Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. We’ve got capital market resets that are potentially happening, technology advancements and continued heightened digital expectations. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends. By Colleen Morrison.

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Independent Banker

NOVEMBER 30, 2022

As community banks grow, their vendor partnerships usually also do, which can lead to challenges with organization, data security and more. To address these issues, some community banks have turned to artificial intelligence. In finance, too, AI has been held up as the answer to any number of challenges that community bankers face.

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Independent Banker

OCTOBER 1, 2022

The West Virginia community bank is helping small-business customers get the financing they need while continually seeking new ideas to plan for its own future. Commercial clients make up nearly 60% of the loan portfolio at the $850 million-asset community bank based in Bruceton Mills, W.Va. By Mindy Charski. Name: Clear Mountain Bank.

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Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

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Independent Banker

NOVEMBER 30, 2021

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud. New account fraud.

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Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics. “And

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Independent Banker

AUGUST 31, 2021

The payments space can be dizzying for even the most enterprising community bank. For example, enabled by application programming interfaces (APIs), many community banks are embracing fintech solutions. Those answers are going to come in from those deep relationships that community bankers have with their customers.”.

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Independent Banker

AUGUST 31, 2022

So how do social payments fit in community banks’ long-term future? Those behaviors may pose a real threat to community banks. The community bank opportunity. But among these competitive concerns, possibilities emerge for community banks. By Colleen Morrison. billion,” says Giorgio. DJ Seeterlin, Chesapeake Bank.

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PYMNTS

NOVEMBER 20, 2019

Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter Wednesday (Nov. They asked whether the technology could be accessed by foreign entities, or whether the technology posed a risk to national security.

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Independent Banker

DECEMBER 31, 2021

Here’s what community banks need to know about these products and how they can take advantage of this model. BNPL: The community bank play. Those drawbacks present opportunities for community banks to emphasize their roles as trusted financial partners. Colleen Morriso n is a writer in Maryland. By Colleen Morrison.

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Independent Banker

MARCH 31, 2022

Making the switch to a new core technology provider can be a daunting task, since many core relationships last years, if not decades. Faced with several transitional issues, here’s how these community banks gained support from their new providers to adapt to the change. of community banks changed their core processing vendor in 2020.

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Abrigo

DECEMBER 4, 2015

Sageworks partnered with state associations and other industry organizations and provided presentations at numerous national and regional events in 2015, including: • The Missouri Bankers Technology Conference • The Maryland-DC Credit Union CFO Roundtable • The North Carolina Bankers Association CFO Symposium • Seminars for Community Bankers Association (..)

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PYMNTS

OCTOBER 15, 2018

When Maryland Attorney General (AG) Brian E. In a new report from SCORE , researchers revealed just how large of a target small businesses are for cybercriminals, deploying a range of technologies to carry out their crimes — 43 percent of cyberattacks targeted SMBs last year. Last year, 113,000 incidents of macro malware hit U.S.

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Independent Banker

JANUARY 26, 2016

Will community bankers be playing with ‘gamification’ soon? These technology companies have figured out ways to make activities that are not particularly glamorous into virtual games, where measuring progress can be a sport in and of itself. By Elizabeth Judd. Fitbit Inc., A study titled “Innovation in Retail Banking” by Infosys Ltd.,

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Independent Banker

NOVEMBER 13, 2014

Once upon a time, community banks were more than happy to leave the chore of choosing technical devices and running networks to their chief technology officers. At the same time, budgetary and critical technology decisions are increasingly being made outside the traditional IT department. Building bridges. Mobile confusion.

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Independent Banker

AUGUST 26, 2015

Elastic and nimble budgeting for technology. At some community banks, budgeting for technology has become a more important focus over the past several years. Community banks need to be nimble enough to change from their plan when they need to. Over the past two years, Community Trust Bank in Ruston, La.,

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Independent Banker

FEBRUARY 24, 2016

Many of your community bank’s customers are using smartphones, and most smartphone users with bank accounts are using mobile banking. By connecting to the Apple Watch in October, the $580 million-asset community bank became the first in Oklahoma to let customers carry their bank on their arm. By Ellen Ryan. Duggan Roberts does.

