Community State Bank Selects Teslar Software
Community State Bank Selects Teslar Software
Bank chooses robust platform to streamline commercial lending process, strengthen customer relationships
Teslar's 2020 Conference Schedule
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!
Will the Next Financial Crisis Be One of Cyber Security?
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
Ending America's Retirement Crisis
Risky Business: Leveraged Lending
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 Retirement Problem in America
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
Company Culture: The Difference Between Good and Best
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.
Education and Success in Community Banks
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.
Webinar Now Available: Three Things Banks Can Do Today to Improve Efficiencies
Two weeks ago Joe Ehrhardt, CEO and founder of Teslar, hosted a webinar with the ICBA and Independent Banker. The webinar was called Three Things Banks Can Do Today to Improve Efficiencies and Joe discussed how institutions rely on cumbersome processes that hinder the customer experience. However, to best serve your customers it is essential to find balance by incorporating automation without compromising the overall customer relationship.
Pros and Cons of Going Cashless
Many believe we have been moving toward a cashless society in which all financial transactions are digital. Many financiers and government authorities favor bidding adieu to cash-- there’d be lower crime rates with no physical money to steal, financial crimes and money laundering would be much harder to commit if there’s a record of every payment you ever receive, we would save money by not printing bills and coins, people would have ease of use when managing their cash, and it would make international travel so much easier.