Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

JANUARY 25, 2021

We’re not a data company. Metrick also outlined a 3-point “Luxury Disrupted” strategy which consisted of edicts such as don’t forget the fashion, make it easy for customers and the need to use data to improve both online and in-store shopping experiences. We’re not an internet company. We’re a fashion company,”.

Community 269

Community Retail Strategy National 269

Jeff For Banks

AUGUST 14, 2022

In 2012 the Obama administration launched "Operation Choke Point" ("OCP") which was designed to ensure banks considered the risk of banking payday lenders that were engaged in abusive practices. But in January 2021, the new OCC announced it would pause the "Fair Access" rule that was intended to prevent another Operation Choke Point.

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Operations Lending Industry FDIC 78

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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Data How To Community Bank California 91

Independent Banker

FEBRUARY 28, 2023

Photo by Courtney K/iStock By Charles Potts, ICBA If you’ve heard it once, you’ve heard it a thousand times: In today’s landscape, data reigns supreme. Working hand in hand with digital transformation, data provides a powerful tool for community banks. Data analysis and performance marketing do not have to be in-house skillsets.

Data 133

Data How To Community Bank Community 133

Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

Community Bank 134

Community Bank Community Fraud Texas 134

Bobsguide

JULY 21, 2022

Montréal, July 19, 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, is expanding its presence in Canada with new facilities in Montréal to boost its North American operations and drive its international growth.

Operations 97

Operations America Software Risk Management 97

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. A different kind of peer-to-peer payment service is now available, “built by community banks for community banks.”.

Community Bank 91

Community Bank Community Payments Meeting 91

PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. has dropped from 8,000 in 2004 to about 5,400 in 2018. Strengthening SMB Ties.

Community Bank 123

Community Bank Community Payments Fintech 123

PYMNTS

APRIL 16, 2020

Accelerated data sharing has become a focal point for small business lenders and FinTechs looking to speed up the time it takes for SMBs to apply for and receive much-needed funding. Funding Options struck a data-sharing agreement with 20 alternative lenders to make SMB loan applications more efficient, while in the U.S.,

Data 167

Data Lending Regional Fintech 167

Perficient

FEBRUARY 25, 2021

Operations and engineering. Champions are responsible for empowering the maker community. Support the Community. This, along with the role of operations and engineering, serves to help the makers by giving them the tools to make building applications easier and more consistent. Operations and Engineering.

Community 362

Community Operations Tools Training 362

PYMNTS

APRIL 12, 2019

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). Community banks say their services are often too expensive and can sometimes be delayed.

Community Bank 123

Community Bank Community New Jersey Fintech 123

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. ” Analysis has also found that community banks are playing a larger role in small business lending. “Now, small businesses are stepping in to get a piece of the pie.”

Community Bank 134

Community Bank Community Lending Analysis 134

Insights on Business

NOVEMBER 29, 2018

Operational innovation is vital in a highly competitive financial services sector, with a new community of digital banks and other firms vying for market share. Drivers for Operational Innovation. These terms look good on paper, but what do they mean in practice for operational innovation?

Operations 138

Operations Innovation Management Risk Management 138

Independent Banker

DECEMBER 1, 2021

For community banks who are known for putting their customers first, this could be an area of concern. However, data from PwC shows that community banks are finding complementary partnerships that evolve their operations and the service they provide customers. If you’re looking for all of the above, BHG is the answer.

Community Bank 91

Community Bank Community Fintech Guidelines 91

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 87

Operations System Groups Technology 87

CFPB Monitor

NOVEMBER 16, 2021

6247-A) to the New York Community Reinvestment Act (NYCRA) that expand the NYCRA’s coverage to non-depository mortgage lenders. Proposal regarding data collection on loan applications from minority- and women-owned businesses. Expansion of CRA coverage. On November 1, New York Governor Hochul signed into law amendments (S.5246-A/A.6247-A)

New York 78

New York Community Regulation Data 78

Perficient

JULY 15, 2020

WHODrug Koda uses artificial intelligence (AI) to automate the coding of drug names and ATC selection, improving consistency and operational efficiency. Specifically, we believe Koda could be of great benefit to the coding community by taking advantage of AI to handle the ever-increasing volumes of data to code.

