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Why community banks should partner with fintechs

Independent Banker

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. Matt Gallman, Drummond Community Bank. Quick Stat.

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Listen: Community banks set to continue fintech investment

BankInovation

While big banks mobilize billions in tech development, community banks are continuing their own technology journeys through fintech investment. Your community or […].

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$175M Acquisition Turns Community Bank Into Fintech Player

Bank Innovation

Community banks can also play the fintech game. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. We are an independent bank,” said Luvleen Sidhu, BankMobile’s co-founder, regarding the acquisition. “We

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Opportunities in Partnership: Community Banks Can Benefit from Today’s FinTechs

Independent Banker

50% of consumers now interact with their bank through mobile apps or websites weekly – up from 32% two years ago. For community banks who are known for putting their customers first, this could be an area of concern. Benefits of FinTech partnerships. How to choose the right FinTech partner. Increasing role of technology.

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Mobile Devices Take On SMB FinTech Functionality, Usability

PYMNTS

But mobile devices are an increasingly important part of a small business’ financial management strategy, adding another channel on which banks and FinTechs must innovate to disrupt and improve SMB finances. Research shows small businesses are already urging their financial service providers for mobile-friendly services.

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Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.

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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. SMBs demand access to robust solutions, from mobile banking to advisory services. Here, again, lies another opportunity for community banks to fill the void.