7 questions to ask before you invest in regtech Apr 01st 2020 12:04am on Focus, Software, Technology, Trends 7 questions to ask before you invest in regtech Apr 01st 2020 12:04am on Focus, Software, Technology, Trends Technology can ease the complexity of regulatory compliance, but it pays to go into the buying process with your eyes open. By Cheryl Winokur Munk To say regulatory compliance is complicated and costly for banks is a no-brainer. In a recent study of the U.S. banking industry from Wolters Kluwer, 47% of respondents ranked manual […]
SEO: Boost your bank’s visibility with this tool Apr 01st 2020 12:04am on Focus, Marketing, Membership, Technology, Trends Search engine optimization, or SEO, helps people find your community bank’s website. Here are five ways you can help your bank rise up the search rankings. By Ed Avis When somebody is looking for a new bank, what is the first thing they do? They Google “bank near me” or something similar. If your bank […]
How the world’s banks are using the IoT Mar 01st 2020 12:03am on Focus, Technology, Trends Across the globe, banks and fintechs are experimenting with web-connected devices—collectively, the Internet of Things (IoT). While some experiments have worked and some have failed, their efforts offer a glimpse into what’s possible with connected devices. By Adam Oxford Legend has it that, when traveling to the Soviet Union for a concert in 1986, Russian-born, American […]
High-tech, high-touch lending Feb 01st 2020 12:02am on Focus, General, Lending, Technology, Trends Community bankers say they can get the best of both worlds by using the latest financial technology to meet the needs of customers—whether they want a digital banking experience or not. By Beth Mattson-Teig Community bankers are increasingly having to manage a balancing act: How do they expand their digital lending platforms to give the […]
Secrets of 4 community bank–fintech partnerships Feb 01st 2020 12:02am on Banks, Industry Insight, slide, Software, Technology, Trends Community banks and fintechs are working together to boost internal efficiency and improve the customer experience. But good partnerships don’t just run like clockwork. They require close collaboration, risk-taking and the alignment of strategic visions. Here’s what some of these partnerships look like in reality. By Mary Yerkes Today’s banking industry is all about innovation. […]
Community Bank CEO Outlook 2020: How your peers plan to grow Jan 01st 2020 12:01am on Banks, General, General, Industry Insight, Lending, Operations & Management, slide, Technology, Trends Independent Banker’s Community Bank CEO Outlook survey asked community bank leaders how they plan to grow their institutions this year. The results of this year’s survey reveal what community bankers have planned for 2020, from adopting new technology to growing deposits. By Kelly Pike, Illustrations by Edu Fuentes Ask any self-help guru, and they’ll tell […]
Why blockchain still has potential for banks Nov 01st 2019 12:11am on Focus, Technology, Trends Many financial institutions are looking to blockchain, the still-novel distributed ledger technology, as a means to create more efficient and less risky solutions to today’s—and tomorrow’s—challenges. By Karen Epper Hoffman It could be said that blockchain’s affiliation with cryptocurrency is both its greatest strength and its greatest weakness. But blockchain—a digital distributed ledger platform invented […]
Are your customers ready to bank by smartwatch? Nov 01st 2019 12:11am on Focus, Products & Services, Retail, Technology, Trends Smart wearable devices have been on the rise in recent years. While only some banking functions may translate to these tiny, albeit advanced, devices, some community banks have already made the jump to the smartwatch. By Katie Kuehner-Hebert More and more people are using smartwatches for everyday tasks while on the go, but how many […]
Could AI work at your community bank? Nov 01st 2019 12:11am on slide, Software, Technology, Trends No longer the stuff of science fiction, artificial intelligence and machine learning technology are now in use at community banks for a growing number of internal and customer-facing applications. By Karen Epper Hoffman • Illustrations by Mark Allen Miller Taking a page out of the show Black Mirror, coverage of today’s technology paints a picture […]
Libra: What it means for community banks Nov 01st 2019 12:11am on Advocacy, Membership, slide, Technology, Trends When the social media titan announced that it is developing its own cryptocurrency, it shook the financial industry. But what is Facebook planning? How is Libra structured differently than the thousands of previous cryptos? And what are policymakers saying about Facebook’s plan to expand into currency? By Colleen Morrison With 2.41 billion monthly active users, […]