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Training Community US System 322

PYMNTS

MARCH 9, 2020

As Szuchman, a former prosecutor, explained, the data that the payments processor has and “the visibility that we have into a transaction” as a two-sided network offers significant potential to uncover financial crime. Two-Sided Network, High Visibility. He noted, too, that PayPal’s risk profile is different than might be seen at a bank.

Data 177

Data United States Chicago Community 177

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. Our data below shows SMB loan originations have followed a similar trend.

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Lending Trends Capital Strategy 222

Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

Community Bank 150

Community Bank Community Regulation Survey 150

PYMNTS

APRIL 8, 2020

“The COVID-19 outbreak has resulted in significant health and financial challenges for apartment residents and multifamily owners, operators and employees in communities across the country,” said NMHC President Doug Bibby in a statement. The NMHC Rent Payment Tracker reflects data from 13.4

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Las Vegas Data US United States 150

PYMNTS

JANUARY 13, 2021

The main story the data is now telling, Phalen said, is that the digital transformation we’ve seen over the last several months isn’t a flash in the pan or a phase. According to Visa’s data, 82 percent embraced new forms of digital technology to meet their consumers’ emerging need sets. and around the world.

Tools 215

Tools Data Meeting Maine 215

PYMNTS

SEPTEMBER 26, 2019

announced that it has launched an eCommerce marketplace where merchants compensate consumers for their time and data. The Permission Marketplace operates like other major eCommerce platforms, connecting users with products from major retailers. Users are also compensated for their time and for the data that they share and control.

Data 108

Data Online cryptocurrency Survey 108

Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list.

Lending 222

Lending Risk Management Community Management 222

PYMNTS

APRIL 26, 2018

is only weeks away from bringing its Global Data Protection Regulation (GDPR) rules into effect, and corporates are ill-prepared for the data security requirements, according to new research. Seventy-one percent said they are aware noncompliance could be detrimental to their companies’ international operations.

Data 148

Data Compliance Survey Regulation 148

PYMNTS

DECEMBER 19, 2019

Those concerns have eased somewhat, however, as FinTech firms assure accountants that technology can operate in harmony with human professionals — and as analysts urge the CPA community to take on a more strategic role with their clients. “Why? ” The Real-Time Demand.

Data 133

Data Analysis Industry Technology 133

Abrigo

OCTOBER 9, 2014

This article is the second in a two-part series on top concerns and growth strategies of community banks. These include: • Different data sources. C&I loans require a different type of financial data than the bank may be accustomed to collecting or analyzing. As such, it is important to understand the potential risks.

Community Bank 237

Community Bank Strategy Community Survey 237

PYMNTS

JANUARY 4, 2018

Reports in The Washington Post this week profiled Severn Savings Bank, a community bank in the state that is said to be providing services to legal marijuana businesses. That’s the biggest concern for financial institutions across the country that may be operating in states in which marijuana is legal, but remains illegal under federal law.

Maryland 104

Maryland Community Bank Community Marketing 104

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. When ‘Wait And See’ Won’t Cut It Anymore.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

AUGUST 4, 2020

Burberry has created a “mini program” with Tencent that provides exclusive content and tailored experiences that can be unlocked on WeChat, at a time when China has millions of mini-communities on the social media platform. All this, Today in Data. 10.4B: Minimum amount of reserves J.P.

social media 160

social media Innovation Community Data 160

Jeff For Banks

NOVEMBER 4, 2022

million is somehow benefiting one of the other three stakeholders: employees, customers, or communities. I don't have the data or CU by CU analysis to make a definitive BS call, but let's say I'm skeptical. And for those uninitiated in balance sheets, retained earnings are generated from profits! Now, perhaps, the lost $11.8

Operations 78

Operations Analysis Capital Community 78

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

South State Correspondent

FEBRUARY 20, 2023

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage.

National 195

National Lending How To Community Bank 195

PYMNTS

MAY 7, 2018

Whether robots will take our jobs or take over the mundane tasks for humans to shift to more strategic operations, one thing is for sure: Automation is changing the workforce.

Community 117

Community Big Data Survey Tools 117

South State Correspondent

JANUARY 11, 2023

We looked at 12 other variables for community banks (asset size $100mm to $10Bn) and measured the correlation between those variables and ROA over the past five years. In a previous blog, we argued that four general factors drive bank performance: industry specialization, market segments, location, and operating leverage. Conclusion.

Community Bank 195

Community Bank Community Analysis Industry 195

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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Community Bank Community Industry Texas 239