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.

Community 139

Community Community Bank social media Security 139

South State Correspondent

APRIL 4, 2024

Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges. Community banks’ focus on business banking must adapt to offer more sophisticated products to larger business clients. With time, these changes will only amplify.

Risk Management 195

Risk Management Community Bank Policies Community 195

PYMNTS

JUNE 1, 2018

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. billion in securities from Russia were processed through the Estonian financial system. Other options aren’t on the table.

cryptocurrency 124

cryptocurrency National System Report 124

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. And you may ask yourself, ‘How do I work this?

Technology 131

Technology Regional Community Bank Community 131

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

South State Correspondent

APRIL 15, 2024

We feel that as community bankers, we can learn from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet’s annual shareholder letters. As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry.

Community 195

Community Community Bank Leadership America 195

PYMNTS

OCTOBER 5, 2016

Eccrine Systems, Inc. million for its noninvasive wearable system that focuses on sensing — yes — sweat. The announcement revolves around its Series A funding with participation and support from CincyTech Fund IV and other sources within the CincyTech local, regional and national investor community. just raised $5.5

System 138

System United States Community Apple 138

PYMNTS

APRIL 29, 2020

Amid a focus on off-premise dining and digital technology, Yum! KFC reported a first-quarter system sales decrease of 2 percent as an 8 percent same-store sales drop was offset, in part, by 6 percent in net new unit growth. About 7,000 of its global stores were closed as of its 8-K filing, and that figure rose to about 11,000.

Branding 141

Branding Technology United States Training 141

BankUnderground

AUGUST 9, 2022

We argue that if an open and decentralised metaverse grows, existing risks from cryptoassets may scale to have systemic financial stability consequences. But many of the enabling technologies to create this ecosystem do already exist. None currently meet the Bank’s standards for a systemic stablecoin.

System 132

System blockchain cryptocurrency Lending 132

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. A lack of safety and soundness rules will expose the financial system to significant vulnerabilities.”.

Regulation 349

Regulation National System Industry 349

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation (gpi) services via the payments engine of ACI Worldwide, according to an announcement.

National 122

National Innovation Customer Experience Payments 122

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

JANUARY 9, 2018

While marketplace lending platforms and alternative finance players first surfaced to compete with traditional financial institutions (FIs), many large banks have now realized that collaborating with these companies is the way to better service SMBs — and without the added investment in developing proprietary systems.

Community Bank 131

Community Bank Community Fintech Lending 131

Independent Banker

FEBRUARY 28, 2023

I will continue to advocate for community banking, and for the rest of my career, stand side by side with you to fight our future battles. The work you’re doing every day puts real faces and names to the communities we’re fighting for, and it has been a privilege to be your representative at the national level.

Community Bank 175

Community Bank Community Maine Industry 175

CFPB Monitor

OCTOBER 11, 2022

The White House’s Office of Science and Technology Policy has identified a framework of five principles , also known as the Blueprint for an AI Bill of Rights. The principles are intended to guide the design, use, and deployment of automated systems and artificial intelligence for greater public protection.

System 148

System Data Community Resources 148

Perficient

JULY 1, 2020

As with all deployment patterns, the goal is to introduce the newly deployed system to the users with as least risk and in as secure a manner as possible. As noted below, the motivation of this particular approach is to identify a small segment of the user community that can act as an initial response group. Canary Deployment.

Groups 309

Groups System Community User Experience 309

PYMNTS

APRIL 14, 2020

To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. Our industry-leading rates platform now combined with Currencycloud’s capabilities will make our offering even more powerful for our regional and community banking clients.”.

Regional 181

Regional Community Bank America Community 181

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

Abrigo

FEBRUARY 25, 2022

Takeaway 3 Technology allows lenders to blend these approaches while achieving greater economies of scale. The traditional relationship lending approach for business loans – personal attention and local connections – offered by community banks and credit unions provides a competitive advantage in winning small business loans.

Lending 195

Lending St. Louis Community Survey 195

South State Correspondent

DECEMBER 8, 2023

In recent years, product selection, advisory, technology, and a commitment to help support growth have jumped up in importance. Banks are Investing in Core Modernization The amount of discussion and investment in upgrading and modernizing the core systems of financial institutions is picking up steam, as evidenced by the data below.

