For community banks looking to strike a balance between high-touch services and high-tech capabilities, selecting the right technology partner is more critical than ever. This decision is amplified when it comes to selecting a core processor.

Buy now, pay later or BNPL, is the latest cautionary payments tale for community banks. Much like digital wallets, its appeal—with instant gratification and integrated payment at checkout—has taken hold with Gen Z and millennials.

Community banks’ focus on next-generation digital solutions was on full display during a recent symposium hosted by the Federal Reserve Bank of Philadelphia and the Conference of State Bank Supervisors.

Generation Z already outnumbers millennials and baby boomers and in a matter of years they’ll become the most financially powerful generation in our lifetimes. This generation represents a huge opportunity for community banks

To best support your employees’ learning and development we need your help! Please take this short survey and share how you prefer to assign training and what you think about some recent course modifications that we have made.

April may be Financial Literacy Month, but at Community Spirit Bank our focus on providing young people with a strong foundational knowledge of money management concepts and skills remains a priority throughout the year.

If my recent aggregate conversations with investment managers are an indication, there is still a lot of seat-of-the-pants decision making going on out there when it comes to portfolio strategies. And I hasten to add this is not a criticism; it’s merely an observation. Why should we expect anything else?

Despite some improvements in outlook, bank leaders continue to be wary about the prospects for an economic recovery in 2021. Two-thirds stated the economy will not fully recover until at least 2022 or later—with 43% saying recovery will happen in 2022 and 23% indicating it will come after 2022.

Data matters and it can drive better service. If you truly want to connect and care for customers, data needs to be part of your solution. As a consumer we are conditioned to give out certain personal information when making a purchase or when seeking to have a customer service need met. We can use those pieces of information on future interactions with customers.

Since its debut, Bitcoin has experienced spectacular fluctuations in value. While some accept the risks that come with such swings, others are working to blend the potential benefits of cryptocurrency with enhanced stability mechanisms. These digital currencies are collectively known as stablecoins.