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The benefits of micro-lending programs

Independent Banker

“There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. The bank is also planning to continue technology upgrades in 2022 that will make it easier and more streamlined for small business borrowers to do business with the bank.

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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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The Big Gorilla

Independent Banker

Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. Get compliance involved from the outset of, say, a new product or a new service or a new type of loan,” LaNore says.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

First State Bank Minnesota. Citizens Bank Minnesota. Rowland; and EVP and chief technology officer Mike Beattie. Self Financial handles the technology, including access to online accounts and an app, as well as marketing aspects of the program, and Lead Bank provides the compliance and access to the banking system.

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The case for end-to-end digital lending

Independent Banker

I’m not sure how we would have processed all of the PPP loans and everything else in the last 18 months without some of the technology that we have implemented,” says Chris Jundt, senior vice president and chief lending officer at First State Bank & Trust. Beth Mattson-Teig is a writer in Minnesota.

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Major Medium of Exchange

Independent Banker

Debit and credit cards, direct deposits, paper checks, online and mobile bill payments and other technologies have changed the role of cash in our economy. King Cash still plays a regal role for people and businesses on Main Street. By Ed Avis. The majority of our elderly customers still use all cash and checks, not debit cards.

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Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

Risk management and compliance software. Compliance layer for value exchange. Covercy Technological Trading. HQ: Minneapolis, Minnesota. Tags: Enterprise, B2B, banks, wealth managers, investment firms, core technology. Infrastructure for financial services companies. Latest round: $12.4 million Seed. AQ Metrics.

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