COVID-19 is changing core conversions. Here’s how Apr 01st 2021 12:04am on Focus, Software, Tech COVID-19 is changing core conversions. Here’s how Apr 01st 2021 12:04am on Focus, Software, Tech As a result of COVID-19, some bank functions are being done remotely. But what about transitioning to a new core provider? Both banks and vendors report that there are clear benefits—and some drawbacks—to switching core systems remotely.
Barwick Banking Company blasts into the digital age Apr 01st 2021 12:04am on Connections, General, Operations & Management, Software, Tech At the start of 2020, Barwick Banking Company relied on paper ledgers and didn’t offer debit cards, let alone online banking. Now, a year later, the community bank in Barwick, Ga., offers all of that—and more—with an eye on expanding into new markets.
6 ways to boost your social media strategy Mar 01st 2021 12:03am on Banks, Industry Insight, slide, Software, Tech Community banks are building relationships through an active, thoughtful presence on social media. Rather than a distraction, these platforms are an extension of the close customer relationships that community banks foster. Here, experts share their top strategies for a winning social media presence.
Could apps improve your customers’ financial health? Feb 01st 2021 12:02am on Focus, Software, Tech Fintech-developed apps that help customers manage their finances are looking to partner with community banks to help them reach new customers and deepen existing relationships.
Charles Potts: 6 innovation trends for 2021 Jan 01st 2021 12:01am on Columns, Software, Tech, Trends As we start the new year, much remains uncertain. In general, “uncertainty” implies a state of limited knowledge that makes it impossible or impracticable to describe a future outcome.
Charles Potts: A truly innovative year Dec 01st 2020 12:12am on Columns, Software, Tech, Trends Let’s take a moment to reflect on the challenges and victories of the past year and celebrate the heroic action that community banks took to meet the needs of their customers and communities.
Charles Potts: Transformation amid COVID-19 Nov 01st 2020 12:11am on Columns, Software, Tech, Trends The COVID-19 crisis and government interventions like the Paycheck Protection Program (PPP) have accelerated digital transformation, creating new opportunities for community bank innovation. From the start, community banks took swift and heroic action, processing 2.8 million PPP loans for their small business customers in a matter of weeks.
Why AI is no longer optional for community banks Nov 01st 2020 12:11am on Banks, Industry Insight, slide, Software, Tech In a short time, artificial intelligence has gone from fodder for Hollywood blockbusters to an everyday tool inside businesses of all kinds, including many community banks. These institutions and their vendors are putting machine learning technology to work in nearly all areas of the bank, from compliance to fraud prevention.
COVID-19 is accelerating commercial loan automation Nov 01st 2020 12:11am on Business, Focus, Lending, Software, Tech The huge surge in Paycheck Protection Program applications caused many community banks to adopt new technology to speed up their commercial loan processes. Rather than being temporary measures, these solutions may stick around for the long term.
Looking at fintechs? Here’s how to partner better Nov 01st 2020 12:11am on Focus, Products & Services, Retail, Software, Tech Navigating a new vendor relationship isn’t always easy, but what if the company is a startup like many fintechs? Fortunately, the process for community banks looking to partner with or utilize fintechs is not too different than working with traditional vendors.