Conference 195

Conference Retail Community Bank Technology 195

PYMNTS

SEPTEMBER 30, 2020

The release added that “demand for vaccines will likely be greater than initial supply,” meaning that national organizations will have to decide where the vaccines will be delivered first. The news comes as Salesforce continues to expand its technology offerings to boost payment capabilities for users.

San Francisco 168

San Francisco Resources Management System 168

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association.

Community Bank 172

Community Bank Community National Philadelphia 172

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. We are in awe.

Fintech 194

Fintech Community Regional Technology 194

CFPB Monitor

NOVEMBER 20, 2019

The Task Force on Financial Technology of the House Financial Services Committee has scheduled a hearing entitled “ Banking on Your Data: The Role of Big Data in Financial Services ” on November 21, 2019. The Task Force is expected to explore, in part, a legal framework for big technology firms that have entered the financial marketplace.

Big Data 60

Big Data Financial Technology Data Technology 60

Perficient

JULY 16, 2020

Three leading organizations — Salesforce , Perficient , and The Chartis Group — have come together to share bright spots within the healthcare community that can point the way to building the necessary capacity to adapt. The stories of health systems rapidly deploying virtual solutions were impressive and inspiring.

Operations 309

Operations System United States Video 309

Gonzobanker

FEBRUARY 22, 2024

For bankers to be successful in the small business lending market, they need to execute on several key tenets: strategy, people, process and technology. Community banks need to analyze the demographics and varied business segments to identify the growth potential of each market. No two markets are created equal.

Lending 78

Lending Community Bank Community Strategy 78

PYMNTS

NOVEMBER 19, 2019

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. As Cointelegraph reported, U.K.-based

blockchain 217

blockchain Puerto Rico Virgin Islands United States 217

PYMNTS

JANUARY 3, 2019

On another note, the National Electronics and Computer Technology Center (NECTEC) in Thailand created a system for voting that is based on the blockchain, Coindesk reported. The system could have applications ranging from elections at the community, provincial and nation levels to board of director votes in business.

Bitcoin 167

Bitcoin blockchain cryptocurrency National 167

CFPB Monitor

MARCH 10, 2022

Titled “ Executive Order on Ensuring Responsible Development of Digital Assets ,” the Order is described by the White House as “outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.”.

FDIC 148

FDIC National cryptocurrency Leadership 148

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

Perficient

JULY 28, 2020

But which tools and technologies are the best fit – and the best investment? Embracing digital technologies and automation for partner programs will become necessary for survival. 1 million in savings for internal systems development. You know it’s critical to stay connected to your customers.

Report 332

Report Software Study Management 332

Chris Skinner

MARCH 17, 2017

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved. appeared first on Chris Skinner's blog.

Apple 307

Apple Innovation Fintech United States 307

South State Correspondent

SEPTEMBER 20, 2023

For these teams, access to technology emerged as a clear area of interest for achieving operational efficiency. Electronic payments ranked as one of the top three areas of planned technology investment, along with banking transaction integration and improved enterprise resource planning (ERP) systems.

Management 195

Management Survey Industry Community Bank 195

Abrigo

FEBRUARY 27, 2020

The Financial Crimes Enforcement Network (FinCEN), along with the Federal Banking Agencies, released a joint statement in December 2018 emphasizing financial institutions’ need to embrace technology to strengthen their BSA/AML programs. Transparent AI means you understand the system. Be at the forefront of innovation in BSA/AML.

Innovation 195

Innovation Software United States Compliance 195

PYMNTS

OCTOBER 22, 2020

Although lower costs and increased availability of new peer-to-peer (P2P) payment systems have allowed more first-time users to enjoy the ease and benefits of the banking system, the fact remains that 1.7 billion adults are still “unbanked.”. Crypto And AI/ML.

Payments 206

Payments Community Mobile Comparison 206

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation. The banks have also agreed to share data on emerging markets. .

Fintech 211

Fintech San Francisco National Innovation 211

Abrigo

JULY 10, 2020

Community banks and credit unions partnered with their communities to help families and businesses through these unprecedented times , causing spikes in consumer fraud that must be faced head on. Crisis Business Membership Strategy in 2020: Adapting Technology and Executing in the New Normal. Loan Origination System.

Fraud 195

Fraud Lending Software Analytics 195