Community Bank Innovation Strategies Strategy 
South State Correspondent
FEBRUARY 4, 2025
However, not all have a specific Gen AI strategy, and they should make their journey more efficient. A quality Gen AI strategy aligns an organizations objectives, its use cases, and the delivery mechanism and metrics that measure business value. Few community banks have the resources to accomplish both, and both are sizeable efforts.
Independent Banker
OCTOBER 31, 2021
Community banks are independent institutions fueled by the needs of their individual communities, so what constitutes innovation will look and feel different for every bank. As the popular saying goes, “Creativity is intelligence having fun”—and the same can be said for innovation. Photo by Robert Severi.
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Bank Innovation
JANUARY 7, 2019
Automation is the theme that best describes Chesapeake Bank’s innovation roadmap for 2019, Kevin Wood, managing director of the state-chartered community bank’s business lending division, Cash Flow, told Bank Innovation. “One
Bank Innovation
JANUARY 27, 2020
For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St. Elizabeth recently invested in Neocova, a St.
PYMNTS
MARCH 20, 2019
In fact, they make the timing of their product rollouts a crucial part of their innovation strategies. Only after observing their competitors’ missteps do they fully commit to the rollout of their innovations. percent of the top innovators in the financial sector said they observe market trends first. As much as 53.3
Independent Banker
OCTOBER 1, 2022
Community banks are at a critical juncture when it comes to cybersecurity. Every year, ICBA surveys the industry and its members to identify their top concerns as part of its innovation strategy. With the explosion of digital solutions, community banks must train bank staff and customers on cybersecurity best practices.
Bank Innovation
FEBRUARY 3, 2020
Smiley Technologies, a core banking provider focused on community banks, is trying to help its bank clients secure larger deposits by partnering with deposit technology company Reich & Tang.
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