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Why community banks are partnering with fintech startups

Bank Innovation

As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Radius Bank, a one-branch Boston-based community bank with $1.2

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Boston banks Berkshire, Brookline to merge in $1.1 billion deal

American Banker

The combination would create a Northeast regional bank with nearly $24 billion of assets. It would rank as the eighth-largest bank in the Boston metropolitan area by deposit market share.

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B2B Investors Set Sights On Data, AI, Analytics

PYMNTS

Cross River Bank. Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene.

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Function Over Flash

Independent Banker

Newfangled mobile capabilities could help community banks stand apart from their competitors. And most of the remaining one-quarter of community banks that the Boston Fed surveyed that didn’t yet offer a mobile banking service had planned to offer these baseline features and functionalities by 2016.

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Function Over Flash

Independent Banker

Newfangled mobile capabilities could help community banks stand apart from their competitors. And most of the remaining one-quarter of community banks that the Boston Fed surveyed that didn’t yet offer a mobile banking service had planned to offer these baseline features and functionalities by 2016.

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Duly Authorized

Independent Banker

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. They have the money and, in theory, they are vulnerable,” adds Terri Sands, director of payments and fraud prevention for State Bank & Trust in Atlanta, a $3.3 billion-asset community bank.

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Shaping the Message

Independent Banker

“It’s becoming more and more important for community banks to emphasize that they have the same products and services as large banks.” Eric Morse, Needham Bank. Mental cobwebs of outdated perceptions can sometimes be hard for a community bank to shake off. Boston native. Lifelong Boston Bruins fan.