Community banks and small regional banks say that working with fintechs has become essential to their businesses in order to...
In an opinion piece on American Banker, General Counsel of US Century Bank argues that community banks could gain a lot from using blockchain technology; unlike big banks they don't have resources to test ideas and spend millions of dollars; pooling their resources or joining a consortium would be the best way forward to begin to test usages of the technology; engaging with the big four bank vendors is another idea; FIS, Fiserv, Jack Henry and D+H provide the core banking software at most banks and ensuring a dialogue with them is crucial; increased efficiency can help community banks stay competitive in an environment that is becoming more crowded by the day. Source
CU Ledger is a consortium of credit unions which is now testing out IBM’s Hyperledger Fabric solution; according to Coindesk,...
A beneficiary of the government shutdown are the small dollar lenders as more federal workers turn to them to make...
To attract the next generation community banks have their work cut out for them. But there are steps any bank can take to make themselves more attractive to millennial and Gen-Z consumers.
According to data from FIG Partners total loans at publicly traded banks with assets of less than $20bn rose 9.2...
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The Bank of Missouri has partnered with Corserv to enable the issuing of Visa credit cards for their customers.
According to a new survey by Cornerstone Advisors 6 percent of U.S. adults with a checking account consider a digital...
Bankrate reports that despite their limited resources community banks can effectively compete with big banks today; community banks have two...
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Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.