Community banks beat larger counterparts in terms of their number and geographic span, but they lack the upper hand when it comes to compliance and the overhead that comes with it.
Read MoreFintechs have the potential to, bank by bank, help modernize the commercial-banking space through more cutting-edge products and services.
Read MoreCommunity banks, like credit unions, can often struggle to keep up with larger players, which, with bigger budgets, have built out in-house tech overhauls that give them an even greater edge.
Read MoreThe intricacies found within these regulations can be a major compliance concern for military- and veteran-focused fintechs—and still leave significant gaps to fill.
Read MoreAccording to Jason Henrichs, Alloy Labs’s Founder and CEO, while credit unions and community banks exist and serve their members well, the needs of their members are changing.
Read MoreAccording to Paul Dunford, Green Check Verified’s Co-Founder and VP of Knowledge, cannabis banking aligns with the mission of credit unions.
Read MoreGiven their relatively small size and tech budgets, credit unions are a prime target for fintechs looking to overhaul financial institutions’ tech stacks and operations. But reaching and converting many of these CUs can be a challenge.
Read MoreWith the right products that speak to their strengths, credit unions can stick around—and scale significantly.
Read MoreChatGPT and other AI-powered chatbots have gained prominence since the beginning of the year, highlighting the potential for AI to disrupt a range of sectors, including finance and fintech.
Read MoreAccording to Zur Yahalom, SVP & Head of Financial Services at Amdocs, the company’s move into banking and financial services was a logical extension of its existing areas of expertise.
Read MoreLawmakers have concrete ways to improve banking services writ large, delivering more reliable and impactful experiences for constituents in the process.
Read MoreWith the right messaging, timing, and content, banks can translate new tools into new growth.
Read MoreAccording to Mike Sha, SigFig’s Co-Founder and CEO, Engage is a multi-part effort to bring bank services to the cutting edge.
Read MoreDigital-identity solutions are addressing a suite of use cases—from KYC challenges to humanitarian issues. While these solutions are still in the works, and their infrastructural shape isn’t fully certain yet, fintechs and financial institutions can already prepare operationally for their arrival.
Read MoreDigital-identity solutions are a promising countermeasure that may help mitigate fraud. But they come with their own risks that consumers have to be aware of—and potentially regulate with the help of lawmakers.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
