Kevin Olson, chair of the Illinois Bankers Association, shares his perspective on the impact COVID-19 is having on banking industry, including adapting on the fly to new lending programs, how this crisis differs from previous challenges and the increased importance of relationship banking. [Continue]
Consumers gravitate toward community banks in part because they enjoy supporting locally owned businesses. That relationship should be reciprocal — as customers support your bank, give back to them by supporting their community. [Continue]
ICBA Chair and Minnesota banker Noah Wilcox speaks about adjusting to running a business and living life at a distance, the coronavirus-induced economic crisis and what the next round of the Paycheck Protection Program rollout holds. [Continue]
BankBeat Publisher Tom Bengtson interviews Jeff Plagge, Superintendent of the Iowa Division of Banking, about the state of the community banking industry. [Continue]
With cash flow, liquidity and credit tightening drastically across industries, and in the face of historically low interest rates, lenders will face several new and unique challenges over the coming months as the full effects of the coronavirus pandemic are felt throughout the economy. [Continue]
In these uncertain times, questions swirl among community bankers about the best way to support their customers and communities through our current public health crisis while still looking out for their employees and shareholders. Regulators and industry groups have been quick to publish guidance and suggestions to minimize the impact of COVID-19 on banks — … Read more
As the first post-conversion business day begins, systems are up, clients can access online and mobile banking and their debit cards are working. Your nightmares of being hunted like Frankenstein by a mob of angry clients were unfounded. [Continue]
As bankers continue to rely on technology to enhance operations and stay competitive, third-party fintech vendors are becoming increasingly important. While technological advances help improve compliance, products and services and due diligence among other, they also carry significant increased risk when paired with such third party arrangements. [Continue]
What we didn’t expect when we put our April architecture issue together was that in the week-long stretch between going into production and sending the issue to the printer, we’d all become bit players in an unfolding calamity of a different sort: The coronavirus pandemic. [Continue]
Community banks by definition are traditionally bound by geography that cloud banking deems irrelevant. Now foreign tech firms are reaching into the United States and jumping into the increasingly competitive field of all-things-cloud. [Continue]