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Now is a prime time for digital account opening

Independent Banker

When they can’t—or simply don’t want to—come to a branch, being able to open an account digitally is important, and increasingly in demand. customers expect to increase their use of digital banking channels once the COVID-19 crisis passes. The Bank of Idaho integrated online account openings into its website in 2015.

Idaho 134
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Here is The Math Behind the High-Yield Account

South State Correspondent

” This banker may even be thinking of starting a completely new digital bank using a high-yield account as its flagship product. Customers rarely walk into your branch or through digital doors, ready to move the business to you. The high-yield bank must keep acquiring new customers to offset the churn.

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Deep Dive: How Banks Use Digital Technologies To Outlast The Coronavirus

PYMNTS

Exploring why banks need to implement these tools is critical as these technologies could them keep their customers satisfied and able to financially weather the pandemic. Shifting In-Branch Operations. HSBC UK has also adjusted its operating hours and is limiting the number of customers that can enter its locations at one time.

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2020 GonzoBanker Awards

Gonzobanker

To Idaho Central Credit Union Chair Dorothy Ricks , who passed away unexpectedly in November. There have been many come-and-go digital banks. For a digital bank, Axos has a net interest margin twice that of Wells and BoA with an expense ratio under 2% – that helps drive a 15.5% THE TECHNOLOGY AWARDS.

Idaho 157
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Banking’s CRM Conquerors

Gonzobanker

Idaho Central Credit Union and Delta Community Credit Union successfully deployed CRM in the contact center. Idaho Central estimated it gained two to three FTE worth of efficiency in just the time saved at the beginning of every member call. Digital & Marketing. Enterprise Unification & Workflow.

Idaho 119
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The 2019 GonzoBanker Awards

Gonzobanker

Kent Oram, CEO, Idaho Central Credit Union – As evolution, revolution and occasional shareholder dilution occur across the industry, a leader in Idaho has quietly worked over the past 12 years on accumulating legendary performance. As Capital One CIO Rob Alexander said famously a year ago, “We’re a software company.”. It’s game on.

Idaho 148
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COVID-19: Real Trends and Stories From the Front Line

Gonzobanker

As bankers re-open, this might be the opportunity to accelerate efforts to create new go-forward delivery operating models. First Commonwealth Bank, $8.3 First Merchants Bank, $12.4 Idaho Central CU, $5.0 billion, Chubbuck, Idaho Lake Michigan CU, $6.9 The Bank of Tampa, $1.9 billion, Indiana, Pa.

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