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What Does and Gen AI Strategy Look Like for a Community Bank?

South State Correspondent

In this article, we highlight some Gen AI strategy insights for community banks and provide tools to help bankers advance their programs. For example, in the next year, does the bank want to focus on making its employees more productive or enhancing customer experience. appeared first on SouthState Correspondent Division.

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Why You Need To Use Funds Transfer Pricing in Banking

South State Correspondent

All domestic systemically important banking organizations and most large regional banks engage in some form of FTP practices and building blocks. However, over the years, there has been considerable debate at community banks on how to implement the principles of FTP to various balance sheet accounts like loans and deposits.

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Brad M. Bolton: Educating future leaders

Independent Banker

In community banking, we’re not ones to rest on our laurels. We’re always raising the bar for ourselves, our teams and our communities to ensure we provide the best possible services to our customers. You want your teams to think not like employees but like co-owners of your bank’s successes. We teach them.

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Book Report: Community Banking Strategies by Vincent Boberski

Jeff For Banks

But this doesn''t mean that our knowledge base shouldn''t be in the weeds. The author is very experienced in bank investment portfolio management. bank portfolio management bank strategy banks BOLI Community Banking Strategies credit unions Jeff Marsico Kafafian Group thrifts Vince Boberski Vincent Boberski'

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What are power skills?

Independent Banker

The skills needed to succeed in the workplace are changing, with companies placing greater value on soft skills like communication and leadership. In response, community banks have an opportunity to revisit hiring policies and training programs. Being a community bank, our customers are our neighbors.

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What is the ROI of a Banking Conference?

Jeff For Banks

I still find this to be a challenge at community banks. So the engineering firm ends up at "Big Bank", and the community bank wonders why. I described the problem to the Lendio guy, and we had a back-and-forth on how community banks can solve it. They want to grow small business deposits.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

Few speakers or vendors had solutions for how banks are going to efficiently index, manage, and optimize their knowledge base, not to mention customer data. While the risks were well represented, the noticeably missing piece in the M2020 conversation was the effort needed to get gen AI agents accurate.