Three Ways To Extend Efficiencies Throughout Your Organization

Community banks today are finding themselves under mounting pressure. The battle for deposits is more critical than ever before, new entrants to the space are creating unprecedented competition, customer expectations continue to climb and technology is evolving at a rapid rate. Not to mention, these institutions are expected to effectively manage and maintain regulatory requirements, security protocols and growing their portfolios – all within set budgets.

Minority Depository Institutions

Policies are in the works to improve the struggles of minority deposit institutions (MDIs). Jill Sung, president and CEO of Abacus Federal Savings Bank in New York City and chair of ICBA’s Minority Bank Advisory Council and Consumer Financial Services Committee, has recently testified before congress on behalf of the ICBA regarding the impact MDI’s make in underserved communities.

CFPB Financial Well-Being Scale

Everyone’s financial situation is unique. We typically think of finances as credit scores, income, and net worth. However, analyzing financial well-being looks deeper by examining our relationship with money. The Consumer Financial Protection Bureau (CFPB) defines financial well-being as “the state wherein an individual has a sense of control over day-to-day and month-to-month finances, capacity to absorb financial shock, being on track to meet financial goals, and the ability to make financial choices to enjoy life.”¹

Pop-up Makerspace Available in Springdale, Arkansas

Springdale, Arkansas (home to Teslar’s headquarters) has received an exciting new, albeit temporary, addition to the community—an Innovation Hub. The hub is a pop-up makerspace that offers opportunities for adults and children of the community to attend free classes and workshops that offer tools and training to spark innovation and creativity and improve future careers.

The Battle: Digital vs Traditional Banking

Let’s face it, we are fully immersed in a digital world and banks are finding a decline in traditional banking. Statistics show a 41% decline in teller transactions since 1992, further revealing the need to provide an engaging mobile banking experience.

Financial Literacy For Kids

Our home state of Arkansas recently passed the Personal Finance and Job Readiness Act, a bill that will make personal finance a required high school course beginning in 2021. Many other states have been introducing similar legislation, creating a widespread understanding of the importance of financial literacy for young people.

2019 Community Banking Trends and 2020 Predictions

Teslar Software Shares Insight on 2019 Community Banking Trends, 2020 Predictions

Fintech comments on AI, battle for deposits, open banking and the branch

Veterans Day 2019

Today we honor those who have served and continue to serve our country. Words cannot begin to express our gratitude for the repeated sacrifices veterans have made on our behalf.

The Importance of Financial Literacy in Schools

In late September Pennsylvania State House of Representatives passed new legislation that will allow public school students to apply personal finance credits towards high school graduation requirements. Daniel Laughlin, a state senator for Pennsylvania stated, “I believe high school courses in personal finance should be encouraged.”¹ This new legislation will go into effect within the 2020 school year. Students that complete a personal finance course have the ability to use that as a credit for math, social studies, business education, or family and consumer science. Pennsylvania promoting personal finance within their schools is encouraging and hopefully other states will follow their lead.

Five Halloween Night Activities That Your Family Will Love

Halloween night doesn't have to be about just sitting on the front porch waiting to pass out candy to trick-or-treaters. We have rounded up a few ideas to jazz up your Halloween night and even get your friends and family involved too!