Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Using regtech in banking With new federal regulatory and compliance challenges like the CFPB rule on the horizon, more and more community financial institutions are exploring regtech in banking and finance.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Takeaway 1 Regtech uses new technologies such as AI and machine learning to streamline processes that keep organizations compliant. Regulatory technology, or regtech, can improve the efficiency and effectiveness of functions in many workplaces, and banks and credit unions are no exception.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JUNE 18, 2020

Key Takeaways The Paycheck Protection Program (PPP) has been a critical foothold for community financial institutions seeking to obtain and diversify business lending relationships. Credit unions, on the other hand, embraced the opportunity to gain traction with small businesses, reinforcing their commitments to supporting local communities.

Lending 195

Lending Strategy Resources Community 195

Independent Banker

AUGUST 31, 2021

A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. Luckily, there are several strategies in community banks’ toolbox for boosting profitability, even in a low interest rate environment. Quick stat.

Community Bank 170

Community Bank Community Lending Leadership 170

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. As we enter budgeting season, the answers might be found in a mix of strategies. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ?

Strategy 135

Strategy Community Bank Louisville Community 135

Cisco

JANUARY 10, 2023

As a change agent serving the financial services industry for over 20 years, it is a great privilege to collaborate with Bank, Insurance, and Wealth Management institutions to devise and execute digital transformation strategy, solve complex business problems, and leverage technology to strengthen business results.

Digital Strategies 174

Digital Strategies Strategy America Innovation 174

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.

Community Bank 172

Community Bank Community Montana Taxes 172

Independent Banker

FEBRUARY 28, 2023

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. Data about existing customers can even help community banks improve their efforts to find new customers.

Community Bank 129

Community Bank Community Marketing Data 129

PYMNTS

MARCH 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Community banking is no exception. Leveling the Playing Field.

Community Bank 205

Community Bank Community Innovation Fintech 205

Independent Banker

JUNE 30, 2022

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Amid changing economic conditions and rising rates, it’s a good time for community banks to re-evaluate their loan strategy with an eye on adaptability. David, Community Bank Consulting Services, Inc.

Lending 103

Lending Strategy Community Bank Community 103

Independent Banker

FEBRUARY 28, 2023

As community banks navigate this process, there are plenty of resources available to answer questions and provide guidance. After much strategy, planning and discussion, the implementation phase has arrived. Photo by Ismail Rajo/iStock The time has come for the long-awaited FedNow launch.

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Resources Community Bank Community Texas 115

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. The results?

Community Bank 91

Community Bank Community Trends Payments 91

Independent Banker

NOVEMBER 30, 2021

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud. New account fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

ABA Community Banking

SEPTEMBER 16, 2020

Five strategies for community and midsize banks weighing “what next?” The post A Core Transformation Strategy Session appeared first on ABA Banking Journal. for their core processing needs.

Strategy 105

Strategy Community Community Bank Digital Banking 105

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

SEPTEMBER 9, 2019

The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial intelligence (AI) technology to impersonate the firm’s chief executive officer by mimicking his voice on the phone.

Strategy 180

Strategy Security Technology Data 180

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank. Build your community. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

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 7, 2021

Lloyds Pilots Satago Technology. Lloyds' brand and reach, combined with our technology and speed of execution, is a great example of how established banks and innovative FinTech companies can work together to deliver better outcomes for [SMBs]," he said. Orange Bank Acquires Anytime. Financial terms of the takeover were not disclosed.

Strategy 196

Strategy Fintech California Community 196

Abrigo

MAY 24, 2024

The FedNow Service enables community financial institutions to stay competitive by meeting instant payment demands. This whitepaper provides insights into the functionalities and benefits of the service, which can guide your institution in planning its FedNow adoption strategy. Make FedNow work for your bank or credit union.

How To 243

How To Fraud Resources Georgia 243

Long Lasting Ideas

MARCH 22, 2019

Carolina community bank. Continue reading Community banks – Technology, reliability and a cautionary tale at Bank Marketing Strategy + Ideas. Continue reading Community banks – Technology, reliability and a cautionary tale at Bank Marketing Strategy + Ideas. deposit and first month’s rent.

Community Bank 65

Community Bank North Carolina Community Technology 65

PYMNTS

NOVEMBER 13, 2018

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge. Here In The States.

Community Bank 183

Community Bank Community Fintech Arizona 183

Gonzobanker

FEBRUARY 8, 2023

Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists. According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups. And not just the large megabanks. billion in 2021.

