look at community banks’ options for fighting this type of crime. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud. Millennials.

Fraud 133

Fraud social media Millennials Examples 133

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. or largely focused on the domestic banking market. So here’s your head start on finding some banking podcasts that might work for you. Banking Transformed 2. Banking with Interest 4.

Community 195

Community Lending Maine Resources 195

Independent Banker

NOVEMBER 13, 2014

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

Millennials 87

Millennials Community Bank social media Community 87

Independent Banker

OCTOBER 29, 2014

Research and everyday observation show how consumers are increasingly using mobile technologies. But how far are they willing to go to do their banking on small mobile devices? Tying community bank relationships with mobile banking is like peanut butter and jelly—it adds lots of stickiness and feeds the relationship.”. —Ed

Mobile 105

Mobile Community Bank Community Technology 105

Independent Banker

JANUARY 26, 2016

ICBA has planned an educational lineup of more than 60 workshops and networking sessions for next month’s Community Banking LIVE conference in New Orleans. Community banks can beat tech-based, nontraditional competitors at their own game. billion-asset community bank in Winter Haven, Fla., Digital Jujitsu.

Community Bank 70

Community Bank Community San Diego Strategy 70

Jack Henry

DECEMBER 11, 2019

With more than 203 million daily active users, Snapchat has taken over the way we communicate. 1 When meeting someone new, the majority of Millennials and Gen Zers ask for a person’s Snapchat rather than a phone number. bank account has access to P2P payments via Zelle right in their mobile banking app.

Payments 109

Payments Millennials Video Meeting 109

Independent Banker

AUGUST 26, 2015

Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. Easier access and affordability of digital signature creates an opportunity for growth-oriented, competitive community banks.

Community Bank 70

Community Bank Minneapolis Community Online 70

Long Lasting Ideas

JANUARY 5, 2015

But how do we attract a generation that communicates phone-to-phone and text to text, not face to face? Believe it or not, this is a slice of the market that in some cases has never opened the doors of a bricks-and-mortar branch bank or learned how to write a check. Offer millennials the human touch.

Marketing 40

Marketing Millennials Community Bank social media 40

PYMNTS

MAY 31, 2017

That brings up some questions for banks: What are the opportunities for banks with debit, and with branches, and even with ATMs? In short, how to tangibly capitalize on the tangible? In an interview with PYMNTS’ Karen Webster, Troy Cullen, president of Elan Financial at U.S.

ATM 100

ATM Millennials Cards Management 100

PYMNTS

JUNE 24, 2019

but not all financial players agree on how to achieve it, especially within that timeframe. The Clearing House, a banking association, launched its Real-Time Payments (RTP) network in November 2017. According to an earlier Faster Payments Tracker , it was projected that more than 56 real-time payment rails will be live by 2020.

Payments 162

Payments System Millennials Community Bank 162

PYMNTS

OCTOBER 18, 2017

With a more modern and agile IT infrastructure in place, a small bank can examine how to manage compliance while fostering better user experiences in a low-cost operating environment, Wain explained. Banks can isolate pain points and solve them with configurability. Here lie additional avenues for innovation, Wain said.

Innovation 140

Innovation Compliance Community Bank Strategy 140

Long Lasting Ideas

FEBRUARY 23, 2016

These are ideas that shatter the notions of conventional bank marketing: Have a little fun at the expense of your competitors: One major bank brand uses green bicycles and a marching band to pump up its brand. It’s a creative way to communicate the idea of building wealth more quickly and creatively. Hit the shot, win a car.

Branding 40

Branding Alabama Community ATM 40

PYMNTS

MARCH 9, 2020

Nearly every single consumer uses an institution that provides all of those services as their primary bank. Ninety-two percent of consumers count their primary bank as either a national bank, regional/community bank or credit union. of consumers report that their primary bank is a digital-only bank (4.2

How To 232

How To Millennials ATM Fintech 232

FICO

FEBRUARY 5, 2021

Nearly half (47%) of Millennials and a little more than a third (36%) of Gen Zers and Gen Xers engage in shadow financial activities. Fintech startups don’t appear to be gaining market share because their growth isn’t captured in government reporting; their partner banks are the ones reporting. How to Respond? You’re too young!

