Leveraging AI as a Community Bank

Every year, artificial intelligence (AI) becomes increasingly prevalent within the banking industry. Community banks can utilize AI technology to enhance their relationships with their customers and create new ones.  Relationships are the strongest value a community banker has, and the relationships built by local banks are vital to their longevity and success. AI can allow bankers to track current customers more efficiently and locate potential new ones within their community. 

U.S. Banks Report a Strong Q1 2019

With 2019 approaching the halfway point, we are starting to get a better idea of how banks are doing for the year. Fortunately, banks across America are reporting a very strong Q1, with the net income of the banking industry for this quarter reaching over $60 billion¹. Community Banks were some of the biggest winners this quarter with net income rising to $6.5 billion, a 10 percent increase from the previous quarter².

Elder Abuse in Banking

Elder abuse in banking has been a prevalent issue for years. It impacts millions of American families and their finances. Each year, over 5 million elderly customers are scammed as a result of elder abuse¹. The price tag for this fraud totals over $3 billion annually and is rising every year¹. The Senior Safe Act entered into law in 2018¹. This is the first major piece of legislation aimed at taking strides in preventing elder abuse in banking. Through this bill, serious steps were taken to to better detect and stop elder abuse.

Speaker Spotlight: Erez Saf

Erez Saf

CEO

We are excited to introduce Erez Saf from CRiskCo as one of our guest speakers at our user group conference in Little Rock, AR next week.

Speaker Spotlight: Karl Falk

Karl Falk

Founder & CEO

We are excited to introduce Karl Falk from Botdoc as one of our guest speakers at our user group conference in Little Rock, AR next week.

Speaker Spotlight: Aaron Dunn

Aaron Dunn

Founder & President

We are excited to introduce Aaron Dunn from Collateral Valuation Consultants as one of our guest speakers at our user group conference in Little Rock, AR next week.

Speaker Spotlight: Randy Dennis

Randy Dennis

President, Managing Partner

We are excited to introduce Randy Dennis from DD&F Consulting Group as one of our guest speakers at our user group conference in Little Rock, AR next week.

Teslar User Group Conference

Teslar will be hosting it's first user group conference next week, April 23-24, at the Federal Reserve Branch in Little Rock, AR. We look forward to seeing some of our users and we are excited for our guest speaker lineup.

Annual Teach Children to Save Day 2019

Today marks the 22nd anniversary of the Teach Children To Save (TCTS) program sponsored by the American Bankers Association (ABA) Foundation. TCTS is a free, banker-driven national program that is focused on teaching kids primarily in grades K-8 about banking careers, interest, money savings, and more.

April is Financial Literacy Month

Establishing and maintaining healthy financial habits is an important part of daily life. Various studies and surveys had found that kids, teenagers, and young adults were not being taught how to manage personal finances, credit cards, retirement funds, debt, etc. by parents or the educational systems.^[1] Given that, the US Senate felt it was important to establish a month dedicated to promoting financial literacy and generally raise awareness to the importance of financial education.^[1] Initially, the US Senate designated April as Financial Literacy for Youth Month in 2003 and established the Financial Literacy and Education Commission, supported by the Office of Financial Education of the Department of the Treasury.^[1] However in March of 2004, Senator Daniel Akaka of Hawaii proposed a resolution to designate April more generally as Financial Literacy Month.^[1] The resolution passed unanimously and without amendment during the 108th Congress.^[1]