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Evaluating New Tech Investments – Let the Purpose Define Your Strategy

Jack Henry

Investments in financial technology have been increasing for years, but the events of the last 18 months have created a new sense of urgency for community banks and credit unions to fine-tune their digital strategies across the spectrum of various fintech investments.

Strategy 148
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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.”

Lending 126
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15 Twitter accounts every bank executive should follow

Abrigo

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. His recent research reports have covered SMB lending, alternative lenders and automating commercial lending.

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4 winners and losers from the American Banker Digital Banking 2018 Conference

Gonzobanker

Maybe the mindset amongst many bank digital execs is “we’re building all this great functionality…surely our crappy adoption must be because of our poorly trained front-line staff”. See you can align your business and digital strategy. And yes, you can humanize digital banking.

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Financial Brand Forum 2019: 5 Wins in 5 Minutes

Gonzobanker

It was a tall order, but Delorier nailed it with “No more chasing Chase” but leading the “democratization of private banking” with Umpqua’s Go-To approach, replacing digital strategy by “digitizing the bank’s strategy.” Umpqua Bank ’s Rilla Delorier had to follow that. Powerful and inspiring stuff, GonzoBankers!

Branding 125
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Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

Instead, it is replacing payday lending as an industry. It doesn’t have an ILC charter from Utah, or a crypto bank charter from Wyoming, or a straight-up bank charter like Varo, nor has it acquired any banks like Lending Club or Jiko. lending/trading/saving), and are computing concurrently on a giant programmable blockchain network.

Capital 52
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37 Corporate Innovation Labs In Finance

CB Insights

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. The labs aim to help Deutsche Bank evaluate and adopt emerging technologies, develop a culture of innovation, and contribute to the bank’s digital strategy.