According to data from FIG Partners total loans at publicly traded banks with assets of less than $20bn rose 9.2...
·
Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.
Small banks are unable to put endless resources into projects to test new technologies and must be more strategic in...
Like millions of other businesses here at LendIt Fintech we have been impacted dramatically by the coronavirus. We have had...
We have another busy week of great sessions for LendIt Fintech Digital: Tuesday 12pm ET – The Power of Mental...
Making a strategic decision like what tech vendor to use for a community bank can make or break the future...
Hot on the heels of Lending Club’s partnership with community banks, Prosper today announced a partnership program with Western Independent...
Alibaba’s Ant Group Plans Hong Kong IPO At $200B+ The Startup Movement Is Globalizing: New Report Proves It Global Digital...
What has been a standard feature at big banks for some time, real time messaging is now being offered by community banks who see the value in reaching customers more efficiently; the digital feature could also help the bank to reach more people who they would normally not have access to; “We can use it as a counseling tool to help strengthen relationships and improve a customer's financial health," said Ron Strand-Sorrell, EVP and COO at Axiom Bank, to American Banker as they recently rolled out the messaging; becoming more digital can also help the banks to better position themselves to attract millennials. Source.
Bankrate reports that despite their limited resources community banks can effectively compete with big banks today; community banks have two...