Community Banks are Pessimistic About the Next Few Years

Two new surveys by Promontory Interfinancial Network and Dun & Bradstreet with Pepperdine’s Graziadio Business School point to a growing sense of doom among community banks; 40 percent believe business conditions will get worse in the next 12 months and 88 percent see increased funding costs coming; the lending outlook was mixed with 40 percent of promontory respondents saying they saw increased demand, but 43 percent of Dun & Bradstreet respondents say only a third of small businesses were looking for financing in Q1; fintech has become less of a concern as more banks have struck partnerships in the past couple of years and cybersecurity has become a bigger issue as banks become more digital. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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