Synthetic identity fraud cost financial institutions between $5 and $40 billion in 2024. Why the wide range? Financial institutions struggle to detect synthetic identities—about 85%-95% of synthetic identities remain undetected.
A recent survey found that 61% of financial institution CEOs plan to prioritize small business lending over the next two years. To effectively support small businesses, incorporating SBA and USDA loans into your offerings is crucial.
The average age of community bank account holders is rising, and the first fully digital generation of profitable bank customer is entering the market. Community banks must act now to attract these customers or risk losing them forever.
With a disruptive combination of technology (AI) and economic uncertainty, community banks must increase efficiency across sales, marketing, operations, and community development functions. While each area is vital, their combined impact can create a flywheel effect, boosting efficiency and optimizing relationships, data, and touchpoints.
Everyone wants to grow their commercial portfolio, but it’s not always realized that the consumer is what drives new commercial business. Reembracing consumer lending for the next generation of business owners is the gateway to securing future commercial deals.
The Fed’s decision to lower interest rates may boost ag real estate lending. Bankers are using a suite of Farmer Mac products to maintain and grow ag real estate loans in an extremely competitive environment.
With the longest-on-record pause between the last interest rate hike and the first cut, community banks had ample time to prepare for a secular falling rate environment, which the Fed projects will be lasting for two years.
In today's digital age, personalization isn't just a perk—it's a key differentiator. With 74% of people across generations expecting more personalization from their financial institutions, community banks face higher stakes than ever. As in-branch visits decline, transforming digital engagement into relevant, personalized experiences is crucial to community banks. Join us for an exciting session on how community banks can stay ahead of evolving customer expectations.
With the precipitous rise in interest rates and other economic challenges, the performance and reliability of our interest rate and liquidity risk models and the supporting assumptions are under pressure and increased regulatory scrutiny.
Discover the power of transferable tax credits. Join us for compelling case studies and success stories from industry experts who have leveraged these credits to achieve substantial tax savings.
In a decreasing rate environment, financial institutions face growing challenges to retain and attract deposits as depositors seek higher-yielding alternatives.
Learn how your bank can maximize shareholder returns effectively. Review a dozen of actionable ideas designed to generate tangible returns, helping your bank achieve greater ROEs or earnings per share.
Long-time community bank advocates Jeff Gerrish and Philip Smith will once again reprise their now almost famous Ultimate Community Bank Q&A, a two-man “song and dance” sharing key stories, and related to community banks that will change your strategic outlook for the future, as they field any and all questions in an open forum live exchange that is always certain to educate, inform and entertain.
Compliance costs can be a significant burden for community banks, often making it challenging to meet regulatory expectations without straining their revenue.
Peer-to-peer payment fraud is making headlines again with threatened lawsuits and proposed legislation intended to expand financial institution responsibilities.
Key technology trends are reshaping cybersecurity, AI, and workplace dynamics. As AI tools like notetakers, selection systems, and dash cams become more common, creating effective governance, risk, and compliance strategies is crucial.
Leadership development and succession planning are vital for any company’s ability to develop talent within their organization. Many managers report a gap between Baby Boomers and Millennials. Boomers are using performance practices that once led to success, but Gen X and Millennials may not see the same value in them.
