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...
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.
Community Banks are utilizing the plug and play partnership to innovate as it allows them to offer digital services in...
Deciding what new technology works best is a struggle that community banks are continuing to work through as they try...
Patrick Sells is the Chief Innovation Officer of Quontic Bank, a community bank based in New York; he is American...
Two new surveys by Promontory Interfinancial Network and Dun & Bradstreet with Pepperdine’s Graziadio Business School point to a growing sense of...
Making a strategic decision like what tech vendor to use for a community bank can make or break the future...
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.
In an op-ed on CNBC.com the president and CEO of the Florida Bankers Association writes about the importance of community...