Independent Banker
FEBRUARY 28, 2023
Illustration by The Laundry Room/Stocksy Customer data fuels efficient and effective marketing these days. Andrew Catalano, Austin Williams While most community banks aren’t yet using first-party data for marketing purposes to grow revenue and retain customers, experts say those willing to invest in the effort can reap big rewards. “To
PYMNTS
NOVEMBER 13, 2018
Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” The alliance includes a dozen firms that have between $251 million to $20 billion in assets.
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Independent Banker
MARCH 31, 2022
For a community bank to be innovative means you need to make big bets with your depositors’ capital—and that’s something we take very seriously,” Thurlow says. “By By working with other banks, we can share the costs, which allows us to take bigger bets on innovation than each of us could do on our own.”. The whole package. “The
PYMNTS
SEPTEMBER 11, 2019
From ticketing platforms such as Gametime to payments companies such as Visa , innovators are harnessing the power of mobile. legal sports betting market following a 2018 Supreme Court Decision to legalize such activities is $150 billion. And consumers are forecast to spend $23 billion on mobile tickets by 2023.
PYMNTS
APRIL 24, 2018
But he wanted to test out the idea before bringing it to market, so he built a splash page with a minimum viable product (MVP) and posted it on a local mom group page on Facebook. While there are other services geared toward providing lunches to kids, such as Yumble , Cooper said the company has the first-to-market advantage.
Independent Banker
AUGUST 31, 2022
Often, innovation and creativity soar when we allow employees to be curious and explore new ways of thinking.”. One community bank that has found success in retaining its best employees is $180 million-asset Malvern Bank in Malvern, Iowa. One bright idea for community banks to consider is equipping team members with “power skills.”
CB Insights
DECEMBER 5, 2017
XL Innovate. HCS went through a major management shakeup in November 2016 when former AIG head of commercial insurance strategy and innovation Greg Wolyniec joined as president and CEO, while AIG president of liability and financial lines Alexander Baugh was named chairman of HCS’s board of directors. American Family Ventures.
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