As digital banking continues to grow in popularity, it’s evident that the traditional model of banking is not coming back. Yes, there is still a demand, and therefore need, for in-person interactions and brick-and-mortar stores (read more on that here and here), but many aspects of traditional banking are more than likely gone for good. If the future of banking is digital, we can’t help but wonder, what does that mean for the future of banking jobs?
The introduction of AI and digital technology has “forced banks to realize that human connection is what will set them apart and give them an edge. You can use all the technology you want but without the right people to deliver it, manage it, and embrace those changes, you will fail.”1 Collaboration, empathy, creativity-- all of these new things are humanistic by nature.
Community State Bank Selects Teslar Software
Bank chooses robust platform to streamline commercial lending process, strengthen customer relationships
We're looking forward to our first conference of the year this weekend! This year is going to be jam-packed for Teslar! We're excited to showcase our software solution that will empower community bankers. We hope to see and meet both new and existing customers at one of these conferences throughout 2020!
There’s no skirting around the fact that cyber security is a major threat and cause for alarm today. In August 2019 alone, 114.6 million financial records were leaked in 95 breaches around the world1—and that’s just the ones we know of. Only 10-12% of cybercrimes in the U.S. are reported.2
Leveraged lending offers credit to commercial businesses with high levels of debt, helps companies obtain funding for leveraged buyouts, mergers and acquisitions, and recapitalizing businesses. While many commercial businesses see success from these loans and are able to repay them, the high levels of debt and lower liquidity can reduce a business’ ability to respond to unexpected changes in economic conditions.
The statistics surrounding the dire state of retirement in America are abundant. According to a 2019 Bankrate Financial Security Index survey, 21% of Americans aren’t saving any money at all. Forty eight percent of working adults are saving something, but still less than 10% of their annual income.1
There are good companies to work for, bad companies to work for, and there are great companies to work for. What is it that makes a company the “best”? What is their company culture like? Harvard Business Review (HBR) researched the best places to work in the United States looking for these answers. We’re not just looking for what they do differently, but why the things they do see success.
Training and education are transforming elements of a community bank. Education has cultural, personal, and financial benefits to a bank and can make the difference between a good bank and a great one, says Group Executive Vice President for ICBA’s (Independent Community Bankers of America) Community Banker University, Lindsay LaNore, in a Main Street Banking podcast. In no circumstance is knowledge ever wasted: it’s the foundation of innovation and growth.