Independent Banker

DECEMBER 31, 2022

Photo by Chris Williams. One of our greatest assets is our reputation as relationship bankers. When things get tough, people want to be able to talk to their banker. I’ve always been a glass-half-full guy, and though 2023 is expected to be a challenging economic year, it also brings opportunity. We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1.

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TheGuardian

DECEMBER 31, 2022

Times are tough for businesses old and new, but the pace of change in many sectors this year will be relentless The upheavals of recent years have posed huge challenges for established companies, but for others rapid change can mean big opportunities. Entrepreneurs are breaking ground in important new areas, from artificial intelligence to biotechnology and super-smart energy meters.

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Independent Banker

DECEMBER 31, 2022

Photo by Chris Williams. As we enter a new chapter and start a new financial statement cycle, know that ICBA will be there to support you with tools, resources and advocacy efforts. The beginning of a new year feels like a fresh start, a new chapter in our stories. We have a blank page on which we can write our narrative over the course of the year, with new milestones filling the pages ahead.

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American Banker

DECEMBER 31, 2022

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending

Independent Banker

DECEMBER 31, 2022

Photo by Juan Moyano/Stocksy. The payments landscape is evolving, and customers’ needs are changing. Here’s how community banks can enhance their payments offerings. By Colleen Morrison. Quick Stat. 30%. of banks’ revenues come from payments. Source: EY. Payments account for up to 30% of bank revenue, and that income stream is under attack. Increased competition signals that the payment relationship with the customer is up for grabs by a growing group of challengers.

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Trends Payments Community Bank Texas 140

Independent Banker

DECEMBER 31, 2022

Photo by Nebojsa/Adobe. By Lindsay LaNore, ICBA. In a rapidly evolving world, it’s more important than ever to commit to lifelong learning, but it’s just as challenging to make time for it. Expanding education beyond the classroom, however, can be as easy as planning a reading list, starting a departmental book club or gifting each member of your team a book that you love.

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Bankelele

DECEMBER 31, 2022

Highlights from 2022 and predictions about Kenyan banking in 2023.

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Independent Banker

DECEMBER 31, 2022

Image by Worawut/Adobe By Charles Potts As we turn the page to a new year, the innovation evolution continues. ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Here at ICBA, we’ve been tossing around a quote from author Courtney C. Stevens’ novel, The Lies About Truth , that captures our ethos heading into 2023: “If nothing changes, nothing changes.

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Innovation Trends Community Bank Community 103

TheGuardian

DECEMBER 31, 2022

Women say banks enabled and ignored red flags about the financier’s sex trafficking JPMorgan Chase and Deutsche Bank have asked a US judge to dismiss lawsuits by women who accused Jeffrey Epstein of sexual abuse and said the banks enabled and ignored red flags about the late financier’s sex trafficking. The banks, in papers filed on Friday night in Manhattan federal court in New York, said they did not participate in or benefit from sex trafficking by their former client, and that the unnamed wo

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Independent Banker

DECEMBER 31, 2022

Illustration by Monster Ztudio/Adobe. From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. By Mary Thorson Wright. While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately.

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Compliance FDIC Community Bank Community 100

Independent Banker

DECEMBER 31, 2022

Photo by Pressmaster/Adobe. The skills needed to succeed in the workplace are changing, with companies placing greater value on soft skills like communication and leadership. In response, community banks have an opportunity to revisit hiring policies and training programs. By Roshan McArthur. The use of digital technology and artificial intelligence has changed the workplace dramatically in recent decades, but the pandemic accelerated this shift by forcing remote working and driving online comme

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Training Community Bank Knowledge Base Community 98

Independent Banker

DECEMBER 31, 2022

Elder financial abuse costs seniors billions of dollars a year. But there are tools to fight it. Photo courtesy of CRA Partners/SHCPF. Billions of dollars are lost to elder financial exploitation each year. Equip your team with the skills needed to protect your customers. From 2019 to 2020 alone, the amount of money involved in elder financial abuse rose by nearly a billion dollars—the largest year-over-year increase since 2013.

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Training Community Resources Course 91

Independent Banker

DECEMBER 31, 2022

Illustration by Jack Hudson. We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. By Beth Mattson-Teig. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023.

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Community Bank Community Tampa North Carolina 91

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

Lending

Independent Banker

DECEMBER 31, 2022

First Reliance Bank’s founder and CEO Rick Saunders with his wife, Tiffany, and three children. To help ease the process, First Reliance Bank offers assistance for associates who welcome a foster or adopted child into their family. By Rachel Hatcher. Quick Stat. 76%. of adults considering international adoption are concerned about being able to pay for it.

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Community Community Bank Resources Policies 91

Independent Banker

DECEMBER 31, 2022

(L-R): Union Savings Bank’s executive vice president, Rick Judd; vice president of digital channels Chris Barlow; and director of USB Innovation Center Peter Scotch at USB’s historical Main Street Danbury, Conn., location. Photos by Mike Yamin. By partnering with fintechs, Union Savings Bank has rolled out an innovative digital tool that uses AI to help customers achieve financial wellbeing.

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Rhode Island Community Bank Tools Community 151