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How To Ensure Community Banks Aren’t Left Behind In The Digitization Revolution

PYMNTS

“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. He pointed to small business lending operations as one example of this balancing act.

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2020 GonzoBanker Awards

Gonzobanker

Bankers started the year with good business plans, strong balance sheets, and optimism. Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Even George Bailey would have given you the thumbs up. Everything.

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Covid-19 Has Scrambled Fintech’s Winners & Losers. Here’s The Short- & Long-Term Outlook.

CB Insights

Mirroring other sectors, fintech activity and investment has been muted through the first five months of 2020. At the same time, the story for fintech is more nuanced. In this brief, we look at the short-term and long-term effects of Covid-19 on five parts of the fintech ecosystem: Payments. Banking & Lending.

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10 Big and Small Ideas From Gartner and Money 20/20 – Recap

South State Correspondent

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Instead of shopping online and scrolling through a catalog of products, consumers would like to see something on Reels or Tik Tok and buy there. Small Idea – It’s Our Kid’s Technology. cyber, infrastructure, and regulation.

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Fintech Trending: Alt-Lending Woes, Asia Grows and Everbank Exits

Fintech Labs Insights

If unanimously positive perceptions are the hallmark of a bubble, then rest assured that the alt-lending market has moved past that stage. So if there’s no bubble in the alt-lending part of the fintech universe, should we fear a bust? Diverging fortunes among these companies is a good sign. Fintech Advances in Asia.

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Growth Loops – The New Way To Grow Bank Product Sales

South State Correspondent

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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Six Digital Myths Hampering Banks' 2015 Strategic Planning

Fintech Labs Insights

It all could have been done in a few minutes online or via mobile had that option been available. Myth 2 >> Desktop online banking is still needed for "serious" work Truth : Banking by the desktop has peaked too. brick-and-mortar footprint will fall 30% to 40% by 2020 Thoughts : I get that people like the local branch.

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