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Grasshopper Bank advances inclusion, stamps out ‘pattern matching’

Bank Innovation

Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank. New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders.

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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

The financial services industry has made major strides in amping up its overall customer experience game; however, there is still a deficit in the personalization and accessibility of products and services for many Americans. Interested in discussing how you can improve your financial institution’s customer experience?

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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Personalization of Customer Services. Office of the Comptroller of the Currency (OCC).

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How Community Financial Institutions Can Regain the Small Business Lending Market

Abrigo

CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market. You might also like this whitepaper on big opportunities in small business lending DOWNLOAD . Changing Lending Environment.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.” Banking artificial intelligence (AI), the customer experience, enticing millennials, and change management are among subjects tackled in recent episodes.

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Where Challenger Banks & Incumbents See The Next Digital Banking Opportunity

CB Insights

High fees, poor customer experiences, and archaic technology have historically blocked many from accessing financial services. . Source: FDIC. Further, payment processors PayPal and Square became lenders for small businesses that were unable to secure loans from banks. get the state of challenger banks report.

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Welcome to New Orleans

Independent Banker

One thing I think is really important for community banks is customer experience. So we want our checking accounts to be FDIC insured. Creating emotionally charged, dramatic customer experiences can be a real platform for competitive differentiation and a real platform for creative expression for community banks.