Bankrate reports that despite their limited resources community banks can effectively compete with big banks today; community banks have two...
Deciding what new technology works best is a struggle that community banks are continuing to work through as they try...
In an op-ed on CNBC.com the president and CEO of the Florida Bankers Association writes about the importance of community...
With community banks pulling back on lending to small businesses vertical software platforms are filling the void. They provide software, of course, but are increasingly also providing access to capital.
Community Banks are utilizing the plug and play partnership to innovate as it allows them to offer digital services in...
In episode seven of PitchIt: the fintech startups podcast we talk with MANTL Co-Founder & CEO Nathaniel Harley. Bank technology...
Nbkc is based in Kansas City and is one of the first community banks to create their own fintech accelerator;...
Community banks feel the pressure from fintech companies and big banks as technology is changing the way banks operate; a recent SourceMedia survey of 304 chief information officers of banks, credit unions and other financial services firms says 70 percent plan to invest more in technology in the near term; they are digitizing lending, making document collection easier, investing in mobile app technology and more. Source.
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Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.
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.