While artificial intelligence has made headlines for years with a promise of automating complex tasks throughout the bank, the lesser-known robotic process automation (RPA) could help community banks efficiently manage manual processes.
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.
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.
Web content is an essential tool for drawing existing and potential customers to your community bank’s website and keeping them informed about your products and services. Community bank experts share their blogging best practices.
Assessing how to pay for innovation can be tricky. There are numerous solutions out there, each with its own timeline for implementation, training and return on investment.
The reality is that most community banks aren’t likely to switch to a new core due to perceived time or cost restraints. That makes leveraging that existing core relationship all the more important to reaching strategic goals. Here’s how to make the most of this vital relationship, according to community bankers and core providers.