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Independent Banker

FEBRUARY 24, 2016

Now that many community banks have issued credit and debit cards with anti-skimming smart chips, the industry is returning to an earlier focus on another card security measure: tokenization. The free enrollment is available to community banks that have their card transactions processed by FIS in St. By Elizabeth Judd and Tim Cook.

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Independent Banker

NOVEMBER 13, 2014

The Internet of Things, also known as the Industrial Internet, is where networked smart devices communicate to powerfully automate a multitude of complex tasks for both consumers and businesses, potentially including community banks. The technology research think tank Gartner Inc. Highlighting Technology Trends'

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Independent Banker

DECEMBER 13, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., See sidebar for details on the tool itself.).

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Independent Banker

NOVEMBER 24, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., See sidebar for details on the tool itself.).

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Tools Community Community Bank Security 70

Independent Banker

OCTOBER 14, 2014

When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I As community banks, we’re very service-oriented,” he says. Hubs of Opportunity. By Elizabeth Judd. Evans between July 2013 and July 2014.

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Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank. Build your community. It’s in their DNA.

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CFPB Monitor

AUGUST 19, 2022

New developments are often opposed by small groups prioritizing their own self-interest over the interests of the community at large. It took 44 years for the law to catch up to modern technology, but the CFPB finally did it in 2021 with Regulation F’s guidelines for FDCPA-compliant electronic communications like email and text messages.

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MyBankTracker

JULY 31, 2020

Police officers, firefighters, and emergency medical personnel (EMTs) are community heroes and the first to show up in a crisis. As a “thank you” for protecting the community, some banks and credit unions offer special loans to these individuals as a way to give back. They’re visible throughout many communities.

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Community Cards Online Maryland 52

Jeff For Banks

JUNE 2, 2023

Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? In many respects, community banks were caught in the cross-fire through the purchase of those mbs instruments – and subsequent trial through public sentiment. Remember K Bank in Maryland? They will not be my bank for long.

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PYMNTS

NOVEMBER 22, 2019

When Amazon Go’s cashierless checkout technology came out, its ambitions were modest. The technology is also slated to support a series of pop-up shops. Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan were co-signatories of a letter Wednesday (Nov.

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PYMNTS

DECEMBER 23, 2019

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry , directly to corporates. Postal Service , according to an indictment by a federal grand jury in Maryland. About $2 million in fraudulent invoices were reportedly sent to the U.S.

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PYMNTS

JANUARY 18, 2018

Montgomery County, Maryland. Through this process, we learned about many new communities across North America that we will consider as locations for future infrastructure investment and job creation.”. Boston, Massachusetts. Chicago, Illinois. Columbus, Ohio. Dallas, Texas. Denver, Colorado. Indianapolis, Indiana. Miami, Florida.

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PYMNTS

JUNE 15, 2018

Gregg in Maryland and Virginia, and also has plans for more stores across states where it already has a presence. The new format focuses on community and creative learning, with dedicated spaces and supporting technology. An open community space will be available for classes, events and machine rentals.

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William Mills

SEPTEMBER 12, 2017

Digital banking solutions for community banks and credit unions. This technology powers a ton of other FinTech companies (something that I don’t think most people know). Powered by homorphic encryption, ENVEIL’s technology is the first scalable commercial solution to cryptographically secure Data In Use. MalauzaiMonkeys.

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PYMNTS

JANUARY 27, 2021

Digital payment and banking technology provider i2c on Wednesday (Jan. 27) announced partnerships and product launches with Archa , Community Bank of the Chesapeake (CBTC) and Credit Sesame , according to a press release.

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Independent Banker

MAY 31, 2022

When companies sign on to the ICBA ThinkTECH Accelerator, they are looking to home their products and services to better support community banks. As community bankers visited The Venture Center, they too, presented the cohort with ways in which we might work together. By Colleen Morrison. It’s very much a one-two punch.”.

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