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Banking on Intelligence: What Community Banks Need to Know about AI [Podcast]

EPISODE SUMMARY In this compelling podcast, we uncover the key insights, strategic advantages, and real-world applications that make embracing AI imperative for the future success and resilience of community banks. In this episode Wade Barnes, Financial Services Industry Lead, Hartman Executive Advisors Ryan Jackson, VP, Innovation Strategy, ABA Click here to listen

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Future-Proof Your Bank: Strategies for Digital Transformation and Innovation [Podcast]

EPISODE SUMMARY During these difficult economic times, it is more important than ever for banks to embrace digital transformation — not just to remain competitive, but to survive. Transformative Chief Information Officers (CIOs) steer their institutions through challenging times by aligning innovation with customer-centricity, and ensure technology is creating business value. In this podcast, you

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5 Reasons to Modernize Your Core Banking Platform 

A recent IBM study revealed that community banks are struggling to achieve their goals and meet customer expectations while facing technology modernization challenges. These businesses find themselves constrained by clunky legacy systems, hindering their ability to compete with non-traditional competitors like FinTechs and comply with regulatory demands. Moreover, banks that are slow to modernize their

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Unlocking the Potential: AI in Banking Simplified 

The banking industry is undergoing a drastic change thanks to the impact of artificial intelligence (AI). With its capabilities being applied to customer service, fraud prevention and predictive analytics, AI can revolutionize how community banks function and interact with customers. Read on to learn how these new AI-driven advances affect community banks and create new

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Leveraging Technology for Success in Bank Mergers and Acquisitions (M&A) 

In the dynamic world of finance, bank M&A has emerged as a strategic tool for growth, market expansion, and competitive advantage. The successful execution of these transactions hinges on numerous factors, with technology playing an increasingly pivotal role. In this comprehensive exploration, we delve deep into the intertwined relationship between technology and banking industry M&A,

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Mastering Regulatory Challenges: The Crucial Role of IT Governance in Community Bank Operations

In September 2022, Cross River Bank entered into a consent order with the FDIC due to concerns about unsafe and unsound fair lending compliance practices. The order required three immediate changes: Strengthening of lending and third-party compliance controls, compliance with credit product and third-party disclosure processes, including seeking FDIC approval for new credit products or

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6 Priorities to Future-Proof your Community Bank

Transformative Chief Information Officers (CIOs) steer their institutions through challenging times by aligning innovation with customer-centricity. Since the banking industry has changed more in the last five years than in the previous two decades, it is no longer just enough to keep banks buoyant. Successful CIOs need to drive transformational change and ensure technology is

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5 Steps for Enabling IT to Drive Strategic Outcomes for Your Bank

As the banking industry undergoes a revolutionary transformation, it is more apparent than ever that legacy technology platforms must evolve to enable enhanced customer experiences, customer acquisition channels, and back-office operations. Many community banks find themselves questioning whether they have the right IT to support their business goals and enable growth. Here are five essential

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Digital Disruption: Boosting Banking Deposits Through Technology

According to a S&P Global Report, 90% of surveyed banks that partnered with fintech companies said they expected to reach a double-digit increase in total deposits, far outpacing U.S. commercial banks of similar size. In the banking industry, technology has a major influence on who surfaces as the winners and losers. One of the simplest

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Why Credit Unions Need Financial Technology Consulting

Credit unions have traditionally been known for their personal touch and community-focused approach to banking. However, as FinTech providers continue to disrupt the industry, credit unions have more opportunities to  stay ahead of the curve and better meet the evolving needs of their clients. By partnering with FinTechs, credit unions can access cutting-edge technology and

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