Banks’ potential enhanced by tech
If you understand your customers enough to anticipate their needs, you have a better chance of winning them over as lifelong customers. [Continue]
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If you understand your customers enough to anticipate their needs, you have a better chance of winning them over as lifelong customers. [Continue]
The basic notion has been for some time that we want to have risk-based capital standards, and we want to risk-weight the assets. [Continue]
Banks have been utilizing fintech since at least the creation of the abacus, but until recently, community banks have not been investing in it in the traditional sense. [Continue]
A majority of Americans support a Congressional investigation into whether credit unions should remain tax-exempt, according to polling data from ICBA. [Continue]
Open banking is bringing both extensive promise and security concerns to community bankers as more customers desire the frictionless, near-instant service enabled by the technology. [Continue]
The Consumer Financial Protection Bureau has already unveiled an open banking rule that would require financial firms offering transaction accounts such as checking, prepaid cards, credit cards and digital wallets to give consumers access to their personal financial data. [Continue]
Andrew Young lives up to his name on the Starion Bank board — he is the youngest director serving the Bismarck, N.D.-based bank. [Continue]
The banking system remains strong despite the recent downturn of New York Community Bank and commercial real estate woes in larger markets, Federal Reserve Gov. Michael Barr said. [Continue]
The dominant role of former Heartland Tri-State Bank CEO Shan Hanes was a major factor in the bank’s failure, according to a Feb. 7 Federal Reserve Office of the Inspector General report. [Continue]
Interest rate cuts are unlikely in the near future due to lingering economic risks, said Federal Reserve Gov. Michelle Bowman on Feb. 12 during the American Bankers Association’s Conference of Community Bankers in San Antonio. [Continue]