Gonzobanker

DECEMBER 14, 2023

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. THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Employees are back to work. We are in awe.

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Gonzobanker

FEBRUARY 1, 2024

Turn up “Whole Lotta Love” and let the pure adrenalin rush of Jimmy Page’s intro accompany this year’s Acquire or Be Acquired recap … In the ever-evolving world of banking, Bank Director’s Acquire or Be Acquired Conference remains a constant. Old Ways Won’t Open New Doors While we can’t predict the future, we sure can prepare for it.

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Conference FDIC Arizona Industry 88

Independent Banker

DECEMBER 31, 2021

As prudent lenders, community bankers make every effort to mitigate risk. As prudent lenders, community bankers make every effort to mitigate risk. At ICBA, we already see movement on this front as community bankers embrace a willingness to explore different perspectives and cultural change. By Charles Potts, ICBA.

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Community Bank Community Innovation Leadership 91

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Small Idea – It’s Our Kid’s Technology. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0,

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Conference Technology Las Vegas Trends 195

Gonzobanker

JANUARY 18, 2024

That said, here are my banking and fintech predictions for 2024: 1. Fintechs have an increasing appetite for new products, better tech integration and diligent compliance. That adds up to opportunity for larger banks (>$100 billion in assets) to get into the space more aggressively. You’re probably right.

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Fintech Customer Experience Tools Payments 88

PYMNTS

DECEMBER 3, 2020

The year-end acceleration of mergers and acquisitions (M&A) worldwide will keep bankers busy until the close of 2020, with deals emerging in most regions and industries, Bloomberg reported. . “It It clearly won’t be a long Christmas break for M&A bankers,” Dirk Albersmeier , co-head of M&A, J.P. for targets,” he said.

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Regional Trends Data Fintech 147

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. The customer experience is horrible for many bank processes. Informally Talk to Your Customer.

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Customer Experience Training Strategy social media 195

South State Correspondent

AUGUST 15, 2022

Bankers often think from the bank’s perspective or from the regulator’s perspective. Below are 14 ways to force bankers to understand customer needs better and help banks do a better job at strategic planning prioritization. The customer experience is horrible for many bank processes. Informally Talk to Your Customer.

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Customer Experience Training Strategy social media 195

Independent Banker

DECEMBER 31, 2022

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs. billion in 2020 revenues.

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Innovation Trends Community Bank Community 103

Independent Banker

JULY 31, 2022

In 2022, things changed with whiplash speed, as the Fed hiked interest rates to quell inflation, the mortgage refinance market dried up and the effects of macro changes, from the Russian invasion of Ukraine to a talent shortage, began to be felt keenly. Illustration by Jill DeHaan. By Elizabeth Judd. Quick Stat.

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Strategy Community Bank Louisville Community 135

Gonzobanker

DECEMBER 4, 2019

Recent acquisitions illustrate how data is driving fintech valuations. Fintech deals continue to dominate the financial service headlines, and a growing number of these transactions are in analytics. nCino recently announced. the acquisition of portfolio analytics provider Visible Equity for an undisclosed sum.

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Analytics Lending Fintech Leadership 100

Abrigo

DECEMBER 22, 2023

Why banking technology makes sense – recession or not Seventy percent of leaders from banks, credit unions, and fintechs in late 2022 planned to increase their tech spending in 2023, according to a survey by American Banker parent Arizent. They’ve also focused on managing interest rate risk in a rising rate environment.

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Lending Risk Management Community Management 221

PYMNTS

AUGUST 7, 2018

If money is a vote of confidence, via investments, then confidence is strong in the tech sector, and specifically for FinTechs. But there can be a sea change afoot that can mix things up a bit. As noted in American Banker , the deal count came to 371 deals for the first half of the year, with a few triple-digit investment rounds.

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Fintech National Course Capital 101

Gonzobanker

DECEMBER 19, 2022

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. In 2021, there were more than 120 fintech IPOs in the U.S., In 2021, there were more than 120 fintech IPOs in the U.S., OK, show of hands. Pull ’em down. Nobody did.

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Community Fintech Industry Innovation 216

Gonzobanker

MARCH 9, 2022

Bank executives should take these new deals’ valuations as a sign that the free market sees the future of finance as unbundled from the traditional industry structure. These levels of revenue and EBITDA multiples have never been seen in the history of core banking platforms. Let’s take a closer look at each deal: Finxact Goes To Fiserv.

Financial Technology 149

Financial Technology Technology Fintech Community 149

Gonzobanker

DECEMBER 17, 2021

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. THE BANKER AWARDS. Doug Larson. Then right back to the impossible in 2022.

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Fintech Strategy Leadership Lending 147

South State Correspondent

MAY 2, 2022

As a result, bankers love the idea of a sales funnel – put enough prospects at the top of the funnel, and a certain number of customers will fall out the bottom. Some will not know the answer, and other bankers will talk about more marketing, more salespeople, more geography, better follow-up, or a more focused sales effort.

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social media Management Marketing Resources 195

PYMNTS

MARCH 6, 2020

“The technology transformation that has taken place in the last 10 or 20 years has put a strain on many community bankers,” he told PYMNTS in a recent interview. That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts.

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Community Bank Community How To Lending 173

PYMNTS

MARCH 2, 2018

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 For markets like the U.K.,

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Fintech Capital blockchain Lending 118

Alex Jimenez

NOVEMBER 4, 2023

Money 20/20 USA has become the biggest FinTech gathering in the US. FinTech Revolution and AI: The overarching trend was the continued evolution and revolution in the FinTech industry, including the adoption of AI and emerging technologies. Previously, the meeting areas were relegated to the sides of the show floor.

