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

Independent Banker

JANUARY 31, 2023

Community bankers and industry experts share how to best put this data to use. According to a recent Bank Director survey, nearly half of financial institutions report not effectively using their available data, which leaves potential strategies untapped. billion-asset First State Community Bank in Farmington, Mo. “One

Community Bank 91

Community Bank Community Trends Payments 91

Abrigo

FEBRUARY 2, 2015

For most consumers who have a checking account, savings account and maybe a mortgage, the regulations placed on their community bank isn’t given a second thought. 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

Abrigo

OCTOBER 9, 2014

This article is the second in a two-part series on top concerns and growth strategies of community banks. We can find answers in the August Bank Director’s 2014 Growth Strategy Survey , which asked executives from banks of all sizes across the United States about their growth strategies for the next 12 months.

Community Bank 236

Community Bank Strategy Community Survey 236

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

JULY 31, 2017

According to the FinTech’s latest “ Performance Against Customer Expectations (PACE) Report ,” SMEs are unhappy with a lack of options for high-tech products and services, and as more small businesses switch banks, analysts say this discontent could accelerate bank-switching among the nation’s small business community.

Survey 112

Survey Community Bank Community Regional 112

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. Increasing role of technology. 50% of consumers now interact with their bank through mobile apps or websites weekly – up from 32% two years ago.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

DECEMBER 8, 2020

The letter included findings from a new National Restaurant Association Research Group survey that revealed a steep industry decline that will only get worse if a relief package isn’t passed soon. The survey included 6,000 restaurant operators and 250 supply chain businesses Nov. Some 16 percent were open 30 years or more. .

Industry 226

Industry National Survey Operations 226

South State Correspondent

SEPTEMBER 20, 2023

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty.

Management 195

Management Survey Industry 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. The survey of 550 small business owners and managers found, overall, that these professionals have a positive outlook regarding automation.

Community 117

Community Big Data Survey Tools 117

Abrigo

FEBRUARY 25, 2022

Nearly 90 of 100 bankers surveyed during a recent Abrigo webinar said their institutions plan to increase the volume of small business lending or commercial lending this year. Indeed, some bankers are already giving up spreads in order to win loans, according to the January Fed Senior Loan Officer Survey. You’re in good company.

Lending 195

Lending St. Louis Community Survey 195

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." 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. Reduce operating cost while ensuring loan policy consistency.

Lending 221

Lending Risk Management Community Management 221

American Banker

SEPTEMBER 30, 2020

A survey conducted by the Conference of State Bank Supervisors found that concerns about operating conditions have led a large percentage of small banks to steer clear of acquisitions and new tech investments.

Community 68

Community Conference Survey Operations 68

Bank Innovation

SEPTEMBER 14, 2018

Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech community to list what’s top on their innovation wish list.

Innovation 186

Innovation Survey Fintech Community 186

Abrigo

FEBRUARY 27, 2020

Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts. Survey: Repetitive data entry common. Another 9% of respondents said turnaround is 8 weeks or longer. learn more.

Lending 243

Lending Survey Data System 243

PYMNTS

JUNE 11, 2020

The company said in the release that it will “deepen our support for our shopper community, further fund strategic business initiatives like Instacart Advertising and Enterprise, and continue to scale our technology and operations to meet the needs of all the communities we serve.”.

Survey 159

Survey Community America Meeting 159

Abrigo

FEBRUARY 23, 2022

A recent survey by Abrigo found that 87 percent of banks surveyed are working to win more small business loans in 2022. The good news is that some vendors can assist financial institutions with process optimization and management changes to help them improve policy and operations. Top problems in small business lending.

How To 195

How To Lending Software Survey 195

Independent Banker

AUGUST 31, 2021

[There is a] need for strong voices to weigh in on how new regulation will affect our communities and the customers we serve. Government Accountability Office report concluded that a “very small” community bank could spend up to 2.4% of operating expenses on Bank Secrecy Act (BSA) work alone. A 2020 U.S. Rebeca Romero Rainey.

Community 145

Community Community Bank Compliance Regulation 145

PYMNTS

JULY 7, 2020

. “We are committed to providing a safer, more efficient environment for cannabis businesses to operate in,” he said, according to the release. Daniel Muller , CEO and founder of AeroPay, said in the release that he hopes the tech will boost the long-underserved cannabis B2B community.

Payments 185

Payments Survey Industry US 185

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress. Sherrod Brown, D-Ohio, in the same hearing. appeared first on Abrigo.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

JUNE 11, 2020

The company said in the release that it will “deepen our support for our shopper community, further fund strategic business initiatives like Instacart Advertising and Enterprise, and continue to scale our technology and operations to meet the needs of all the communities we serve.”.

