5 Banking Innovation Trends To Watch in the Next 3 Years To become future-ready, banks must possess the speed and agility of a fintech startup, while building the cultural and operational capabilities to drive innovation and digital banking transformation at scale. Here are 5 digital banking innovation trends to watch in the next three years and beyond.
Financial institutions are at a critical moment to find and act on statistically accurate data to inform their account holder roadmap, technology plans, investments, and strategy. Alkami's 2022 Digital Banking Transformative Trends Study with The Center for Generational Kinetics, provides data, context, and recommendations. Read more.
Robert “Red” Daniel Named FinTech Catalyst at ATDC Red Daniel has been named FinTech Catalyst at ATDC. In this role, he will manage the ATDC FinTech program, providing acceleration opportunities to portfolio companies, fostering their development and growth. He also manages ATDC relationships with investors, prospective business partners, CEOs, and community technology leaders to promote market outreach and business development in the FinTech ecosystem.
CBA Innovation Committee to Meet August 16, 2022 CBA's Innovation Committee will meet Tuesday, August 16, 2022 at 2:00 p.m. For more information, contact Lindsay Greene.
Innovation Exploration Regulatory Series: Implementing Credit Programs Wednesday, September 7, 2022 2:00 PM - 3:30 Implementing credit programs - Join Troutman attorneys and experienced BAAS bankers for a discussion on the unique features and challenges associated with credit cards and other credit programs for third parties. The discussion will focus on the impact of the true lender, valid when made and other regulatory regimes that apply to these programs.
Innovation Committee: Making Meaningful Progress In the latest issue of Georgia Communities First, CBA Innovation Committee Chair Chris Stanley, SVP/Fintech Banker, SouthState Bank, Atlanta, shares the initiatives of the Innovation Committee and how the committee has evolved over the past three years. Hear from bankers across the state as they share their innovation challenges, success stories, efficiencies and best practices.
2022 Trends Reflect a New Era for Banking Financial institutions can no longer plan for the future by looking at the past. As they evaluate the outlook for 2022 and beyond, two of the most important trends on their radar should be the ability to innovate quickly and at scale, and to humanize digital experiences.
“This is a fantastic report from CBA Partner Technology Association of Georgia. The Georgia Fin-Tech ecosystem is extremely vibrant and growing larger every day. This vast ecosystem creates firsthand opportunities for Georgia’s community banking industry to obtain information and new solutions that will help further innovate their respect operations and enhance the overall customer delivery experience,” said John McNair, President & CEO, Community Bankers Association of Georgia. “CBA and our Innovation Committee members are actively engaged in the Fin-Tech ecosystem. I encourage all community bankers to participate in CBA’s efforts to further the advancement of technology solutions for our industry.”
The Future of ‘Banking as a Service’ The “banking as a service” strategy has quickly moved from a quirky niche play to a “golden opportunity” for a much larger group of players on both sides. There are several reasons for this shift. Read more from The Financial Brand and hear from CBA Connect speaker Eric Sprink, President and CEO at Coastal Community Bank, who is very active in Banking as a Service.
Back-Office Innovation - Charles Potts Community bankers are embracing innovation like never before—with impressive results. But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list.
Operations play a role across multiple facets of community banking, including account onboarding, payments and transactions, fraud analysis, compliance and regulatory guidelines. On a practical level, what steps can community banks take to strengthen their back-office operations?
What Is Web 3.0? (And Why Should Banks Care?) A new version of the web — based on blockchain technology — is being predicted and promoted. Even though the trend has vocal naysayers, elements of Web 3.0 are already in use, including by a new crop of disruptive nonbank competitors.
4 Questions to Ask for Bank-Fintech Partnership Success Traditional bank leaders know that fintechs are quickly encroaching on target audiences and customers. They also know any chance of keeping up with digital competitors will depend on making fast and substantial progress toward digital transformation. Consumer demands for easy, accessible and convenient digital services will only increase.
The Battle for Business Banking Business banking is the next frontier for digitization. While megabanks and fintechs are locked in an arms race to serve businesses, it is the community institutions that have a unique advantage: borrower satisfaction and agility.