Welcome Jon to the Team
Please join us in welcoming Jon to our support team as the newest Support Engineer!
Fraud is not something new to us. The growth of technology has caused an influx of varying scams. Most people are aware of identity theft and the precautions to take. First-party fraud is also on the rise, with people intentionally fabricating all or part of their identity to avoid paying for products or services or to receive reduced rates.1 With online shopping at large and the holiday season upon us, we want to talk about online shopping scams we’ve been seeing lately that we might be more likely to fall for.
Amidst the digital age, we continue to search for traditional banking’s place in the financial industry. Community banks, naturally, have less resources and smaller staff than larger competitors, but their small size offers agility and flexibility. To compete in today’s technology-dominated market, community banks must stay strong in these offerings in order to keep their edge.
Consumer sentiment is the measure of how optimistic consumers feel about their finances and the state of the economy. There are two major reporters of consumer sentiment: The Consumer Confidence Index by the Conference Board and the Michigan Consumer Sentiment Index by the University of Michigan. These are both conducted by household survey and report monthly.
The Banking Administration Institute (BAI) conducted interviews with customers of lending institutions, hoping to gain insights on digital lending. These clients were from small and middle-market businesses and, as the BAI’s efforts found, they were more than willing to talk—in fact, they gave straight and direct comments. Turns out they were eager to talk about their banking experiences!
In December 2019, The University of Arkansas in Fayetteville hosted a distinguished lecture by Reshma Saujani, CEO and founder of Girls Who Code (a non-profit that offers learning opportunities in computer science skills and helps girls in grades 6-12 build confidence, create career pathways, and have a support system). Saujani is an advocate for education and gender equality in the workplace, specifically tech fields.
It’s long been known that the traditional banking system just doesn’t work for the lifestyle of today’s consumers. Fintechs have noticed these problems and created digital solutions to almost all banking needs but there is still a lot of hesitation for community financial institutions to partner with these companies—but why?
How do we describe the holiday season? Magical, wonderful, exciting, warm… busy, stressful, distracting. If we’re being completely honest, the holidays make it really hard to stay focus and remain productive among the crammed schedules and extra time off. Aside from the hustle and bustle of family plans and travel, you’re likely finding your schedule filled holiday parties, charity drives, and many other events the season brings.
We often see challenges as a new generation grows and begins to integrate itself into adulthood. It’s not news to anyone that the Millennial generation at large has struggled to integrate with older generations. With the rising trends and news stories of the war between the Baby Boomer generation and Millennials, it’s becoming increasingly apparent that institutions like banks must appeal to adults with a wide variance of expectations, preferences, and needs.
Teslar is excited to announce that we will be attending the 26th Annual Acquire or Be Acquired (AOBA) Conference in January 2020 in Phoenix, AZ.