Independent Banker

OCTOBER 31, 2021

Community bankers tell us why. started developing its digital lending platform about three years ago—and the bank is really glad it did. In early 2021, the $490 million-asset community bank launched its Finastra Consumerbot product, which offers online applications for consumer loans for items like boats and vehicles.

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Gonzobanker

MAY 31, 2019

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.” Technology Utilization. In a recent American Banker. Source: DeBanked ). Taking Stock.

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Gonzobanker

MARCH 24, 2021

Community banks and credit unions, in total, have 56 million. Last year, BofA’s digital channels accounted for 42% of total consumer sales, 68% of consumer mortgage sales and 74% of direct auto sales. These should be the new targets for mid-size and community institutions. Chase and other megabanks can report similar results.

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