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Conference Meeting Trends Fintech 84

South State Correspondent

JUNE 22, 2022

Many banks don’t think in terms of innovation and are not set up for innovation. Every bank, no matter the size, should think and train bankers on where, and how to look for improvements. Every bank wants to be “innovative,” but the truth is innovation is difficult. The Problem of Bank Innovation. Framing Innovation.

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Innovation Meeting Apple Maine 195

Lex Sokolin

DECEMBER 16, 2020

SPACs are like that, but for Fintech companies. You are just minding your own business being a start-up, thinking “how many more months of capital do I have until we are bankrupt.” The overall transaction process is fairly straightforward, and can be benchmarked to the book-building and underwriting that an investment banker does.

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Fintech Capital Company Data 52

Lex Sokolin

DECEMBER 16, 2020

SPACs are like that, but for Fintech companies. You are just minding your own business being a start-up, thinking “how many more months of capital do I have until we are bankrupt.” The overall transaction process is fairly straightforward, and can be benchmarked to the book-building and underwriting that an investment banker does.

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Fintech Capital Company Data 52

Independent Banker

DECEMBER 31, 2018

Happy New Year, community bankers! And if you haven’t done so already, I encourage you to also come up with a community banking resolution—one that helps you flourish as a professional. You’ll save if you sign up by the early bird deadline on Jan. I know many of you are eager to get started on your New Year’s resolutions.

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Community Bank Community Nashville Fintech 70

Abrigo

MARCH 24, 2021

Independent Banker Survey. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Technology sets up future lending success. Here's what they're doing. Would you like others articles like this in your inbox?

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Lending Technology Survey Examples 221

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Even George Bailey would have given you the thumbs up. “I learned a long time ago that reality was much weirder than anyone’s imagination.” ” – Hunter Thompson. Well, HST and Big Bird had it right. Everything.

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Idaho Community Industry Strategy 181

FICO

MARCH 17, 2020

Here are eight signs you’re a victim of digital disruption: Your customers are leaving for tech-savvy competitors. If you’re nodding your head at some of these signs, you’re not alone. But the good news is that if you want to catch up with the competition — be they banks or fintechs — you have a good shot!

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Case Study Strategy Survey Fintech 52

ZootBlog

MARCH 29, 2016

The irony is that fintechs are creating mini-silos with the variety of options consumers are using,” she said.”This Fintech companies can only disrupt so much. As banks begin to offer similar services to their fintech counterparts and enhance current functionality, there are several key points to consider.

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Fintech Customer Experience Mobile Security 60

Jeff For Banks

DECEMBER 12, 2015

FinTech, FinTech, FinTech! A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. So far I'm up to five mentions. So FinTech (six) firms need capital and revenues to grab a foothold in the financial services market. That's all I'm hearing.

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Fintech Capital Cards Bitcoin 60

PYMNTS

APRIL 17, 2020

The Paycheck Protection Program (PPP) is a $350 billion segment of a $2 trillion federal stimulus package signed into law under the CARES Act earlier this month. On April 3, the federal government launched a heretofore unprecedented program to funnel money to U.S. small businesses hit hard by the coronavirus pandemic.

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Community Bank Community Maine Georgia 149

PYMNTS

OCTOBER 6, 2017

5), Alenka Grealish, senior analyst at Celent, penned an article for American Banker with a prediction: The small business (SMB) credit space is headed for a “shake-up.” Indeed, the remainder of 2017 and 2018 will see more partnerships between the banks and FinTechs.”. On Thursday (Oct. The company, based in the U.K.,

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Lending Capital Marketing Report 152

PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). There are some key differences in place between CoDi and what might be seen elsewhere. Solving For The Chicken And Egg Problem.

Payments 363

Payments User Experience System Mobile 363

Jessica Ellerm

MARCH 14, 2016

Fintech startups may find it easy to sit back and bemoan the ethical failures of CBA. Last time I checked most fintech startups were still profit driven, answerable to shareholders – private or public – and operating by very similar business models to banks. But for general banking and fintech, where to from here?

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Fintech Leadership US Policies 40

Independent Banker

AUGUST 31, 2021

Bob Moore, Augusta Food Bank’s executive director, says traffic was backed up for miles. That day’s event was just one of the many ways in which Kennebec Savings Bank stepped up to help its community in 2020. A local stalwart since its founding in 1870, the community bank was signed into existence by Civil War hero and Gov.

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Community Bank Community National Fresno 196

South State Correspondent

MARCH 28, 2022

These trends received more support this month when the President signed an Executive Order supporting the legal and equitable use of technology around a digital currency and digital assets ( HERE ). By way of background, we gave bankers a primer on how to work with defi and blockchains a while back ( HERE ).

Payments 195

Payments Trends Data Fintech 195

Gonzobanker

OCTOBER 7, 2019

They want one sign-on, and they want it all on mobile. An important takeaway for bankers: 70% of these employees will be Millennials or younger in about five years. The same business acquisition skills bankers need for customers are necessary for recruiting. Then, it needs to redirect freed-up HR staff to more value-add efforts.

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Resources Training Millennials System 79

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. And you may find yourself living in a shotgun shack And you may find yourself in another part of the world And you may find yourself behind the wheel of a large automobile…” -David Byrne.

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Technology Regional Community Bank Community 145