Company 130

Company Survey Community America 130

Independent Banker

APRIL 30, 2022

As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. Let’s look at a few of these trends, how community banks can determine if they’re right for them and how to get on board. By Mary Yerkes.

Trends 144

Trends Payments Community Bank Community 144

Independent Banker

FEBRUARY 28, 2022

These community bankers share how they collect positive reviews, and how to respond to negative ones. According to a recent Bright Local survey, 79% of consumers say they trust online reviews as much as personal recommendations from family or friends. Today, customers value the opinions of strangers. But the $3.9 Quick review fixes.

How To 127

How To Community Bank Community Google 127

PYMNTS

OCTOBER 9, 2018

tax reform on the small business community, but so far, small business owners say the overhauls have made little impact on their hiring practices. ” said ZipBooks Co-Founder and Chief Operating Officer Jaren Nichols in a statement. ” While the survey suggests that tax reform is not boosting small business hiring, the U.S.

Taxes 140

Taxes Survey Community Regulation 140

PYMNTS

AUGUST 4, 2020

According to the survey, three-quarters of them (75 percent) report being positive about the future. For instance, Visa’s survey found that 78 percent have adapted how they pay. But unsurprisingly, Visa’s survey also found that SMBs owners feel like they need more support. The New Normal. SMBs Still Need Help. What Comes Next.

Study 315

Study Survey social media Online 315

PYMNTS

APRIL 8, 2020

citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result of the economic disruption from the coronavirus, according to a housing survey released Wednesday (April 8). The percentage of U.S. The NMHC Rent Payment Tracker reflects data from 13.4 million units across the United States.

Las Vegas 150

Las Vegas Data US United States 150

Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends. FedNow is obviously going to change the landscape for us, and I think it’s going to accelerate [digital development] for community banks,” Lakoumentas says.

Trends 140

Trends Payments Community Bank Texas 140

Abrigo

AUGUST 26, 2019

The community bank model is built around customer service, but for many bank and credit union customers, the definition of “good service” has been changing over the last couple of decades. Direct Banking Satisfaction Study found that direct banks, or branchless banks that operate online, earned a higher satisfaction score among U.S.

Conference 150

Conference Lending Oklahoma Alabama 150

South State Correspondent

JANUARY 4, 2023

The irony here is that more than half the banks we recently surveyed had some goal and metric around asset growth. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Training Lending 195

Abrigo

APRIL 25, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. At the same time, 59% pursued credit to meet operating expenses. A majority of applicants sought less than $100,000.

Lending 221

Lending Trends Capital Strategy 221

Independent Banker

OCTOBER 31, 2021

Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. A customer can make the decision to switch to a community bank or open their first bank account any time, any day, including outside business hours. billion-asset IncredibleBank in Wausau, Wis.

Idaho 134

Idaho Community Bank Community New Jersey 134

PYMNTS

MARCH 12, 2020

billion in revenue and cost $5 billion to operate. Offering additional non-postal products and services at USPS retail facilities could provide consumer, government or community benefits, but viability may be limited,” the report states. The idea is not without international precedent.

Retail 169

Retail US Survey Examples 169

PYMNTS

DECEMBER 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Synctera Brings 'FinTech As A Service' To Community Banks.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

SEPTEMBER 28, 2020

Ron DeSantis ' decision to allow bars and restaurants to operate at full capacity is "very concerning" and that the state is "really asking for trouble.". Anthony Fauci , the government's top expert on infectious diseases, isn't a fan of Florida's recent lifting of nearly all remaining coronavirus restrictions. Since it hit the U.S.

Florida 170

Florida Survey Community Operations 170

PYMNTS

JULY 15, 2020

“While we’re certainly not the first business to require face coverings, we know this is a simple step everyone can take for their safety and the safety of others in our facilities,” said Walmart’s Chief Operating Officer Dacona Smith and Lance de la Rosa, chief operating officer at Sam’s Club, in a statement.

Virginia 141

Virginia Policies Community National 141

ABA Community Banking

AUGUST 14, 2019

small businesses—reported profitability in 2018 than employer firms did, according to Small Business Credit Survey figures released today by the Federal Reserve Bank of New York. The post Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses appeared first on ABA Banking Journal.

Operations 40

Operations New York Survey Report 40

ABA Community Banking

AUGUST 14, 2019

small businesses—reported profitability in 2018 than employer firms did, according to Small Business Credit Survey figures released today by the Federal Reserve Bank of New York. The post Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses appeared first on ABA Banking Journal.

Operations 40

Operations New York Survey Report 40