Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs.
Category: Focus
4 ways to get more out of your core
Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. The good news is that those tools might already be at their fingertips.
Ways to detect and prevent money mules
The number of money mule schemes affecting community banks is increasing, in part because of the pandemic. Here’s how two community banks are protecting their customers from falling victim to fraud.
Q&A: Investment advisory and brokerage
Many community banks don’t offer their customers investment advice or brokerage services but contracting with a third party could bring opportunities to deepen relationships with existing customers.
How to do a cybersecurity risk assessment
The way community banks gauge cybersecurity risk is the same as for any other risk, but it’s becoming more important as the industry adopts the latest digital tools and practices.
7 ways community banks can boost profitability
A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year.
Will D&I requirements change this year?
Some lawmakers on Capitol Hill are increasingly interested in diversity and inclusion (D&I) compliance requirements for financial institutions. Here are the key areas of D&I policies and practices that community banks may need if these requirements change or become mandatory.
How to navigate payments trends
The payments space can be dizzying for even the most enterprising community bank. How do you navigate the constant churn of innovations or disruptors? Experts point to a strategy built on customer input and relationship-building.
Why banks are using AI for risk management
With its data-heavy and often time-intensive processes, risk management is one area where community banks may be eager to put artificial intelligence to good use. Community bankers and AI experts explain how they’re using AI-driven regtech solutions.
How CDFI banks plan to use federal funding
Congress recently passed an infusion of stimulus dollars for community development financial institutions. These two new funding programs are preparing community bank CDFIs for huge growth opportunities.