Millennials 52

Millennials social media Fintech Examples 52

William Mills

MAY 11, 2016

Managing cash flow – targeted at small business in partnership with banks. Credit HQ helps demonstrate to a small business how to start trading. In 2015, 70% of customers preferred to open bank accounts through mobile channels. Fiserv is meeting that need for FIs and millennials. Karl Falk (CEO). That’s new.

Video 40

Video Mobile social media Analytics 40

Gonzobanker

JUNE 3, 2015

Then, there needs to be a more formal process and mechanism to decide when/how to respond. Conferences, vendors, research groups and snotty consultants are all good sources of information, but it is the bank that is accountable for translating that into a response. How do our wealthiest customers manage their money? Then repeat.

Management 60

Management Examples Lending Conference 60

Social Assurance

OCTOBER 10, 2016

Engage with contests – Let your community know that you care about their business and livelihood by running contests to promote engagement. Farming funnies – Show your customers that you have a sense of humor by putting out some fun farming memes.

social media 12

social media How To Community Meeting 12

Social Assurance

DECEMBER 16, 2016

Banking and credit union marketing teams invest lots of energy, time and money in trying to figure out how to achieve the highest levels of social engagement. My friend had just closed on a new house, and graciously made a Facebook post (of a Snapchat screenshot) giving her community bank some love. But I digress.

social media 12

social media Community Bank Branding Community 12

Independent Banker

AUGUST 25, 2016

to boost your community bank’s. With the average individual spending 100 minutes on social media each day, it’s entirely possible for community banks to share some of that screen time. According to McIlwain, there’s “no right answer” to which social media channels community banks absolutely must use.

social media 70

social media Community Bank Community Video 70

NCR

JUNE 14, 2016

April kicked off Financial Literacy Month so we recently talked with Becky Stapleton, senior executive vice president and chief banking officer at S&T Bank, to learn about the various initiatives they host in order to promote financial literacy in their local community. Is there anything else you would like to add?

Pennsylvania 40

Pennsylvania Community Regional Indiana 40

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. BTW, it’s amazing how much an impending industry funding issue can get us focused again. ‘C’mon C’mon Man!’

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

AUGUST 1, 2016

Bankjoy offers developers a banking API for a modern, real-time, holistic interface for credit unions and community banks. Divy’s app and social investing community uses an approachable interface and engaging content to help first time and emerging investors access direct marketing and financial literacy material.

How To 12

How To Analytics Millennials Data 12

Jeff For Banks

JANUARY 26, 2017

Will millennials come to your financial institution once they've acquired the investable assets to make your Trust Department interested? Community banks must think so, because I don't hear many strategies centered on helping customers build wealth from early to late. Got $500,000 in investable assets?

Management 60

Management Strategy Meeting Millennials 60

Gonzobanker

DECEMBER 20, 2018

We’ve stressed over loan growth and then sweated how to fund it. We’ve seen the big Wall Street banks raise the hurdle (and clear it!) Despite some controversy about the deal bidding structure, the point is that MB got close to $5 billion for the franchise and locked in an exchange rate before the bank equity market softened.

Fintech 105

Fintech Conference Innovation Community 105

Fintech Labs Insights

JULY 22, 2015

Deluxe will show you how its eChecks combine paper checks’ most powerful payment and security features, into cutting-edge technology that’s delivered electronically. Deluxe will show you the why and how to use eChecks in your app. Fidor Bank introduced community banking five years ago.

San Francisco 12

San Francisco Video Fintech Data 12

Gonzobanker

DECEMBER 19, 2016

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ).

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. The FinTech Partner Best Practice Award – Goes to Cambridge Savings Bank and SigFig for their digital investment platform partnership.

Utah 60

Utah System Community Marketing 60