Community Bank 98

Community Bank Community Fintech Leadership 98

PYMNTS

OCTOBER 5, 2020

The Carrboro, North Carolina-based chain has used its technology-first strategy to get, keep and grow its customer base – even while its stores were shut down early in the pandemic. Fleet Feet has come up with proprietary technology to address that. More than one million Fleet Feet customers have used the technology.

Technology 131

Technology Retail North Carolina National 131

Independent Banker

FEBRUARY 28, 2022

What it means for community banks is clear. For anyone responsible for managing risk or for those responsible for managing the balance sheet, you definitely want to pay attention and make sure you have a solid strategy for managing the interest rate volatility,” said David Lykken, President and Founder of Transformational Mortgage Solutions.

Leadership 91

Leadership Strategy Lending Community Bank 91

Perficient

JANUARY 5, 2021

Perficient’s AVPs represent a cross-section of the firm’s end-to-end digital consulting portfolio, and will provide leadership and strategy for areas including management consulting, cloud platform solutions and integration technologies, custom software development and mobile solutions, and optimized global delivery capabilities.

Leadership 531

Leadership Denver Charlotte Ohio 531

Abrigo

JULY 5, 2020

Key Takeaways Credit unions participating in the Paycheck Protection Program (PPP) found that the right technology helped them serve business members when they needed help and also gain new members. Technology can facilitate delivery on credit unions' brand promise of relationship-based services. get started. C&I Loans.

Technology 195

Technology Lending Capital Meeting 195

PYMNTS

DECEMBER 23, 2019

Walmart President and CEO Doug McMillon said during a strategy meeting that supercenters are the focus of the company’s plan. They are also community gathering spots and open 24 hours. The refocusing on the massive stores that Walmart began crating in 1980 marks a departure from a strategy laid out only a year prior.

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Strategy Houston Meeting System 133

ABA Community Banking

SEPTEMBER 22, 2022

Christian Ruppe co-founded a fintech firm when he was in college — and later he brought his experience in-house in the community banking space. The post Podcast: How middleware can accelerate community bank innovation appeared first on ABA Banking Journal. “Were [.].

Community Bank 52

Community Bank Community Innovation Strategy 52

PYMNTS

JANUARY 26, 2021

In today’s top news, Flywire could file for an IPO later this year that could value that company at $3 billion, and Mastercard debuted new quantum-resistant technology for contactless payments. Mastercard Debuts NextGen Contactless Technology. From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF.

Technology 154

Technology Payments Strategy Retail 154

PYMNTS

DECEMBER 30, 2020

Marg ERP, an India-based FinTech connecting small businesses to inventory management, accounting and enterprise resource planning (ERP) technology, has announced a partnership initiative to expand its SMB financial services footprint. Reports in the Financial Express said on Monday (Dec.

Strategy 175

Strategy Big Data Fintech Management 175

South State Correspondent

APRIL 4, 2024

Secular changes occur over many business cycles, tend to be slow-moving, and are more difficult to manage with business strategy. An aging population, higher federal debt as a percentage of GDP, and higher interest rates will change the way community banks view risk, manage relationships, use technology, and generate revenue.

Risk Management 195

Risk Management Community Bank Policies Community 195

PYMNTS

MAY 14, 2018

In an effort to restock stores faster, Target is experimenting with a new strategy to distribute products to its stores. The retailer is testing the new strategy at a warehouse in New Jersey. The facility is making smaller and more frequent shipments to stores, while using the same inventory supply to fill online orders as well.

Strategy 100

Strategy New Jersey Retail Online 100

PYMNTS

NOVEMBER 20, 2020

But get into the strategies around eCommerce and things start to get very interesting between the two. Target has invested in technology and acquisitions to keep its digital assets in-house. If loyalty programs are defined as a strategy to increase the recency, frequency and size of consumer spend, Walmart actually has two of them.

Comparison 165

Comparison Strategy Retail Minneapolis 165

PYMNTS

MARCH 9, 2020

according to Steve Ledford, TCH’s senior vice president of Product Strategy and Development. TCH paid particular attention to community banks’ and credit unions’ abilities to connect with faster payment schemes. Both approaches grant FIs access while other parties manage the technological undertakings. Facilitating Uptake.

Strategy 202

Strategy System Payments Resources 202

Perficient

NOVEMBER 10, 2020

These are just a few examples of how I’ve been able to give back to the community in ways that are personal to me, and that’s something that’s true across Perficient. Our colleagues are incredibly active in giving back to their communities in meaningful ways that are personal to them. healthcare systems.

St. Louis 294

St. Louis Community Missouri Leadership 294

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