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Charles Potts: Fueling growth through innovation

Independent Banker

Demand for digital solutions continues to accelerate, making innovation an imperative for community banks looking to excel in today’s evolving market. That’s why ICBA makes innovation a priority and provides community banks with the information and tools necessary to grow and succeed in today’s competitive landscape.

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25 Million Mobile Users, Only 2 Million on Bank of America’s Erica

Bank Innovation

Keep in mind that we started the rollout earlier this year with Rhode Island (which has a relatively small population) and completed in all markets in June," Betty […]. Bank of America might have 25.3 million active mobile users, but only two million of those users are using the bank's virtual assistant Erica.

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Using Debit Cards To Bridge The Stimulus Accessibility Gap

PYMNTS

FinTech Galileo recently announced a debit card-issuing solution that its financial institution (FI) clients can use to supply cards to their own business customers. Debit cards are also being used to more quickly pay workers who need fast compensation now more than ever.

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The United States Of Artificial Intelligence Startups

CB Insights

They include cybersecurity company StackPath ($180M) and fintech companies Opera Solutions ($122M) & Petuum ($108M). The startup with the least funding on the list is Rhode Island’s The Innovation Scout , a SaaS platform that has raised $50K. Rhode Island. The Innovation Scout.

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Union Savings Bank’s tech touch

Independent Banker

(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., Continuing to innovate. This is not the end of technology innovation for Union Savings Bank. Photos by Mike Yamin.

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Mobile apps for community banks: In search of business value

NCR

US community banks have entered a tough race, with large banks and fintechs setting standards for mobile banking. For example, Bank Newport, a Rhode Island community bank, has been serving locally for nearly 200 years. A way to outcompete? What does it mean for community banks?